Bp Share Discussion Threads

[dominiccummings] 30/9/2020 19:52

One day. Probably a day with a 'Y' in it.

[kiranmaladasari1982] 30/9/2020 18:43

Do you think the share price will increase?

[w1ndjammer] 30/9/2020 18:33

Is anyone piling in, or have we all got to many...

WJ.

[dominiccummings] 30/9/2020 17:35

What is to be expected when the man in charge is a Looney?

Edit: Sorry, B Looney

[waldron] 30/9/2020 17:04

Looks like we can start referring to the Box channels,resistences and supports togetherwith Broker targets to make you smirk or smile

THE BP WISH LIST

210 to 240p$$$$$$$$$$$WE ARE HERE$$$$$$$$$$$$$$$$$$
240 to 270p
270 to 300p
300 to 330p
330 to 360p Jefferies target is 350p
360 to 390p
390 to 420pBARCAP target possibly 400p
420 to 450pJP Morgan goes for a target of 425p
450 to 480p
480 to 510p
510 to 540p Goldman Sachs maintains a target of 530p






June ends at 307.20p

july ends at 275.15p

August ends at 264.20p

September ends at 225.20p

[claret dragon] 30/9/2020 16:58

Wake me up when September ends for this stock.

[philanderer] 30/9/2020 14:02

Adam Vettese, analyst at multi-asset investment platform eToro, says:

“Even before this crisis, conditions were incredibly tough for the big exploration firms, due to incessantly low oil prices. This pandemic has just magnified their problems.

“The issue they have now – and it is a major one – is that the demand for their product is still desperately low. While there is more traffic on the roads now than there was a few months ago, the airline industry, a key market for oil producers, is still virtually grounded.

“Most major airlines are now predicting that it will be at least two to three years before passenger numbers reach their pre-Covid-19 levels, which will have a negative knock-on effect for oil demand and therefore British oil producers such as Shell and BP.”

[grupo] 30/9/2020 11:09

JDR wins contract in Azerbaijan with BP

Published by Nicholas Woodroof, Assistant Editor
Oilfield Technology, Wednesday, 30 September 2020 09:15
JDR, the global subsea cable supplier and servicer owned by the TFKable Group, has won a contract to manufacture and supply a 5.5 km 33kV fibre optic power cable and a steel tube subsea isolation valve (SSIV) umbilical, for a platform project, offshore Azerbaijan.

The 33 kV fibre optic power cable will connect an existing platform to the new platform to provide power share and communication services. The use of this cable means there is no need to install a gas turbine on the platform – providing environmental benefits. The SSIV umbilical will connect from the topside to the subsea isolation valve that exports oil from the well, providing the operator with critical control of the valve.

The agreement will see JDR package and ship the products via the Eurasia canal to the Caspian Sea using a bespoke eight metre cable installation reel. JDR will design the power cable and umbilical specifically to fit the vessel, which has size limitations due to the narrowing of the canal.

Rory Graham, Sales Manager at JDR, commented: “We’re delighted to announce a contract win in Azerbaijan as this is our first project win directly with this client. It’s brilliant to be expanding our global footprint and to supply our technology to help achieve the project goals. This contract award is a testament to our flexibility and ability to meet the design requirements of our clients. The transportation limitation is one we have overcome before and, with our technical expertise, we can ensure delivery will be smooth and efficient.”

The cables, junction boxes and SSIV umbilical will be manufactured at JDR’s facility in Hartlepool. The cores for the power cable will be manufactured at TFKable’s Bydgoszcz plant in Poland. Delivery of the products to the project is scheduled for May 2021.

[buywell3] 29/9/2020 21:32

This chart of what once was a Major stock a world leader is symptomatic IMO of what is now happening to stocks in certain sectors most affected by Covid-19


90% of investors have now woken up to this but only recently


But with lots of monies tied up in FTSE 100 trackers , the decline has not IMO as yet been pursuant with the gravity of the MACRO event that is only just begun

2021 will be the year when the truth about Covid-19 is revealed and people realize we are in for a long haul fight with SARS-CoV-2.

