BP Plc (BP)

BP shares slide after board removes chairman over governance concerns (BP.)May 26, 2026 8:59 AM
IH Market News Shares of BP (NYSE:BP) fell 5.2% in premarket trading on Tuesday after the company announced the immediate dismissal of Chairman and Director Albert Manifold following governance-related concerns. Board cites governance and conduct issues BP said its board unanimously decided to remove Manifold after identifying serious concerns linked to governance standards, oversight and conduct, according to a company filing released Tuesday. The board simultaneously appointed Ian Tyler as Interim Chair with immediate effect. Senior director says board took decisive action Amanda Blanc, Senior Independent Director at BP, said the board had been “surprised and disappointed” by the governance oversight and conduct issues that emerged. She added that the board considered the matters unacceptable and acted swiftly in response. Blanc also acknowledged Manifold’s contribution to accelerating the company’s ongoing transformation efforts. Interim chair backs BP strategy and operational focus Ian Tyler said the board and executive leadership team remain fully committed to the strategic direction already outlined by the company and are continuing to execute at pace. He added that BP is strengthening its record of operational performance while maintaining strict financial discipline. CEO praised as company advances restructuring plan The interim chairman also praised Chief Executive Officer Meg O’Neill, highlighting her industry expertise and operational leadership since joining the company. O’Neill recently announced BP’s transition toward a more clearly defined upstream and downstream operating structure aimed at simplifying and strengthening the business. Search for permanent chair to begin BP said it will now launch a formal succession process to appoint a permanent chairman. The company did not disclose additional information regarding the specific governance concerns that resulted in Manifold’s removal. BP stock price Original: BP shares slide after board removes chairman over governance concerns (BP.)

BP outperforms Q1 profit estimates as trading boost lifts sentimentApril 28, 2026 6:01 AM
IH Market News
BP (NYSE:BP) posted first-quarter underlying replacement cost (RC) profit of $3.2 billion, comfortably ahead of the $2.67 billion consensus forecast compiled by the company. The result more than doubled the $1.5 billion achieved in the prior quarter and the $1.38 billion reported in the same period last year.The strong performance was largely attributed to a standout contribution from oil trading, alongside improved results in the midstream segment, BP said.Shares gained roughly 3.1% in early London trading at 07:47 GMT following the announcement.On a statutory basis, profit reached $3.8 billion, a sharp reversal from the $3.4 billion loss recorded in the fourth quarter.The group reported upstream production of 2.33 million barrels of oil equivalent per day, with plant reliability at 95.7% for the period.Jefferies analyst Mark Wilson noted that BP delivered “inline results better at net income due to lower tax rate.”Operating cash flow totaled $2.9 billion after a $6 billion working capital outflow, while capital spending declined to $3.3 billion from $3.6 billion a year earlier. Net debt rose to $25.3 billion, compared with $22.2 billion at the end of 2024.The company left its quarterly dividend unchanged at 8.32 cents per ordinary share.“This was another quarter of strong operational and financial delivery, and we made further progress towards our 2027 targets,” said BP CEO Meg O’Neill, who joined the company earlier this month.“We had high plant reliability, high refining availability and increased production in the Gulf of America and at bpx Energy, our U.S. onshore business – keeping production levels steady despite the ongoing disruption,” she said in the statement.Looking forward, BP indicated that upstream output is likely to be lower in the second quarter, citing seasonal maintenance in the Gulf of America and continued disruption in the Middle East.The group reiterated its full-year capital expenditure plan of $13 billion to $13.5 billion and expects to generate $9 billion to $10 billion from asset disposals, with the bulk anticipated in the second half, including proceeds from the planned sale of Castrol.BP stock price

Original: BP outperforms Q1 profit estimates as trading boost lifts sentiment

Markets search for direction as geopolitics and earnings dominate focus: Dow Jones, S&P, Nasdaq, Wall Street FuturesApril 28, 2026 5:26 AM
IH Market News
Futures tied to major U.S. equity indices traded mixed on Tuesday, as investors weighed reports that U.S. President Donald Trump is dissatisfied with Iran’s latest proposal to end their two-month conflict. At the same time, corporate developments and central bank signals added to the market’s cautious tone. OpenAI reportedly fell short of internal revenue targets, while BP (NYSE:BP) shares advanced on stronger oil and gas prices. Meanwhile, the Bank of Japan kept interest rates unchanged but signaled a readiness to tighten policy if inflation persists.



