Core Insights - BP plc has agreed to sell four mature gas fields and undeveloped resources in Trinidad and Tobago to Perenco T&T as part of its strategy to focus on shallow water, deepwater, and cross-border gas projects in the region [1][4] - The assets being sold include the Immortelle, Flamboyant, Amherstia, and Cashima gas fields, which currently produce approximately 30,000 barrels of oil equivalent per day, along with undeveloped resources from the Parang field [2][5] - BP will continue to purchase gas from these fields to fulfill its contractual obligations, with the ownership transfer expected to be completed by the end of 2024 [3] BP's Strategic Focus - This divestment aligns with BP's broader strategy to high-grade its portfolio by concentrating on new growth areas in Trinidad and Tobago, particularly in shallow water developments and deeper gas opportunities [4][5] - The move is intended to boost gas production, drive value, and support the energy future of Trinidad and Tobago [5] Perenco's Expansion - For Perenco, acquiring these assets marks a significant expansion in Trinidad and Tobago, where the company plans to leverage its expertise in mature field operations to enhance the life and production potential of the newly acquired fields [6][7] - Since entering the Trinidad market in 2016, Perenco has established itself as a notable gas supplier, and this acquisition further strengthens its role in the country's energy security [7] BP's Future Growth Initiatives - BP's divestment of mature assets is part of a series of strategic moves to optimize its Trinidad portfolio, including securing three deepwater blocks in partnership with Shell and participating in a shallow-water bid round in 2024 [8] - Additionally, BP has been granted a license for the Cocuina field in Venezuela, which is a step towards developing the cross-border Manakin-Cocuina gas field [8][9] - A joint venture with EOG Resources, Inc. for the development of the Coconut field is also in place, with the first gas expected in late 2026, reflecting BP's commitment to growing its gas business in Trinidad and Tobago [9]

The Index of Oil. Up. getty AI is in and energy is out. As usual. Which is just dandy for contrarian dividend investors like us. Let's talk about dividends up to 6.6% and stock prices that are dirt cheap. How cheap? Stocks trading for as little as half their sales! The best time to buy energy is before the next supply shortage. I was just "upwind" of Hurricane Hone on the Big Island of Hawaii—'tis the season for storms. Plus we have a volatile Middle East. And an economy that may get a bit of juice as the F ...

Core Insights - BP plc's Cherry Point oil refinery is launching a sustainable energy program to produce jet fuel from biomass feedstocks, supported by a nearly $27 million federal grant [1][3] - The initiative aims to produce jet fuel from sustainable sources such as beef tallow, soybean oil, and used cooking oil, marking a shift from traditional petroleum-based fuels [2][7] - The project is expected to produce up to 10 million gallons of green jet fuel annually, creating approximately 96 new jobs and contributing to local economies [4][6] Economic and Environmental Impact - The sustainable jet fuel project will supply airports across the Pacific Northwest via the Olympic Pipeline, enhancing cleaner air travel [5][6] - This initiative aligns with broader efforts to promote low-emission engines and reduce fuel consumption, contributing to the global transition toward cleaner fuels [6][7] Strategic Positioning - BP's efforts at Cherry Point represent a significant step toward sustainability and set an example for the energy and aviation industries [7] - The initiative is part of a larger strategy to diversify energy sources and adapt to the growing demand for greener solutions [7]

landbysea BP (NYSE:BP) (OTCPK:BPAQF) reported solid Q2'24 results that showed that the British energy company continues to benefit from earnings tailwinds related to higher petroleum prices. BP is also focusing on new major development projects in the Gulf of Mexico, which is set to be a catalyst for earnings and free cash flow growth going forward. Importantly, BP is trading at an exaggerated earnings yield of 15%, which is way above the company's rivals in the upstream industry. Since BP is focused on gro ...

BP plc (BP) , the British oil and gas giant, has awarded a front-end engineering design (FEED) contract to Technip Energies for its H2Teesside project in the United Kingdom. The H2Teesside project is anticipated to become one of the largest low-carbon hydrogen production facilities in the United Kingdom. It is equipped with carbon capture technology. The H2Teesside project is aimed at producing approximately 1.2 gigawatts (GW) of low-carbon hydrogen. The figure is equivalent to more than 10% of the country' ...

Dublin, Aug. 29, 2024 (GLOBE NEWSWIRE) -- The "U.S. Life Coach Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering. The U.S. life coach market is expected to reach a value of $2.76 billion by 2029 from $2.07 billion in 2023, growing at a CAGR of 4.95% The U.S. Life Coach Market report consists of exclusive data on 26 vendors. The market is highly competitive, featuring major players like Benchmark Consulting, BetterUp, BP Life Coaching Services, Endless Possibilit ...

Graeme Robertson/Getty Images News BP PLC (BP) Price % Chan Shell PLC (SHEL) Price % Ch TotalEnergies SE (TTE) Price % Chang Exxon Mobil Corp (XOM) Price % Change Chevron Corp (CVX) Price % Change 15.005 Jun 24 Jul '24 Aug 24 Seeking AlphaQ Aug 23, 2024, 12:58 PM EDT Powered by YC H A R T S Data by Y Charts Despite a solid Q2 print, BP p.l.c. (NYSE:BP) shares recently faced substantial headwinds from analyst downgrades, casting doubt about sustainability of shareholder returns. In early August, HSBC downgra ...

12 191 in No. of Cattle T n jewhyte Article Thesis BP plc (NYSE:BP), one of the oil and gas supermajors, has seen its shares decline substantially in recent weeks. BP wasn't expensive even before that but has now become even cheaper. With an above-average dividend yield and strong buybacks, BP is shareholder-friendly, but the strategic shifts introduce a level of uncertainty when it comes to an investment in BP. Past Coverage I have covered BP here on Seeking Alpha in the past, with my most recent article b ...

Rising oil prices are putting pressure on the refining business, as higher input costs are squeezing margins. Additionally, a slowdown in oil production growth is likely to reduce profits from the upstream operations of integrated energy companies. The increasing demand for renewable energy is also casting a shadow over the future of the Zacks Oil and Gas Integrated International industry, making the outlook appear increasingly uncertain. Among the companies in the industry that will probably survive the bu ...

Dividend stocks are a valuable addition to any investment portfolio, offering a reliable income stream that can provide stability in both bullish and bearish markets. High dividend yields are particularly attractive, especially when paired with fundamentally sound and potentially undervalued stocks. Such combinations not only enhance income potential but also provide opportunities for capital appreciation over the long term. For investors seeking a balance of income and growth, high-yield dividend stocks ca ...