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United Kingdom

BP PLC (BP.L)

BP.L on London Stock Exchange

512.60GBp
22 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Jz Capital Partners Announces Sale Of Petrocorner
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Jz Capital Partners :JZ CAPITAL PARTNERS - SALE OF PETROCORNER, A NETWORK OF PETROL STATIONS THROUGHOUT SPAIN, TO A SPANISH SUBSIDIARY OF BRITISH PETROLEUM.JZ CAPITAL PARTNERS LTD - EXPECTS TO RECEIVE CUMULATIVE GROSS PROCEEDS OF EUR 12.1 MILLION FROM SALE.  Full Article

Colonial Pipeline Responds to Shippers' Complaints on Charge Hike
Monday, 31 Dec 2018 

Dec 31 (Reuters) - COLONIAL PIPELINE COMPANY ::ON DEC. 28 SAID THE COMMISSION SHOULD DISMISS THE COMPLAINT BECAUSE THE ISSUES IT RAISES ARE DUPLICATIVE.SAID COMPLAINANTS' REQUEST FOR SUMMARY REJECTION OR A SHOW CAUSE ORDER IS NOT WARRANTED.  Full Article

Petrofac With Construction And Commissioning Contract With Ithaca Energy
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Petrofac Ltd ::PETROFAC - SECURED CONSTRUCTION AND COMMISSIONING CONTRACT WITH ITHACA ENERGY (UK) VALUED IN REGION OF $10 MILLION.PETROFAC LTD - RESPONSIBLE FOR TOPSIDES CONSTRUCTION, COMMISSIONING WORKS TO BE UNDERTAKEN ON ITHACA-OPERATED FPF-1 FLOATING PRODUCTION FACILITY.PETROFAC LTD - CONTRACT RELATED TO TIEBACK OF BP-OPERATED VORLICH FIELD SUBSEA DEVELOPMENT IN CENTRAL NORTH SEA.PETROFAC LTD - ITHACA CONSTRUCTION AND COMMISSIONING CONTRACT DUE TO COMMENCE IN JANUARY 2019 AND COMPLETE IN 2020.  Full Article

BNP Paribas Awarded BP’S Cash Management Business Across Europe
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - BNP PARIBAS::ANNOUNCED THAT IT HAS BEEN AWARDED BP’S CASH MANAGEMENT BUSINESS ACROSS EUROPE, FOLLOWING A COMPETITIVE TENDER.  Full Article

BP Plc Recommends ADS Holders To Reject TRC's Mini-Tender Offer
Friday, 30 Nov 2018 

Nov 30 (Reuters) - BP Plc ::BP RESPONDS TO 'MINI-TENDER' OFFER.RECEIVED NOTIFICATION THAT ON NOVEMBER 19, 2018 TRC CAPITAL COMMENCED AN UNSOLICITED, BELOW-MARKET MINI-TENDER OFFER.BP RECOMMENDS THAT ADS HOLDERS REJECT OFFER AND DO NOT TENDER THEIR ADSS IN RESPONSE TO OFFER BY TRC.TRC CAPITAL COMMENCED UNSOLICITED, BELOW-MARKET MINI-TENDER OFFER TO PURCHASE UP TO 3 MILLION OF AMERICAN DEPOSITARY SHARES OF BP.BP IS IN NO WAY ASSOCIATED WITH TRC, MINI-TENDER OFFER OR OFFER DOCUMENTS.TRC MINI-TENDER OFFER IS NOT RELATED TO BP'S OWN SHARE BUYBACK PROGRAM TO REPURCHASE ORDINARY SHARES.TRC CAPITAL MINI-TENDER OFFER IS AT A PRICE OF $39.00 PER ADS.  Full Article

Hess Corp says Drilling Completed On Aspy Well
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Hess Corp ::DRILLING COMPLETED ON ASPY WELL.PROSPECT DID NOT ENCOUNTER COMMERCIAL QUANTITIES OF HYDROCARBONS.HESS' SHARE OF WELL COST THROUGH SEPTEMBER 30, 2018 WILL BE EXPENSED IN Q3.DRILLING OF ASPY EXPLORATION WELL OFFSHORE NOVA SCOTIA REACHED TOTAL DEPTH OF 7,400 METERS.  Full Article

BP CFO says major oil price correction unlikely
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - BP PLC ::BP CFO SAYS EXPECTS TO OFFSET EFFECT OF SCRIP DIVIDENDS SINCE LATE 2017 BY END OF NEXT YEAR.BP CFO SAYS EXPECTS ORGANIC CASH BREAKEVEN POINT AT $50/BBL IN 2018.BP CFO SAYS UNLIKELY WE WILL SEE MAJOR CORRECTION IN OIL PRICE.BP CFO SAYS FIRST TRANCHE OF DIVESTMENT OF LOWER 48 ASSETS TO GO THROUGH NEXT YEAR.BP CFO SAYS WE ARE CERTAINLY NOT SEEING ANY INFLATION IN RIG RATES.  Full Article

