Bp Share Discussion Threads

[herbyrainer] 01/6/2020 20:28

Cheers La Forge.

[la forge] 01/6/2020 18:50

BP signs license agreement with Weilian Chemical for PTA technology

Oil & GasDownstreamRefinery

By NS Energy Staff Writer 01 Jun 2020

The new unit will be located at the Dongying Port Economic Development Zone in eastern Shandong province
plant-silos.jpg.img.500.medium

BP signs license agreement with Weilian Chemical for PTA technology. (Credit: bp p.l.c.)

UK-based oil and gas company, BP has signed a license agreement with Weilian Chemical, a subsidiary of Dongying United Petrochemical, for the production of purified terephthalic acid (PTA) production technology.

Weilian Chemical is planning to build a 2.5 million tonnes per annum PTA production unit, for which the firm has selected bp’s proprietary PTA production technology in a global bidding process that was initiated last year.

The key features of the technology licensed to Weilian Chemical are said to have been proven at BP’s Zhuhai plant in southern China.

BP Petrochemicals chief operating officer Rita Griffin said: “We are pleased to be able to provide bp’s most advanced PTA technology, bpPTAg5, to Weilian Chemical, helping our partners to grow their business to meet the demand for high quality products with a lower carbon footprint. Together, we hope to lay strong foundations for future cooperation.”

To be located at the Dongying Port Economic Development Zone in eastern Shandong province, the new facility will be an addition to the existing refineries and paraxylene (PX) facilities portfolio of Dongying United Petrochemical.
The new unit is expected to be completed in the first half of 2020

BP said that the design of the new unit is underway and is estimated to be completed in the first half of the year while the initial production is expected by the second quarter of 2022.

Dongying United Petrochemical chairman Li Zhanchen said: “Adding a PTA production facility is an important step for our company to accelerate industrial transformation, while improving quality and efficiency.

“We are delighted to work together with bp, providing us with leading technology and services. With bp’s support, we believe our PTA project will start-up successfully, showcasing the fruitful cooperation between us.”

Furthermore, the PTA technology is expected to significantly reduce both operational costs and capital costs.

In May, BP Australia has announced plans for a feasibility study into an export-scale renewable hydrogen production facility in Western Australia.

The study will assess the feasibility of building a renewable hydrogen and ammonia production facility in Geraldton.

[waldron] 01/6/2020 17:40

Brent Crude Oil NYMEX 37.63 -0.55%
Gasoline NYMEX 1.05 -2.71%
Natural Gas NYMEX 1.90 -2.32%
WTI 34.689 USD -1.53%

FTSE 100
6,166.42 +1.48%
Dow Jones
25,442.37 +0.23%
CAC 40
4,762.78 +1.43%
SBF 120
3,766.02 +1.50%
Euro STOXX 50
3,077.92 +0.84%
DAX
11,586.85 -1.65%
Ftse Mib
18,502.89 +1.68%


Eni
8.34 +2.67%


Total
34.545 +2.74%



Engie
10.65 +0.14%

Orange
11.04 +1.80%


Bp
311 +1.72%

Vodafone
135.32 +1.73%

Royal Dutch Shell A
1,290.8 +2.51%


Royal Dutch Shell B
1,250.2 +1.97%

[waldron] 01/6/2020 11:26

Looks like we can start referring to the Box channels,resistences and supports

THE WISH LIST


300 to 330p$$$$$$$$$$$WE ARE HERE$$$$$$$$$$$$$$$$$$
330 to 360p
360 to 390p
390 to 420p
420 to 450p
450 to 480p
480 to 510p



As already mentione the first hurdle is surpassing the 333.50p strong resistence

Channel seems to be trending up



310p at present

[alphorn] 01/6/2020 10:56

Attempting to take advantage of possible trading ranges to end 2020. Perhaps 300 - 370 would be reasonable?

[imastu pidgitaswell] 01/6/2020 08:44

Edit -sorted.

[la forge] 01/6/2020 08:43

AUGUST/04/2020 Interim 2020 Earnings Release

[la forge] 01/6/2020 08:40

19 Jun 2020
First quarter dividend payment date

02 Jul 2020
8% and 9% preference shares ex-dividend

03 Jul 2020
8% and 9% preference shares record date

31 Jul 2020
8% and 9% preference shares dividend paid

[nellynell] 01/6/2020 08:14

Superior could you provide me a source or link to Looney saying the dividend was set for the next 18 months? I thought he said it would be assessed on a quarter by quarter basis.

