Yesterday | Wall St. Cheat Sheet
Market Recap: Stocks Splash Over 2%, HP Crashes 6%
Markets closed down on Wall Street today:A Dow A -2.22%,A S&P A -2.46%,A Nasdaq A -2.82%,A OilA -3.78%,A Gold A +4.05%. On the commodities front,A Oil A declined to $83.26 a barrel.
Energy Business Review: Chesapeake SLIDES, Exxon LOVES Texas
Exxon's plans to build a multi-billion dollar chemical plant in Texas may help it compete against its rival Dow Chemical .
BP Stops This LUCRATIVE Joint Venture
Hamstrung by limited possibilities for growth, weary of continual bad blood with its Russian partners, and possibly anticipating fresh problems with newly returned, nationalistic Russian President Vladimir Putin, BP Plc finally announced plans to exit its huge joint venture TNK-BP. AAR, a consortium of billionaires that is BP's partner in TNK-BP, ... (more)
BP leakage estimates questioned by feds
Federal investigators are looking into whether BP PLC representatives gave Congress false information about how much oil was leaking into the Gulf of Mexico after the Deepwater Horizon oil spill two years ago.
Judge allows BP engineer charged in oil spill to travel
Prosecutors had hoped to ban Mix from traveling to some states before his criminal trial relating the to 2010 Gulf of Mexico oil spill.
Feds investigate BP over oil spill estimates
BP Plc is under investigation regarding whether company representatives lied to Congress about the amount of oil leaking from the Macondo well after the Deepwater Horizon disaster.
Major events in Caspian oil & gas industry for last week
Azerbaijan to assist in hydrocarbon exploration in Saudi Arabia The State Oil Company of Azerbaijan and Foroof International in Baku signed a memorandum of understanding and long term projects in the petroleum sector in the Kingdom of Saudi Arabia.
BP punches Nabucco below the belt
UK oil major BP said it was no longer considering shipping gas from its Shah Deniz field in Azerbaijan through the Nabucco pipeline, dealing a blow to the troubled European project.
Oil rises above US$91 in Asia as Greek polls suggest pro-austerity parties may form government
Benchmark oil for July delivery was up 77 cents to $91.63 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange.
Nabucco shareholders believe in project's successful implementation
None of the countries participating in the Nabucco gas pipeline project had even hinted at doubts over its successful implementation, Bulgaria's representative in Nabucco Gas Pipeline International GmbH Dimitar Abadzhiev said, Sofia News Agency reported.
Energy Business Review: BP Disappoints Investors, Chevron's Haunting Legal Battle
BP downgrades the scope of its Nabucco pipeline project, which is to import natural gas from Azerbaijan to Europe, and now says that the pipeline will only reach so far as Europe's border with Turkey.
UPDATE 1-EU pipeline to cut Russian gas reliance is dead -BP
A proposed pipeline that would cut Europe's dependence on Russian gas by opening a route for Central Asian and Middle Eastern supplies has been shelved because it is not economically viable, anchor supplier BP said.
BP says original Nabucco pipeline plan off table
Oil major BP said it was no longer considering shipping gas from its Shah Deniz Stage 2 Gas field in Azerbaijan through the Nabucco pipeline, forcing the EU-backed project to offer a smaller alternative.
UPDATE 1-BP, EPA reach deal on Canada crude at U.S. refinery
BP Plc on Wednesday said it will spend $400 million to install pollution controls at its giant Whiting, Indiana refinery to allow it to process heavy crude oil from Canada, in a deal with U.S. and state regulators.
BP PLC Upgraded by Sterne Agee
The firm currently has a $18.00 target price on the stock. The analysts noted that the move was a valuation call.
BP PLC Upgraded by Canaccord Genuity
The analysts wrote, "We don't think BP has the best long-term growth outlook in the sector, but E&P prospects look set to turn up sharply as operations normalise in 2013-14. Meanwhile, we think the shares' recent slump to almost their post-Macondo low vs the US oils leaves the potential for a good recovery on a 6-12 month view, especially if we see ... (more)
In a report published earlier today, Canaccord Genuity upgraded its rating for BP plc from Hold to Buy, but did not name a price target.
Oil Prices Continue to Slide as Concerns of Europe's Economic Uncertainty Continue to Grow
The SPDR S&P Oil & Gas Exploration & Production ETF has dropped more than 10 percent over the last month as concerns of Europe's economic uncertainty continue to grow.
Oil rises to near $92 US in Asia ahead of key talks over Iran's nuclear program
Benchmark oil for June delivery was up 43 cents to $91.90 US a barrel in electronic trading on the New York Mercantile Exchange.
New 52-Week Lows: World News Affects BP, Flir and Credit Suisse
Best Buy Co. 's board has released findings of an independent investigation into personal conduct claims regarding former CEO Brian Dunn .