BP Share News (BP.)

Statoil to drill for oil offshore Mexico in 2018 at earliest

OSLO, Dec 6 (Reuters) - Statoil could drill its first well in the Salina Basin offshore Mexico in 2018 at the earliest, its exploration chief told Reuters on Tuesday. Statoil on Monday was awarded oil exploration acreage offshore Mexico in partnership with BP and Total . (Reporting by Ne

Statoil, BP, Total team wins again in Mexico deep water auction

MEXICO CITY, Dec 5 (Reuters) - Mexico awarded a consortium of Statoil, BP and Total the third block tendered in the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 3 is a 1,269 square mile (3,287.1 square km) block which the energy ministry says

Statoil, BP, Total win first block in Mexico Salina Basin auction

MEXICO CITY, Dec 5 (Reuters) - Mexico awarded a consortium of Statoil, BP and Total the first block tendered in the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 1 is a 919 square mile (2381.1 square kilometer) area which the energy ministry say

UPDATE 3-Russia's Rosneft offers $9.4 bln in local bonds and eyes Egyptian investment

* State should sell 19.5 pct stake in Rosneft by end Monday * Rosneft says bonds needed for foreign projects, refinancing * Board to consider buying 35 pct stake in Eni's project in Egypt (Adds coupon rate, board meeting) By Katya Golubkova and Oksana Kobzeva MOSCOW, Dec

Rosneft may consider privatisation deal at Wednesday board meeting-sources

MOSCOW, Dec 5 (Reuters) - Russian oil major Rosneft could consider a privatisation deal at a board meeting on Wednesday, a person close to the board and a second person in the banking industry told Reuters on Monday. Under a government decree, the sale of a 19.5 percent state stake in Rosn

Mexico picks BHP Billiton for first oil farmout with Pemex

MEXICO CITY, Dec 5 (Reuters) - Australia's BHP Billiton on Monday won the contest to partner with Mexican state oil company Pemex in a joint venture to develop a deep water field in the country's untapped Gulf waters. A local unit of BHP Billiton won the rights to tie-up with Pemex on its l

BP acquires Repsol's stake in Tangguh LNG project

LONDON, Dec 5 (Reuters) - British oil company BP has acquired Spanish group Repsol's 3.06 percent stake in the Tangguh liquefied natural gas (LNG) project in Indonesia for $313 million dollars, a BP spokesman said on Monday. The purchase lifts operator BP's stake in the plant to a little mo

Russia's Rosneft board to discuss buying stake in Shorouk concession in Egypt

MOSCOW, Dec 5 (Reuters) - The board of Russia's Rosneft plans to discuss buying a stake of up to 35 percent in the Shorouk concession, offshore Egypt, the company said on Monday. The board plans to discuss the potential deal on Dec. 7. Rosneft did not provide an estimated value of the deal

Russia's Rosneft says approves bond issue worth 600 bln roubles

MOSCOW, Dec 5 (Reuters) - Russian oil firm Rosneft has approved issuing 600 billion roubles ($9.43 billion) in domestic bonds, it said on Monday. The bonds are to be sold via open subscription, the company added in a statement, which provided no timing for the placement of the bonds. Read more

RPT-Mexico deep water oil push taps data that solved dinosaur riddle

(Repeats story with no changes to text) By David Alire Garcia MEXICO CITY, Dec 5 (Reuters) - A long-awaited auction of Mexico's untapped deep water oil fields on Monday has been fueled by a nearly $3 billion boom in geological data mapping almost inaccessible deposits to open up what

RPT-BP's Mad Dog leads the oil pack's return to the Gulf of Mexico

(Repeats to widen subscription, no changes to text) By Jessica Resnick-Ault NEW YORK, Dec 5 (Reuters) - BP Plc's decision to move ahead with a $9 billion project to drill in the Gulf of Mexico is the first step toward major oil companies moving forward with U.S. offshore plans postpon

Kremlin says sure deadline for Rosneft stake sale will be met

MOSCOW, Dec 5 (Reuters) - Kremlin spokesman Dmitry Peskov told reporters on Monday he was confident the deadline for the privatisation of a 19.5 percent stake in state oil giant Rosneft would be met. The Russian government plans to complete the deal by Dec. 5. Peskov said "nuances" of the

Mexico deep water oil push taps data that solved dinosaur riddle

By David Alire Garcia MEXICO CITY, Dec 5 (Reuters) - A long-awaited auction of Mexico's untapped deep water oil fields on Monday has been fueled by a nearly $3 billion boom in geological data mapping almost inaccessible deposits to open up what the industry sees as the world's "last great p

BP's Mad Dog leads the oil pack's return to the Gulf of Mexico

By Jessica Resnick-Ault NEW YORK, Dec 5 (Reuters) - BP Plc's decision to move ahead with a $9 billion project to drill in the Gulf of Mexico is the first step toward major oil companies moving forward with U.S. offshore plans postponed during crude's price rout. Exploration and develo

LONDON MARKET OPEN: Laird And Oil Producers Down; Housebuilders Up