BP Share News (BP.)

Tuesday preview: BP and Shell report quarterly results

(ShareCast News) - BP is on Tuesday expected to reveal its profits more than halved in the three months to September as low oil prices continue to weigh. The oil producer is forecast to post quarterly underlying profits of $780m, down from $1.8bn in the same period a year earlier, as oil prices aver

REFILE-UPDATE 1-Norway expects up to 15 development plans from oil firms in 2017/2018

(fixes typo in headline) BODOE, Norway, Oct 31 (Reuters) - Oil firms are expected to submit up to 15 development plans for oil and gas fields off Norway over the next two years, the head of the Norwegian Petroleum Directorate told Reuters on Monday. Oil firms worldwide have been slash

Aker BP sees more Sverdrup capex cuts; dividend floor $0.185 per quarter

OSLO, Oct 31 (Reuters) - ** Aker BP, partner at Norway's giant Johan Sverdrup oil field, expects further capex cuts at the field ** CEO Karl Johnny Hersvik says "I will leave it to the operator but the markets are continuing to be bearish. There is a lot of work to be done, also rega

Norway expects up to 15 developments plans from oil firms in 2017/2018

BODOE, Norway, Oct 31 (Reuters) - Oil firms are expected to submit up to 15 development plans for oil and gas field off Norway over the next two years, the head of the Norwegian Petroleum Directorate told Reuters on Monday. "There will probably 10-15 development plans over the next two year

Newly formed Aker BP beats Q3 earnings forecast, sets dividend

OSLO, Oct 31 (Reuters) - Norwegian oil firm Aker BP reported inaugural earnings ahead of analysts' expectations for the third quarter on Monday and said it would initially pay a dividend of at least $250 million per year. Operating profit before depreciation and amortisation (EBITDA) stood

LONDON MARKET CLOSE: Stocks Recoup Early Losses To End Week Higher

WRAPUP 1-Russia to push ahead with asset sales, starting with Rosneft stake

(Adds details, background, quotes, wraps stories) * Govt to sign decree on 19.5 pct Rosneft stake sale -source * Budget to receive proceeds via Rosneftegaz dividends - source * Budget should get cash from privatisation by Dec 31 * If plan fails, cash to be taken from Rosne

UPDATE 2-Total beats Q3 forecast helped by cost cuts, new projects and renewables

* Cost cuts ahead of schedule * Rival Eni reports net loss * Shares down alongside broader market (Adds details on New Energies, production, dividend) By Bate Felix PARIS, Oct 28 (Reuters) - France's Total battled lower refining margins to beat third-quarter profit expec

BUZZ-BP says trading chief to retire next year

Oct 28 (Reuters) - ** British oil major BP says Paul Reed, chief executive of its trading division, will retire at the end of March 2017 ** Group Treasurer Alan Haywood will replace him ** Haywood was previously Head of Commercial Development at the trading unit ** Reed chose

UPDATE 1-Russia to order 19.5 pct Rosneft stake sale next week - source

* Govt to order 19.5 pct Rosneft privatisation next week - source * Budget to receive proceeds via Rosneftegaz dividends - source * Budget should get cash from privatisation by Dec 31 * If plan fails cash to be taken from Rosneft - source (Adds details, quotes, background)

Russian govt to order sale of 19.5 pct Rosneft stake early next week - source

MOSCOW, Oct 28 (Reuters) - Russia's government plans to issue an order to proceed with the privatisation of a 19.5 percent stake in state oil firm Rosneft early next week, a government source told reporters on Friday. The source said the budget should receive proceeds from the sale by Dec.

Russian antimonopoly watchdog receives Rosneft's bid for entire Bashneft

MOSCOW, Oct 28 (Reuters) - Russian anti-monopoly agency said on Friday it had received a bid for 100 percent of oil company Bashneft from Russian oil giant Rosneft. The agency said it would review the bid within a month, a deputy head of the anti-monopoly body Anatoly Golomolzin told Reuter

Russia's Rosneftegaz may deposit up to 1.8 trln roubles at Gazprombank - sources

MOSCOW, Oct 27 (Reuters) - Russia's state energy holding Rosneftegaz could deposit up to 1.8 trillion roubles ($28.61 billion) at Gazprombank, two sources familiar with the matter told Reuters. The sources asked not to be named due to sensitivity of the matter. The economy ministry and Gazp

Russia says Rosneft privatisation process is nearing completion

MOSCOW, Oct 26 (Reuters) - Russian economy minister Alexei Ulyukayev said on Wednesday that the privatisation process of Russian oil giant Rosneft was close to a completion. Russia hopes to raise around 700 billion roubles ($11.2 billion) from the sale of a 19.5 percent stake in Rosneft thi

Foreign firms to increase spending on Iraqi oil fields in Basra - SOC executive

BAGHDAD, Oct 24 (Reuters) - Foreign oil companies will increase their investments to increase output in Basra, the main producing region of Iraq, state-owned South Oil Company Deputy Director General Salah Mahdi told Reuters on Monday. The companies'investment budget increased to $7.29 bill