Bp Share Discussion Threads

[fhmktg] 09/3/2018 07:24

Thanks Qantas.This provides some comfort for those North Sea companies who bought assets from the majors in order to squeeze the reservoirs......and for the U K exchequer!

[qantas] 09/3/2018 07:16

Please do your own research...

[waldron] 08/3/2018 16:45

Senate summons British company, BP Oil over $3.3 billion questionable oil deal

Published

on March 8, 2018

By Samson Atekojo Usman

Senate Committee on Local Content has summoned a British firm, BP Oil International Limited over a $3.3 billion pre-financing crude oil deal that may have breached the Nigerian Oil and Gas Content Development Act 2010.

Chairman of the Committee, Senator Solomon Adeola, said, the summon was necessary in view of complaints against the oil giant by a Nigerian firm, Alsaa Gas and Shipping Nigeria Limited, which insisted that a $3.3 billion pre-financing of crude oil contract was an infraction of Nigeria’s Local Content Act, 2010.

“The Nigerian company has provided technical and local industry knowledge support for BP Oil International Limited in the contract process with an agreement for a $0.10 per barrel of crude oil of the deal and was unilaterally revoked by the British firm,’ he said.

The chairman further pointed out that: “part of its oversight responsibilities and functions includes to ensure that local companies are not undermined in their dealings with big foreign entities as well as ensuring compliance for NOGICD Act.”

The British Company whose letter of summon was routed through the Ministry of Foreign Affairs is expected to appear on March 28,2018.

They are expected to appear with, “all emails, documents, agreements (signed and unsigned) between NNPC and AGSN relating to the contract” as well as all “ transactional negotiation documents and offers, term sheets and any legal documents to do with dealings with NNPC in this pre-financing opportunity including all correspondences from GED Finance, Group Managing Director and Standard Chartered Bank”.

Adeola said, failure of the British firm to appear before the committee may lead to invoking parliamentary powers under the 1999 Constitution of the Federal Republic of Nigeria, adding that it was regrettable that some of the infractions against the spirit and letters of the Local Content Act were being perpetrated with active collaboration of some Nigerians.

[the grumpy old men] 08/3/2018 11:54

Posted by: Amilia Stone 8th March 2018

BP plc using EPIC/TICKER code (LON:BP) had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; this morning by analysts at JP Morgan Cazenove. BP plc are listed in the Oil & Gas sector within UK Main Market. JP Morgan Cazenove have set their target price at 560 GBX on its stock

[ariane] 03/3/2018 19:20

BASF, Dow Chemical, BP, Valero, Phillips 66, Shell, Univar, Albermarle Set to Share Their OpEx Journeys at IQPC's Conference on Operational Excellence in Refining & Petrochemicals

News provided by
IQPC

Mar 02, 2018, 10:26 ET

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HOUSTON, March 2, 2018 /PRNewswire/ --

Over 150 operations leaders from BASF, Dow Chemical, BP, Valero, Phillips 66, Shell, Univar, Albermarle and more are coming together this April 9-11 at the 2018 Operational Excellence in Refining & Petrochemicals Summit (Houston) to give an inside look at their operations.

Key speakers confirmed for this April include:

Michiel Van Noort, Global Head of Continuous Improvement, Downstream, Royal Dutch Shell
Hugo Ashkar, Global Risk Manager, BP
John Quigley, Director of Operational Reliability, Valero
Jim Wetherbee, Astronaut and Author, Controlling Risk: 30 Techniques for Operating Excellence
Patrick Wallior, Senior Director, Health & Safety, Univar
Manny Ehrlich, Board Member, U.S. Chemical Safety and Hazard Investigation Board
Nev Lockwood, Global Operational Excellence Director, Albemarle
Matt DiGeronimo, Vice President, Operations, Veolia

2017 attendee Change Management Leader at Duke Energy said: "I truly enjoyed attending the OpEx conference. Not only benchmarking opportunities, but networking and being able to continue to share best practices going forth."

With roundtables, panels, case studies and workshops on Human Factors, Process Safety, Asset Risk Management, Leadership & Culture, Procedure Management, Root Cause Analysis, Leadership and Behaviour, Management of Change and more, this event offers a unique opportunity to downstream professionals to learn from US and international industry experts who have successfully executed on strategy and delivered substantial improvements in operational performance.

Leslie Allen, Portfolio Director for the Operational Excellence event series comments: "With increasing volatility, competition, regulation and risk, there has never been a more critical time for refining and petrochemical companies to be focused on operational excellence. And that's why over 150 operations leaders are taking three days out of the office this April to attend the 2018 Operational Excellence in Refining & Petrochemicals Summit".

To find out more about North America's leading forum on Operational Excellence in Refining & Petrochemicals, download the 2018 agenda at

Tickets and full event program are available online at

SOURCE IQPC

[ariane] 03/3/2018 17:13

A rapidly shifting energy landscape being reshaped by new technologies and a revival of U.S. fossil-fuel production will dominate the agenda as the world's leading energy executives, government ministers and financiers gather in Houston next week.

Thousands of energy leaders, including the heads of Royal Dutch Shell PLC, BP PLC and Saudi Arabian Oil Co., will descend on Texas starting Monday for CERAWeek, the annual conference put on by IHS Markit Ltd. that has become a bellwether for the health of the global energy industry.

