Here are this week’s news briefs for BP plc (NYSE:BP). BP plc (NYSE:BP) shares ended the week at 45.8 (as of 2/11/2011).
Weekly News Roundup: BP plc (NYSE:BP)
Tuesday 8 February
BP plc (NYSE:BP)’s Russian joint venture has postponed the sale of Kovykta field.
An administrator of the sale has reported that the auction of the Siberian Kovykta gas condensate field, a huge field mainly owned by TNK-BP Ltd., BP plc (NYSE:BP)’s Russian joint venture, has been postponed.
As per reports, auction has been postponed by two weeks, now slated for March 1.
The Kovykta field, one of the biggest undeveloped gas fields in the world, has been under serious consideration by Russian state-owned companies since 2007.
Wednesday 9 February
BP plc (NYSE:BP) has planned more lay offs as gulf coast oil cleanup work winds down.
The company has said in an official statement that it is planning to lay off more workers as the cleanup work lessens.
The workers were contracted through CrowderGulf, the Mobile-based, debris-removal company.
BP plc (NYSE:BP) has also reported that most of the equipment should also be out of sight from unincorporated areas of Baldwin County by the end of this month.
We’ll be keeping a close eye on the BP plc stock price for changes over the next couple of weeks.