Latest Articles
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BP’s Supreme Court Appeal Rejection A Big Setback In Its Attempts To Limit Settlement Costs
In a crucial blow to BP Plc.’s (NYSE:BP) attempts of limiting charges associated with the 2010 Deepwater Horizon incident, the U.S. Supreme court recently rejected the company’s challenge to the multi-billion dollar settlement agreeme...
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Integrated Oil & Gas Round-Up Q3 2014: Upstream Production
The integrated oil and gas companies operate in both upstream and downstream segments of the industry. The upstream division of these companies is primarily responsible for exploration and production of hydrocarbons, while the downstream division...
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BP’s Q3 Earnings Reflect Signs Of Turnaround In Key Business Drivers
BP Plc.’s (NYSE:BP) third quarter earnings fell by almost a fifth, compared to last year on lower crude oil prices and weaker Russian Rouble, partially offset by thicker exploration and production (E&P) and refining margins. The company’s und...
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BP Earnings Preview: Lower Upstream Production, Thicker Downstream Margins Expected
BP Plc. (NYSE:BP) is scheduled to announce its 2014 third quarter earnings on October 28. We expect lower crude oil prices to weigh on the company’s upstream earnings growth. Benchmark crude oil prices have declined sharply over the past few week...
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BP Breaks Ground On The Southern Gas Corridor Amid Increasing EU Sanctions On Russia
At a time when EU is increasingly imposing sanctions on Russia over the Ukrainian crisis, BP Plc. (NYSE:BP) recently broke ground on the Southern Gas Corridor project in Azerbaijan. This is an important milestone for the company’s Shah Den...
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Weekly Oil and Gas Notes: Alaska LNG Project and BP’s Oil Spill Liabilities
Oil and gas stocks trended lower this week, as global crude oil prices declined on abundant supplies and indications of slower than expected demand growth. The International Energy Agency (IEA) in its latest monthly report, cut its forecast for t...
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BP’s Oil Spill Liabilities Could Rise Sharply As The Court Finds It Grossly Negligent
A U.S. federal judge has ruled that BP Plc. (NYSE:BP) was grossly negligent in the lead-up to the 2010 Deepwater Horizon incident. This could increase the London-based oil and gas giant’s total liabilities by as much as $14.5 billion. The ...
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Integrated Oil and Gas Round-Up Q2 2014: Upstream Production
The integrated oil and gas companies operate in both upstream and downstream segments of the industry. The upstream division of these companies is primarily responsible for exploration and production of hydrocarbons, while the downstream division...
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Why the Future of LNG Looks Bleak
Submitted by Wall St. Daily as part of our contributors program Why the Future of LNG Looks Bleak Conventional wisdom says that liquefied natural gas (LNG) is a “can’t lose” proposition. After all, natural gas is plentiful. And liquefying i...
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BP’s Second Quarter Results Reinforce Our Positive Outlook
BP Plc.’s (NYSE:BP) second quarter earnings rose sharply on higher commodity prices, thicker upstream margins, and the return and ramp-up of the Whiting refinery. The company’s underlying replacement cost profit, which is profit adjus...
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BP Earnings Preview: Lower Production Volume, Improvement In Refining Margins Expected
BP Plc. (NYSE:BP) is scheduled to report its 2014 second quarter earnings on July 29. Average Europe Brent crude oil prices were up by around 7% year-on-year during the second quarter and will positively impact the company’s crude oil revenues. ...
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BP Looks To Tap China’s Growing Natural Gas Demand With A $20 Billion LNG Deal
BP Plc. (NYSE:BP) is set to sign a $20 billion liquefied natural gas (LNG) deal with China National Offshore Oil Corporation (CNOOC). Through this 20-year LNG supply contract, the London-based energy giant plans to tap into the fast-growing deman...
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What Penalties Are BP And Anadarko To Face Under The Clean Water Act
A U.S. appeals court recently ruled that as the owners of the Macondo well, which blew out in April 2010 causing the worst-ever offshore oil spill incident in the U.S., both BP Plc. (NYSE:BP) and Anadarko Corp. (NYSE:APC) must face penalties un...
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BP Pins Hope On The U.S. Supreme Court To Limit Settlement Costs
In a last-ditch attempt to limit its settlement costs, BP Plc. (NYSE:BP) plans to seek review of the U.S. Supreme Court regarding the recent Fifth Circuit appeals court ruling. BP requested for “en banc” review by all the active Fift...
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The Great Oil Debate: Deepwater vs. Shale
Submitted by Wall St. Daily as part of our contributors program The Great Oil Debate: Deepwater vs. Shale Without a doubt, the United States is enjoying a major oil renaissance. And it’s occurring both onshore (with shale plays) and...
