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BP PLC (BP.L)

BP.L on London Stock Exchange

505.20GBp
15 Dec 2017
Change (% chg)

1.20 (+0.24%)
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504.00
Open
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506.70
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Volume
44,720,268
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30,788,196
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529.00
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436.91

Latest Key Developments (Source: Significant Developments)

BP To Invest $200 Mln In Lightsource Over 3 Years For 43 Pct Stake
Friday, 15 Dec 2017 01:23am EST 

Dec 15 (Reuters) - BP Plc ::BP TO INVEST $200M IN LIGHTSOURCE OVER THREE YEARS FOR A 43% STAKE IN THE BUSINESS‍​.LIGHTSOURCE TO REBRAND AS LIGHTSOURCE BP‍​.‍WILL PAY LIGHTSOURCE $50MILLION ON COMPLETION OF AGREEMENT, WITH BALANCE PAID IN INSTALMENTS OVER THREE YEARS​.LIGHTSOURCE WERE ADVISED BY ROTHSCHILD, WHITE AND CASE, DELOITTE AND BAKER & MCKENZIE.  Full Article

BP says Consulting With Lawyers After Australian Watchdog Blocks Woolworths Deal
Wednesday, 13 Dec 2017 06:25pm EST 

Dec 14 (Reuters) - BP Plc ::ACKNOWLEDGES ANNOUNCEMENT BY AUSTRALIAN COMPETITION AND CONSUMER COMMISSION THAT IT INTENDS TO OPPOSE PROPOSED ACQUISITION OF WOOLWORTHS’ RETAIL FUEL BUSINESS."REMAIN CONFIDENT,WITH APPROPRIATE DIVESTMENTS AS OFFERED BY BP,WOOLWORTHS' RETAIL FUEL BUSINESS DEAL WOULD NOT SUBSTANTIALLY LESSEN COMPETITION‍​".CURRENTLY CONSULTING WITH LAWYERS TO DETERMINE NEXT STEPS AFTER ACCC INTENDS TO OPPOSE PROPOSED ACQUISITION OF WOOLWORTHS' RETAIL FUEL BUSINESS.  Full Article

Australian Competition and Consumer Commission To Oppose BP's Acquisition Of Woolworths Service
Wednesday, 13 Dec 2017 05:12pm EST 

Dec 14 (Reuters) - Australian Competition and Consumer Commission::ACCC TO OPPOSE BP'S ACQUISITION-WOW'S SERVICE STATIONS.TO OPPOSE BP'S ACQUISITION OF WOOLWORTHS SERVICE."‍BP ACQUIRING WOOLWORTHS' SERVICE STATIONS WILL BE LIKELY TO SUBSTANTIALLY LESSEN COMPETITION IN RETAIL SUPPLY OF FUEL"​."‍BELIEVE THAT FUEL PRICES WILL LIKELY INCREASE AT WOOLWORTHS SITES IF BP ACQUIRES THEM AND OTHER RETAILERS WOULD THEN FACE LESS COMPETITIVE PRESSURE"​."DETERMINED THAT UNDERLYING CONCERNS ARISING FROM PROPOSED ACQUISITION WOULD NOT BE ADDRESSED BY DIVESTMENTS PROPOSED BY BP"​.  Full Article

Petrofac Says Awarded Contract Worth About $800 Mln By BP
Tuesday, 12 Dec 2017 10:11am EST 

Dec 12 (Reuters) - PETROFAC LTD ::PETROFAC AWARDED CONTRACT FOR KHAZZAN.AWARDED CONTRACT WORTH ABOUT US$800 MILLION BY BP FOR PHASE 2 CENTRAL PROCESSING FACILITY AT KHAZZAN PHASE 2 (GHAZEER) GAS DEVELOPMENT IN SULTANATE OF OMAN​.PROJECT COMPRISES ADDITION OF A THIRD GAS TRAIN WITH A CAPACITY FOR NOMINALLY HANDLING 500 MILLION STANDARD CUBIC FEET OF GAS PER DAY.  Full Article

BP ‍To Build A New Lubricants Blending Plant In China​
Wednesday, 6 Dec 2017 04:12am EST 

