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Share Price Information for BP (BP.)

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Share Price: 481.70
Bid: 481.70
Ask: 482.00
Change: -9.10 (-1.85%)
Spread: 0.30 (0.062%)
Open: 481.75
High: 485.05
Low: 478.80
Prev. Close: 490.80
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UPDATE: BP's 2nd System To Collect Gulf Oil Spill Operating

Wed, 16th Jun 2010 16:13

(Adds background.) LONDON (Dow Jones)--BP PLC (BP) Wednesday said it was collecting oil and gas from a second containment system attached to the Macondo well's failed blowout preventer, potentially allowing it to gather more of the oil spilling into the Gulf of Mexico. The vessel, called the Q4000, attached to the new oil collection system will enable BP to capture between 20,000 and 28,000 barrels of oil a day in total from the leaking well. BP collected and stored about 10,440 barrels of oil from the Deepwater Horizon spill on June 15 using the lower marine riser package containment cap attached to the Discoverer Enterprise vessel. Between 35,000 and 60,000 barrels a day are estimated to be leaking from the well, according to the U.S. authorities. BP said oil and gas from the second system reached the Q4000 early Wednesday. "Operations continue to stabilize and optimize the performance of the second containment system," BP said. The additional oil collected by the Q4000 will be burned off rather than stored, BP said. BP hopes to have two additional ships in place by the end of June that will bring the total volume of oil it can capture from the leaking well to between 40,000 and 53,000 barrels a day. The operation to capture the oil leaking from the well is complex and has its own risks. Containment was suspended briefly Tuesday after the Discoverer Enterprise was struck by lightning, causing a small fire. The whole containment operation would have to be suspended if a hurricane was to strike the area. -By Jeffrey Sparshott and James Herron, Dow Jones Newswires; +44 (0)207 842 9347; jeffrey.sparshott@dowjones.com (END) Dow Jones Newswires June 16, 2010 11:13 ET (15:13 GMT)
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15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

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15 Apr 2024 11:56

LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

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15 Apr 2024 08:59

LONDON MARKET OPEN: FTSE 100 falls as oil lower despite Iran strikes

(Alliance News) - Stock prices in London opened lower on Monday, with a decline in oil prices sending Shell and BP lower, in a cautious start to the week following Iran's strikes on Israel over the weekend.

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Sector movers: Investors seek out safe havens across all asset classes

(Sharecast News) - Commodity plays were again sought out at the end of the week after The Wall Street Journal said that an Iranian attack against Israel was thought to be imminent.

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12 Apr 2024 17:28

FTSE 100 sets near record close as commodity stocks shine

FTSE 100 up 0.9%, FTSE 250 off 0.3%

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12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

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12 Apr 2024 15:45

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

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12 Apr 2024 14:45

London close: Stocks mixed as data shows UK GDP growth

(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.

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12 Apr 2024 11:51

LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

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12 Apr 2024 11:47

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

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12 Apr 2024 11:37

TOP NEWS: BP shares rise after reports Adnoc had pondered takeover

(Alliance News) - Shares in BP jumped on Friday after reports that the state-owned, United Arab Emirates oil company was considering, but had ruled out, a bid for the London-based oil major.

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12 Apr 2024 08:58

LONDON MARKET OPEN: Stocks get boost thanks to growth in UK economy

(Alliance News) - Stock prices in London opened higher on Friday, thanks to new data suggesting the UK economy is out of recession.

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12 Apr 2024 07:56

UAE's ADNOC said to have recently considered BP takeover

(Sharecast News) - The United Arab Emirates' state-owned oil company recently considered buying BP but the deliberations did not progress beyond preliminary discussions, according to a report.

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11 Apr 2024 14:41

Senegal says oil, gas and mine contracts will be reworked if needed

DAKAR, April 11 (Reuters) - Senegal's new Energy and Mines Minister said on Thursday the government would renegotiate oil, gas and mining contracts if necessary once a promised audit is completed.

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10 Apr 2024 08:41

Johnson Matthey and BP win deal for US sustainable aviation fuel plant

(Alliance News) - Johnson Matthey PLC and BP PLC on Wednesday said their technology offering has been selected for use in a sustainable aviation fuel plant being built in the US state of Louisiana.

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