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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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UAE asks oilfield bidders for 2-month offer extension - sources

Tue, 14th Oct 2014 15:21

DUBAI, Oct 14 (Reuters) - The United Arab Emirates has askedbidders for its biggest onshore oilfields to extend their offersby two months until Dec. 31, sources familiar with the mattersaid, as the country considers bringing in Asian firms afterdecades-long partnerships with western majors.

Nine Asian and western firms have bid for stakes in the AbuDhabi Company for Onshore Oil Operations (ADCO) concession aftera deal with western oil majors that dates back to the 1970sexpired in January.

State-run Abu Dhabi National Oil Company (ADNOC) has askedthe nine bidding companies to extend offers that were due toexpire around Oct. 22 until Dec. 21, three sources said.

Industry observers say any changes in the concessions wouldbe made at the highest decision-making body for the oil and gasindustry, the Supreme Petroleum Council. They say there is adifference in opinion inside the SPC over whether to stick withwestern companies, or make room for newcomers from Asia, whilesome would like to see ADNOC operating the fields alone.

ADNOC could not be reached for comment and none of the ninecompanies would comment. One source said however that it wasunlikely any company would refuse ADCO's request.

"Is any company going to say 'no our bids have expired'? Theanswer is no. No company is going to go through this effort andthen say our offers are not valid anymore," the source said.

ExxonMobil, Royal Dutch Shell, Total and BP - have each held 9.5 percent equitystakes in the ADCO concession since the 1970s. Portugal's Partexhad a 2 percent stake, and the rest was held by ADNOC.

After the deal expired in January, ADNOC took 100 percent ofthe concession. Shell, Total and BP have made their new bids,which are being evaluated by the government of Abu Dhabi, thecapital of the UAE, while Exxon has decided against bidding,sources have told Reuters.

U.S. firm Occidental Petroleum Corp, Italy's ENI, China National Petroleum Corp. (CNPC), Norway'sStatoil, Japan's Inpex and Korea National Oil Corp havealso bid for the new deal.

Each company submitted two proposals last year - one for a 5percent stake and another for a 10 percent stake, with a oneyear validity, the first source said. (Reporting by Rania El Gamal, additional reporting by GwladysFouche, Michel Rose, James Topham, Stephen Jewkes; editing bySusan Thomas)

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1 Nov 2023 11:39

LONDON MARKET MIDDAY: Stocks lower in cautious trade before Fed rate

(Alliance News) - Stock prices in London were lower at midday Wednesday, as investors eye two key interest rates from the US Federal Reserve and the Bank of England.

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1 Nov 2023 09:36

LONDON BROKER RATINGS: Goldman says 'sell' Segro; JPMorgan cuts BP

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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1 Nov 2023 07:40

LONDON BRIEFING: GSK raises annual guidance following Arexvy launch

(Alliance News) - Stocks in London are called higher on Wednesday, with the main focal point for the day being the upcoming US interest rate decision.

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31 Oct 2023 16:59

LONDON MARKET CLOSE: FTSE 100 returns early progress as BP disappoints

(Alliance News) - London-listed blue-chips faded after a bright start with falls in oil majors, and index heavyweights, BP and Shell dragging the FTSE 100 lower.

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31 Oct 2023 15:41

London close: Stocks finish mixed, Rolls-Royce jumps on upgrade

(Sharecast News) - London's stock markets saw a mixed performance on Tuesday, with Rolls-Royce recording solid gains after a rating upgrade, while BP fell on disappointing third-quarter numbers.

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31 Oct 2023 11:52

LONDON MARKET MIDDAY: Stocks up despite Eurozone recession fear

(Alliance News) - Stock prices in Europe were higher at midday Tuesday, despite new data adding to fears that the Eurozone may sink into recession.

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31 Oct 2023 08:54

LONDON MARKET OPEN: Stocks rise; BP shares fall on profit miss

(Alliance News) - The FTSE 100 opened in the green on Tuesday, despite a share price fall for BP, one of the index's largest constituents, amid more positive trading sentiment in Europe and the US.

