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BP to Settle Federal, State and Local Deepwater Horizon claims

Jul 02 2015 @ 17:09
Five years on from the Deepwater Horizon accident and spill in 2010, BP has reached agreements in principle to settle all federal and state claims arising from the event. BP today announced that its US Upstream subsidiary, BP Exploration and Production Inc (BPXP) has executed the agreements with the US federal government and five Gulf […]
 

BP Settles Deepwater Horizon Spill for $18.7 Billion

Jul 02 2015 @ 10:15
The share price of BP (LSE:BP.) has gained 4.60% today on the heels of the announcement that BP has agreed to an $18.7 billion settlement with the U.S. federal government and the five affected states on the U.S. Gulf Coast (Texas, Louisiana, Mississippi, Alabama and Florida). U.S. Attorney General Loretta Lynch noted that “If approved […]
 

Minassian Is a Voice Crying in the Wilderness

Jul 01 2015 @ 10:23
When I logged on to my computer this morning, the first thing I wanted to see was how, if at all, the Greek debt crisis was resolving, especially considering that I proposed yesterday that I expected that, after all the posturing and political rhetoric, a deal would be struck. When I came to the ADVFN […]
 

Northcote Energy discuss sale of non core asset

Jun 29 2015 @ 13:30
Divestment of Interest in East Blackwell Northcote (AIM:NCT) has, in line with its strategy to dispose of certain non-core assets in its portfolio, it has sold its 100% working interest in the East Blackwell Skinner Sand Unit in Kay County, Oklahoma to a private party for US$75,000 in cash. East Blackwell has historically contributed approximately […]
 

Savannah Resources: placing of £0.55 million to support development of Mutamba/ Jangamo JV Project

Jun 29 2015 @ 13:28
Cash Placing of £0.55 Million Savannah Resources (LSE:SAV), advises that it has raised approximately £0.55 million cash (before expenses) through the placing of 21,900,000 new ordinary shares at a placing price of 2.5p per ordinary share with both new and existing investors. RFC Ambrian Limited acted as broker to the Placing. Savannah’s Chief Executive Officer, […]
 

Bp report first Clair Ridge Topside Modules installed

Jun 29 2015 @ 13:23
Along with its co-venturers, BP is in the middle of a five year, £7 billion investment programme in the North Sea, including major projects in the central North Sea and Shetland area. BP and its co-venturers, ConocoPhillips, Chevron and Shell, have confirmed the safe installation of the new Clair Ridge platform’s quarters and utilities (QU) […]
 

SCOTUS Turns Deaf Ear to BP and Anadarko

Jun 29 2015 @ 13:10
The Supreme Court of the United States makes major headlines only a few times a year, but when it does, it usually makes enough to stir up enough controversy to last well into its next session. In the past week alone the justices, in their infinite wisdom, have ruled against individual states rights with respect […]
 

ARM Holdings Loses 4% on One Analyst's Downgrade

Jun 26 2015 @ 11:11
ARM Holdings (LSE:ARM) share price, which has been doing admirably well of late, fell by more than 4% in trading today, based, it would appear on a single analyst’s rating downgrade. It must be quite a heady feeling to wield that much power over the minds of investors. I find it a bit incredulous that […]
 

Avis Budget Group and Southwest Airlines cut fresh deal

Jun 25 2015 @ 17:26
New Multi-Year Partnership Marketing Agreement Avis Budget Group, Inc. (Nasdaq:CAR) today announced that it has entered into an expanded, new multi-year partnership marketing agreement with Southwest Airlines (NYSE:LUV) which will enable the Company to promote Avis Car Rental, Budget Car Rental and Payless Car Rental offers, products and services to Southwest customers. Southwest Airlines...
 

RGS Energy discuss capitalisation structure details

Jun 25 2015 @ 17:22
Also discuss “Eliminating Subordinated Debt and Reducing Warrant Overhang” RGS Energy (Nasdaq:RGSE), a leading rooftop installers of solar equipment, has converted all of its subordinated debt to Class A common stock and entered into agreements to exchange a substantial amount of its Series A and C warrants for Class A common stock. The subordinated debt […]
 
 
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