Gulf Oil Spill

Wunderlich Securities believes that high-quality bank stocks are well priced and are providing an opportunity for investors after a summer of selloffs, according to a report released Friday morning. It said that after a series of uncertain events, such as the European debt crisis, the Gulf oil...

BP (NYSE: BP) said it began a critical test at its blown-out Gulf of Mexico oil well on Tuesday afternoon in advance of a "static kill" intended to help permanently eradicate the leak. The test will will gauge ability to pump heavy drilling mud and cement into the ruptured well. Based on the...

Sometime late on Monday or early on Tuesday, BP (NYSE: BP) expects to begin the procedure called a static kill that may finally seal its volatile oil well in the Gulf of Mexico for good, the New York Times is reporting. According to the Times report, "Engineers for the company are preparing to pump...

Tropical Storm Bonnie has forced BP (NYSE: BP) to temporarily withdraw from efforts to permanently shut the Gulf oil well, the company said. The news hasn't impacted BP's stock, as it has gained more than 1.5% in early trade Friday. "While these actions might delay the effort to kill the well for...

BP (NYSE: BP) announced Tuesday that it would sell assets worth $1.7 billion to help cover the costs of its Gulf oil spill. BP said it would sell its Vietnam pipeline and upstream assets as well as its Pakistan assets. The company has already paid $3.95 billion to cover costs associated with the...

BP (NYSE: BP) said on Friday that a pressure test on its Gulf of Mexico oil well shows no evidence of damage since the wellhead was sealed shut Thursday. According to Reuters, "Kent Wells, senior vice president of exploration and production, also said pressure continues to rise in the well as hoped...