BP dissapointed private investors as the share price slid even though a
Massive 136 percent jump in profits were recorded for the last quarter.
This was already expected and comments from Lord Browne saying falls in oil expected have brought also helped the stock down.
He says can stand oil price even below $16 pb
The hostage situation in Nigeria getting bad maybe BP putting on some weight today?
Locals want enviroment cleaned up and profits shared.
Any chance?

Thanks, Skinny. The first one on page 3 must have made it
to the top shelves!!!
Haven't seen mine yet. It was made out like cinema poster.
Now starring...
Will keep looking. Thanks again.

Plaintiffs, BP urge judge to approve $7.8 billion spill settlement

NEW ORLEANS | Fri Nov 9, 2012 3:27am GMT
(Reuters) - BP Plc and lawyers representing over 100,000 individuals and businesses claiming economic and medical damages from the 2010 Gulf of Mexico oil spill on Thursday urged a U.S. judge to approve a proposed $7.8 billion (4.9 billion pounds) class-action settlement.

U.S. District Judge Carl Barbier initially approved the deal in May, but called the "fairness hearing" to weigh objections from about 13,000 claimants challenging the settlement to resolve some of BP's liability for the worst offshore oil spill in U.S. history.

BP still faces civil and potential criminal liability charges brought by the U.S. government and U.S. states.

Barbier did not issue a final ruling at Thursday's hearing in a New Orleans court, but he appears poised to grant final approval to the deal in the coming days, legal experts said.

TNK-BP to secure $31 billion long-term Russian gas deals

MOSCOW | Mon Nov 12, 2012 1:41pm GMT

(Reuters) - Two Russian energy companies controlled by billionaire Viktor Vekselberg's KES are close to signing long-term gas purchasing deals worth up to $31 billion with crude producer TNK-BP.

The deals will further undermine the position of Gazprom, Russia's top gas producer, in the domestic market. Gazprom has been losing share to rivals such as Rosneft, which is buying TNK-BP for $55 billion.

The boards of power companies, TGK-7 and TGK-9, controlled by KES Holding, recommended their shareholders approve the deals to buy gas from TNK-BP.

Re: proposed resolution of US claims

Statement about proposed resolutions of US federal government criminal and SEC claims against BP in connection with
the Deepwater Horizon incident

BP confirms that it is in advanced discussions with the United States Department of Justice (DoJ) and the Securities & Exchange Commission (SEC) regarding proposed resolutions of all US federal government criminal and SEC claims against BP in connection with the Deepwater Horizon incident. No final agreements have yet been reached and any resolutions, if agreed, would be subject to federal court approvals in the United States.

The proposed resolutions are not expected to cover federal civil claims, including Clean Water Act claims, federal and state Natural Resource Damages claims; private civil claims in MDL 2179 that were not covered by the PSC settlement, private securities claims pending in MDL 2185 or state economic loss claims.

A further announcement will be made if and when final agreements are reached. Until final agreements are reached, there can be no certainty any such resolutions will be entered into.

And then :-

BP to pay record fine, admit criminal misconduct in 2010 spill - sources

HOUSTON/WASHINGTON | Thu Nov 15, 2012 7:24am GMT

(Reuters) - BP Plc is expected to pay a record criminal penalty and plead guilty to criminal misconduct in the 2010 Deepwater Horizon disaster through a plea agreement it has reached with the U.S. Department of Justice that may be announced as soon as Thursday, according to sources familiar with discussions.

Three sources, who spoke to Reuters on condition of anonymity, said BP would plead guilty in exchange for a waiver of future prosecution on the charges.

One of the sources did not disclose the amount of BP's payment, but said it would be the largest criminal penalty in U.S. history. That record is now held by Pfizer Inc, which paid a $1.3 billion criminal fine in 2009 for marketing fraud related to its Bextra pain medicine.

US Govt Settlement

· Resolution of all criminal claims with Department of Justice includes $4 billion
paid in installments over a period of five years

· Resolution of all securities claims with Securities and Exchange Commission includes $525 million paid in installments over a period of three years

· Existing $38.1 billion charge against income to increase by approximately $3.85 billion

· BP is prepared to vigorously defend itself against remaining civil claims

Looking for a bounce as this should put a sort of dotted line under their exposure.

I hope so Harry - I added on news of the announcement yesterday.

UBS has retained its BUY and TP @500p

Credit Suisse retains it's Outperform TP 490p

i haven't really followed this latest bit in depth, but it does seem to me that BP have still not got to the bottom of the pit - i.e. there are plenty more massive claims to be lodged

BP doubles gas estimate at Savonette field in Trinidad and Tobago

PORT OF SPAIN | Mon Nov 19, 2012 9:45pm GMT

(Reuters) - BP Trinidad and Tobago (BPTT) has discovered an estimated 1 trillion cubic feet (tcf) of gas in its Savonette field off the east coast of the Caribbean country, doubling the estimated gas in the offshore gas field, the company announced on Monday.

Based on the success of the Savonette 4 well, BPTT, the largest hydrocarbons producer in Trinidad and Tobago, may drill two more development wells in the Savonette reservoirs, a company official said.

"This is exciting news for both BPTT and the industry since this represents the largest discovery for BPTT since 2005," said BPTT's President Norman Christie.

Good news combined with share buy back at such low prices should help recovery.. IMO

BP TO SELL PACKAGE OF CENTRAL NORTH SEA
ASSETS TO TAQA FOR $1.1 BILLION

BP announced today that it has agreed to sell its interests in a number of central North Sea oil and gas fields to TAQA for $1.058 billion plus future payments which, dependent on oil price and production, BP currently expects will exceed $250 million. The assets included in the sale are BP's interests in the BP-operated Maclure, Harding and Devenick fields and non-operated interests in the Brae complex of fields and the Braemar field.

The sale is subject to third party and regulatory approvals and the companies currently expect the sale to complete in 2Q 2013.

BP Temporarily Suspended From New Contracts With U.S.

BP Plc (BP/), which pleaded guilty to criminal charges after the worst U.S. oil spill in 2010, will be temporarily suspended from winning new contracts from the federal government, the U.S. Environmental Protection Agency said in a statement today.

The EPA said the ban was imposed because the company’s conduct during the Deepwater Horizon disaster showed a lack of integrity. The action, which doesn’t affect existing contracts, will stand until BP can demonstrate it meets business standards set by the government, the EPA said.

Surprised to see BP hesitating to join the crowd.

BP completes sale of Gulf of Mexico assets to PXP

HOUSTON - BP has completed its sale of a number of oil and gas fields in the deepwater US Gulf of Mexico to Plains Exploration & Production Company ('PXP').

As announced on 10 September, BP agreed to sell the fields to PXP for $5.55 billion in cash subject to customary post-closing adjustments, with an effective date of October 1, 2012. The deal, which included BP's interests in three BP-operated assets and in two non-operated assets, was among the biggest transactions in the US Gulf of Mexico.

That’s enough, says BP chief, and cuts give way to spending

Published at 12:01AM, December 4 2012
Bob Dudley has called a halt to the sell-offs that have cut BP down in size in the wake of the Gulf of Mexico oil spill and outlined a “simpler”, less risky future for the company.

The oil major is already close to meeting its target of raising $38 billion from asset sales by the end of 2013 as part of its “shrink to grow” strategy imposed after the disaster.

For fellow sufferers holders - Q3 2012 Payments of Dividend in Sterling

5.5890 pence per share.

Does that relate to the ex-divi from 5th Nov?

If you mean the 7th, then yes - it's in the link :-)