Futures drift amid oil gains and earnings anticipation



By 03:28 ET, Dow futures were little changed, S&P 500 futures were down 14 points, or 0.2%, and Nasdaq 100 futures had fallen 117 points, or 0.4%.In the previous session, the S&P 500 and Nasdaq Composite posted gains, while the Dow Jones Industrial Average declined.Investors are also preparing for one of the busiest weeks of the earnings season, with roughly 35% of S&P 500 companies due to report results. On Monday, Verizon (NYSE:VZ) raised its full-year profit outlook, while Domino’s Pizza (NASDAQ:DPZ) warned of weaker growth, sending its shares down 8.8%. Upcoming reports from Visa (NYSE:V), Coca-Cola (NYSE:KO) and T-Mobile US (NASDAQ:TMUS) are expected to draw attention.Tech giants will take center stage later in the week, offering insights into ongoing investment in artificial intelligence infrastructure—spending that has helped support markets despite geopolitical tensions and energy-related risks.



Trump weighs Iran proposal as tensions persist



Reports indicated that Trump is unhappy with Iran’s latest offer, which would end hostilities and reopen the Strait of Hormuz but delay discussions on Tehran’s nuclear program.Trump has repeatedly emphasized that dismantling Iran’s nuclear capabilities—particularly any pathway to a nuclear weapon—has been a key objective of the joint U.S.-Israeli offensive launched in late February. Reuters, citing a U.S. official, said this stance has led to dissatisfaction with the proposal.Hopes for renewed diplomatic engagement were also dampened after Trump canceled plans to send negotiators to Pakistan for fresh talks. Iran’s foreign minister visited Islamabad twice over the weekend before meeting Russian President Vladimir Putin on Monday and securing support.Despite these efforts, the Strait of Hormuz remains largely closed to shipping. The waterway, which carries roughly one-fifth of global oil supply, has been heavily restricted for weeks, pushing crude prices significantly higher.This has intensified concerns about an energy-driven inflation surge that could force central banks to raise interest rates. Brent crude futures continued to rise on Tuesday.



OpenAI falls short of internal growth targets



OpenAI has missed internal benchmarks for both user growth and revenue, according to a report by The Wall Street Journal, raising questions about the sustainability of its heavy spending plans.The company reportedly failed to reach its goal of one billion weekly active users for ChatGPT by the end of 2025 and also missed several monthly revenue targets earlier this year.CFO Sarah Friar is said to have warned executives that slower revenue growth could make it difficult to fund future data center commitments. Board members have also raised concerns over recent infrastructure deals and CEO Sam Altman’s push for additional computing capacity.These developments come as OpenAI moves toward a potential IPO later this year, prompting leadership to focus more closely on cost control and operational discipline.



BP shares rise on strong profit growth



BP (NYSE:BP) shares moved higher in London, supported by elevated oil and gas prices that drove a sharp increase in earnings.The company reported underlying replacement cost profit of $3.2 billion, more than double the $1.38 billion recorded a year earlier, highlighting the benefit of tighter global crude supply.



Bank of Japan holds rates but signals tightening bias



The Bank of Japan left its policy rate unchanged at 0.75%, in line with expectations, but warned that slowing growth and rising inflation linked to Middle East tensions could influence future decisions.The vote was not unanimous, with three members of the nine-person board supporting a rate increase—marking the highest level of dissent since 2016.The central bank stated that “[g]iven that underlying inflation has been approaching 2% and real interest rates are at significantly low levels,” it will “continue to raise its policy rate in response to developments in the economy, prices and financial conditions.”Analysts at Capital Economics said: “While the Bank of Japan left interest rates unchanged today, its Outlook report was hawkish and we’re sticking to our forecast that the Bank will hike rates in June.”BP stock priceVerizon Communications stock priceDomino’s Pizza stock priceVisa stock priceCoca-Cola stock priceT-Mobile US stock price

Original: Markets search for direction as geopolitics and earnings dominate focus: Dow Jones, S&P, Nasdaq, Wall Street Futures

