Advertisement
UK markets closed

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • CRUDE OIL

    83.40
    +1.50 (+1.83%)
     

  • GOLD FUTURES

    2,335.70
    -10.70 (-0.46%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,350.68
    -84.91 (-0.16%)
     

  • CMC Crypto 200

    1,426.91
    +12.15 (+0.86%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

BP acquires Repsol's stake in Tangguh LNG project

Reuters - UK Focus

LONDON, Dec 5 (Reuters) - British oil company BP has acquired Spanish group Repsol's 3.06 percent stake in the Tangguh liquefied natural gas (LNG) project in Indonesia for $313 million dollars, a BP spokesman said on Monday.

The purchase lifts operator BP's stake in the plant to a little more than 40 percent. The Tangguh plant processes 7.6 million tonnes of LNG a year.

In June BP gave the go-ahead for the $8 billion expansion of Tangguh's third LNG train, one of only a handful of major investment decisions in the sector this year as companies trim spending in response to a protracted slump in oil prices.

Repsol, which announced the deal on Friday evening, said the transaction will generate $26 million in pre-tax capital gains.

(Reporting by Ron Bousso; Editing by David Goodman)