BP ein Kauf (Seite 84)

[Oginvest]

LNG traders absorb huge losses after supply outages

LONDON: Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a liquefied natural gas (LNG) supply gap after several outages hampered efforts to fill European storage ahead of the winter heating season.

Unplanned disruptions at LNG plants in the United States, Nigeria and Australia have wrong-footed traders, including BP and Shell, forcing them to pay inflated costs for alternative supplies.

In a market already struggling to meet global demand for natural gas after Russia sharply reduced pipeline supplies into Europe, the lost LNG cargoes which can be transported by ship, have pushed global prices sharply higher in recent months.

BP took a more than $500 million hit to replace LNG cargoes lost after a sudden shutdown of the Freeport LNG plant in Texas in June, industry sources told Reuters.

Freeport, the second-biggest U.S. LNG export plant, supplies BP with 4 million tonnes per year from a total portfolio of 18 million tonnes, BP Chief Financial Officer Murray Auchincloss told Reuters.

"Freeport does create an impact in the quarter and we've provided for that for the year," Auchincloss said. The company had deducted the expected costs from its second-quarter profit, but Auchincloss did not specify costs.

A BP spokesperson declined to comment on the loss figure.

France's TotalEnergies also said it would replace eight cargoes of LNG it was scheduled to receive from Freeport by buying in the spot market in the third quarter of the year. It was unclear how much the replacement cargoes would cost TotalEnergies.

Freeport produces 15 million tonnes of LNG per year.

Traders typically sign long-term offtake agreements with LNG producers and agree on separate deals to supply consumers with cargoes from their global portfolios. It's rare to use plant outages to justify not supplying consumers through what is known as force majeure.

Shell, the world's largest LNG trader with a 20 per cent market share, cut its LNG production volumes in the second quarter by 4 per cent, mainly due to supply losses from the Sakhalin-2 plant in Russia, where it exited operations after Moscow's invasion of Ukraine in February.

The company continues to receive LNG cargoes under existing long-term deals with Sakhalin-2, a company spokesperson said.

But the future of the contracts is shrouded in uncertainty after Russia gave foreign investors in the project one month to claim their stakes in a new entity that will replace the existing one. Shell Chief Executive Ben van Beurden said it was "highly unlikely" Shell would join the new entity.

The supply loss impacted Shell's second-quarter profit by around $200 million in the quarter, according to estimates by industry sources. Shell declined to comment on the figure.

On top of that, Shell and its partners lost LNG production at the giant Prelude floating LNG off the western coast of Australia after shutting it down amid a pay dispute.

Nigeria's huge LNG export terminal on Bonny Island has also seen output declines in recent months as a result of a shortfall in natural gas supplies due to rampant theft and sabotage to oil and gas pipelines.

The money lost is dwarfed by enormous profits both BP and Shell recorded this year on the back of soaring refining margins and high oil and gas prices.

But lower availability of LNG has pushed benchmark prices to record highs as Europe sought to ramp up imports rapidly to replace lost Russian pipeline natural gas.

At current prices, an average cargo of LNG would cost around $100 million in the spot market.

European LNG imports from January to July surpassed a record 100 billion cubic metres (bcm), or 75 million tonnes (Mt), almost reaching the level observed through the entire 2021, according to Nnenna Amobi, senior LNG analyst at Refinitiv.

Around 35 per cent of total European imports were received from the United States in July, versus 43 per cent in June, mainly due to the loss of Freeport cargoes.

The global LNG market reached 380 million tonnes in 2021, according to Shell.

https://energy.economictimes.indiatimes.com/news/oil-and-gas…

[Oginvest]

BP, Bunge put Brazil sugar and ethanol business up for sale - report

SAO PAULO, Aug 9 (Reuters) - British oil major BP and U.S. commodities trader Bunge Ltd have put their Brazilian sugar and ethanol joint venture BP Bunge Bioenergia up for sale, newspaper Valor Economico reported on Tuesday.

The report, citing sources familiar with the matter, said Abu Dhabi's Mubadala and Brazilian energy company Raizen SA - a joint venture between Shell and Cosan SA - were among those interested in buying the business.

JPMorgan has been hired to advise BP Bunge on the deal, Valor said, adding that the company's assets were valued at between 9 billion and 10 billion reais ($1.96 billion).

