BP Share News (BP.)

London close: Stocks retreat as Fed rate fears outweigh ECB stimulus

One day after loose monetary policy in Europe pushed UK stocks to a new record high, fears about a sooner-than-expected tightening in the States dragged markets lower on Friday after a forecast-smashing US jobs report. Mining stocks were providing a drag in London as commodity prices weakened in the

Santander downgrades BP and Shell despite modelling higher oil price

Santander has downgraded UK oil majors Royal Dutch Shell and BP, both primarily on valuation but also with the view that both are likely to struggle in 2015. The bank downgraded BP to an 'underweight' recommendation from 'hold', and cut Shell to 'hold' from its previous 'buy' stance. On the upside,

UK MIDDAY BRIEFING: Thomas Cook Soars On Chinese Investment

UPDATE 1-BP and partners to invest $12 bln in Egypt Gas deal

(Adds details) LONDON/CAIRO, March 6 (Reuters) - British oil company BP expects to invest around $12 billion with its partners as part of a finalised West Nile Delta concession deal to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates. The supply de

TOP NEWS: China's Fosun Seals Thomas Cook Partnership With 10% Stake

BP gives green light for $12bn Egyptian investment project

BP has confirmed it is to plough ahead with its £12bn West Nile Delta (WND) project in Egypt, with production slated to begin in 2017. The oil and gas giant said the 65%-owned project would produce up to 1.2bn cubic feet a day for sale into the local market, roughly a quarter of Egypt's current gas

BP and partners to invest $12 bln in Egypt Gas deal

LONDON, March 6 (Reuters) - British oil major BP expects to invest around $12 billion with its partners as part of a finalised West Nile Delta deal to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates. BP said production from the project was expected to r

BP To Invest USD12 Billion With Partner In Egypt's West Nile Delta

UK And Mexico To Work Together On Energy As BP, Shell Sign Agreements

BP expects investment decision on Tangguh LNG expansion in 2016

SINGAPORE, March 5 (Reuters) - Britain's BP said on Thursday it expects to make a final investment decision (FID) next year on expansion of its Tangguh liquefied natural gas (LNG) in Indonesia, which will add 3.8 million tonnes per year of new capacity. A sales and purchase agreement for 40

Traders question Louisiana infrastructure for new oil storage contract

By Catherine Ngai NEW YORK, March 4 (Reuters) - A novel oil futures storage contract, which debuts as the market struggles to find places to stow oil stockpiles, may flounder because of infrastructure constraints, traders say. On Wednesday, CME Group Inc said it was starting a physically

UPDATE 1-BP Whiting small FCCU now operating normally -sources

(Adds BP no comment) March 4 (Reuters) - The 65,000 barrel per day (bpd) gasoline-producing fluidic catalytic cracking unit at BP Plc's 413,500 bpd Whiting, Indiana, refinery was operating normally on Wednesday after returning to production overnight, sources familiar with plant operations

BP Whiting small FCCU operating normally after return -sources

March 4 (Reuters) - The 65,000 barrel per day (bpd) gasoline-producing fluidic catalytic cracking unit was operating normally on Wednesday at BP Plc's 413,500 bpd Whiting, Indiana, refinery after returning to production overnight, said sources familiar with plant operations. The 65,000 bpd

UPDATE 1-Russia's Rosneft says 2014 net profit falls 10 pct

(Adds details, background) MOSCOW, March 4 (Reuters) - Rosneft, Russia's top oil producer, said on Wednesday that its 2014 net profit was 350 billion roubles ($5.7 billion), down 10 percent year-on-year, due to unfavourable economic conditions. Rosneft said its 2014 revenues were 5.5

BP to sell stake in major North Sea gas pipeline

LONDON, March 4 (Reuters) - Oil major BP has put up for sale its stake in one of Europe's biggest natural gas pipelines in the North Sea as part of its ongoing asset disposal programme. BP holds a 36 percent interest in the 404-kilometre subsea Central Area Transmission System (CATS) that r