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407 stories mentioning BPUpdated 21h ago

Featured in energy-sector and European ADR roundups as oil prices swung around the US-Iran truce reopening the Strait of Hormuz.

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Sectors

Sector Update: Energy Stocks Advance Early Wednesday

Energy stocks were advancing in early Wednesday morning trading, with the State Street Energy Select Sector SPDR ETF (XLE) 0.3% higher.The United States Oil Fund (USO) was up 0.5% and the United States Natural Gas Fund (UNG) was 2.2% higher.Front-month US West Texas Intermediate crude oil was 0.2% higher at $85.08 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil gained 0.1% to reach $91.14 per barrel, and natural gas futures were up 3% at $2.86 per 1 million British Thermal Units.FLEX LNG (FLNG) shares were up more than 6% after the company reported higher Q2 adjusted net income and revenue.Northern Oil and Gas (NOG) stock was up more than 1% after the company said it is planning to sell $500 million in senior notes due 2034 through a private offering to certain purchasers.BP (BP) has begun trading Venezuelan oil, with a tanker loading about 400,000 barrels of heavy fuel oil supplied by state-owned Petroleos de Venezuela for delivery to Houston, Bloomberg News reported Tuesday. BP stock was 0.8% higher in early trading hours.

$BP$FLNG$NOG$UNG$USO$XLE
Equities

BP to Conduct Planned Turnaround at Central Azeri Platform

BP (BP) began an 11-day planned maintenance program at the Central Azeri platform in Azerbaijan, with production from the platform expected to be reduced but not fully suspended during the work, the company said Wednesday.Production from the East and West Azeri platforms will also be temporarily curtailed, with the maintenance program including integrity work, flare upgrades, reliability improvements and Central Azeri Gas Expansion project activities, BP said.The company also said production from other Azeri-Chirag-Deepwater Gunashli platforms, as well as the Shah Deniz platforms and Sangachal terminal, is expected to continue normally.BP said the planned turnaround is part of its 2026 annual work program and budget, with the associated production curtailment already incorporated into its annual production forecast.

$BP
Equities

Market Chatter: BP Begins Loading Venezuelan Crude

BP (BP) has begun trading Venezuelan oil, with a tanker loading about 400,000 barrels of heavy fuel oil supplied by state-owned Petroleos de Venezuela for delivery to Houston, Bloomberg News reported Tuesday.The tanker Monte Lema loaded the cargo for BP and is scheduled to sail for Houston, according to the report.The London-based oil giant BP follows in the footsteps of Singapore-based commodity-trading house Trafigura and the Rotterdam-based Vitol, an energy-trading enterprise, returning to Venezuelan oil trading.BP enters Venezuelan petroleum trading after the oil giant, with partners, earlier this month obtained a license to develop the Loran gas field in offshore Venezuela.BP didn't immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$BP
Asia Markets

European Equities Traded in the US as American Depositary Receipts Track Lower in Friday Trading

European equities traded in the US as American depositary receipts were tracking lower late Friday morning, declining 0.35% to 1,962.14 on the S&P Europe Select ADR Index, which is up 0.17% for the week so far.From continental Europe, the gainers were led by semiconductor company Sequans Communications (SQNS) and petroleum refiner Equinor (EQNR), which rose 3.2% and 2.3%, respectively. They were followed by oil and gas company Eni (E) and telecommunications firm Nokia (NOK), which were up 0.8% and 0.7%, respectively.The decliners from continental Europe were led by biopharmaceutical companies Cellectis (CLLS) and argenx (ARGX), which dropped 2.5% and 2.1%, respectively. They were followed by biopharmaceutical firm DBV Technologies (DBVT) and biotech company Evaxion (EVAX), which lost 1.8% and 1.6%, respectively.The gainers from the UK were led by biopharmaceutical company NuCana (NCNA) and biotech firm Trinity Biotech (TRIB), which advanced 4.1% and 3.1% respectively. They were followed by oil and gas companies Shell (SHEL) and BP (BP), which increased 1.7% and 0.9% respectively.The decliners from the UK and Ireland were led by biotech firm Autolus Therapeutics (AUTL) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which fell 7.4% and 3.9% respectively. They were followed by biopharmaceutical companies Bicycle Therapeutics (BCYC) and Akari Therapeutics (AKTX), which were down 2.3% and 1.3% respectively.

