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Share Price Information for BP (BP.)

London Stock Exchange
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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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EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

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17 Jan 2024 12:10

BP's Auchincloss named CEO, reaffirms energy transition plan

Auchincloss was interim CEO

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17 Jan 2024 08:48

LONDON MARKET OPEN: UK inflation surprises markets sending stocks down

(Alliance News) - Stock prices in London took a hit on Wednesday morning, after some hotter-than-expected UK inflation data added to interest rate worries.

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17 Jan 2024 08:33

TOP NEWS: BP buys Getec Energie; promotes Auchincloss to permanent CEO

(Alliance News) - BP PLC on Wednesday said that it will buy Getec Energie GmbH as it promoted Murray Auchincloss to the role of permanent chief executive officer.

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17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

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17 Jan 2024 07:11

BP names acting CEO Murray Auchincloss as permanent leader

(Sharecast News) - BP has named its former chief financial officer Murray Auchincloss as its permanent chief executive, after having served in an interim capacity for the past four months.

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16 Jan 2024 21:28

PRESS: BP close to naming acting CEO Auchincloss as permanent chief

(Alliance News) - Directors of BP PLC were meeting on Tuesday evening to finalise the appointment of Murray Auchincloss, the company's acting chief executive, as its permanent boss, according to a report.

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16 Jan 2024 16:38

Shell halts Red Sea shipments over attack fears from Yemeni rebels

(Alliance News) -London-based oil major Shell PLC has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday.

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16 Jan 2024 13:13

Shell in Nigeria

LONDON, Jan 16 (Reuters) - Shell pioneered Nigeria's oil and gas industry and remains a major investor in the West African country even after exiting its onshore operations. But over the decades the British company has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fuelled violence.

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12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

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8 Jan 2024 19:48

Shell signs 20-year purchase deal with Canadian Ksi Lisims LNG project

Jan 8 (Reuters) - Global gas giant Shell has agreed to buy two million metric tons of liquefied natural gas (LNG) per year from Ksi Lisims LNG, partners in the proposed Canadian project said on Monday.

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8 Jan 2024 16:59

LONDON MARKET CLOSE: Stocks mixed as eyes on US inflation data

(Alliance News) - Stock prices in London closed mixed Monday, with oil majors holding down higher gains in the FTSE 100 index.

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8 Jan 2024 16:38

London close: Stocks manage positive finish after mixed session

(Sharecast News) - London's financial markets experienced a mixed trading day on Monday, with the FTSE 100 and FTSE 250 indices closing in positive territory after spending much of the session in the red.

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8 Jan 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms in muted start to week

(Alliance News) - Stock prices in London traded lower at the start of the week, with oil firms weighing on then FTSE 100, as investors look ahead to the week's key inflation prints.

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