BP Share News (BP.)

India on red alert as "super cyclone" nears east coast

By Jatindra Dash BHUBANESWAR, India, Oct 12 (Reuters) - Rain and wind lashed India's east coast and nearly 400,000 people fled to cyclone shelters after the government issued a red alert and warned of severe damage when one of the largest storms the country has ever seen makes landfall late

U.S. Cash Products-Chicago diesel up ahead of cycle switch

NEW YORK, Oct 11 (Reuters) - Chicago ultra-low sulfur diesel rose about 1.50 cents on Friday and was bid at 10.00 cents and offered at 8.00 cents per gallon under the New York Mercantile Exchange (NYMEX) heating oil futures contract with traders trying to secure supplies before a cycle switch nex

BP Whiting, Ind. refinery restarting CDU 11C after repairs-sources

HOUSTON, Oct 11 (Reuters) - BP Plc was restarting the 110,000-barrel-per-day crude distillation unit, Pipestill 11C, on Friday at its 405,000-bpd Whiting, Indiana, refinery, said sources familiar with operations at the refinery. Pipestill 11C was shut on Oct. 4 to repair a leaking flange,

North Sea oil output to hit 2013 high in November

* November output up 17 pct to 2.109 mln bpd * Poor outlook for refiners expected to dampen demand * Potential strike at Grangemouth could impact Forties By Claire Milhench LONDON, Oct 11 (Reuters) - North Sea oil output tracked by Reuters will rise by 17 percent in Novemb

Putin says Rosneft should not pay a premium for TNK-BP buy-out

TUAPSE, Russia, Oct 11 (Reuters) - Rosneft should buy out the minority shareholders of TNK-BP Holding at the prevailing market price, not at the peak levels of the past, Russian President Vladimir Putin said on Friday, indicating there will be no increase for investors hoping for an improved payo

REFILE-UPDATE 1-Tens of thousands flee as cyclone half the size of India threatens east coast

* Risk to life and extensive damage expected * Tens of thousands to be evacuated from low-lying coastal areas * Major port handling oil cargoes closed * Reliance does not expect gas field to be hit BHUBANESWAR, India, Oct 11 (Reuters) - India's east coast braced on Friday

Powerful cyclone Phailin heads for India's east coast

NEW DELHI, Oct 11 (Reuters) - A powerful cyclone intensified on Friday and was heading towards India's east coast, authorities said, forecasting a risk to life and extensive damage to property when it makes landfall in 36 hours. Satellite images showed the storm in the Bay of Bengal to be a

Texas court rules no damages in BP pollution case

HOUSTON, Oct 10 (Reuters) - A Texas jury on Thursday ruled in favour of British energy giant BP Plc. and did not award damages to plaintiffs in three lawsuits who claimed they were harmed by pollution from a BP-owned refinery in Texas City, Texas in 2010. The lawsuits were the first of 48,0

US WCoast Products-L.A. gasoline steady on demand

HOUSTON, Oct 10 (Reuters) - California gasoline's differential was steady in the Los Angeles wholesale market on Thursday as demand was seen higher in the coming weeks, traders said. October-delivery CARBOB gasoline sold at 16 cents a gallon over November NYMEX RBOB gasoline in L.A. In the

Interview: Allianz Global Investor´s Gergel sees promise in big oil companies

Markets have been quite unsettled of late due to the uncertainty regarding the budget stand-off on Capitol Hill. The most recent market reports indicate that House Republicans may bring a bill to raise the federal government's debt limit for six weeks to the floor in an apparent bid to avoid furth

DIRECTOR DEALINGS: BP Directors, Mangers Buy Shares

Algeria gas plant mends its bullet holes

* In Amenas plant patched up after January attack * Algeria says security in place for foreigners to return * New helicopter pad, permanent military post part of plan By Lamine Chikhi TIGUENTOURINE, Algeria, Oct 10 (Reuters) - Blast charred walls have been repainted and bu

Canada crude - Prices rise though near-term gains seen limited

* Nov WCS trades at $30.60/bbl below WTI * Nov synthetic trades at $9.90/bbl below WTI CALGARY, Alberta, Oct 9 (Reuters) - Canadian heavy crude prices strengthened slightly on Wednesday, although gains were marginal as supply from the oil sands continued to outpace refinery demand.Read more

Pan American demands $1.5 bln from Bolivia for 2009 expropriation

LA PAZ, Oct 9 (Reuters) - Argentina-based energy firm Pan American Energy has requested $1.49 billion from Bolivia as compensation for the 2009 nationalization of its subsidiary in the Andean nation, according to a statement late Tuesday from Bolivia's state attorney general's office. Pan A

China offers 25 offshore oil licences to overseas operators

London's listed oil explorers will be among those bidding to work with China National Offshore Oil Corporation (Cnooc) after it offered 25 offshore blocks to foreign firms. Cnooc, the largest state-run offshore oil producer in the People's Republic, announced that it is looking for cooperation pro