News: BP PLC (BP)

BP on New York Consolidated

51.80USD
10 Jul 2014
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Tue, Jul 8 2014

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Maersk plans $1.7 billion Brazil writedown; sells oilfield stake

COPENHAGEN/RIO DE JANEIRO - Danish oil and shipping group A.P. Moller-Maersk moved to shrink its Brazilian petroleum operations on Tuesday, selling its stake in its only producing Brazilian oilfield and saying it will write off $1.7 billion of investments in the country.

UPDATE 4-Maersk plans $1.7 bln Brazil writedown; sells oilfield stake

* BP, Anadarko, IBV are partners in areas hit by writedown

RPT-Fitch Affirms BP at 'A'; Outlook Stable

July 7 - (The following statement was released by the rating agency)

Ex-BP executive can be charged with obstructing Congress: U.S. court

- A U.S. federal appeals court has reinstated a criminal charge of obstruction of Congress against a former BP Plc executive accused of downplaying the severity of the 2010 Gulf of Mexico oil spill.

Ex-BP executive can be charged with obstructing Congress -U.S. court

June 29 - A U.S. federal appeals court has reinstated a criminal charge of obstruction of Congress against a former BP Plc executive accused of downplaying the severity of the 2010 Gulf of Mexico oil spill.

BP seeks to recoup 'windfall' Gulf spill payments

- BP Plc has asked a U.S. judge to direct what it called a "vast number" of businesses to repay hundreds of millions of dollars it says were wrongly awarded as compensation on claims stemming from the 2010 Gulf of Mexico oil spill.

BP seeks to recoup 'windfall' Gulf spill payments

June 27 - BP Plc has asked a U.S. judge to direct what it called a "vast number" of businesses to repay hundreds of millions of dollars it says were wrongly awarded as compensation on claims stemming from the 2010 Gulf of Mexico oil spill.

UPDATE 3-Russia's Rosneft signs further oil products supply deal with BP

* Sechin wants a motorbike trip across US (Adds Sechin quotes, banks)

UPDATE 2-Egypt says BP gas project restarted, pledges to pay gas firm debts

* To pay $1.5 bln owed to foreign energy firms by year end (Changes dateline, re-leads with BP project)

Egypt's oil minister says $10 bln gas project with BP restarted

AL-ASEEL OIL FIELD, Egypt June 26 - Egypt's oil minister said on Thursday that BP'S $10 billion natural gas project in the North Alexandria concession, stalled for the past three years, had restarted and that production would begin in 2017.

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