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courtesy of BP plcBritish-based oil supermajor BP PLC (NYSE: BP) deposited a check for nearly $12.5 billion yesterday as it closed the sale of its 50% in TNK-BP to Russia’s Rosneft. The company...
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ThinkstockFrom 2007 to 2012, imports of crude oil to the northeastern U.S. have fallen from around 1.5 million barrels a day to 870,000 barrels according to the U.S. Energy Information Agency. The...
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courtesy of BP plc The long saga of BP PLC (NYSE: BP) and its operations in Russia is just about wind up. The U.K. firm today closed the sale of its 50% stake in TNK-BP to Russia’s Rosneft in...
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courtesy of AOL, IncChina’s PMI rises, but the improvement is unimpressive. (Reuters) Cyprus will keep banks closed and may nationalize pension funds. (Reuters) The Fed will hold interest rates as...
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ThinkstockThe U.S. Bureau of Ocean Energy Management (BOEM) received bids on 1.7 million acres in the U.S. Gulf of Mexico at today’s auction, but none of the bids came from BP plc (NYSE: BP)....
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ThinkstockBiofuel maker Gevo Inc. (NASDAQ: GEVO) won a partial victory in federal court yesterday when a judge ruled that its method for producing isobutanol does not infringe on a patent held by...
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ThinkstockWe have tracked the key short interest changes as of February 28 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI); BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK),...
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ThinkstockThe Brent pipeline system has been shut down for the second time this year, following the discovery of a leak at one of its platforms. The platform, called Cormorant Alpha, was shut down in...
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ThinkstockWe have tracked the key short interest changes as of February 15 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK),...
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courtesy of AOL, IncIndia increases government spending and raises taxes on the wealthy as a means to improve growth. (Reuters) Groupon Inc. (NASDAQ: GRPN) shares are pounded after a poor forecast....
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ThinkstockItaly’s gridlocked national election causes markets around the world to fall. (Reuters) Goldman Sachs Group Inc. (NYSE: GS) will cut more jobs. (Reuters) Samsung’s wide use of Google...
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courtesy of BP plcNearly three years after the explosion and sinking of an oil rig in the Gulf of Mexico that killed 11 workers and spilled 5 million barrels of oil, a federal judge in New Orleans is...
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ThinkstockApple Inc. (NASDAQ: AAPL) aggressively moves into India, with discounts on the iPhone, to get a part of the huge market. (Reuters) Japan will spend $100 billion on infrastructure to boost...
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ThinkstockBP PLC (NYSE: BP) has decided that the best way to repent from the sins it took on with the Gulf of Mexico disaster is to litigate. According to The Wall Street Journal: BP already has...
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ThinkstockReader’s Digest Bankruptcy Print journalism had a bad few days. The Reader’s Digest filed for Chapter 11 for the second time in three years, with $1.1 billion in assets and $1.2 billion...
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