Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. 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: 491.25
Bid: 491.35
Ask: 491.40
Change: -0.05 (-0.01%)
Spread: 0.05 (0.01%)
Open: 492.20
High: 497.10
Low: 491.15
Prev. Close: 491.30
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-Output from BP's Azeri oil projects edges down to 31.3 mln T

Mon, 29th Feb 2016 11:17

(Adds detail, background)

BAKU, Feb 29 (Reuters) - Production at BP-led oilfields in Azerbaijan edged down to 31.3 million tonnes lastyear, from 31.5 million tonnes in 2014, BP-Azerbaijan said onMonday, contributing to a fall in the country's total output.

Declines at the Azeri-Chirag-Guneshli (ACG) fields, whichaccount for most of Azerbaijan's oil output, have raised concernin the former Soviet republic.

BP said that the consortium spent about $760 million inoperating expenditure and $1.9 billion in capital expenditure onACG activities in 2015.

The company added that 296 million barrels of oil andcondensate had been exported from the Sangachal terminal in2015, down slightly from the 298.5 million barrels exported theprevious year.

Azerbaijan's crude oil and condensate production in 2015fell by 0.8 percent year on year to 41.7 million tonnes, theState Statistics Committee said in January, after plannedmaintenance suspended output at a number of fields.

Output started to decline in May last year as BP suspendedoperations at one platform in the Caspian Sea, West Azeri, for22 days of planned maintenance.

BP suspended operations at another platform, Chirag, on Nov.10. Production resumed after the planned maintenance on Dec. 11.

Natural gas output from the Shah Deniz offshore fields inAzerbaijan was 9.9 billion cubic metres (bcm) last year, thesame as the previous year.

Shah Deniz is developed by a group of investors including BPand Azeri state energy company SOCAR. It is estimated to containbetween 1.2 trillion and 1.5 trillion cubic metres of gas.

Shah Deniz I has been pumping gas since 2006 and gas fromits second stage is expected to reach Europe by 2019/20.

Azerbaijan's natural gas production rose to 29.7 billioncubic metres (bcm) last year, from 29.4 bcm a year earlier.

BP said that the Shah Deniz consortium had spent about $482million in operating expenditure and $4.37 billion in capitalexpenditure last year. (Reporting by Nailia Bagirova and Margarita Antidze; Writing byMargarita Antidze and Maria Kiselyova; Editing by David Goodman)

More News
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
4 Mar 2024 08:59

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

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
4 Mar 2024 08:55

LONDON MARKET OPEN: Review cuts Hipgnosis Songs Fund valuation

(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.

Read more
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.

Read more
22 Feb 2024 09:49

LONDON BROKER RATINGS: Berenberg raises Moneysupermarket.com to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
15 Feb 2024 16:52

LONDON MARKET CLOSE: Stocks in green despite UK hit by recession

(Alliance News) - Stock prices in London closed higher on Thursday, after data showed that the UK economy slipped into recession in the final quarter of 2023, buoying hopes for interest rate cuts from the Bank of England.

Read more
15 Feb 2024 14:55

London close: Stocks manage gains despite UK recession news

(Sharecast News) - London markets had a mixed but ultimately positive day of trading on Thursday, despite news that the UK fell into a technical recession at the end of 2023.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

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.