Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video 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: 489.95
Bid: 489.95
Ask: 490.05
Change: 1.80 (0.37%)
Spread: 0.10 (0.02%)
Open: 491.60
High: 494.35
Low: 489.70
Prev. Close: 488.15
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: No Decision Has Been Made On Doing 'Static Kill'

Tue, 20th Jul 2010 22:43

By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) will continue to test the integrity of a cap that has temporarily sealed a runaway well in the Gulf of Mexico while a group of scientists debate a way to speed up the Deepwater Horizon gusher's ultimate demise, company executives and government officials said Tuesday. BP and the U.S. government plan to spend another day or two mulling a "static kill," which could plug the leak with heavy drilling mud. The procedure, somewhat similar to the so-called "top kill" attempt that failed last May, could increase the chances of success for a relief well that the company is currently drilling to stop the leak from the bottom of the well. "Working in tandem these (two) can have an ability to have the well completely killed in less time," Kent Wells, a BP senior vice president, said in a news conference. "It could also reduce the execution of risk," so it is "clearly worthy" of study, he said. The U.K. oil giant first floated the "static kill" idea to the public late Monday. Even though the previous attempt to kill the well from the top failed, this time around the well is shut in and the reservoir is somewhat depleted, Wells said, meaning the company can pump mud at a lower rate and keep it from gushing back out. The company continues to work on dual relief wells, the first of which is scheduled to kill the leaking well by mid-August, Wells said. On Tuesday, U.S. authorities approved another 24-hour testing period for a cap that is keeping up to 60,000 barrels of oil a day from spilling into the Gulf of Mexico, retired Coast Guard Adm. Thad Allen, who heads the federal oil spill response effort, said in a conference call. The well has been shut in since Thursday, when BP began testing the new containment cap. The cap was originally supposed to be tested for 48 hours, but Allen has granted four 24 hour extensions. Allen holds the power to call off the test of the cap at anytime. So far BP is pleased with the results of the testing. "At this point we do not have any anomalies or evidence that would say we don't have well integrity," Wells said Thursday. However, the tests are not conclusive, he added. "As each day goes along it gives us more confidence," he said. BP has been working for 13 weeks to contain the gusher, which erupted shortly after the explosion and sinking of a Transocean Ltd. (RIG) rig off the coast of Louisiana. -By Susan Daker, Dow Jones Newswires; 713-547-9208; susan.daker@dowjones.com (END) Dow Jones Newswires July 20, 2010 17:43 ET (21:43 GMT)
More News
3 Nov 2023 17:01

LONDON MARKET CLOSE: Stocks end week mixed on soft US employment data

(Alliance News) - Stock prices in London closed mixed on Friday, as some soft US data seemingly confirmed that the central banks are done with interest rate hikes, at least for now.

Read more
2 Nov 2023 10:19

Berenberg ups BP target but sees greater upside elsewhere

(Sharecast News) - Berenberg has lifted its target price for oil titan BP after this week's third-quarter results, but kept a 'hold' rating, saying it sees more attractive investments elsewhere in the sector.

Read more
2 Nov 2023 10:14

LONDON BROKER RATINGS: Bank of America starts Unite Group with 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
2 Nov 2023 07:43

LONDON BRIEFING: Shell launches USD3.5 billion share buyback

(Alliance News) - Stocks in London are expected to rise on Thursday, following the interest rate decision in the US, with all eyes now on the Bank of England.

Read more
1 Nov 2023 16:35

London close: Stocks rise ahead of US Fed policy decision

(Sharecast News) - London's stock market finished in positive territory on Wednesday, with investors keeping a keen eye on the upcoming policy announcement from the US Federal Reserve.

Read more
1 Nov 2023 12:10

JPMorgan Cazenove downgrades BP to 'underweight'

(Sharecast News) - JPMorgan Cazenove downgraded BP on Wednesday to 'underweight' from 'neutral' and cut the price target to 550p from 615p.

Read more
1 Nov 2023 11:39

LONDON MARKET MIDDAY: Stocks lower in cautious trade before Fed rate

(Alliance News) - Stock prices in London were lower at midday Wednesday, as investors eye two key interest rates from the US Federal Reserve and the Bank of England.

Read more
1 Nov 2023 09:36

LONDON BROKER RATINGS: Goldman says 'sell' Segro; JPMorgan cuts BP

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
1 Nov 2023 07:40

LONDON BRIEFING: GSK raises annual guidance following Arexvy launch

(Alliance News) - Stocks in London are called higher on Wednesday, with the main focal point for the day being the upcoming US interest rate decision.

Read more
31 Oct 2023 16:59

LONDON MARKET CLOSE: FTSE 100 returns early progress as BP disappoints

(Alliance News) - London-listed blue-chips faded after a bright start with falls in oil majors, and index heavyweights, BP and Shell dragging the FTSE 100 lower.

Read more
31 Oct 2023 15:41

London close: Stocks finish mixed, Rolls-Royce jumps on upgrade

(Sharecast News) - London's stock markets saw a mixed performance on Tuesday, with Rolls-Royce recording solid gains after a rating upgrade, while BP fell on disappointing third-quarter numbers.

Read more
31 Oct 2023 11:52

LONDON MARKET MIDDAY: Stocks up despite Eurozone recession fear

(Alliance News) - Stock prices in Europe were higher at midday Tuesday, despite new data adding to fears that the Eurozone may sink into recession.

Read more
31 Oct 2023 08:54

LONDON MARKET OPEN: Stocks rise; BP shares fall on profit miss

(Alliance News) - The FTSE 100 opened in the green on Tuesday, despite a share price fall for BP, one of the index's largest constituents, amid more positive trading sentiment in Europe and the US.

Read more
31 Oct 2023 08:50

TOP NEWS: BP third quarter revenue falls, calls another share buyback

(Alliance News) - BP PLC shares fell early on Tuesday, after the London-based oil major saw underlying replacement profit fall in the third quarter, although it rose at a statutory pretax level, while revenue fell.

Read more
31 Oct 2023 07:41

LONDON BRIEFING: BP announces buyback; IG to cut 10% of staff

(Alliance News) - Stocks in London are called higher on Tuesday, as the FTSE 100 looks set to shake off weaker economic data from China.

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.