So long in fact that many scientists now believe it could be here to stay like the other Four Coronaviruses that affect us --- but not anything like so bad as this one that we can catch twice and more times ---- suffering organ additive damage each and every time.


Governments need to accept this and ramp up the use of technology to help humans co-exist as best as possible with this virus which is a 24/7 and all year round killer.

Far-UVC light has been recently proved to kill Covid-19 in 30 secs though the FDA have not updated their Aug 19th UVC guidance to reflect this fact or the pwer levels that have been provided and the distance of the source Far-UVC light from the Covid-19 test sample ---- all given in the paper ( see BUY thread for links)

Ushio a Japanese billion dollar company has made a Far-UVC light which meets USA present rules & regs , a multi billion dollar company in the USA has done a deal with Ushio to market this product ---- to kill Covid-19 in the air and on surfaces inside such places as Hospitals , Care Homes , Schools colleges and UNI's , offices and public buildings.


However the Ushio product is just the trail blazer product as it uses an excimer

IMO Far-UVC LED's and Laser Diodes will be what the world can use to function once more without lockdowns --- used with ordinary LED's these new Far-UVC LED's can and will not only provide visible illumination BUT also invisible ( can't see Far-UVC) disinfection against not only Covid-19 but also all pathogens , influenza , bacteria and other nasty microbes that cause diseases and infections.


Plus these new LED lights will protect humans going into the future when the next Coronavirus comes along in around 8 years from now. With these disinfectio/illumination LED Lights it is entirely possible that another pandemic might in fact never happen --- certainly it would not get a hold in those countries that did fully adopt this technology which is safe --- see BUY thread for links.


Companies like BP. needing to move away from OIL before it's use collapses any further and they still have the clout required --- should IMO look at investing into this very lucrative area which should kick off in a big way as further trial results will soon be released by Prof Brenner working out of Columbia University USA.

Technology is the only way out of this predicament now --- talking won't do it --- vaccines won't do it --- and we won't find a cure.

Boeing took out patents on this use in planes --- they have developed a toilet that uses UVC but not Far-UVC ( which has thus far been proved safe in trials )
Boeing just announced last week the use of an excimer hand used UVC disinfection lamp to be used to clean planes inside

buywell can see its use rapidly being implemented in Planes and Buses and Boats and Trains to get Transport moving once more --- see BUY for links on Boeing

imo dyor

[la forge] 29/9/2020 20:53

Total Makes Peak Oil Demand Prediction
by Bloomberg
|
Francois de Beaupuy & James Herron
|
Tuesday, September 29, 2020


Total Makes Peak Oil Demand Prediction
The French energy giant's analysis is more conservative than BP's.

(Bloomberg) -- Total SE joined the ranks of oil companies anticipating a peak for the industry in the coming decade, saying demand growth will end around 2030.

While the French energy giant’s analysis is more conservative than that of BP Plc, which earlier this month said the era of oil-market growth was already over, it adds to the chorus of executives and investors predicting rapid change for the industry.

Energy demand increased in all the scenarios considered in Total’s Energy Outlook report published on Tuesday, but most of the gains were seen being satisfied by low-carbon power. Electricity will comprise 30% to 40% of final energy demand in 2050, up from 20% today, it said.

The outlook was better for the company’s other main product, natural gas, which is expected to play a key role in energy markets for decades to come as a less carbon-intensive bridge fuel.

Total and its European peers are channeling investment into clean energy such as solar and wind, battery technology and car-charging networks. While investors in BP and Royal Dutch Shell Plc appear skeptical of the transition, particularly after suffering big dividend cuts earlier this year, Total has so far avoided any big stumbles.

[veryniceperson] 29/9/2020 17:23

More of what we are about to go through.

[la forge] 29/9/2020 15:46

Total solar deal ‘highlights importance’ of renewables integration for oil majors

Features & AnalysisOil & GasSolar

By James Murray 29 Sep 2020

The French oil firm plans to develop 3.3 gigawatts worth of solar capacity near Madrid, Spain, as part of its ambition to become the “responsible energy major”
Solar panels

Total is just one of several major petroleum companies that have scaled-up on renewables recently, as they look towards a future beyond fossil fuels (Credit: Wikimedia/US Air Force)

The latest solar power deal announced by Total highlights the importance of renewables integration for oil majors as part of their energy transitions, says an analyst.

