Tag: BP

Brent crude below the $60 mark

Brent crude below the $60 mark

The FTSE 100 was down 0.457pc to 6,742.29 during midday trading, having revived from lows of 7,713.06 in the morning session, dragged lower by poor performances from oil giants BP and Royal Dutch Shell. International benchmark Brent crude plummeted 2.62pc at $58.05 after reports of swelling oil inventories and forecasts […]

Sterling up as May survives vote of no confidence

Sterling up as May survives vote of no confidence

The FTSE 100 was steady at 6,872.76 as gains were offset by stocks that did not benefit from the rally in the value of the pound, including oil giant BP that was down 2.25pc. Brent crude dipped below the $60 mark after it dropped 0.83pc to $59.65, under pressure from […]

Miners and oil stocks help FTSE 100 surge

Miners and oil stocks help FTSE 100 surge

The FTSE 100 surged 2.045pc at 7,123.03 after Washington and Beijing agreed a ceasefire in the trade conflicts that have weighed heavily on the markets. Miners and oil giants helped drive the surge of the FTSE 100, led by Anglo American and Antofagasta up 6.49pc and 7.60pc respectively, while BP […]

Britain to see first carbon capture project

Britain to see first carbon capture project

Six oil and gas giants have announced plans to study the development of Carbon capture, usage and storage (CCUS) in Britain, in what would be the first use of the technology in the country. The study will come under the investment branch of the Oil and Gas Climate Initiative (OGCI), […]

Sterling jumps over 1pc on Brexit hopes

Sterling jumps over 1pc on Brexit hopes

The FTSE 100 was up 0.354pc at 7,153.33 during midday trading, despite heavy losses from oil giants BP and Royal Dutch Shell, down 2.49pc and 1.94pc respectively. Brent crude was down 0.68pc at 74.53 on course for a fourth consecutive weekly decline as increasing crude supplies met concern over global […]

Brent crude dropped on growing supply

Brent crude dropped on growing supply

The FTSE 100 edged 0.203pc higher at 7,040.57 led by oil giant BP, up 3.25pc, after it announced it doubled its third quarter profits on the year. Brent crude dropped 0.71pc to $76.79 on concerns that the US-China trade dispute could dent economic growth and signs that global supply continues […]

BP pay cash for BHP’s assets after bumped profits

BP pay cash for BHP’s assets after bumped profits

BP is set to fund its acquisition of BHP’s US shale assets in cash after it more than doubled its earnings during the third quarter of this year, in comparison to that period in 2017, boosted by higher oil prices and a faster rate of project delivery. Underlying replacement cost […]

Investment in the North Sea reaches 3 year high

Investment in the North Sea reaches 3 year high

The North Sea has seen investments hit £3 billion this year, the highest level for three years, following the approval from authorities over two new oil and gas projects. In the latest sign of recovery in the North Sea, the UK Oil and Gas Authority approved BP and Royal Dutch […]