The approval follows sanctions for the development of ‘R-Series’ deep-water gas field in June 2017 and for the satellites cluster in April 2018. “As partners we are delighted to also win the new KG-UDW1 block, which is located adjacent to our existing KG-D6 block and within a reasonable time and distance of the existing infrastructure, it therefore provides additional resources to extend the production profile for the KG-D6 facilities,” Looney said. BP exploration and RIL had also won an ultra deep-water offshore block in the KG basin under the latest Open Acreage Licensing Programme. According to BP’s 2018 annual report the company has participating interest in two oil and gas blocks (KG-D6 30 per cent and NEC25 33.33 per cent) both operated by RIL.
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LON100:BP, Jul 17, 07:19 UTC
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Date: 17 Jul 19 Time: 16:45
Friday, July 12
Date: 12 Jul 19 Time: 18:48
Why Arco Platform Stock Gained 97.9% in the First Half of 2019
Shares of Arco Platform(NASDAQ:ARCE) gained 97.9% across the first six months of 2019, according to data from S&P Global Market Intelligence. After falling roughly 6% across 2018, the Brazilian education-services stock has rallied this year thanks in part to strong earnings results and momentum for the broader market. Arco stock gained ground early in the year as the market recovered from steep sell-offs at the end of 2018 and then got a big pricing boost in March due to fourth-quarter earnings results that saw adjusted net income triple compared to the prior-year period and arrived with encouraging guidance. Arco Platform published a press release on May 7 detailing its plans to acquire Sistema Positivo de Ensino in an all-cash deal for 1.65 billion Brazilian reals, with half of the payment made at the time of closing and the other half spread out across a five-year period starting in 2021.
Date: 12 Jul 19 Time: 08:01
UPDATE 1-Aker BP makes oil discovery off Norway
Aker-BP is the result of a merger of BP's Norwegian oil assets and the Det norske oil firm controlled by billionaire Kjell-Inge Roekke. The company said on Thursday it had made an oil discovery with partner LOTOS of Poland estimated to hold between 80 million and 200 million barrels of recoverable oil equivalent (boe), in an area with several oil and gas discoveries, nicknamed NOAKA. Up to 700 million boe are in place overall at the discovery, called Liataarnet, but Aker BP needs to do more work to find out how much it can extract, the company said. "This is a clear message to partner Equinor in terms of development solutions for NOAKA. We believe the Liataarnet discovery will improve Aker BP's negotiation position vs. Equinor," Sparebank 1 Markets said in a note to clients.
Thursday, July 11
Date: 11 Jul 19 Time: 12:51
Warship Escorting BP's Oil Tanker Is U.K.'s Only One in Area
(Bloomberg) -- The HMS Montrose, the naval vessel that protected a BP Plc oil tanker as it passed through the Strait of Hormuz, is the U.K.’s only warship in the area, according to Britain’s Ministry of Defence. The oil carrier didn’t load a planned cargo of Iraqi crude and instead left the region empty, according to a person familiar with the matter. BP was concerned it could be a target for Iran after British Royal Marines helped to seize a tanker transporting the Persian Gulf country’s crude in the Mediterranean Sea. A: HMS Montrose was in the area providing a maritime security role.
Date: 11 Jul 19 Time: 06:39
U.K. Navy Thwarts Iranian Attempt to Block BP Tanker
The U.S. and U.K. have accused Iran’s Islamic Revolutionary Guard Corps of mounting assaults on vessels carrying oil through the Strait of Hormuz in recent months. However, Wednesday’s incident marks the first time since tensions flared earlier this year between the U.S. and Iran that a Western warship has come close to military engagement with Iranian naval forces. “If the enemies would had done the smallest calculation, they would not have taken such action,” he said, but didn’t comment on the U.K.’s allegations that Iranian vessels tried to block the British Heritage’s passage through the Persian Gulf a day earlier. Iranian officials have threatened to seize a British ship in the Persian Gulf after U.K. forces last week commandeered an Iranian ship off the coast of Gibraltar. The British Heritage had been on its way to pick up a cargo of oil from Basra port in southern Iraq when it changed course earlier this week, without loading, over fears it would be seized by Iranian forces following Tehran’s threats.
Wednesday, July 10
Date: 10 Jul 19 Time: 16:05
Arcos Dorados Holdings Inc. (NYSE: ARCO) Second Quarter 2019 Conference Call
Scheduled for: Wednesday, August 7, 2019 10:00 a.m. New York / 11:00 a.m. Buenos Aires. You are invited to participate on a conference call with the senior management of Arcos Dorados (ARCO), to discuss the Company's results for the second quarter ended June 30, 2019, which will be reported before the market opens on Wednesday, August 7, 2019. Please use the following link to pre-register for this conference call. Callers who pre-register will be given a unique PIN to gain immediate access to the call and bypass the live operator.
Date: 10 Jul 19 Time: 13:35
Bunge Is in Talks With BP to Join Brazil Sugar-Ethanol Assets
No final agreement has been reached and the talks could fail to produce a deal. Joining forces with Bunge, the ‘B’ in the quartet of storied ABCD traders of agricultural commodities, would triple BP’s sugar-cane crushing capacity in Brazil, where ethanol is either blended into gasoline or used solely to power flexible-fuel cars. Forming a venture would allow U.S.-based Bunge to separate a struggling business in a tie-up similar to when Royal Dutch Shell Plc and Brazilian sugar and ethanol producer Cosan Ltd. created Raizen in 2010. Bunge, which sold its sugar trading business to Singapore-based trader Wilmar International, had been exploring options for its Brazilian milling business. BP started producing ethanol in Brazil in 2008 and its three mills currently have capacity to crush 10 million metric tons of cane a year.
Tuesday, July 09
Date: 09 Jul 19 Time: 00:04
BP evacuates staff, shuts in production at four U.S. Gulf of Mexico platforms
BP evacuates staff, shuts in production at four U.S. Gulf of Mexico platforms. HOUSTON, July 9 (Reuters) - BP Plc on Tuesday began to evacuate and shut in production at four offshore U.S. Gulf of Mexico production platforms as a developing weather disturbance moves across the Gulf of Mexico, a company spokesman said. The four platforms - Thunder Horse, Atlantis, Mad Dog and Na Kika - produce more than 300,000 barrels of oil equivalent per day, according to the company. (Reporting by Collin Eaton; Editing by Sandra Maler). What to read next.
Date: 09 Jul 19 Time: 13:03
See what the IHS Markit Score report has to say about Arcos Dorados Holdings Inc.
See what the IHS Markit Score report has to say about Arcos Dorados Holdings Inc. MarkitJuly 9, 2019, 12:03 PM UTC. Short interest is extremely low for ARCO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ARCO. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
Key Stats & Ratios
|Quaterly Earnings Growth||18.80%|
|Quaterly Revenue Growth||-2.80%|
|Revenue per share||14.74|
|Earnings||30 Jul 07:00|
|Earnings||30 Jul 07:00|