Robert Dudley, who took the helm at BP plc late last week, on Wednesday ousted the long-time exploration and production (E&P) chief and launched a global safety division as part of a sweeping restructuring of the company’s safety and risk management practices.
Took
Articles from Took
Penn West, Mitsubishi to Partner in BC Shale
Calgary’s Penn West Energy Trust last week took on Mitsubishi Corp. (MC) as a 50-50 joint venture (JV) partner to fund natural gas development in northeastern British Columbia (BC).
August 30, 2010
California Combating Customer Disconnects
The California Public Utilities Commission (CPUC) on Thursday took steps to counter utility residential customer shutoffs, which were experienced earlier in the year among customers of the state’s major private-sector utilities. The action was prompted by what many think is fallout from the continuing economic recession and double-digit unemployment levels.
August 2, 2010
Transportation Notes
Pacific Gas and Electric did not extend a systemwide high-inventory OFO beyond Wednesday.
July 8, 2010
Tropical Activity Helps End Three-Day Futures Decline
The three-day decline in natural gas futures was brought to a halt on Wednesday as traders took stock of the market’s current position while focusing on Thursday’s fresh storage inventory data and the real possibility that the Gulf of Mexico could be staring at Hurricane Alex early next week.
June 24, 2010
BP, Anadarko Trade Barbs Over Responsibility
Last Thursday — the 59th day of the continuing Macondo well disaster in the Gulf of Mexico — BP plc CEO Tony Hayward took a tongue lashing from House lawmakers during a subcommittee hearing that shed little if any light on what caused the nation’s worst environmental catastrophe. Not long after, BP was blasted by well partner Anadarko Petroleum Corp.
June 21, 2010
Hayward’s Grilling by House Lawmakers Yields Little Insight
On the 59th day of the ongoing Macondo well disaster in the Gulf of Mexico BP plc CEO Tony Hayward took a tongue lashing from House lawmakers during a subcommittee hearing that shed little if any light on what caused the nation’s worst environmental catastrophe.
June 18, 2010
Wednesday Dip Seen as Profit-Taking With Bulls Still at the Helm
Natural gas futures traders took their foot off the accelerator on Wednesday as the July contract came off fresh highs on a round of profit-taking to close back below $5 at $4.978, down 21.1 cents from Tuesday’s finish.
June 17, 2010
Traders Note Bids Below the Market; June Adds 8 Cents
June natural gas futures rose Monday as traders noted bids below the market and took advantage of prices at the low end of the trading range. June natural gas futures rose 8 cents to $4.000 and July added 7.9 cents to $4.129. June crude oil rose 4 cents to $86.19 after trading as high as $87.15/Bbl.
May 4, 2010
Baker Hughes Merger with BJ Services Nears Completion
The Baker Hughes Inc.-BJ Services Co. marriage took a few more steps down the aisle this week as the companies received stockholder approval of the deal and reached an agreement with the U.S. Department of Justice (DOJ) on what assets they will need to divest before consummating the merger.
April 5, 2010
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