Bp Share Discussion Threads

[waldron] 17/4/2019 16:17

FTSE 100
7,471.32 +0.02%
Dow Jones
26,444.18 -0.03%
CAC 40
5,563.09 +0.62%


Brent Crude Oil NYMEX 71.84 +0.17%
Gasoline NYMEX 2.02 +0.43%
Natural Gas NYMEX 2.52 -1.94%

(WTI) 17/04 17:55:03
64.17 USD -0.23%


Eni
15.43 +0.03%


Total
50.09 +1.08%

Engie
13.3 +0.04%

Orange
14.57 -0.07%


BP
572 +0.69%


Shell A
2,481.5 +0.55%


Shell B
2,501.5 +0.38%

[waldron] 16/4/2019 16:18

FTSE 100
7,469.92 +0.44%
Dow Jones
26,440.68 +0.21%
CAC 40
5,528.67 +0.36%


Brent Crude Oil NYMEX 71.31 +0.18%
Gasoline NYMEX 2.00 +0.25%
Natural Gas NYMEX 2.58 -0.58%

(WTI) - 16/04 17:56:07
63.63 USD +0.27%


Eni
15.426 -1.56%


Total
49.555 -1.03%

Engie
13.295 -0.15%

Orange
14.58 -0.41%


BP
568.1 -0.32%


Shell A
2,468 +0.00%


Shell B
2,492 +0.06%

[waldron] 16/4/2019 15:21

BP announces $500 M extension to its drilling and engineering contract in Azerbaijan
16 April 2019 12:26 (UTC+04:00)

Baku, Azerbaijan, April 16

By Leman Zeynalova – Trend:

BP as operator of the Azeri-Chirag-Gunashli (ACG) oil and Shah Deniz gas fields in the Caspian Sea announced today a $500 million extension to its drilling and engineering contract in Azerbaijan, Trend reports citing BP.

The new contract has been awarded to the Turan Drilling & Engineering Company LLC which is a KCA Deutag and SOCAR AQS joint venture.

This represents another major contract awarded by BP as operator in the Caspian to a company with a local partner. It builds on the successful local content development strategy that BP and its co-venturers set from the start of their involvement in the region as a priority area of contribution to local capacity-building and enhancement of the local market. It also is in line with BP and its co-venturers’ business objectives to develop Caspian resources ever more efficiently and competitively working closely with the Government and SOCAR.

The contract covers offshore operations and maintenance activities for seven platform rigs operated by BP including the Central, East and West Azeri, Deepwater Gunashli, West Chirag, Chirag and Shah Deniz installations. The initial term of the contract is for five years with two one-year extension options.

“We are pleased to have awarded this contract to a joint venture between KCA Deutag and SOCAR AQS. As a long-term safe and efficient operator in the Caspian we welcome the combination of KCA Deutag’s more than 20 years of Caspian experience and international expertise with SOCAR AQS’s deep knowledge of the Caspian and their leadership within the Caspian drilling industry. BP operates world-class platform facilities in the Caspian as part of its 27 years successful business in the region. We hope this new contract will support our continued commitment to safety, development of local capabilities, cost efficiency, competitiveness and global industry standards,” Mike Zanghi, BP’s Vice President, Wells, said.

The contract for developing the ACG field was signed in 1994. A ceremony to sign a new contract on development of the ACG block of oil and gas fields was held in Baku Sept. 14, 2017.

The new ACG participating interests are as follows: BP - 30.37 percent; AzACG (SOCAR) - 25 percent; Chevron - 9.57 percent; INPEX - 9.31 percent; Statoil - 7.27 percent; ExxonMobil - 6.79 percent; TP - 5.73 percent; ITOCHU - 3.65 percent; ONGC Videsh Limited (OVL) - 2.31 percent.

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Follow the author on Twitter: @Lyaman_Zeyn

[philanderer] 16/4/2019 12:25

Market report:

BP, down 1.0%, Royal Dutch Shell 'A', up 0.9%, up Shell 'B', up 0.8%. The oil majors were tracking spot oil prices lower quoted at USD70.85, down from USD71.09 late Monday. Oil prices weakened following remarks from Anton Siluanov, Russia's finance minister, who suggested that Russia along with OPEC is likely to decide to boost production to fight for market share with the US.

