Bp Share Discussion Threads

[alphorn] 08/3/2019 11:31

I have a bearish position on BP expiring this month so will not be unhappy if prices stay at current or lower levels.

[fhmktg] 08/3/2019 11:28

Norway's sovereign fund to sell £37 billion of oil & gas shares.....that's not going to help prices!

[waldron] 07/3/2019 17:26

FTSE 100
7,157.55 -0.53%
Dow Jones
25,480.67 -0.75%
CAC 40
5,267.92 -0.39%


Brent Crude Oil NYMEX 66.25 +0.39%
Gasoline NYMEX 1.80 +0.68%
Natural Gas NYMEX 2.83 -0.39%

(WTI) - 07/03 18:05:55
56.59 USD +0.84%



Eni
15.28 +0.00%


Total
51.02 +0.00%

Engie
13.28 +1.26%

Orange
13.425 +1.24%


BP
540.7 +0.50%

Shell A
2,362 -0.55%


Shell B
2,377 -0.42%

[the grumpy old men] 07/3/2019 09:35

ABB and BP celebrate global MEC frame agreement at ABB Customer World

Published by David Bizley, Editor
Oilfield Technology, Thursday, 07 March 2019 09:00

BP have appointed ABB as one of its global Main Electrical Contractors (MEC) for the provision of engineering, procurement and construction of electrical equipment for BP Upstream Major Capital Projects.

The new agreement reflects a strategic collaboration between ABB and BP, with ABB committed to delivering innovation, substantial savings, improved scheduling and lower risk as a valued long-term partner. ABB’s global MEC frame agreement is effective for an initial term of five years.

“Adding value to our customers is at the heart of everything we do. Our goal is to enable our customers to lead – through safer, more productive and energy efficient operations – by utilising our deep domain expertise, industry leading technologies, and engineering services,” said Peter Terwiesch, President, Industrial Automation, ABB.

“This important global frame agreement with BP will further exemplify our resolve to help major oil and gas projects make savings, reduce risk and enhance efficiencies into the future.”

As a global MEC partner, ABB can assume full responsibility for the design and engineering, procurement and supply, project management, installation, commissioning and on-time start up for overall electrical systems on BP projects that may be awarded to ABB under this global frame agreement.

With an evolving energy mix, demand for safe, secure and reliable power continues to be vital. ABB Customer World (ACW) is showcasing how ABB is connecting, leading and learning in writing the future across industries such as oil and gas.

[waldron] 06/3/2019 17:26

FTSE 100
7,196 +0.17%
Dow Jones
25,658.6 -0.57%
CAC 40
5,288.81 -0.16%


Brent Crude Oil NYMEX 65.73 -0.20%
Gasoline NYMEX 1.78 +0.55%
Natural Gas NYMEX 2.82 -2.12%

(WTI) - 06/03 18:04:00
55.91 USD -0.39%


Eni
15.28 +0.63%



Total
51.02 +0.33%

Engie
13.115 -0.46%

Orange
13.26 -0.75%


BP
538 -0.06%

Shell A
2,375 +0.13%


Shell B
2,387 +0.00%

[waldron] 05/3/2019 17:34

FTSE 100
7,183.43 +0.69%
Dow Jones
25,827.6 +0.03%
CAC 40
5,297.52 +0.21%


Gold COMEX 1,283.90 -0.28%
Silver COMEX 15.22 +0.11%
Copper COMEX 2.93 +0.79%
Brent Crude Oil NYMEX 65.52 -0.23%
Gasoline NYMEX 1.76 +0.64%
Natural Gas NYMEX 2.87 +0.28%


Total
50.85 +0.95%


Engie
13.175 -0.19%

Orange
13.36 +0.34%


Eni
15.184 +0.49%




BP
538.3 +0.41%

Shell A
2,372 +0.85%


Shell B
2,387 +0.87%

[sarkasm] 05/3/2019 14:57

NEW YORK (Agefi-Dow Jones) - Chevron plans to significantly increase production in the Permian Basin in the United States, the latest indication that the new era of shale oil development should be dominated by oil majors .


Over the next five years, Chevron expects to double production in the Permian Basin in Texas and New Mexico to 900,000 barrels of oil equivalent per day, the group said on Tuesday. investors. This represents an increase of nearly 40% compared to its previous forecast.


"In shale, size matters now," Chevron Chief Executive Officer Mike Wirth said in an interview with the Wall Street Journal. "It is not the one who starts the fastest that wins the race, but the one who builds the most powerful machine gradually," he added.


