Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. 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: 471.65
Bid: 471.55
Ask: 471.65
Change: 1.15 (0.24%)
Spread: 0.10 (0.021%)
Open: 468.40
High: 473.15
Low: 467.30
Prev. Close: 470.50
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 2-Grangemouth strike vote raises fears of N.Sea oil disruption

Fri, 27th Sep 2013 16:42

* Refinery outage could cause disruption to Forties grade

* Strike prompted by alleged victimisation of worker

* Decision to be made by union on Monday or Tuesday

By Simon Falush

LONDON, Sept 27 (Reuters) - Workers at the 210,000barrel-per-day (bpd) oil refinery in Grangemouth, Scotland votedon Friday in favour of strike action, raising fears ofdisruption to North Sea oil supplies that could drive up thebenchmark oil price.

Steam from the Grangemouth refinery, owned by PetroIneos, powers the adjoining Kinneil terminal,which receives oil from a pipeline carrying North Sea Forties,one of the four crudes that underpins the Brent oil benchmark.

"It could be very bullish for Brent...due to the Kinneiltie-up with the refinery," one trader said.

A strike at the refinery in 2008 led to concerns about oilsupplies and queues at petrol stations around Scotland as wellas pushing gasoil futures to a record high.

Brent oil rose following the news on Friday,reversing direction from a fall earlier in the day.

Over 80 percent of the workers balloted voted in favour ofstrike action over operator Ineos's treatment of a unionorganiser and worker, Stephen Deans, who is at the centre of adisciplinary action, the union said on Friday.

A decision on the next steps for industrial action would betaken will be made after the weekend, Pat Rafferty, Scotland'sRegional Secretary told Reuters.

"We've clearly got a strong mandate. We're consulting without shop stewards and will notify the company on Monday orTuesday."

Ineos is investigating Deans over whether his politicalactivities with the Labour Party contravened company policy, andaccuses the union of interfering with its inquiry.

"Ineos will not be bullied by the union's behaviour. Therecannot be one rule for union officials and one rule for everyoneelse," said Calum MacLean, chairman of Ineos Petrochemicals UK.

Ineos said that the investigation into Deans will becompleted by Oct. 25.

The Forties pipeline was expected to load about 329,000 bpdin October.

A spokeswoman for BP, which operates Kinneil,confirmed that it relies on steam from Grangemouth but said shecould not comment on the impact of a possible strike.

Relations between the workforce and Ineos, already strainedby the investigation into Deans, were put under further pressureafter comments about the future of the chemical plant.

MacLean said last week the plant could close by 2017 unlessit cuts pension costs and got government support.

