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BP PLC (BP)

BP on New York Consolidated

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13 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

Ineos completes acquistion of North Sea Forties Pipeline System and Kinneil Terminal
Tuesday, 31 Oct 2017 03:08pm EDT 

Oct 31 (Reuters) - :Ineos says it has completed the acquistion of the North Sea Forties Pipeline System and Kinneil Terminal from BP‍​.  Full Article

BP to recommence share buyback programme in Q4
Tuesday, 31 Oct 2017 03:19am EDT 

Oct 31 (Reuters) - BP PLC ::CFO - WILL BE RECOMMENCING A SHARE BUYBACK PROGRAMME THIS QUART‍​ER.BP NOW EXPECTS TOTAL ORGANIC CAPITAL EXPENDITURE FOR 2017 WILL BE AROUND $16 BILLION, WITHIN THE $15-17 BILLION RANGE PREVIOUSLY INDICATED.TOTAL DIVESTMENT PROCEEDS IN 2017 ARE EXPECTED TO BE AROUND $4.5 BILLION.BP CONTINUES TO TARGET A GEARING RANGE OF 20-30%; AT THE END OF THE THIRD QUARTER, GEARING WAS 28.4%.  Full Article

Aker BP says share issue fully subscribed at NOK 184
Tuesday, 31 Oct 2017 03:14am EDT 

Oct 31 (Reuters) - Aker BP Asa :NOK 4.1 billion private placement fully subscribed.‍Raising gross proceeds of NOK 4,084 million ($501.02 million). Price per share was nok 184 per share​.‍subscription price of nok 182.5 per share and nok 1.5 per share as payment for associated right to cash dividend of usd 0.185.‍investors who participate in private placement are informed that shares offered in private placement will be delivered inclusive of right to receive cash dividend.Aker Capital AS pre-committed 40 pct of the placement.BP Global Investments Limited subscribed for 30 pct.  Full Article

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Norway's PM says happy with sovereign fund's coal exclusion rules

PARIS Norway's Prime Minister Erna Solberg on Tuesday said she had no immediate plans to toughen a rule that means a firm generating about a third or more of its income from coal is excluded from the country's $1 trillion sovereign wealth fund.