Exxon Mobil is expected to present the same growth projects in the region at an investor meeting on Wednesday. The group recently added 1.2 billion barrels of oil equivalent to its total reserves, relying in particular on optimistic drilling projects in the Permian basin. BP, Royal Dutch Shell and Occidental Petroleum are also focusing on this region.


Chevron also indicated that it would maintain its annual investment of $ 18 billion to $ 20 billion this year and in 2020, and that this range would increase slightly to $ 19 billion-$ 22 billion over 2021-2023.


Chevron raises its production forecast to 900,000 barrels of oil equivalent per day by 2023. Last year, the group forecast 650,000 barrels per day by 2023. The group increases its production without increasing its number of drilling rigs in operation, which shows how much size can lead to better performance.


-Bradley Olson, The Wall Street Journal ed: LBO


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


March 05, 2019 09:18 ET (14:18 GMT)

[waldron] 04/3/2019 17:51

FTSE 100
7,134.39 +0.39%
Dow Jones
25,731.4 -1.13%
CAC 40
5,286.57 +0.41%


Brent Crude Oil NYMEX 65.37 -1.42%
Gasoline NYMEX 1.74 -0.76%
Natural Gas NYMEX 2.84 +1.07%

(WTI) - 04/03 18:08:10
56.16 USD +0.32%


Eni
15.11 +0.48%


Total
50.37 +0.99%

Engie
13.2 -1.05%

Orange
13.315 -0.11%


BP
536.1 +0.58%

Shell A
2,352 +0.06%

Shell B
2,366.5 +0.08%

[waldron] 03/3/2019 06:57

No longer at ease with crude oil thieves
Charles Okonji
March 2, 2019


Concerned about the colossal loss of revenue by the country through oil theft and pipeline vandalism, the organised private sector (OPS) are working round the clock to address this hydra-headed monster by adopting Alternative Crude Evacuation, which will enable the country save over N995.2 billion annually, reports Charles Okonji

To say crude oil theft remains one hard nut to crack is certainly stating the obvious. Truth is, majority of Nigeria’s oil companies have been battling the persistent oil theft and pipeline vandalisation for over 45years, a development which experts say is the consequence of the continued use of the 200km-long Trans Forcados Pipeline in transporting crude oil to the Forcados Oil Terminal (FOT).

[maywillow] 02/3/2019 19:42

If oil breaks this level, it's a straight shot back to the December lows, says Kilduff
Lizzy Gurdus | @lizzygurdus
Published 1 Hour Ago CNBC.com









If oil breaks this level, it's a straight shot back to the December lows, says Kilduff
If oil breaks this level, it's a straight shot back to the December lows, says Kilduff
11:26 AM ET Fri, 1 March 2019 | 01:18

Oil prices could fall to the low $40s if they can't hold above the critical $52 level, and several factors are raising the risk of that occurring, John Kilduff told CNBC on Thursday.

[optomistic] 02/3/2019 10:58

Good to see that the intent is to pay down some debt
(edit) than plough it all into more share buy backs.

[philanderer] 02/3/2019 10:18

'Bidders Emerge for BP's $7 Billion Sale of U.S. Shale Assets'

[waldron] 01/3/2019 17:17

FTSE 100
7,106.73 +0.45%
Dow Jones
25,961.53 +0.18%
CAC 40
5,265.19 +0.47%


Brent Crude Oil NYMEX 64.68 -2.46%
Gasoline NYMEX 1.71 -2.15%
Natural Gas NYMEX 2.85 +1.21%

(WTI) - 01/03 17:51:07
56.03 USD -2.03%

Eni
15.038 -0.84%



Total
49.875 -0.23%

Engie
13.34 +0.68%

Orange
13.33 -0.82%


BP
533 -0.26%


Shell A
2,350.5 +0.04%

Shell B
2,364.5 +0.00%

[philanderer] 01/3/2019 12:43

'OPEC Output Slides Again Amid Planned Cuts and U.S. Sanctions'

[ladywormer] 01/3/2019 12:28

St David's Day greetings to you Peny (not sure if the Monkey is Welsh)

[optomistic] 01/3/2019 08:49

Morning Penycae, plentyful supply of daffodils this year...not as smelly as the leek.

[penycae] 01/3/2019 08:39

A Dewi Sant!

