BP rolls out the barrels
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BP, the worldâs second-biggest oil company, said production over the third quarter would be about 3.88 million barrels a day. That was an 11 per cent rise on the same period the year before and was helped
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After recent mishaps involving its energy facilities, BP PLC's (BP) latest accident may add fuel to the uproar from regulators, politicians, and environmentalists who are questioning the company's business and safety practices. But investors appear to be unfazed.  BP said late Tuesday Sept.
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Oil companies trying to overcome storm damage in the Gulf of Mexico have put 200,000 more barrels of daily production back on line in the past week, a federal agency reported Monday.
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Energy giant BP has announced the sale of its refinery in Coryton, Essex, to Swiss petroleum company Petroplus for 700 million pounds.
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High oil and gas prices and bigger profit margins in refining helped the British energy giant BP PLC nearly double its third-quarter earnings, the company said Tuesday.
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Oil major BP&#39;s BP.L oil and gas production has risen 11 percent in the third quarter from a year earlier, with sharply rising Russian output counteracting falls elsewhere, as oil prices soared to new highs.
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THE Organisation of Petroleum Exporting Countries (OPEC) is hiking its official output by one million barrels per day effective November with Nigeria getting 82,000 barrels per day or 8.2 per cent of the new quota.
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Oil prices rose to near $63 a barrel   on Friday, after BP Plc shut in output at an oil field in   Alaska and OPEC members Nigeria and Venezuela pledged to cut   production.
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BP Plc, the world's second largest oil  company, reported bumper third-quarter profits on Tuesday on  the back of high oil prices and stronger than expected refining  and chemicals margins.
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High oil and gas prices and bigger profit margins in refining helped BP PLC drive up third-quarter earnings by 53 percent, the company said Tuesday.
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LONDON (CBS.MW) - British oil major BP Monday said third quarter production rose 11 percent on the year-ago quarter to 3.88 million barrels of oil equivalent a day, missing some analyst expectations for a rise of as much as 14 percent.
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BP America, the US arm of British energy giant BP, is to spend more than 550 million dollars (432 million euros) over the next two years on improvements to its Alaskan oil fields, including pipeline repairs, the group has said in a statement.
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BP said it had agreed to buy Chevronâs manufacturing company in the Netherlands, Texaco Raffinaderij Pernis, for about $900 million, excluding working capital and hydrocarbon inventory. BP will acquire Chevronâs 31 percent minority shareholding in the Netherlands Refining Company as well as Chevronâs stake in the jointly owned wind farm located at the refinery; shareholdings in the nearby crude oil terminal and storage facility; and a number of associated pipelines. The deal, which is expected to be completed during the first half of the year, would make the refinery a 100 percent BP- owned asset.
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Oil firm BP sells its stake in a Siberian gas field development to Russian state-controlled firm Gazprom.
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LONDON  - BP PLC reported an 11 per cent increase in production for the third quarter Monday, which may help its profit results over the same period.
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BP Plc  said on Tuesday it was working toward settling outstanding safety and health violations at two of its Midwestern refineries.
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Delays to the restart of a crude unit at BP Plc's  Texas City, Texas, refinery will cause the major to miss its goal of raising crude oil processing rates at the refinery to 400,000 barrels per day by the end of 2007, a source familiar with refinery operations said Monday.