Energy issues are mixed before the bell as oil prices nudge up.
) is up before the bell on the NYSE as CEO Tony Hayward met with
Abu Dhabi's Crown Prince Mohammed bin Zayed Al Nahyan to discuss
the possibility of the sheikhdom buying up to 10% of shares in the
company. The U.S. Environmental Protection Agency's regulatory
changes announced Tuesday to reduce smog and acid rain may lead
some energy companies to shut down some of their power plants.
Coal-fueled electricity producers American Electric Power (
) and Southern (
) are expected to be hard hit by the reform measures to take effect
) said Chevron Corp (
) lifted a force majeure on a shallow water drilling rig in the
Gulf of Mexico after Chevron received a permit to drill a new well.
Exxon Mobil (
) began evacuating non-essential personnel from offshore Gulf of
Mexico facilities ahead of a tropical disturbance. Brent crude is
up 0.6% at $71.89 a barrel on NYMEX.
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