Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
“Jet Fuel Demand Fails to Catch Up with Flights. As newer generations of passenger aircraft become more fuel efficient, the recovery in flight activity will most probably not lead to jet fuel demand surpassing pre-pandemic levels as the IAE forecasts kerosene demand to rise to 7.4 million b/d, still a far cry from 7.9 million b/d in 2019.”
From oilprice.com
The reason Rumaila flares the gas is because ROO does not have the gas contract. That was given to Shell.
Apologies Spights.
https://www.offshore-energy.biz/aker-bps-north-sea-field-comes-on-stream/#
Hi Mark your link is not working
A very good morning :))))))))
https://www.prnewswire.com/news-releases/aker-bp-hanz-on-stream-302123027.html
Charles Kennedy
CHARLES KENNEDY
Charles is a writer for Oilprice.com
More Info
SHARE
Facebook
Twitter
Linkedin
Reddit
RELATED NEWS
Soaring Russian Oil Imports Drag OPEC’s Market Share in India to a Record Low
EU Regulator Claims Europe Can’t Afford to Ditch Russian LNG Yet
JP Morgan Warns of Delay to Global Energy Transition
FBI Warns of Risk of Chinese Hack Attack on Energy Infrastructure
Oil Prices Surge as Israel Carries Out Airstrikes on Iran
Evacuation Warning Issued as Wildfire Nears Oil Sands Hub in Canada
By Charles Kennedy - Apr 22, 2024, 2:30 AM CDT
A wildfire in the vicinity of Fort McMurray in Alberta has prompted the local authorities to issue a warning that local residents must be ready to evacuate if the fire continues expanding.
That’s according to Bloomberg, which reported that the fire was raging near a town 25 miles from Fort McMurray. The report recalled that eight years ago another wildfire forced the evacuation of tens of thousands of locals and the suspension of some 1 million barrels of oil in daily production.
There were production shut-ins in Canada last year as well, because of wildfires. In March of that year, over 300,000 bpd of daily production were shut in because of the fires, representing 3.7% of total output. At the time, there were 110 active wildfires across Alberta, of which 36 were out of control.
Some of these fires are still burning, according to government data, with media labeling them “zombie fires”. These appeared to have remained alive even during the winter, burning below the snow thanks to the abundance of peat moss.
Zombie fires are nothing unusual but, according to some reports, their number this year is the unusual part. According to a BBC report from February, most zombie fires die out by spring but this year, January saw 106 of them still active.
This has prompted worry about an even more devastating wildfire season in Canada although some of them were linked to arson.
Last year, wildfires began subsiding by early May, helped by spring rains. However, Rystad Energy warned at the time that nearly 2.7 million barrels per day of Alberta oil sands production was in “very high” or “extreme” wildfire danger rating zones in the month of May. Alberta produced some 3.8 million bpd in total over most of 2023. In November alone, the daily average rose to an all-time high of 4.2 million barrels daily.
Good Monday morning all
Today's early news
Aker BP’s North Sea field comes on stream
https://www.offshore-energy.biz/aker-bps-north-sea-field-comes-on-stream/?s=03
I wonder if Cliff D’Arcy of Fool is a distant relative of Knox D'Arcy?
Https://uk.finance.yahoo.com/news/middle-east-crisis-bp-share-060500303.html
WP
Thanks for the recommendation will get for next Holiday.
There is now a copy of The World for Sale in a hotel in Spain just waiting on its next reader.
If boris hadn't wasted 100bn on a useless railway pensioners could have a large increase which most have deserved. Not to mention the billions wasted by a useless westminster laughing stock.
WP - Blood and Oil is excellent. MOY The World for Sale will be read soon, but it has not happened yet!
I quoted the Wrong book- I meant “blood and oil” by Bradley hope
Not targeted at anyone just thought bp nailed it on the head when it made clear it was higher than the UK increase 😂
Wow you blew through that! Holiday must have been relaxed! Glad you enjoyed, I can also recommend “dying for oil” - it’s about MBS, quite the eye opener
Https://oilprice.com/Energy/Crude-Oil/Big-Oils-Carbon-Capture-Conundrum.html
WP
No grumbling here.
“Finished The World for sale”
Last night, an interesting read thanks
Perfect. Pensioners always be wanting more for nothing.
In this regard, it is notable that the 5% increase on pensions exceeds the salary increase awarded to UK employees and is only marginally less than the December 2023 RPI figure. Moreover, over the last ten years bp pensions have increased by more than the increase in the consumer price index (CPI), which is used by the government to calculate the cost of living
Hi Mark
It’s certainly a growth industry
“Right now, we have 15 landfill sites. Today, seven of those sites have landfill gas energy projects with two more coming on in the near future,”
With humans ( especially Americans) there will always be plenty of trash.
Hi meoryou
I recall the concerns over the premium that BP paid for AE in late 2022. Around a 40% premium at $4.1b ( $3.3 + debt ) and negative commentary at the time over Looney’s strategy and acquisitions. I suspect that in time this acquisition will be seen as a great deal.
It may surprise those who want BP to dump the transition agenda and stick to O&G that BP's European and US peers are also investing in Biofuels and making there own and acquisitions. This is a growth industry with plenty of demand going forward and BP have positioned themselves to benefit for years to come.
The old saying "Where there's muck there's brass" comes to mind.
Have a brilliant weekend.
Mark
Moniman, I'm reporting late for duty here today so commenting only now !! Anything written on these Boards doesn't effect the share prices, especially that of a company of BP's size. Also, I agree with what MarkGo said about spights as I've always found her a decent polite informative contributor to this Board.