BP gearing might go above 30 pct in 2019 depending on oil price-CFO
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - BP PLC ::BP CFO SAYS GEARING MIGHT GO ABOVE 30 PERCENT IN 2019 DEPENDING ON OIL PRICES.BP CFO SAYS BP WILL REACH OVER $3 BILLION IN DISPOSALS THIS YEAR.BP CFO SAYS COMPANY HAS PREPARED FOR ALL BREXIT SCENARIOS, BUT DOES NOT EXPECT ANY MAJOR IMPACT ON BP.  Full Article

BP Expects To Fund Deal To BHP's Shale Assets From Available Cash
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - BP Plc ::ACQUISITION FROM BHP TO COMPLETE ON OCT. 31; EXPECTS TO FUND ENTIRE DEAL FROM AVAILABLE CASH, THAN USING EQUITY FOR THE DEFERRED CONSIDERATION.NET DEBT AT 30 SEPTEMBER 2018 WAS $39.2 BILLION, COMPARED WITH $39.8 BILLION A YEAR AGO.GEARING AT 30 SEPTEMBER 2018 WAS 27.5%, COMPARED WITH 28.4% A YEAR AGO.EXPECT GEARING TO REMAIN WITHIN THE TARGET BAND OF 20-30% DURING THE FOURTH QUARTER OF 2018.GEARING MAY MOVE TEMPORARILY ABOVE TOP END OF BAND IN EARLY 2019; EXPECTED TO MOVE BACK DOWN TOWARDS THE MIDDLE OF THE BAND BY THE END OF 2019.  Full Article

BP Underlying Replacement Cost Profit More Than Doubles To $3.8 Bln
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - BP PLC ::3Q18 PART 1 OF 1.UNDERLYING REPLACEMENT COST PROFIT FOR Q3 OF 2018 WAS $3.8 BILLION, MORE THAN DOUBLE A YEAR EARLIER.Q3 OPERATING CASH FLOW, EXCLUDING GOM OIL SPILL PAYMENTS OF $6.6 BILLION VERSUS $6.6 BILLION REPORTED LAST YEAR.GULF OF MEXICO OIL SPILL PAYMENTS IN QUARTER WERE $0.5 BILLION ON A POST-TAX BASIS..ORGANIC CAPITAL EXPENDITURE FOR THIRD QUARTER WAS $3.7 BILLION COMPARED WITH $4.0 BILLION LAST YEAR.DIVIDEND OF 10.25 CENTS A SHARE FOR Q3.QTRLY RC PROFIT OF $3,091 MILLION VERSUS. $1,379 MILLION AS REPORTED A YEAR EARLIER.DIVESTMENT PROCEEDS WERE $0.1 BILLION FOR THIRD QUARTER COMPARED WITH $0.2 BILLION LAST YEAR.QTRLY RC PROFIT PER ORDINARY SHARE OF 15.45 CENTS.QTRLY UNDERLYING RC PROFIT PER ORDINARY SHARE OF 19.18 CENTS.QTRLY UNDERLYING REPLACEMENT COST PROFIT ESTIMATE OF $2.85 BILLION, ACCORDING TO COMPANY COLLECTED CONSENSUS.PRODUCTION FOR QUARTER WAS 2,460MBOE/D, FLAT WITH THIRD QUARTER OF 2017, UNDERLYING PRODUCTION FOR THE QUARTER INCREASED BY 6.8%.EXPECT FOURTH-QUARTER REPORTED PRODUCTION TO BE HIGHER THAN THE THIRD QUARTER DUE TO THE ACQUISITION OF BHP ASSETS IN THE US LOWER 48.THUNDER HORSE NORTHWEST EXPANSION IN GULF OF MEXICO AND WESTERN FLANK B PROJECT IN AUSTRALIA BEGAN PRODUCTION IN OCT, BOTH AHEAD OF SCHEDULE.IN FOURTH QUARTER, EXPECT LOWER INDUSTRY REFINING MARGINS AND HIGHER LEVELS OF TURNAROUND DRIVEN BY ACTIVITY AT WHITING REFINERY IN U.S..  Full Article

Rosneft switches dealing to Singapore arm of China's CEFC, no change in oil volumes

MOSCOW, Jan 22 Rosneft plans to change its obligations towards China-based CEFC to the CEFC arm in Singapore, the Russian energy giant said on Tuesday, showing its commitments to the Chinese firm remain in place despite a failed privatisation deal.