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  • BP pays up Thursday, 2 Jul 2015 | 9:00 AM ET
    BP pays up

    BP will pay $18.7 billion to settle Deepwater Horizon oil spill claims by five states and the federal government.

  • July 2- BP Plc has reached an agreement with the United States and affected state governments to settle damages claim from the Gulf of Mexico oil spill in 2010, Bloomberg reported. The terms of the agreement are not available, Bloomberg said, citing a person with knowledge of the matter. A BP spokesman contacted by Reuters declined to comment.

  • Early movers: HNT, TSLA, POT, AN, FDO, GE & more Thursday, 2 Jul 2015 | 7:53 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Halfway through the Halftime Portfolio challenge Wednesday, 1 Jul 2015 | 4:28 PM ET
    Halftime Portfolio: Comeback plan

    Halfway through the Halftime Portfolio competition. All but two competitors are outperforming the S&P 500 so far.

  • WASHINGTON, June 29- The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill. The high court left in place a June 2014 ruling by the New Orleans- based 5th U.S. Circuit Court of Appeals, which said the companies were liable for civil...

  • WASHINGTON, June 29- The U.S. Supreme Court on Monday rejected bids by BP Plc and Anadarko Petroleum Corp to avoid penalties under federal pollution law in connection with the 2010 Gulf of Mexico oil spill.

  • June 25- Penn Virginia Corp's shares rose as much as 23 percent on Thursday following a report that BP Plc had offered to buy the U.S. oil and gas producer for $8 per share. The offer, which values the company at about $573 million, represents an 80 percent premium to Penn Virginia's Wednesday close of $4.45. Penn Virginia has rejected the offer, saying it undervalues...

  • Penn Virginia shares rise on report of BP offer Thursday, 25 Jun 2015 | 12:45 PM ET

    June 25- Penn Virginia Corp's shares rose as much as 15.5 percent on Thursday following a report that BP Plc had offered to buy the U.S. oil and gas producer for $8 per share. The offer, which values the company at about $573 million, represents an 80 percent premium to Penn Virginia's Wednesday close of $4.45. Penn Virginia has rejected the offer saying it...

  • CHICAGO, June 24- FOR LET: 36,000 square-foot cave in central Chicago. When CME Group Inc's futures pits in the cavernous trading floor at the Chicago Board of Trade building fall quiet next month, real estate broker Holly Duran will be working overtime to find a tenant to occupy a storied piece of America's financial history. Prospective candidates could...

  • This oil giant is set to rally: Trader Monday, 22 Jun 2015 | 4:29 PM ET
    The In Amenas Gas Plant facility, Algeria

    Despite continued uncertainty in the energy space, one trader says a combination of unusual activity and strong charts could mean a big bounce for BP.

  • Europe closes higher despite Greek crisis Friday, 19 Jun 2015 | 11:31 AM ET
    Greece debt Euro

    European equities closed mostly higher on Friday despite the failure of euro zone finance ministers to reach a deal with Greece.

  • June 18- PBF Energy Inc agreed to pay $322 million to acquire the 189,000- barrel-per-day Chalmette oil refinery in Louisiana and related assets from Exxon Mobil Corp and Venezuela's national oil company, Petroleos de Venezuela SA. The purchase marks PBF's entrance into the U.S. Gulf Coast, where it had lost out on a bid in 2011 for Texas City Refinery, then owned...

  • UPDATE 4-Tropical Storm Bill soaks Texas coast Tuesday, 16 Jun 2015 | 6:27 PM ET

    HOUSTON, June 16- Tropical Storm Bill hit the Texas coast with strong rains and high winds on Tuesday though no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state. "This is a rain event," Houston Mayor Annise Parker said at a news conference. Despite the weakening storm system,...

  • UPDATE 3-Tropical Storm Bill pelts Texas coast Tuesday, 16 Jun 2015 | 3:58 PM ET

    HOUSTON, June 16- Tropical Storm Bill punched the Texas coast with heavy rains and strong winds on Tuesday, the National Weather Service said, just three weeks after floods killed about 30 people in the state. Forecasters cautioned that tornadoes were possible across much of Texas. The watch area included Houston and central Texas, where floods over Memorial Day...

  • HOUSTON, June 15- A tropical disturbance packing heavy rains in the Gulf of Mexico was slated to drench the coast of Texas just weeks after floods killed about 30 people in the state, the National Weather Service said. Flash flood watches were in effect for central Texas and in the Houston area, regions where flooding last month turned streets into rivers,...

  • HOUSTON, June 14- Leading Gulf of Mexico oil producer Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc, said it was removing non-essential workers from offshore platforms as a precautionary measure ahead of a low-pressure storm system given an 80 percent chance of becoming a tropical cyclone in the next 48 hours. The U.S. National Hurricane Center has warned that...

  • BP penalty ruling could come very soon Friday, 12 Jun 2015 | 11:26 AM ET
    Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon in the Gulf of Mexico on April 21, 2010.

    U.S. District Judge could be close to fining energy company BP for 2010 Deepwater Horizon oil spill, the Times Picayune reported.

  • June 11- A divided federal appeals court on Thursday rejected an effort by a coalition of environmental groups to revoke federal approval of Royal Dutch Shell Plc's oil spill response plans related to drilling on Alaska's remote Arctic coast. By a 2-1 vote, the 9th U.S. Circuit Court of Appeals said the Bureau of Safety and Environmental Enforcement, which is...

  • June 11- A divided federal appeals court on Thursday rejected an effort by a coalition of environmental groups to revoke federal approval of Royal Dutch Shell Plc's oil spill response plans related to drilling on Alaska's remote Arctic coast. By a 2-1 vote, the 9th U.S. Circuit Court of Appeals said the Bureau of Safety and Environmental Enforcement, which is...

  • NEW YORK, June 7- Confectionery company Mars Inc has joined oil companies BP Plc and Royal Dutch Shell Plc to oppose planned new European financial market regulations, arguing that they would increase volatility and reduce liquidity in raw materials markets, according to a report by the Financial Times on Sunday. The companies, along with the European Cocoa...