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LON100:BP, Jan 20, 09:04 UTC

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Monday, January 13


News

Where next for FTSE 100 shares Barratt, BP and RB?

BP BP +1 more BP BP BDEV

The prospects for FTSE 100 shares BP plc (LON:BP) (BP.L), Reckitt Benckiser Group Plc (LON:RB) (RB.L) and Barratt Developments Plc (LON:BDEV) (BDEV.L) are positive in my opinion. BP’s shares may have been increasingly in-demand among investors of late due to geopolitical risks causing the oil price to spike, but I think they could prove to be volatile in the short run. I feel that with a dividend yield above 5% and the company reporting positive momentum in its Upstream and Downstream performance in its last results, its long-term prospects could be bright. Therefore, while I’m generally upbeat about the oil and gas sector, it wouldn’t surprise me if the BP share price outperformed many of its sector peers. RB and its peers are unlikely to experience uninterrupted growth to my mind, since there is rarely frictionless growth. But its solid brand portfolio could enable the RB share price to make a recovery in my view over the long run.

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investomania.co.uk
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  • Financial

Thursday, January 09


Social Chatter

BP PLC (LON100:BP) social chatter is higher than usual

BP
blackrock, the largest asset manager, joins climate action 100+, an influential investor group pressing companies over #climate and #carbon emissions. ca100+ led major climate resolutions with @bp_plc @shell and other major companies. #oott @blackrock
News

Lightsource BP Secures Solar Tracking Equipment from Array Technologies for over 1.5 Gigawatts of Projects Across the U.S.

BP BP

This agreement comes after recent collaboration between Lightsource BP and Array Technologies on a milestone 200 megawatt project in Australia. "We’re pleased that we will have certainty of equipment supply as well as cost savings for our solar projects located across the country,” said Kevin Smith, Lightsource BP’s CEO of the Americas. "We are delighted to be working with Lightsource BP to deliver on this robust pipeline of projects," stated Jim Fusaro, CEO at Array Technologies. Lightsource BP, leveraging the strategic participation of BP as a 50% shareholder, is helping drive the global low-carbon energy transition with competitively priced, dependable, clean energy for businesses and communities. Since Lightsource BP announced its expansion into North America in late 2017, the team has driven exponential growth with a pipeline of almost 6 gigawatts of solar projects across the United States that includes 540 megawatts of announced power purchase agreements (PPAs) in 2019 and 366 megawatts of projects currently in construction in four states.

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News

BP: BP announces first venture into artificial intelligence technology in China, Energy News, ET EnergyWorld

BP BP

New Delhi: BP’s investment arm BPVentures has announced a $3.6 million investment in energy management company R&B, its first venture into artificial intelligence technology in China. The investment is part of R&B’s latest funding round led by BP Ventures and supported by CLP Innovation Ventures Limited, a subsidiary of CLP Holdings Limited, and JAFCO Asia. Our investment in R&B, a business developing and deploying innovative technology to improve energy efficiency, is fully aligned with this strategy,” said Dev Sanyal, BP Alternative Energy chief executive and executive vice president, regions. R&B’s Software-as-a-Service (SaaS) applies AI techniques to energy diagnostics and optimization in the commercial and industrial (C&I) sector, processing data to generate insights and recommendations of how to improve energy efficiency and enhance predictive maintenance in buildings.

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Wednesday, January 08


News

ARCO Design/Build Breaks Ground for Domino's Supply Chain Center in Katy, TX

BP

Commercial and light industrial general contractor ARCO Design/Build recently broke ground on a 59,000 square-foot building to produce pizza dough for more than 300 Domino's stores. It will feature a variety of automated technology, including ingredient batching, mixing and portioning, weight adjustment, tray stacking, and spiral coolers, which will help produce 20,000 trays of dough balls per day. "This center in Katy will manufacture our fresh pizza dough and also serve as a warehouse and distribution center for our stores in South Texas and the parts of Louisiana. We look forward to opening this center, bringing even more jobs to the local community and ensuring our stores can continue to provide a great customer experience." ARCO Design/Build, Inc. is a national design-build firm widely recognized as an industry leader for various industrial project types, including but not limited to cold storage warehouse, light industrial distribution, and manufacturing.

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Tuesday, January 07


News

BP sells off several North Sea oil fields for £625 million

BP BP

OIL giant BP has sold several oil fields in the North Sea for 625 million dollars (£475 million) as major players continue to exit the basin, handing over to smaller producers. Premier Oil, a London listed company, said it was buying the Andrew Area and Shearwater sites from BP, hoping to capture the 82m barrels of oil and equivalents, thought to still be trapped under the ground. "We look forward to realising the significant long-term potential of the Andrew and Shearwater assets through production optimisation, incremental developments and field life extension projects," said Premier's chief executive Tony Durrant. The cost of the acquisition works out at less than 10 dollars per barrel of oil, while it will cost Premier around 20 dollars to extract it from the ground.

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Story Sources

thenational.scot
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News

BP sells two assets in North Sea oil fields for $625m

BP BP

Premier Oil has announced plans to buy two oilfield assets from BP in the North Sea for $625m (£474m). The oil company said on Tuesday it would snap up BP interests in five fields in the Andrew area, which is currently producing around 18,000 barrels of oil equivalent per day. A separate deal was announced for a stake in the Tolmount area from Dana for $191m, which Premier said would deliver its first gas by the end of the year. Tony Durrant, chief executive of Premier Oil, said: "These acquisitions are materially value accretive for Premier and are in line with our stated strategy of acquiring cash generative assets in the UK North Sea.

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News

Premier Oil to buy BP assets for $625 mln with rights issue

BP BP +1 more BP BP TRI

LONDON, Jan 7 (Reuters) - Premier Oil PMO.L is set to buy stakes in North Sea oilfields Andrew and Shearwater from BP BP.L for $625 million and increase its stake in the Tolmount gas project in a deal with Dana worth $191 million, Premier said on Tuesday. Premier said the acquisitions would generate over $1 billion in free cash flow by the end of 2023 and add 23,000 barrels of oil equivalent per day cash-generative production and 82 million barrels of reserves and resources to its portfolio. The acquisitions are funded by a $500 million equity raise "which has been fully underwritten on a standby basis", existing cash and, if needed, a loan of $300 million. "It expects to confirm the structure and terms in Q1 2020 following consultation with major shareholders."

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News

Premier Oil to buy BP North Sea assets for $625 mln

BP BP

SECTIONS. Home. Business. Markets. World. UK. Technology. Money. About Cookies On The Site. We use cookies to personalize and enhance your experience on our site. Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. By using our site, you agree to our use of cookies. Premier Oil to buy BP North Sea assets for $625 mln. Jan 7 (Reuters) - Premier Oil is set to buy stakes in North Sea oilfields Andrew and Shearwater from BP for $625 million and increase its stake in the Tolmount gas project buying a bigger stake from Dana for $191 million, Premier said on Tuesday. It also said it had extended its debt maturity timeline to the end of November 2023. (Reporting by Shadia Nasralla; editing by Jason Neely).

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uk.reuters.com
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Monday, January 06


News

BP Breaks Above 200-Day Moving Average - Bullish for BP

BP BP

BP Breaks Above 200-Day Moving Average - Bullish for BP | NASDAQ. In trading on Monday, shares of BP PLC (Symbol: BP) crossed above their 200 day moving average of $39.80, changing hands as high as $40.08 per share. The chart below shows the one year performance of BP shares, versus its 200 day moving average:. Looking at the chart above, BP's low point in its 52 week range is $35.7251 per share, with $45.38 as the 52 week high point — that compares with a last trade of $39.92.

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nasdaq.com
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