Wednesday, April 7, 2010 as of 11:14 AM ET
BP p.l.c. (, ) is a British multinational oil and gas company headquartered in London, United Kingdom.
Read More at Wikipedia ›The fact that some of the world's largest oil and gas reservoirs are 100% owned and operated by national oil companies could benefit international oil companies if economic sanctions imposed on Iran constrain the country's petroleum production, Moody's Investors Service said in a recent note.
"As most IOCs have no or very limited exposure to Iran in terms of their overall production, higher prices triggered by a supply squeeze from the sanctions on Iran would benefit their upstream operations considerably."The analysts went on to say that the gains from higher prices would outweigh any adverse effects on IOC's downstream businesses, which typically account for a smaller portion of these companies operating profits and cash flows.The overall impact on Iran's crude export volumes is likely to be limited, however, as major importers like China and India would be reticent to reduce their supply by anything more than the minimum amount required to receive a waiver from US sanctions, said Moo...South Africa's national oil company PetroSA said Thursday it HAS purchased two depots from the South African operations of BP PLC (BP), as the national oil company d...
European markets traded volatile on Thursday, but stocks moved off earlier lows to trade rise, shaking off a clutch of downbeat euro-area data. The Stoxx Europe 600 ...
European stock markets opened higher on Thursday, set to bounce back from a prior-day rout, with banks and resources stocks pushing higher, inspired by a late-stage ...
One of Europe's largest institutional investors, Scottish Widows Investment Partnership, Wednesday warned the fast growing shale gas industry to do more to prevent t...
Recap for Tuesday, May 22 by Kevin Corrigan and Nicole Wachs Did you miss Tuesday's TradeKing Midday Market Call? Here's a quick recap. Don't miss another session, r...
Join Michael Kahn and TradeKing's Options Guy, Brian Overby, every Tuesday at noon ET for the Midday Market Call. As an added bonus, Michael shares the Quick Takes ...
Royal Dutch Shell PLC (RDSA, RDSB.LN) shareholders showed their ire over high executive pay with 9% of investors rejecting the company's remuneration report at Shell...
BP PLC (BP, BP.LN) reported a problem at an important gasoline production unit Tuesday at its refinery in Texas City, according to a government filing.The refinery's...
BP PLC (BP) reported a malfunction Monday at its Cherry Point refinery in Blaine, Wash., according to a document made public Tuesday.The malfunction caused sulfur di...
Canada's Niko Resources Ltd. (NKO.T) Tuesday said it, along with partners Reliance Industries Ltd. (500325.BY) and BP PLC (BP), will abandon the D4 block in the Maha...
BP PLC's (BP) Russian joint venture TNK-BP Ltd. said Monday that Evert Henkes, formerly an executive at Royal Dutch Shell PLC (RDSA), was appointed the company's sec...
French oil major Total SA (TOT) Monday said the operation to end the natural gas leak at a platform in the North Sea was successful, ending a crisis some feared coul...
is to invest $11 billion in a natural gas project in eastern Indonesia, Reuters reported Friday on its website, citing a statement issued by Indonesian President Sus...
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U.K. energy giant BP PLC (BP) confirmed Friday that a key European pipeline project to import natural gas from Azerbaijan, called Nabucco, will be of much more limit...
U.K. energy giant BP PLC (BP) confirmed Friday that a key European pipeline project to import natural gas from Azerbaijan, called Nabucco, will be of much more limit...
Gulf Coast spot gasoline pricing discounts narrowed again on Thursday amid moderate, pre-holiday weekend buying and somewhat on news of a gasoline-making unit shutdo...
BP PLC (BP, BP.LN) Thursday began the process of shutting down the same key gasoline-making fluid catalytic cracking unit, or FCCU, that began restarting after five ...
Russian President Vladimir Putin said Thursday that independent oil companies should have the right to develop offshore resources as long as they don't sell those ri...
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