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Tumbling Crude Prices Puts A Dent On The Profits Of Total And BP Plc (ADR) (NYSE:BP)

Total SA (ADR) (NYSE:TOT) and BP plc (ADR) (NYSE:BP), the leading energy firms in the world, have reported a sharp drop in profits in 1Q2015 following the tumbled crude prices. However, both of the oil giants have managed to post earnings higher than the fall predicted by the analysts. Total and BP have offset the […]

BP plc (ADR) (NYSE:BP) Takes Hold Of Oil Reserves In Iraq For Payment

BP plc (ADR) (NYSE:BP) has been raising additional petroleum cargoes in recent months as payment for its work in Iraq, revealed a senior executive of the company. As part of the renewed deal with Iraq’s Oil Ministry, BP works on plugging in declining production at the Kirkuk oilfield. Kirkuk’s third formation, Khurmala’s operations are managed […]

Putin’s Deal With Exxon Mobil Corporation (NYSE:XOM) Can Be Put Under Scrutiny and Face Threat From Sanctions

Boston, MA 09/11/2014 (wallstreetpr) – Oil and natural gas are two of the major problems for the U.S. and European countries, and they are trying hard to get rid of it as soon as possible. According to reports, U.S. and European unions are all set to cut down the billions of dollars that were to […]

Transocean LTD (NYSE:RIG) Looks Forward To United States District Court Decision on Macondo Case

Boston, MA 09/08/2014 (wallstreetpr) – According to reports, Transocean LTD (NYSE:RIG) expects to get a positive result in Macondo case. The company announced recently that it received a U.S. Court decision on phase one of litigation which was related to Macondo incident which occurred in April 20, 2010. Below are the most important points of […]

Halliburton Company (NYSE:HAL) To Pay $1.1 Billion For the Settlement of All The Pending Claims

Boston, MA 09/05/2014 (wallstreetpr) – According to reports, Halliburton Company (NYSE:HAL) has decided to settle most of the claims that are running against it in U.S. District Court in New Orleans. The company was allegedly found guilty in the Deepwater Horizon oil spill in the Gulf of Mexico; therefore, quite a few claims were put against […]

Halliburton Company (NYSE:HAL) Decides To Pay $1.1B in Macondo Settlement

Boston, MA 09/04/2014 (wallstreetpr) – According to reports, Halliburton Company (NYSE:HAL) has decided to pay $1.1 billion in the settlement case of Macondo issue. The company was allegedly involved in the famous Macondo oil spill incident that took place four years back. Macondo oil spill incident: According to available information, ultra-deepwater Horizon drilling platform owned […]

Halliburton Company (NYSE:HAL) Agrees To Pay $1.1 Billion To Settle Mexico Oil Spill Case

Boston, MA 09/03/2014 (wallstreetpr) – Provider of oilfield services to exploration companies, Halliburton Company (NYSE:HAL) disclosed that it had struck a deal with most of the plaintiffs claims in respect of oil spill case in Mexico in April 2010. As a result, the company would be paying about $1.1 billion as settlement claims, including legal […]

BP plc (ADR)(NYSE:BP) Whiting Refinery Fire Leads to Unexpected Rise in Wholesale Gasoline Prices in Chicago

Boston, MA 08/29/2014 (wallstreetpr) – According to trade and industry sources of Indiana, a minor incident of fire in Whiting refinery of BP plc (ADR)(NYSE:BP) resulted in unexpected hike in wholesale gasoline prices. There was no news of any major loss as the fire could only hit a piece of equipment that was used to produce […]

The Explosion At The Refinery Of BP plc (ADR) (NYSE:BP) Was Not Detrimental, Stated Scott Dean, The Company’s Spokesman

Boston, MA 08/28/2014 (wallstreetpr) – It’s a shocking news for BP plc (ADR) (NYSE:BP), as a report in Yahoo! Finance reveals that a fire broke out at BP refinery. Reportedly, an explosion has set fire at a refinery of the company in Whiting, Indiana. Due to the fire, almost all homes in the neighbourhood of […]

BP plc (ADR) (NYSE:BP) Associate Company Gets The Nod For 14th Offshore Production Facility

Boston, MA 08/19/2014 (wallstreetpr) – BP plc (ADR) (NYSE:BP) associate, BP Trinidad and Tobago has received the nod for the Juniper offshore gas project. It is a new project for the associate company where is will look after the construction of unmanned platform and related subsea infrastructure. The New Project The fabrication work of Juniper […]

BP Plc (ADR) (NYSE:BP)’S Ex-Executive, David Rainey To Go Under Trial For Information Concealing Case In Context With 2010 Oil Spill Soon

Boston, MA 08/12/2014 (wallstreetpr) – Things may become strenuous for the ex-executive of BP plc (ADR) (NYSE:BP), David Rainey, as the trial may begin soon. It is expected that the trial in case of Rainey causing hindrance in congressional investigation of Gulf of Mexico oil spill case of 2010 may begin in March 9, 2015 week. […]

BP PLC (ADR) (NYSE:BP) Concerned over Further Russia Sanctions

Boston, MA 07/30/2014 (wallstreetpr) – BP PLC (ADR) (NYSE:BP) remains worried that further sanctions imposed on Russia could considerably hurt its business in the country and that of Russian state oil company Rosneft. The giant oil company acknowledged that to date; the sanctions have not had a substantial effect on its business but warned of […]

Goldman Sachs Group Inc (NYSE:GS) To Pay $67 Million In Leveraged Buyouts Litigation Settlement

Boston, MA 06/13/2014 (wallstreetpr) – Goldman Sachs Group Inc (NYSE:GS) and Bain Capital, LLC reported settling a lawsuit which alleged the two of decreasing the prices of leveraged buyouts through conspiracy before the financial crisis. The agreement demands Goldman to pay $67 million in compensation, while Bain Capital Partners needs to pay a compensation of […]

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