(Reuters) - UniCredit is to merge the remaining assets of BPH into its
other Polish unit Bank Pekao.
Read more at Reuters.com Mergers News
other Polish unit Bank Pekao.
Read more at Reuters.com Mergers News
Showing posts with label BP. Show all posts
Showing posts with label BP. Show all posts
Friday, August 3, 2007
Tuesday, July 24, 2007
BP's Second-Quarter Profit Beats Estimates, Boosted by Record Fuel Prices
(Bloomberg) -- BP Plc, Europe's second-largest oil
company, reported better-than-expected earnings in the second
quarter, boosted by record gasoline prices.
Net income rose 1.5 percent to $7.38 billion, or 38 cents a
share, from $7.27 billion, or 36 cents, in the year-earlier
period, the London-based company said today. Earnings benefited
from the sale of a U.K. refinery. Profit excluding one-time
items and inventory changes beat estimates for the first time in
a year.
Read more at Bloomberg Energy News
company, reported better-than-expected earnings in the second
quarter, boosted by record gasoline prices.
Net income rose 1.5 percent to $7.38 billion, or 38 cents a
share, from $7.27 billion, or 36 cents, in the year-earlier
period, the London-based company said today. Earnings benefited
from the sale of a U.K. refinery. Profit excluding one-time
items and inventory changes beat estimates for the first time in
a year.
Read more at Bloomberg Energy News
Friday, July 20, 2007
Shell, BP, Volkswagen Earnings, Germany's Ifo Index: European Week Ahead
(Bloomberg) -- Earnings from Royal Dutch Shell Plc and
BP Plc, Europe's largest oil companies, GlaxoSmithKline Plc, the
world's second-biggest drugmaker and DaimlerChrysler AG, the fifth-
largest carmaker in the world, may move stock markets next week.
Companies including Siemens AG, the biggest European
engineering company and Volkswagen AG, Europe's largest
carmaker, are also expected to report earnings.
Read more at Bloomberg Stocks News
BP Plc, Europe's largest oil companies, GlaxoSmithKline Plc, the
world's second-biggest drugmaker and DaimlerChrysler AG, the fifth-
largest carmaker in the world, may move stock markets next week.
Companies including Siemens AG, the biggest European
engineering company and Volkswagen AG, Europe's largest
carmaker, are also expected to report earnings.
Read more at Bloomberg Stocks News
Tuesday, July 17, 2007
Oil Rises to $75 in New York on Expectations Refineries to Use More Crude
(Bloomberg) -- Crude oil rose above $75 a barrel in
New York for the first time in more than 11 months on
expectations that U.S. demand will rise as refiners bolster
gasoline production.
Valero Corp., Exxon Mobil Corp. and BP Plc, three of the
four biggest U.S. refiners, started up units over the past week.
A government report tomorrow may show that U.S. oil supplies
fell last week as refineries increased production. Iran, OPEC's
second-biggest producer, said there was no need for the group to
hold an emergency meeting.
Read more at Bloomberg Commodities News
New York for the first time in more than 11 months on
expectations that U.S. demand will rise as refiners bolster
gasoline production.
Valero Corp., Exxon Mobil Corp. and BP Plc, three of the
four biggest U.S. refiners, started up units over the past week.
A government report tomorrow may show that U.S. oil supplies
fell last week as refineries increased production. Iran, OPEC's
second-biggest producer, said there was no need for the group to
hold an emergency meeting.
Read more at Bloomberg Commodities News
Monday, July 16, 2007
Oil Is Steady After Nearing a Record in London on Reduced North Sea Output
(Bloomberg) -- Crude oil was little changed after
approaching a record in London, as a damaged pipeline in the
North Sea curtailed production.
Chevron Corp. and ConocoPhillips cut North Sea output last
week because BP Plc shut an undersea pipeline. Hedge-fund
managers and other speculators increased their net-long position
in New York oil futures, bets on rising prices, to the highest
in at least 13 years, according to U.S. Commodity Futures
Trading Commission data.
