Prosafe picks up £40m work with BP
Oil giant BP has awarded a £40million contract for use of an offshore accommodation rig to Norwegian offshore service group Prosafe.
BP-News
Weir shares among top risers but BP stocks fall
Supermarket giant Tesco failed to win over investors with its £1billion plan to revive its UK arm today as the grocer followed world markets into the red.
Eventful meeting for BP bosses
BP's senior bosses contended with screaming environmental protesters, a backlash on executive pay and more anger over the company's record in the Gulf of Mexico at an eventful annual meeting yesterday.
Weir and Cairn shares among risers, Parkmead and BP fall
A banking rally today helped London's leading shares index recover some of the heavy losses it suffered in yesterday's rout.
BP agrees £251m deal for UK assets
BP said yesterday it had agreed to sell its southern North Sea assets in a £251.7million deal but added it was still committed to developing around the UK.
BP rig to be named Aberdeen
A deep water drilling rig to be used west of Shetland by BP will be named after Aberdeen in recognition of the Granite City's importance to the oil major's history.
BP welcomes Chancellor’s measures
Oil giant BP has welcomed measures announced by Chancellor George Osborne today aimed at boosting North Sea investment.
Group urges BP investor revolt at AGM
BP could be facing a rocky annual meeting after shareholder advisory group Pirc urged investors to oppose its latest remuneration report.
Cairn, BP and Parkmead among fallers on bad day for energy stocks
A drop in oil prices triggered by a joint US and UK move to release strategic reserves pulled energy stocks and the wider FTSE 100 Index into the red today.
BP shares climb after ‘disaster deal’
BP shares rose yesterday after its £4.97billion deal with 110,000 businesses and individuals over the Deepwater Horizon rig disaster.
BP pursued over disaster
The US government has pledged to continue its legal battle with BP over the Deepwater Horizon despite the company reaching a £4.9billion deal to compensate businesses and individuals.
BP and Weir Group shares among fallers but Xcite up
Monetary chief Ben Bernanke doused market euphoria over the pace of the US recovery today by warning over the impact of rising oil prices.
BP share boost fails to stop FTSE 100 decline
HSBC was among the biggest losers in the FTSE 100 Index today after its £13.8billion profits haul failed to impress investors.
BP oil spill case delayed
A multibillion-dollar legal case that was due to open today into the Deepwater Horizon rig disaster has been put back a week, BP said last night.
BP gears up for US oilspill court battle
BP will start one of the biggest fights in its history next week as it goes on trial for the devastation caused by the Gulf of Mexico Macondo well disaster.
Wood Group and EnQuest shares among risers but BP fall
Bullish results from housebuilder Galliford Try and recruitment firm Hays helped the FTSE 250 Index outshine its top-tier partner today.
Shell and BP shares among fallers, Wood Group rise
Weak economic growth across the eurozone and reports suggesting Greece may not receive all of its bailout funds saw London's leading shares index dip into the red today.
BP earmarks £1.7billion for North Sea
Oil giant BP will spend £1.7billion on North Sea projects in 2012, the most in a decade, it said yesterday.
Subsea 7 wins BP Clair Ridge contract
Around 100 jobs at a pipeline manufacturing plant in the Highlands have been secured after Subsea 7 picked up a £63million contract with BP.
BP oil field closed by ‘hairline crack’
One of BP's deep water fields west of Shetland has been shut down following the discovery of a "small" oil leak, the company confirmed yesterday.
Ex-BP chief faces ‘lying’ accusations
Former BP boss Tony Hayward has reportedly been accused of lying in evidence to the US Congress after the Deepwater Horizon disaster.
BP could pay US £16.2bn to settle gulf oilspill charges
Energy giant BP is likely to agree to pay the US justice department up to £16.2billion to settle all charges linked to its Gulf of Mexico oil spill, says a top analyst.
BP picks Odfjell for new-build rig contract
North Sea operator BP has placed a £775million order with Odfjell Drilling for a new-build rig to work on its £3billion west of Shetland development.
Shilston appointed to BP’s board
Rolls-Royce chief financial officer, Andrew Shilston has just joined the board of BP as a non-executive director. He has been R-R's CFO since 2002. Prior to that he was finance director at Enterprise Oil from 1993 to 2002 and a non-exec at Cairn Energy from 2004 to 2008.
BP not negligent, says US judge
A US federal judge has ruled that BP was not negligent in the case of a 2009 oil spill and did not violate the terms of its probation from an earlier accident.