Member Info for meoryou

Https://www.azerbaycan24.com/en/bp-expects-first-low-pressure-gas-from-shah-deniz-field-in-mid-2029/

1)Protests have forced the shutdown of two crude oil export terminals in Libya after protesters demanded the move and authorities heeded the demand.

Per a Bloomberg report, the shutdown will begin later today at the Ras Lanuf and Es Sider terminals, with one tanker already canceling loading, according to unnamed local sources.

The protests this time are led by a group called the Oil Crescent Region Movement, which earlier this month demanded that the headquarters of five local energy companies be transferred to the western Libyan region that, as the name suggests, is home to most of the country’s oil industry.

The Oil Crescent Region Movement threatened to block production and exports at all five terminals in the region—and the country—if the National Oil Corporation did not fulfill its demands.

2) Oil output at Iraq’s giant Rumaila field remains reduced by 300,000 barrels a day after a fire last week, according to an official.

The timeline for a full recovery to previous levels of 1.2 million barrels a day is uncertain, said Mohammed Al-Najjar, Iraq’s national representative to OPEC. On Friday, the Oil Ministry reported it had extinguished the fire a few hours after it broke out at tank No. 2 at the DS5 station in North Rumaila.

The Rumaila field, one of the world’s biggest, is jointly operated by Iraq, BP Plc and PetroChina Co., and there are plans to bolster production to just over 2 million barrels per day by the end of the decade.

The supply disruption could bring Iraq further in line with the output cap it has agreed with fellow members of the Organization of Petroleum Exporting Countries, which has been restraining supplies in a bid to shore up crude prices.

Driftking

If BP does ever get its act in gear,and a sensible sp.

Then and only then buybacks will look an amazing bargain.

As I have said often I am very wary of buybacks above £5.

Because historically that has been bad use of capital.

However unfortunately it’s not a problem we have at present.

The UK-based pharmaceutical company Haleon will invest $54.2 million to upgrade its R&D facility in Richmond, which has helped birth or grow products such as Advil, Emergen-C and Robitussin.

In addition to the physical investments, Haleon, which spun off from parent company GSK in 2022, is launching the Haleon-Commonwealth Consumer Healthcare Internship Program for Advanced Life Sciences in partnership with Virginia Commonwealth University.

The five-year program is being supported by equal investments from Haleon and the state, according to the office of Gov. Glenn Youngkin, who met with Haleon leadership in London in July to discuss the project.

The new consumer healthcare-focused internship will provide paid opportunities for undergraduate VCU students in the school’s new Pharmaceutical Science degree program, as well as summer internships from undergraduate and graduate students from all of Virginia’s institutions of higher education.

“Haleon’s choice to expand its research capabilities and upgrade its Richmond facility strengthens the Commonwealth’s pharmaceutical sector and highlights why Virginia is America’s Top State for Business,” Youngkin said. “Virginia is a leader in healthcare innovation and this investment by Haleon underscores the Commonwealth’s pro-business environment.”

With roots in Central Virginia dating back to the 1960s, the company’s Richmond facility has specialized in research and development for decades. In recent years, the site has expanded its scope, growing headcount with 100 new team members since 2020.

Haleon Richmond site is home to its R&D Center of Excellence with critical technical functions collocated at the site including consumer science, formulation development, process scale up, analytical test method development, microbiology, product stability, packaging design, and clinical supplies.

“Today’s announcement is a significant milestone for Haleon,” said Haleon North America President Lisa Paley. “Our investment in the modernization of the lab space at our Research & Development facility is an investment in delivering on our mission of everyday health with humanity as well as the Richmond community

“We are further excited by our partnership with the Commonwealth to co-fund a five-year paid internship program, with the State of Virginia to build Richmond as a Life Science Hub and develop the future workforce. Haleon is proud to give back to the community we call home,” Paley said.

I’m assuming that the buybacks will be at a lower rate after next months announcement.

If not one day you could be one of the select few to own the last few thousand shares left.

With market cap £ 67 billion and only a few thousand shares left they just might finally be worth something worthwhile.

The main benefit from the buybacks have been that dividend pot has stayed very roughly the same, but payout to shareholders has been increased due to less shares to pay dividend to.

All other benefits of buybacks are argued about endlessly on here from time to time.

With some for and some against.

If you decide to read this keep scrolling past the graph for the rest of the article

Https://www.raconteur.net/finance/when-did-the-london-stock-exchange-lose-its-lustre

Https://www.rigzone.com/news/bp_solar_farm_in_texas_starts_delivery_for_exxonmobil_petrochemical_plant-27-jan-2025-179441-article/

baku. jan 24 (interfax) - construction of the 240 mw sha*** solar power plant in azerbaijan's jabrayil district will begin this year, bakhtiyar aslanbayli, bp's vice president for the caspian region, told reporters.

