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Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

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Share Price: 510.40
Bid: 509.40
Ask: 509.50
Change: -5.40 (-1.05%)
Spread: 0.10 (0.02%)
Open: 516.30
High: 516.60
Low: 506.10
Prev. Close: 515.80
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UPDATE: BP: Debris In Relief Well Causes Delay In Static Kill

Fri, 30th Jul 2010 21:59

(Updates with additional details on kill operation from BP executive.) HOUSTON (Dow Jones)--BP PLC'S (BP, BP.LN) attempt to kill the well that spewed millions of gallons of oil in the Gulf of Mexico will be delayed until early next week, as the company cleans up rock debris found at the bottom of a relief well, company officials said Friday. The start of the so-called static kill, previously scheduled for late Sunday or early Monday, is now estimated to start on late Monday night or some time Tuesday, BP Senior Vice President Kent Wells said. The reason for the delay is that rocks fell into the depths of a relief well that is to intersect the damaged Macondo well, and they must be removed before work can continue there. Wells said that the static kill is "ready to go," and that BP has amassed thousands of barrels of drilling fluid in surface ships. Wells said that the well has a capacity of 2,000 barrels, but BP has 12,000 barrels of drilling fluid available in vessels around the Deepwater Horizon site. U.S. authorities say that inserting a pipe down the relief well is necessary to reinforce it before BP can flood the neighboring damaged well with drilling mud to permanently kill the spill. The wells are separated by a 4.5-foot wall of rock. Once the Macondo well is flooded from the top with mud and cement, BP will attempt to flood it from the bottom via the relief well. The relief well is scheduled to intersect the Macondo well on Aug. 11 or 12, Wells said. In a teleconference call on Friday, the head of the federal oil spill response effort, retired Coast Guard Admiral Thad Allen, said that cleaning the sedimentary debris out of the relief well "is not a huge problem." The debris fell after a drilling rig had to quickly evacuate the well last week, as tropical storm Bonnie approached, without being able to complete the casing of the well. Casing prevents rocks and other sediments from falling into the well. BP said Friday that oil remained shut in at the damaged well, and pressure kept building slowly, an indication that the well is in good shape and hydrocarbons are not seeping out from the sides. -By Angel Gonzalez, Dow Jones Newswires; 713-547-9214; angel.gonzalez@dowjones.com (END) Dow Jones Newswires July 30, 2010 16:59 ET (20:59 GMT)
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6 Feb 2024 12:10

LONDON MARKET MIDDAY: BP tops FTSE 100 index on buyback promise

(Alliance News) - The FTSE 100 was higher at midday Tuesday, despite lingering unease in equity markets on US interest rate worries, while BP led the way among London's large-caps as it announced a buyback plan.

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TOP NEWS: BP promises buybacks and hikes dividend despite profit fall

(Alliance News) - BP PLC on Tuesday reaffirmed it is sticking to its commitment to share buybacks despite reporting a profit decline amid a fall in oil prices.

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6 Feb 2024 08:53

LONDON MARKET OPEN: BP jumps after unveiling share buyback

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6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

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6 Feb 2024 07:02

BP unveils $1.75bn buyback as 2023 profits halve on weaker oil price

(Sharecast News) - Shares in BP surged on Tuesday as the energy giant announced a $1.75bn share buyback despite a slump in annual profits as oil prices fell during 2023 from the spike caused by Russia's invasion of Ukraine.

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2 Feb 2024 17:12

LONDON MARKET CLOSE: Stocks mixed as US jobs data dashes rate cut hope

(Alliance News) - Stock prices in London closed mixed, after hotter-than-expected US jobs data hit already precarious investor sentiment and all but ensured the Federal Reserve will not be cutting interest rates next month.

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2 Feb 2024 13:14

BP appoints Kate Thomson as its permanent finance chief

(Sharecast News) - BP announced the appointment of Kate Thomson as its new, permanent chief financial officer on Friday, effective immediately.

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2 Feb 2024 12:27

TOP NEWS: BP promotes Kate Thomson as permanent finance chief

(Alliance News) - BP PLC on Friday named Kate Thomson as its permanent chief financial officer, after being in the interim role since September.

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2 Feb 2024 12:09

LONDON MARKET MIDDAY: Airlines up but oil falls on Middle East talks

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LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

(Alliance News) - Stock prices in London opened higher on Friday, closing of a busy week of monetary policy decisions.

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1 Feb 2024 17:03

LONDON MARKET CLOSE: Stocks down on hawkish BoE interest rates hold

(Alliance News) - Stock prices in London closed down on Thursday after the Bank of England left interest rates on hold in a split decision that was hawkish on expectations of rate cuts.

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1 Feb 2024 12:22

LONDON MARKET MIDDAY: BoE keeps bank rate on hold in split decision

(Alliance News) - London's FTSE 100 was on the up on Thursday afternoon after the Bank of England left interest rates on hold on Thursday, in a split decision.

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1 Feb 2024 10:06

New UK oil and gas exploration licences approved in the North Sea

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LONDON MARKET OPEN: Shells begins USD3.5 billion buyback; eyes on BoE

(Alliance News) - Stock prices in London opened mixed, ahead of the Bank of England's first interest rate decision of the year.

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UK earnings, trading statements calendar - next 7 days

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Home REIT PLCTrading Statement
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Trident Royalties PLCTrading Statement
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