Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 475.15
Bid: 475.10
Ask: 475.25
Change: 4.60 (0.98%)
Spread: 0.15 (0.032%)
Open: 472.00
High: 475.70
Low: 471.30
Prev. Close: 470.55
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

CORRECTED-Mexico certifies bidders for December deep water oil auctions

Mon, 28th Nov 2016 20:53

(Corrects paragraph 6 to add additional certified company,Inpex; adds stock symbols missing from paragraphs 5 and 6)

MEXICO CITY, Nov 28 (Reuters) - Mexico's oil regulatorannounced on Monday a final list of 17 oil companiesrepresenting a dozen countries that have pre-qualified to bid onthe country's first-ever deep water oil auctions, set for Dec.5.

The highly anticipated tenders include an auction to pick apartner for Mexican national oil company Pemex to develop itspromising Trion field, as well as 10 separate deep water fields,including four clustered around Trion just south of Mexico'smaritime border with the United States.

All of the fields are in the country's territorial waters inthe Gulf of Mexico, in the Perdido Fold Belt and the Salinabasin along the southern rim of the Gulf.

The pre-qualified companies constitute a total of 15bidders, eight of which successfully sought to pre-qualify asindividual operators while seven consortia did so as well.

The pre-qualified individual bidders are Australia's BHPBilliton, Britain's BP, China's CNOOC,the United States' ExxonMobil, Malaysia's Petronas, Mexico's Pemex, Norway's Statoil and France's Total.

The seven consortia are Atlantic Rim and Royal Dutch Shell ; Eni and Lukoil; Murphy, Ophir, Petronas unit PC Carigali and Sierra OffshoreExploration; PC Carigali and Sierra; Statoil, BP and Total;Total and ExxonMobil; and Chevron along with Pemex andInpex Corp.

The later consortium marks the first time Pemex has soughtto tie up with another oil company in the hopes of jointlydeveloping an exploration and production project.

Juan Carlos Zepeda, president of the oil regulator known asthe CNH, said it will not be known until Dec. 5 whether thepre-qualified firms will bid on Trion or the other deep waterblocks up for grabs.

He added that companies are barred from bidding more thanonce on the same project, as several firms are simultaneouslypre-qualified in consortia as well as individually.

The auctions will mark the fourth phase of the so-calledRound One tender, a major part of an energy reform launched in2013 that ended the decades-long monopoly enjoyed by Pemex andaims to reverse a dozen years of declining crude output. (Reporting by David Alire Garcia; Editing by Bernadette Baumnand Steve Orlofsky)

More News
9 Apr 2024 08:53

TOP NEWS: BP predicts upstream production will rise in first quarter

(Alliance News) - BP PLC on Tuesday said it expects first quarter upstream production to be higher than the previous three month period but cautioned lower prices would hurt performance elsewhere.

Read more
9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

Read more
9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

Read more
9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

Read more
9 Apr 2024 07:24

BP sees higher Q1 upstream production

(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.

Read more
5 Apr 2024 12:00

LONDON MARKET MIDDAY: Stocks drop on Israel-Iran tensions and Fed talk

(Alliance News) - Stock prices in London were firmly down at midday on Friday, as rising tensions between Israel and Iran alongside doubts around the timing of US interest rate cuts hurt investor sentiment.

Read more
5 Apr 2024 08:47

LONDON MARKET OPEN: Europe slumps on US rate worry and rising tensions

(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish remarks from US central bankers.

Read more
4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

Read more
4 Apr 2024 11:58

LONDON MARKET MIDDAY: Stocks up as Fed chair calms some rate nerves

(Alliance News) - Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell.

Read more
2 Apr 2024 23:07

Sector movers: Builders and REITS slip, geopolitics boost Big Oil and gold miners

(Sharecast News) - Personal Goods was at the bottom of the pile on the FTSE 350 at the start of the second quarter, as fashion retailer Burberry Group's shares fell back towards their five-year lows.

Read more
2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
2 Apr 2024 11:00

Biden administration approves eighth US offshore wind project

WASHINGTON, April 2 (Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.

Read more
2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

Read more
2 Apr 2024 08:55

European oil stocks gain on expectations for higher demand, supply concerns

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.