"an investment agreement was signed for sha*** spp in november 2024, in the framework of cop29. the site for the plant has already been cleared and the certification process remains. the feasibility study is also ready. the final investment decision is expected to be made this year. the physical construction of the plant will also begin this year," aslanbayli said.

he said that following the investment decision, contracts would be concluded and equipment selected, and depending on this, the start and completion dates for the station's construction would be clarified.

the groundbreaking ceremony for the $200 million sha*** solar power plant took place on november 12, 2024. two documents were signed: an investment agreement between the government of azerbaijan and sha*** (jabrayil) solar limited (sjsl) and a land lease agreement between the azerbaijani energy ministry and sjsl

it is expected that the solar power plant will generate 500 kwh of electricity per year, saving 120 million-150 million cubic meters of gas and cutting carbon emissions by 260,000-330,000 tonnes per year.

bp plc , socar green and azerbaijan investment company (aic), forming the new sha*** (jabrayil) solar limited (sjsl) joint investment vehicle for the sha*** solar power plant at the beginning of october. bp will own 50.01%, state oil company of the azerbaijani republic (socar) - 39.99% and aic - 10%.

azerbaijani president ilham aliyev has said the sha*** spp would provide electricity to the sangachal oil and gas terminal and export the gas made available to europe. this gas is currently used to generate electricity at the terminal itself for internal needs.

the azerbaijani energy ministry and bp signed an executive cooperation agreement on june 3, 2021 on the assessment and implementation of a project for the construction of a 240 mw capacity solar power plant in the jabrayil region. the socar and the azerbaijan investment company signed an agreement with bp to join the sha*** spp construction project on september 21, 2023.

Since there have been a few bits of advice, here are some tongue in check bits of advice.

1) learn from others mistakes, it’s cheaper than learning from your own.

2) don’t keep repeating the same mistakes expecting a different outcome.

Although obviously that’s exactly what we are doing with Hbr.

3) look for investments with rising div payments

But be aware yields are a historical measure, and have no real meaning going forwards.( a fantastic yield may only be due to a falling sp because of profit warning).

4) never stop learning

5) investing is meant to be fun ( even though it’s a very serious business).

6) give the tax man as little as legally possible

For too long oil companies have been the “ Magic Money Tree”

You shake to make money.

First you tax, then you wind fall tax ,then you litigate.

It’s nice to see them fighting back.

And even more importantly “ WINNING “

Https://www.cio.com/article/3809803/modernizing-bps-application-landscape-with-ai.html

Two climate misinformation lawsuits against BP PLC, ConocoPhillips, and other companies were dismissed Thursday by a Maryland state judge, who took cues from other state judges who quashed similar cases in recent months.

Judge Steven I. Platt of the Circuit Court for Anne Arundel County, Md., denied oil company bids to dismiss the case in May 2024, but decided to side with them in this new round of motions to dismiss.

“Upon further review, this Court is now persuaded that the logic of the disposition and the authorities cited by Senior Judge Videtta A. Brown ...

Https://www.snowfoxdiscovery.com/impact

More info on company

BAKU. Jan 24 (Interfax) - BP plans to begin production of the first deep gas from the Azeri-Chirag-Gunashli (ACG) offshore Azerbaijan block later this year, Tamam Bayatli, chief spokesperson for BP in Azerbaijan, told reporters on Friday.

"Drilling of the first production well, which began from the Western Chirag platform last year, is ongoing. The completion of drilling is expected in the second or third quarter of this year. However, even after drilling is completed, the well will not be immediately put into operation, as it will require work to connect it to the existing infrastructure that ensures the transportation of gas to the shore," she said.

This will involve the installation of a significant amount of equipment on the platform, which will take some time," Byatli said.

"So the first deep gas can probably be expected by the end of 2025," she said.

BP's regional president for Azerbaijan, Georgia and Turkey, Gary Jones said in June last year that the company expected to obtain the first deep gas from ACG at the start of 2025.

The shareholders of the project to develop the ACG block signed a second addendum to the September 14, 2017 production-sharing agreement on September 20 last year. Under the addendum, the companies will move ahead with the exploration, appraisal, development and production of non-associated gas at the block.

The addendum is effective until the end of the existing PSA in 2049. The participating interests of the parties in the deep gas project are the same as in the existing PSA.

ACG's non-associated gas resources are believed to be up to 4 trillion cubic feet or around 112 billion cubic meters in place.

Production will initially total about 0.5 bcm per year. Gas from the first well will be sold to SOCAR.

The contract for the development of the Azeri, Chirag and Deepwater Gunashli fields was signed on September 20, 1994 and expired in 2024. However, in September 2017, a new contract for the development of the ACG block to 2049 was signed.

BP has a 30.37% stake in the project and SOCAR holds 31.655%. The other parties are Hungary's MOL with 9.57%, ExxonMobil with 6.79%, ONGC Videsh with 2.925%, Japan's Inpex and Itochu with 9.31% and 3.65%, respectively and Turkey's TPAO with 5.73%.

Rest is behind a paywall.

But really got my attention

BP’s venture-capital arm has led the Series A financing round for natural hydrogen start-up Snowfox Discovery, which also saw investment from mining giant Rio Tinto and investment firm Oxford Science Enterprises.

The Oxford-based start-up had been spun out from academic work by Professors Chris Ballentine and Mike Daly from the University of Oxford and Professor Jon Gluyas from Durham University, who remain scientific advisors to the company.

Little information has been disclosed by Snowfox on what its technology does and whether it will be directly involved in drilling for H2 or if it will play more of a support role, such as via subsurface imaging.

Morning Jakers

There is a lot going right.

Think unless the oil price really does plunge we have seen the worst for now.

I think Murray really has to have a bold new strategy.

Whatever it is.

It’s got to show imagination,and appear sensible.

Not just a reaction to a low sp.

Just tinkering with buyback,div, and renewables is not going to cut it.

It had to show where we will be in 5 years.

And it has to be sold to the market.

With real PR

Haleon’s Charles Leslie shares emerging trends in consumer healthcare

https://gulfbusiness.com/haleon-exec-on-trends-in-healthcare-and-hpmi/