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Share Price Information for BP (BP.)

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Share Price: 525.60
Bid: 526.10
Ask: 526.20
Change: 2.50 (0.48%)
Spread: 0.10 (0.019%)
Open: 529.20
High: 531.40
Low: 525.30
Prev. Close: 525.60
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BP's Whiting, Indiana refinery keeps going despite intense cold

Wed, 08th Jan 2014 17:24

HOUSTON, Jan 8 (Reuters) - BP Plc's revamped405,000-barrel-per-day (bpd) refinery in Whiting, Indiana hascontinued operating in extreme cold that has triggeredmalfunctions at neighboring crude oil refineries in the Chicagoarea, sources familiar with the BP plant said on Wednesday.

The Whiting refinery is the centerpiece of a shift in U.S.refining strategy by BP to focus on refineries in the northernU.S. with easy access to cheaper Canadian crude oil.

As part of that shift, BP just completed a $4-billionoverhaul of the Whiting plant that included rebuilding a 250,000bpd crude distillation unit and adding a 102,000 bpd cokingunit, which came on-line in December,

"There haven't been any problems so far," said one of thesources.

Operators at the refinery will be watching closely forpossible problems as the weather turns warmer later this week.Damage from freezing conditions may not be apparent until therefinery's pipes and units thaw out.

The refinery is designed to keep running in extreme coldweather, just as refineries along the U.S. Gulf Coast areequipped to operate in hot, humid summer conditions, one of thesources said.

A BP spokesman declined to discuss operations at therefinery.

BP is preparing the refinery for the transition to heavyCanadian crude from tar sands fields in Alberta. The refineryhas been running sweet crude oil during the revamp project. Therefinery's Canadian crude consumption could go from 80,000 bpdto 350,000 bpd because of the overhaul.

A crude distillation unit does the bulk of refining of crudeoil in a refinery and supplies feedstock liquids to all otherunits in the plant.

A coking unit increases the amount of the refinable materialobtained from a barrel of oil and converts gunky residual crudeto petroleum coke, which can be used as a coal substitute. (Reporting by Erwin Seba; Editing by Stephen Powell)

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Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan

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Aker BP Q1 beats forecast as costs fall, Tyrving to start sooner

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Aker BP Q1 beats forecast on record output, lower cost

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted a higher-than-expected net profit for the first quarter as production hit a record while costs fell.

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18 Apr 2024 14:45

BP's gas and renewables boss steps down, as CEO shrinks leadership

LONDON, April 18 (Reuters) - BP said on Thursday its head of natural gas and low carbon energy Anja-Isabel Dotzenrath will step down after just over two years, while CEO Murray Auchincloss announced plans to simplify its management structure.

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18 Apr 2024 14:12

UK shareholder meetings calendar - next 7 days

Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
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Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
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International Biotechnology Trust PLCAGM
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Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
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Weir Group PLCAGM
  
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.

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LONDON MARKET MIDDAY: FTSE 100 up despite hawkish Fed rates outlook

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IN BRIEF: BP trims executive team in operational restructuring

BP PLC - London-based oil and gas major - Announces organisational restructuring. Intends to keep its three businesses - production & operations, gas & low carbon energy and customers & products - enabled by trading & shipping. Plans to integrate the current regions, corporates & solutions organisation into the businesses and functions. BP will now be supported by five functions: finance; technology; strategy, sustainability & ventures; people & culture; and legal. BP explains these changes will "reduce duplication and reporting line complexity".

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BP cuts size of executive team, shakes up structure

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Shell urges investors to reject shareholder group's climate demands

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Sustainable Finance Newsletter - Republican AGs look to limit climate groups

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Shell urges investors to reject shareholder group's climate demands

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Carbon Done Right advances Sierra Leone rewilding project

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LONDON MARKET CLOSE: Investors show nerves after Iran launches drones

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London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

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