Bp Share Discussion Threads

[waldron] 17/4/2018 13:39

Broker Forecast - HSBC issues a broker note on BP PLC
By StockMarketWire | Tue, 17th April 2018 - 11:20

HSBC today reaffirms its buy investment rating on BP PLC (LON:BP.) and raised its price target to 590p (from 570p).

Broker Forecasts data provided by www.sharesmagazine.co.uk

[steve73] 17/4/2018 07:41

Has BP completed it's buy-backs... or is it just holding off whilst at these higher prices?

[hellscream] 16/4/2018 16:04

what a sad Fixation on this £5... this is austerity and nothing else.

why would the likes of COP surge like 20% in the last month, what are they doing whats so special?

[toon1966] 16/4/2018 07:50

"Arguably BP have recognised that as they seek to diversifying their focus entirely on oil......" really? 'Entirely' on oil?

[leas1] 15/4/2018 13:41

I think China have had to move away from hydrocarbons. Their manufacturing centres are based around the cities that are poisoning the residents. I believe they have forced some of the worse offenders of poor emissions to close or find greener methods of energy use.
Arguably BP have recognised that as they seek to diversifying their focus entirely on oil and take advantage of the renewable demand.
Chinese are also quick to take advantage of new technology and will take advantage of improved efficiency of energy storage which is desperately needed. Last weeks update with Tesla is interesting and clearly shows BP's intention in that field.

[florenceorbis] 13/4/2018 13:12

Broker Forecast - Kepler Cheuvreux issues a broker note on BP PLC
By BFN News | 12:00 PM | Friday 13 April, 2018

Factsheet BP PLC USD0.25 (BP.)


Kepler Cheuvreux today reaffirms its hold investment rating on BP PLC (LON:BP.) and cut its price target to 530p (from 535p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

[cliveb] 12/4/2018 17:44

The other problem is BPs investment in Russia, it seems we are dammed if we do and dammed if we dont, sell that is

[bracke] 12/4/2018 13:15

Good day optomistic

The oil price has been rising in reaction to the Syria situation. If the situation becomes more serious the share price is likely to react accordingly but if it proves to be not a great deal the oil price is likely to drop.

[optomistic] 11/4/2018 14:47

ADR's opened strong, won't do 'our price' any harm :-)

edit. correction...shouldn't do 'our price' any harm :-/

[optomistic] 11/4/2018 14:26

Good afternoon Bracke, thanks for a nice chart for a change...and I note the MACD and ROC indicators both looking positive.

[bracke] 11/4/2018 12:49

Good day optomistic

A nice looking chart for a change.

All being well it should reach the middle blue line before any resistance.

BP DAILY

[the grumpy old men] 10/4/2018 17:02

BP unit agrees to buy and install Tesla battery for U.S. wind farm
By Claudia Assis

Published: Apr 10, 2018 11:09 a.m. ET






A BP Plc. BP, +2.94% subsidiary has signed an agreement to buy and install a Tesla Inc. TSLA, +5.11% high-storage battery for its wind farm in South Dakota, the first of its kind for the U.S. wind business of the integrated oil and gas company, the company said Tuesday. The Tesla battery will be used to store electricity and meet demands when the wind is not blowing, the company said. No financial terms were disclosed. The battery-storage project is expected to launch in the second half of the year. BP operates 13 wind farms in the U.S., and its wind farms have a gross generating capacity of 2,259 megawatts, or enough electricity to power all homes in a city the size of Philadelphia, the company said. American Depositary Receipts of BP rose 2.5% in midday trading Tuesday, while Tesla shares gained 4%.

[optomistic] 10/4/2018 16:12

Looking good :-)
Back to hot meals at Penycae Towers?
Hope you are OK Penycae, not heard much from you lately.

[optomistic] 10/4/2018 14:06

Been out all morning and come back to find...we broke the 500 resistance...but now, will it hold above that magic line!

[sarkasm] 10/4/2018 13:47

BP to drill 2 new North Sea fields
By Ian Walker

Published: Apr 10, 2018 8:01 a.m. ET






BP PLC (BP.LN) said Tuesday that it will drill two new North Sea developments which are expected to come on stream in 2020, and to have peak production of 30,000 barrels of oil equivalent per day gross.

The oil major said Alligin and Vorlich are satellite fields located near to existing infrastructure, meaning they can be quickly developed through established offshore hubs.

BP has a 50% interest in Alligin and is operator while Royal Dutch Shell PLC RDSB has the other 50%. BP is also operator of Vorlich with a 66% interest, while Ithaca Energy has the remaining share.

Write to Ian Walker at [e-mail]; @IanWalk40289749

[sarkasm] 10/4/2018 13:25

Big Oil's New Favorite Toy: Supercomputers
10/04/2018 12:29pm
Dow Jones News

BP (LSE:BP.)
Intraday Stock Chart

Today : Tuesday 10 April 2018
Click Here for more BP Charts.