Read more at Bloomberg Energy News
approaching a record in London, as a damaged pipeline in the
North Sea curtailed production.
Chevron Corp. and ConocoPhillips cut North Sea output last
week because BP Plc shut an undersea pipeline. Hedge-fund
managers and other speculators increased their net-long position
in New York oil futures, bets on rising prices, to the highest
in at least 13 years, according to U.S. Commodity Futures
Trading Commission data.
Read more at Bloomberg Energy News
Brent Crude Oil Rises Above $78 a Barrel, Nearing Record on Supply Concern
(Bloomberg) -- Brent crude oil rose above $78 a
barrel, nearing a record high, as a damaged pipeline in the North
Sea curtailed supplies and as speculators made their largest bet
yet on higher energy prices.
Brent gained after a BP Plc pipeline in the North Sea shut
down, limiting output from fields run by Chevron Corp. and
ConocoPhillips. Hedge-fund managers and other speculators increased
their bets on rising oil prices to a record last week, according to
U.S. Commodity Futures Trading Commission data.
Read more at Bloomberg Energy News
barrel, nearing a record high, as a damaged pipeline in the North
Sea curtailed supplies and as speculators made their largest bet
yet on higher energy prices.
Brent gained after a BP Plc pipeline in the North Sea shut
down, limiting output from fields run by Chevron Corp. and
ConocoPhillips. Hedge-fund managers and other speculators increased
their bets on rising oil prices to a record last week, according to
U.S. Commodity Futures Trading Commission data.
Read more at Bloomberg Energy News
Sunday, July 15, 2007
Crude Oil Trades Near an 11-Month High After North Sea Production Declines
(Bloomberg) -- Crude oil traded near an 11-month
high in New York after rising last week as a pipeline shutdown in
the North Sea cut oil output and pushed Brent futures higher.
New York futures jumped 2 percent on July 13, their first
gain in three days, after Chevron Corp. and ConocoPhillips said
the closure of a BP Plc gas pipeline in the North Sea will limit
their oil output. World oil demand will rise 2.5 percent next
year to average 88.2 million barrels a day, the International
Energy Agency said in a report the same day.
Read more at Bloomberg Energy News
high in New York after rising last week as a pipeline shutdown in
the North Sea cut oil output and pushed Brent futures higher.
New York futures jumped 2 percent on July 13, their first
gain in three days, after Chevron Corp. and ConocoPhillips said
the closure of a BP Plc gas pipeline in the North Sea will limit
their oil output. World oil demand will rise 2.5 percent next
year to average 88.2 million barrels a day, the International
Energy Agency said in a report the same day.
Read more at Bloomberg Energy News
Thursday, July 12, 2007
Oil Falls on Report BP Is Starting Unit at Refinery in Whiting, Indiana
(Bloomberg) -- Crude oil and gasoline fell in New
York on a report BP Plc will begin startup today of a unit at
its Whiting, Indiana, refinery, the biggest in the Midwest.
The 235,000 barrel-a-day crude unit, which was shut July 9
for unplanned maintenance, is expected to be at full rates by
next week, a person familiar with the plant's status said. The
refinery can normally process more than 400,000 barrels of oil a
day. The unit had been expected to start up this weekend.
Read more at Bloomberg Energy News
York on a report BP Plc will begin startup today of a unit at
its Whiting, Indiana, refinery, the biggest in the Midwest.
The 235,000 barrel-a-day crude unit, which was shut July 9
for unplanned maintenance, is expected to be at full rates by
next week, a person familiar with the plant's status said. The
refinery can normally process more than 400,000 barrels of oil a
day. The unit had been expected to start up this weekend.
Read more at Bloomberg Energy News
Tuesday, July 10, 2007
Oil Trades Near 10-Month High After Gaining on Higher U.S. Gasoline Price
(Bloomberg) -- Crude oil was little changed in New
York, after rising yesterday as gasoline prices climbed on
speculation U.S. output of the fuel may slow due to unplanned
refinery shutdowns.
