Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

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: 471.00
Bid: 470.40
Ask: 470.60
Change: 0.50 (0.11%)
Spread: 0.20 (0.043%)
Open: 468.40
High: 473.15
Low: 467.30
Prev. Close: 470.50
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Turkey Talks To Oil Giants To Reduce Traffic Through Bosporus

Thu, 01st Jul 2010 15:48

ISTANBUL (AFP)--Turkish officials held talks with oil companies Thursday on ways to reduce growing tanker traffic through the Turkish Straits and lessen the risks posed by congestion in the two waterways. Turkey has long voiced alarm over the environmental and safety threats that maritime traffic, especially oil tankers, pose to the Dardanelles and the Bosporus, at either end of the Marmara Sea that links the Black Sea to the Mediterranean. Turkey's Environment Minister Veysel Eroglu said after the talks that 51,424 ships, most of them oil tankers, had passed through the Bosporus Strait, which bisects Turkey's biggest city Istanbul, in 2009 alone. "That is four times more than the Straits of Panama and three times more than the Suez Canal," Eroglu told a press conference. "Clearly, the [Turkish] Straits can no longer bear any increase in cargo ships and tankers. The risk of accidents, environmental accidents, are obvious." During the meeting, Turkish officials presented alternative land routes to ship oil to the companies present, among them BP PLC (BP), Chevron Corp. (CVX), ENI SpA (E), ExxonMobil Corp. (XOM), Shell Dutch PLC (RDSA), Total SA (TOT) and Transneft (TRNFP.RS). Turkish Energy Minister Taner Yildiz said two planned pipeline projects--one linking Samsun on Turkey's Black Sea coast to the port of Ceyhan on the Mediterranean, and another linking Burgas in Bulgaria to Alexandroupolis in Greece--could well absorb 50 million metric tons of oil a year. That would equal to one third of the oil volume passing through the Straits, he underlined. He estimated that it would take "three of four years" to build the planned pipelines. The talks however didn't touch upon the creation of a fund to cover the cost of a possible disaster, initially proposed by Ankara, Yildiz said. "The most important thing is that we agreed with the companies on the existence of the problem...We have initiated a process," he added. The two straits constitute the main naval route for Ukrainian and Russian vessels to reach the rest of the world. The Bosporus Strait, the fourth busiest waterway in the world, is particularly difficult to navigate because of its sinuous geography and treacherous currents as well as constant ferry traffic carrying the city's inhabitants between the waterway's western and eastern shore. (END) Dow Jones Newswires July 01, 2010 10:48 ET (14:48 GMT)
More News
23 Jan 2024 08:47

LONDON MARKET OPEN: Stocks see muted open; oil majors rise

(Alliance News) - Stock prices in London opened largely flat on Tuesday, failing to capitalise on broadly positive market sentiment elsewhere.

Read more
22 Jan 2024 19:33

Trinidad in talks with Europe to supply Venezuelan gas

PORT OF SPAIN, Jan 22 (Reuters) - Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.

Read more
22 Jan 2024 10:44

SDI promotes Chief Operating Officer Stephen Brown to chief executive

(Alliance News) - SDI Group PLC on Monday said its chief executive officer has stepped down, naming its chief operating officer as successor.

Read more
18 Jan 2024 21:47

Three New England states extend offshore wind solicitation due date

Jan 18 (Reuters) - Massachusetts, Connecticut and Rhode Island extended on Thursday the date bids are due in the states' next offshore wind solicitations from Jan. 31 to March 27.

Read more
18 Jan 2024 20:32

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:

Read more
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.

Read more
17 Jan 2024 12:10

BP's Auchincloss named CEO, reaffirms energy transition plan

Auchincloss was interim CEO

*

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

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.