Member Info for meoryou

Https://www.bp.com/en/global/corporate/investors/upstream-major-projects/upstream-major-projects.html

Https://oilprice.com/Latest-Energy-News/World-News/ADNOC-Gas-Targets-80-Habshan-Recovery-by-End-2026.html

Current yield is 4.57%

Another good read

Https://oilprice.com/Energy/Energy-General/Why-Bernie-Sanders-Is-Wrong-About-Gas-Prices.html

When you look on here at the trading some of it appears to be older trades going through at previous price giving either a swing up or swing down.

These trades can be 2 hours old so why are they suddenly appearing.

If already old should they not appear at end of day.

Someone truly playing games.

Harmonica

That’s the fun of trying to read Trump and Iran ,it’s next to impossible

Is it just me or does it feel like this time it might be the start of the next phase( whatever that is).

It’s like they both would like to hurl insults and the odd shots fired,but maybe not escalate to much.

Unless Trump does his usual senses weakness and starts something.

It’s been the hardest to read situation possibly ever.

But could be the first weekend of the conflict when oil prices don’t surge heading towards Monday morning.

No predictions here,just trying to see if there is any sense in a chaotic situation.

We shall see how events progress.

Https://www.bp.com/en_id/indonesia/home/news/press-releases/Tangguh-UCC-UBA-Jacket-completed-and-ready-for-sail.html

Clued

It’s a circular economy,make sure you keep the donkey poo.

It could be in short supply for a while.( along with fuels).

Wonder which local authority is first with donkey lanes

Wonder which supermarket will be first with donkey spaces

Mike

From original offer

On completion, LLOG Holdings LLC will own 11 percent of Harbour's listed voting ordinary shares with Harbour's current shareholders owning 89 percent (such percentages subject to adjustment resulting from Harbour's current share buyback programme which is expected to complete in the first quarter of 2026). Of the voting ordinary shares issued to LLOG, 70% will be subject to a one-year lock-up following completion of the Acquisition

Eni and BP have made a new offshore natural gas discovery in Egypt’s Nile Delta region using advanced directional drilling technology from an onshore location.

According to the report, the discovery follows the drilling of the Nidoco N-2 exploratory well in the West Abu Madi concession area, operated by Eni in partnership with BP and the Egyptian General Petroleum Corporation (EGPC) through Petrobel

According to Egypt’s Ministry of Petroleum and Mineral Resources, the discovery is expected to produce approximately 50 million cubic feet per day (cf/d) of natural gas.

The well is located around 3km offshore in shallow waters with a depth of approximately 10 metres near Kafr El-Sheikh Governorate.

Operations were conducted using directional drilling technologies from an onshore drilling site, a method aimed at reducing costs and improving operational efficiency.

Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, visited the EDC-56 drilling rig that carried out the drilling operations and said the discovery reflects growing momentum in Egypt’s upstream sector

Badawi said ongoing efforts to settle outstanding dues owed to international energy partners have strengthened investor confidence and encouraged increased exploration and production activity.

“This highlights the state’s commitment to strengthening partner confidence and fostering an attractive investment environment,” the Ministry said.

The Ministry added that the regular settlement of dues has encouraged operators to expand drilling programmes, increase production and invest further in mature field development.

The Nidoco N-2 well is located less than 2km from existing production infrastructure, allowing for rapid connection to nearby facilities and accelerated early production.

Officials said the proximity to existing infrastructure is expected to improve capital efficiency while supporting domestic gas supply requirements.

The discovery also marks another exploration success for Eni in Egypt, coming just one month after the company announced a separate gas and condensate discovery offshore the country.

Egypt continues to position natural gas development as a central component of its energy strategy amid growing domestic demand and regional export ambitions.

Would definitely have to advise if a material difference in BASF %.

Especially as is the major shareholder.

Would assume each purchase would be meaningful rather than continuous smaller purchase like buybacks.

Also not sure if there would be a 90 day lockdown between purchases.

We all seem happy with the results ( and so we should).

Cannot see where the market can find a negative.

But it’s what the market decides that counts.

Won’t be long till we find out.

Https://www.energyvoice.com/renewables-energy-transition/ccs/597054/bp-to-sell-major-stake-teesside-carbon-capture-project/

Citi believes BP PLC (LSE:BP.) could be entering a decisive summer of deal-making, with potential asset sales worth around US$15 billion giving the oil major fresh momentum before a likely autumn Capital Markets Day.

The broker, in a note, pointed to press reports that BP is looking to sell its residual UK upstream position, supporting its view that “the coming few months could see several asset transactions” as the oil company’s new chief executive moves to reshape the group and further reduce leverage.

Citi said the timing could be important, with transactions potentially landing before a Capital Markets Day it expects to be held in September or October.

“In theory, the current energy crisis should make for a good environment for BP to be a seller of non-GCC oil and gas assets,” analysts said.

The bank looked at four possible transactions that have either been referenced by BP or linked by press reports. Together, Citi estimates these could represent “perhaps around $15 B of net value”, equivalent to about 10% of BP’s current enterprise value or one-third of its net debt

Just looking at Crude futures prices over the last month.

6 different events where prices moved significantly.

Would hope BP Trading made a lot of cash again

Interesting article.

I know it’s BP but still also relevant to Hbr

Https://discoveryalert.com.au/bp-north-sea-exit-78-tax-rate-ukcs-2026/

Hi Spights

This one on EU is not much better.

It’s the strange logic applied that we won’t produce oil.

But someone else better because we are still going to use it.

And we hope world events won’t cause an upset to our plans.

If you need gas and oil and you have it ,produce it as environmentally friendly as you can,because you have no control over how someone else produces it.