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Share Price Information for BP (BP.)

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Share Price: 488.90
Bid: 488.85
Ask: 488.95
Change: 1.90 (0.39%)
Spread: 0.10 (0.02%)
Open: 489.20
High: 495.40
Low: 487.50
Prev. Close: 487.00
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Thursday newspaper round-up: SABMiller, British Airways, Cairn Energy

Thu, 07th Oct 2010 06:26

SABMiller is in talks to swallow one of Africa's biggest brewers in a deal worth more than £6 billion.The Times understands that the owner of Grolsch and Peroni Nastro Azzurro is running the rule over the African beer operations of Groupe Castel.British Airways' four million frequent fliers will enjoy a substantial increase in the free miles they earn after the creation of a new transatlantic alliance. BA, American Airlines and Iberia yesterday formally announced a merger of their transatlantic operations. The deal will create a business with revenues of nearly $8 billion (£5 billion) a year, says the Times.Cairn Energy's first Greenland oil drilling season was a "royal flush" and the company will invest $1.2bn (£755m) on up to 12 wells over the next three years. The Edinburgh-based exploration company is already spending $400m on four wells in the unexplored Arctic region this year, of which the first found traces of gas and the second traces of both oil and gas, says the Independent. More than a third of applications for payouts from BP's oil spill compensation fund are either inflated, unsubstantiated or fraudulent, according to the official in charge of the $20 billion programme. Kenneth Feinberg, whom President Obama appointed on June 16 to manage the scheme for fishermen and others affected by the disaster, said that of the roughly 104,000 claims received, almost 40,000 needed to provide more information to support their claims, according to the Times.Ireland's business federation has joined foreign creditors in warning that a default by Dublin on the junior debt of Anglo Irish Bank and other lenders guaranteed during the crisis would be a breach of faith. "Ireland should honour its debts if it can," said Danny McCoy, head the Irish Business and Employers Confederation (IBEC), according to the Telegraph.The war of words over international currency valuations escalated yesterday when the Chinese premier Wen Jiabao told the European Union to stop pressuring Beijing to revalue the yuan as any rapid shift risked unleashing serious social unrest in China. Speaking in Brussels, Wen said that China would move towards making its currency more flexible but he rejected calls for a rapid appreciation as the issue threatened to dominate this weekend's meeting of the International Monetary Fund and G7 countries in Washington, the Guardian reports.Britain's Coalition government would have to revisit its plans for deep spending cuts if growth substantially disappoints, the International Monetary Fund has warned. The fund's latest World Economic Outlook (WEO) report also raised the prospect of another fall in UK house prices, cautioning that property is overvalued, says the Telegraph.American banks' efforts to foreclosure on millions of delinquent mortgages have been plunged into chaos by a growing scandal over administrative inconsistencies and errors. North Carolina yesterday joined a number of states pursuing legal efforts to slow the tide of repossessions and protect homeowners from what several attorneys general now say are improper foreclosure procedures, reports the Independent.
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23 Dec 2023 12:30

Poland's Orlen files Venture Global LNG arbitration case -Bloomberg News

Dec 23 (Reuters) - Polish oil and gas firm Orlen has lodged an arbitration case against Venture Global LNG which alleges that the U.S. exporter of liquefied natural gas was not honouring a long-term contract, Bloomberg News reported on Saturday.

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22 Dec 2023 19:54

More ships carrying oil avoid Red Sea route

HOUSTON, Dec 22 (Reuters) - At least two ships transporting oil or oil products between the U.S. Gulf Coast and India on Friday were re-routing from the Red Sea, according to vessel tracking data, as a U.S.-led coalition geared up to help safeguard vessels from attacks by Yemen's Houthi militants.

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22 Dec 2023 19:29

More ships carrying oil avoid Red Sea route

HOUSTON, Dec 22 (Reuters) - At least two ships transporting oil or oil products between the U.S. Gulf Coast and India on Friday were re-routing from the Red Sea, according to vessel tracking data, as a U.S.-led coalition geared up to help safeguard vessels from attacks by Yemen's Houthi militants.

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22 Dec 2023 19:24

Equinor takes stakes in 2 Angola oil exploration blocks

OSLO, Dec 22 (Reuters) - Equinor has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company's Africa operation said in a statement on Friday.

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22 Dec 2023 19:20

Equinor takes stakes in 2 Angola oil exploration blocks

OSLO, Dec 22 (Reuters) - Equinor has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company's Africa operation said in a statement on Friday. (Reporting by Terje Solsvik, editing by Essi Lehto)

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22 Dec 2023 11:00

US offshore wind poised for success next year after turbulent 2023

NEW YORK, Dec 22 (Reuters) - The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs.

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20 Dec 2023 18:16

US Gulf of Mexico oil auction is largest since 2015

Dec 20 (Reuters) - A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time until 2025.

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20 Dec 2023 17:37

US Gulf of Mexico oil auction raises $382 million in high bids

Dec 20 (Reuters) - A Biden administration auction of Gulf of Mexico drilling rights raised more than $382 million on Wednesday, the highest total for a federal offshore oil and gas auction since 2015.

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20 Dec 2023 17:00

Sustainable Finance Newsletter - This time it's different for US SEC climate rules

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20 Dec 2023 15:36

Shipping container price surge to reverse due to overcapacity -logistics platform

MUMBAI, Dec 20 (Reuters) - Higher prices for containers used by merchant ships caused by attacks on Red Sea shipping are likely to fall back in three to nine months to levels seen in early December due to market overcapacity, the head of an online container logistics platform said on Wednesday.

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20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

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19 Dec 2023 20:11

Norwegian Johan Sverdrup crude prices soar on Red Sea shipping issues

LONDON, Dec 19 (Reuters) - Prices for Norway's Johan Sverdrup crude soared on Tuesday, a move traders said could be linked to mounting concerns around the security of crude flows into Europe following maritime attacks by Yemen's Houthis in the Red Sea.

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19 Dec 2023 19:10

US launches Red Sea force as ships reroute to avoid attacks

Crisis is spillover from Israel-Hamas war

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19 Dec 2023 17:14

Shippers mask positions, weigh options amid Red Sea attacks

Dec 19 (Reuters) - A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.

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