Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  BP    BP.   GB0007980591

BP (BP.)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

BP : strengthens LNG shipping capacity

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/06/2017 | 10:53am CEST

Release date- 04102017 - HOUSTON - BP is taking delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers to support its expanding global LNG portfolio, and to respond to growing demand for lower-carbon energy sources around the world.

BP's finance partners KMarin and ICBC Leasing are investing over $1 billion in the tankers, which will join existing tankers in BP Shipping's fleet in 2018 and 2019. The vessels will help service a 20-year liquefaction contract with the Freeport LNG facility in Texas, as well as other international LNG projects in BP's global portfolio.

'These vessels will significantly increase BP's ability to safely transport LNG to anywhere in the world, directly supporting BP's global natural gas strategy,' said BP Shipping CEO Susan Dio. 'They also will be among the most fuel-efficient and technically advanced LNG tankers ever built.'

Equipped with next-generation engine technology, the new ships are designed to be about 25 percent more fuel efficient than their predecessors. They also will be fitted with a reliquefaction plant, meaning evaporated natural gas in the cargo tanks can be returned to the tanks as LNG, allowing the ships to deliver more LNG to the market.

BP has a long-term contract for 230 Trillion BTUs per year of LNG capacity in the Freeport LNG facility. The Freeport LNG liquefaction facility is under construction, and the first train is expected to be operational by the end of 2018.

BP also participates in LNG projects in Australia, UAE, Indonesia, Trinidad and Angola. This portfolio includes a mix of long-term, mid-term and short-term supply to enable BP to best meet the ever-changing needs of its global portfolio of customers.

'BP has built a diverse LNG portfolio spanning both established and emerging markets,' said Alan Haywood, CEO of BP's global supply and trading business. 'Freeport is the latest example of how BP continues to expand the reach of our LNG business and serve our customers with flexible solutions through leveraging our scale, connectivity and relationships - and another sign of our commitment to remaining at the forefront of this rapidly growing and important global business.'

The 2017 BP Energy Outlook forecasts that global LNG trade will grow seven times faster than pipeline gas trade, such that by 2035 it accounts for around half of all globally traded gas. The newly expanded BP Shipping fleet will deliver LNG volumes to a range of BP customers around the world.

About BP

BP is a global producer of oil and gas with operations in over 70 countries. Over the past 10 years BP has invested $90 billion in the U.S. - more than any other energy company. BP employs about 14,000 people across the U.S. and supports more than 130,000 additional jobs through all its business activities.

(c) 2017 Electronic News Publishing -, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BP
01:31pBP : On 8th Anniversary of BP Oil Spill, Senator Markey Joins Legislation to Pro..
AQ
04/20BP : Reliance and BP kick-start the Rs 40,000 crore investment plan for reviving..
AQ
04/20RELIANCE INDUSTRIES : Higher price spurs Reliance-BP to step on the gas in KG D6..
AQ
04/20PETROBRAS : and BP form Strategic Alliance
AQ
04/20Oil stocks face crucial earnings test as investors venture back in
RE
04/20BP : Reliance, BP sanction satellite field development
AQ
04/19BP : Italy's Eni defies sceptics, may up stake in nuclear fusion project
RE
04/19BP : Sets Out Its Commitment to a Low Carbon Future
AQ
04/19ENERGEAN OIL & GAS : Oil and gas firm Energean to boost east Mediterranean outpu..
RE
04/19BP Sanctions Satellite Cluster Project Offshore India
DJ
More news
News from SeekingAlpha
04/20ENERGY RECAP : A Look At SunPower's Planned Purchase Of Rival SolarWorld America.. 
04/19Golar LNG reaches deal to provide FLNG vessel for BP's Tortue project 
04/19REUTERS : Talks between Exxon, Iraq over big water project hit roadblock 
04/18BP : Hold Or Fold? 
04/17CONSTRUCT YOUR OIL PORTFOLIO : The Trend Following Version 
Financials ($)
Sales 2018 274 B
EBIT 2018 16 463 M
Net income 2018 9 212 M
Debt 2018 36 850 M
Yield 2018 5,42%
P/E ratio 2018 15,89
P/E ratio 2019 15,01
EV / Sales 2018 0,66x
EV / Sales 2019 0,64x
Capitalization 145 B
Chart BP
Duration : Period :
BP Technical Analysis Chart | BP. | GB0007980591 | 4-Traders
Technical analysis trends BP
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 7,51 $
Spread / Average Target 3,6%
EPS Revisions
Managers
NameTitle
Robert W. Dudley Group Chief Executive Officer & Executive Director
Carl-Henric Svanberg Chairman
Brian Gilvary Group Chief Financial Officer & Executive Director
Paul Milton Anderson Independent Non-Executive Director
Ian Edward Lamert Davis Senior Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BP-0.86%144 786
EXXON MOBIL CORPORATION-5.05%334 627
CHINA PETROLEUM & CHEMICAL CORP11.42%128 002
RELIANCE INDUSTRIES1.08%88 740
SUNCOR ENERGY INC.5.74%62 633
PTT PUBLIC COMPANY LIMITED--.--%53 623