$AKTX$ARGX$AUTL$BCYC$BDRX$BP$CLLS$DBVT$E$EQNR$EVAX$NCNA$NOK$SHEL$SQNS$TRIB
Sectors

Sector Update: Energy Stocks Edge Higher Pre-Bell Friday

Energy stocks were edging higher pre-bell Friday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.3%.The United States Oil Fund (USO) was down 0.2% and the United States Natural Gas Fund (UNG) was 0.8% higher.Front-month US West Texas Intermediate crude oil was 0.1% higher at $81.31 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell marginally to $87.05 per barrel, and natural gas futures were up 0.9% at $2.75 per 1 million British Thermal Units.Diversified Energy (DEC) is in preliminary talks to acquire Birch Resources, which operates in the Permian Basin, Reuters reported, citing a Diversified Energy statement. Shares of Diversified Energy were up more than 2% premarket.BP (BP) received an exploration and production license for phase 2 of the Loran offshore gas field in Venezuela's Plataforma Deltana area with an estimated 4 trillion cubic feet of recoverable gas resources, the company said. Shares of BP were 0.3% higher pre-bell.Eni (E) and its partners have submitted an application for an Argentinian liquefied natural gas project to join the so-called Large Investment Incentive Regime, which is designed to promote investments in the South American nation's strategic sectors, Eni said. Eni shares were up 0.1% premarket.

$BP$DEC$E$UNG$USO$XLE
Equities

BP to Operate Loran Phase 2 Offshore Gas Development in Venezuela

BP (BP) received an exploration and production license for phase 2 of the Loran offshore gas field in Venezuela's Plataforma Deltana area with an estimated 4 trillion cubic feet of recoverable gas resources, the company said Thursday.BP will operate the development in partnership with XRG, Adnoc's international energy investment company, and UCC Oil and Gas, with each party holding an equal working interest.BP and Venezuela also signed a memorandum of understanding to assess exploration opportunities and potential future development in the Carupano East Block, the company said.

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Oil & Energy

XRG Enters Venezuela With Loran Offshore Gas License, Adds 4 Tcf Resources

XRG, Abu Dhabi National Oil Company's international energy investment firm, is entering Venezuela through the Loran offshore gas license, which holds over 4 trillion cubic feet of recoverable gas resources, the company said Thursday.XRG will hold an interest in the license alongside BP (BP) and UCC following a transfer from PDVSA Gas, subject to customary regulatory approvals.BP will operate the development, with each of the three partners holding an equal working interest in the Loran Phase 2 license, according to a Thursday statement from BP.The Loran license forms part of the broader Loran-Manatee offshore gas accumulation, which extends across the maritime boundary between Venezuela and Trinidad and Tobago.XRG said its participation in Loran Phase 2 supports its strategy to build a gas and LNG platform across Latin America, with cooperation from the Venezuelan government helping to establish the investment framework.The project gives XRG an equal interest with BP and UCC in an estimated 4 Tcf of recoverable gas resources, strengthening its Atlantic Basin position and gas and LNG portfolio.XRG's participation remains subject to final license and development agreements, government and regulatory approvals, and applicable international sanctions and compliance requirements.The license follows a memorandum of understanding signed by BP and the Venezuelan government in April 2026.This agreement established a framework for cooperation on exploration and potential future development in the Plataforma Deltana area, including the Loran offshore gas field, according to a BP statement.BP and the Venezuelan government also signed a separate memorandum of understanding covering the Carupano East Block in the Caracolito sub-basin of the Mariscal Sucre maritime area.The agreement establishes a framework for evaluating exploration opportunities and discussing potential future development of the offshore area, BP said."Venezuela holds significant gas resources and has the potential to play a greater role in meeting regional and international energy demand," said Mohamed Al Aryani, President, International Gas, XRG.

