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BP PLC (BP.L)

BP.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SDX Energy In Talks To Buy Assets In Egypt From BP
Thursday, 20 Sep 2018 08:52am EDT 

Sept 20 (Reuters) - SDX Energy Inc ::SDX ENERGY INC. - RECENT PRESS SPECULATION.SDX ENERGY INC - CONFIRMS THAT IT IS IN DISCUSSIONS FOR ACQUISITION OF A SIGNIFICANT PACKAGE OF ASSETS IN EGYPT FROM BP.SDX ENERGY INC - ACQUISITION WOULD CONSTITUTE REVERSE TAKE-OVER UNDER RULE 14 OF AIM RULES FOR COMPANIES AND WOULD BE SUBJECT TO SHAREHOLDER APPROVAL.  Full Article

BP to buy U.S. oil and gas assets from BHP for $10.5 billion
Thursday, 26 Jul 2018 06:26pm EDT 

July 27 (Reuters) - Bp Plc ::BP TRANSFORMS ITS US ONSHORE OIL AND GAS BUSINESS, ACQUIRING WORLD-CLASS UNCONVENTIONAL ASSETS FROM BHP.ACQUISITION ACCRETIVE TO EARNINGS AND CASH FLOW, DELIVERED WITHIN EXISTING FINANCIAL FRAME.DEAL INCREASES UPSTREAM FREE CASH FLOW TARGET BY $1 BILLION TO $14-15 BILLION IN 2021.DEAL GENERATES ESTIMATED PRE-TAX SYNERGIES OF OVER $350 MILLION A YEAR.BP - AFTER INTEGRATION OF ACQUISITION WITH BP'S EXISTING US ONSHORE BUSINESS, TRANSACTION WILL BE ACCRETIVE TO BP'S EARNINGS, CASH FLOW ON A PER SHARE BASIS.ANNOUNCED A SECOND QUARTER 2018 DIVIDEND OF 10.25 CENTS PER ORDINARY SHARE, AN INCREASE OF 2.5%.  Full Article

BP Invests In Ultra-Fast Charging Battery Company StoreDot
Tuesday, 22 May 2018 04:08am EDT 

May 22 (Reuters) - BP PLC ::BP INVESTS IN ULTRA-FAST CHARGING BATTERY COMPANY STOREDOT.BP VENTURES INVESTS $20 MILLION IN ULTRA-FAST CHARGING BATTERY DEVELOPER.  Full Article

Venture Global LNG Enters LNG Sales And Purchase Agreement With BP For 2 Mln Tonnes Per Year
Monday, 21 May 2018 07:30am EDT 

May 21 (Reuters) - Venture Global LNG::ENTERS INTO LNG SALES AND PURCHASE AGREEMENT WITH BP FOR 2 MILLION TONNES PER YEAR.UNDER AGREEMENT, BP WILL BUY LNG ON FREE ON BOARD BASIS FOR 20 YEARS STARTING FROM COMMERCIAL OPERATION DATE OF CALCASIEU PASS LNG EXPORT FACILITY.ENTERS 20-YEAR SPA FOR SUPPLY OF 2 MTPA FROM UNIT'S LNG EXPORT FACILITY, CURRENTLY UNDER DEVELOPMENT IN CAMERON PARISH, LOUISIANA, USA.CURRENTLY EXPECT COMMERCIAL OPERATION DATE OF VENTURE GLOBAL CALCASIEU PASS LNG EXPORT FACILITY IN 2022.  Full Article

Aker BP says competition for Norway M&A deals has increased
Monday, 7 May 2018 03:23am EDT 

May 7 (Reuters) - Aker BP ASA SAID ON MONDAY::AKER BP SAYS MOVED PLANS TO DRILL AN EXPLORATION WELL IN A BLOCK BORDERING RUSSIA IN EASTERN BARENTS TO 2019 FROM 2018.AKER BP SAYS PLANS TO DRILL STATOIL-OPERATED SHENZHOU EXPLORATION WELL IN THE BARENTS SEA WERE MOVED TO 2019 FROM 2018.AKER BP CEO: AIMS TO KEEP NOAKA DEVELOPMENT BREAK-EVEN PRICE UNDER $35 PER BARREL.AKER BP CEO: SEES SOME SIGNS OF COST INFLATION, ESPECIALLY IN SEMI-SUBMERSIBLE DRILLING RIG MARKET.AKER BP CEO: SAYS STILL SEES "SIGNIFICANT AND INTERESTING" M&A TARGETS ON THE NORWEGIAN CONTINENTAL SHELF, THOUGH COMPETITION HAS INCREASED FROM A YEAR AGO.  Full Article

