REMINDER: Our user survey closes on Friday, please submit your responses here

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

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: 500.50
Bid: 499.75
Ask: 499.90
Change: -3.20 (-0.64%)
Spread: 0.15 (0.03%)
Open: 498.00
High: 500.50
Low: 490.65
Prev. Close: 503.70
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Statoil launches security inquiry after Algeria plant attack

Tue, 26th Feb 2013 13:59

* CEO says seeking ways to improve security for workers

* No date given for expected return to full output at InAmenas

* Union wants independent inquiry, to meet with government

OSLO, Feb 26 (Reuters) - Norway's Statoil onTuesday launched an internal inquiry into security at the InAmenas gas plant in Algeria which it jointly operates after adeadly hostage-taking incident there last month.

Separately, the head of the largest union within Statoil told Reuters it would hold talks with the Norwegian governmenton Wednesday to discuss the need for an independent inquiry.

Islamist gunmen attacked on Jan. 15 and seized hundreds ofhostages before the Algerian army stormed the facility four dayslater. Dozens of workers were killed, including five Norwegiannationals.

"The security measures at In Amenas were not sufficient topredict, or to stop, an attack of this character," ChiefExecutive Helge Lund told a news conference.

"What the investigation will help us with is to make usunderstand what happened, and to identify areas of improvement to strengthen our security work."

Lund would not say when the plant would return to fulloperation.

The facility, which Statoil operates with BP andAlgerian state-owned firm Sonatrach, restarted some productionon Sunday.

"We have to make sure that security can be maintained beforewe can send (foreign) employees back to work at the plant," Lundsaid.

A six-member investigative team will be led by TorgeirHagen, a former head of the Norwegian intelligence agency.

Half of the team work for Statoil while the other three arefrom outside the company, including Adrian Fulcher, a formerdirector of counter-terrorism in Britain.

The team, which will deliver its final report on Sept. 15 tothe board of Statoil, will also be advised by a former actingdirector of the CIA, John McLaughlin, and a former U.S. deputydefence secretary, John Hamre, among other advisers.

AN INDEPENDENT INQUIRY?

Statoil's security arrangements have been criticised in theaftermath of the attack, and Leif Sande, head of the IndustriEnergi trade union, the largest for oil workers, has argued thatan independent commission should investigate.

"I am going to meet with the foreign minister on Wednesdayto discuss these things," Sande told Reuters.

He welcomed Statoil's investigative commission as "broad andgood".

"It looks like they are taking this seriously," he said, butnoted the board of Statoil would be able to decide who sees thefinal report.

"I would hope that it would be possible to have access tothe report externally."

Statoil, which is majority controlled by the government,said the report would be made public.

More News
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
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.

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.