Oil – The death of Hugo Chavez and the prospect of a regime change in Venezuela are likely to attract investor interest in the short term.
Articles Tagged "LSE:BP"
The Commodity Investor takes a look at BP's fraught history and its considerably more rosy future.
Oil – Bloomberg reported that the trial regarding BP plc's (LSE:BP,NYSE:BP) liability for the 2010 Gulf of Mexico oil spill has been moved from January 14 to February 25.
Oil – Bloomberg reported that BP plc (LSE:BP) is pushing a federal judge to okay a $7.8-billion settlement for owners of homes and businesses who sued the company for the economic damage they incurred after the 2010 oil spill in the Gulf of Mexico.
Oil – The Wall Street Journal reported that Russia's Rosneft (LSE:ROSN) is set to buy a 50 percent stake in TNK-BP Ltd. from BP plc (LSE:BP) for about $25 billion. It is also looking to buy out BP's partners for up to $28 billion, and has signed a preliminary agreement to that effect.
Gas – The Wall Street Journal reported that ExxonMobil Corp. (NYSE:XOM), ConocoPhillips (NYSE:COP), BP plc (LSE:BP) and TransCanada Corp. (TSX:TRP) have agreed to merge two competing natural gas pipeline projects into a single pipeline that will export natural gas from Alaska's North Slope to Asia.
The Commodity Investor examines the growing prominence of trade relations between Asia and the Middle East and indicates how investors can take advantage of this shift.
Gas – Forbes reported that Alaska has given ConocoPhillips (NYSE:COP), ExxonMobil Corp. (NYSE:XOM) and BP plc (LSE:BP) until the end of October to develop a plan to transport natural gas from the state's North Slope to a port where it will be condensed into liquefied natural gas and exported to Asian markets.
Oil – Reuters reported that BP plc (LSE:BP) closed its Norwegian Ula field following a potentially dangerous leak last week. BP will not resume production until it knows what caused the problem.
Oil – Reuters reported that Plains Exploration & Production Co. (NYSE:PXP) plans to borrow $7 billion so that it can purchase BP plc's (LSE:BP) stake in some deepwater wells in the Gulf of Mexico. Since the announcement, PXP shares have dropped over 10 percent due to investors worrying about how the company will deal with the debt load it has taken on.