BP Share News (BP.)

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

BP ceases production at Australian Bulwer Island refinery

SINGAPORE, June 3 (Reuters) - BP has ceased production at its 102,000 barrels-per-day (bpd) Bulwer Island refinery in Brisbane and is preparing to convert the site into a jet fuel import terminal, a company spokeswoman told Reuters on Wednesday. The refinery shut its major units throughout

Azerbaijan sees its annual oil output at 40-45 mln T - energy minister

BAKU, June 3 (Reuters) - Azerbaijan plans to keep its annual oil output at 40-45 million tonnes but aims to double annual natural gas production from 29 billion cubic metres (bcm) within the next few years, the country's energy minister said on Wednesday. "Annual oil production now is 42 mi

Russia's Gazprom presses on with Turkey pipeline despite questions

By Katya Golubkova, Denis Pinchuk and Orhan Coskun MOSCOW/ANKARA, June 3 (Reuters) - Russia's Gazprom plans to start building a pipeline to Turkey this month to get gas to Europe without going through Ukraine, company sources said, although it has no firm agreement with Ankara and faces opp

Global CO2 pricing seen unlikely to be big part of Paris climate deal

* No globally-linked C02 market yet * Calls mount for global carbon price By Nina Chestney and Alister Doyle LONDON/BONN, June 2 (Reuters) - A global carbon emissions pricing system pushed by top energy companies is unlikely to be a big part of any United Nations' deal to curb g

Brazilian oil fields a hard sell after crude price plunge

* Bidding round for 269 blocks scheduled for Oct. 7 * Lower oil prices force Brazil to "adjust calculations" * Country seeks to double output and exports by 2025 By Vladimir Soldatkin LONDON, June 2 (Reuters) - Brazil said on Tuesday that lower crude prices had presented a

BP pondering new projects in Russia, RIA reports

Oil giant BP is mulling new projects in Russia, according to comments made by chief executive Bob Dudley as cited by Russian state news agency RIA Novosti. Dudley said: "We have lots of ideas, we are discussing several things. I hope that we will find some suitable investment projects in Russia, in

UPDATE 1-OPEC hopes for further oil price recovery despite glut

(Adds quotes, Venezuela comment) By Alex Lawler and Rania El Gamal VIENNA, June 2 (Reuters) - Angola's oil minister said on Tuesday that $80 per barrel may be right for crude, joining a chorus of OPEC officials and delegates hoping for a further price recovery in months to come despit

Sector movers: Oil and gas stocks rise, as big tobacco, REITs trade lower

The benchmark FTSE 100 continued to lurk below the 7,000 level on Tuesday, as big tobacco and Real Estate Investment Trusts traded lower in London. At 1610 BST, the blue chip index was broadly flat at 6953.36 down a mere 0.22 points, as a class-action lawsuit in Canada ruled that British American To

Britain's BP mulling possible new projects in Russia - RIA

MOSCOW, June 2 (Reuters) - British oil major BP is considering possible new projects in Russia, including with Russian state-owned oil company Rosneft, RIA news agency quoted BP CEO Bob Dudley as saying on Tuesday. "We have lots of ideas, we are discussing several things. I hope that we wil

RPT-European oil companies rattle coal with call for fee on carbon emissions

(Repeats with no changes) By Valerie Volcovici and Bruce Wallace WASHINGTON, June 2 (Reuters) - Europe's oil and gas companies took direct aim at the coal industry Monday, calling upon governments to set a global price on carbon emissions that could dramatically drive market share fro

Magnolia Petroleum To Participate In 16 New US Wells