Since 2002, Greenland has issued 13 licenses to explore its onshore and offshore areas for oil and gas. Among the licensees are Exxon Mobil Corp. (NYSE: XOM), Chevron Corp. (NYSE: CVX), Encana…
Reuters: The Senate was not able to reach consensus on the financial reform bill. Reuters: Heavy oil from the BP plc (NYSE: BP) rig came ashore in Louisiana. Reuters: Trading systems broke…
The BP plc (NYSE: BP) Deepwater Horizon spill is quickly moving east. The NOAA now reports what a number of scientists have already said–the oil slick will move into powerful currents that…
Douglas A. McIntyre These are ten of the top analyst upgrades, downgrades, and initiations seen in Wall Street research calls early this Wednesday morning: BP plc (NYSE: BP) defended at Bank of America Merrill Lynch.…
Cleaning up messes has grown into a big business since the 1970s. There are a lot of small and medium-sized businesses that get involved in environmental remediation for everything from cleaning up…
BP plc (NYSE: BP) says it has made modest progress in slowing the leak of crude into the Gulf of Mexico from its Deepwater Horizon rig wreck. It says that a siphon put into…
Douglas A. McIntyre MarketWatch: Shanghai closed down 2% and Europe is weak MarketWatch: The euro hit a four year low against the dollar. Reuters: BP plc (NYSE; BP) says it is making progress with the…
A report on National Public Radio last night has led to demands for the federal government to get tougher with BP plc (NYSE: BP) and Transocean Ltd. (NYSE: RIG) regarding the actual…
We are not seeing the floodgate of dividend hikes as we had seen in earlier weeks this year, but hikes, talk of hikes, and other big dividend news changes are out this…
Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
Reuters: The Senate backed restrictions on credit rating agencies and credit card fees. Reuters: Oil dropped to a three-month low based on demand. Reuters: Facebook will hold a staff meeting on privacy.…
BP plc (NYSE: BP) says the costs of cleaning up and attempting to cap the oil flow from what is left of the Deepwater Horizon have risen above $450 million. According to The…
NYT: NY Attorney General is investigating eight banks for allegedly providing misleading information about mortgage instruments to rating agencies: The Goldman Sachs Group (NYSE: GS), Morgan Stanley(NYSE: MS), Deutsche Bank (NYSE: DB),…
The continuing disaster in the Gulf of Mexico has called into question drilling safety practices for oil in the ultra-deepwaters of the world. Drilling in a well in water more than 5,000…
The blame cycle that has emerged about which company caused the collapse of the Deepwater Horizon rig has come around to a cement plug. The “device” is supposed to seal the pipe…
