BP Share News (BP.)

UPDATE 1-Oil traders storing crude for profit as contango takes hold

(Adds details, comments, examples) By Claire Milhench LONDON, Aug 20 (Reuters) - Oil traders have begun fixing tankers to take North Sea, West African and Arab crudes to South Africa for storage, hoping for a repeat of the multi-million dollar bonanza they reaped in 2008-2009. S

BP hires head of U.S. shale unit before spin-off

LONDON, Aug 20 (Reuters) - Oil major BP has appointed a chief executive to look after its U.S. onshore oil and gas assets, months ahead of its plan to spin off the business to boost the profitability of its shale gas portfolio in the country. SandRidge Energy Inc's former Chief Operating Of

Oil traders storing crude for profit as contango takes hold

LONDON, Aug 20 (Reuters) - Oil traders have begun fixing tankers to take North Sea, West African and Arab crudes to South Africa for storage, hoping for a repeat of the multi-million dollar bonanza they reaped in 2008-2009. Shipping fixtures show that in late July and August, BP , Mercuria,

MEDIA-BP hires chief to run its U.S. 'lower 48' onshore business - WSJ

-- Source link: (http://on.wsj.com/1mlHc7c) -- Note: Reuters has not verified this story and does not vouch for its accuracy

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