BP Share News (BP.)

BP To Freeze Wages As Crude Price Plunges

UK Earnings, Trading Statements Calendar - Week Ahead

BP's Skarv gas outage to last at least until mid-Feb

OSLO, Jan 27 (Reuters) - Gas production capacity at BP's Skarv field offshore Norway is likely to remain reduced by 40 percent until mid-February due to an ongoing outage, a spokesman said on Tuesday. The floating production, storage and offloading vessel (FPSO) has a capacity to produce 1

UK BROKER RATINGS: Exane BNP Prefers Shell Over BP And BG

Sector movers: Energy stocks and airlines lead advance

Energy stocks finished the session higher after the secretary general of the Organisation for Petroleum Exporting Countries (OPEC) warned that the price of crude could rebound as high as $200, if circumstances forced the hand of producers, way higher than the record-high of $147 a barrel it hit in 2

UPDATE 1-BP Whiting refinery completes 90,000 bpd CDU restart - sources

(Adds BP declines comment, details on units) HOUSTON, Jan 26 (Reuters) - BP Plc's 413,500-barrel-per-day (bpd) Whiting, Indiana, refinery has completed the restart of a 90,000-bpd crude distillation unit and is working to boost its production to planned output levels, sources familiar with

UPDATE 1-Oil major BP freezes pay in 2015 to cut costs

* Steps follows $1 billion redundancy plan * CEO Dudley cites tougher external environment * Majors have been slashing costs to protect dividend (Adds comment from BP, details about salaries) By Dmitry Zhdannikov and Ron Bousso LONDON, Jan 26 (Reuters) - BP is freezing b

BP Whiting refinery completes 90,000 bpd CDU restart - sources

HOUSTON, Jan 26 (Reuters) - BP Plc's 413,500-barrel-per-day (bpd) Whiting, Indiana, refinery has completed the restart of a 90,000-bpd crude distillation unit and is working to boost its production to planned output levels, sources familiar with plant operations said on Monday. Energy indu

Oil major BP freezes pay in 2015 to slash costs - memo

LONDON, Jan 26 (Reuters) - Oil major BP is putting in place a group-wide base pay freeze for 2015 as it seeks to cut cost amid sinking oil prices, an internal memorandum from the company said. "The tougher external environment in 2015 means that our businesses and functions need to work...t

Azeri state firm SOCAR raises oil output to 8.4 mln tonnes in 2014

BAKU, Jan 26 (Reuters) - Azeri state energy company SOCAR increased oil production to 8.4 million tonnes in 2014 from 8.3 million in 2013, and its natural gas output rose to 7.2 billion cubic metres (bcm) from 7.1 bcm, a source at the firm said. That contrasted with national crude and conde

UK dividend payouts to increase in 2015, boosted by surging dollar

Companies in the UK are set to pay out more on dividends this year, according to Capita's January dividend monitor, with Big Oil remaining a sector where the dividend is sacrosanct. Firms will boost their regular dividends by 5.7% to reach £83.6bn and may even top 7%, were it not for Vodafone, whic

Egypt awards $2.2 bln LNG tender to 4 foreign firms-state gas board

CAIRO, Jan 25 (Reuters) - Egypt's state gas board has awarded a $2.2 billion tender to import 75 cargoes of liquefied natural gas (LNG) to four international firms, its chairman said on Sunday, as the country seeks new energy sources. Declining production and increasing consumption has turn

RPT-Oil majors to preserve dividends despite oil collapse, tap debt

(Repeats Jan. 23 item) By Ron Bousso and Dmitry Zhdannikov LONDON/DAVOS, Jan 23 (Reuters) - Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and their strategies to cope with the o

UPDATE 1-No time set for CDU restart at BP Whiting refinery -sources

(Adds BP no comment, details) HOUSTON, Jan 23 (Reuters) - There has been no time set for restarting a 90,000-barrel-per-day (bpd) crude distillation unit at BP Plc's 413,500-bpd refinery in Whiting, Indiana, which was shut a day earlier, sources familiar with plant operations said on Friday

Oil majors to preserve dividends despite oil collapse, tap debt

By Ron Bousso and Dmitry Zhdannikov LONDON/DAVOS, Jan 23 (Reuters) - Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and their strategies to cope with the oil prices collapse that caugh