The French oil firm plans to develop 3.3 gigawatts (GW) worth of solar capacity near Madrid, Spain, having signed an agreement with Spanish developer Ignis.

The Paris-headquartered company is just one of several major petroleum companies that have scaled-up on renewables recently, as they look towards a future beyond fossil fuels.

Will Scargill, managing oil and gas analyst at data and analytics firm GlobalData, said Total’s latest solar deal comes amid a “flurry of activity” by European majors to “further its ambitions on the energy transition”.

“Total is already a leader among the oil majors in terms of active renewables capacity, mostly through solar projects,” he added.

“Linking this new capacity to the power needs of its European operations means that the deal will support its net-zero 2050 target, as well as its target for 25GW gross renewables capacity by 2025.”


Total has ramped up its clean energy ambitions despite the coronavirus pandemic

As part of its ambition to become the “responsible energy major”, Total is building a portfolio of low-carbon electricity operations, with the objective of them accounting for 40% of its sales mix by 2050.

Despite fears for oil companies around prices and demand following the impact of the coronavirus pandemic, it has so far ramped up its commitment to clean energy this year.

Currently, Total’s gross low-carbon power generation capacity is close to 9GW, of which more than 5GW comes from renewable energy sources.

As part of its latest commitment, the first solar projects are scheduled to start in 2022, with the ambition of bringing them all into production by 2025.

It will bring the companies solar portfolio under development in Spain to more than 5GW by 2025, which will position the firm as a “major player in the country’s energy transition”, as it aims to generate 70% of its electricity from renewables by 2030 and then 100% by the middle of the century.


Solar power is one of the preferred technologies among oil majors

Scargill said solar power is one of the preferred technologies among oil majors looking to grow their renewables portfolios due to its “relatively low cost and short investment cycle”.

“This deal adds to Total’s portfolio of upcoming solar capacity, which makes up the majority of the company’s renewables pipeline,” he added.

“Similarly, solar is a strategic focus for BP – the other leading oil major in terms of renewables development – through its Lightsource BP joint venture.”

The analyst believes the integration of renewables capacity with traditional oil and gas operations will be a “critical tool” as companies target net zero by 2050.

“For Total, this move to power all of its European industrial sites through solar is a significant step, as the region represents almost 70% of its global refining capacity,” he added.

“More integration is likely across the oil and gas sector, whether through development of renewables capacity at facilities or through green power purchase agreements.”

[la forge] 29/9/2020 15:04

Rosneft calls BP and Shell's shift to renewables an 'existential crisis'
Sep. 29, 2020 5:31 AM ET|About: Public Joint Stock Company... (RNFTF)|By: Yoel Minkoff, SA News Editor

There's a growing divide between state-backed companies and oil majors that have helped shape the modern energy industry.

Attacking their shift towards renewables, Russia's Rosneft (OTCPK:RNFTF) lashed out at BP (NYSE:BP) and Royal Dutch Shell (RDS.A, RDS.B) for creating an "existential crisis" for oil supplies.

"I think that to go away from your core business, which is what they are doing, somebody will need to step in... somebody will need to take that responsibility," Rosneft's Didier Casimiro told the Financial Times Commodities Global Summit. "It is an existential threat for supply. It is an existential threat for price volatility... we will have a [supply] crunch, price volatility, and yes higher prices."

Note: BP holds a 20% stake in Rosneft as a legacy of its investments in Russia.

[la forge] 29/9/2020 13:46

Abigail Townsend
Sharecast News
29 Sep, 2020 13:19 29 Sep, 2020 13:19
Shell set to unveil job losses - report


Royal Dutch Shell is reportedly close to announcing potentially thousands of job cuts as it responds to the global slump in oil prices and looks to reposition itself as a green energy provider.

In July, Shell posted a second-quarter net loss of $18.3bn, compared to a net profit of $3bn in the second quarter of 2019, after it wrote down the value of oil and gas assets following a collapse in oil prices.

