Bp Share Discussion Threads

[waldron] 27/11/2020 17:41

Brent Crude Oil NYMEX 48.00 +0.76%
Gasoline NYMEX 1.26 +0.55%
Natural Gas NYMEX 2.84 -2.87%
WTI 45.31 USD +0.78%

FTSE 100
6,367.58 +0.07%
Dow Jones
29,890.79 +0.06%
CAC 40
5,598.18 +0.56%
SBF 120
4,428.16 +0.61%
Euro STOXX 50
3,527.79 +0.32%
DAX
13,335.68 +0.37%
Ftse Mib
22,343.09 +0.64%



Eni
8.582 +0.28%



Total
37.7 +0.90%



Engie
12.52 -0.04%

Orange
10.69 +1.47%



Bp
262.9 -0.23%

Vodafone
124.9 -0.62%

Royal Dutch Shell A
1,339.4 -0.06%



Royal Dutch Shell B
1,304 +0.40%

Tullow Oil (TLW)
: 28.98: -1.81 (-5.88%)

[slinkyj] 27/11/2020 16:19

Been given the nod to buy again. Going to rise from the pull back next week dyor

[crazi] 27/11/2020 16:08

DailyFX Team Live
@DailyFXTeam
·
12m
OPEC+ is leaning towards extending oil production cuts for 2-3 months #oott

* Should help push up prices further...

[crazi] 27/11/2020 15:40

Waldron - nice post. Great news and info thanks

[waldron] 27/11/2020 14:32

BP and Ithaca begin production from Vorlich field in North Sea

Oil & GasUpstreamOffshore

By NS Energy Staff Writer 27 Nov 2020

The Central North Sea field is expected to see peak production of 20,000 barrels oil equivalent gross per day
re-vorlich-offshore-construction.jpg.img.750.medium

The Vorlich field is tied bac,k to the FPF-1 floating production facility. (Credit: bp p.l.c.)

BP and its partner Ithaca Energy have started production from the Vorlich field in the Central North Sea, which has been developed with an investment of £230m.

The partners are targeting to draw 30 million barrels of oil equivalent from the offshore UK field.

Vorlich is a two-well development, located nearly 240km east of Aberdeen, Scotland. It has been tied back to the FPF-1 floating production facility operated by Ithaca Energy.

The field is expected to have peak production of 20,000 barrels oil equivalent gross per day.

It was discovered in 2014 and in September 2018, BP got the approval from UK Oil and Gas Authority (OGA) to move ahead with the field development as a subsea tieback.

BP North Sea senior vice president said: “In just two short years, bp and our partner, Ithaca Energy, have pulled out all the stops to rapidly bring Vorlich online against a highly challenged backdrop.”

Ithaca Energy was responsible for the installation for the subsea infrastructure and also for modifying the FPF-1 facility to prepare it for receiving and processing the hydrocarbons produced by the Vorlich field.

BP’s role in the project has been to operate the field during the development phase, which includes drilling the wells and installation of the wellheads.

The operatorship of the offshore UK field will be assumed by Ithaca Energy for the production phase.

The field was earlier targeted to begin production in September but was delayed due to the Covid-19 outbreak.

BP Central North Sea tiebacks project manager Stuart Johnstone said: “It goes without saying that all the decisions taken in response to COVID were absolutely necessary to protect the health and wellbeing of our colleagues on the project.

“But, with industry in lockdown and an ever-decreasing summer work window, it was hard to remain upbeat around the chances of bringing Vorlich online this year. Despite this, we dug deep, pulling out all the stops to turn things around.”

Vorlich follows BP’s start-up of the Alligin field in late 2019. Like the Vorlich field, Alligin is a subsea tieback in the North Sea with a two-well development.

For BP, the Vorlich field marks its third major upstream project to begin production in 2020 after the Qattameya gas field offshore Egypt and the onshore Ghazeer gas field, which were both achieved in October.

[topazfrenzy] 27/11/2020 10:29

More consolidation, next leg up imminent

GLA

[waldron] 27/11/2020 06:13

BP : UBS reaffirms its Buy rating

11/26/2020 | 01:10pm GMT


Analyst Jon Rigby from UBS research considers the stock attractive and recommends it with a Buy rating.

The target price is unchanged at GBX 340.

[f0rl0rn] 26/11/2020 17:28

https://news.sky.com/story/covid-19-astrazeneca-to-run-extra-trial-of-vaccine-developed-with-oxford-university-12143150

[topazfrenzy] 26/11/2020 13:35

Great read:

[investtofly] 26/11/2020 13:24

Just a thought due to the share price so low and the $ getting stronger it may trigger interest

[crazi] 26/11/2020 12:32

There won't be a takeover. BP will however pay down their debt and pick up more Green contracts next year as well. Oil rising...vaccines coming shortly. It will double on it's own - no takeover needed... imho

[erric] 26/11/2020 12:30

How can a takeover at this price happen if it then put up the price by 50% at which the takeover wouldn’t happen- not sure I understand the process so would appreciate an explanation

[investtofly] 26/11/2020 12:10

At this price a takeover could happen then the price would rocket more than 50%

[topazfrenzy] 26/11/2020 11:47

Just added some more BP. and BT.A

[waldron] 26/11/2020 11:15

Barclays predicts some stocks like BP could rally more than 50% next year

Published Thu, Nov 26 20204:58 AM EST

Updated 44 Min Ago

Elliot Smith
@ElliotSmithCNBC

Key Points

In their 2021 outlook, equity analysts at the bank said a stock market rally would mostly be driven by earnings-per-share growth, with high-efficacy vaccines bringing the Covid-19 pandemic under control and a return to normality bringing about a strong upswing for cyclical stocks.

Barclays’ biggest overweight stock for 2021 is oil major BP, for which it sees 63.7% upside potential, followed by Dutch bank ABN Amro with 50.6% and British telecoms company BT Group with 47.2%.

[plastow] 26/11/2020 10:38

Yes a healthy consolidated area buy the dips

[topazfrenzy] 26/11/2020 09:46

Some nice consolidation with the big oilies before the next big leg up

[linton5] 26/11/2020 08:09

Getting closer another 7p guys

[slinkyj] 25/11/2020 15:59

Nope, we are going higher. Looking for 286 Tomorrow.

[topazfrenzy] 25/11/2020 15:46

Keep buying the dips, here and RDSB!

[crazi] 25/11/2020 15:29

The only Blue ticker on my screen today is Brent :-) Funny old world...