$BP
Commodities

Update: Rotterdam Port Explosion Leaves 1 Dead, Several Injured; Operations Continue

(Updates with BP's response in 6th paragraph)An explosion at Rotterdam port killed one person and injured several others Thursday, while shipping traffic continued normally, a spokesperson from the Port of Rotterdam toldin an emailed response.The spokesperson said the explosion did not interrupt shipping traffic or affect operations at companies outside Gunvor's premises, while the port area extends over 40 kilometers.Gunvor stopped refinery operations at the site in 2020, and the premises now mainly serve as tank storage, the port's spokesperson said.Rotterdam emergency services reported a major power outage after a transformer caught fire under unexplained circumstances, forcing several companies to halt operations and evacuate workers, according to a report from AP News.Shell (SHEL) toldthat it was not involved in the incident and that the explosion did not affect its people or operations, adding that it had no further comment.BP (BP) also confirmed tovia email that it was unaffected by the incident at present.Gunvor and Exxon Mobil (XOM) did not immediately reply to' request for comment.Price: $89.71, Change: $-0.36, Percent Change: -0.40%

$BP$SHEL$XOM
Asia Markets

European Equities Traded in the US Rise in Thursday Trading

European equities traded in the US as American depositary receipts were higher late Thursday morning, rising 0.45% to 1,969.72 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company Cellectis (CLLS) and biotech firm Evaxion (EVAX), which rose 4.9% and 2.9% respectively. They were followed by telecommunications company Nokia (NOK) and healthcare tech company Royal Philips (PHG), which increased 2.8% and 1.9% respectively.The decliners from continental Europe were led by Ascendis Pharma (ASND) and petroleum refiner Equinor (EQNR), which fell 3.8% and 2.8% respectively. They were followed by oil and gas company Eni (E) and pharmaceutical company Novo Nordisk (NVO), which were down 1.8% and 0.7% respectively.The gainers from the UK were led by Autolus Therapeutics (AUTL) and Silence Therapeutics (SLN), which rose 4.7% and 3.6% respectively. They were followed by software firm Endava (DAVA) and British American Tobacco (BTI), which were up 3.3% and 2.9% respectively.The decliners from the UK and Ireland were led by Trinity Biotech (TRIB) and Mereo BioPharma Group (MREO), which lost 3% and 2.5% respectively. They were followed by mining firm BHP (BHP) and oil and gas company BP (BP), which fell 1.8% and 1.5% respectively.

$ASND$AUTL$BHP$BP$BTI$CLLS$DAVA$E$EQNR$EVAX$MREO$NOK$NVO$PHG$SLN$TRIB
Commodities

Rotterdam Port Explosion Leaves 1 Dead, Several Injured; Operations Continue

An explosion at Rotterdam port killed one person and injured several others Thursday, while shipping traffic continued normally, a spokesperson from the Port of Rotterdam toldin an emailed response.The spokesperson said the explosion did not interrupt shipping traffic or affect operations at companies outside Gunvor's premises, while the port area extends over 40 kilometers.Gunvor stopped refinery operations at the site in 2020, and the premises now mainly serve as tank storage, the port's spokesperson said.Rotterdam emergency services reported a major power outage after a transformer caught fire under unexplained circumstances, forcing several companies to halt operations and evacuate workers, according to a report from AP News.Shell (SHEL) toldthat it was not involved in the incident and that the explosion did not affect its people or operations, adding that it had no further comment.Gunvor, BP (BP), and Exxon Mobil (XOM) did not immediately reply to' request for comment.Price: $89.41, Change: $-0.66, Percent Change: -0.73%

$BP$SHEL$XOM
Equities

TechnipFMC Wins Pipe Contract for Azule Energy's West Hub Tails Project

TechnipFMC (FTI) won a contract valued at $75 million to $250 million to supply flexible flowlines and risers for Azule Energy's West Hub Tails project offshore Angola.The award will be included in Q3 inbound orders, TechnipFMC said Tuesday in a statement.TechnipFMC will design and manufacture flowlines, risers, and associated equipment to accommodate production from the West Hub area for consolidation into the Agogo floating production, storage, and offloading vessel.Azule is a joint venture between BP (BP) and Eni (E).

