BP puts UK North Sea business up for sale as UK PM open to drilling
31st Jul 2026 09:27
(Alliance News) - BP PLC on Friday announced that it is putting its North Sea business up for a "potential sale", after 60 years of production. Read More
(Alliance News) - BP PLC on Friday announced that it is putting its North Sea business up for a "potential sale", after 60 years of production. Read More
(Alliance News) - BP has put its North Sea unit up for sale, Sainsbury's has agreed to dispose of Argos, while NatWest has upped its guidance and says it will review a buyback resumption earlier than planned. Read More
(Alliance News) - BP PLC plans to cut 700 "non-frontline" jobs to create a flatter, simpler organisational structure and save costs, the Financial Times reported on Thursday. Read More
BP PLC - London-headquartered oil and gas company - Launches 'Atlantis Major Facility Expansion' project in the Gulf of Mexico. Atlantis, which has been in production for almost two decades, is located approximately 150 miles south of New Orleans. BP says the expansion project adds two new subsea water injection wells to help increase the pressure of targeted reservoirs, in order to unlock additional barrels and extend Atlantis' production life. BP calls Atlantis one of its "flagship US offshore assets". Says the project adds approximately 10,000 barrels of oil equivalent per day of gross peak annualised average production, or approximately 5,000 boe/d net to BP. Company also notes that it recently sanctioned the new Kaskida and Tiber production platforms, which it expects to add 160,000 barrels per day in new oil production capacity for the offshore US region by the end of 2030. Read More
(Alliance News) - The FTSE 100 posted solid gains on Wednesday after earlier hitting a new all-time high, lifted by well-received earnings and gains in BP and Shell as the oil price strengthened. Read More
(Alliance News) - BP PLC on Tuesday announced a new agreement with Turkiye Petrolleri Anonim Ortakligi, which will buy a 15% interest in BP Energy Co of Kirkuk Ltd. Read More
(Alliance News) - The FTSE 100 closed higher in London on Monday as investors welcomed a temporary pause in hostilities between the US and Iran, which helped drive the oil price sharply lower. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Monday. Read More
(Alliance News) - European equities pushed higher, while oil and the dollar weakened on de-escalation hope in the Middle East. Read More
(Alliance News) - BP PLC's former Chair Albert Manifold was seeking the removal of the company's Senior Independent Director Amanda Blanc, before he was booted, the Telegraph reported on Saturday. Read More
(Alliance News) - BP PLC is making headway on plans to divest its solar power business, Lightsource, the Financial Times reported on Friday. Read More
(Alliance News) - Stock prices in London rallied into the close after a report that peace talks could resume between the US and Iran. Read More
(Alliance News) - Stocks in Europe were higher on Friday, as oil prices eased off the USD100 a barrel mark and as investors shrugged off a re-emergence of tariff headlines. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Friday. Read More
(Alliance News) - Stock prices in London closed lower on Thursday, as the price of oil surged as the conflict in the Middle East widened and unnerved investors, after Yemen's Houthis attacked two Saudi tankers. Read More
(Alliance News) - Stock prices in London were in the red midday on Thursday, while Brent oil drew closer to the USD100 mark, and after UK manufacturers reported the sharpest fall in new orders in six years. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Thursday. Read More
(Alliance News) - Stock prices in London opened lower on Thursday, ahead of the eurozone rate decision and as high tensions in the Middle East pushed the price of oil even higher. Read More
(Alliance News) - Stock prices in London were higher at midday on Wednesday, with oil and gold prices rising while sterling was slightly lower after a softer-than-expected UK inflation reading. Read More