Energy Security in a Shifting World: Why New Supply Frontiers MatterApril 8, 2026 3:00 PM
InvestorsHub NewsWireEnergy Security in a Shifting World: Why New Supply Frontiers MatterNetworkNewsWire Editorial Coverage: Rising geopolitical tensions and renewed disruptions to global shipping lanes, particularly around the Strait of Hormuz, are once again underscoring a hard truth for policymakers: Energy security remains deeply fragile. The United States and Europe, despite years of diversification efforts, continue to face exposure to supply shocks that can ripple across economies, industries and households. Against this backdrop, companies working to unlock new, politically stable energy resources are drawing increased attention. One such company is Greenland Energy Company (NASDAQ: GLND) (Profile), which is advancing exploration in Greenland's Jameson Land Basin. With a potentially significant oil resource and plans to drill key wells, the company is positioning itself within a broader narrative: the urgent push toward greater energy independence for Western economies. With its focus on exploration and oil production, Greenland finds itself among an impressive group of companies focused on providing energy independence, including Exxon Mobile Corporation (NYSE: XOM), Shell PLC (NYSE: SHEL), Chevron Corp. (NYSE: CVX) and BP PLC (NYSE: BP).Greenland Energy Company's core asset lies in the Jameson Land Basin, a region that has long been recognized for its geological potential.Large-scale oil discoveries have historically reshaped regional and even global energy markets.One of the distinguishing features of Greenland Energy Company is its capital structure.Greenland Energy has emphasized its executive team's background in public markets and energy investing.The broader significance of Greenland Energy's project lies in its geopolitical positioning.Geopolitics Reinforces Urgency of Energy IndependenceRecent instability in the Middle East has renewed focus on the vulnerability of global energy supply chains. The Strait of Hormuz, through which roughly 20% of the world's oil consumption passes, remains one of the most critical chokepoints in global trade. Any disruption in this corridor has historically triggered volatility in oil prices and heightened geopolitical risk.The importance of reducing reliance on such chokepoints has been emphasized by policymakers across both the United States and Europe. The European Commission, for example, has repeatedly emphasized the need to diversify supply sources and strengthen domestic production capacity following recent energy crises. Similarly, U.S. policy discussions have increasingly focused on reshoring or near-shoring energy supply to reduce exposure to global instability.Data from the International Energy Agency ("IEA") highlights that while diversification has improved, global oil markets remain interconnected, meaning disruptions anywhere can affect prices everywhere. This interconnectedness reinforces the strategic value of developing new, reliable sources of supply within politically stable regions.In this context, Greenland Energy Company's efforts to develop significant oil resources in Greenland represent part of a broader shift toward energy independence. By targeting large-scale reserves in a region aligned with Western interests, the company's activities align with the growing urgency to secure long-term, stable energy supplies.Unlocking the Potential of Jameson BasinGreenland Energy Company's core asset lies in the Jameson Land Basin, a region that has long been recognized for its geological potential. The basin is estimated to hold up to 13 billion barrels of oil potential, making it one of the more intriguing, underexplored basins worldwide.The scale of this potential is significant when viewed in a global context. For comparison, discoveries exceeding one billion barrels are typically classified as "giant" fields in the oil industry, underscoring how impactful a multi-billion-barrel basin could be if successfully developed. Geological studies conducted over decades have indicated the presence of favorable source rocks, reservoir structures and trapping mechanisms within the region.Recent corporate developments suggest that Greenland Energy is actively moving toward unlocking this potential. Last month, the company announced that it had secured drilling capacity through a strategic agreement, positioning it to advance exploration activities. This step is critical, as access to drilling infrastructure remains a key bottleneck in frontier exploration.Importantly, the company also indicated that after drilling two targeted wells, it will secure rights to 70% of the Jameson Land Basin (two million acres), reinforcing its exposure to the basin's full resource potential. If successful, this could represent a transformational asset with implications not only for the company, but also for broader energy supply dynamics.Scale Suggests Potential World-Class DiscoveryLarge-scale oil discoveries have historically reshaped regional and even global energy markets. From the North Sea to offshore Brazil, major finds have altered supply balances, created new economic hubs and reduced reliance on traditional producing regions. The Jameson Land Basin is increasingly being evaluated through this same lens.Industry coverage has pointed to renewed interest in Greenland's hydrocarbon potential, including agreements tied to drilling and logistics partnerships. These fast-moving developments indicate that exploration momentum in the region is gaining traction with Greenland Energy drilling its first two wells this year.The classification of a "world-class" discovery typically depends on both scale and recoverability. While exploration risk remains inherent, the estimated size of the Jameson Land Basin places it within a category that, if validated through drilling, could rank among the more significant discoveries in recent decades.This is particularly relevant given the relative scarcity of large new onshore discoveries in stable jurisdictions. The global oil industry has faced a decline in major discoveries over the past decade, with analysis showing that annual discovered volumes have fallen sharply from early-2010s levels, while the International Energy Agency highlights the growing need for new discoveries to offset accelerating declines in existing fields. This trend has increased the strategic value of frontier basins that still hold large, untapped resources.In that context, Greenland Energy's exploration program is not just about one project; it represents participation in a broader search for the next generation of large-scale oil supply. The outcome of its drilling efforts could therefore carry implications well beyond the company itself.Clean Balance Sheet Supports Strategic FlexibilityOne of the distinguishing features of Greenland Energy Company is its capital structure. The company looks to have limited leverage based on its recent public filings, which could provide added flexibility as it advances a capital intensive exploration program.In an industry where exploration and development often require significant upfront investment, companies burdened with high debt levels can face constraints on operational flexibility. A debt-free structure allows management to allocate capital more strategically, particularly during early-stage exploration.Reports surrounding the company's market positioning indicate an enterprise value in the range of approximately $200 million to $220 