Covid-19 has caused global demand for oil to plummet. Brent crude futures started the year at close to $70 per barrel but tumbled below $20 a barrel at the peak of the pandemic. As at 1300 BST on Tuesday, they were trading at $41.73 per barrel.

At the time, chief executive Ben van Beurden told reporters that plans to restructure and streamline the business were being drawn up and that Shell would end up "probably with fewer people" as a result.

According to a report in The Times on Tuesday, the Anglo-Dutch giant could set out the scale of those losses as early as Wednesday, when it is expected to update on trading ahead of posting third-quarter results in October.

A Shell spokesperson was not immediately available for comment.

Shell, which earlier this year cut its dividend for the first time since the Second World War, wants to reduce its reliance on oil and gas and has set itself a goal of net zero emissions by 2050. It employs around 6,500 people in the UK out of a global workforce of approximately 83,000.

In June, fellow oil major BP announced it was cutting 10,000 jobs following the collapse in oil prices. BP employs around 15,000 people in the UK.

[irish luck] 29/9/2020 10:53

Morning,
1/4 size long on BP at 231 to add to the half size long at 258

[adrian j boris] 26/9/2020 08:00

Spot natural gas prices at the Dutch TTF hub are also at multi-month highs at over $3/MMBtu, compared to a low of below $1/MMBtu in May, opening the window for profitable U.S. LNG exports to the region again.

Having plunged by more than 50 percent between January and July, U.S. LNG exports are set to pick up the pace, and the increase already started in August.

As per EIA estimates, U.S. LNG exports averaged 3.7 Bcf/d in August, up by 19 percent from July amid rising spot and forward natural gas prices in Europe and Asia.

“Higher global forward prices indicate improving netbacks for buyers of U.S. LNG in European and Asian markets for the upcoming fall and winter seasons amid expectations of natural gas demand recovery and potential LNG supply reduction because of maintenance at the Gorgon LNG plant in Australia,” the EIA said, expecting U.S. LNG exports to return to pre-COVID levels by November 2020 and to average more than 9 Bcf/d from December 2020 through February 2021.

The EIA expects that lower U.S. gas production, coupled with rising domestic demand and demand for LNG exports in the winter, will send Henry Hub spot prices jumping to a monthly average of $3.40/MMBtu in January 2021. Monthly average spot prices are set to remain above $3.00/MMBtu for all of next year, averaging $3.19/MMBtu in 2021, up from a forecast average of $2.16/MMBtu in 2020.

By Tsvetana Paraskova for Oilprice.com

[waldron] 25/9/2020 17:45

Brent Crude Oil NYMEX 42.24 -0.52%
Gasoline NYMEX 1.18 +0.58%
Natural Gas NYMEX 2.82 -1.40%
WTI 40.076 USD -0.45%


FTSE 100
5,842.67 +0.34%
Dow Jones
26,873.53 +0.22%
CAC 40
4,729.66 -0.69%
SBF 120
3,746.87 -0.53%
Euro STOXX 50
3,137.06 -0.70%
DAX
12,469.2 -1.09%
Ftse Mib
18,681.37 -1.19%

Eni
6.88 -1.81%



Total
28.06 -3.32%ex divi day


11.12 -0.13%

Orange
8.89 -1.44%



Bp
233.3 +0.39%

Vodafone
103.8 -0.04%

Royal Dutch Shell A
1,004.8 -0.91%


Royal Dutch Shell B
972.1 -0.61%


Tullow Oil (TLW)
: 15.46 -0.195 (-1.25%)

[sarkasm] 25/9/2020 15:46

BP's Capital Markets Unit To Buy Back EUR3.56 Worth Of Notes

Fri, 25th Sep 2020 14:34
Alliance News

(Alliance News) - BP Capital Markets PLC, a unit of oil giant BP PLC, on Friday said it will buy back EUR3.56 billion worth of Euro and Sterling denominated notes under a tender offer.

The unit had launched a tender offer earlier in September for 13 separate note tranches.

The settlement date for the notes purchased under the tender offer will be Tuesday next week. All notes purchased will be cancelled.

Shares in FTSE 100-listed BP were up 0.2% at 232.90 pence each in London on Friday afternoon.

By Tapan Panchal; [e-mail]