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Stock Market & Financial Investment News

News Breaks
June 27, 2014
06:20 EDTBPBP, Rosneft sign $1.5B oil deal
Rosneft and BP Oil International Limited signed a set of agreements designed to organize long-term deliveries of oil products and oil on a pre-paid basis. The terms of transaction provide for export deliveries of oil products with possible substitution with oil of up to 12 million tons within 5 years in bulk on a pre-paid basis in an amount of not less than $1.5B. A number of world's leading financial institutions participated in the organization of advanced payment. The price will be calculated by the formula similar to the one used by the company when selling oil and oil products under regular annual tenders. Contractual deliveries may start as early as July. Period of validity of agreements meets interests of Rosneft in conclusion of long-term transactions with heavy consumers, and allows to effectively carry out long-term planning of the deliveries. Commenting on the signing of the document President, Chairman of the Management Board Igor Sechin said: "Rosneft extends and strengthens its mutually beneficial cooperation with BP. This transaction opens up new opportunities for both companies: it provides BP with stable supply chain and guaranteed quality of oil products and allows Rosneft to support high profitability of its sales activities and acquire additional financial resources in accordance with the referential nature of such deals."
News For BP From The Last 14 Days
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May 22, 2015
09:57 EDTBPOn The Fly: Analyst Upgrade Summary
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07:00 EDTBPBP upgraded to Neutral on reduced Russia risk at JPMorgan
JPMorgan upgraded BP (BP) to Neutral citing less risk in Russia and a pathway to cash flow neutrality in 2017. JPMorgan this morning also upgraded Total (TOT) to Overweight and Eni SpA (E) to Neutral.
05:32 EDTBPBP upgraded to Neutral from Underweight at JPMorgan
May 21, 2015
07:25 EDTBPUBS to hold a conference
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May 20, 2015
17:04 EDTBPBP to pay Transocean $125M in compensation for legal fees
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17:03 EDTBPTransocean reaches settlement agreements with BP, PSC
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15:01 EDTBPHalliburton reaches agreement with BP to resolve remaining issues
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May 18, 2015
10:01 EDTBPOn The Fly: Analyst Downgrade Summary
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08:12 EDTBPBP downgraded to Sell from Neutral at Goldman
Goldman downgraded BP to Sell based on limited upstream growth, a slowdown in asset disposals, and ongoing overhang from Macondo.
May 15, 2015
06:44 EDTBPEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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May 12, 2015
05:38 EDTBPTechnip awarded lump sum project by BP Exploration & Production
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May 11, 2015
13:28 EDTBPOPEC sees oil at around $76 a barrel in 2025, WSJ says
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May 8, 2015
18:09 EDTBPCourt says BP can appeal some Gulf spill damages claims, Reuters reports
A U.S. federal appeals court said BP should be allowed to appeal some damage claims awarded to those in connection with the 2010 Gulf of Mexico oil spill, Reuters reports. The decision by the 5th U.S. Circuit Court of Appeals in New Orleans may help BP limit its payout to victims of the Deepwater Horizon drilling rig explosion, Reuters added. Reference Link

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