million, with market capitalization late-March estimates around $300 million to $345 million, suggesting a valuation that may be modest relative to the scale of the resource it is targeting. This dynamic — large potential resource versus relatively small valuation — often attracts investor attention, especially in early-stage exploration plays.Additionally, access to strategic agreements, such as drilling capacity partnerships, indicates that the company is actively leveraging its financial position to move projects forward. The ability to secure such agreements without excessive leverage can be viewed as a positive signal in capital markets. Taken together, Greenland Energy's capital structure may provide it with the flexibility needed to advance exploration while preserving optionality for future development or partnerships.Leadership Experience Anchors Execution StrategyLeadership experience is often a critical factor in evaluating early-stage energy companies, particularly those operating in frontier regions. Greenland Energy has emphasized its executive team's background in public markets and energy investing.A notable development includes the appointment of Joe Moglia, former chairman of TD Ameritrade, to a leadership role within the company. Moglia's experience in capital markets and corporate governance may provide strategic guidance as the company navigates both operational and financial milestones. The company noted that Moglia will advise on long-term strategy for Arctic development, capital markets engagement and regulatory stewardship as Greenland Energy pursues opening up a new oil basin  while citing environmental and governance priorities.The involvement of executives with experience in scaling public companies can be particularly important for exploration firms. As projects progress from exploration to potential development, companies must manage financial, regulatory and operational milestones.In addition to board-level expertise, the company's broader team is positioned within the oil and gas investment ecosystem. This can be advantageous when securing partnerships, raising capital or navigating industry dynamics. Ultimately, while geology determines the presence of resources, execution determines whether those resources are being  successfully developed. Greenland Energy's leadership composition suggests an awareness of this balance and an effort to align expertise with opportunity.Strategic Importance for Western Energy SecurityThe broader significance of Greenland Energy's project lies in its geopolitical positioning. Greenland, as an autonomous territory within the Kingdom of Denmark, is aligned with western political and economic systems. This makes it an attractive location for resource development compared to more geopolitically volatile regions.For the United States and Europe, securing energy supply from politically stable allies is a central component of long-term energy strategy. The European Union, for instance, has emphasized reducing reliance on external suppliers that may pose geopolitical risks.Greenland's geographic location also offers logistical advantages. Proximity to North America and Europe could facilitate integration into existing energy infrastructure, potentially reducing transportation risks associated with distant supply routes such as the Strait of Hormuz.From an investment perspective, Greenland Energy presents what some may view as a high-risk, high-reward opportunity tied directly to one of the most pressing global challenges: energy security. The combination of scale, location and timing positions the company within a narrative that extends beyond traditional exploration.As the company moves forward with its planned drilling program this year, the outcome will be closely watched. Success could not only redefine the company's trajectory but also contribute to a broader shift toward energy independence for Western economies, an objective that has rarely felt more urgent.Energy's Boldest Bets: The Frontier RushThe world's largest energy companies are aggressively pursuing frontier exploration, the pursuit of oil and gas in remote, technically challenging and largely untested regions. This signals a powerful conviction that the next great discovery is still out there. For emerging Arctic explorers, that conviction couldn't come at a better time.Exxon Mobile Corporation (NYSE: XOM) has a century-long Arctic presence and ongoing commitment to the North Slope. The company has explored throughout Alaska including Cook Inlet, the Alaska Peninsula, St. George Basin, Norton Sound, Navarin Basin, Yukon Flats, Beaufort Sea and the North Slope. ExxonMobil is one of the top three producers of oil and the largest holder of discovered gas resources on Alaska's North Slope.Shell PLC (NYSE: SHEL) has stated that exploration plays a key role at the front end of the company's intent to create more value with less emissions. That exploration is focused on performance, discipline, and simplification across the business. "Our exploration programme supports Shell's target to sustain material liquids production through 2030 and grow total production including gas by around 1% per year to 2030 across our combined Upstream and Integrated Gas businesses."Chevron Corp. (NYSE: CVX) has been awarded four offshore leases for Greece exploration blocks. The company, via its four Dutch subsidiaries and with HELLENiQ ENERGY, has signed lease agreements with the Hellenic Republic. "We look forward to working with our partners HELLENiQ ENERGY and the Hellenic Republic to evaluate the hydrocarbon potential of these frontier areas," said VP of exploration at Chevron Kevin Mclachlan. "With our expertise in developing oil and gas projects worldwide, Chevron has the resources, experience, and technology to advance and unlock new energy supplies in this frontier region."BP PLC (NYSE: BP) has announced an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil, underscoring the company's push into frontier exploration. "We are excited to announce this significant discovery at Bumerangue, BP's largest in 25 years," said EVP of production and operations Gordon Birrell. According to the announcement, BP drilled an exploration well at the Bumerangue block, located in the Santos Basin,  404 kilometers from Rio de Janeiro, in a water depth of 2,372 meters; the well was drilled to a total depth of 5,855 meters. The company reports that in 2025 alone, it had 12 new discoveries, representative of the company's focus on exploration.The message from the world's leading energy companies is clear: Frontier exploration is back, and the stakes have never been higher. For those drilling in some of the Arctic's most promising and untested basins, the industry winds are blowing in the right direction.For more information about Greenland Energy Company, please visit the Greenland Energy Company profile.About NetworkNewsWireNetworkNewsWire ("NNW") is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today's market, NNW brings its clients unparalleled recognition and brand awareness.NNW is where breaking news, insightful content and actionable information converge.For more information, please visit www.NetworkNewsWire.comPlease view full terms of use and disclaimers on the NNW website applicable to all content provided by NNW, wherever published or re-published: http://www.nnw.fm/DisclaimerNetworkNewsWire
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Original: Energy Security in a Shifting World: Why New Supply Frontiers Matter