BP PLC Says Helge Lund To Be New Chairman
Thursday, 26 Apr 2018 02:03am EDT 

April 26 (Reuters) - BP PLC ::HELGE LUND TO BE NEW BP CHAIRMAN.BP PLC - APPOINTED HELGE LUND TO SUCCEED CARL-HENRIC SVANBERG AS CHAIRMAN OF BP..BP PLC - LUND WILL JOIN BP BOARD AS CHAIRMAN DESIGNATE AND A NON-EXECUTIVE DIRECTOR ON 1 SEPTEMBER 2018.BP PLC - LUND, WHO IS ALSO CHAIRMAN OF NOVO NORDISK AS IN DENMARK, WILL STAND DOWN WITH IMMEDIATE EFFECT FROM HIS DIRECTORSHIP AT SCHLUMBERGER.  Full Article

BP Launches First Battery Storage Project With Tesla At U.S. Wind Farm
Tuesday, 10 Apr 2018 10:48am EDT 

April 10 (Reuters) - BP Plc::BP LAUNCHES ITS FIRST BATTERY STORAGE PROJECT AT U.S. WIND FARM.PILOT PROGRAM WITH TESLA WILL IMPROVE EFFICIENCY AT SOUTH DAKOTA SITE.BATTERY STORAGE PROJECT IS EXPECTED TO LAUNCH AT THE SITE DURING THE SECOND HALF OF 2018.BP WIND ENERGY, THROUGH UNIT, SIGNED A PURCHASE AGREEMENT TO INSTALL A HIGH STORAGE BATTERY AT ITS TITAN 1 WIND FARM IN SOUTH DAKOTA.  Full Article

BP expects North Sea fields Alligin, Vorlich to come on stream 2020
Tuesday, 10 Apr 2018 07:31am EDT 

April 10 (Reuters) - BP PLC ::BP SAYS IT HAS COMMITTED TO TWO NEW NORTH SEA DEVELOPMENTS WHICH ARE EXPECTED TO PRODUCE 30,000 BARRELS GROSS OF OIL EQUIVALENT A DAY AT PEAK PRODUCTION.BP SAYS ALLIGIN AND VORLICH ARE SATELLITE FIELDS LOCATED NEAR TO EXISTING INFRASTRUCTURE MEANING THEY CAN BE QUICKLY DEVELOPED THROUGH ESTABLISHED OFFSHORE HUBS.BP SAYS BOTH FIELDS ARE EXPECTED TO COME ON STREAM IN 2020.  Full Article

BP Says CEO Bob Dudley's 2017 Total Remuneration Was $13.4‍​ Mln
Thursday, 29 Mar 2018 06:13am EDT 

March 29 (Reuters) - Bp Plc ::CEO BOB DUDLEY'S 2017 TOTAL REMUNERATION WAS $13.4‍​ MILLION VERSUS $11.9 MILLION IN 2016.CFO BRIAN GILVARY 2017 TOTAL REMUNERATION AT 6.5 MILLION POUNDS VERSUS 4.2 MILLION POUNDS IN 2016.SALARY FOR THE GROUP CHIEF EXECUTIVE WILL REMAIN AT $1.9 MILLION FOR 2018‍​.WITH EFFECT FROM THE AGM, THE SALARY FOR THE CHIEF FINANCIAL OFFICER WILL BE £775,000.  Full Article

EnQuest hopeful on "moving forward" on option to increase stake in Magnus
Tuesday, 20 Mar 2018 05:37am EDT 

March 20 (Reuters) - Enquest Plc ::ENQUEST SAYS VERY HOPEFUL THAT "WE CAN MOVE FORWARD" ON OPTION WITH BP TO INCREASE STAKE IN MAGNUS FIELD IN NORTH SEA.  Full Article

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U.S.-China trade war poses oil demand shock in 2019: BP

SINGAPORE U.S. sanctions on Iran will tighten global oil supplies sharply until the end of the year, but a threat to world demand looms in 2019 from the U.S.-China trade war, the head of BP's oil trading in Asia said.