Before BP PLC (NYSE: BP) agreed to sell its 50% stake in Russia-based oil company TNK-BP, the company tried to negotiate an alliance with eventual acquirer Rosneft. That did not work out,…
Paul Ausick The US Department of Interior’s Bureau of Ocean Energy Management (BOEM) on Wednesday held a lease sale for approximately 21 million acres of US outer continental shelf open for development in the…
Services and drilling company Hercules Offshore Inc. (NASDAQ: HERO) recently received some positive comments from two analysts, including an upgrade to Outperform today from Stephens. The company, mostly a shallow-water driller, also…
Deloitte and KPMG are sued for their parts in the Hewlett-Packard Co. (NYSE: HPQ) buyout of Autonomy. (Reuters) Samsung launches a Google Inc. (NASDAQ: GOOG) Android-based camera in Japan. (Reuters) Steve Ballmer…
courtesy of BP plcThe U.S. Environmental Protection Agency (EPA) this morning announced that it has temporarily suspended BP PLC (NYSE: BP) and its affiliated companies from new contracts with the federal government.…
Paul Ausick ThinkstockWe have tracked the key short interest changes as of November 15 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE:…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday. Aeropostale Inc. (NYSE: ARO) cut to Neutral at Janney Capital. AK Steel Holding…
courtesy of BP plcOil supermajor BP PLC (NYSE: BP) is reorganizing its oil and gas production operations for the second time since the explosion at its Macondo well in the Gulf of…
Paul Ausick ThinkstockUpdated throughout the day on the 24/7 Wall St. Wire: BP PLC (NYSE: BP) will restructure its oil production unit. (Reuters) China stops building its strategic oil reserves. (FT) Douglas A. McIntyre
Douglas A. McIntyre ThinkstockIn the most recent trading days, we have seen more companies turn to new or expanded share buyback plans. If the dividend tax rates rise too much, corporations may ditch the endless…
courtesy of NetflixNews Corp. (NASDAQ: NWSA) will buy a 49% interest in YES. (Reuters) Citigroup Inc. (NYSE: C) will pay $360 million to end its dispute with Lehman Bros. (Reuters) Cisco Systems…
ThinkstockWhen California gasoline prices topped $5 a gallon early last month, the state’s big refiners said they were performing maintenance at some of the plants and a couple were recovering from forced…
thinkstockGlobal bank layoffs reach 160,000. (Reuters) Christine Lagarde of the International Monetary Fund says it is essential that the European Union make a deal to rescue Greece. (Reuters) The U.S. Postal Service…
courtesy of BP plcIn a press conference this afternoon, the U.S. Department of Justice said that two employees of BP plc (NYSE: BP) will be charged in a 23-count criminal indictment with…
Paul Ausick courtesy of BP plcBP plc (NYSE: BP) has agreed to pay a total of $4.5 billion dollars and to plead guilty to 11 felony charges in a criminal case brought by the…
