Latest Share Chat

BP Share News (BP.)

BP Information

Buy BP. Shares
Add BP. to Watchlist
Add BP. to Alert

Share Price Information for BP (BP.)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 470.50

Bid: 470.35

Ask: 470.50

Change: 4.15 (0.89%)

Spread: 0.15 (0.032%)

Open: 466.55

High: 472.85

Low: 466.05

Prev. Close: 466.35

Last checked at -

BP Feels Good As Pressure Steadily Builds On Well During Test

Fri, 16th Jul 2010 14:21

By Susan Daker Of DOW JONES NEWSWIRES HOUSTON(Dow Jones)--BP PLC's (BP, BP.LN) well integrity test survived the night as pressures steadily rose showing that a newly placed cap might have the ability to complete shut-in an overflowing well in the Gulf of Mexico, a company vice president said Friday morning. For now, the flow of oil out of the Macondo well remains temporarily halted as the well continues to undergo the test, which could last until Saturday. "Pressure continues to rise," BP Vice President Kent Wells said during a teleconference. "The current monitoring shows no negative evidence, if you remember the big concern was whether we could have a breach to surface." Prior to the test's start, officials raised concerns that there could be a problem in the formation of the well which could lead to another oil leak. The pressure on the cap is over 6,700 pounds per square inch, Wells said. If the well had not reached a pressure reading of at least 6,000 PSI, the test could have been halted and the cap deemed unable to seal off the well. The U.S. federal response commander, Retired Coast Guard Adm. Thad Allen still holds the power to stop the test at anytime and order that BP use the recently placed device to produce oil and natural gas from the well, Kent Wells said. In that case, the cap would funnel up oil and gas to four ships on the surface and could be collecting up to 60,000 barrels to 80,000 barrels a day by the end of the month, BP has said. The well is estimated to be spewing between 35,000 to 60,000 barrels of oil a day. Work on drilling of the first relief well is ongoing but drilling it not underway, Wells said. The completion of the well could be done by the end of July even though it has been delayed by "a couple of days," because of the pressure tests, Wells has said. However, Allen puts the first relief well's finish date at mid-August. Another relief well is also being drilled as a back-up plan. The relief wells are seen as the ultimate way to kill the runaway well, which has caused economic and environmental devastation across the U.S. Gulf Coast. -By Susan Daker, Dow Jones Newswires; 713-547-9208; susan.daker@dowjones.com (END) Dow Jones Newswires July 16, 2010 09:21 ET (13:21 GMT)

More News

30 Jan 2024 15:28

UK earnings, trading statements calendar - next 7 days

Wednesday 31 January
Aberforth Smaller Companies Trust PLC	Full Year Results
abrdn Private Equity Opportunities Trust PLC	Full Year Results
Ecora Resources PLC	Trading Statement
GSK PLC	Full Year Results
ITM Power PLC	Half Year Results
NWF Group PLC	Half Year Results
Thursday 1 February
Airtel Africa PLC	Trading Statement
AG Barr PLC	Trading Statement
BT Group PLC	Trading Statement
Cranswick PLC	Trading Statement
Gem Diamonds Ltd	Trading Statement
Glencore PLC	Trading Statement
JTC PLC	Trading Statement
Rank Group PLC	Half Year Results
Shell PLC	Full Year Results
TClarke PLC	Trading Statement
Friday 2 February
YouGov PLC	Trading Statement
Monday 5 February
Home REIT PLC	Trading Statement
Porvair PLC	Full Year Results
Trident Royalties PLC	Trading Statement
Vodafone Group PLC	Trading Statement
Tuesday 6 February
Alumasc Group PLC	Half Year Results
BP PLC	Full Year Results
Filtronic PLC	Half Year Results
Mattioli Woods PLC	Half Year Results
Renishaw PLC	Half Year Results
Virgin Money UK PLC	Trading Statement

Comments and questions to newsroom@alliancenews.com

A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.

Copyright 2024 Alliance News Ltd. All Rights Reserved.

29 Jan 2024 17:25

London close: Stocks turn weaker ahead of busy week for earnings

(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corporate earnings reports and central bank announcements.

29 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks slightly down pre US Fed, Bank of England

(Alliance News) - Stock prices in London closed mutedly lower on Monday, ahead of a busy week of interest rate decisions and economic data.

29 Jan 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 nudges higher ahead of rate decisions

(Alliance News) - Stock prices in London were mixed going into Monday afternoon, ahead of a busy week of interest rate decisions and economic data.

29 Jan 2024 08:41

LONDON MARKET OPEN: BP, Shell higher amid Middle East tensions

(Alliance News) - Stock prices in Europe opened mostly lower, ahead of an important week of central bank decisions and economic data.

26 Jan 2024 23:06

Equinor, Orsted bid for better contract in NY offshore wind auction

Jan 26 (Reuters) - New York State said on Friday it received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.

26 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks up as Fed's preferred inflation read cools

(Alliance News) - Stock prices in London closed up on Friday, as investors predicted and responded positively to a cooling inflation read in the US.

26 Jan 2024 13:16

Equinor sticks to 2030 renewables targets after US wind project reset

OSLO, Jan 26 (Reuters) -

26 Jan 2024 12:11

LONDON MARKET MIDDAY: China growth measures and LVMH lift mood

(Alliance News) - Stock prices in London were up at midday, with investors optimistic ahead of a key US inflation reading.

26 Jan 2024 10:03

Equinor sticks to 2030 renewables targets after US wind reshuffle

OSLO, Jan 26 (Reuters) - Norway's Equinor maintains an ambition to reach 12-16 gigawatts (GW) of installed renewable energy capacity by 2030, despite dropping out of some projects in New York, its renewables head told Reuters on Friday.

26 Jan 2024 08:48

LONDON MARKET OPEN: Oil majors boost FTSE; LVMH lifts Burberry

(Alliance News) - The FTSE 100 looked set to end the week on a high note in early Friday trading, buoyed by strong US economic data and rising oil prices.

25 Jan 2024 11:00

Big turnout expected in New York offshore wind power auction

Jan 25 (Reuters) - Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.

23 Jan 2024 17:25

BP sees Trinidad deepwater gas project getting greenlight as soon as 2025

PORT OF SPAIN, Jan 23 (Reuters) - BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.

23 Jan 2024 08:47

LONDON MARKET OPEN: Stocks see muted open; oil majors rise

(Alliance News) - Stock prices in London opened largely flat on Tuesday, failing to capitalise on broadly positive market sentiment elsewhere.

22 Jan 2024 19:33

Trinidad in talks with Europe to supply Venezuelan gas

PORT OF SPAIN, Jan 22 (Reuters) - Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.

Latest Share Chat

BP Share News (BP.)

Share Price Information for BP (BP.)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

BP Feels Good As Pressure Steadily Builds On Well During Test

Login to your account

Quickpicks are a member only feature

Login to your account