(Alliance News) - BP PLC on Thursday announced an agreement to buy a 70% interest in Block TTDAA 14, which houses the Calypso offshore gas project, from Woodside Energy Group Ltd. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - The FTSE 100 made steady progress on Tuesday as oil prices fell amid renewed talk of a peace deal in the Middle East. Read More
(Alliance News) - BP PLC on Tuesday said it needs to "get fit to grow," as it announced plans to sell its US biogas business alongside better-than-expected second quarter earnings. Read More
(Alliance News) - BP reports a surge in first-half profit while announcing further divestments, and Prologis reaches agreement on a recommended GBP14 billion takeover of Segro. XP Power posts sharply higher interim pretax profit on the back of strong order growth. Read More
BP PLC - London-headquartered oil and gas company - Completes the sale of its Gelsenkirchen refinery in Germany, and the related businesses, to Klesch Group. This includes the refinery's assets, liabilities and employees. BP says the deal supports its continued focus on disciplined capital allocation. Adds that it expects the transaction to reduce group underlying operating expenditure by around USD1 billion, and to be free cash flow accretive based on Gelsenkirchen's historical performance. BP says it retains five refineries across the US and Europe, which serve "key customers and markets across its downstream business". BP's Germany Head of Country Patrick Wendeler says it "will continue to support customers in Germany through its businesses, including Aral," but that Klesch "is well placed to take Gelsenkirchen into its next chapter." Read More
(Alliance News) - National Grid unveiled a streamlined operating model aimed at improving execution, while easyJet extended the deadline for rival bidder Castlelake to make a takeover offer. AstraZeneca was also linked to a potential USD400 billion merger with US peer Bristol Myers Squibb, according to a media report. 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