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London close: Stocks manage gains amid holiday slowdown
(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.
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Share Price Information for BP (BP.)
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Share Price:
460.00
Bid:
456.00
Ask:
465.00
Change:
0.00 (0.00%)
Spread:
9.00 (1.974%)
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Prev. Close:
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Don't have an account? Click here to register.UPDATE BP: Recovers 11,070 Bbl/Oil, 23.2 Mcf Nat Gas From Spill By Noon Sunday
Sun, 20th Jun 2010 00:31
(Updates with BP's rate of oil, gas recovery for first half of Sunday) By Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) said it recovered about 11,070 barrels of oil and flared 23.2 million cubic feet of natural gas from a mile-deep leak in the U.S. Gulf of Mexico in the first 12 hours of Sunday. About 6,790 barrels of oil were collected and 4,280 barrels were burned, the company said as its spill-capture efforts recovered from a technical upset Friday night. Themal function, combined with bad weather, led to the 10-hour shutdown of the larger of two oil-collecting vessels, the Discoverer Enterprise. BP restarted the collection aboard the ship effort early Saturday, after cleaning a blocked flame arrestor--a vent that prevents collected oil from catching fire. On Saturday, the company captured about 21,040 barrels of oil and flared 43.4 million cubic feet of natural gas, a rate lower than Thursday's record of more than 25,000 barrels a day. So far the containment effort has recovered more than a quarter of a million barrels of crude; that's approximately the amount of oil leaked by the Exxon Valdez in 1989. The spill BP is trying to contain is estimated to be leaking between 35,000 and 60,000 barrels of oil every day into the Gulf's waters. The closely-watched figures for oil recovery reflect the intense pressure BP is under to contain the spill. The leak, one of the worst environmental disasters ever to afflict the Gulf region, continues to grow nearly two months after a rig leased by BP, the Deepwater Horizon, exploded and sank some 50 miles from the Louisiana shore, killing 11. The company aims to increase its capture rate to more than 50,000 barrels a day by the end of June and to as much as 80,000 by mid-July by bringing in new equipment. BP executives and the U.S. Coast Guard admiral overseeing the response effort, Thad Allen, have warned that further disruptions are likely if storms pass through the area during this summer, as responders would need to evacuate. Even as collection efforts at the surface intensify, BP is moving forward with a parallel strategy to permanently shut down the leaking well by intersecting it with another well and flooding it with cement. A BP executive said Friday that it expected to do so by early August. -By Angel Gonzalez, Dow Jones Newswires; 713-547-9214; angel.gonzalez@dowjones.com (END) Dow Jones Newswires June 20, 2010 19:31 ET (23:31 GMT)
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19 Dec 2023 13:18
UK warns of deteriorating security in Red Sea, Royal Navy ship joins taskforce
LONDON, Dec 19 (Reuters) - Britain warned that the security situation in the Red Sea was deteriorating and ballistic missile and drone attacks were an increased threat, as it agreed for a Royal Navy Destroyer to join a U.S.-led operation to safeguard commerce in the region.
Read more19 Dec 2023 11:49
LONDON MARKET MIDDAY: FTSE 100 flat; Eurozone inflation cools to 2.4%
(Alliance News) - Stock prices in London were mixed at midday Tuesday, despite news that the eurozone's inflation is edging closer to its 2% target.
Read more19 Dec 2023 08:47
LONDON MARKET OPEN: Stocks rise as investors pin hopes on US rate cuts
(Alliance News) - Stock prices in London opened higher on Tuesday, with sentiment still buoyed by expectations of rate cuts in the US.
Read more18 Dec 2023 18:18
Red Sea attacks force rerouting of vessels, disrupting supply chains
Houthis launched series of attacks, latest on Monday
*Read more18 Dec 2023 17:40
Europe Gasoline/Naphtha-Margins slip as Red Sea attacks push oil higher
LONDON, Dec 18 (Reuters) - Northwest European gasoline refining slipped by about $1 to $8.6 a barrel as underlying crude prices rose 3% on mounting attacks on ships in the Red Sea.
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18 Dec 2023 16:55
LONDON MARKET CLOSE: FTSE 100 outperforms European peers
(Alliance News) - Stock prices in London closed higher on Monday, after investors shrugged off hawkish comments from US Federal Reserve officials amid festive cheer.
Read more18 Dec 2023 12:52
Red Sea attacks force rerouting of vessels, disrupting supply chains
DUBAI, Dec 18 (Reuters) - Mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea are disrupting maritime trade as leading global freight firms reroute around the Cape of Good Hope to avoid the Suez canal.
Read more18 Dec 2023 11:50
BP becomes latest to pause Red Sea shipments as attacks continue
(Sharecast News) - BP has announced that it is halting all oil shipments through the Red Sea, becoming the latest company to pause regional routes after a series of targeted attacks by Yemen's Houthi rebels.
Read more14 Dec 2023 07:43
LONDON BRIEFING: Eyes on BoE and ECB; US Fed signals 2024 rate cuts
(Alliance News) - Stocks are called to open higher on Thursday, after the US Federal Reserve chose not to surprise markets with its latest interest rate decision.
Read more13 Dec 2023 23:16
Newcomer Elysian, Petrobras notch big wins in Brazil oil auction
RIO DE JANEIRO, Dec 13 (Reuters) - Oil companies including Elysian along with veterans Petrobras and Chevron snapped up the most blocks up for grabs in Brazil's latest offshore oil auction marked by climate protests, as the South American nation looks to replenish reserves with new discoveries.
Read more13 Dec 2023 19:00
BP Energy wins oil auction for Brazil's Tupinamba block
RIO DE JANEIRO, Dec 13 (Reuters) - BP Energy on Wednesday won the auction for oil and gas production rights of the offshore block of Tupinamba in Brazil's Santos Basin.
Read more13 Dec 2023 17:04
TOP NEWS: Ex-BP boss Looney to forfeit GBP32 million after misconduct
(Alliance News) - BP PLC on Wednesday said former Chief Executive Bernard Looney has been dismissed without notice after concluding he had "knowingly misled the board".
Read more13 Dec 2023 11:00
EV charger station firms battle for prime locations in Europe, US
LONDON/DETROIT, Dec 13 (Reuters) -
Read more13 Dec 2023 09:15
LONDON BROKER RATINGS: Exane BNP cuts Shell; JPMorgan cuts WPP
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:
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