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: 515.80
Bid: 516.20
Ask: 516.40
Change: 6.40 (1.26%)
Spread: 0.20 (0.039%)
Open: 508.50
High: 517.60
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-Norway sees dip in oil firms applying for drilling permits

Wed, 09th Sep 2015 11:18

(Adds energy minister's quote, background)

OSLO, Sept 9 (Reuters) - A total of 43 oil firms have askedfor drilling permits in Norway's annual licensing round inso-called mature areas of its continental shelf, down from 47last year, the country's Oil and Energy Ministry said onWednesday.

Statoil, BP and Royal Dutch Shell were among the applicants, it added.

Norway, western Europe's biggest energy producer, regularlyoffers blocks that were either handed back or not taken inprevious rounds as technological advances and nearby discoveriesimprove exploration prospects over time.

Plunging crude prices have led to a sharp decline ininvestments by oil firms on Norway's continental shelf thisyear, leading to higher unemployment and concerns that thecountry's most important industry will continue to contract.

"Giving extensive and predictable access to attractiveexploration acreage is among the most important things thegovernment can do to sustain a high, long-term activity level inthe industry," Energy Minister Tord Lien said in a statement.

Unlike many other oil and gas producers, Norway hands outlicences for free and subsidizes both exploration anddevelopment costs before imposing a 78 percent tax onproduction.

Among the new blocks included in the 2015 mature round areacreage near Statoil's Aasta Hansteen gas field, LundinPetroleum's Alta and Gohta finds and blocks near thesmaller Pil and Bue discoveries, the ministry has said.

Mature areas licensing rounds have led to a plethora ofdiscoveries in recent years and even part of the giant JohanSverdrup field, with up to 3 billion barrels of oil equivalentswas found through such an award.

The government is expected to decide on the allocation ofresources in early 2016.

Norway is also conducting a separate licensing round forfrontier areas with a focus on Arctic areas and expectsapplications until Dec. 2. (Reporting by Terje Solsvik, editing by Alister Doyle and SusanThomas)

More News
29 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks slightly down pre US Fed, Bank of England

(Alliance News) - Stock prices in London closed mutedly lower on Monday, ahead of a busy week of interest rate decisions and economic data.

Read more
29 Jan 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 nudges higher ahead of rate decisions

(Alliance News) - Stock prices in London were mixed going into Monday afternoon, ahead of a busy week of interest rate decisions and economic data.

Read more
29 Jan 2024 08:41

LONDON MARKET OPEN: BP, Shell higher amid Middle East tensions

(Alliance News) - Stock prices in Europe opened mostly lower, ahead of an important week of central bank decisions and economic data.

Read more
26 Jan 2024 23:06

Equinor, Orsted bid for better contract in NY offshore wind auction

Jan 26 (Reuters) - New York State said on Friday it received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.

Read more
26 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks up as Fed's preferred inflation read cools

(Alliance News) - Stock prices in London closed up on Friday, as investors predicted and responded positively to a cooling inflation read in the US.

Read more
26 Jan 2024 13:16

Equinor sticks to 2030 renewables targets after US wind project reset

OSLO, Jan 26 (Reuters) -

Read more
26 Jan 2024 12:11

LONDON MARKET MIDDAY: China growth measures and LVMH lift mood

(Alliance News) - Stock prices in London were up at midday, with investors optimistic ahead of a key US inflation reading.

Read more
26 Jan 2024 10:03

Equinor sticks to 2030 renewables targets after US wind reshuffle

OSLO, Jan 26 (Reuters) - Norway's Equinor maintains an ambition to reach 12-16 gigawatts (GW) of installed renewable energy capacity by 2030, despite dropping out of some projects in New York, its renewables head told Reuters on Friday.

Read more
26 Jan 2024 08:48

LONDON MARKET OPEN: Oil majors boost FTSE; LVMH lifts Burberry

(Alliance News) - The FTSE 100 looked set to end the week on a high note in early Friday trading, buoyed by strong US economic data and rising oil prices.

Read more
25 Jan 2024 11:00

Big turnout expected in New York offshore wind power auction

Jan 25 (Reuters) - Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.

Read more
23 Jan 2024 17:25

BP sees Trinidad deepwater gas project getting greenlight as soon as 2025

PORT OF SPAIN, Jan 23 (Reuters) - BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.

Read more
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

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.