Member Info for meoryou

Tawse57

Why would the CEOs of the companies in US who frack want to drive down the price of oil.

It’s in their interest to not go into over producing.

No matter if Trump does get in ,they won’t suddenly decide lower oil prices is what they want.

Several COEs have been on saying exactly that.

That whoever gets in will not change their investment strategies.

Https://news.az/news/bp-and-its-co-venturers-spend-582m-on-shah-deniz-capital-expenditures-in-2024

Bp is No. 7 on CSP’s 2024 Top 202 ranking of U.S. convenience-store chains by total number of company-owned stores.( July this year).

The energy giant is aiming to double its convenience gross margin to $1.5bn by 2030 .

That’s a lot of non oil price related profits going forward.

Https://oilprice.com/Latest-Energy-News/World-News/Last-Minute-Hurricane-Could-Disrupt-4-Million-Bpd-in-Gulf-Oil-Output.html

Https://www.cstoredive.com/news/bp-private-label-line-epic-goods/731904/

BP’s Murray Auchincloss also talked about the potential for growth in biofuels. BP has invested in landfill gas in North America, he noted. “Across the world, the part that looks the most interesting to me is building these biofuel value chains.”

Investments in biofuels, such as BP’s Brazilian investment, can “give something distinct that gives a tremendous platform for growth”. These assets will produce “for decades to come without decline,” he noted. “We can then take those [biofuel plants] and put them into our trading networks and create a really durable profit centre.”

Biofuels can also provide energy security, Eni’s Claudio Descalzi said. Describing the European refining business as “very bad”, he called for a need to diversify.

“We have to do something that is strong and robust, and doesn’t rely on subsidies or incentives. Biorefineries are working,” he said. “It creates a strong profitable business that justifies the transition and not relying on oil.”

Start-up of BP’s challenging Greater Tortue Ahmeyim liquefied natural gas project offshore Senegal and Mauritania is due this quarter.

The development has been bedevilled by delays and cost overruns but now appears to be closing in rapidly of first production.

According to partner Kosmos Energy, ”cool down and commissioning” of the project’s floating LNG vessel has started, with first LNG “expected around the end of the fourth quarter of 2024.”

It is unclear, however, if this is the date when the first LNG export cargo will be sent to market or whether this is when LNG production starts.

In addition, the first batch of four development wells has been completed, said Kosmos, with expected production capacity significantly higher than is required for first gas.

Work on a hub terminal — which comprises the 2.5 million tonnes per annum FLNG vessel and various utility structures situated behind a concrete breakwater — has been handed over to operations, while the subsea workscope for first gas is mechanically complete.

In addition, said Kosmos, the project's floating production, storage and offloading vessel is ready for startup shortly.

The FPSO will separate produced gas from liquids, before exporting this gas to the FLNG vessel.

Hi Mark

All fine,hope you also.

Think the world holding its breath and watching what happens next.

So many places to worry about.

We only have dumb politicians to worry about in UK.

Which weirdly makes us lucky

One thing for sure.

Tomorrow there will be Fireworks!!

Https://fashionunited.uk/news/business/h-m-group-partners-with-lightsource-bp-to-build-solar-farm-in-texas/2024110478363

WP

I believe future me will only spend it on holidays, so either way you will get a holiday.

WP

£25k would be at least 5,000 shares, couldn’t see BP being that generous.

I would have thought half that number of shares would still be too generous for BP to have awarded.

Enjoy them when you get them.

That will be next year’s holiday taken care of.

More background information ( without really telling us what we want to know ie how much will it cost)

Exclusive: BP offers employees shares in rallying cry for low-carbon shift

https://www.reuters.com/article/business/exclusive-bp-offers-employees-shares-in-rallying-cry-for-low-carbon-shift-idUSKBN2AH018/

Https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/investors/bp-directors-remuneration-report-2020.pdf

Jakers

Like everyone else ,I’m struggling to remember that far back, but there is a feeling at the back of my head that at that time due to covid and negative oil price. there was a pay freeze, and therefore an award of shares in the future instead ,could take care of itself later.

Maybe someone has a better memory?

Https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/investors/bp-third-quarter-2024-results-qa-transcript.pdf

Page 10 is Q and Answer

BP and EOG look forward to first gas as countdown for sail-away of its new offshore platform begins

https://www.offshore-energy.biz/bp-and-eog-look-forward-to-first-gas-as-countdown-for-sail-away-of-its-new-offshore-platform-begins/

LeeRex agreed

It’s not a smart buyback in any way.

Maybe the rules prevent it,but why not pile in now at lower prices.

Cong

The dividend total amount stays roughly the same.

The cake is then split between a smaller number of shares.

In this way the 10% rise each year in dividend has been very roughly self financed, by the smaller number of shares.

Charlie

Recently back from a cruise from Dundee down east coast.

There are a lot of off shore turbines.

Had seen the ones off Scottish coast, but we sailed for nearly 2 hrs in view of turbines,and that was just one field.

There are close to 3,000 offshore wind turbines Uk.

Many did not appear to be commissioned as not moving.

But at some time they are going to be huge( energy wise).

Someone at some time will make a lot of money with them.

Maybe BP maybe not time will tell