We would love to hear your thoughts about our site and services, please take our survey 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: 510.90
Bid: 510.80
Ask: 511.00
Change: 1.50 (0.29%)
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-Rosneft-Exxon JV gets boost from new Arctic oil licences

Wed, 13th Feb 2013 13:20

* Rosneft says to expand cooperation with Exxon

* Rosneft set to fold new licences into JV with Exxon-source

MOSCOW, Feb 13 (Reuters) - Russia's top oil producer Rosneft will move its new licences into its tie-up with NorthAmerican major ExxonMobil to tap into the country's vastArctic resources, a source close to the Russian company said.

Earlier on Wednesday, Rosneft Chief Executive Igor Sechintold reporters the company is set to sign a new agreement withsome of its partners in offshore projects but did not elaboratefurther.

"That would be some of the 12 licences that Rosneft hasrecently acquired," the source said.

Rosneft and ExxonMobil spokespersons declined comments.

The source said the company would fold in some of the 12 newoffshore licences it has been awarded to tap oil and gas in theBarents, Kara, Laptev and Chukchi seas into a joint venture withthe North American major.

Rosneft and Exxon have already agreed to jointly taphydrocarbon deposits in Russia's Arctic waters and in NorthAmerica.

In addition to its tie-up with Exxon, Rosneft has partneredNorway's Statoil and Italy's Eni to developoffshore oil and gas.

TNK-BP FINANCING DEAL

Rosneft also confirmed on Wednesday it had signed a $14.2billion financing deal to back its purchase of half of TNK-BP from a consortium of Soviet billionaires.

Rosneft struck a deal last year to buy Anglo-Russian oilfirm TNK-BP from its joint owners - the AAR consortium and BP - for $55 billion. In December it raised $16.8 billion inbank loans to finance a buyout of the British oil major's stake.

Earlier this week, banking sources told Reuters that Rosneftwas scheduled to sign a $13 billion syndicated loan to back theAAR leg of the deal.

After the TNK-BP acquisition, Rosneft will become theworld's largest listed oil producer with hydrocarbon productionof 4.6 million barrels of oil equivalent a day.

More News
17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

Read more
17 Jan 2024 12:10

BP's Auchincloss named CEO, reaffirms energy transition plan

Auchincloss was interim CEO

*

Read more
17 Jan 2024 08:48

LONDON MARKET OPEN: UK inflation surprises markets sending stocks down

(Alliance News) - Stock prices in London took a hit on Wednesday morning, after some hotter-than-expected UK inflation data added to interest rate worries.

Read more
17 Jan 2024 08:33

TOP NEWS: BP buys Getec Energie; promotes Auchincloss to permanent CEO

(Alliance News) - BP PLC on Wednesday said that it will buy Getec Energie GmbH as it promoted Murray Auchincloss to the role of permanent chief executive officer.

Read more
17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

Read more
17 Jan 2024 07:11

BP names acting CEO Murray Auchincloss as permanent leader

(Sharecast News) - BP has named its former chief financial officer Murray Auchincloss as its permanent chief executive, after having served in an interim capacity for the past four months.

Read more
16 Jan 2024 21:28

PRESS: BP close to naming acting CEO Auchincloss as permanent chief

(Alliance News) - Directors of BP PLC were meeting on Tuesday evening to finalise the appointment of Murray Auchincloss, the company's acting chief executive, as its permanent boss, according to a report.

Read more
16 Jan 2024 16:38

Shell halts Red Sea shipments over attack fears from Yemeni rebels

(Alliance News) -London-based oil major Shell PLC has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday.

Read more
16 Jan 2024 13:13

Shell in Nigeria

LONDON, Jan 16 (Reuters) - Shell pioneered Nigeria's oil and gas industry and remains a major investor in the West African country even after exiting its onshore operations. But over the decades the British company has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fuelled violence.

Read more
12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

Read more
8 Jan 2024 19:48

Shell signs 20-year purchase deal with Canadian Ksi Lisims LNG project

Jan 8 (Reuters) - Global gas giant Shell has agreed to buy two million metric tons of liquefied natural gas (LNG) per year from Ksi Lisims LNG, partners in the proposed Canadian project said on Monday.

Read more
8 Jan 2024 16:59

LONDON MARKET CLOSE: Stocks mixed as eyes on US inflation data

(Alliance News) - Stock prices in London closed mixed Monday, with oil majors holding down higher gains in the FTSE 100 index.

Read more
8 Jan 2024 16:38

London close: Stocks manage positive finish after mixed session

(Sharecast News) - London's financial markets experienced a mixed trading day on Monday, with the FTSE 100 and FTSE 250 indices closing in positive territory after spending much of the session in the red.

Read more
8 Jan 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms in muted start to week

(Alliance News) - Stock prices in London traded lower at the start of the week, with oil firms weighing on then FTSE 100, as investors look ahead to the week's key inflation prints.

Read more
8 Jan 2024 08:40

LONDON MARKET OPEN: Commodity-heavy FTSE 100 heads lower; Shell slips

(Alliance News) - The FTSE 100 kicked off the week on a downbeat note at Monday's market open, amid share price falls for commodity stocks.

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.