BP Share News (BP.)

LONDON MARKET COMMENT: Stocks Lower As US Employment Rise Hits Sterling

FTSE 100 movers: Supermarkets lower, oil and mining stocks surge

UK stocks were trading firmly in the red on Friday, as Greece missed the deadline for its €300m payment and OPEC decided against curbing oil production. Sector-wise, gains made by oil stocks and miners were offset by weakness across construction and food retailer stocks. As of 14:00 BST, the FTSE 1

RPT-This time, low price signals longer-lasting retrenchment for oil industry

(Repeats story that ran on Thursday, with no changes) * Industry slashes costs after price drop * Longer period of low prices means sustainable cost cuts * Standardisation taking place, but at slow pace By Ron Bousso and Claire Milhench LONDON, June 4 (Reuters) - The

This time, low price signals longer-lasting retrenchment for oil industry

* Industry slashes costs after price drop * Longer period of low prices means sustainable cost cuts * Standardisation taking place, but at slow pace By Ron Bousso and Claire Milhench LONDON, June 4 (Reuters) - The slump in crude prices has jolted the oil industry into deep

UPDATE 2-Snam considers stake of up to 20 pct in TAP pipeline project

(Adds comments on ENEL LNG project, risk profile) By Geert De Clercq PARIS, June 4 (Reuters) - Italian gas infrastructure company Snam could take a stake of up to 20 percent in the project to build the Trans Adriatic Pipeline (TAP) that will carry gas from Azerbaijan to Europe, its ch

Snam considers stake of up to 20 pct in TAP pipeline project

PARIS, June 4 (Reuters) - Italian gas infrastructure company Snam could take a stake of up to 20 percent in the project to build the Trans Adriatic Pipeline (TAP) that will carry gas from Azerbaijan to Europe, its chief executive said on Thursday. CEO Carlo Malacarne said that as gas buyers

UPDATE 1-Azerbaijan to produce 40.7 mln T of oil, 30.2 bcm of gas in 2015-SOCAR

(Adds more info, background) BAKU, June 4 (Reuters) - Azerbaijan plans to produce 40.7 million tonnes of oil and 30.2 billion cubic metres (bcm) of natural gas in 2015, a senior official at Azeri state energy firm SOCAR said on Thursday. This compares with 41.9 million tonnes of oil a

Shell CEO Stresses Importance Of Gas In Transition To Cleaner Energy

Striking BP-Husky Toledo refinery workers ratify new contract

HOUSTON, June 3 (Reuters) - Striking union workers at a joint BP Plc and Husky Energy refinery in Toledo, Ohio ratified a new contract on Wednesday and are due to return to work on Monday, four months after walking off their jobs, a refinery official said. Negotiators for the United Steelwo

Focus on nuclear and shale, not carbon, Chevron boss tells Europe

VIENNA, June 3 (Reuters) - Chevron Chief Executive Officer John Watson on Wednesday rejected calls by European peers to introduce a price for carbon emissions, saying the region should instead focus on shale gas and nuclear power. In a blunt speech to the OPEC seminar in Vienna, Watson elab

Big Oil chiefs tell OPEC they're adapting to price shock

By Dmitry Zhdannikov and Shadia Nasralla VIENNA, June 3 (Reuters) - Six months after OPEC upended oil markets and sent prices crashing, the head of U.S. oil giant ExxonMobil has an unusual message for the cartel: thanks. While Exxon and other large oil companies have been forced to sl

Oil majors' climate call exposes U.S.-Europe rift on carbon pricing

* U.S. and European majors have held talks for joint initiative Exxon wants carbon tax to be revenue-neutral * European majors acted together more quickly LONDON, June 3 (Reuters) - The failed attempt by the world's oil majors to speak on climate change action with one voice has laid

BP CEO sees oil price "softness" in second half of 2015

VIENNA, June 3 (Reuters) - BP Chief Executive Bob Dudley said on Wednesday he sees "some softness" in oil prices in the second half of the year as global supplies continue to grow. "Supply growth continues to go up. We are at a balance with the supply and demand right now," he said on the s

UPDATE 1-BP says to suspend operations at Caspian Sea platform for maintenance

(Adds background) BAKU, June 3 (Reuters) - British oil company BP will suspend operations at Chirag, one of its platforms in the Caspian Sea, for planned maintenance in two months, BP-Azerbaijan's head said on Wednesday. "After the Azeri (platform) we will stop Chirag within two month

BP says to suspend operations at Caspian Sea platform for maintenance

BAKU, June 3 (Reuters) - British oil company BP will suspend operations at Chirag, one of its platforms in the Caspian Sea, for planned maintenance in two months, BP-Azerbaijan's head said on Wednesday. "After Azeri (platform) we will stop Chirag within two months," Gordon Birrell told repo