BP PLC Add to portfolio

British Petroleum (BP) has joined forces with Tesla to build the oil company’s first battery storage project at one of its U.S. wind farms. The Powerpack being installed is a small one and will be an opportunity to improve battery storage technologies for future use at BP’s other wind and solar farms. On Monday, in a press release titled “Advancing the Energy Transition” BP announced that the company plans to achieve a zero percent increase in its carbon footprint over the next seven years by lessening the emissions of oil and gas rigs. BP has promised not to increase their carbon footprint, while Shell plans to decrease theirs by half.

Read Full Details

Please use the following link to pre-register for this conference call. You may pre-register at any time, including up to and after the call start time. View source version on businesswire. To listen to a live broadcast of the call over the Internet or to review the archived call, please visit https://services.

Read Full Details

* AKERBP: FIRST QUARTER 2018 PRODUCTION. BRIEF-Aker BP's Q1 output rose to 158,600 boe/day. Download the app to read more Reuters News. * PRODUCED 158.6 THOUSAND BARRELS OF OIL EQUIVALENTS PER DAY IN Q1 2018 VERSUS 135.6 THOUSAND BOED IN Q4. * AKER BP'S INTEREST IN THE VALHALL AND HOD FIELDS INCREASED TO 90% FROM FIRST QUARTER 2018 Source text for Eikon: Further company coverage: (Reporting By Terje Solsvik).

Read Full Details

See what the IHS Markit Score report has to say about Arcos Dorados Holdings Inc. MarkitApril 17, 2018. Arcos Dorados Holdings Inc. NYSE:ARCO. Short interest is extremely low for ARCO with fewer than 1% of shares on loan. According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. Please send all inquiries related to the report to score@ihsmarkit.

Read Full Details

Prosecutors say 28-year-old George Koutsostamatis of Chicago pleaded guilty to wire fraud in a case involving emails he sent from an outside account. HOUSTON (AP) -- A refining supply economist with BP America Inc. faces up to 20 years in prison over a failed online extortion scheme against the Houston-based energy company. Investigators say Koutsostamatis falsely claimed to have personal information of BP workers and threatened to release the data, plus threatened to provide internal company details to competitors. BP America didn't immediately return messages Monday.

Read Full Details

But CFO Brian Gilvary noted that most of these new projects will have much lower break-even costs and should allow the company to do some other things with its cash to enhance shareholder returns:. We're on track with our plans for 800,000 barrels of new major project production by 2020. And we've also strengthened our portfolio, creating growth for the future. This quarter was no different, as BP had to take a significant charge related to its settlement. And we now expect Gulf of Mexico oil spill payments to be just over $3 billion in 2018. Around $1.2 billion has already been paid out in the first quarter for the scheduled criminal settlement payment, which now concludes the payments around the original criminal settlement.

Read Full Details

April 12 (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA said on Thursday it has signed a memorandum of understanding (MOU) with BP Plc "to complement and reaffirm" a letter of intent the companies signed in October regarding a strategic alliance in Brazil. Brazil's Petrobras reaffirms commitment to BP strategic alliance. Petrobras, as the company is commonly known, said the MOU affirmed the intention of the parties to "join forces" in areas such as oil exploration and production, oil trading, and other operations. Currently, the companies are partners in 16 exploration blocs in Brazil, Petrobras said.

Read Full Details

BP teams up with Tesla to venture into battery storage for windfarm. Tesla will supply the 212 kilowatt (KW)/840 kilowatt hour battery at BP's Titan 1 windfarm in South Dakota in the second half of this year. UL> has developed a 50 megawatt, grid-connected battery portfolio in Britain. " Several oil firms have already invested in battery technology.

Read Full Details