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Share Price Information for BP (BP.)

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Share Price: 480.80
Bid: 480.75
Ask: 480.85
Change: -1.75 (-0.36%)
Spread: 0.10 (0.021%)
Open: 479.30
High: 481.20
Low: 477.30
Prev. Close: 482.55
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UPDATE 1-Algeria expects 6 bcm LNG plant to start up this year

Mon, 24th Feb 2014 15:56

ALGIERS, Feb 24 (Reuters) - Algeria will start up a newplant to liquefy natural gas (LNG) this year, with a annualcapacity of 6 billion cubic metres, Energy and Mines MinisterYoucef Yousfi told a state news agency on Monday.

The OPEC member and gas producer, which aims to bolsterproduction in its lagging energy sector, earlier this yearstarted production from a new LNG unit at the eastern town ofSkikda.

"A new unit is expected to come online this year, with thesame capacity," Yousfi told state news agency APS.

He appeared to be referring to a unit that has been underconstruction in the western town of Arzew.

Yousfi also said the In Amenas gas plant, hit by Islamistmilitants attack early last year, would resume full productionin months.

Last month, the minister said he expected the plant to fullyrestart "within weeks".

The plant is currently producing 20 million cubic metres perday out of a total capacity of 30 million cubic metres.

BP, Norway's Statoil < STL.OL> and state-ownedSonatrach jointly operate the facility, in which 40 workers diedduring the attack.

BP and Statoil have withdrawn their staff since the assault,demanding better security conditions, though Algerian officialssay they have met all demands for improved protection.

"Specific measures have been taken to prevent such a tragedyfrom happening again in the future and provide partners withmaximum assurance regarding the safety of their personnel,"Yousfi said on Monday.

Separately, the APS reported that Algeria on Monday startedproduction from a new gas processing plant with a total capacityof 3.6 billion cubic metres per year.

The Gassi Touil plant will be supplied from 42 wells out of52 planned, it said, citing unnamed official at the Sonatrach ata ceremony at the plant in the southern province of Ourgla.

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19 Mar 2024 16:57

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(Alliance News) - Blue-chip stock prices in Europe closed higher on Tuesday, showing little signs of nerves ahead of Wednesday's Federal Reserve decision and UK inflation reading.

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19 Mar 2024 11:52

LONDON MARKET MIDDAY: European markets flat ahead of Fed and BoE

(Alliance News) - Stock prices in London were down at midday on Tuesday, as investors sat on their hands ahead of interest rate decisions from the UK and US.

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LONDON MARKET MIDDAY: FTSE 100 as shakes off pre-interest rate nerves

(Alliance News) - Stock prices in London were higher at midday Monday, as eyes were firmly on interest rate decisions across the globe.

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15 Mar 2024 13:07

IN BRIEF: Costain wins place on GBP4 billion carbon capture project

Costain Group PLC - Maidenhead, Berkshire-based construction and engineering firm - Selected as one of nine specialist partners to deliver a carbon capture project beneath the North Sea off the east cost of England. The engineering, procurement, and construction contracts for the East Coast Cluster have a combined value of around GBP4 billion, Costain says. The contracts will be with Net Zero Teesside Power and the Northern Endurance Partnership. NZT Power is a electricity generating joint venture of the UK's BP PLC and Norway's Equinor. NEP is a joint venture of BP, Equinor and France's TotalEnergies SE that will provide CO2 transport and storage for the East Coast Cluster. Final investment decisions are expected in September or earlier, with the projects aiming for commercial operations from 2027.

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15 Mar 2024 12:11

LONDON MARKET MIDDAY: FTSE 100 underperforms despite mining, oil boost

(Alliance News) - London's FTSE 100 overcame a muted morning to head into Friday afternoon on the up, though its progress was shy of the loftier gains seen by mainland European peers, as investors showed some signs of trepidation ahead of a pair of interest rate decisions next week.

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14 Mar 2024 11:54

BP details green credentials in similar push towards net zero as Shell

(Alliance News) - BP PLC on Thursday outlined similar targets to cut emissions as peer Shell PLC, as both oil and gas majors strive to become net zero for carbon emissions by 2050.

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14 Mar 2024 10:19

BP picks up Ashford site to boost electric charging scope for trucks

(Alliance News) - BP PLC on Thursday stepped up plans to increase its electric charging capacity for heavy goods vehicles by buying one of the largest truck stops in Europe.

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8 Mar 2024 13:42

BP appoints Aviva boss Amanda Blanc as senior independent director

(Sharecast News) - Oil giant BP said on Friday that it has appointed Aviva chief executive Amanda Blanc as senior independent director with effect from after the annual meeting on 25 April.

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8 Mar 2024 12:20

IN BRIEF: BP promotes Aviva chief executive officer to senior director

BP PLC - London-based oil major - Non-Executive Director Amanda Blanc will be appointed as a senior independent director, effective from April 25 at the conclusion of BP's annual general meeting. Blanc joined BP's board in September 2022. She has been group chief executive officer of Aviva PLC since July 2020. Company also says Senior Independent Director Paula Reynolds will retire at the AGM's conclusion, having served on the board for nine years. Non-Executive Director John Sawers will also be retiring.

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8 Mar 2024 10:33

BP pays Auchincloss £8m in 2023, claws back £1.8m from Looney

(Sharecast News) - BP chief executive officer Martin Auchincloss was paid £8m for his services in a particularly prosperous year, it was revealed on Friday, as it managed to claw back a further £1.8m from its former head Bernard Looney.

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4 Mar 2024 15:29

London close: Stocks languish ahead of Wednesday's Budget

(Sharecast News) - London's stock markets finished in the red on Monday, reflecting investor apprehension ahead of the impending Spring Budget.

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4 Mar 2024 10:43

Jefferies upgrades BP to 'buy'

(Sharecast News) - Jefferies upgraded BP on Monday to 'buy' from 'hold' and lifted the price target to 570p from 520p.

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LONDON BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

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(Alliance News) - Stock prices in London opened mostly lower on Monday, as investor attention remained primarily on the release of the UK Spring budget on Wednesday.

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4 Mar 2024 07:41

LONDON BRIEFING: Stocks called down; attention on UK's spring budget

(Alliance News) - Stocks in London are called to open lower, ahead of a busy week of economic news.

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