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Share Price Information for BP (BP.)

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Share Price: 471.00
Bid: 470.40
Ask: 470.60
Change: 0.50 (0.11%)
Spread: 0.20 (0.043%)
Open: 468.40
High: 473.15
Low: 467.30
Prev. Close: 470.50
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Deep sea recovery from U.S. Gulf spill could take decades -study

Tue, 24th Sep 2013 21:09

WASHINGTON, Sept 24 (Reuters) - The muddy deep-sea ecosystemaround the massive 2010 Gulf of Mexico oil spill could takedecades to recover from the effects of the disaster, researchersreported on Tuesday.

The oil spill from BP Plc's Macondo well had its mostsevere impact on the ecosystem in an area about nine squaremiles (24 square km) around the wellhead, the report in theonline scientific journal PLoS One said.

Moderate effects were seen at 57 square miles (148 squarekm). The sea bottom's rich biodiversity was greatly reduced bythe oil plume, which was up to 200 yards (183 meters) thick and1.2 miles (1.9 km) wide, it said.

"Given deep-sea conditions, it is possible that recovery ofdeep-sea soft-bottom habitat and the associated communities inthe vicinity of the DWH blowout will take decades or longer,"the report concluded.

The April 20, 2010 disaster aboard the Deepwater Horizondrilling rig killed 11 workers and ruptured the Macondo well,triggering the worst offshore oil spill in U.S. history.

The research was carried out for the National Oceanic andAtmospheric Administration. Paul Montagna, an ecosystemsprofessor at Texas A&M University, said on NOAA's website thatnormally pollution was found within 300 to 600 yards (meters) ofan offshore well.

In the Macondo case, it was found nearly two miles (3.2 km)from the well, he said.

Jeff Baguley, an expert on tiny marine and freshwaterinvertebrates from the University of Nevada, said on the NOAAwebsite that the samples showed that the dominant group inaffected areas had become nematode worms.

The research team included members from University ofNevada-Reno, Texas A&M, NOAA's National Centers for CoastalOcean Science and representatives from BP.

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8 Mar 2024 10:33

BP pays Auchincloss £8m in 2023, claws back £1.8m from Looney

(Sharecast News) - BP chief executive officer Martin Auchincloss was paid £8m for his services in a particularly prosperous year, it was revealed on Friday, as it managed to claw back a further £1.8m from its former head Bernard Looney.

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4 Mar 2024 15:29

London close: Stocks languish ahead of Wednesday's Budget

(Sharecast News) - London's stock markets finished in the red on Monday, reflecting investor apprehension ahead of the impending Spring Budget.

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4 Mar 2024 10:43

Jefferies upgrades BP to 'buy'

(Sharecast News) - Jefferies upgraded BP on Monday to 'buy' from 'hold' and lifted the price target to 570p from 520p.

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4 Mar 2024 08:59

LONDON BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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4 Mar 2024 08:55

LONDON MARKET OPEN: Review cuts Hipgnosis Songs Fund valuation

(Alliance News) - Stock prices in London opened mostly lower on Monday, as investor attention remained primarily on the release of the UK Spring budget on Wednesday.

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4 Mar 2024 07:41

LONDON BRIEFING: Stocks called down; attention on UK's spring budget

(Alliance News) - Stocks in London are called to open lower, ahead of a busy week of economic news.

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22 Feb 2024 09:49

LONDON BROKER RATINGS: Berenberg raises Moneysupermarket.com to 'buy'

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

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15 Feb 2024 16:52

LONDON MARKET CLOSE: Stocks in green despite UK hit by recession

(Alliance News) - Stock prices in London closed higher on Thursday, after data showed that the UK economy slipped into recession in the final quarter of 2023, buoying hopes for interest rate cuts from the Bank of England.

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15 Feb 2024 14:55

London close: Stocks manage gains despite UK recession news

(Sharecast News) - London markets had a mixed but ultimately positive day of trading on Thursday, despite news that the UK fell into a technical recession at the end of 2023.

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15 Feb 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 flat as strong start fades

(Alliance News) - The FTSE 100 tread water on Thursday afternoon, as share price declines for some of London's heavyweights offset a strong start for the index, which got a boost from Bank of England rate cut hopes.

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15 Feb 2024 09:17

BP hails arrival of LNG vessel at project off Senegal and Mauritania

(Alliance News) - BP PLC on Thursday celebrated the arrival of a gas vessel offshore west Africa, which it called a "major milestone" for its project there.

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14 Feb 2024 12:01

BP and Adnoc form gas joint venture in Egypt to boost capabilities

(Alliance News) - BP PLC on Wednesday said it will form a joint venture with Abu Dhabi National Oil Co in Egypt, under which BP will contribute its interests in three development concessions.

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14 Feb 2024 10:27

BP and Adnoc agree Egyptian joint venture

(Sharecast News) - BP has agreed a new joint venture in Egypt with long-standing partner Adnoc, it was confirmed on Wednesday.

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11 Feb 2024 09:27

PRESS: BP to book USD700 million windfall on UK tax changes - FT

(Alliance News) - BP PLC is set to book a USD700 million windfall due to UK tax changes aimed at boosting corporate pension fund investment in the economy, the Financial Times reported on Saturday.

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9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

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