Roundtable Discussion; The Future of Mineral Sands. 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: 512.20
Bid: 512.00
Ask: 512.20
Change: 2.80 (0.55%)
Spread: 0.20 (0.039%)
Open: 508.50
High: 512.60
Low: 503.60
Prev. Close: 509.40
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 Whiting refinery unit may restart soon, avoiding long outage

Thu, 20th Aug 2015 21:26

(Updates throughout, adds comment from BP)

NEW YORK, Aug 20 (Reuters) - BP Plc's Whiting,Indiana, refinery, whose partial closure nearly two weeks agohas roiled global oil markets, may restart a key crude oil unitweeks earlier than expected, according to sources and apublished report.

The plant may restart the 240,000-barrel-per-day (bpd)Pipestill 12, the largest crude oil unit at Whiting, as soon asthis weekend after it was able to make temporary repairs,industry publication Energy News Today reported. The unit shuton Aug. 8 after a leak in a heat exchanger, and early reportssuggested it could remain offline for one or two months.

The plant is able to temporarily repair equipment, so thatit would not have to wait for replacement parts to arrive, ENTsaid.

People familiar with the 413,500 bpd refinery also toldReuters that inspections had not revealed extensive damage tothe equipment, likely allowing the unit to resume operations inless than a month. One of the people said it was possible theplant could attempt to restart at the weekend.

A BP spokesperson declined to comment on restart plans.

The unexpected outage and threat of prolonged repairs senttremors through global oil markets, causing a spike in regionalgasoline pump rates, depressing Canadian cash crude prices andthreatening to add to a glut of oil expected to accumulate inCushing, Oklahoma, weighing on U.S. oil prices.

Talk that the plant might not be shut as long as fearedhelped narrow the Brent/WTI spread by more than50 cents a barrel on Thursday. It narrowed a further 20 cents inafter-hours trading following the ENT report.

Production at the plant has fallen to about 165,000 bpd withthe unit offline, according to people familiar with the plant. (Reporting By Jessica Resnick-Ault; Editing by Bernard Orr andJonathan Oatis)

More News
5 Apr 2024 08:47

LONDON MARKET OPEN: Europe slumps on US rate worry and rising tensions

(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish remarks from US central bankers.

Read more
4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

Read more
4 Apr 2024 11:58

LONDON MARKET MIDDAY: Stocks up as Fed chair calms some rate nerves

(Alliance News) - Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell.

Read more
2 Apr 2024 23:07

Sector movers: Builders and REITS slip, geopolitics boost Big Oil and gold miners

(Sharecast News) - Personal Goods was at the bottom of the pile on the FTSE 350 at the start of the second quarter, as fashion retailer Burberry Group's shares fell back towards their five-year lows.

Read more
2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
2 Apr 2024 11:00

Biden administration approves eighth US offshore wind project

WASHINGTON, April 2 (Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.

Read more
2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

Read more
2 Apr 2024 08:55

European oil stocks gain on expectations for higher demand, supply concerns

Read more
28 Mar 2024 10:00

How the oil industry is thriving despite Joe Biden's climate policies

GRAPHIC on Biden's oil boom: https://www.reuters.com/graphics/USA-BIDEN/OIL/lgpdngrgkpo/

By Nichola Groom, Jarrett Renshaw

Read more
27 Mar 2024 20:59

New England offshore wind auction draws multiple bidders

March 27 (Reuters) -

Read more
27 Mar 2024 12:47

Ithaca Energy gets bid rights on Eni's UK assets, profit slips

March 27 (Reuters) - Ithaca Energy has been given a four-week exclusivity period by Italy's Eni, to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.

Read more
27 Mar 2024 09:01

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

*

Read more
27 Mar 2024 08:31

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

*

Read more
25 Mar 2024 16:51

LONDON MARKET CLOSE: Renewed global tensions put pressure on stocks

(Alliance News) - Stock prices in London started the week in bad shape and closed lower on Monday, as investors sat on their hands amid rising global tensions.

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.