BP Share News (BP.)

Alaska oil tax supporters fending off repeal efforts

By Steve Quinn JUNEAU, Alaska, Aug 20 (Reuters) - Alaska voters looked on track to narrowly uphold a new law that cuts taxes on oil production and is worth up to $1 billion a year to companies such as ConocoPhillips, BP Plc and Exxon Mobil Corp. With 80 percent of voting precincts rep

Azeri oil exports decline 1.5 pct in January-July 2014

BAKU, Aug 18 (Reuters) - Azerbaijan's oil exports fell 1.5 percent year-on-year in the first seven months of 2014 due to a decline in oil production at its main fields, where BP has a major interest, a source at the State Customs Committee said. The source said Azerbaijan exported 19.941 m

UPDATE 1-Sanctioned Rosneft's Norway work goes ahead with Statoil

* Rosneft continue working with the West despite sanctions * Drilling results to be analysed by the year-end (Adds detail, quote) MOSCOW, Aug 18 (Reuters) - Kremlin-controlled Rosneft said it is working with Norway's Statoil to search for oil and gas off Norway, partnering a Weste

Rosneft, Statoil start exploration for oil and gas in Norway

MOSCOW, Aug 18 (Reuters) - Russia's Rosneft and Norway's Statoil have embarked on joint exploration for oil and gas on the Norwegian continental shelf in the Barents Sea, Rosneft said on Monday. The companies expect to analyse the drilling results up until the end of this year. A subs

RPT-INVESTMENT FOCUS-Brazil seen juicing oil shares in riskier world

(Repeats Aug. 15 story; no changes to text) * Selected energy firms set to rally over next two years * Total, Galp, Repsol shares to get most production boost By Tricia Wright LONDON, Aug 15 (Reuters) - The promise of production growth in offshore Brazilian and West Africa

INVESTMENT FOCUS-Brazil seen juicing oil shares in riskier world

* Selected energy firms set to rally over next two years * Total, Galp, Repsol shares to get most production boost By Tricia Wright LONDON, Aug 15 (Reuters) - The promise of production growth in offshore Brazilian and West African oilfields is luring investors to a select batch

PRESS: Crude Prices Putting Billions In Oil Investments At Risk - Reuters

BP's Azeri oil output down in H1 y/y

BAKU, Aug 15 (Reuters) - Output from Azerbaijan's Azeri-Chirag-Guneshli (ACG) oilfields fell to an average 656,000 barrels per day (bpd) in the first half of 2014 from 672,000 bpd in the same period last year, BP-Azerbaijan said in a statement. A drop in production at the ACG fields, which

Billions in oil investments at risk from low crude prices, says Carbon Tracker

LONDON, Aug 15 (Reuters) - More than half a trillion dollars of investments in major oil projects over the next decade are at risk from high costs and low crude oil prices, an environmental think tank said on Friday, warning that shareholders' returns could suffer. To meet anticipated futur

PRESS: Sullom Voe Dispute Is Test Case For Wood Review - The Times

UPDATE 3-Mexico hopes to lure $50.5 billion in historic oil tender

(Adds details on the tender rounds, allocations, joint ventures) By David Alire Garcia and Tomás Sarmiento MEXICO CITY, Aug 13 (Reuters) - Mexico expects to attract $50.5 billion in new private and foreign investment by 2018 as part of a historic opening of its oil sector that begins

Azerbaijan oil and condensate output falls Jan-July 2014

BAKU, Aug 13 (Reuters) - Crude oil and condensate production in Azerbaijan fell to 23.535 million tonnes in January-July from 24.098 million tonnes in the same period last year, a source at the State Statistics Committee said, driven by declines at fields operated by BP. Falling output at the

Angola LNG trading arm slashes headcount in London

By Oleg Vukmanovic MILAN, Aug 12 (Reuters) - The trading arm of Angola's liquefied natural gas (LNG) export project is making deep cuts to the headcount at its London headquarters after shutting its liquefaction plant until mid-2015, two sources with knowledge of the matter said. Ango

Sector movers: Oil stocks fall on IEA demand outlook

Oil and gas stocks fell on Tuesday after the International Energy Agency (IEA) said global oil demand would increase by less than initially estimated this year. The IEA said that despite heightened geopolitical tensions in countries such as Libya, Iraq and Ukraine, "the oil market today looks bett

FTSE 100 movers: Prudential impresses with H1 profits, oil stocks fall

Insurer Prudential impressed the market on Tuesday after the insurer's US and Asia businesses helped to boost group operating profits by a better-than-expected 17% to £1.52bn in the first half, despite a drop in UK annuity sales sparked by government pension changes. Oil stocks such as Shell, BP a