BP Share News (BP.)

UPDATE 1-Rosneft's Sechin says Russia has potential to raise oil output

* Russian oil output at record high of 11.11 mln bpd in Sept * Russia, OPEC talk cooperation * Rosneft Sechin says Moscow may add another 4 mln bpd in future (Adds details, quotes, background) By Oksana Kobzeva VERONA, Italy, Oct 20 (Reuters) - Russia, already the world'

Rosneft's Sechin says Russia has potential to raise oil output

VERONA, Italy, Oct 20 (Reuters) - Russia, already the world's top oil producer, has the potential to increase oil output further in the future by up to 200 million tonnes a year (4 million barrels per day), Rosneft Chief Executive Igor Sechin told a forum on Thursday. "In the next year and

New Mozambique energy minister appointed ahead of huge gas deals

MAPUTO, Oct 19 (Reuters) - Mozambican President Filipe Nyusi has appointed businesswoman Leticia Klemens as his new energy minister, just weeks after Maputo and Italy's Eni signed a 20-year deal to sell BP liquefied natural gas (LNG). Mozambique's official news agency AIM said Klemens was

Saudi's Al-Falih says many nations willing to join OPEC in crude output cuts

(ShareCast News) - Saudi Arabia's Energy and Industry Minister, Khalid Al-Falih, said many nations are willing to to join OPEC in cutting crude output to achieve an ongoing improvement in prices, according to reports. Speaking at the Oil and Money conference in London on Wednesday, Al-Falih said tal

European shares rise led by miners, banks; Burberry slumps

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets) Adds details, updates prices) * STOXX Europe 600 index up 1.5 pct * Basic Resources biggest sectoral gainer * Banks rise after

Deepwater projects survive low oil price, executives say

* Deepwater seen working in Brazil, Gulf of Mexico * Long-cycle projects require $60-$80/bbl oil price * World will require deepwater to meet demand By Ron Bousso and Karolin Schaps LONDON, Oct 18 (Reuters) - The deepwater oil industry is not dead, even after the brutal dr

BP eyes break-even at oil prices slightly below $55/bbl - report

(ShareCast News) - BP anticipates crude oil will trade in the range $50-$60 a barrel next year, said the company's chief executive, Bob Dudley. Dudley told the Oil & Money annual conference in London that BP would break-even at prices slightly below $55 a barrel, news agency Reuters reported. At ab

Rise of electric batteries casts shadow over oil companies, Fitch warns

(ShareCast News) - Rapid improvements in battery technology are making electric vehicles (EVs) increasingly popular and casting a significant shadow over prospects for future oil demand, a major credit agency has warned. Fitch Ratings warned that a further leap forward in battery technology would ma

BP says will break even with oil at $55/barrel in 2017 -CEO

LONDON, Oct 18 (Reuters) - BP chief executive Bob Dudley expects oil to trade at $50-$60 a barrel next year, he said on Tuesday, adding that his company would break even at prices slighly below $55. "Last year we said we needed to balance at $60 and we had a job to get it there ... Next yea

Commodities shares lead European equities higher, Burberry slumps

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets) * STOXX Europe 600 index up 1.2 pct * Commodities-related stocks in demand * Burberry slumps after update By Atul Prakash<

BROKER RATINGS SUMMARY: Merrill Lynch Downgrades Burberry To Neutral

BUZZ-Portland gasoline surges as typhoon stokes supply concerns

HOUSTON, Oct 17 (Reuters) - Portland gasoline traded at a 35-cent a gallon premium to the NYMEX RBOB contract on Monday, up almost 16 cents from Friday's levels as the remnants of Typhoon Songda stoked regional supply concerns. * Tesoro Corp and Phillips 66 on Monday said operations were no

Azerbaijan's oil output edges down 0.3 pct in Jan-Sept y/y

BAKU, Oct 17 (Reuters) - Azerbaijan produced 31.268 million tonnes of oil and gas condensate in January-September, 0.3 percent less than in the same period last year, the State Statistics Committee said on Monday. It increased its output of natural gas by 3.8 percent to 22.051 billion cubic

UPDATE 1-Iran aims for oil, gas fields tender in November

* Iran to launch tender for South Azadegan oil field * A total of 11 fields will eventually be offered - NIOC * Iran seeks to revive sector after years of sanctions (Recasts, updates throughout) By Rania El Gamal TEHRAN, Oct 17 (Reuters) - Iran will launch next month its

RPT-INSIGHT-Oil majors experiment with technology to weather crisis

(Repeats story published on Sunday) * Drones, drill design, data software, robot cleaners * Among technologies oil majors using to make savings * More cost cuts to come as companies shield dividends * Graphic on industry investment: http://tmsnrt.rs/2cG4Dj9 By Karoli