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European commodity traders are scrambling to get as much Russian gas as they can under long-term contracts after spot market prices soared 60 percent in the wake of the Russian invasion of Ukraine yesterday.

As a result, Russian gas flows through Ukraine rose by 38 percent, according to the Ukrainian grid operator, Bloomberg reported, and will likely continue up in the coming days, too. Traders, the report noted, had already booked an additional 6.5 million cubic meters a day in pipeline capacity from Russia to Europe.
This is all happening and BP are the bad guy for investing in Russia

Tinker
There is cases in the past eg the napoleonic wars when confiscated estates etc where held in fund for common good and the repayment to those who lost out.
I suspect some of it also went to their pals just like today.
Not sure if there are more recent examples but sure someone will tell us.( suspect something similar happened after both World wars)
And just in case anyone asks no I wasn’t around then to see it.

BP bashing all the fashion just now.
You would think it would be better to ask BP what it can do to help?
Especially short term.

President Joe Biden's administration
resumed its record-setting sale of offshore wind development
rights on Thursday, with combined bids for six areas off the
coasts of New York and New Jersey stretching above $1.9 billion.

The auction, which began on Wednesday, is the first offshore
wind lease sale under Biden, who has made expansion of offshore
wind a cornerstone of his plans to tackle climate change while
building a new domestic jobs engine.

The U.S. Bureau of Ocean Energy Management (BOEM), which
oversees energy development in federal waters, is offering six
leases across 488,201 acres (197,568 hectares) between New
York's Long Island and New Jersey, an area known as the New York
Bight.
BOEM said 14 companies were taking part in the auction. The
website did not identify the companies competing for the leases,
but approved bidders included entities controlled by Equinor ASA
, Avangrid Inc, BP Plc and Eletricite de
France SA, among others, according to government
documents published last month.

Tinker I find it hard to understand all the shares that are marked down,there is always someone who wins but it’s certainly none of my shares

Bumble my memory of this is the same as yours.
If Russian government didn’t want BP part of Rosneft it would not have happened

Buffa
Very interesting take on things ,very well written.
If it was to happen as described,can only see that as positive for BP.
I long term thought if Russian gas and oil supplies now have a reputation problem,
maybe the way round is for BP to shipment Rosneft oil through the new pipeline,after everything settled( just a thought)

Tinker
Oil price up 13% since results day.
As you know that does not mean profits will go up by 13% .
It’s almost all profit.
Share price has dropped about 12% which is a massive boost for the buybacks.
BP just started a new field couple of days ago with 10,600 barrels per day of 104 dollar oil.
All other things will take a while to settle out.
I am very bullish long term,not sure how long the short term problems will last

Gary
That’s my main worry some on our side almost seem to be looking for this to escalate.
There was a time when it maybe was containable.
Now it Russia’s game ,Russia’s rules

Think it’s now a completely different world from the one which started 2022.
It will take time to discover the new normal.
Would assume no one will want to be totally dependent on Russia for energy ever again.
Not sure if will go as far as a new Cold War, but anything is possible with those currently in charge.
Unfortunately don’t feel there are any leaders ready to step up,but maybe someone will grow into the moment.
Definitely not a time for leaders to gamble.
It kind of sad when your only hope is that Russia only eats a little bit of Ukraine then gets indigestion.
Peace is very under rated, it’s only when you look back that often you realise that what you had was actually better than what you end up with ( example many of the Arab springs ended up at least as bad as before ,Libya even worse)
One positive is ,have been impressed with the posting on here as it’s been a bit of light in a dark day.

Agree with most posters
Think Russia has made a big mistake as now there is something to react to.
It was much harder to deal with when he was doing nothing.
His word is now shown to be worthless,and he will never be trusted again.
Hopefully it does not drag on with high losses.
Sad sad times ,especially after 2 years of covid.
Thoughts with Ukrainian people who’s only crime seems to be to live next to Russia

Agreed
Think some people should be very careful what they wish for.
These are very dangerous times.

Houston - bp today announced the safe and successful start-up of the Herschel Expansion project in the Gulf of Mexico. This is part of bp’s strategy to invest in focused and resilient hydrocarbons. Herschel is the first of four major projects scheduled to be delivered globally in 2022. Phase 1 of the Herschel Expansion project comprises development of a new subsea production system and the first of up to three wells tied to the Na Kika platform. At its peak, this first well is expected to increase platform annual gross production by an estimated 10,600 barrels of oil equivalent a day (boe/d).
It’s a 50/50 joint venture with Shell,
And it was delivered 5 months early
Good to see we are still in the oil industry

Slater I think you forget that anyone who bought below £2 find this stock very good
100% capital upside and a div of possibly more than 8%
What’s not to like, and potential up side not in buckets but barrels

Just having a look at market reaction to shares I hold
All my so called defensive shares are down,(Bt,Vod,Ulvr,NG,Kgf)
Yet BP with assets in Russia up, (I know it’s the oil price)
It’s never easy to predict the market.

Just saw an article which has activists protesting against BP sponsorship of British Museum.
They have a mock up picture of a drilling ring with BP on it right beside the stones of Stonehenge.
It’s that’s their level of protest it says a lot for them.
It’s rather childish and not going to convince many except maybe the stupid.
It won’t convince many BP shareholders to change
At least it will keep them away from BP’s real work

Yes and BP picked up almost 10% more share for their money compared to the high of a week ago.
If Russia only takes over security for those 2 areas hopefully in the long run will improve things for all there as it’s not been very stable for years.
Hope things then calm down until the next time Russia gets hungry

Thank Dan will try to remember that
Must try harder
Must try harder

That was not a go at you it was just how we have been caught with our Telecom stocks.
Still hoping we have last laugh on both BT and Vod as I still believe they have lots of up to go

Fleccy sometimes you end up drip feeding by accident.
You make your initial purchase then few weeks later it’s went down ,and is too cheap not to buy some more so in goes another £1000
Then a month later it’s went lower again and it’s just too good to miss, cos you still believe in it.and so on.
You have guessed it initial investment must have been a Telco