BP Plc closed the largest of three crude units at its
refinery in Whiting, Indiana, a person familiar with the plant
said July 9. The refinery, the biggest in the Midwest, supplies
consumers in the Chicago area. Refineries in Texas and Kansas
shut units last week. Refinery operating rates rose to 90 percent
of capacity in the week ended June 29 to meet demand.
Read more at Bloomberg Energy News
York, after rising yesterday as gasoline prices climbed on
speculation U.S. output of the fuel may slow due to unplanned
refinery shutdowns.
BP Plc closed the largest of three crude units at its
refinery in Whiting, Indiana, a person familiar with the plant
said July 9. The refinery, the biggest in the Midwest, supplies
consumers in the Chicago area. Refineries in Texas and Kansas
shut units last week. Refinery operating rates rose to 90 percent
of capacity in the week ended June 29 to meet demand.
Read more at Bloomberg Energy News
Oil Rises in New York Expectations of Decline in U.S. Gasoline Production
(Bloomberg) -- Crude oil rose, pulled higher by
gasoline on speculation that U.S. output of the fuel will slow
because of unexpected refinery shutdowns.
BP Plc closed the largest of three crude units at its
refinery in Whiting, Indiana, a person familiar with the plant
said yesterday. The refinery, the biggest in the Midwest,
supplies consumers in the Chicago area. Refineries in Texas and
Kansas shut units last week. The crude-oil market often follows
gasoline during the summer months, when motor-fuel demand peaks.
Read more at Bloomberg Energy News
gasoline on speculation that U.S. output of the fuel will slow
because of unexpected refinery shutdowns.
BP Plc closed the largest of three crude units at its
refinery in Whiting, Indiana, a person familiar with the plant
said yesterday. The refinery, the biggest in the Midwest,
supplies consumers in the Chicago area. Refineries in Texas and
Kansas shut units last week. The crude-oil market often follows
gasoline during the summer months, when motor-fuel demand peaks.
Read more at Bloomberg Energy News
Monday, July 9, 2007
BP Shuts Largest Crude Unit at Whiting Refinery in Indiana, Person Says
(Bloomberg) -- BP Plc is shutting down the largest
of three crude units at its Whiting, Indiana, refinery, the
biggest refinery in the U.S. Midwest, a person familiar with the
plant's status said.
The unit, which can process 250,000 barrels of oil a day,
is being shut for unplanned maintenance, the person said. A date
for the restart of the unit has not been determined.
Read more at Bloomberg Energy News
of three crude units at its Whiting, Indiana, refinery, the
biggest refinery in the U.S. Midwest, a person familiar with the
plant's status said.
The unit, which can process 250,000 barrels of oil a day,
is being shut for unplanned maintenance, the person said. A date
for the restart of the unit has not been determined.
Read more at Bloomberg Energy News
Thursday, July 5, 2007
UPDATE 1-UniCredit faces hurdles in Polish talks-sources
(Reuters) - MILAN, July 5 - Italian bank UniCredit
is having a rough time clinching a deal to sell 200 bank outlets
in Poland as its counterpart GE Money maintains a tough
negotiating line, sources close to the talks said on Thursday.
In April, UniCredit entered exclusive talks with GE Money,
the financial arm of U.S. giant General Electric , to sell
200 BPH bank branches along with the BPH brand and
said at the time that a deal could be sealed in May.
But more than two months after the start of negotiations, a
deal is not yet in sight, meaning UniCredit risks delaying the
planned merger of the remaining BPH outlets into its other
Polish unit Bank Pekao .
"The Americans are playing hard ball," a source told
Reuters. "They know UniCredit is in a difficult situation and
that it wants to close this deal soon."
Read more at Reuters.com Mergers News
is having a rough time clinching a deal to sell 200 bank outlets
in Poland as its counterpart GE Money maintains a tough
negotiating line, sources close to the talks said on Thursday.
