BP’s

BP Profits Helped By Higher Oil Prices

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The recent increase in oil prices has helped BP to record a healthy profit for the three months to March. The $1.4bn (£1.1bn) profit, on the replacement cost measure, compared with a $485m loss a year earlier. Oil prices have been about 35% higher in the first three months of 2017 compared with a year … Read more

BP Sells Forties North Sea Pipeline To Ineos

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Energy giant Ineos has struck a deal to acquire the Forties Pipeline System in the North Sea from BP for US$250m (£199m). The pipeline transports about 450,000 barrels of oil per day on average – about 40% of UK production. It is one of the oldest in the sector, having started operating in the Forties … Read more