They will be joined by many of the world's top energy policy makers, notably OPEC Secretary General Mohammad Barkindo and several Trump administration officials, Energy Secretary Rick Perry and Interior Secretary Ryan Zinke.

Leaders of many other energy-related industries are also set to speak, including the chief executives of General Motors Co. and Siemens AG.

This year's gathering takes place amid a continuing recovery for oil prices, which passed $70 a barrel earlier this year for the first time since 2014, and have been over $60 for most of the year.

But concerns linger about whether the oil market is truly overcoming a glut as U.S. production continues to surge, thanks to shale drilling. For the second year running, Mr. Barkindo and U.S. shale producers are set to meet privately for dinner as they seek to learn about one another.

"The exporters, OPEC and non-OPEC, are trying to understand how this different kind of U.S. oil industry works," said Daniel Yergin, vice chairman of energy research at IHS Markit. "They're there to learn, because it's changed the nature of the oil market."

If the U.S. surges past Saudi Arabia to become the world's second-biggest oil producer behind Russia, as some forecasters predict, it could signal a fundamental change in a global pecking order that has been a basis for international energy policy for decades.

"The role of the U.S. in global energy markets has changed more dramatically than the public realizes," said Mr. Yergin, who serves as the event's master of ceremonies, co-hosting dozens of sessions on oil, natural gas, electric power and geopolitics. "It's a new form of influence for the United States in the world."

The conference will be packed with ministers from large oil and gas producers, including Norway, Kuwait, Nigeria, Canada, Mexico and the United Arab Emirates, as well as executives from Gazprom, Russia's largest gas company, and Saudi Aramco, which is in the middle of planning for an initial public offering.

A likely topic of discussion: whether top U.S. shale companies will abide by investor demands that they instill capital discipline and emphasize returns, or succumb to the allure of even more drilling at current prices. The heads of many top U.S. producers are set to speak, including Occidental Petroleum Corp., XTO Energy Inc., Pioneer Natural Resources Co. and ConocoPhillips.

Another major topic: how huge reserves of U.S. natural gas are also upending energy markets. The U.S. became a net exporter of natural gas in 2017, according to the U.S. Energy Information Administration, a trend fueled by exports to South America and Asia. Top executives from the companies at the heart of the gas export boom -- Cheniere Energy Inc., Freeport LNG Development LP, Tellurian Inc. and Venture Global LNG -- will discuss their plans.

A host of electric-power executives are set to speak as the utility industry experiences rapid changes, with coal and nuclear generation losing ground to gas, solar and wind. They include the heads of Duke Energy Corp., PG&E Corp., Exelon Corp. and Edison International.

The conference will also examine longer-term questions looming over the industry, including how digital technologies are fast changing the way companies produce oil and gas, and the differing outlooks for when electric vehicles and renewable energy will start to take a serious bite out of demand for oil and gas.

--Bradley Olson contributed to this article.

Write to Christopher M. Matthews at [e-mail]



(END) Dow Jones Newswires

March 02, 2018 21:06 ET (02:06 GMT)

[hellscream] 02/3/2018 18:41

depends if the country can invest and grow again, stuck in an deflationary spiral atm. government has not done one thing to encourage investment. (dividend tax, pension release) all take's money out the market, to pay for what? you guess.

[veryniceperson] 02/3/2018 16:57

Use it as an opportunity and buy. Won't last for ever. Imho.

[optomistic] 02/3/2018 16:03

bracke , "market volatility" I wouldn't bet against that!

[bracke] 02/3/2018 15:59

optomistic

OK but don't bet the mortgage on it.

BTW I guarantee market volatility this year.

[brwo349] 02/3/2018 15:56

this is turning into a bloodbath

[optomistic] 02/3/2018 15:55

bracke, quietly confident...how can anyone guarantee anything in this business.

[alphorn] 02/3/2018 15:53

Saw Penycae on UU.

Penycae
2 Mar '18 - 11:46 - 5489 of 5490
0 0 0
Morning all!
Only share of mine in profit on my sb account is PFC. Turning into a long term holder.

[bracke] 02/3/2018 15:49

optomistic

Do you guarantee that?

[tradejunkie2] 02/3/2018 15:47

445p

come to me

[bracke] 02/3/2018 15:14

optomistic

"he has been barred from the internet until they are up to 520 :-/"
=======================================================================

I hope not. He may never post again!

[hellscream] 02/3/2018 15:05

austerity for shareholders continues I see.

[optomistic] 02/3/2018 14:10

LOL...there is always the other possibility. Mrs Penycae is holding BP paper, perhaps he has been barred from the internet until they are up to 520 :-/

[bracke] 02/3/2018 14:04

He's probably suffering from a surfeit of leeks.

[optomistic] 02/3/2018 13:55

Maybe he and his pooch are lost in the hills :-(

[ladywormer] 02/3/2018 13:51

Does anyone know where Penycae is lurking. I miss his posts. We didn't even get a St David's day greeting.

[w1ndjammer] 02/3/2018 10:31

i already own a nice wedge of these but if we go down to support
at 440 i might move half of my Centrica across. I like getting the quarterly divi

WJ.

[optomistic] 02/3/2018 10:03

At today's price BP yielding approx 7% ...should be getting some support from that.

[optomistic] 02/3/2018 08:56

Down again, I would have thought that as BP is a gas producer the share price would be firm to strong right now! a bit like Centrica...selling gas and the share price atays where it is. All takes a bit of working out.