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- Stocks trading within narrow range ahead of Fed - Fed decision due at 19:00 London time - BoE votes unanimously on policy, warns of sterling strength - UK unemployment falls to four-and-a-half-year low techMARK 2,697.26 +0.47% FTSE 100 6,492.08 +0.09% FTSE 250 15,366.70 +0.12% Markets finished b
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By Kathy Finn NEW ORLEANS, Dec 18 (Reuters) - An engineer charged with obstructing justice in connection with the 2010 BP well blowout in the Gulf of Mexico was found guilty on one count by a federal jury on Wednesday, officials said. Former BP Plc employee Kurt Mix, 52, had faced two
Read moreOil major BP announced on Wednesday afternoon that it has completed the upgrade of the Whiting facility in Northwest Indiana, designed to create one billion dollars per annum of additional future operating cash flow for the group. Whiting is BP's largest US refinery, processing 413,000 barrels per
Read moreHOUSTON, Dec 18 (Reuters) - BP Plc has finished the commissioning of all new major units associated with a $4 billion upgrade of the company's Indiana refinery to sharply increase its ability to process cheap Canadian heavy crude, the company said on Wednesday. The November startup of a new
Read moreRussia offered Ukraine a 20bn-dollar package to try to limit EU influence over the former Soviet republic, as oil giants BP and Statoil completed a big Azerbaijani gas deal that may cut EU reliance on Russian gas. Moscow has agreed to buy $15bn of Ukrainian debt and to reduce the price of Russian g
Read more* Writedown is $850 mln non-operating item, $230 mln operating * Will be taken in Q4-spokesman LONDON, Dec 18 (Reuters) - Oil company BP Plc announced a major oil discovery at its Gila prospect in the deepwater U.S. Gulf of Mexico on Wednesday along with a $1.08 billion writedown on
Read more- Taper speculation picks up ahead of Fed decision - MPC votes unanimously on policy, warns of sterling strength - UK unemployment falls to four-and-a-half-year low - Retailers under the weather techMARK 2,693.27 +0.32% FTSE 100 6,500.40 +0.22% FTSE 250 15,391.16 +0.28% UK markets held on to gains
Read more- Fed meeting in focus, decision due out after close - BoE minutes to be released this morning - M&S downgraded by UBS to 'neutral' - Oil stocks in focus after exploration updates techMARK 2,701.33 +0.62% FTSE 100 6,512.99 +0.41% FTSE 250 15,387.21 +0.25% Markets opened slightly higher on Wednesda
Read moreGeorge Osborne will today receive a veiled rebuke from the National Audit Office for claiming that he sold a substantial stake in Lloyds Banking Group at a profit for taxpayers when the transaction crystallised a loss of at least 230m pounds. The September sale of a 3.2bn-pound stake was managed eff
Read moreLONDON, Dec 18 (Reuters) - Britain's BP Plc said on Wednesday it had made a significant oil discovery at its Gila prospect in the deepwater U.S. Gulf of Mexico. "The Gila discovery is a further sign that momentum is returning to BP's drilling operations and well execution in the Gulf of Mex
Read moreOil giant BP has made its first significant oil discovery in the Gulf of Mexico since 2009, in the Gila deepwater prospect 300 miles off New Orleans. The prospect is majority owned by BP, with ConocoPhillips a minority partner, but the companies' drilling in the region has been set back since the
Read moreSAO PAULO, Dec 17 (Reuters) - Brazil's state-run oil company Petrobras said on Tuesday it had made its first petroleum discovery in the Potiguar Basin, according to a securities filing. The discovery came in the well known as Pitu, about 55 kilometers (34 miles) off the coast of the northea
Read moreHOUSTON, Dec 17 (Reuters) - Operators at BP Plc's 405,000 barrel per day (bpd) Whiting, Indiana, refinery continued to prep a new 102,000 bpd coking unit for regular production on Tuesday, according to sources familiar with operations at the refinery. A switch to the planned cheaper heavy
Read moreHOUSTON, Dec 17 (Reuters) - BP Plc filed a fraud lawsuit in U.S. court on Tuesday to halt some of the $2.3 billion it set aside to compensate commercial fishermen for losses claimed after the British oil company's 2010 offshore oil spill, the biggest in U.S. history. The latest court action
Read more* Decision crucial for Europe to cut dependence on Russia * EU Commission says route could carry a fifth of EU needs * Statoil reduces stake in Shah Deniz II to 15.5 pct * Sells 10 percent to SOCAR and BP for $1.45 bln * Shah Deniz consortium and SOCAR extend contract up t
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