Saturday 13 February 2016
 
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BP

European shares drop as oil prices fall, BP posts loss

European equities fell on Tuesday as crude oil prices slipped again and companies like BP reported disappointing earnings. BP fell 9 per cent, its biggest daily decline since mid-June 2010, after reporting its worst annual loss in

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BP posts biggest annual loss, announces massive job cuts

  BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even one of the nimblest oil producers is struggling in the worst market downturn in over a decade. The

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BP's LNG shipment highlights Egypt's payment struggle

BP's diversion of a tanker of liquefied natural gas (LNG) away from Egypt due to payment issues is the first sign that the country's currency crisis could be jeopardising its energy supplies, traders said.  

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Oil prices could hit low point in Q1, says BP chief

The slump in global oil prices could hit bottom in early 2016 although prices are likely to remain low for the next couple of years, BP chief executive Bob Dudley said. "A low point could be in the first quarter," Dudley

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BP orders North Sea platform evacuation over storm

BP said it ordered a total evacuation of its Valhall platform in the North Sea on Thursday after a barge broke its anchor and was drifting towards the installation following a storm. "The barge has changed direction and BP ha

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BP adds interest in West Nile Delta Project

BP Egypt has announced today the completion of its acquisition of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel.  Th

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BP signs deal to fast-track Egyptian gas field

BP has signed a preliminary deal with Egypt to rapidly develop the Atoll offshore gas field that is now expected to produce first gas in 2018, the company said on Thursday.   BP's signing of the Heads of Agre

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Technology to help double world energy resources: BP

The world is no longer at risk of running out of oil or gas for decades ahead with existing technology capable of unlocking so much that global reserves would almost double by 2050 despite booming consumption, oil major BP said on Monday.

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BP wins 3 blocks in Egypt; $229m investment planned

BP Egypt has been awarded three new exploration blocks in the 2015 Egyptian Natural Gas Holding Company (EGAS) bid round, the company has announced. BP and its partners have committed to invest a total of $229 million in the block

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Climate qualms mean oil will never be used up: BP

Concerns about the climate change impact of burning the world's remaining oil resources mean the reserves will never be fully exploited, BP chief economist Spencer Dale said. That assumption means the relative price of oil wil

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