BP Share News (BP.)

Growing Chinese debt leaves Angola with little spare oil

* Debts to China climb to an estimated $25 billion * Angola has less oil to sell to plug budget holes * Other nations which borrowed using crude also face problems By Libby George LONDON, March 14 (Reuters) - Angola has found itself with a dwindling amount of crude to sell

Azerbaijan oil output down to 6.86 mln T in Jan-Feb vs. 6.95 mln T last year - source

BAKU, March 14 (Reuters) - Azerbaijan's oil output was down to 6.86 million tonnes in the January-February period compared to 6.95 million tonnes a year earlier, a source in Azerbaijan's government told Reuters on Monday. (Reporting by Nailia Bagirova, writing by Maria Tsvetkova, editing by Chr

U.S. oil drillers cut rigs for 12th week in a row -Baker Hughes

March 11 (Reuters) - U.S. energy firms this week cut oil rigs for a 12th week in a row to the lowest level since December 2009 as drillers continue to slash capital expenditures despite crude prices having apparently bottomed, data showed on Friday. Looking forward, many analysts think the ri

BP escapes U.S. lawsuits over post-Gulf spill drilling ban

By Jonathan Stempel March 11 (Reuters) - BP Plc does not have to face U.S. lawsuits by energy and drilling companies over losses they suffered from an offshore drilling ban imposed soon after the 2010 Gulf of Mexico oil spill, a federal judge ruled. U.S. District Judge Carl Barbier in

BP cancels near 30-yr sponsorship of British art gallery

LONDON, March 11 (Reuters) - British oil major BP will not renew its near 30-year sponsorship of Tate Britain art gallery, it said on Friday, weeks after posting its worst-ever annual loss that has forced it to cut spending. "We are facing an extremely challenging business environment and

BROKER RATINGS SUMMARY: Goldman Promotes Shell To Conviction Buy List

Indian firms plan to sign oil deals with Rosneft next week - sources

By Nidhi Verma and Katya Golubkova NEW DELHI/MOSCOW, March 10 (Reuters) - India plans to sign energy deals with Russian oil major Rosneft next week to buy stakes in Siberian fields, two sources privy to the deal said, as New Delhi accelerates a push to secure overseas energy assets. I

Oil under threat from stealthily building gasoline stocks

By Ahmad Ghaddar and Libby George LONDON, March 10 (Reuters) - Gasoline stocks building on both sides of the Atlantic could undercut a sustained recovery in oil prices, as crude's 30 percent rise in the last month is partly based on hopes that drivers will gobble up most global inventories

BP says maintenance planned at two Azeri platforms in 2016

BAKU, March 10 (Reuters) - BP plans to suspend two of its offshore platforms in Azerbaijan for maintenance in the course of 2016, Gordon Birrell, head of BP in Azerbaijan, Georgia and Turkey, said on Thursday. Birrell told reporters maintenance was planned at the West Azeri and Guneshli pla

BROKER RATINGS SUMMARY: Jefferies Starts Metro Bank With Buy Rating

Oil majors pay Mexico oil regulator $80 mln for deep water data

MEXICO CITY, March 9 (Reuters) - Oil companies have paid Mexico's oil regulator nearly $80 million for seismic data ahead of an auction for deep water fields, suggesting robust interest in the tender despite a lasting slump in the price of crude. Thirteen companies, including Exxon Mobil, B

Egypt's EGAS makes first LNG payments for year -sources

* First payments since terms extended to 90 days-sources * Traders estimate EGAS owes $1 billion to LNG suppliers By Sarah McFarlane and Oleg Vukmanovic LONDON/MILAN, March 7 (Reuters) - Egypt's state-owned EGAS has made its first payments to liquefied natural gas (LNG) supplier

Total, Eni bet on new finds as rivals cut costs in oil downturn

* Exploration spend to halve from 2014 peak - Wood Mac * Total cuts 2016 spend by 21 pct, less than others * Others choose to add reserves via takeovers * Shell, BP failed to replace reserves in 2015 By Karolin Schaps LONDON, March 7 (Reuters) - As oil firms slash bi

RPT-INSIGHT-Wall St vets battle BP in fallout over Canada refinery

By Jarrett Renshaw and Jessica Resnick-Ault NEW YORK, March 7 (Reuters) - A legal battle between a team of former Wall Street oil traders and behemoth producer BP plc over a remote Canadian refinery sheds rare light on the murky world of crude trading. The first salvo in the previous

INSIGHT-Wall St vets battle BP in fallout over Canada refinery

By Jarrett Renshaw and Jessica Resnick-Ault NEW YORK, March 7 (Reuters) - A legal battle between a team of former Wall Street oil traders and behemoth producer BP plc over a remote Canadian refinery sheds rare light on the murky world of crude trading. The first salvo in the previous