Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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: 481.70
Bid: 481.70
Ask: 482.00
Change: -9.10 (-1.85%)
Spread: 0.30 (0.062%)
Open: 481.75
High: 485.05
Low: 478.80
Prev. Close: 490.80
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

House Panels Approve Oil-Drilling Regulation Bills As Leadership Mulls Strategy

Thu, 15th Jul 2010 20:48

By Corey Boles Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Two U.S. House panels approved bills Thursday that would overhaul the regulation of the U.S. oil-drilling industry, including most notably a provision that could prevent BP PLC (BP, BP.LN) from winning new offshore drilling licenses until it cleans up its safety record. House Democratic leaders met Thursday afternoon to discuss the strategy as to whether to move forward with one or several separate pieces of legislation, but aides said no decisions had been reached yet. Speaker Nancy Pelosi (D., Calif.) said after the meeting in her office that she was pleased with the presentations of the committee chairmen on the legislative initiatives they were pursuing. The House Natural Resources Committee voted to approve a bill that would replace the existing industry regulator--the Minerals Management Service--with three distinct regulatory agencies. That step was widely expected and has been strongly backed by the Obama administration. Lawmakers on the panel added language to the bill this week that would prohibit oil companies with subpar safety records from being awarded new licenses for exploratory drilling. Any company that over the preceding seven-year period had a safety record that was five times worse than the industry average would be banned from winning new licenses until they brought their safety record back into line. According to congressional aides, BP would currently fail that test. Also, the House Energy and Commerce Committee approved a bill that would set in place detailed safety requirements for firms operating drilling operations in the future. There would be much more onerous obligations on the companies in order to be allowed to continue drilling. Lawmakers on the House Ways and Means panel, meanwhile, are considering a third legislative effort that would seek to use the tax code to stimulate job growth in the renewable energy sectors. House lawmakers want to be seen moving forward with an aggressive response to the BP oil spill in the Gulf of Mexico. They could decide as soon as next week how and at what pace to move forward with legislation. -By Corey Boles, Dow Jones Newswires; 202-862-6601; corey.boles@dowjones.com (END) Dow Jones Newswires July 15, 2010 15:48 ET (19:48 GMT)
More News
15 Apr 2024 15:39

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.

Read more
15 Apr 2024 11:56

LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

Read more
15 Apr 2024 08:59

LONDON MARKET OPEN: FTSE 100 falls as oil lower despite Iran strikes

(Alliance News) - Stock prices in London opened lower on Monday, with a decline in oil prices sending Shell and BP lower, in a cautious start to the week following Iran's strikes on Israel over the weekend.

Read more
13 Apr 2024 16:52

Sector movers: Investors seek out safe havens across all asset classes

(Sharecast News) - Commodity plays were again sought out at the end of the week after The Wall Street Journal said that an Iranian attack against Israel was thought to be imminent.

Read more
12 Apr 2024 17:28

FTSE 100 sets near record close as commodity stocks shine

FTSE 100 up 0.9%, FTSE 250 off 0.3%

*

Read more
12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

Read more
12 Apr 2024 15:45

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

Read more
12 Apr 2024 14:45

London close: Stocks mixed as data shows UK GDP growth

(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.

Read more
12 Apr 2024 11:51

LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

Read more
12 Apr 2024 11:47

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

Read more
12 Apr 2024 11:37

TOP NEWS: BP shares rise after reports Adnoc had pondered takeover

(Alliance News) - Shares in BP jumped on Friday after reports that the state-owned, United Arab Emirates oil company was considering, but had ruled out, a bid for the London-based oil major.

Read more
12 Apr 2024 08:58

LONDON MARKET OPEN: Stocks get boost thanks to growth in UK economy

(Alliance News) - Stock prices in London opened higher on Friday, thanks to new data suggesting the UK economy is out of recession.

Read more
12 Apr 2024 07:56

UAE's ADNOC said to have recently considered BP takeover

(Sharecast News) - The United Arab Emirates' state-owned oil company recently considered buying BP but the deliberations did not progress beyond preliminary discussions, according to a report.

Read more
11 Apr 2024 14:41

Senegal says oil, gas and mine contracts will be reworked if needed

DAKAR, April 11 (Reuters) - Senegal's new Energy and Mines Minister said on Thursday the government would renegotiate oil, gas and mining contracts if necessary once a promised audit is completed.

Read more
10 Apr 2024 08:41

Johnson Matthey and BP win deal for US sustainable aviation fuel plant

(Alliance News) - Johnson Matthey PLC and BP PLC on Wednesday said their technology offering has been selected for use in a sustainable aviation fuel plant being built in the US state of Louisiana.

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.