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Traders will be listening for clues about possible tapering off of quantitative easing when two Fed presidents speak later on Tuesday.
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*Cyprus crisis fuels worry about contagion in euro zone. *Parliament in Cyprus rejects tax on bank deposits. NEW YORK, March 19- The S&P 500 fell for a third day on Tuesday but pared losses late in the day after the parliament of Cyprus rejected a proposed tax on bank deposits.
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*Cyprus crisis fuels worry about contagion in euro zone. *Parliament in Cyprus rejects tax on bank deposits. NEW YORK, March 19- U.S. stocks fell on Tuesday on uncertainty about how Cyprus will avoid a bankruptcy and possible reverberations in the euro zone as the region struggles to emerge from economic crisis.
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NEW ORLEANS, March 19- The chief executive of Transocean Ltd, owner of the rig destroyed after BP Plc's Macondo well blew out in 2010, told a federal judge on Tuesday that his workers made mistakes that day, but were not responsible for overall safety on the rig.
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Outside North America, the number of rigs actually drilling for oil and gas averaged 1,277 in January and February, the highest since 1983, and more than double the number operating in 1999, according to rig counts published by oil field services company Baker Hughes International on its website.
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*Cyprus crisis fuels worry about contagion in euro zone. *Walgreen rallies after Amerisource deal. NEW YORK, March 19- U.S. stocks fell on Tuesday as a planned tax on bank accounts to help pay for Cyprus's bailout appeared doomed in parliament, fueling caution on Wall Street about the euro zone crisis.
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Transocean started its defense Monday at a trial designed to determine the cause and assign fault for the 2010 oil spill in the Gulf of Mexico.
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LONDON, March 15- Diesel is now six times more expensive than natural gas on an energy-equivalent basis in the United States, a gap that is unsustainable. As Herbert Stein, chief economist to President Richard Nixon noted, if something cannot go on forever, it will stop. Half of all refuse trucks sold in the United States last year run on gas.
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China's plans to unlock what could be the world's biggest shale gas reserves risk running further off track after 16 firms recently awarded exploration rights lacked one core skill - not one has drilled a gas well before.
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*China has seen little commercial shale production so far. BEIJING, March 11- China's plans to unlock what could be the world's biggest shale gas reserves risk running further off track after 16 firms awarded exploration rights in the latest auction lacked one core skill- not one has drilled a gas well before.
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LONDON, March 6- Unless prices for natural gas and crude start to converge soon in the United States, the overwhelming incentive to switch to dual fuel engines which use a mix of diesel and natural gas will be overwhelming. It will oust oil-based fuels from a huge range of applications, ranging from trains, ships and trucks to industrial engines.
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NEW ORLEANS, March 5- Transocean's Randy Ezell is still haunted nearly three years later by the explosion on the Deepwater Horizon drilling rig that killed 11 fellow workers and left him buried in a pile of debris, Ezell testified on Tuesday.
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March 5- A U.S. civil trial has been set for Aug. 25, 2014, regarding accusations that BP Plc committed fraud by misleading shareholders before and after the 2010 Gulf of Mexico oil spill about its ability to respond to the accident.
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The U.S. Justice Department, Gulf Coast states and plaintiffs are suing well operator BP, rig owner Transocean Ltd, well cement provider Halliburton Co and others.
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NEW ORLEANS, Feb 28- BP Plc's investigation of its 2010 Gulf of Mexico well rupture and oil spill did not address cost overruns, the executive who ran the probe testified on Thursday.
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NEW ORLEANS, Feb 27- BP Plc took chances drilling its doomed Macondo well long before it ruptured in 2010, a well design and pressure expert said on Wednesday in the second day of testimony in the civil trial over the Gulf of Mexico oil spill.
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NEW ORLEANS, Feb 27- BP Plc took chances drilling its doomed Macondo well long before it ruptured in 2010, a well design and pressure expert said on Wednesday in the second day of testimony in the civil trial over the Gulf of Mexico oil spill.
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NEW ORLEANS, Feb 26- After hearing claims that BP Plc put profits above safety in the first day of court testimony over the 2010 Gulf of Mexico disaster, a senior executive for the oil company insisted the blame should be shared.
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NEW ORLEANS, Feb 26- BP Plc fostered a culture that put cost-cutting over safety before the deadly 2010 Gulf of Mexico oil spill, a noted forensic engineer said in the first day of testimony in the federal civil trial centered on the disaster.
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NEW ORLEANS, Feb 26- BP Plc fostered a culture that put cost-cutting over safety before the deadly 2010 Gulf of Mexico oil spill, a noted forensic engineer said in the first day of testimony in the federal civil trial centered on the disaster.
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A long-awaited trial over the biggest U.S. offshore oil spill began on Monday, with governments, businesses and individuals blaming BP Plc mostly for the 2010 disaster that killed 11 rig workers and spilled 4 million barrels of oil into the Gulf of Mexico.