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Share Price Information for BP (BP.)

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Share Price: 491.95
Bid: 492.00
Ask: 492.05
Change: 2.65 (0.54%)
Spread: 0.05 (0.01%)
Open: 491.00
High: 493.10
Low: 490.50
Prev. Close: 489.30
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UPDATE 1-UK Brent oil system still shut after Cormorant leak

Sun, 03rd Mar 2013 10:03

DUBAI, March 3 (Reuters) - The UK Brent oil pipeline systemremained shut on Sunday as the operator of the Cormorant Alphaplatform in the North Sea investigated a leak of hydrocarbonsinto one of the platform's legs, the operator said.

The closure, the second time the system has been closed inseven weeks, started on Saturday after the leak was found at the10,000 barrel per day (bpd) platform and the 80,000 bpd Brentpipeline system was shut as a precaution.

TAQA had shut the Brent pipeline system for a few days inmid January after discovering an oil leak in one of CormorantAlpha's legs. The weekday closure supported global oil pricesbecause Brent is one of the four North Sea oils used as abenchmark to price oil around the world.

A spokesman for the platform's operator, Abu Dhabi-basedTAQA, gave no indication of when the Brent system orplatform connected to it might re-open.

"The release remained within the platform leg and nohydrocarbons entered the environment," Abu Dhabi National EnergyCo (TAQA) said in a statement on its website.

"TAQA personnel are addressing the situation on CormorantAlpha and are working with partners to have the Brent pipelinesystem operational as soon as possible," it added.

TAQA said 71 non-essential personnel were evacuated from theplatform on Saturday but there were no injuries to any workers.

The Brent system is jointly owned by 21 companies. Itconsists of part of the processing systems and structure on theCormorant Alpha platform, operated by TAQA, as well as apipeline connecting Cormorant Alpha to the BP -operatedSullom Voe Oil Terminal in the Shetland Islands.

Brent crude last traded Friday at $110.40 a barrel.The market is closed on Saturday and Sunday.

Cormorant Alpha also handles oil from the Dunlin, Thistle,Northern producer, Murchison, North Alwyn, Tern, Eider and NorthCormorant Platforms.

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(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.

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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.

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(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.

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(Sharecast News) - Jefferies upgraded BP on Monday to 'buy' from 'hold' and lifted the price target to 570p from 520p.

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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.

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LONDON MARKET MIDDAY: FTSE 100 flat as strong start fades

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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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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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