Bp Share Discussion Threads

[kpe] 14/10/2024 15:10

So sorry mister, perhaps I could offer you some free gifts......the press tells me you lot are partial to some freebies.

[ball deap] 14/10/2024 14:09

Watch the lip !! I know people in the Labour Party.

[waldron] 14/10/2024 14:07

Sogo extends carbon compensation scheme with BP Target Neutral

By Gareth Roberts
FLEETNEWS
|
14 October 2024

Sogo is extending its carbon off-setting scheme and has renewed its carbon credit offer with BP Target Neutral.

It purchases carbon credits to help compensate for the carbon emissions every mile driven in its petrol, diesel and hybrid vehicles.

Shirley Steele, national key account manager at BP Castrol, said: “Sogo’s pioneering approach in the fleet industry has set a new benchmark.

“Together, we can help companies to compensate for their vehicles’ carbon emissions to achieve their environmental goals.”

Since 2021, the initiative has seen BP Target Neutral mitigate almost 30,000 tonnes of C02.

Lee O'Connell , sales director at Sogo, said: “Our offer with BP Target Neutral ensures that we can access high integrity carbon credits from a global company so that our customers can have confidence that the projects behind the credits are delivering genuine carbon reductions.”

He concluded: “Sogo set out their responsibility to transform how fleets think about ESG and net zero.

“By choosing Sogo, you're not just getting a vehicle provider, you're joining us on a journey towards a more sustainable future.

“Our flexible leasing model ensures fleets can always operate the newest technology with the latest safety features. Now, with our longer-term leasing offer, there is still the opportunity to swap to a more sustainable vehicle within the lease term.”

[waldron] 14/10/2024 12:42

NEXT DIVI


Ex-div date 07 Nov 2024 (Thu)


Pay date 20 Dec 2024 (Fri)

[putinaire] 14/10/2024 11:47

Looking forward to all the pending downgrades post audited results, brokers to ratings @SPGlobal & Fitch lol

[putinaire] 14/10/2024 11:46

What more can be said that wasnt said at 500+ really by the tools

[kpe] 14/10/2024 11:43

What an absolute tool......say no more.

[maywillow] 14/10/2024 10:11

BP. Bp Plc

407.25 -2.20 (-0.54%)

Last Updated: 10:54:55

[ball deap] 14/10/2024 10:06

I am a Labour Party activist just so you know. Sir Kier is doing an amazing job you fkn peasants. You're all too fat to walk properly what do you know.

[putinaire] 14/10/2024 09:12

Everything is against it. Everything. I suspect a major tank week within 2. I cant see them having much more selling to do since 500s. Once they are done?

PI price coming

[putinaire] 14/10/2024 09:10

Be 220s without world aid, today

Going to be slaughter. Its being dealt like an AIM share. Carbon copy

[putinaire] 14/10/2024 09:08

Ukraine, Isreal, now China

The world has tried everything to help BP.

Failed

Going to be brutal as reality kicks in on what the real share price is for maker once offloads done

[dudishes] 14/10/2024 03:13

Just one snag there, no realistic cost to BG. Just look good kicking the ball about?

[waldron] 14/10/2024 02:19

Written by:
Jonathan Jackson

Proactive Australia


Last updated: 11:51 14 Oct 2024 AEDT, First published: 11:43 14 Oct 2024 AEDT


BP forges ahead with Australian hydrogen plans despite market challenges

In September this year, global energy giant BP and Iberdrola approved the construction of a 25 MW green hydrogen project at BP’s Castellón refinery, which is scheduled to become operational in the second half of 2026.

The partnership marks the first joint hydrogen project undertaken by BP and Iberdrola through their equally owned joint venture, Castellón Green Hydrogen S.L. The project was officially announced during a ceremony commemorating the July 2024 signing of the final investment decision.

The initiative includes collaboration with the Technology Institute of Energy (ITE).

The project has secured €15 million (A$24.3 million) in funding from the Spanish Recovery, Transformation and Resilience Plan, under the European Union’s NextGenerationEU program. The funding was granted through the Innovative Value Chain and Renewable Hydrogen Knowledge initiative.

BP sees this as a key investment in its hydrogen business and its commitment to selecting high-value projects.

In particular, BP has a heavy interest in hydrogen at a time when the Albanese Government is promising billions of dollars to turn Australia into a leading supplier of green hydrogen.


BP’s hydrogen focus

BP remains committed to advancing hydrogen projects globally, as the world intensifies efforts to combat climate change.