More News
Today 15:15

UK dividends calendar - next 7 days

Monday 24 June 
Aberforth Split Level Income Trust PLCdividend payment date
Bluefield Solar Income Fund Ltddividend payment date
Coca-Cola HBC AGdividend payment date
Gemfields Group Ltddividend payment date
Jersey Electricity PLCdividend payment date
M&C Saatchi PLCdividend payment date
Manx Financial Group PLCdividend payment date
Niox Group PLCdividend payment date
Shell PLCdividend payment date
Weiss Korea Opportunity Fund Ltddividend payment date
Tuesday 25 June 
Kingfisher PLCdividend payment date
Wednesday 26 June 
CRH PLCdividend payment date
Tharisa PLCdividend payment date
Thursday 27 June 
abrdn Equity Income Trust PLCdividend payment date
Alfa Financial Software Holdings PLCdividend payment date
B&M European Value Retail SAex-dividend payment date
Berkeley Group Holdings PLCex-dividend payment date
BlackRock Smaller Cos Trust PLCdividend payment date
BP Marsh & Partners PLCex-dividend payment date
British American Tobacco PLCex-dividend payment date
British Smaller Cos VCT PLCex-dividend payment date
Burberry Group PLCex-dividend payment date
Caledonia Investments PLCex-dividend payment date
Cardiff Property PLCdividend payment date
Chelverton UK Dividend Trust PLCex-dividend payment date
Concurrent Technologies PLCex-dividend payment date
Cordiant Digital Infrastructure Ltdex-dividend payment date
discoverIE Group PLCex-dividend payment date
Downing Strategic Micro-Cap Investment Trust PLCex-dividend payment date
Ecofin US Renewables Infrastructure Trust PLCex-dividend payment date
F&C Investment Trust PLCex-dividend payment date
Foresight Enterprise VCT PLCex-dividend payment date
Franchise Brands PLCex-dividend payment date
Hargreave Hale AIM VCT PLCex-dividend payment date
Helical PLCex-dividend payment date
JPMorgan European Discovery Trust PLCex-dividend payment date
JPMorgan Global Emerging Marktes Income Trust PLCex-dividend payment date
Lowland Investment Co PLCex-dividend payment date
Mears Group PLCex-dividend payment date
Mobeus Income & Growth 2 VCT PLCdividend payment date
Norcros PLCex-dividend payment date
Octopus AIM VCT 2 PLCdividend payment date
Octopus AIM VCT 2 PLCspecial dividend payment date
Panther Securities PLCex-dividend payment date
Personal Assets Trust PLCex-dividend payment date
Premier Foods PLCex-dividend payment date
Renewi PLCex-dividend payment date
Residential Secure Income PLCex-dividend payment date
Serica Energy PLCex-dividend payment date
Sirius Real Estate Ltdex-dividend payment date
Tatton Asset Management PLCex-dividend payment date
TR Property Investment Trust PLCex-dividend payment date
Urban Logistics REIT PLCex-dividend payment date
Value & Indexed Property Income Trust PLCex-dividend payment date
Vertu Motors PLCex-dividend payment date
Virgin Money UK PLCex-dividend payment date
Friday 28 June 
AJ Bell PLCdividend payment date
Albion Technology & General VCT PLCdividend payment date
Alliance Trust PLCdividend payment date
Anexo Group PLCdividend payment date
Balanced Commercial Property Trust Ltddividend payment date
BlackRock World Mining Trust PLCdividend payment date
BP PLCdividend payment date
British Smaller Cos VCT2 PLCdividend payment date
Card Factory PLCdividend payment date
CT UK Capital & Income Investment Trust PLCdividend payment date
Develop North PLCdividend payment date
Diversified Energy Co PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
Eleco PLCdividend payment date
Empiric Student Property PLCdividend payment date
Energean PLCdividend payment date
Equals Group PLCdividend payment date
Fair Oaks Income Ltddividend payment date
Fair Oaks Income Ltd Realisationdividend payment date
FDM Group Holdings PLCdividend payment date
Foresight VCT PLCdividend payment date
H&T Group PLCdividend payment date
Henderson European Focus Trust PLCdividend payment date
HICL Infrastructure PLCdividend payment date
Hilton Food Group PLCdividend payment date
Imperial Brands PLCdividend payment date
JLEN Environmental Assets Group PLCdividend payment date
JTC PLCdividend payment date
Keller Group PLCdividend payment date
Keywords Studios PLCdividend payment date
Learning Technologies Group PLCdividend payment date
Lords Group Trading PLCdividend payment date
LSL Property Services PLCdividend payment date
Microlise Group PLCdividend payment date
NextEnergy Solar Fund Ltddividend payment date
Nexus Infrastructure PLCdividend payment date
On the Beach Group PLCdividend payment date
One Media iP Group PLCdividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
Renewables Infrastructure Group PLCdividend payment date
RM Infrastructure Income PLCdividend payment date
Sage Group PLCdividend payment date
Schroder Real Estate Investment Trust Ltd dividend payment date
SDCL Energy Efficiency Income Trust PLCdividend payment date
Spectra Systems Corpdividend payment date
Spectris PLCdividend payment date
SSP Group PLCdividend payment date
Temple Bar Investment Trust PLCdividend payment date
Tesco PLCdividend payment date
Triple Point Social Housing REIT PLCdividend payment date
Ultimate Products PLCdividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
VH Global Sustainable Energy Opportunities PLCdividend payment date
Victrex PLCdividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
20 Jun 2024 21:19

BP to buyout Bunge's stake in Brazilian JV in USD1.4 billion deal

(Alliance News) - BP PLC on Thursday said it has agreed to buy Bunge's 50% stake in the BP Bioenergia SA joint venture for USD1.4 billion.

