BP shares among biggest Footsie fallers
London's leading shares index fell 1% today as investors began to lose faith that central banks would roll out more emergency stimulus measures this week.
London's leading shares index fell 1% today as investors began to lose faith that central banks would roll out more emergency stimulus measures this week.
BP's relationship with the co-owners of its TNK-BP joint venture has been put under more strain after the Alfa Access-Renova consortium of Russian billionaires voted against a proposed £637million dividend.
Russian oil giant Rosneft has declared its interest in buying BP's stake in the TNK-BP joint venture.
BP has made a gas discovery off Norway on a wildcat well near its Skarv development.
Oil giant BP is believed to be nearing a £7.4billion settlement with US authorities as it seeks to draw a line under the Deepwater Horizon disaster in the Gulf of Mexico.
Oil giant BP said yesterday it had indefinitely suspended its £968million Liberty offshore oil project in Alaska because of cost overruns and technical setbacks.
A search-and-rescue service launched by oil giant BP six years ago has completed its 300th emergency mission in the North Sea, the firm said yesterday.
BP said yesterday one of its ageing North Sea assets could produce two years' worth of oil in 2012 alone.
The FTSE 100 Index closed 55.9 points lower at 5,566.9 today as a raft of economic data from the US and China fuelled fears over the global economic recovery and hit confidence on the London market.
Heavy oil explorer Xcite Energy said today it had stuck a new deal with BP over sales of oil from its North Sea Bentley field.
The London market slipped into the red today as investors lost enthusiasm for plans to rescue Spain's beleaguered banking sector with a potential £81billion bailout.
Dolphin Drilling has been awarded a three year contract worth £243 million with BP Exploration for the use of the semi-submersible drilling rig Byford Dolphin.
BP's beleaguered shareholders are reportedly in line for a £10billion windfall if the oil giant exits its Russian joint venture TNK-BP.
BP said yesterday it was considering a sale of its half-share of Russia's third largest oil producer - TNK-BP - after receiving bid approaches.
Bleak US jobs figures and worrying manufacturing data from the UK and overseas saw London's leading shares index continue its miserable run today.
BP has this morning said it is looking into a sale of its share of the Russian oil venture TNK-BP.
The FTSE 100 Index bounced back today, rising 83.6 points to 5,350 as shares recovered some of the heavy losses seen on Wednesday.
A downgrade of Spanish banks fuelled eurozone debt fears today and capped the worst week for London's leading shares index for nine months.
Energy giant BP said yesterday it had ordered four new platform-support vessels for the North Sea.
Banks led a rally on London's leading shares index today after Lloyds Banking Group's first quarter trading update cheered investors.
BP today posted a larger-than-expected fall in profits as the oil giant continues to feel the impact of the US Gulf of Mexico disaster.
Oil major BP has promoted Scott Sloan to head its office in Moscow, replacing Jeremy Huck. Sloan, who is a board member at BP's Russian joint venture TNK-BP Holding, is in post effective May 1.
Ensco has signed up to a five-year drilling contract with BP for the new Ensco DS-6 ultra-deepwater drillship at a rate of about $522,000 per day, plus cost adjustments.
Strong corporate earnings figures in the US boosted markets today, but the UK's slide back into recession left London's leading shares index with only lacklustre gains.