The company is backing projects in Australia, Germany, Spain, the United States and Britain, asserting that hydrogen will play a “crucial role” in decarbonising hard-to-abate sectors like heavy manufacturing and minerals processing, which cannot simply transition from coal or gas to lower-carbon electricity.

Additionally, hydrogen could eventually store green energy, potentially enabling exports via specialised ships. Provaris Energy Ltd (ASX:PV1, OTC:GBBLF) is developing a proprietary gaseous hydrogen containment tank designed for use in carriers and storage solutions.

The designs for the H2Neo (430-tonne capacity), H2Max (2,000-tonne capacity) and H2Leo storage barge (300 to 600-tonne capacity) are progressing toward final marine classification and approval, alongside comprehensive safety studies.

The H2Neo, which is based on a standard Medium Range (MR) tanker, features two integrated tanks that store hydrogen at a maximum allowable operating pressure (MAOP) of 250 bar. A US patent has been filed for the cargo containment system and its integration into the vessel's hull.
Three renewable hydrogen projects

BP spokesperson highlighted the company’s focus on green hydrogen. Its initiatives aim to produce 'green hydrogen', generated through renewable energy that splits water into hydrogen and oxygen, resulting in zero emissions. Most hydrogen produced today, termed 'grey hydrogen', involves processes that emit carbon dioxide.

BP is driving three significant green hydrogen developments in Australia, including the Australian Renewable Energy Hub, a 26-gigawatt facility in Western Australia’s Pilbara.

This project spans 6,500 square kilometres and integrates wind turbines, solar panels, green hydrogen and green ammonia.

Additionally, BP is working on a 14-gigawatt wind and solar initiative in Geraldton and the H2Kwinana hydrogen hub, located at the site of its former oil refinery in Perth.

Engineering on the H2Kwinana hub began last year, with support from A$70 million in federal funding. The project is shortlisted for a share of the government’s 'hydrogen head-start' subsidy of A$2 per kilogram, alongside A$6.7 billion in tax credits aimed at boosting clean fuel competitiveness.
Challenges ahead

Origin Energy recently withdrew from a significant hydrogen production project in Newcastle, adding to growing concerns over the economic viability of green hydrogen in Australia.

Other companies have also faced setbacks, including Woodside, which withdrew its application for a hydrogen project in Tasmania, and Andrew Forrest's Fortescue, which paused its 2030 production targets due to high costs and energy demands.

Origin’s Newcastle project, launched in 2022 in partnership with Orica, aimed to develop a $207 million hydrogen hub to replace gas feedstock at Orica’s Kooragang Island ammonia plant, with production slated for 2026.

Despite being one of Australia’s most advanced hydrogen projects and shortlisted under a government scheme, Origin deemed it too risky due to the slower-than-expected market development and challenges with input costs and technology.

Orica remains committed to the project’s strategic potential in the Port of Newcastle and is open to exploring partnerships with other stakeholders.

Meanwhile, BP highlighted that government support, renewable energy access and critical infrastructure were essential for scaling green hydrogen projects in Australia.


Backing hydrogen

Energy Minister Chris Bowen stated that the Federal Government’s hydrogen incentives are expected to unlock approximately $50 billion in private investment.

“Government support in developing Australia’s hydrogen opportunity provides additional certainty for projects,” Bowen said. “However, how they progress remains a commercial decision for the parties involved.”

While Fortescue has paused its ambitious target to produce 15 million tonnes of green hydrogen by 2030, it remains committed to commercialising the technology. The company now plans to prioritise four green hydrogen projects across Australia, the United States, Norway and Brazil, with further projects planned in Morocco, Oman, Egypt and Jordan.

The broader hydrogen industry in Australia continues to progress.

More than 50 companies are advancing hydrogen-related investments in Australia, reflecting the ongoing interest and support for the hydrogen sector, even amid the challenges posed by high costs and infrastructure needs.

[dudishes] 14/10/2024 00:34

418.5 short remains in force.

Not sure exactly what my French friends have in mind.

If I'm wrong tell me why. At £50pp no big deal.

[putinaire] 13/10/2024 19:02

Sachs looool

Metro Bank 1600p

Buy

[putinaire] 13/10/2024 19:01

What you mean gives a buy rating? never changed it

[la forge] 13/10/2024 18:56

BP : Goldman Sachs gives a Buy rating


October 11, 2024 at 02:54 pm


Goldman Sachs analyst Michele della Vigna maintains his Buy rating on the stock.

The target price remains unchanged at GBX 580.