Bp Share Discussion Threads

[abbotslynn] 16/3/2018 22:41

Who is the phantom red ticker on nearly every message?
Idiots here as every where I spose

[waldron] 16/3/2018 17:51

BP
473.75 +1.98%



Shell A
2,213.5 +0.93%



Shell B
2,248.5 +1.26%



Total
47.78 +1.88%

SO THE WEEK ENDETH UP DESPITE OIL PRICE SENTIMENT DOWN SLIGHTLY

[waldron] 16/3/2018 09:12

BP
468.75 +0.90%



Shell A
2,204.5 +0.52%



Shell B
2,231.5 +0.50%


Total
47.085 +0.39%


WITCHING HOUR COMETH

[waldron] 16/3/2018 08:34

BP To Sell Oilfields In Egypt To Shift Focus To Natural Gas
By Zainab Calcuttawala - Mar 16, 2018, 3:00 AM CDT BP

British Petroleum has begun to sell off its mature oil fields in Egypt to shift its focus to developing the country’s large natural gas reserves, according to a new report by Bloomberg.

The Gulf of Suez assets have been available to purchase for a few months, it has now been disclosed, and British Petroleum is hoping to raise roughly $1 billion from a deal, sources close to the matter said.

BP has an overall goal to sell between $2 billion and $3 billion in assets this year, which is a less ambitious liquidation goal than last year when it sold $4.3 billion in properties, leases, and projects. The company has been on the road to recovery since the oil spill in the Gulf of Mexico in 2010.

Last year, British Petroleum CEO Bob Dudley said he saw 2017 as a recovery year after a period of crisis that devastated the company’s bottom line, according to a report by The Financial Times in December.

“This year has felt like a turning point,” says Dudley. “We’re never going to feel complacent. But it feels like we are now dealing with the same problems that everyone else has.”

BP brought a total of seven oil and gas production projects online in 2017, almost breaking the company’s record for maximum inaugurations in a year. The multinational oil major is also trying to increase the share of its gas production as part of its effort to become friendlier to the environment, while still producing fuels that will power civilization.

“There will be a need for oil well into the second half of the century,” Dudley says. “There are going to be 2bn more people in the world by 2035... Every kind of energy is going to be needed.”

By Zainab Calcuttawala for Oilprice.com

[garycook] 16/3/2018 07:35

Get out of the UK then,and move overseas.Like I did 9,and half years ago !

[hellscream] 16/3/2018 07:30

anyone who works is a mug
anyone who pays into a pension is a mug
anyone who saves is a mug
anyone who goes to further education is a mug

9/10 ppl leach of the state (david Cameron), bum with 3 kids receives per-tax wage of £36k.
good job wage slaves
all I see in my city are black Africans with an horde of ducklins behind'em , milking you the worker, and most important us the shareholder.

gutless country, I would spit on this flag.

[sarkasm] 15/3/2018 22:27

BP: Technology Could Lower Oil Production Costs By 30 Percent
By Tsvetana Paraskova - Mar 15, 2018, 5:00 PM CDT Tech

Better technology could reduce the average production costs of all oil and gas resource classes by around 30 percent per barrel of oil equivalent by 2050, oil and gas supermajor BP said in its Technology Outlook 2018 published on Thursday.

The resources with the greatest scope for cost reduction are the most capital intensive, such as deep and ultra-deep water, and those requiring large numbers of wells, such as shale, BP noted. Improved rig and platform design, plus subsea and flow-line development, could cut costs for deepwater resources, while in shale drilling and production, a standardized, repetitive manufacturing-style approach could reduce costs, BP reckons.

Despite the technological benefits, the industry will still need to invest some US$600 billion annually in upstream oil and gas in order to meet projected demand, BP warned.

The supermajor’s technology outlook also discussed the hottest themes and buzzwords in technology right now, such as supercomputing, data analytics, and artificial intelligence.

“We estimate that application of digital tools, including sensors, supercomputing, data analytics, automation and artificial intelligence (AI), all supported by the networked computers of the ‘cloud’, could reduce primary energy demand and costs in sectors of the energy system by 20-30 percent by 2050,” BP said.

Another hot topic for the oil industry and the peak oil demand narrative is the pace of the electric vehicles (EVs) adoption in the world, and BP weighed in on that issue as well.

“In our analysis, the costs of buying, running and fuelling electric and hybrid cars in Europe fall to become competitive with those of ICE-driven models before 2050,” BP said, noting that its projections show that the average lifetime costs of a battery electric vehicle (BEV) would decline by around 50 percent by 2050, to just under those of a hybrid or a conventional ICE-based vehicle.

