Bp Share Discussion Threads

[gibbs1] 27/10/2024 10:23

Eni and BP resume their work in Libya.

Pulbished on: 2024-10-27 11:19:37
lanagovt.il

Tripoli, 27 October 2024 (Lana) The National Oil Corporation (NOC) announced yesterday that the Italian company "Eni" and the British company "BP" have resumed their exploration activities in Libya after a halt in drilling operations in the onshore area since 2014.

It confirmed that the Spanish company "Repsol" is preparing to resume drilling operations in the "Murzuq" basin, while the Austrian company "OMV" will begin its activities in the "Sirte" basin in the coming weeks.

According to the NOC, “Eni” began yesterday implementing its exploration activity in Area “B” (96/3) in the Ghadames Basin, where the first exploration well “A1-96/3”; (Moamel Al-Hashem) was drilled.

This well is the first within the contractual commitment in Area “B” in the Ghadames Basin, according to the fourth type contracting agreement of 2007. “Eni” operates the area in partnership with BP and the Libyan Investment Company.

For its part, Mellitah Oil and Gas Company is supervising the drilling operations and implementing all activities of this well, due to its extensive experience in the region after operating and developing its Al Wafa field.

According to the NOC, a group of geological formations will be tested in the well, which are expected to contain oil and gas, and the final depth of the well is expected to reach about 10,327 feet (3,147 meters).

=Lana=

[putinaire] 27/10/2024 09:42

unless some other major event occurs soon, Brent will be trsding below the acceptable level for BP's buyback programme and yield levels. Although I think that's been a full on target with macro outlooks regardless of events.

I cant see BP having any major support anywhere in the 300s whilst they burn that double barrel cash outlay

[dov] 27/10/2024 08:14

Surely an attack on the energy infrastructure have already been factored in I believe Israel had already indicated it would not be going in that direction

[hellscream] 27/10/2024 05:05

ill say oil down 6% and bp down 15p on monday.

£3.50 the bottom before big players pushes back to £5.

[investtofly] 26/10/2024 16:32

True, every time we poke our nose into anything, we pay for it in the long run.

[putinaire] 26/10/2024 13:20

And Biden would have been more stern days from election example the 30 day warning on arms supplies

[putinaire] 26/10/2024 13:18

Looks like thats the new gap down then



The odds of Israel attacking crude were always poor. Global sentiment killer, wherever they have it.

I thought a strike on uranium facilities was on the cards but then again, they are getting more than they bargained for just dealing with Hezbollah at the mo

[putinaire] 26/10/2024 13:15

Personally i love peace, unless i need a war

[putinaire] 26/10/2024 13:14

i thought you lot would have hoped to have seen crude fires all over Iran

[teddy100] 26/10/2024 10:19

Israel is done for now, providing Iran do not retaliate. If stays like this until Monday, the POO is going down in the short term.

[oneillshaun] 26/10/2024 07:46

Let's see if they just stop with military targets, I have a feeling they will a hit a few oil plants next, if so the oil price is going to soar.

[supermarky] 26/10/2024 07:11

If Israel has only hit military targets in Iran, is this bad for oil?

[veryniceperson] 25/10/2024 08:53

That was a good post. Totally agree with you. Ms. Reeves is well above her pay grade, and the markets know that to. Going for growth, don't make me laugh.Anyway, BP results next week. Hope they are OK, ish

[putinaire] 25/10/2024 08:19

It's not like nobody can short market anyway so it's not like it really matters

[putinaire] 25/10/2024 08:15

True. But you also have to surely accept the country is crumbling re infrastructure. If no gov is willing to invest in it's renewal, what then? Already 300 years behind half of the east. Got to put markets aside on this one, and just rebuild

[penandnen] 25/10/2024 08:12

Good luck with that notion. Treasury yields are already higher than Truss unfunded budget stuff. Marxists will lie to you claiming government investment will get a higher return than borrowing costs. Markets do their sums differently!

[putinaire] 24/10/2024 20:12

Good to see borrowing will occur for infrastructure, if spent right. Country nearly back in the crumble stone age. Needed that assurance to get foreign money in i guess

[putinaire] 24/10/2024 12:59

One can only assume, given markets overall, you lot are dumping here before the next little bang down. Lucky just to be getting the ponder extra days imo

[abc_001] 24/10/2024 12:58

Q3 results coming next week

[veryniceperson] 24/10/2024 07:14

Value will have to come out in the end. It's hard on us long-term, dividend holders, but a low share price is great for buybacks and eventually us for dividend increases. I guess patience is needed.

[hellscream] 24/10/2024 04:06

yeap wonder how long we gotta wait till the market starts to take notice of the reduced share count.

S.P were £5 with 21.5 billion shares 5 years ago.

company was worth $200b 20 years ago, nevermind the 100% inflation we had too.

[nellynell] 23/10/2024 22:08

Speaking of buybacks according to my calculations that's over 1 billion shares repurchased this year. The total share count will drop below 16 billion before the end of November at this rate.