LONDON, July 26 (Reuters) – BP boss Bob Dudley is under
pressure to outline his post-oil spill strategy and revive the
share price when he unveils second-quarter earnings on Tuesday.
A year after BP staunched the massive leak at its Gulf of
Mexico well, investors say Dudley still has not set the company
on the road to recovery and that big plans for emerging markets’
growth have failed to impress.
LONDON, Jul (Reuters) – BP boss Bob Dudley is under pressure to clear up confused strategy and revive the oil giant’s share price when it reports second-quarter earnings next week that will lag well behind its peers.
A year after BP staunched the massive leak at its Gulf of Mexico well, investors say Dudley still has not set the company on the road to recovery and big plans for emerging markets growth have fallen flat.
LONDON (Reuters) – Shares in British oil major BP (BP.L: Quote, Profile, Research, Stock Buzz) traded down on Thursday after a spat with partners in its Russian joint venture TNK-BP (TNBP.MM: Quote, Profile, Research, Stock Buzz) flared up again.
BP’s oligarch co-owners in TNK-BP have restarted tribunal proceedings aimed at securing a ruling that BP broke their shareholders’ agreement — a ruling that could make BP liable for billions of dollars in damages — sources close to both sides said.
LONDON, Jul (Reuters) – Failed attempts to blame outsiders for mistakes, accusations that senior managers deliberately misled the authorities, and an escalating scandal that threatens the company’s very existence.
A year ago it was BP. Today it’s Rupert Murdoch’s News Corp.
Phone hacking and payments to police by employees at his UK newspaper group lit an explosion of public outrage and political pressure that has scorched his business.
ANCHORAGE/LONDON, July 18 (Reuters) – ANCHORAGE/LONDON,
July 18 (Reuters) – BP reported yet another pipeline leak
at its Alaskan oilfields, frustrating the oil giant’s attempts
to rebuild its reputation after the Gulf of Mexico oil spill.
BP said on Monday that a pipeline at its 30,000 barrel per
day Lisburne field, which is currently closed for maintenance,
ruptured during testing and spilled a mixture of methanol and
oily water onto the tundra.
LONDON/WASHINGTON (Reuters) – BP Plc promised improved drilling practices on Friday as the company balances twin aims of rebuilding investor and public confidence after the Gulf of Mexico oil spill while not admitting flaws in its own procedures.
BP said it would more closely oversee the work of its contractors, echoing its position that the rig blast, which killed 11 men and led to the spill, was the fault of its contractors, including driller Transocean and Halliburton.
LONDON (Reuters) – BHP Billiton’s $12.1 billion agreed takeover of U.S. shale gas producer Petrohawk Energy Corp shows environmental concerns and weak margins have not cooled interest in this controversial energy source.
Since the countries with the biggest oil and mineral resources restrict foreign companies’ ability to access those reserves, companies have been forced to reinvest their cash from bumper commodity prices in possibly the most widely criticized and least lucrative part of the industry.
LONDON, June 30 (Reuters) – British gas producer BG Group
said it had doubled its best estimate of its oil and gas
reserves in Brazil’s Santos basin to six billion barrels,
lifting shares in the company and its partners.
The upgrade of the fields, co-owned with state-controlled
Petrobras , Spain’s Repsol and Portugal’s
Galp Energia , follows new tests and highlights the
value of the finds, which represent one of the industry’s
largest new oil provinces in recent decades.
LONDON (Reuters) – Gas producer BG Group (BG.L: Quote, Profile, Research) said it had doubled its best estimate of its oil and gas reserves in Brazil’s Santos basin to six billion barrels, lifting the company’s shares by more than 6 percent.
The upgrade of the fields, co-owned with state-controlled Petrobras (PETR4.SA: Quote, Profile, Research) and Spain’s Repsol (REP.MC: Quote, Profile, Research), follows new tests and highlights the value of the finds, which represent one of the industry’s largest new oil provinces in recent decades.
LONDON, June 20 (Reuters) – UK explorer Premier Oil Plc
has agreed to pay around $110 million to increase its
stake in the Wytch Farm fields in Dorset, southern England,
boosting reserves at what it said was an inexpensive price.
Premier said on Monday it had exercised pre-emption rights
to give it an additional 17.715 percent interest in the assets,
after oil major BP Plc agreed to sell its controlling
stake to unlisted French explorer Perenco.