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BP PLC (BP.L)

BP.L on London Stock Exchange

442.50GBp
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

BP and PTT sign 1 mln tonnes per annum LNG deal
Wednesday, 28 Dec 2016 08:55pm EST 

BP Plc : BP and PTT sign LNG sale and purchase agreement . Says BP will provide PTT with approximately 1 mln tonnes of LNG per annum . Term of agreement is 20 years . Commercial terms of agreement were not disclosed . Lng supply will commence in 2017, sourced from BP's portfolio of LNG, including Freeport LNG project in USA Further company coverage: [BP.L] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Shell Midstream Partners acquires interests in three Gulf of Mexico pipelines
Wednesday, 28 Dec 2016 09:15am EST 

Shell Midstream Partners Lp : Shell Midstream Partners LP says acquisition was funded with borrowings under shell midstream partners' revolving credit facilities . Shell Midstream Partners LP - acquired 10% interest in Proteus Oil Pipeline Company LLC 10% interest in endymion oil pipeline from BP . Deal expected to be immediately accretive to unitholders . Shell Midstream Partners LP- terms of acquisition were approved by board of directors of general partner of Shell Midstream Partners . Shell Midstream Partners LP - also acquired 1pct interest in Cleopatra Gas gathering from BP .Shell Midstream Partners LP acquires interests in three Gulf of Mexico pipelines.  Full Article

Woolworths Ltd announces sale of fuel business to BP for $1.79 billion
Tuesday, 27 Dec 2016 04:32pm EST 

Woolworths Ltd : Announces sale of fuel business and strategic partnership . On 24 Dec entered into binding agreements to facilitate sale of its 527 Woolworths-owned fuel convenience sites and 16 committed development sites to BP for $1.785 billion . Sale of fuel business is not expected to have a material impact on woolworths group earnings . Transaction is subject to customary closing conditions including BP obtaining Australian Competition and Consumer Commission (ACCC) and FIRB . Woolworths and BP plan on entering into a long-term strategic partnership . To preserve and expand 4CPL fuel discount offer, parties will enter into a minimum 10-year redemption agreement .Woolworths and BP will commit to maintain and equally fund issuance of 4CPL fuel discount vouchers under same conditions as today.  Full Article

BP says company-operated AIOC signs development agreement
Friday, 23 Dec 2016 06:56am EST 

BP Plc : SOCAR and BP-operated AIOC sign principles of agreement on future development of ACG oil field in Azerbaijan to 2050 . Agreement will create significant jobs in years ahead . Agreement will cover development of field until 2050 and will add significant resource development potential to middle of century . Shareholders in aioc are BP, Chevron, Inpex, Statoil, Exxonmobil, TPAO, ITOCHU and ONGC Videsh Further company coverage: [BP.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

BP Rumaila oilfield achieves 3 bln barrel production landmark
Tuesday, 20 Dec 2016 04:42am EST 

BP Plc : Rumaila oilfield achieves 3 billion barrel production landmark Further company coverage: [BP.L] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Spain's Repsol sells 3.06 pct in LNG project in Indonesia
Friday, 2 Dec 2016 12:00pm EST 

Repsol SA :Sells a 3.06 percent stake in LNG project in Indonesia to BP for capital gains of $26 million.  Full Article

Rosneft says Moscow bourse registers its rouble bond programme
Friday, 2 Dec 2016 02:16am EST 

Nk Rosneft' Pao : Russia's Rosneft says the Moscow bourse registers its rouble bond programme worth 1.07 trillion roubles ($16.71 billion) . Rosneft, which is preparing to buy 19.5 percent of its own shares from the state in a share buyback, said earlier this month that the money raised from the bonds might be used for overseas projects, new upstream business and planned refinancing. [nL8N1DP24B] Further company coverage: [ROSN.MM] ($1 = 64.0373 roubles) (Reporting by Christian Lowe) ((christian.lowe@thomsonreuters.com;)).  Full Article

Aker BP says post-2020 output could more than double vs 2016
Monday, 21 Nov 2016 02:29am EST 

Oslo-listed oil firm Aker BP made the following statements ahead of a strategy update in Oslo on Monday: Sees potential for outout to reach 250 mboepd post-2020, up from an expected 118-120 mboepd in 2016 .Repeats the 2016 guidance on capex, exploration expenditure, oil/gas output and production costs that was given on Oct 31.  Full Article

BP to propose Deloitte as auditor from 2018
Tuesday, 15 Nov 2016 04:41am EST 

BP Plc : BP to propose the appointment of Deloitte as auditor from 2018 . Decision was taken following a competitive audit tender .EY, BP's current external auditor, will continue in its role and will undertake audit of BP P.L.C. for financial years 2016.  Full Article

BP says to invest $30 mln in Fulcrum BioEnergy
Tuesday, 8 Nov 2016 04:40am EST 

BP Plc : Announced creation of a strategic partnership between its BP Ventures and Air BP businesses with Fulcrum BioEnergy, in which BP will invest $30 million . Has secured a 10 year offtake agreement with Fulcrum for 50 million US gallons per year from their plants under development across north america . Air BP will distribute and supply biojet into aircraft at key hubs across North America Further company coverage: [BP.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

More From Around the Web

Four employees injured in incident at BP's Whiting, Indiana refinery: company

HOUSTON Four employees were injured on Friday in a power distribution center at BP Plc's 413,500 barrel per day (bpd) Whiting, Indiana, refinery, the company said in a statement.