Read more
20 Jun 2024 17:38

BP to buy out Bunge's stake in Brazilian biofuels JV in $1.4 bln deal

LONDON, June 20 (Reuters) - BP has agreed to buy grain trader Bunge's 50% stake in Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for $1.4 billion in a bet on growing demand for low-carbon biofuels.

Read more
20 Jun 2024 16:48

Carlyle creates new Med oil and gas company with $945 mln Energean deal

LONDON, June 20 (Reuters) - Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private equity fund agreed to acquire Energean's assets in Egypt, Italy and Croatia for up to $945 million, the companies said on Thursday.

Read more
15 Jun 2024 00:04

Crew evacuated from Greek-owned vessel hit by Houthis

MANILA/LONDON, June 14 (Reuters) - The crew of a Greek-owned vessel damaged in an attack by Yemeni Houthi militants has been evacuated, and the abandoned ship is drifting in the Red Sea, the United Kingdom Maritime Trade Operations said on Friday.

Read more
13 Jun 2024 16:22

Ukraine agrees on first LNG supply deal with US company Venture Global

June 13 (Reuters) - Ukraine signed on Thursday its first liquefied natural gas (LNG) deal with a U.S. company to help to avert an energy supply crunch amid a war with its bigger neighbour Russia.

Read more
11 Jun 2024 16:00

Woodside's Sangomar project produces first oil in Senegal

DAKAR, June 11 (Reuters) - Senegal's Sangomar oil and gas field has produced its first oil, operator Woodside Energy said on Tuesday, adding that the drilling campaign was ongoing.

Read more
11 Jun 2024 13:31

OPEC keeps global oil demand forecasts unchanged

(Sharecast News) - The Organisation of the Petroleum Exporting Countries kept its short-term global oil demand forecasts unchanged.

Read more
10 Jun 2024 23:46

Sector movers: Oil majors catch a bid after nearly a month of share price declines

(Sharecast News) - Oil & Gas shares caught a bid on Monday, tracking a rebound in oil prices after about two month's of losses, despite strength in the Greenback.

Read more
10 Jun 2024 22:44

California seeks company profits in Big Oil climate lawsuit

June 10 (Reuters) - California's attorney general on Monday sought to force the world's biggest oil companies to give up profits the state alleges they made while deceiving consumers about their role in contributing to climate change.

Read more
10 Jun 2024 21:48

California seeks company profits in Big Oil climate lawsuit

June 10 (Reuters) - California's attorney general on Monday sought to force the world's biggest oil companies to give up profits the state alleges they made while deceiving consumers about their role in contributing to climate change.

Read more
10 Jun 2024 15:37

Supreme Court seeks US government views on Honolulu climate suit against oil companies

WASHINGTON, June 10 (Reuters) - The U.S. Supreme Court on Monday asked President Joe Biden's administration to offer its views on a bid by Sunoco and other oil companies to scuttle a lawsuit by Honolulu accusing them of deceiving the public about climate change.

Read more
4 Jun 2024 17:16

European shares snap three-day winning streak on commodities' drag

Energy shares hit over two-month lows, biggest drag

*

Read more
4 Jun 2024 17:03

Sector movers: Miners, Big Oil weigh on FTSE 350

(Sharecast News) - Commodity related stocks were the chief drag on the FTSE 350 amid a combination of growth concerns and risk aversion.

Read more
4 Jun 2024 17:01

London stocks log declines as losses in miners weigh

FTSE 100 down 0.4%, FTSE 250 falls 0.9%

*

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.