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Share Price Information for BP (BP.)

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Share Price: 475.20
Bid: 475.40
Ask: 475.55
Change: 2.40 (0.51%)
Spread: 0.15 (0.032%)
Open: 476.30
High: 479.50
Low: 474.30
Prev. Close: 472.80
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Deep sea recovery from U.S. Gulf spill could take decades -study

Tue, 24th Sep 2013 21:09

WASHINGTON, Sept 24 (Reuters) - The muddy deep-sea ecosystemaround the massive 2010 Gulf of Mexico oil spill could takedecades to recover from the effects of the disaster, researchersreported on Tuesday.

The oil spill from BP Plc's Macondo well had its mostsevere impact on the ecosystem in an area about nine squaremiles (24 square km) around the wellhead, the report in theonline scientific journal PLoS One said.

Moderate effects were seen at 57 square miles (148 squarekm). The sea bottom's rich biodiversity was greatly reduced bythe oil plume, which was up to 200 yards (183 meters) thick and1.2 miles (1.9 km) wide, it said.

"Given deep-sea conditions, it is possible that recovery ofdeep-sea soft-bottom habitat and the associated communities inthe vicinity of the DWH blowout will take decades or longer,"the report concluded.

The April 20, 2010 disaster aboard the Deepwater Horizondrilling rig killed 11 workers and ruptured the Macondo well,triggering the worst offshore oil spill in U.S. history.

The research was carried out for the National Oceanic andAtmospheric Administration. Paul Montagna, an ecosystemsprofessor at Texas A&M University, said on NOAA's website thatnormally pollution was found within 300 to 600 yards (meters) ofan offshore well.

In the Macondo case, it was found nearly two miles (3.2 km)from the well, he said.

Jeff Baguley, an expert on tiny marine and freshwaterinvertebrates from the University of Nevada, said on the NOAAwebsite that the samples showed that the dominant group inaffected areas had become nematode worms.

The research team included members from University ofNevada-Reno, Texas A&M, NOAA's National Centers for CoastalOcean Science and representatives from BP.

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22 Dec 2023 19:24

Equinor takes stakes in 2 Angola oil exploration blocks

OSLO, Dec 22 (Reuters) - Equinor has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company's Africa operation said in a statement on Friday.

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22 Dec 2023 19:20

Equinor takes stakes in 2 Angola oil exploration blocks

OSLO, Dec 22 (Reuters) - Equinor has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company's Africa operation said in a statement on Friday. (Reporting by Terje Solsvik, editing by Essi Lehto)

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22 Dec 2023 11:00

US offshore wind poised for success next year after turbulent 2023

NEW YORK, Dec 22 (Reuters) - The U.S. offshore wind industry is eying a brighter 2024, with work expected to start on several projects following a year marked by stalled developments and billions of dollars in write-offs.

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20 Dec 2023 18:16

US Gulf of Mexico oil auction is largest since 2015

Dec 20 (Reuters) - A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time until 2025.

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20 Dec 2023 17:37

US Gulf of Mexico oil auction raises $382 million in high bids

Dec 20 (Reuters) - A Biden administration auction of Gulf of Mexico drilling rights raised more than $382 million on Wednesday, the highest total for a federal offshore oil and gas auction since 2015.

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20 Dec 2023 17:00

Sustainable Finance Newsletter - This time it's different for US SEC climate rules

Dec 20 (Reuters) -

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20 Dec 2023 15:36

Shipping container price surge to reverse due to overcapacity -logistics platform

MUMBAI, Dec 20 (Reuters) - Higher prices for containers used by merchant ships caused by attacks on Red Sea shipping are likely to fall back in three to nine months to levels seen in early December due to market overcapacity, the head of an online container logistics platform said on Wednesday.

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20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.

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19 Dec 2023 20:11

Norwegian Johan Sverdrup crude prices soar on Red Sea shipping issues

LONDON, Dec 19 (Reuters) - Prices for Norway's Johan Sverdrup crude soared on Tuesday, a move traders said could be linked to mounting concerns around the security of crude flows into Europe following maritime attacks by Yemen's Houthis in the Red Sea.

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19 Dec 2023 19:10

US launches Red Sea force as ships reroute to avoid attacks

Crisis is spillover from Israel-Hamas war

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19 Dec 2023 17:14

Shippers mask positions, weigh options amid Red Sea attacks

Dec 19 (Reuters) - A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.

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19 Dec 2023 17:01

LONDON MARKET CLOSE: Stocks close higher ahead of UK inflation data

(Alliance News) - Stock prices in Europe closed higher on Tuesday, after data confirmed that the eurozone is inching closer towards its 2% inflation targets.

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19 Dec 2023 15:02

London close: Stocks manage gains amid holiday slowdown

(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.

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19 Dec 2023 13:18

UK warns of deteriorating security in Red Sea, Royal Navy ship joins taskforce

LONDON, Dec 19 (Reuters) - Britain warned that the security situation in the Red Sea was deteriorating and ballistic missile and drone attacks were an increased threat, as it agreed for a Royal Navy Destroyer to join a U.S.-led operation to safeguard commerce in the region.

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19 Dec 2023 11:49

LONDON MARKET MIDDAY: FTSE 100 flat; Eurozone inflation cools to 2.4%

(Alliance News) - Stock prices in London were mixed at midday Tuesday, despite news that the eurozone's inflation is edging closer to its 2% target.

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