[superiorshares] 01/6/2020 07:59

Why is it old news he only said it a few weeks ago.
Enough of it .
GOOD LUCK with your 4 quid.

[vecturaking] 01/6/2020 07:46

Superiorshares



That’s old News

Should see a positive start today as well, these prices aren’t going to last forever and you don’t get many opportunities like these. With economies getting going and demand rising this is only going to go one way.

[superiorshares] 01/6/2020 07:45

Vecturaking
I am not criticising anything I am just quoting Bernard Looney.
He said the demand Destruction for Oil is ten times greater than the 2008 financial crisis. I reckon he is a man in the know ?
I agree with you production cuts are taking place around the World, its because nobody wants the Oil.
A little one to think about on that though. Do you think the poorer producers will maintain that, or start sneaking it out though ?

[vecturaking] 01/6/2020 07:37

The only thing that’s going down is the
Production around the world
OPEC meeting this Thursday to confirm
More production Cuts 4/6/2020

The gap up will be sharp and swift

Take note in advance

You can criticise as much as you like

But the facts speak for themselves

333pence
360pence
400pence

Good luck everyone

[superiorshares] 01/6/2020 07:35

I am for the first time in my life looking forward to results. Both Shell and BP.
I am with nellynell. I am not sure about the dividend cut yet though ?. Mr Looney did say that the dividend was set for the next 18 months regardless of events on the ground.
Losses I think will be massive for both companies. Heres my thoughts on the oil price recovery. Its still not high and another thing Mr Looney said was Demand destruction Globally would be in the region of 16 million barrels ( I cant remember if that was a day , a month or what ? ). He did say it was ten times greater than the 2008 financial crisis.
Basically Oil will have to go up to about 250 dollars a barrel to compensate for the reduced sales.
The first wave of Coronavirus is spreading massively !. Don't forget its a Winter problem and this is the Summer.
Good Luck to those that are in . I am thinking great pain is coming near to mid term.

Regards All

[nellynell] 31/5/2020 21:31

2nd quarter results will give us all an idea whether we will be going higher or lower. I personally expect a massive loss and a dividend cut.

[vecturaking] 31/5/2020 19:12

nellynell
my flight is already in the air and climbing big time

where vecturaking goes the smart money follows remember that

oil prices climbing higher

bp climbing higher

good luck everyone

[nellynell] 31/5/2020 14:13

Your flight is still stranded on the runway that resistance is not being broken anytime soon. I can only see it going down once the 2nd quarter results are declared.

[waldron] 31/5/2020 13:44

chuckle, let it break thru 333p resistence first and then dream of a gap up TOWARDS THE big 5

[vecturaking] 31/5/2020 13:38

Like I said before
You can Dance on that £3 to £3.20+

But Bp will break Higher and leave you behind thinking why did I sell them

Because they will be £3.6 soon with £4
Shortly After

Good luck

[nellynell] 31/5/2020 12:36

Very unlikely to go anywhere for now. The price of oil is only in the 30s as of now. BP second quarter results will be horrific.

The question is are the upcoming results and the likely dividend cut priced into the current sp? I think not and this will drop some more.

As for now keep accumulating anywhere from £3 and below and sell st £3.20+. Rinse and repeat until things become clearer

[vecturaking] 31/5/2020 07:14

The oil price is on a strong REBOUND and Heading One way THATS UP
in my view BP will do the same
TARGET IS $40 a Barrel first with $50/$70 a barrel later this year

Firstly this is due to Production cuts around the wold
MORE and More Storage Space /Tanks becoming available
This comes to one REASON demand is back and building up strongly
More and More cars on the roads around the world
airplanes starting to fly all over the world
china demand for oil hugely picking up
manufacturing coming back online

The smart money Knows BP will maintain its dividends again in the next quarter
with over $32 Billion in the bank and the Oil Prices Heading North in a big way
The Bp stock Price will be Flying High again VERY soon
first Target £3.33 with £3.60 to follow swiftly THERE IS A GAP UP TO 400 PENCE
YOU WILL SEE THAT RATHER QUICKLY IN MY VIEW
Good Luck everyone

[veryniceperson] 30/5/2020 09:02

It's nice to see Brent Crude a tad under $38.00 a barrel. Perhaps $42 to $45.00 by the end of June? Fingers Crossed.

[ny boy] 29/5/2020 23:07

Couldn’t resist adding another few k of shares just under 306, will run up to 324 again, then 350p, nice fat juicy Divi payout to come in a few weeks