In April, UniCredit entered exclusive talks with GE Money,
the financial arm of U.S. giant General Electric , to sell
200 BPH bank branches along with the BPH brand and
said at the time that a deal could be sealed in May.
But more than two months after the start of negotiations, a
deal is not yet in sight, meaning UniCredit risks delaying the
planned merger of the remaining BPH outlets into its other
Polish unit Bank Pekao .
"The Americans are playing hard ball," a source told
Reuters. "They know UniCredit is in a difficult situation and
that it wants to close this deal soon."
Read more at Reuters.com Mergers News
Wednesday, June 27, 2007
BP Agrees to Venezuelan Terms to Maintain Stake in Cerro Negro Oil Project
(Bloomberg) -- BP Plc, Europe's second-largest oil
company, signed a memorandum of understanding with Venezuela
yesterday to keep its minority stake in a heavy-oil project as
the government consolidates its control of energy assets.
BP, based in London, will retain its 16.67 percent stake in
the Cerro Negro project, which will be majority owned and
operated by state-run Petroleos de Venezuela SA, BP spokesman
David Nicholas said today. The agreement was signed yesterday.
Read more at Bloomberg Emerging Markets News
company, signed a memorandum of understanding with Venezuela
yesterday to keep its minority stake in a heavy-oil project as
the government consolidates its control of energy assets.
BP, based in London, will retain its 16.67 percent stake in
the Cerro Negro project, which will be majority owned and
operated by state-run Petroleos de Venezuela SA, BP spokesman
David Nicholas said today. The agreement was signed yesterday.
Read more at Bloomberg Emerging Markets News
Tuesday, June 26, 2007
Total still in talks on Venezuela, hopes deal on Tues
(Reuters) - On Monday, a government official told Reuters that Total,
Chevron Corp. , Norway's Statoil and Britain's
BP Plc planned to sign a nationalisation accord that
would keep them in the massive Orinoco oil reserve projects.
Read more at Reuters.com Mergers News
Chevron Corp. , Norway's Statoil and Britain's
BP Plc planned to sign a nationalisation accord that
would keep them in the massive Orinoco oil reserve projects.
Read more at Reuters.com Mergers News
Friday, June 22, 2007
BP May Lose Control of Siberian Field to Gazprom; Kremlin Meeting Called
(Bloomberg) -- BP Plc may lose control of a
Siberian gas field big enough to supply Asia for five years, a
government official said, as Russian President Vladimir Putin
ends foreign ownership of the nation's biggest energy assets.
Dmitry Medvedev, chairman of OAO Gazprom and a first deputy
prime minister, will chair a meeting in the Kremlin later today
between the Russian gas-export monopoly and BP, a Kremlin
spokeswoman said by phone, declining to be identified. Both
companies declined to comment.
Read more at Bloomberg Emerging Markets News
Siberian gas field big enough to supply Asia for five years, a
government official said, as Russian President Vladimir Putin
ends foreign ownership of the nation's biggest energy assets.
Dmitry Medvedev, chairman of OAO Gazprom and a first deputy
prime minister, will chair a meeting in the Kremlin later today
between the Russian gas-export monopoly and BP, a Kremlin
spokeswoman said by phone, declining to be identified. Both
companies declined to comment.
Read more at Bloomberg Emerging Markets News
Philippines' BPI sells bad loans to Bank of America
(Reuters) - BPI said aside from Bank of America, four other foreign
institutions submitted bids for the loans.
Philippine commercial banks' non-performing loans have
fallen to 5.27 percent of total loans as of end April from a
peak of about 18 percent in 2001.
Read more at Reuters.com Bonds News
institutions submitted bids for the loans.
Philippine commercial banks' non-performing loans have
fallen to 5.27 percent of total loans as of end April from a
peak of about 18 percent in 2001.
Read more at Reuters.com Bonds News
Subscribe to:
Posts (Atom)
