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Share Price Information for BP (BP.)

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Share Price: 500.50
Bid: 499.75
Ask: 499.90
Change: -3.20 (-0.64%)
Spread: 0.15 (0.03%)
Open: 498.00
High: 500.50
Low: 490.65
Prev. Close: 503.70
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2nd UPDATE: US Orders BP To Report On 'Detected Seep' At Oil Well

Mon, 19th Jul 2010 02:42

(Updates with quotes from U.S. Coast Guard admiral; adds background) NEW ORLEANS (AFP)--The U.S. government on Sunday ordered BP PLC (BP) to report on a "detected seep" near the Gulf of Mexico oil well, as experts monitored the seabed for cracks after the months-long gusher was capped. "Given the current observations from the test, including the detected seep a distance from the well and undetermined anomalies at the well head, monitoring of the seabed is of paramount importance during the test period," U.S. Coast Guard Adm. Thad Allen said in a letter to BP Chief Managing Director Bob Dudley. "I direct you to provide me a written procedure for opening the choke valve as quickly as possible without damaging the well should hydrocarbon seepage near the well head be confirmed." Hydrocarbons occur naturally in crude oil, and their detection could mean that oil is seeping out from the well area. The well began gushing oil after BP's Deepwater Horizon oil rig exploded April 20 and capsized two days later, killing 11 workers. Transducers on BP's latest containment cap have given steadily increasing high-pressure readings since tests began Thursday on the well bore, which stretches down 2.5 miles (four kilometers) below the seabed. Allen, the government's pointman on the worst oil spill in U.S. history, said BP must maintain coordination with government monitors and report in no more than four hours when seeps are detected. "As a continued condition of the test, you are required to provide as a top priority access and coordination for the monitoring systems, which include seismic and sonar surface ships and subsea ROV and acoustic systems," he wrote. "When seeps are detected, you are directed to marshal resources, quickly investigate, and report findings to the government in no more than four hours." Allen demanded that BP "provide me a written update within 24 hours of your intentions going forward. I remain concerned that all potential options to eliminate the discharge of oil be pursued with utmost speed until I can be assured that no additional oil will spill from the Macondo Well." Allen earlier told reporters that testing would continue on the well in order to guard against seabed cracks. "Ultimately, we must insure no irreversible damage is done which could cause uncontrolled leakage from numerous points on the sea floor," he said. (END) Dow Jones Newswires July 18, 2010 21:42 ET (01:42 GMT)
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BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins

(Sharecast News) - BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and "significantly weaker" fuels margins as it also started a $1.75bn share buyback.

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Shell to exit South Africa's downstream businesses

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British regulator awards more North Sea oil and gas licences

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UK earnings, trading statements calendar - next 7 days

Wednesday 1 May 
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Computacenter PLCTrading Statement
Georgia Capital PLCQ1 Results
GSK PLCQ1 Results
Haleon PLCTrading Statement
HSS Hire Group PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Maintel Holdings PLCFull Year Results
Next PLCTrading Statement
Smith & Nephew PLCTrading Statement
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First Tin PLCTrading Statement
Hiscox LtdTrading Statement
International Personal Finance PLCTrading Statement
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Lancashire Holdings LtdTrading Statement
Melrose Industries PLCTrading Statement
NAHL Group PLCFull Year Results
Reach PLCTrading Statement
Shell PLCQ1 Results
Smiths News PLCHalf Year Results
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Standard Chartered PLCQ1 Results
TI Fluid Systems PLCQ1 Results
Friday 3 May 
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Trainline PLCFull Year Results
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no events scheduled 
Tuesday 7 May 
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BP PLCQ1 Results
Ebiquity PLCFull Year Results
IWG PLCTrading Statement
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MaxCyte IncQ1 Results
Trident Royalties PLCTrading Statement
Vaalco Energy IncQ1 Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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29 Apr 2024 14:21

Norway's wealth fund falls short on climate ambitions, NGO says

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