Alliance News

[philanderer] 16/4/2019 08:51

RBC cuts from 'top pick' to 'outperform' ... tp 625p

[the grumpy old men] 16/4/2019 08:20

RBC Capital Markets Outperform 625.00 - Reiterates

[florenceorbis] 15/4/2019 18:25

BP, Schneider Electric Sign Five-Year, Global Frame Agreement
4/15/2019

HOUSTON -- BP, a global energy producer, has selected Schneider Electric, a leader in the digital transformation of energy management and automation, as one of its main electrical contractors (MEC) in a five-year global framework agreement.

Under the terms of the agreement, Schneider Electric will provide full-scope design and engineering services, including optimization, project management and integration, procurement and supply chain management, and full support from commissioning through to operations after start-up for the Electric Distribution System of BP’s upstream major capital projects awarded to Schneider Electric.

“Our IoT-enabled EcoStruxure architecture and platform enables our customers to rethink traditional approaches when it comes to how they design, implement and operate their assets so they can reach first production sooner, safely and securely,” said Gary Freburger, president, Process Automation, Schneider Electric. “By taking an asset-centric view of the facility across its lifecycle, our customers can better leverage up-front capital investments to improve profitability and ROI when the plant begins operating.”

Schneider Electric has worked with BP for many years, and the MEC agreement strengthens that collaboration. Through it, BP and Schneider Electric will work together to reduce project risks, lower costs and increase efficiencies, while driving value, innovation and safety in a secure manner.

“By using a common simulation platform, and connecting virtual modelling to real-time operations data, we help customers close the loop between ‘as designed’ and ‘as operating,’221; Freburger said. “This approach enables them to better identify, understand and mitigate operating and business risks across the life of their assets. We look forward to collaborating with BP to optimize total lifecycle expenditures—not just CapEx or OpEx—from FEED to operations and even into end of life.”

EcoStruxure is Schneider Electric’s open, interoperable, IoT-enabled system architecture and platform. EcoStruxure delivers enhanced value around safety, reliability, efficiency, sustainability and connectivity for customers. EcoStruxure leverages advancements in IoT, mobility, sensing, cloud, analytics, and cybersecurity to deliver Innovation at Every Level. This includes Connected Products, Edge Control, Apps, Analytics, and Services. EcoStruxure has been deployed in 480,000+ sites, with the support of 20,000+ system integrators and developers, connecting over 1.6 million assets under management through 40+ digital services.

[florenceorbis] 15/4/2019 16:32

BP, Nouryon and Port of Rotterdam partner on green hydrogen study

By Joanna Sampson15 April 2019

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The Port of Rotterdam has joined forces with oil giant BP and industrial chemicals company Nouryon to explore the opportunity of making “green hydrogen” via water electrolysis for BP’s refinery in Rotterdam, the Netherlands.

The refinery currently uses hydrogen made from hydrocarbons to desulphurize products. According to the partnership, replacing this entirely with green hydrogen produced from water using renewable energy could potentially result in a reduction of 350,000 tonnes of CO2 emissions per year based on current circumstances.

The parties have signed a Memorandum of Understanding (MoU) to study the feasibility of a 250-megawatt water electrolysis facility to produce up to 45,000 tonnes of green hydrogen yearly using renewable energy. It would be the largest of its kind in Europe.

Nouryon would build and operate the facility and the Port of Rotterdam would facilitate local infrastructure and investigate options for further development of a green hydrogen hub in the area.

The partners said they intend to take a final investment decision on the project in 2022.

bp_refinery_overview

Source: Port of Rotterdam

Ruben Beens, CEO of BP Netherlands said, “BP is committed to advance a low carbon future. We have committed to reduce emissions in our operations, improve our products to help customers reduce their emissions and create low carbon businesses.”

“The use of green hydrogen, made from water with renewable energy, has the potential to deliver significant emissions reductions at Rotterdam. Working with Nouryon and the Port of Rotterdam will allow us to explore and fully understand the technical, operational and financial dimensions of this potential opportunity.”

Knut Schwalenberg, Managing Director of Industrial Chemicals at Nouryon, added, “This partnership builds on our expertise in electrolysis technology to open up new value chains.”

“With green hydrogen, we can provide sustainable solutions to our customers ranging from low-carbon fuels and industrial processes to new forms of circular chemistry.”

Allard Castelein, CEO of the Port of Rotterdam, commented, “Development of large-scale electrolysers connected to offshore wind farms is vital for making solid progress with the new energy system in order to realise our climate goals.”

“This 250-megawatt electrolyser is a key proof point that Rotterdam has the ability to be a frontrunner in the energy transition, which is an important differentiator for the port industry.”

