BP plc (ADR)

BP's <BP.L> finance chief Brian Gilvary is to step down in June after eight years in the role and will be replaced by a close ally of Bernard Looney who takes over as chief executive next month.

Change is afoot at BP. Incoming Chief Executive Bernard Looney plans to expand the company's climate targets and is considering overhauling the structure of the oil and gas major in one of the biggest shake-ups in its 111-year history.

BP <BP.L> has pulled out of Iraq's giant Kirkuk oilfield after its $100 million exploration contract expired with no agreement on the field's expansion, dealing a fresh blow to Iraq's hopes to increase its oil output, three sources told Reuters.

BP signed an agreement with Angola aimed at acquiring oil further exploration rights, state news agency Angop reported, the latest in a flurry of agreements between oil majors and Africa's second biggest exporter.

British oil major BP Plc said on Tuesday its finance chief Brian Gilvary will be retiring after eight years in the role at the end of June and will be succeeded by Murray Auchincloss.

Incoming Chief Executive Bernard Looney will not take up either of BP's seats on the board of Rosneft when he takes over in February because of the complexity of the relationship with the Russian oil giant, five company sources said.

British oil major BP plans to close down two of its oil and gas platforms in Azerbaijan for planned maintenance next year, BP's regional vice president told Reuters on Wednesday.

Indian shares firmed on Tuesday, boosted by heavyweight Reliance Industries Ltd after it signed a deal to form a joint venture with BP Plc and improving ties between the United States and China.

BP Plc on Monday said a three-well drilling program offshore Mauritania and Senegal encountered gas in "high quality", bolstering its confidence in gas resources in the region.

BP <BP.L> is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few years, the two companies said on Thursday.

BP is increasing its stake in Lightsource BP to 50% from its current 43%, the solar energy developer said in a statement on Thursday.

BP Plc said on Wednesday it would supply renewable energy to Amazon.com Inc's European data centers that drive the technology giant's cloud platform.

U.S. Supreme Court justices on Tuesday appeared inclined to shield a unit of British oil major BP Plc from claims seeking a more extensive cleanup of a Superfund hazardous waste site in Montana than what federal environmental officials had ordered.

British oil major BP Plc and U.S. commodities trader Bunge Ltd announced on Monday the completion of a deal to combine their sugar and ethanol operations in Brazil, creating the world's second largest cane processor.

Foreign oil companies that have not joined Brazil's last two auctions of offshore "pre-salt" fields are also unlikely to bid next year, BP Plc's Brazil president told newspaper Valor Economico in an interview published on Wednesday.

BP is investing 10 million euros ($11.08 million) in Finnish transportation app Whim as the oil and gas company seeks to expand its role in a future low-carbon world.

BP Plc restarted the small gasoline-producing unit at its 430,000 barrel-per-day (bpd) Whiting, Indiana, refinery after completing a six-week planned overhaul, sources familiar with plant operations said on Monday.

BP Plc <BP.L> wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said on Tuesday, and believes a power plant it is building in Rio de Janeiro could eventually be supplied by gas from offshore oilfields here.

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