By Sarah Kent and Christopher M. Matthews

Xukai Shen, a geophysicist working at BP Plc, had a hunch he could solve a riddle that had vexed the company: whether there was a lot of oil hidden beneath a salt dome 7,000 feet underwater in the Gulf of Mexico. So he asked to use the company's supercomputer exclusively for two weeks to check it out.

Using an algorithm, the 33-year-old with a Stanford PhD harnessed the computer's massive power last year to produce a clearer seismic image of what lay beneath. The result: a potentially massive oil find. With a clearer picture of the area, BP estimated 200 million barrels of crude lay hidden in the Atlantis oil field, a region the company had been plumbing for decades.

"Basically we found a field within a field," said Ahmed Hashmi, BP's head of technology for exploration and production, during a recent tour of the company's Houston supercomputer, as the machine hummed nearby.

BP is now in love with beefy computer power -- and it's far from the only one in the oil patch. Italy's Eni SpA has built a computing facility the size of a soccer field outside of Milan, crediting its help in all its most recent oil and gas discoveries. France's Total SA recently upgraded its Pangea supercomputer, nearly tripling its computing power.

While big oil companies were early adapters of supercomputers, some have poured hundreds of millions into upgrades, and now possess some of the most powerful commercially owned computers on the planet.

The efforts are part of a larger digital arms race among energy companies, which are embracing technology in newfound ways to produce fossil fuels more cheaply and efficiently. Earlier mechanical advances enabling the boom in U.S. oil and gas production and lowering prices have added to the pressure on companies to innovate even further.

The computers are costly, but can reduce the oil exploration process by months and save companies tens of millions of dollars by avoiding misplaced wells. To harness their potential, the companies are increasingly seeking to compete with Silicon Valley firms for top data and computer scientists.

"We're going all in," said Bernard Looney, BP's head of exploration and production. "We're only scratching the surface today of what's possible."

BP is in the middle of a five-year, $100 million investment in its Houston supercomputer. It's built a 15,000-square-foot room in a 3-story, flood-proof building to house the titan, which currently takes up about 50% of the space and has the computing power of around 50,000 iPhone 7s.

BP claimed it was the most powerful commercial research computer in the world in December. Within a month, however, it was overtaken by Eni's supercomputer. BP said it has room to expand its computer further.

Not everyone can take BP's build-your-own approach. Like high-cost deepwater oil projects, in-house supercomputing remains largely the domain of only the world's biggest oil companies. But smaller players are finding creative ways to take advantage of technological advances.

Devon Energy Corp., one of the largest U.S. shale oil producers, is putting its data in the cloud so it can use the virtual computing power Microsoft Corp.

"It costs me hundreds of thousands of dollars versus tens of millions," said Benjamin Williams, Devon's chief information officer. "You have to decide, am I going to use this giant capacity enough to justify the investment versus the premium I may pay from a cloud provider."

Mr. Williams said many high performance computing centers are idle 80% of the time, while Devon only pays for supercomputing when it needs it. Devon has a small innovation lab in its Oklahoma City headquarters, where its computer and data scientists can experiment on high-end computers and virtual reality platforms. The company developed three-dimensional visualization tools there that its geologists use to "get inside" Devon's oil reservoirs.

Exxon Mobil Corp., the world's biggest non-state-backed oil company, also outsources its demand for computing power to analyze seismic data and map the rocks it's planning to drill. Even BP uses outside computers for regular seismic analysis, reserving its giant facility in Texas for cutting-edge research.

How much the digital revolution really changes the century-old oil and gas industry remains to be seen. Some executives and analysts are already warning that companies have unrealistic expectations about the speed of adoption.

John Gibson, who heads the digital innovation team at energy investment bank Tudor Pickering Holt & Co, said most energy companies gutted their research and development funding during the past commodity price crashes, and hasn't recovered.

"Most of the horizontal drilling and fracking techniques we're using today were from research dollars that were spent in the early 90s," Mr. Gibson said. "There is basic research that the industry needs and we rely on academia for it right now."

BP says it's already reaping the benefits of experiments with advanced technology.

In Alaska, the company said it crunched 40 years of data on its operations, weather patterns and pipeline corrosion and found ways to maintain its 1,300 miles of pipelines in the state more efficiently by reducing on-site inspections.

The physical inspections -- as many as 100,000 locations a year -- only found issues 2.5% of the time, and were difficult to perform in a state where temperatures can get so cold that workers can only be in the elements for minutes at a time. With the analysis, BP has managed to reduce inspections 25% and better predict corrosion, Mr. Looney said.

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



(END) Dow Jones Newswires

April 10, 2018 07:14 ET (11:14 GMT)

[garycook] 10/4/2018 13:22

So what.Covered by profits and Free cash flow,and has been for years !

[zangdook] 10/4/2018 13:19

Can it be true the dividend cover here is less than 0.5? That's even worse than Vodafone.

[hellscream] 10/4/2018 05:32

cmon trump slap some sanctions on iran :)

[garycook] 09/4/2018 14:30

Toally agree also.