[waldron] 15/4/2019 16:19

FTSE 100
7,436.87 +0.00%
Dow Jones
26,363.42 -0.19%
CAC 40
5,508.73 +0.11%

Brent Crude Oil NYMEX 70.99 -0.78%
Gasoline NYMEX 2.02 -0.78%
Natural Gas NYMEX 2.61 -1.95%

(WTI) - 15/04 17:58:36
63.17 USD -0.72%


Eni
15.67 -0.92%



Total
50.07 +0.16%


Engie
13.315 +0.87%

Orange
14.64 +0.55%


BP
569.9 -0.12%


Shell A
2,468 -0.44%


Shell B
2,490.5 -0.58%

[philanderer] 12/4/2019 20:02

BP is set to franchise its Wild Bean Cafe offer

[philanderer] 12/4/2019 18:18

BP becomes last western firm to exit Chinese shale market

[waldron] 12/4/2019 16:39

FTSE 100
7,437.06 +0.26%
Dow Jones
26,329.19 +0.71%
CAC 40
5,502.7 +0.31%


Brent Crude Oil NYMEX 71.49 +0.93%
Gasoline NYMEX 2.01 +0.33%
Natural Gas NYMEX 2.66 -0.26%


(WTI) - 12/04 17:53:52
64.18 USD +0.69%

Eni
15.816 -0.68%



Total
49.99 -0.18%


Engie
13.2 -1.31%

Orange
14.56 -0.34%




BP
570.6 -0.35%


Shell A
2,479 -0.30%


Shell B
2,505 -0.04%

[philanderer] 12/4/2019 08:53

12th april JP Morgan Caz overweight tp 625p up from 600p

[florenceorbis] 12/4/2019 07:12

RDSB JP Morgan Cazenove Overweight 2,850.00 Reiterates
RDSA JP Morgan Cazenove Overweight 2,850.00 Reiterates
BP. JP Morgan Cazenove Overweight 625.00 Reiterates

[waldron] 11/4/2019 16:04

FTSE 100
7,417.95 -0.05%
Dow Jones
26,168.62 +0.04%
CAC 40
5,485.72 +0.66%


Brent Crude Oil NYMEX 70.98 -1.05%
Gasoline NYMEX 2.03 -1.79%
Natural Gas NYMEX 2.69 -0.30%


(WTI) - 11/04 17:39:31
63.43 USD -1.40%



Eni
15.924 -0.10%


Total
50.08 -0.58%


Engie
13.375 -1.69%

Orange
14.61 -0.48%


BP
572.6 -0.62%


Shell A
2,486.5 -0.16%


Shell B
2,506 -0.22%

[waldron] 11/4/2019 05:55

BP PLC (BP.LN) has called on its shareholders to reject a climate resolution filed by activist investor Follow This that requests it to set targets for emissions from the consumers of its products.

In the notice of annual general meeting distributed today to shareholders, the BP board opposed the resolution filed by the Netherlands-based group of some 4,600 shareholders that urges oil-and-gas companies to set long-term targets in line with the Paris Agreement.

The British oil-and-gas company said it did not support the resolution because it calls for targets for "Scope 3" emissions that BP said it does not control. Scope 3 emissions are indirect emissions from sources such as capital goods, business travel, franchises and use of sold products--in this case use of fuel by BP's customers.

While BP's competitor Royal Dutch Shell (RDSB.LN) had previously accepted the same resolution and set targets for end-user emissions, BP said setting specific long-term reduction targets is inconsistent with its flexibility.

Quantitative targets, BP said, could significantly inhibit its ability to deliver shareholder value by limiting "future portfolio choices."

"An oil-and-gas company without targets for its products can never prove to be aligned with the Paris Climate Agreement," said Follow This member Mark van Baal.

Climate resolutions remain on the agendas for the AGMs of Equinor ASA (EQNR.OS) and Chevron Corp. (CVX), which Mr. van Baal said have not yet accepted responsibility for the emissions of their products.



Write to Maitane Sardon at [e-mail]



(END) Dow Jones Newswires

April 10, 2019 11:58 ET (15:58 GMT)

[la forge] 10/4/2019 20:15

BP PLC BP. HSBC Buy 660.00 down to 650.00 Reiterates
RDSA HSBC Hold 2,785.00 down to 2,710.00 Reiterates
RDSB HSBC Hold 2,800.00 down to 2,730.00 Reiterates