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Share Price Information for BP (BP.)

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Share Price: 515.80
Bid: 516.20
Ask: 516.40
Change: 6.40 (1.26%)
Spread: 0.20 (0.039%)
Open: 508.50
High: 517.60
Low: 503.60
Prev. Close: 509.40
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UPDATE: Coast Guard: Work On Smaller Gulf Leak To Begin Sunday

Sun, 01st Aug 2010 02:01

(Updates with Coast Guard statement about the estimated size of the well leak.) NEW YORK (Dow Jones)--The U.S. Coast Guard said that operations will begin Sunday to secure a leak at a well off the coast of Louisiana. "When the source is secured, a cap will be installed to ensure the wellhead is permanently closed," the Coast Guard said in a statement Saturday. The leak began after the well was hit by a towing vessel four days ago. An oily sheen, recently seen across six miles, has largely remained in the Mud Lake area. The size of this leak--roughly estimated at 33 barrels a day--is a tiny fraction of the massive oil Gulf of Mexico oil spill that released tens of thousands a barrels a day starting in late April after the Deepwater Horizon drilling rig caught fire and sank. The newer, second leak is taking place at an orphaned well that is no longer in production. It has been spewing a mixture of oil, natural gas and water into Barataria Waterway when a vessel towing a barge hit the wellhead on Tuesday about 1 a.m. local time, the Coast Guard said in a written statement Saturday. It is unclear how much is leaking in this "uncontrolled situation, " but roughly 100 barrels could have been released since the incident began, based on the well's last known production rate of 33 barrels a day. As much as half of the light oil being released is expected to evaporate. "While we do not know the true release, twice as much as the production value is possible, but probably not three times that value," the Coast Guard said in an updated statement Saturday evening. About 52,800 feet of containment boom and 31 skimmers, boats and barges are being used to clean up the spill. And equipment needed to secure the leak, including two barges, will be deployed to the site to secure the wellhead starting Sunday morning. The Coast Guard said Friday that Chevron Corp. (CVX) and BP PLC (BP, BP.LN) pipelines in the area were marked to protect them from the vessels anchoring in the area. The clean-up is being funded by the Oil Spill Liability Trust Fund, which is supported by taxes paid by oil companies. The cause of the collision is under investigation. -By Naureen S. Malik, Dow Jones Newswires; 212-416-4210; naureen.malik@dowjones.com (END) Dow Jones Newswires July 31, 2010 21:01 ET (01:01 GMT)
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LONDON MARKET CLOSE: Renewed global tensions put pressure on stocks

(Alliance News) - Stock prices in London started the week in bad shape and closed lower on Monday, as investors sat on their hands amid rising global tensions.

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21 Mar 2024 15:00

UK dividends calendar - next 7 days

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19 Mar 2024 16:57

LONDON MARKET CLOSE: European large-caps rise on eve of Fed decision

(Alliance News) - Blue-chip stock prices in Europe closed higher on Tuesday, showing little signs of nerves ahead of Wednesday's Federal Reserve decision and UK inflation reading.

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19 Mar 2024 11:52

LONDON MARKET MIDDAY: European markets flat ahead of Fed and BoE

(Alliance News) - Stock prices in London were down at midday on Tuesday, as investors sat on their hands ahead of interest rate decisions from the UK and US.

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LONDON MARKET MIDDAY: FTSE 100 as shakes off pre-interest rate nerves

(Alliance News) - Stock prices in London were higher at midday Monday, as eyes were firmly on interest rate decisions across the globe.

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15 Mar 2024 13:07

IN BRIEF: Costain wins place on GBP4 billion carbon capture project

Costain Group PLC - Maidenhead, Berkshire-based construction and engineering firm - Selected as one of nine specialist partners to deliver a carbon capture project beneath the North Sea off the east cost of England. The engineering, procurement, and construction contracts for the East Coast Cluster have a combined value of around GBP4 billion, Costain says. The contracts will be with Net Zero Teesside Power and the Northern Endurance Partnership. NZT Power is a electricity generating joint venture of the UK's BP PLC and Norway's Equinor. NEP is a joint venture of BP, Equinor and France's TotalEnergies SE that will provide CO2 transport and storage for the East Coast Cluster. Final investment decisions are expected in September or earlier, with the projects aiming for commercial operations from 2027.

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15 Mar 2024 12:11

LONDON MARKET MIDDAY: FTSE 100 underperforms despite mining, oil boost

(Alliance News) - London's FTSE 100 overcame a muted morning to head into Friday afternoon on the up, though its progress was shy of the loftier gains seen by mainland European peers, as investors showed some signs of trepidation ahead of a pair of interest rate decisions next week.

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14 Mar 2024 11:54

BP details green credentials in similar push towards net zero as Shell

(Alliance News) - BP PLC on Thursday outlined similar targets to cut emissions as peer Shell PLC, as both oil and gas majors strive to become net zero for carbon emissions by 2050.

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14 Mar 2024 10:19

BP picks up Ashford site to boost electric charging scope for trucks

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BP appoints Aviva boss Amanda Blanc as senior independent director

(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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BP pays Auchincloss £8m in 2023, claws back £1.8m from Looney

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4 Mar 2024 15:29

London close: Stocks languish ahead of Wednesday's Budget

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4 Mar 2024 10:43

Jefferies upgrades BP to 'buy'

(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 BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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