Company Overview and News


Add BP.A
to your dashboard

Headline News

Reliance Industries, BP seek out customers for gas from R-series field in KG basin

3h livemint
Mumbai: Reliance Industries (RIL) and BP Plc, partners in a gas block in the Krishna-Godavari basin, have started approaching prospective customers to sell gas that will start flowing from their R-series field in 2020, said two people aware of the matter. (39-0)

Trump's offshore oil plan will struggle to lure rigs from Guyana

7h worldoil
The Trump administration is hoping to lure some of that investment to the U.S. with a proposal to sell leases in almost every inch of the nation’s outer continental shelf -- including territory hugging the U.S. East Coast that share characteristics with Guyana, a tiny South American country. (60-0)

BP Announced An Additional $1.7 Billion Charge In The Fourth Quarter 2017

10h seekingalpha
BP is to take an extra $1.7 billion charge related to the Deepwater Horizon oil spill, bringing the total cost above $65.1 billion. (36-0)

PRESS DIGEST- British Business - Jan 17

20h reuters
Jan 17 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. (38-0)

What's ahead for western Europe's biggest oil nation

2018-01-16 worldoil
Here are five charts that tell the story of how Norway’s biggest industry tackled the crisis, from the surprising windfalls to the challenges ahead. Most are based on new data from the Norwegian Petroleum Directorate. (57-0)

BP Finally Swims Away From Deepwater Horizon With Environment Still Damaged

2018-01-16 247wallst
On April 20, 2010, the oil drilling platform Deepwater Horizon exploded, killing 11 people and dumping nearly 5 million barrels of oil into the Gulf of Mexico. BP PLC (NYSE: BP), which operated the platform, said the number was overstated. As part of legal settlements over the explosion, BP agreed to pay fines and compensation that reached about $8 billion. Some estimates say that BP’s reserves for the claims reached over $40 billion. (36-0)

BP plc (ADR) Will Take Further $1.7 Billion Q4 Charge for Gulf Spill Claims

2018-01-16 investorplace
The cost to BP plc (ADR) (NYSE:BP) for the Deepwater Horizon disaster continues to rise, with the company’s latest announcement that it would take a $1.7 billion charge in its fourth-quarter earnings because of settlement claims related to the 2010 Gulf of Mexico incident. BP stock was trading down about 1.5% this morning in London. (36-0)

ADES extends three major contracts in the Gulf of Suez

2018-01-11 worldoil
LONDON and DUBAI -- ADES International Holding Ltd., the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has successfully extended two existing contracts for Admarine II, Admarine IV and renewed its lease for Admarine VI, all of which are in the Gulf of Suez area. (36-0)

Short Sellers Keep Backing Off Major Oil Stocks

2018-01-11 247wallst
Crude oil reached above $63 a barrel for the first time in over two years this week. The price held relatively steady above $50 for most of 2017, but with this recent push the $70 price level is easily in sight. The current crude price still pales in comparison to what it was in 2014. (52-0)

[Press] ADES Extends Three Major Contracts in the Gulf of Suez

2018-01-11 oilvoice
(London & Dubai, 11 January 2018) ADES International Holding Ltd. (LON: ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle Eastand Africa through its subsidiaries, has successfully extended two existing contracts for Admarine II, Admarine IV and renewed its lease for Admarine VI, all of which are in the Gulf of Suez area. (36-0)

Exxon, BP Targeted in NYC Suit That Relies on 'Nuisance' Theory

2018-01-11 rigzone
(Bloomberg) -- New York City’s effort to hold oil and gas producers responsible for costs related to the environmental effects of their products faces an uphill battle as it tries to stretch current law to address climate change. (63-0)

UPDATE 1-New York sues fossil fuel majors, plans divestment from pension funds

2018-01-10 reuters
NEW YORK (Reuters) - New York City announced on Wednesday that it filed a multibillion dollar lawsuit against five top oil companies, citing their “contributions to global warming,” as it said it would divest fossil fuel investments from its $189 billion public pension funds over the next five years. (63-0)

New York sues fossil fuel majors, plans divestment from pension funds

2018-01-10 reuters
NEW YORK, Jan 10 (Reuters) - New York City on Wednesday filed a multibillion dollar lawsuit against five top fossil fuel companies, citing their “contributions to global warming,” as it unveiled a plan to cut fossil fuel investments from its $189 billion public pension funds over the next five years. (63-0)

Exxon, BP, Chevron Should Pay for Climate Costs, N.Y. Says - Bloomberg

2018-01-10 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (63-0)

UPDATE 1-Trump administration bars oil drilling off Florida after governor's plea

2018-01-10 reuters
WASHINGTON (Reuters) - President Donald Trump’s administration will not allow drilling for oil and gas off the coast of Florida after urging from the state’s governor, Interior Secretary Ryan Zinke said on Tuesday. (36-0)