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BAKU, April 23 (Reuters) - Azeri state energy company SOCAR's shipyard and British oil major BP have signed a $378 million deal to design and build a subsea construction vessel for the Shah Deniz II gas project, BP said on Wednesday. Azerbaijan's biggest gas field, Shah Deniz is being devel
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LONDON (Alliance News) - Associated British Foods said Wednesday profit for the first half of the year increased, driven primarily by sales at its low-cost fashion retail chain Primark, which more than offset a substantial hit to its sugar business.
The food, ingred
LONDON (Alliance News) - UK shares are flat to higher Wednesday following a firm close in the US.
Several UK blue-chips and mid-caps - including Reed Elsevier, ARM Holdings and MoneySupermarket.com - sought to provide reassurance a
(Corrects amount paid by the govt last year to $1.5 bln, not $1 bln) CAIRO, April 22 (Reuters) - Egypt will pay about $1 billion of the money it owes to foreign oil companies within the next two months, the state's MENA news agency said, quoting Oil Minister Sherif Ismail. Egypt says
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Oil major BP is continuing its drive to off-load non-core assets by selling stakes in four Alaska North Slope oilfields to US oil & gas group Hilcorp for an undisclosed sum. BP, which is selling at least $38bn of surplus businesses to focus on key oil & gas businesses and exploration in areas such
Read moreLONDON (Alliance News) - Oil giant BP PLC Tuesday said it has agreed to sell interests in four BP-operated oilfields on the North Slope of Alaska to Hilcorp, a privately-held independent oil and natural gas exploration and production company. The sale agreement includes all of BP's interest
Read moreHOUSTON, April 22 (Reuters) - The high-stakes penalty phase of BP's trial over its role in the 2010 U.S. Gulf of Mexico oil spill will start next January, court officials said on Tuesday, and billions of dollars could be on the line. Fines under the Clean Water Act could top $17 billion, an
Read moreApril 22 (Reuters) - British oil and gas major BP Plc said on Tuesday it sold its interests in four oilfields on the Alaska North Slope for an undisclosed sum to privately held oil and gas producer Hilcorp. BP, which is one of the largest oil producers in Alaska, said the sale included BP'
Read moreJUNEAU, April 21 (Reuters) - Alaska's legislature on Monday approved Governor Sean Parnell's plan to join four energy companies in moving ahead on plans to build infrastructure to transport and market 35 trillion cubic feet of North Slope gas to be shipped by an 800-mile pipeline to a liquefied n
Read moreMOSCOW, April 21 (Reuters) - The board of Russia's top oil producer, Rosneft, has approved deals to sell more than 2 million tonnes of crude oil, worth more than $1.5 billion, to BP, the Kremlin-controlled company said in a regulatory filing on Monday. Last year, Rosneft announced deals wor
Read moreHOUSTON, April 20 (Reuters) - BP Plc restored several units to production at its 405,000 barrel per day (bpd) Whiting, Indiana refinery on Friday afternoon after they were knocked out of operation for about three hours by a malfunction, according to a local media report. Non-essential worke
Read more* Energy minister says South Stream gas project is under way * Says international oil and gas majors stick to business in Russia (Releads, adds detail, quotes) By Anastasia Lyrchikova MOSCOW, April 18 (Reuters) - Russian and international oil and gas majors are cooperating as
Read more(Adds details of case, background and comment from attorney) By Sarah N. Lynch WASHINGTON, April 17 (Reuters) - A former 20-year veteran of BP plc who oversaw the company's cleanup efforts from the Deepwater Horizon oil spill will pay more than $224,000 to settle civil charges allegin
Read moreWASHINGTON, April 17 (Reuters) - A former 20-year veteran of BP plc will pay a civil penalty to settle civil charges alleging he used non-public information during the 2010 Deepwater Horizon oil spill to commit insider-trading, U.S. regulators said on Thursday. The Securities and Exchange C
Read moreSINGAPORE, April 17 (Reuters) - The Asian gasoline crack recovered from a week's low on Thursday to reach a two-session high of $10.50 a barrel, or 13.27 percent higher than a month ago, as an outage in India impacted supplies. Essar Oil has reduced its gasoline output due to a technical prob
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