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31 Oct 2023 08:50

TOP NEWS: BP third quarter revenue falls, calls another share buyback

(Alliance News) - BP PLC shares fell early on Tuesday, after the London-based oil major saw underlying replacement profit fall in the third quarter, although it rose at a statutory pretax level, while revenue fell.

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31 Oct 2023 07:41

LONDON BRIEFING: BP announces buyback; IG to cut 10% of staff

(Alliance News) - Stocks in London are called higher on Tuesday, as the FTSE 100 looks set to shake off weaker economic data from China.

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31 Oct 2023 07:14

BP announces $1.5bn buyback as Q3 underlying profits rise 27%

(Sharecast News) - Oil titan BP has announced a new $1.5bn share buyback after reporting an underlying replacement cost profit of $3.3bn for the third quarter - but the bottom line came in well under market forecasts.

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30 Oct 2023 12:56

Tuesday preview: BP in the spotlight

(Sharecast News) - Financial markets' focus on Tuesday will be on the Bank of Japan as its top officials meet to decide on monetary policy.

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27 Oct 2023 12:06

LONDON MARKET MIDDAY: Oil majors lift FTSE 100 but banks fall

(Alliance News) - Stock prices in London were up at midday on Friday, as the FTSE 100 was led higher by oil majors, tracking a rise in the Brent price.

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24 Oct 2023 15:48

UK earnings, trading statements calendar - next 7 days

Wednesday 25 October 
Asos PLCFull Year Results
Bytes Technology Group PLCHalf Year Results
Critical Mineral Resources PLCTrading Statement
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
Ibstock PLCTrading Statement
Lloyds Banking Group PLCTrading Statement
Reckitt Benckiser Group PLCTrading Statement
RWS Holdings PLCTrading Statement
ScS Group PLCFull Year Results
Taylor Maritime Investments LtdTrading Statement
Virgin Wines UK PLCFull Year Results
Thursday 26 October 
Bank of Ireland Group PLCTrading Statement
Bloomsbury Publishing PLCHalf Year Results
Botswana Diamonds PLCTrading Statement
C&C Group PLCHalf Year Results
e-Therapeutics PLCHalf Year Results
Financials Acquisition CorpTrading Statement
GCP Infrastructure Investments LtdTrading Statement
HarbourVest Global Private Equity LtdHalf Year Results
Hummingbird Resources PLCTrading Statement
Hunting PLCTrading Statement
Inchcape PLCTrading Statement
International Personal Finance PLCTrading Statement
PPHE Hotel Group LtdTrading Statement
Renishaw PLCTrading Statement
Standard Chartered PLCQ3 Results
Unilever PLCTrading Statement
WPP PLCTrading Statement
Friday 27 October 
International Consolidated Airlines Group SAQ3 Results
NatWest Group PLCQ3 Results
Monday 30 October 
Airtel Africa PLCHalf Year Results
Computacenter PLCTrading Statement
Glencore PLCTrading Statement
HSBC Holdings PLCQ3 Results
Lok'n Store Group PLCFull Year Results
Pearson PLCTrading Statement
Tuesday 31 October 
BP PLCQ3 Results
Coca-Cola HBC AGTrading Statement
Elementis PLCTrading Statement
essensys PLCFull Year Results
Georgia Capital PLCQ3 Results
Grit Real Estate Income Group LtdFull Year Results
RHI Magnesita NVTrading Statement
Spectris PLCQ3 Results
TP ICAP Group PLCTrading Statement
UP Global Sourcing Holdings PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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20 Oct 2023 10:02

UPDATE: BP ships cargo from expanded Tangguh facility in Indonesia

(Alliance News) - BP PLC on Thursday said it shipped its first cargo from Indonesia's expanded Tangguh liquefied natural gas facility.

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20 Oct 2023 09:55

BP ships first cargo from expanded Tangguh facility in Indonesia

(Alliance News) - BP PLC on Thursday said it shipped its first cargo from Indonesia's expanded Tangguh liquefied natural gas facility.

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