The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 483.00
Bid: 481.65
Ask: 481.80
Change: 0.45 (0.09%)
Spread: 0.15 (0.031%)
Open: 479.30
High: 483.25
Low: 477.30
Prev. Close: 482.55
BP. Live PriceLast checked at -

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

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
5 Apr 2024 08:47

LONDON MARKET OPEN: Europe slumps on US rate worry and rising tensions

(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish remarks from US central bankers.

Read more
4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

Read more
4 Apr 2024 11:58

LONDON MARKET MIDDAY: Stocks up as Fed chair calms some rate nerves

(Alliance News) - Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell.

Read more
2 Apr 2024 23:07

Sector movers: Builders and REITS slip, geopolitics boost Big Oil and gold miners

(Sharecast News) - Personal Goods was at the bottom of the pile on the FTSE 350 at the start of the second quarter, as fashion retailer Burberry Group's shares fell back towards their five-year lows.

Read more
2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
2 Apr 2024 11:00

Biden administration approves eighth US offshore wind project

WASHINGTON, April 2 (Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.

Read more
2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

Read more
2 Apr 2024 08:55

European oil stocks gain on expectations for higher demand, supply concerns

Read more
28 Mar 2024 10:00

How the oil industry is thriving despite Joe Biden's climate policies

GRAPHIC on Biden's oil boom: https://www.reuters.com/graphics/USA-BIDEN/OIL/lgpdngrgkpo/

By Nichola Groom, Jarrett Renshaw

Read more
27 Mar 2024 20:59

New England offshore wind auction draws multiple bidders

March 27 (Reuters) -

Read more
27 Mar 2024 12:47

Ithaca Energy gets bid rights on Eni's UK assets, profit slips

March 27 (Reuters) - Ithaca Energy has been given a four-week exclusivity period by Italy's Eni, to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.

Read more
27 Mar 2024 09:01

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

*

Read more
27 Mar 2024 08:31

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

*

Read more
25 Mar 2024 16:51

LONDON MARKET CLOSE: Renewed global tensions put pressure on stocks

(Alliance News) - Stock prices in London started the week in bad shape and closed lower on Monday, as investors sat on their hands amid rising global tensions.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.