Bp Share Discussion Threads

[hellscream] 12/3/2023 17:31

two woke pension funds, havent these two pension funds devested anyway? who cares what they think, green dont work.

[actomox] 12/3/2023 17:11

A view maybe adg - if you have no concern for the future of your children and grandchildren. I for one, am invested in Shell and BP and recognise that we need oil into the future - but that does not stop me wanting them to reduce their impact on global warming faster.

[wolansm] 10/3/2023 10:46

Silicon Valley bank

[gibbs1] 10/3/2023 08:53

bank problems

[veryniceperson] 10/3/2023 08:52

Bad start this morning, don't know why.

[waldron] 09/3/2023 13:49

BP unveils UK’s largest EV charging hub

Published 09 Mar 2023 Last Updated 09 Mar 2023 11:49

Rachel Adatto Contact Author



BP Pulse, BP's electric vehicle charging arm, has launched the UK’s largest EV charging hub in Kettering, North Hamptonshire

[sharetalk] 08/3/2023 21:42

Oil stock followers may be interested UKOG drill Pinarova-1 end March 2023. Location already has oil seep and flow from above shallow stacked structures, to be drilled:

UKOG
1/3/2023

Turkey: Pinarova-1 well update

Highlights:

-- Drilling rig secured for new Pinarova-1 shallow oil exploration well (UKOG 50% interest) , designed to test shallow Eocene Hoya light oil prospect, of some 9 km(2) areal extent, 300-645m below surface . Pinarova lies beneath an active light oil seep found last summer in a seismic shot hole, 6 km north of the Company's Basur-1 oil discovery.

-- Site construction now expected to start in 7-10 days with an estimated duration of around 14-21 days, given good weather.

-- Drilling to a total depth of around 500-550m to directly follow site completion, currently expected around end March to early April 2023. Dependent on outcomes, expected drilling campaign duration up to 28 days.

-- The Company is fully funded to cover its share of the expected $0.4 million gross dry hole and $0.63 gross success case (tested and completed as an oil producer) costs.

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Resan JV (UKOG 50% non-operated interest) having secured a suitable small rig to drill the new Pinarova-1 shallow oil exploration well, now expects to commence site construction within the next 7-10 days. Site construction is expected to take approximately 14-21 days and, consequently, given no weather-related construction delays, drilling to a total depth of around 500-550m is expected to commence directly after site completion towards the end of March to early April 2023. The Pinarova-1 campaign is expected to take up to 28 days to deliver a well completed for future oil production.

As per the Company's 11(th) January 2023 release, Pinarova-1, located 6 km north of the Basur-1 oil discovery, is designed to test a working hypothesis, supported by well and seismic data, that the active 41.7˚API light oil seep found last summer in a seismic shot hole above the Pinarova structure (see RNS of 30 June 2022), is directly fed by and connected to an underlying light oil accumulation of some 9 km(2) areal extent within Eocene Hoya group limestones, 300-645m below surface.

The presence of movable oil within Pinarova is also indicated by results of the 2018 Kezer-1 shallow geothermal well, located near the apex of the Pinarova geological feature. Kezer-1 reported strong oil shows throughout the Hoya and is reported to have flowed heavily oil-cut fluids to surface on a short open-hole geothermal test.

The Company and its joint partner Aladdin Middle East consider Pinarova to offer similar potential success case outcomes to a Basur-4 appraisal well, but at much lower drilling and development costs and with a shorter time to execution and delivery.

Estimated gross Pinarova-1 drilling costs range from $0.4 million dry hole to $0.63 million tested and completed as a pumped oil producer. The Company has ample funds to cover its share of the planned drilling and testing campaign.

Stephen Sanderson, Chief Executive, commented:

"Pinarova's prospectivity, potential success case oil volumes and modest drilling costs make it an attractive stand-alone project that could, in the success case, deliver oil production in H1 2023. Given the positive shallow oil seep evidence plus the good light oil shows encountered within Pinarova by the Kezer-1 geothermal well, the new well will seek to establish if that oil is present in commercially viable saturations and volumes that can be pumped to surface. We look forward to the impending start of site construction and subsequent drilling directly upon its completion."


UKOG
6/3/2023

Pinarova-1 drilling update

-- Company granted Turkey's General Directorate of Mining & Petroleum Affairs' formal consent for Pinarova-1 well geological & technical objectives & design. GDMPA must receive notice of intended "spud" date 5 days before drilling spud, still expected around end Mar/early Apr 2023.

[isno] 08/3/2023 13:01

ITS WILL THEN EXPLODE BACK TO double digits easy in a bidding war

[veryniceperson] 08/3/2023 08:05

I'll agree with that hellscream. We could be lucky!

[hellscream] 08/3/2023 04:19

nice drop in sterling, hope it hits our dividend payment.

[stemis] 04/3/2023 19:20

If Zero CO2 was ever achieved every tree on the planet would die

If you think this is what is mean't by Net Zero then I'm afraid you've got hold of the wrong end of the stick...lol

[uncertain times] 04/3/2023 18:59

Yes, agreed.

[adg] 04/3/2023 10:57

The Scottish government have been out of control - their plans for transition (both energy and populations gender it seems) have been bizarre to say the least - orchestrated by Wee Jimmy Krankie and his/her comedy cohorts…

Perhaps some common sense is returning ?

[johnwise] 04/3/2023 10:22

"BP last month abandoned its pledge to cut its oil and gas output by 40%"


As Shell 'rethinks'...

Rapid decline of oil and gas ‘would raise emissions’

Accelerating the decline of Scotland’s oil and gas production will do more environmental damage and weaken the economy, according to a report commissioned by the Scottish Government.

The report warns that Scotland will need to “carefully manage” the transition to the low carbon sector in order to “minimise any negative impacts” on society and the economy.

Offshore Energies UK, which represents 400 companies involved in producing energy from gas, oil, wind and hydrogen, says the new analysis reaffirms the ongoing need for domestic production as Scotland transitions to lower carbon forms of energy.

The report is published as Shell’s new chief executive said he is considering ditching plans to reduce its oil output this decade, declaring that it is “not healthy” to cut production.

BP last month abandoned its pledge to cut its oil and gas output by 40% this decade, in favour of a 25% reduction, leading to a rally in its shares.

The Scottish Government commissioned Energy System and Just Transition report shows that Scotland gets 79% of its total energy from oil and gas. Across the UK, about 24 million homes (85% of the total) rely on gas boilers, 32 million vehicles run on petrol and diesel, and 42% of electricity comes from gas.

The report finds the industry isresponsible for a total GVA of £16bn to the North East, equivalent to 9% of total Scottish GDP in 2019.

Offshore Energies says the Scottish economy would lose £11 billion per year under existing Scottish Government transition plans.

“Scotland will be poorer under these plans and we cannot allow this to happen. Our brilliant skilled people, world class expertise, and unrivalled capabilities mean we are well-placed to realise a successful offshore energy future for Scotland.

“We have to get this right – 25,000 jobs, 98% of which are in the North East of Scotland, depend on this.


Video: Mark Levin sussed the government scam
The truth about global warming


If Zero CO2 was ever achieved every tree on the planet would die
VIDEO: A Dearth of Carbon Dr. Patrick Moore

[scruff1] 04/3/2023 07:43

UT 818
Depends who you believe - a journalist or a UAE official/politician - hard call

[uncertain times] 03/3/2023 19:38

You're welcome and it just goes to show how false (possibly deliberate) rumours can move a market.