$BP$E$FTI
Oil & Energy

Update: Trinidad's NGC Eyes 20% Stake in BP-Linked Venezuela Gas Project

(Updates with BP's response in the 3rd paragraph.)BP (BP) said it has agreed terms for National Gas Company of Trinidad and Tobago to acquire a 20% interest in Block 5(b), which contains the Manakin field, the energy major confirmed in an emailed response toon Tuesday.NGC could acquire a 20% interest in the Venezuelan portion of the Cocuina-Manakin gas project from BP, Reuters reported Monday, citing two sources familiar with the matter.The deal would come less than four months after Venezuela granted BP a license to develop the field, while Prime Minister Kamla Persad-Bissessar is expected to announce the agreement Monday, the sources said.The Cocuina-Manakin field holds 1 trillion cubic feet of gas and spans the Trinidad and Tobago-Venezuela maritime boundary, with NGC owning 20% of Manakin. BP and NGC also agreed to market 70% of output to Atlantic LNG.NGC did not immediately reply to' request for comment.Price: $43.02, Change: $+0.10, Percent Change: +0.23%

$BP
Oil & Energy

Market Chatter: Trinidad's NGC Eyes 20% Stake in BP-Linked Venezuela Gas Project

Trinidad and Tobago's National Gas Company could acquire a 20% interest in the Venezuelan portion of the Cocuina-Manakin gas project from BP (BP), Reuters reported Monday, citing two sources familiar with the matter.The deal would come less than four months after Venezuela granted BP a license to develop the field, while Prime Minister Kamla Persad-Bissessar is expected to announce the agreement Monday, the sources said.The Cocuina-Manakin field holds 1 trillion cubic feet of gas and spans the Trinidad and Tobago-Venezuela maritime boundary, with NGC owning 20% of Manakin. BP and NGC also agreed to market 70% of output to Atlantic LNG.BP and NGC did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumors and speculation. Accuracy is not guaranteed.)Price: $42.90, Change: $+1.27, Percent Change: +3.04%

$BP
Asia Markets

European Equities Traded in the US as American Depositary Receipts Edge Higher in Monday Trading

European equities traded in the US as American depositary receipts started the week modestly higher late Monday morning, rising 0.14% to 1,959.77 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by furniture maker Natuzzi (NTZ) and petroleum refiner Equinor (EQNR), which advanced 17% and 3.8% respectively. They were followed by biopharmaceutical company DBV Technologies (DBVT) and biotech firm Evaxion (EVAX), which rose 3.6% and 2.3% respectively.The decliners from continental Europe were led by biopharmaceutical company Cellectis (CLLS) and internet advertising firm Criteo (CRTO), which fell 3.4% and 2.3% respectively. They were followed by accommodations booking site trivago (TRVG) and brewing company Anheuser-Busch InBev (BUD), which were down 1.7% and 1.3% respectively.The gainers from the UK were led by pharmaceutical company Silence Therapeutics (SLN) and biopharmaceutical company Akari Therapeutics (AKTX), which surged 43% and 7.7% respectively. They were followed by oil and gas company BP (BP) and biotech firm Trinity Biotech (TRIB), which increased 2.1% and 1.9% respectively.The decliners from the UK and Ireland were led by communications company WPP (WPP) and tobacco company British American Tobacco (BTI), which lost 5.5% and 3.7% respectively. They were followed by telecommunications operator Vodafone Group (VOD), which was off 2.6%.