[waldron] 28/2/2019 17:16

FTSE 100
7,074.73 -0.46%
Dow Jones
25,971.69 -0.05%
CAC 40
5,240.53 +0.29%

Brent Crude Oil NYMEX 66.34 -0.36%
Gasoline NYMEX 1.75 -0.38%
Natural Gas NYMEX 2.80 +0.07%

(WTI) - 28/02 17:52:22
57.08 USD +0.23%


Eni
15.166 -0.37%



Total
49.99 -0.06%


Engie
13.25 -4.68%

Orange
13.44 +1.01%

BP
534.4 +0.07%


Shell A
2,349.5 -0.68%


Shell B
2,364.5 -0.84%

[la forge] 28/2/2019 16:39

Feb 28, 2019, 09:03am
Norway Makes Multibillion-dollar Bet On Britain's Economy, And You Should Follow Suit
Simon Constable
Simon Constable
Contributor
Investing
Author | Broadcaster | Journalist | Commentator | Speaker.

Pro-EU supporters protest outside the Houses of Parliament in London. (Photo by WIktor Szymanowicz/NurPhoto via Getty Images)Getty

Norway has placed a bet on Britain totaling tens of billions of dollars, even though no Brexit deal has been signed with the European Union.

Savvy investors should follow suit by investing in British stocks such as those in the FTSE 100 index, which tracks the largest public companies in the UK.

How much did Norway bet? It's sovereign wealth fund, which is the largest of its type in the world, invested 8.5% of its total assets in the UK, or around $84 billion, according to press reports. Read more here also.

In other words, the fund has taken approximately one-in-12 of its dollars, which they could have invested anywhere in the world, and bet them on Britain.

It's done so even before Britain's Prime Minister Theresa May has secured a deal with the EU that would allow unfettered trade when the UK leaves the bloc on its scheduled exit date of March 29.

Better still, the fund says it's in for the long haul, meaning the next three decades.

Apparently, the oil-rich Scandinavians in Norway know something that other investors don't. The FTSE 100 has languished over the past two years, retreating 4% through Wednesday excluding dividends, according to data from Yahoo! Finance. That compares with gains of almost 18% for the S&P 500 over the same period, again excluding dividends.

The reason for the recent British market underperformance has clearly been jitters over whether the UK can secure that much-desired trade deal.

However, it should be clear what the Norwegians see in Britain and that's why individual investors might want to follow suit.
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The dividend yield on Britain's stocks is huge, especially when compared to the U.S. market. The FTSE 100 yields more than 4% a year versus a hair under 2% for the S&P 500 index which tracks U.S.-based large capitalization stocks. Some British stocks yield far higher dividends than the average such as oil company BP which is expected to produce dividends of 5.8% this year.
The market in the UK is relatively cheap. The MSCI UK market index, which tracks a basket of UK stocks, trades at a forward price earnings multiple of 12.4 versus a forward multiple of 16.5 for the U.S. market, according to calculations by Yardeni Research.
The big companies in the UK stock market aren't totally dependent on how the UK economy performs. For instance, Royal Dutch Shell, another oil company, is a global firm that operates in many countries. In that way, it is similar to many U.S. companies in the S&P 500 which get close to half their sales outside the U.S., on average.
The British economy is performing significantly better than are other EU countries. Unemployment is at multi-decade lows and would-be migrants are choosing the UK over France despite the latter's generally better weather. British unemployment now stands at 4% which is less than half the 8.8% unemployment rate across the channel in France, according to data from data website Trading Economics.
Britain's labor laws are far more flexible than those in mainland Europe, and that's why companies often prefer doing business in the U.K. versus the continent. The difference between those laws and associated regulations will likely get wider and in Britain's favor once the UK leaves the EU, which is currently scheduled for March 29.

For all those reasons, savvy investors might try placing a similar bet on Britain by purchasing UK stocks, such as those held in the Franklin FTSE United Kingdom exchange-traded fund.



Simon Constable is a writer, economics commentator, and a fellow at The Johns Hopkins Institute for Applied Economics, Global Health and the Study of Business Enterprise.
Simon Constable
Simon Constable
Contributor

[philanderer] 28/2/2019 15:28

BP Starts Up 3rd Major Upstream Project in 2019

[p0pper] 28/2/2019 08:35

I was under the assumption that (as it looks now more likely) a Brexit deal as opposed to no deal, would be a rocket under the FTSE, fickle markets LOL

[gbh2] 28/2/2019 08:32

SP drop has just about wiped out the value of this years dividend payments for me!

[philanderer] 27/2/2019 21:13

hellscream, stick some dosh in domestic earners for when the £ is strong.

e.g LLOY is +22% this year

Then again the £ could crash tomorrow with this brexit sh1te ;-)