BP Share News (BP.)

LONDON MARKET CLOSE: Banks Lead Gains As M&S Heads Opposite Way

UPDATE 1-Algeria's In Amenas gas plant due back at full capacity in June - source

* In Amenas output down since 2013 militant attack * Third gas train in test production last week * Output to increase as EU, Algeria talk energy (Adds details on production, background) By Lamine Chikhi ALGIERS, May 25 (Reuters) - Algeria's In Amenas gas processing plan

Algeria's In Amenas gas plant due back at full capacity in June - source

ALGIERS, May 25 (Reuters) - Algeria's In Amenas gas plant started test production at its third train a week ago and will soon back at full capacity, more than three years after a militant attack, a source at state energy firm Sonatrach said on Wednesday. The plant's second train is in sched

UPDATE 1-BP, Azerbaijan's SOCAR outline Caspian Sea exploration deal

(Adds details, context, background) BAKU, May 25 (Reuters) - BP and Azerbaijan's state oil company SOCAR announced on Wednesday they had signed a memorandum of understanding (MoU) to jointly explore prospects in a new block, D230, in the North Absheron basin of the Caspian Sea. The mo

EBRD in talks with Azerbaijan, Turkey on funding gas pipeline

BAKU, May 25 (Reuters) - The European Bank for Reconstruction and Development (EBRD) has started talks with Azerbaijan and Turkey on its possible financing of the Trans-Anatolian gas pipeline (TANAP), an official at the bank said on Wednesday. TANAP, launched in Turkey in March 2015, aims t

Tuesday broker round-up

(ShareCast News) - Standard Chartered: Macquarie reiterates to outperform with a 440p target. Britvic: Goldman Sachs stays at buy with a 838p target. Premier Oil: JP Morgan keeps at neutral with a target price of 61p. RBS: Deutsche Bank reiterates hold with a target of 239p. BT: Macquarie reitera

UPDATE 1-Shell CEO warns renewables shift could spell end if too swift

* Shell CEO says industry needs trillions in investment * Fast switch to renewables would endanger dividends * Shareholders reject resolution to become renewables firm (Recasts, updates throughout) By Ron Bousso THE HAGUE, May 24 (Reuters) - Royal Dutch Shell cannot swi

Broker tips: Imperial Brands, Paragon Group, BP

(ShareCast News) - Barclays upgraded Imperial Brands to 'overweight' from 'equalweight' and lifted the price target to 4,200p from 3,750p, driven by more bullish medium-term expectations. The bank said organic sales momentum is improving and margin/cash generation increases underpin dividend growth

JP Morgan says BP dividend is relatively high and safe

(ShareCast News) - A lower outlook for crude oil prices in 2016, following the weak start to the year, led analysts at JP Morgan to lower their forecasts for European integrated oil companies´ earnings per share in 2016 and 2017. However, greater investor confidence in the outlook for oil prices mea

UPDATE 1-BP says Q1 oil output at Azeri projects flat at 8 mln T

(Adds detail, background) BAKU, May 24 (Reuters) - Oil output from BP-led oilfields in Azerbaijan in the first quarter of 2016 was flat year-on-year at 8 million tonnes, BP-Azerbaijan said on Tuesday. Daily oil production at the Azeri-Chirag-Guneshli (ACG) oilfields, which account fo

BP says Q1 oil output at Azeri projects flat at 8 mln T

BAKU, May 24 (Reuters) - Oil output from BP-led oilfields in Azerbaijan in the first quarter of 2016 was flat year-on-year at 8 million tonnes, BP-Azerbaijan said on Tuesday. Gas production stood at 2.7 billion cubic metres and condensate output was 0.6 million tonnes. (Reporting by Nail

Oil discoveries sink to lowest since 1952 -Morgan Stanley

* Exploration spending nearly halves after oil price drop * Poor discovery record to impact future supplies * Graphic: http://tmsnrt.rs/244afl9 By Ron Bousso LONDON, May 23 (Reuters) - Oil discoveries in 2015 fell to their lowest since 1952 as energy companies slashed expl

LONDON MARKET MIDDAY: Brexit Warnings And Oil Price Weigh On FTSE 100

Angola LNG restart and sales tender delayed-trade sources

By Oleg Vukmanovic MILAN, May 20 (Reuters) - Angola's liquefied natural gas (LNG) export plant is experiencing fresh delays in raising production and shipping a cargo, according to trade sources. The plant, shut since April 2014 following construction errors and difficulty in handling

LONDON MARKET MIDDAY: Ladbrokes Gains On Light Merger Remedies