$AKTX$BP$BTI$BUD$CLLS$CRTO$DBVT$EQNR$EVAX$NTZ$SLN$TRIB$TRVG$VOD$WPP
Asia Markets

European Equities Traded in the US as American Depositary Receipts Rise in Friday Trading

European equities traded in the US as American depositary receipts were trending higher late Friday morning, rising 0.91% to 1,957.71 on the S&P Europe Select ADR Index, which is up 1.6% for the week so far.From continental Europe, the gainers were led by internet ad firm Criteo (CRTO) and software company SAP (SAP), which rose 4.1% and 3.8% respectively. They were followed by accommodations booking site trivago (TRVG) and semiconductor company Sequans Communications (SQNS), which were up 3.3% and 2.9% respectively.The decliners from continental Europe were led by furniture maker Natuzzi (NTZ) and oil and gas company Eni (E), which dropped 12% and 1.3% respectively. They were followed by petroleum refiner Equinor (EQNR) and telecommunications company Nokia (NOK), which were off 0.9% and 0.6% respectively.The gainers from the UK were led by communications company WPP (WPP) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which advanced 5% and 4.8% respectively. They were followed by biotech firm Autolus Therapeutics (AUTL) and biopharmaceutical company Bicycle Therapeutics (BCYC), which increased 4.3% and 4% respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Akari Therapeutics (AKTX) and oil and gas company BP (BP), which fell 2.5% and 1.2% respectively. They were followed by oil and gas company Shell (SHEL) and biopharmaceutical company NuCana (NCNA), which lost 1.1% and 0.7% respectively.

$AKTX$AUTL$BCYC$BDRX$BP$CRTO$E$EQNR$NCNA$NOK$NTZ$SAP$SHEL$SQNS$TRVG$WPP
Sectors

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks were higher late Thursday afternoon, with the NYSE Energy Sector Index rising 1.6% and the State Street Energy Select Sector SPDR ETF (XLE) up 1.5%.The Philadelphia Oil Service Sector Index was climbing 3.8%, and the Dow Jones US Utilities Index was shedding 0.6%.In geopolitical news, Iran and Oman are reportedly close to finalizing a framework regarding the Strait of Hormuz. But US and Israeli ships would be blocked from moving through the strategic waterway, Iranian state news outlet Fars reported Thursday, according to CNBC.Front-month West Texas Intermediate crude oil rose 3.1% to $77.54 a barrel, and the global benchmark Brent crude contract added 4.1% to $82.68 a barrel. Henry Hub natural gas futures fell 2% to $2.64 per 1 million BTU.In sector news, US natural gas stocks rose by 33 billion cubic feet in the week ended July 31, above the 30 billion increase expected in a survey compiled by Bloomberg and following an increase of 28 billion cubic feet in the previous week.In corporate news, BP (BP) has agreed to acquire Woodside Energy's (WDS) 70% stake in the Calypso gas project in Trinidad and Tobago. Following the close of the deal, BP will own 100% of the early-stage, deepwater natural gas project and will assume operatorship, it said. BP shares rose 2.7%, and Woodside added 3.2%.SLB (SLB) and Equinor (EQNR) signed a multiyear agreement for reservoir stimulation services across the Norwegian Continental Shelf, including a major upgrade of the MV Island Captain well stimulation vessel, the companies said Thursday. SLB shares rose 3.6%, and Equinor added 3.5%.ConocoPhillips (COP) shares rose 1.6% after it reported higher Q2 adjusted earnings and revenue. The company also said Chief Financial Officer Andy O'Brien will succeed Ryan Lance as president and chief executive officer, effective Sept. 1.Suncor Energy (SU) said Thursday its Chief Executive Officer Rich Kruger will move to the executive vice chair role in April 2027. Executive Vice President Upstream Peter Zebedee will succeed Kruger following a board-led succession process, the company said. The company also said Zebedee will become CFO and president on Sept. 14, overseeing all non-operating functions before assuming the CEO role in 2027. Suncor shares were down 2.3%.

