BP Share News (BP.)

UPDATE 1-Egypt extends Mediterranean gas exploration tender by two months

(Adds EGAS comment) CAIRO, May 26 (Reuters) - Egypt has extended its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, the state gas board said on Tuesday, as the country seeks to boost domestic energy production. The biddi

Egypt extends Mediterranean gas exploration tender by two months

CAIRO, May 26 (Reuters) - Egypt has extended its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, the state gas board said on Tuesday, as the country seeks to boost domestic energy production. The bidding period now runs to July

BUZZ-Australia's UGL rises on BP Australia contract

** Engineering services provider UGL Ltd rises as much as 3.9 pct ** Gets A$190 mln operations and maintenance contract by BP Australia ** Contract to operate and maintain BP's 17 fuel terminals across Australia through a 50-50 JV between BP and company ** Stock has risen 5.5 pc

UPDATE 3-Algeria's Sonatrach appoints new chief executive-sources

(Adds confirmation from presidential statement) By Lamine Chikhi ALGIERS, May 24 (Reuters) - Algeria's state energy firm Sonatrach has picked a new chief executive to replace an interim head appointed less than a year ago and has also replaced more than 20 other managers in a major sh

INSIGHT-Funds feel heat of coal and tar divestment drive

* Colleges, pension plans among those divesting * Fund firm survey shows most focused on engagement * PR pressure seen as important factor in driving change By Simon Jessop and Ron Bousso LONDON, May 24 (Reuters) - For Rivka Micklewaite and fellow students, securing a pled

Latam Crude Tenders Summary-Perenco seeks to sell Colombian Vasconia crude

NEW YORK, May 22 (Reuters) - Uruguay's state-run oil company ANCAP issued to buy 1 million barrels of medium or light sweet crude for delivery between July 15-20. For spot crude tender news stories please click.... For tenders on oil products please click: Naphtha

Broker tips: BHP Billiton, BP, Building materials sector

Investec has upgraded its stance on BHP Billiton from 'sell' to 'hold' following the spin-off of the miner's South32 portfolio this week, as well as recent reduced capital and operating cost guidance. While many of BHP's remaining key commodities at prices not seen since 2009, the broker said: "We e

London midday: Stocks hold on to gains before US CPI, Vodafone continues to rise

UK stocks held on to gains on Friday ahead of some key economic data from the States, which is forecast to show that the US remained in deflation last month. Strong gains from Vodafone, HSBC and a host of stocks in the mining sector were supporting markets in London. The FTSE 100 was up 0.37% at 7,

JPMorgan ups BP to 'neutral' but stays cautious on integrated oil sector

JPMorgan Cazenove analysts have lifted their rating on oil major BP from 'underweight' to 'neutral' but retained a gloomy outlook on the European integrated energy sector. Following recent outperformance, it recommended investors to sell shares in the sector "which will fade if the oil-price momentu

India's HPCL buys Iraq Basra Light at multi-year high premium - trade

SINGAPORE, May 22 (Reuters) - Indian refiner Hindustan Petroleum Corp Ltd (HPCL) has bought 2 million barrels of Basra Light at the highest premium in years for the Iraqi crude, traders said on Friday. HPCL bought the crude from BP via a tender at $1.40 a barrel above the grade's official s

BROKER RATINGS SUMMARY: Jefferies Raises Travis Perkins, Wolseley

London close: Stocks finish flat on global economic data comes in mixed

A barrage of mixed economic data from across the globe had an equally mixed impact on the markets on Thursday, with UK stocks finishing broadly flat after swinging between gains and losses for most of the session. Mining shares were lifted by stimulus speculation in China while the energy sector was

EU told rules on commodity price speculation risk losing their teeth

* One player could hold a position of up to 40 percent * Campaigners call on European Parliament to act * Rules would take effect from Jan. 2017 By Barbara Lewis and Huw Jones BRUSSELS/LONDON, May 21 (Reuters) - New European Union rules to crack down on speculation in food

Shell to propose BG Group auditor EY as its new assessor

Royal Dutch Shell, which is currently in the process of acquiring BG Group, will be recommending the latter's auditor Ernst & Young (EY) to shareholders as the Anglo-Dutch oil company's new auditor for the year ending 31 December, 2016. Confirming the move, EY said the proposal would be made to Shel

LONDON MIDDAY BRIEFING: Royal Mail Outlook Causes Concerns