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Share Price: 493.30
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UPDATE 1-Norway gets bids from 38 oil firms in licensing round

Fri, 07th Sep 2018 13:09

OSLO, Sept 7 (Reuters) - A total of 38 oil companies havesubmitted bids for exploration acreage offshore Norway in aso-called predefined areas (APA) licensing round, the country'senergy ministry said on Friday.

Bidders include oil majors Shell, ConocoPhillipsand Total, as well as Norway's Equinorand Aker BP, Sweden's Lundin andItaly's Eni.

The total number of bidders was almost as high as the record39 in the previous APA round last year.

When announcing the round in May, the government expandedthe pre-defined areas near existing discoveries by a total of103 blocks in the Norwegian and the Barents Seas.

Norway's right-wing government wants oil companies toexplore more on the Norwegian continental shelf, especially inthe Arctic Barents Sea, which is estimated to hold more thanhalf of undiscovered resources on the shelf.

"The oil companies showing such interest in exploration onthe Norwegian continental shelf is important for future valuecreation, jobs and government revenues from Norway's largest andmost important industry," Norway's Oil and Energy MinisterKjell-Boerge Freiberg said.

About 170,000 people are directly or indirectly involved inthe petroleum industry in the Nordic country of 5.3 million, theministry said.

Environmentalists and some opposition politicians, however,have called on the Norwegian government to stop exploring fornew oil and gas resources to reduce global carbon emissions.

The ministry plans to award licences in early 2019, itadded.(Reporting by Ole Petter Skonnord, editing by Nerijus Adomaitisand Mark Potter)

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15 Feb 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 flat as strong start fades

(Alliance News) - The FTSE 100 tread water on Thursday afternoon, as share price declines for some of London's heavyweights offset a strong start for the index, which got a boost from Bank of England rate cut hopes.

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15 Feb 2024 09:17

BP hails arrival of LNG vessel at project off Senegal and Mauritania

(Alliance News) - BP PLC on Thursday celebrated the arrival of a gas vessel offshore west Africa, which it called a "major milestone" for its project there.

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14 Feb 2024 12:01

BP and Adnoc form gas joint venture in Egypt to boost capabilities

(Alliance News) - BP PLC on Wednesday said it will form a joint venture with Abu Dhabi National Oil Co in Egypt, under which BP will contribute its interests in three development concessions.

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14 Feb 2024 10:27

BP and Adnoc agree Egyptian joint venture

(Sharecast News) - BP has agreed a new joint venture in Egypt with long-standing partner Adnoc, it was confirmed on Wednesday.

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11 Feb 2024 09:27

PRESS: BP to book USD700 million windfall on UK tax changes - FT

(Alliance News) - BP PLC is set to book a USD700 million windfall due to UK tax changes aimed at boosting corporate pension fund investment in the economy, the Financial Times reported on Saturday.

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9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

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8 Feb 2024 16:06

UK dividends calendar - next 7 days

Friday 9 February 
AJ Bell PLCdividend payment date
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Monday 12 February 
no events scheduled 
Tuesday 13 February 
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Mondi PLCspecial dividend payment date
Wednesday 14 February 
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Thursday 15 February 
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Balanced Commercial Property Trust Ltdex-dividend payment date
BioPharma Credit PLCex-dividend payment date
BP Marsh & Partners PLCex-dividend payment date
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Henderson Opportunities Trust PLCex-dividend payment date
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Invesco Select Trust PLC Global Equity Incomedividend payment date
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JPMorgan European Growth & Income PLCex-dividend payment date
Knights Group Holdings PLCex-dividend payment date
M Winkworth PLCdividend payment date
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Mattioli Woods PLCex-dividend payment date
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NextEnergy Solar Fund Ltdex-dividend payment date
Pershing Square Holdings Ltdex-dividend payment date
PRS REIT PLCex-dividend payment date
Ramsdens Holdings PLCex-dividend payment date
Schroder UK Mid Cap Fund PLCex-dividend payment date
Shell PLCex-dividend payment date
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UK Commercial Property REIT Ltdex-dividend payment date
  
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6 Feb 2024 17:39

London close: Stocks manage gains as oil prices rise

(Sharecast News) - London's financial markets finished with a positive performance on Tuesday, driven by encouraging data from the UK construction sector and BP's share buyback expansion.

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6 Feb 2024 17:04

LONDON MARKET CLOSE: BP and Prudential help snap FTSE losing streak

(Alliance News) - Stock prices in London pushed higher on Tuesday, with the FTSE 100 registering its first rise in four trading days, with oil major BP the star performer.

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6 Feb 2024 12:10

LONDON MARKET MIDDAY: BP tops FTSE 100 index on buyback promise

(Alliance News) - The FTSE 100 was higher at midday Tuesday, despite lingering unease in equity markets on US interest rate worries, while BP led the way among London's large-caps as it announced a buyback plan.

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6 Feb 2024 09:04

TOP NEWS: BP promises buybacks and hikes dividend despite profit fall

(Alliance News) - BP PLC on Tuesday reaffirmed it is sticking to its commitment to share buybacks despite reporting a profit decline amid a fall in oil prices.

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6 Feb 2024 08:53

LONDON MARKET OPEN: BP jumps after unveiling share buyback

(Alliance News) - The FTSE 100 in London opened higher on Tuesday, with oil major BP at the top of the index, thanks to its new share buyback programme.

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6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

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6 Feb 2024 07:02

BP unveils $1.75bn buyback as 2023 profits halve on weaker oil price

(Sharecast News) - Shares in BP surged on Tuesday as the energy giant announced a $1.75bn share buyback despite a slump in annual profits as oil prices fell during 2023 from the spike caused by Russia's invasion of Ukraine.

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2 Feb 2024 17:12

LONDON MARKET CLOSE: Stocks mixed as US jobs data dashes rate cut hope

(Alliance News) - Stock prices in London closed mixed, after hotter-than-expected US jobs data hit already precarious investor sentiment and all but ensured the Federal Reserve will not be cutting interest rates next month.

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