“Electric, hybrid and conventional vehicle costs are likely to converge before 2050 – independent of any policy impacts,” BP said.

Related: The Shale Boom: 100 Million Years In The Making

Regarding technologies for power generation, BP estimates that the mix of technologies used for power generation in each region could change by 2050. Onshore wind farms will provide the cheapest source for new power supplies in China, Europe, and North America by 2050, closely followed by solar PV.

Specifically for North America’s power generation costs, BP expects that while gas and coal were the cheapest sources of power in 2015, onshore wind costs are set to fall below those of newly built gas plants well before 2050.

By Tsvetana Paraskova for Oilprice.com

[sarkasm] 15/3/2018 17:33

Photographer: Simon Dawson/Bloomberg
BP Sells Egyptian Oil Assets as Focus Shifts
By Angelina Rascouet
and Dinesh Nair
15 mars 2018 à 17:26 UTC+1

U.K. company has begun process to sell mature fields in Egypt
A sale could be sensitive because the assets employ thousands

BP Plc has begun a process to sell mature oil fields in Egypt as it shifts investment in the country to natural gas, according to people with knowledge of the matter.

The so-called Gulf of Suez assets have been on sale for a few months and BP is hoping a deal will raise about $1 billion, the people said, asking not to be identified as the process isn’t public. The company’s other investments in the North African country include a stake in the giant Zohr gas field.

BP has a target to sell $2 billion to $3 billion of assets this year, down from $4.3 billion in 2017, as it continues to shore up its finances following crude’s collapse and a disastrous 2010 oil spill. Divesting the Egyptian onshore fields could be sensitive as they employ thousands of local staff, the people said.

BP declined to comment.

— With assistance by Kelly Gilblom

[optomistic] 15/3/2018 17:25

Hi Bracke, look forward to a climb away from there then :-)

[bracke] 15/3/2018 17:19

Good day optomistic

Viewing the chart you will want the brakes to be applied before it closes below the last major swing low on 6 Feb. Since then it has been in sideways mode within a horizontal channel and is currently at the bottom of it.

[waldron] 15/3/2018 17:05

BP
464.55 -0.04%



Shell A
2,193 -0.84%



Shell B
2,220.5 -0.43%



Total
46.9 -0.28%

[optomistic] 15/3/2018 16:51

TJ, price one or two Tesla models in the UK. BP hasn't much to worry about there.
The bulk of the people can't afford their electric bills, or so we are led to believe,
so the bulk of the car buyers aren't in this market.

[tradejunkie2] 15/3/2018 16:42

Looking very week indeed.

Tesla must have these guys scared.

[ianood] 15/3/2018 16:40

vnp- agreed, last time they got away with it, hopefully the same again.

[abbotslynn] 15/3/2018 11:46

Any Likes or Dislikes welcome. What do others think?

[abbotslynn] 15/3/2018 11:44

I can see possible problems ahead for investors with Tutin,Hutin,Rutin,Shutin Putin about to retaliate towards the UK, with our 20% holding in his country accounting for a third of our income.My exposure will be reduced just in case.

[waldron] 15/3/2018 08:23

BP
466.95 +0.47%



Shell A
2,212 +0.02%



Shell B
2,232 +0.09%



Total
47.13 +0.21%

[waldron] 14/3/2018 17:38

BP
464.75 -1.95%



Shell A
2,211.5 -0.94%



Shell B
2,230 -1.00%


Total
47.03 +0.32%


funny old day

SHELL DOES NOT HAVE A CARE IN THE WELL

TOTAL HAS IRAN AND THE ARAB WORLD

BP JUST HAS RUSSIA ,BUT IS TOTAL ANS SHELL IMMUNE

[optomistic] 14/3/2018 17:29

Well any doubts about gaps...today's got to have filled em!

[hellscream] 14/3/2018 15:25

the simple fact is that this country spends more than it makes, and its us that gotta take the hit (ppi), this county is eating itself (government forcing pensions to buy bonds which goes on current welfare spending). so it doesn't leave much for us the shareholders. pensions freedoms is also bleeding the market and so is dividend tax which just takes money out the market.

just compare the US market to the ftse in the last 20 years, says it all.

[uncle_sam] 14/3/2018 14:21

Grumpy, the topical events and questions of risk relevant to BP here is Russia, not America.