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Share Price Information for BP (BP.)

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Share Price: 515.80
Bid: 516.20
Ask: 516.40
Change: 6.40 (1.26%)
Spread: 0.20 (0.039%)
Open: 508.50
High: 517.60
Low: 503.60
Prev. Close: 509.40
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Russia offers Ukraine 20bn-dollar support as BP does gas deal

Wed, 18th Dec 2013 12:06

Russia offered Ukraine a 20bn-dollar package to try to limit EU influence over the former Soviet republic, as oil giants BP and Statoil completed a big Azerbaijani gas deal that may cut EU reliance on Russian gas.Moscow has agreed to buy $15bn of Ukrainian debt and to reduce the price of Russian gas supplies to Ukraine by about a third.Russian President Vladimir Putin and Ukrainian President Viktor Yanukovich signed the deals in a move likely to be seen as increasing Moscow's political and economic leverage over Kiev.Ukraine halted a planned integration agreement with the EU last month under pressure from Russia, sparking mass public protests by pro-EU demonstrators.The EU has tried to boost links with Ukraine in the last few years to ease concerns about gas supplies via the country, which have faced pressure since 2009 when a pricing row with Russia halted gas supplies to EU customers.EU countries took another step in weaning themselves off Russian gas supplies with the news on Tuesday that backers of Azerbaijan's Shah Deniz II gas field agreed to expand it, fuelling hopes of an alternative source of EU supplies.BP runs the field with a 28.8% stake, Azeri state power group SOCAR holds 16.7%, Norway's Statoil owns 15.5% and France's Total has a tenth, among others. BP said the decision would trigger plans to expand the South Caucasus Pipeline through Azerbaijan and Georgia, to build the Trans Anatolian gas pipeline across Turkey and to develop the Trans Adriatic pipeline across Greece, Albania and into Italy.BP said: "Together these projects, as well as gas transmission infrastructure to Bulgaria, will create a new southern gas corridor to Europe."Some observers were somewhat more critical. The Financial Times' Lex column on Wednesday pointed out that the project carries execution risks with it, given the myriad companies and governments involved. As well, said the FT, Shah Deniz will only meet a fraction of demand, and will not even arrive until 2019 at that.PW
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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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9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

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9 Apr 2024 07:24

BP sees higher Q1 upstream production

(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.

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