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Share Price Information for BP (BP.)

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Share Price: 510.40
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Change: 0.00 (0.00%)
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Optimism fades over early BP relief well

Thu, 08th Jul 2010 12:03

BP is desperately hoping its first relief well will be finished by the time it reports second quarter results on 27 July and could have good news as early as the 20th, though much will depend on a mild hurricane season.The company, currently busy buttering up sovereign wealth funds in the Middle East, has always stated the fix would be in place by the middle of August.But British prime minister David Cameron is dropping in at the White House on 20 July and would like to be the bearer of good news."In a perfect world with no interruptions, it is possible to be ready to stop the well between July 20 and July 27," Bob Dudley, head of BP's Gulf Coast restoration unit, has told Wall Street Journal.The plan could trip up though as Dudley admits this "perfect case" is threatened by the hurricane season and is "unlikely".BP is also working on a Plan B that involves connecting the well to pipelines in two nearby underwater gas and oil fields.It has been under intense pressure to get things sorted in the Gulf as the environmental disaster, already the biggest in American history worsens.The broker Deepwater Horizon well has been leaking oil in the sea at a rate of anything up to 100,000 barrels a day and has so far cost BP over $3bn in clean-up costs alone.Chief executive Tony Hayward met with Abu Dhabi crown prince Mohammed bin Zayed Al Nahyan yesterday and is apparantly comfortable with him taking a stake of up to 10% in the oil giant. BP's share price has halved since the explosion on 20 April killing 11 workers, and traded below 300p two weeks ago for the first time in 14 years. The governments of Kuwait, China, Singapore and Libya are also thought to be interested in injecting funds.
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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.

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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.

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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.

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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.

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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.

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10 Apr 2024 07:47

LONDON BRIEFING: Stocks called up ahead of US inflation data

(Alliance News) - Stocks in London are called to open higher, as investors shake off nerves ahead of a key US inflation reading.

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9 Apr 2024 17:26

Slide in defence stocks knocks down Europe's STOXX 600

BP gains on higher quarterly upstream energy output forecast

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9 Apr 2024 17:13

FTSE 100 ends down as defence stocks offset commodity gains

Easter food spending lifts UK retail sales in March

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9 Apr 2024 16:53

LONDON MARKET CLOSE: Stocks struggle in nervy trade before US data

(Alliance News) - European equities closed lower on Tuesday, with sentiment downbeat ahead of Wednesday's US inflation reading, though impetus could be found in gold, which hit another record high.

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9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

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9 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 treads water despite boost from miners

(Alliance News) - Equities in London lacked impetus heading into Tuesday, as investors moved with caution ahead of a US inflation print on Wednesday and the European Central Bank's interest rate decision a day later.

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9 Apr 2024 10:21

PRESS: Shell could make London exit if value gap to US does not close

(Alliance News) - Shell PLC fired a warning shot to that it could be prepared to move its listing to the US in a fresh blow to London's financial centre.

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9 Apr 2024 08:53

TOP NEWS: BP predicts upstream production will rise in first quarter

(Alliance News) - BP PLC on Tuesday said it expects first quarter upstream production to be higher than the previous three month period but cautioned lower prices would hurt performance elsewhere.

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9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

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9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

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