BP plc. (NYSE: BP) has shut-in a 43,000 barrel/day well in a North Sea field following the discovery of a small crack in a connecting pipeline. The leak has stopped and there…
US oil & gas giant Exxon Mobil Corp. (NYSE: XOM) has agreed to sell 99% of its Japanese refining subsidiary to Japanese refiner TonenGeneral Sekiyu for $3.9 billion. The sale also includes…
Following favorable ruling in federal court last night, shares of Transocean Ltd. (NYSE: RIG) are up nearly 2.5% in mid-morning trading at $48.42 in a 52-week range $38.21-$85.98. BP plc (NYSE: BP),…
A federal judge in New Orleans has ruled that Transocean Ltd. (NYSE: RIG) is indemnified from paying compensatory damages related to the explosion and sinking of its Deepwater Horizon platform that killed…
Greece and its creditors are close to a deal on the nation’s debt swap. (Reuters) A judge rules that some of the Gulf spill costs to be covered by Transocean (NYSE: RIG) will…
Transocean Ltd. (NYSE: RIG) is running higher in the after-hours after the WSJ reported that a federal judge has now ruled that BP PLC (NYSE: BP) is going to be required to indemnify Transocean…
Europe’s largest independent oil refiner, Swiss-based Petroplus Holdings AG, is preparing to file for bankruptcy. At the end of December, a consortium of banks cut off the $1 billion line of credit…
Paul Ausick Eastman Kodak’s Chapter 11 filing is a way to shed its financial obligations. It also may allow a bankruptcy court to auction off its patents, either through purchase or license, to the…
Douglas A. McIntyre Eastman Kodak (NYSE: EK) files for Chapter 11. (Reuters) Greece and its private lenders work toward a last-hour compromise on a debt exchange. (Reuters) BP (NYSE: BP) likely to set a $20…
Units of two of the country’s largest energy companies, BP plc (NYSE: BP) and Sempra Energy (NYSE: SRE) have announced a joint investment of more than $1 billion in two new wind…
The CFO of Transocean Ltd. (NYSE: RIG), Ricardo Rosa, is retiring from the company effective April 30th, and is resigning effective January 31st. Rosa joined Transocean in 1999 in an acquisition. He…
One of the largest crude oil refiners in the US, Tesoro Corp. (NYSE: TSO), this morning lowered its earnings guidance for the fourth quarter, projecting a loss of -$0.55 to -$0.80. The…
Two pipeline companies have agreed to a 50-50 joint venture to build a new 149-mile offshore gathering system in the Gulf of Mexico. Enterprise Products Partners L.P. (NYSE: EPD) and Genesis Energy…
Bill Gross’s PIMCO Total Return Fund has $1.4 billion in outflows in December, according to Morningstar. (Reuters) MF Global sold some assets to Goldman Sachs (NYSE: GS) before its collapsed. (Reuters) As…
BP plc (NYSE: BP) has halted payment from its Gulf Coast Claims Facility. The fund was set, under pressure from the US governemnt, to provide as much as $20 billion for Gulf…
Douglas A. McIntyre 
