Latest Articles
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BP Back In Contention For Abu Dhabi Concession After Initial Snub
BP Plc (NYSE:BP) is back in contention for Abu Dhabi’s onshore oil concession after not being invited over the summer to bid to be part of a renewed deal in 2014. The 75 year old concession expires in 2014 and BP is keen to keep its stake i...
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Energy Independence and the Myth of Peak Oil
Submitted by Wall St. Daily as part of our contributors program . Longtime readers know our schedule… Fridays I break out the charts. Mondays I expose Wall Street’s biggest myths. Well, today, I’m combining both practices in an effort to debun...
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BP’s Earnings Show Surprising Strength
BP Plc (NYSE:BP) announced its third quarter earnings on October 30. The UK oil & gas giant posted surprisingly good results in a quarter marked by a number of asset sales, including the sale of its 50% stake in TNK-BP to Rosneft. Net earning...
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BP’s Earnings: Russian Partner Swap, Asset Sales And Lower Realized Prices
BP Plc (NYSE:BP) is scheduled to report its third quarter earnings on October 30. The British oil & gas major had a weak second quarter with a y-o-y adjusted earnings drop of 35%. This was the due to a combination of many factors, including w...
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BP Switches Partners In Russia Through Sale of Stake In TNK-BP To Rosneft
BP Plc (NYSE:BP) has agreed to sell its 50% stake in TNK-BP to Rosneft as part of a $55 billion buyout which will see the state-owned Russian oil major gain full control of TNK-BP, making it the largest publicly traded oil company in the world in...
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The Price Of Natural Gas From “Zero” to Dirt Cheap
Submitted by Testosterone Pit as part of our contributors program . On March 14, I shredded the natural gas components of the government’s Blueprint, a document that spelled out its energy policy, because it relied on the existence of di...
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BP’s North Sea Gas Project Will Help Its UK Business
British oil supermajor BP Plc (NYSE:BP) recently announced the successful start-up of the Devenick project, an offshore natural gas field in the central North Sea. The project is expected to provide a substantial increase to the domestic natural ...
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Weekly Oil & Gas Notes: Exxon Mobil, Chevron & BP
The past week saw quite a few developments among the three oil & gas giants Exxon Mobil (NYSE:XOM), BP Plc (NYSE:BP) and Chevron (NYSE:CVX). Exxon Mobil expanded its shale oil operations in the United States through the purchase of high qua...
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BP In Negotiations With Rosneft Over The Sale Of Its Stake In TNK-BP
Russian paper Kommersant recently reported that there has been progress in talks between BP (NYSE:BP) and Russian state-owned firm Rosneft (MCX:ROSN) over the sale of BP’s 50% stake in Anglo-Russian venture TNK-BP. The companies have briefed Russ...
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BP’s Latest Bargain is a Win-Win
Submitted by Wall St. Daily using our Trefis Contributor Tool Two years ago, BP plc (NYSE: BP ) kicked off the biggest fire sale in history, looking to raise $38 billion by the end of 2013 to cover the costs of the Deepwater Horizon oil spill....
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Undervalued BP Will Sell A Chunk Of Its Gulf Assets For Spill Costs
BP Plc (NYSE:BP) has entered into a definitive agreement to sell some of its oil assets in the Gulf of Mexico to Plains Exploration & Production Co. (PXP) for $5.55 billion. The transaction will commence in October and is expected to close by...
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BP Faces U.S. Government Claims Of Gross Negligence For Horizon Spill
Shares of BP (NYSE:BP) fell almost 3% on Wednesday after it emerged that the US Government plans to aggressively pursue charges of “gross negligence and willful misconduct” against the oil giant relating to the Deepwater Horizon spill in April 20...
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Dividend-Paying Aussie E&P Company with Aggressive Growth Story
Submitted by Investing Daily as part of our contributors program . Oil Search Ltd (OISHF) has been paying a dividend since May 2003, but it would be stretching things to describe it as an “income play.” Make no mistake: This is an...
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Natural Gas Is Pushing Coal Over The Cliff
Submitted by Testosterone Pit as part of our contributors program . Natural gas may well be the most mispriced commodity these days. Its price has been below the cost of production for so long that the industry is suffering serious consequence...
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Natural Gas And The Brutal Dethroning Of King Coal
Submitted by Testosterone Pit as part of our contributors program . Natural Gas And The Brutal Dethroning Of King Coal It’s been tough for natural gas drillers. The boom in horizontal drilling and hydraulic fracturing that gave access...
