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BP plc (ADR) Will Take Further $1.7 Billion Q4 Charge for Gulf Spill Claims

8m investorplace
The cost to BP plc (ADR) (NYSE:BP) for the Deepwater Horizon disaster continues to rise, with the company’s latest announcement that it would take a $1.7 billion charge in its fourth-quarter earnings because of settlement claims related to the 2010 Gulf of Mexico incident. BP stock was trading down about 1.5% this morning in London. (36-0)

ADES extends three major contracts in the Gulf of Suez

2018-01-11 worldoil
LONDON and DUBAI -- ADES International Holding Ltd., the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has successfully extended two existing contracts for Admarine II, Admarine IV and renewed its lease for Admarine VI, all of which are in the Gulf of Suez area. (36-0)

Short Sellers Keep Backing Off Major Oil Stocks

2018-01-11 247wallst
Crude oil reached above $63 a barrel for the first time in over two years this week. The price held relatively steady above $50 for most of 2017, but with this recent push the $70 price level is easily in sight. The current crude price still pales in comparison to what it was in 2014. (52-0)

[Press] ADES Extends Three Major Contracts in the Gulf of Suez

2018-01-11 oilvoice
(London & Dubai, 11 January 2018) ADES International Holding Ltd. (LON: ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle Eastand Africa through its subsidiaries, has successfully extended two existing contracts for Admarine II, Admarine IV and renewed its lease for Admarine VI, all of which are in the Gulf of Suez area. (36-0)

Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory

2018-01-11 rigzone
(Bloomberg) -- New York City’s effort to hold oil and gas producers responsible for costs related to the environmental effects of their products faces an uphill battle as it tries to stretch current law to address climate change. (63-0)

UPDATE 1-New York sues fossil fuel majors, plans divestment from pension funds

2018-01-10 reuters
NEW YORK (Reuters) - New York City announced on Wednesday that it filed a multibillion dollar lawsuit against five top oil companies, citing their “contributions to global warming,” as it said it would divest fossil fuel investments from its $189 billion public pension funds over the next five years. (63-0)

New York sues fossil fuel majors, plans divestment from pension funds

2018-01-10 reuters
NEW YORK, Jan 10 (Reuters) - New York City on Wednesday filed a multibillion dollar lawsuit against five top fossil fuel companies, citing their “contributions to global warming,” as it unveiled a plan to cut fossil fuel investments from its $189 billion public pension funds over the next five years. (63-0)

Exxon, BP, Chevron Should Pay for Climate Costs, N.Y. Says - Bloomberg

2018-01-10 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (63-0)

UPDATE 1-Trump administration bars oil drilling off Florida after governor's plea

2018-01-10 reuters
WASHINGTON (Reuters) - President Donald Trump’s administration will not allow drilling for oil and gas off the coast of Florida after urging from the state’s governor, Interior Secretary Ryan Zinke said on Tuesday. (36-0)

10 Dividend Stocks You Can Set and Forget | InvestorPlace

2018-01-09 investorplace
Tired of keeping a close eye on financial news and popping in and out of positions in an effort to get the most out of an increasingly volatile market? (135-1)

Anadarko discussing Mozambique LNG supply with Chinese buyersAnadarko discussing Mozambique LNG supply with Chinese buyers

2018-01-09 worldoil
JOHANNESBURG (Bloomberg) -- Anadarko Petroleum is in talks to sate China’s increasing appetite for liquefied natural gas from its planned development in Mozambique. (80-0)

Big Oil Finds Hurdles in Trump's 'America-First' Tax Plan

2018-01-08 rigzone
(Bloomberg) -- For Big Oil, the U.S. tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas. (63-0)

U.S. offers drillers nearly all offshore waters, but focus is on eastern Gulf

2018-01-08 in.reuters
HOUSTON/WASHINGTON (Reuters) - President Donald Trump’s administration has proposed opening up nearly all of America’s offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of it, now cordoned off by the Pentagon: the eastern Gulf of Mexico. (101-0)

Big Oil Finds Hurdles Buried in Trump’s ‘America-First’ Tax Plan - Bloomberg

2018-01-08 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (65-0)

U.S. offers drillers nearly all offshore waters, but focus is on eastern Gulf

2018-01-08 reuters
HOUSTON/WASHINGTON (Reuters) - President Donald Trump’s administration has proposed opening up nearly all of America’s offshore waters to oil and gas drilling, but the industry says it is mainly interested in one part of it, now cordoned off by the Pentagon: the eastern Gulf of Mexico. (101-0)