Dec 6 (Reuters) - Bp Plc ::‍TO BUILD A NEW LUBRICANTS BLENDING PLANT IN CHINA​.‍NEW LUBRICANTS BLENDING PLANT IN CHINA WITH EXPECTED INVESTMENT OF AROUND RMB1.5 BILLION​.‍NEW PLANT EXPECTED TO START OPERATION BEFORE END OF 2021​.NEW PLANT ‍WILL HAVE AN ANNUAL PRODUCTION CAPACITY OF 200,000 TONS​.  Full Article

BP Biofuels And Copersucar Form Joint Venture To Operate Ethanol Storage Terminal
Thursday, 30 Nov 2017 03:42am EST 

Nov 30 (Reuters) - BP Plc ::BP PLC - BP BIOFUELS AND COPERSUCAR TODAY ANNOUNCED THAT THEY HAVE AGREED TO FORM A JOINT VENTURE.BP PLC - JOINT VENTURE TO OWN AND OPERATE A MAJOR ETHANOL STORAGE TERMINAL IN BRAZIL.BP PLC - COMMERCIAL DETAILS OF THIS TRANSACTION ARE NOT BEING RELEASED.  Full Article

ACCC To Delay Consideration Of BP's Acquisition Of Woolworths' Service Stations ‍​
Wednesday, 29 Nov 2017 12:10am EST 

Nov 29 (Reuters) - Australian Competition & Consumer Commission::TO DELAY CONSIDERATION OF BP'S ACQUISITION OF WOOLWORTHS' SERVICE STATIONS ‍​.EXPECTED NEW DECISION DATE IS DEC. 14, 2017‍​.EXTENSION TO THE CONSIDERATION PERIOD WILL ALLOW THE ACCC TO CONSIDER FURTHER INFORMATION FROM THE PARTIES‍​.  Full Article

Serica Energy announces purchase of BP interests in Bruce, Keith and Rhum
Tuesday, 21 Nov 2017 02:00am EST 

Nov 21 (Reuters) - SERICA ENERGY PLC ::‍ACQUISITION OF BP INTERESTS IN BRUCE, KEITH AND RHUM FIELDS IN NORTH SEA​.‍UNDER SALE AND PURCHASE AGREEMENT, SERICA WILL ACQUIRE A 36% INTEREST IN BRUCE, A 34.83% INTEREST IN KEITH AND A 50% INTEREST IN RHUM ​.‍DEAL HAS AN EFFECTIVE DATE OF 1 JANUARY 2018 AND COMPLETION OF ACQUISITION IS EXPECTED TO TAKE PLACE IN MID-2018​.‍INITIAL CONSIDERATION FOR ACQUISITION IS £12.8 MILLION, TO BE ADJUSTED FOR WORKING CAPITAL​.‍BP WILL ALSO RECEIVE A SHARE OF PRE-TAX NET CASH FLOW FROM BKR ASSETS OF 60% IN 2018, 50% IN 2019 AND 40% IN EACH OF 2020 AND 2021​.‍MITCH FLEGG APPOINTED CEO AND TO BOARD OF SERICA WITH IMMEDIATE EFFECT​.  Full Article

BP says to commence share buyback programme
Wednesday, 15 Nov 2017 03:14am EST 

Nov 15 (Reuters) - BP Plc :SHARE BUYBACK PROGRAMME.‍IT IS TO COMMENCE A SHARE BUYBACK PROGRAMME TO REPURCHASE ORDINARY SHARES IN CAPITAL OF COMPANY​.‍PERIOD FOR WHICH AUTHORISATION FOR PROGRAMME HAS BEEN GIVEN IS 15 NOVEMBER 2017 UNTIL DATE OF COMPANY'S 2018 ANNUAL GENERAL MEETING​.  Full Article

Russia's Rosneft to start production at Zohr in coming months
Tuesday, 14 Nov 2017 08:00am EST 

Nov 14 (Reuters) - Russia's Rosneft ::Says plans to start gas production in Zohr field in Egypt in the coming months;.Says to launch Yurubcheno-Tokhomskoye and Kondinskoye oilfields in Russia by the end of 2017..  Full Article

Alaska oil companies settle dispute over Trans-Alaska Pipeline tariff charges

ANCHORAGE, Alaska The state of Alaska will receive hundreds of millions of dollars in a settlement with oil companies over the value of North Slope crude oil shipped through the Trans-Alaska Pipeline (TAP), officials announced.