$BP$COP$EQNR$SLB$SU$WDS
Sectors

Sector Update: Energy Stocks Gain Thursday Afternoon

Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index rising 1.3% and the State Street Energy Select Sector SPDR ETF (XLE) up 1%.The Philadelphia Oil Service Sector Index was climbing up 3.5%, and the Dow Jones US Utilities Index was shedding 0.9%.In geopolitical news, Iran has made a concerted diplomatic push with Gulf states, warning them explicitly that Tehran will hit their oil, power and water plants unless they convince President Donald Trump to end US strikes on Iran, Reuters reported Thursday. Iran and Oman are close to finalizing a proposed framework for commercial shipping through the Strait of Hormuz, Tehran's deputy foreign minister said, according to a CNN report Thursday. However, the agreement would not automatically reopen the waterway, he warned, according to the news report. The deal would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday.Front-month West Texas Intermediate crude oil rose 3.5% to $77.83 a barrel, and the global benchmark Brent crude contract added 4.2% to $82.77 a barrel. Henry Hub natural gas futures fell 1.1% to $2.66 per 1 million BTU.In sector news, US natural gas stocks rose by 33 billion cubic feet in the week ended July 31, above the 30 billion increase expected in a survey compiled by Bloomberg and following an increase of 28 billion cubic feet in the previous week.In corporate news, BP (BP) has agreed to acquire Woodside Energy's (WDS) 70% stake in the Calypso gas project in Trinidad and Tobago. Following the close of the deal, BP will own 100% of the early-stage, deepwater natural gas project and will assume operatorship, it said. BP shares rose 2.2%, and Woodside added 2.9%.ConocoPhillips (COP) shares rose 0.9% after it reported higher Q2 adjusted earnings and revenue. The company also said Chief Financial Officer Andy O'Brien will succeed Ryan Lance as president and chief executive officer, effective Sept. 1.Canadian Natural Resources (CNQ) shares gained 1.5% after it posted higher Q2 adjusted earnings and revenue.

$BP$WDS
Sectors

Sector Update: Energy

Energy stocks were higher Thursday afternoon, with the NYSE Energy Sector Index rising 1.3% and the State Street Energy Select Sector SPDR ETF (XLE) up 1%.The Philadelphia Oil Service Sector Index was climbing 3.5%, and the Dow Jones US Utilities Index was shedding 0.9%.Front-month West Texas Intermediate crude oil rose 3.5% to $77.83 a barrel, and the global benchmark Brent crude contract added 4.2% to $82.77 a barrel. Henry Hub natural gas futures fell 1.1% to $2.66 per 1 million BTU.In corporate news, BP (BP) has agreed to acquire Woodside Energy's (WDS) 70% stake in the Calypso gas project in Trinidad and Tobago. Following the close of the deal, BP will own 100% of the early-stage, deepwater natural gas project and will assume operatorship, it said. BP shares rose 2.1%, and Woodside added 2.8%.

$BP$WDS
Commodities

BP Takes Full Ownership of Trinidad's Calypso Gas Project

BP (BP) agreed to acquire Woodside Energy's 70% interest in Block Trinidad and Tobago Deep Atlantic Area 14, increasing its ownership to 100% and assuming operatorship, the company said Thursday.Block TTDAA 14 contains the Calypso project, an early-stage deepwater natural gas development offshore Trinidad and Tobago.With extensive oil and gas infrastructure already in Trinidad and Tobago, BP is the country's largest supplier of natural gas to the domestic market and holds a 45% stake in the Atlantic LNG facility off the southwest coast, the company said."By building on the strengths of our existing operations and infrastructure, we have the potential to unlock new production and support long-term growth in the region," said Gordon Birrell, BP executive vice president, upstream.The companies expect to complete the transaction by the end of 2026, subject to approvals from the Trinidad and Tobago government and regulators.Price: $42.08, Change: $+0.87, Percent Change: +2.11%

$BP
Equities

BP to Acquire Woodside's 70% Stake in Trinidad Gas Project

BP (BP) has agreed to acquire Woodside Energy's (WDS) 70% stake in the Calypso gas project in Trinidad and Tobago, it said Thursday.Following the close of the transaction, which is expected by the end of the year, BP will own 100% of the early-stage, deepwater natural gas project and will assume operatorship, it said."The transaction demonstrates Woodside's clear focus on progressing the right opportunities across our global portfolio that have the best potential to deliver sustained value for Woodside shareholders," Woodside Chief Executive Liz Westcott said in a separate statement.Price: $41.53, Change: $+0.33, Percent Change: +0.80%

$BP$WDS

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