Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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: 471.20
Bid: 471.25
Ask: 471.35
Change: 0.70 (0.15%)
Spread: 0.10 (0.021%)
Open: 468.40
High: 472.45
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

UPDATE 1-BP to suspend operations at Caspian Sea platform

Thu, 17th Sep 2015 07:33

(Adds details, background)

BAKU, Sept 17 (Reuters) - BP is to suspend operationsat one of its platforms in the Caspian Sea for plannedmaintenance, a spokeswoman for BP Azerbaijan said on Thursday.

"Chirag oil platform will be suspended this autumn," TamamBayatly said by telephone.

She did not specify when the maintenance was expected tostart and how long it would last.

Chirag is one of main offshore oilfields in Azerbaijanoperated by BP.

The company had suspended operations at another majorplatform in the Caspian Sea, West Azeri, for planned maintenanceon May 21 for 22 days.

Crude oil and condensate production in Azerbaijan fell to27.9 million tonnes in the first eight months of 2015 from 28.6million tonnes a year earlier, mainly due to declining output atthe Azeri, Chirag and Guneshli fields, according to officialAzeri statistics.

Daily oil output at these oilfields, which account for mostof Azerbaijan's production, fell to an average 641,000 barrelsper day (bpd) in the first half of 2015 from 656,000 bpd in thesame period last year and 661,000 bpd in the first quarter ofthis year, BP said in August.

Crude oil and condensate production in Azerbaijan fell to41.9 million tonnes last year from 43.1 million in 2013. Naturalgas output was 29.2 bcm in 2014, according to Azeri statistics.

Oil production rose to 14.2 million tonnes in the first fourmonths of 2015 from 13.6 million a year earlier, but started todecline in May as BP suspended operations at West Azeri.

BP and its partner, SOCAR, said in 2013 that production hadstabilised. Total oil output rose in 2013 for the first timesince 2011, but the decline resumed in 2014.

Azerbaijan plans to produce 40.7 million tonnes of oil and30.2 bcm of gas in 2015. (Reporting by Nailia Bagirova; Writing by Margarita Antidze;Editing by Jack Stubbs and Jane Merriman)

More News
18 Apr 2024 08:11

BP cuts size of executive team, shakes up structure

(Sharecast News) - BP has trimmed its executive team as part of a shake-up of its organisational structure, it was confirmed on Thursday.

Read more
17 Apr 2024 18:58

Shell urges investors to reject shareholder group's climate demands

LONDON, April 17 (Reuters) - Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, that called on the energy company to set tighter climate targets.

Read more
17 Apr 2024 17:36

Sustainable Finance Newsletter - Republican AGs look to limit climate groups

April 17 (Reuters) - In prior newsletters I have reported on the ongoing review by U.S. energy regulators of top asset managers' big utility holdings.

Read more
17 Apr 2024 13:55

Shell urges investors to reject shareholder group's climate demands

LONDON, April 17 (Reuters) - Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, urging the energy company to set tighter climate targets.

Read more
17 Apr 2024 10:38

Carbon Done Right advances Sierra Leone rewilding project

(Alliance News) - Carbon Done Right Developments Inc on Wednesday said it has received the fourth disbursement of financing for its reforestation project in West Africa.

Read more
15 Apr 2024 17:10

LONDON MARKET CLOSE: Investors show nerves after Iran launches drones

(Alliance News) - Stock prices in London closed down on Monday, as tensions in the Middle East weighed on investors, with resources sliding as commodity prices fell.

Read more
15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

Read more
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

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.