BP and Raizen declined to comment, while Bunge, Mubadala and JPMorgan did not immediately respond to Reuters emailed requests for comment.

BP and Bunge's deal to create the 50-50 joint venture, managing 11 plants with a total capacity to crush 32 million tonnes of sugarcane per year, was first announced in 2019. ($1 = 5.1110 reais)

https://finance.yahoo.com/news/bp-bunge-put-brazil-sugar-111…

[Muckimann66]

Antwort auf Beitrag Nr.: 72.156.756 von Jicart am 09.08.22 11:12:32

Ja stimmt Sonderzahlung ganz vergessen.danke

[Jicart]

Hätte gesagt 0,06

[Muckimann66]

Dividende stimmt doch oder?
11.08.2022
23.09.2020
0,05 GBPRegulä

[Oginvest]

Cenovus to buy remaining 50% stake in Toledo refinery from BP

Aug 8 (Reuters) - Cenovus Energy Inc (CVE.TO) will buy the remaining 50% stake it does not already own in Ohio-based BP-Husky Toledo Refinery for $300 million from British energy firm BP PLC (BP.L), the Canadian company said on Monday.

The deal marks a continuation of BP's reshaping of its North American oil and gas operations, as it tries to cut its greenhouse gas emissions to appease investors. Cenovus in June bought out BP's 50% interest in the Sunrise oil sands, where it was already the operator.

Cenovus said the Toledo refinery recently completed a major, once in five years turnaround, and the deal will bring company's total refining capacity to 740,000 barrels per day.

"Fully owning the Toledo refinery provides a unique opportunity to further integrate our heavy oil production and refining capabilities," Alex Pourbaix, Cenovus's chief executive officer, said in a statement.

The Toledo refinery can process up to  160,000 barrels of crude oil each day, providing the Midwest with gasoline, diesel, jet fuel, propane, asphalt, and other products.

"Upon first glance, the $300-million cash payment for 50% of Toledo is less than we would have expected," Greg Pardy, head of global energy research at RBC Dominion Securities said in a note.

In 2008, Husky Energy Inc acquired a 50% stake in Toledo refinery, owned by BP, forming a joint venture. The stake then moved to Calgary-based Cenovus, when it combined with Husky in 2021.

Following the disposal of its stake in Toledo, BP's refining operations in the United States will reduce to two facilities from three.

BP said, going forward, it will focus on its Whiting refinery in Indiana and Cherry Point refinery in Washington, which are positioned to serve customers in the Midwest and Pacific Northwest.

With the latest deal, which is expected to close before the end of 2022, Cenovus expects to realize synergies over the next few years.

https://www.reuters.com/business/energy/cenovus-buy-remainin…

[ray2]

Antwort auf Beitrag Nr.: 72.148.893 von eval am 08.08.22 11:58:15

Sie müssen nicht kaufen, sie können kaufen, wann auch immer, es kann an mehreren Tagen sein oder theoretisch auch an einem oder gar nicht, es ist ja nur eine Absichtserklärung Es heißt bis zu 3%

[eval]

Antwort auf Beitrag Nr.: 72.111.606 von hw_aus_s am 02.08.22 20:42:57

Was ich da nicht so ganz verstehe: Es werden rund 22 Mio. Aktien täglich gehandelt in London. Wenn davon nun jeden Tag BP selbst 12 Mio. vom Markt nimmt, ist das doch mächtig viel.

Oder wie funktioniert das mit dem ARP?

[ray2]

Antwort auf Beitrag Nr.: 72.132.918 von romarioo am 05.08.22 09:57:36

Jede Aktie weniger zählt, rechne mal aus wie viele Kleinanleger die 1000 Aktien kaufen würden durch das ARP ersetzt werden können

[romarioo]

Und die aktuelle Aktienanzahl lag bei 19.135.400.000 am Ende des zweiten Quartals 2022 und nicht bei 20.000.000.000. Kein riesen Unterschied, aber immerhin knapp 5 Prozent weniger. Wenn man zudem sieht, dass innerhalb eines Jahres mehr als eine Milliarden Aktien zurückgekauft wurden (20.224.314.000 am ende des zweiten Quartals 2021), kann man durchaus erkennen, dass mittel- bis langfristig das ARP Wirkung erzielt.