Shell, BP Apply for U.S. Sanctions Waivers to Advance Caribbean Gas DevelopmentsJanuary 28, 2026 10:51 AM
IH Market News
Shell (NYSE:SHEL) and BP (NYSE:BP) are pursuing approvals from the U.S. Office of Foreign Assets Control to move ahead with natural gas projects spanning Trinidad and Tobago and Venezuela, according to Trinidad’s energy minister Roodal Moonilal.Addressing delegates at the Indian Energy Week conference on Wednesday, Moonilal said Shell is seeking authorization to develop the Loran-Manatee gas discovery. The cross-border field is estimated to contain around 10 trillion cubic feet of gas, with roughly 7.3 tcf located in Venezuelan waters and about 2.7 tcf on the Trinidad side.BP, meanwhile, has submitted an application to develop the Cocuina-Manakin gas field, Moonilal said.The Venezuelan segment of Cocuina-Manakin forms part of the Plataforma Deltana offshore gas project, which is currently inactive but is estimated to hold about 1 trillion cubic feet of proven gas reserves.Shell stock priceBP stock price

Original: Shell, BP Apply for U.S. Sanctions Waivers to Advance Caribbean Gas Developments

$BP "Water Powered Car in 1974:

- Goes 70 MPH
- Travels over 1000 miles on one tank
- Releases zero pollution" We have been lied to, suppressed and conned by rich globalist money hungry elites.

Water Powered Car in 1974:

- Goes 70 MPH
- Travels over 1000 miles on one tank
- Releases zero pollution

We could be driving water-powered cars but the forces that manipulate humanity would… pic.twitter.com/L9TdRbsK78— MAVERICK X (@MAVERIC68078049) August 10, 2025

$BP: Moving now to $33.... Rumors of Shell Buyout

Value of deal could be around $80Billy

Keep an eye out on $40 September CALLS


GO $BP

hydrogen is heating up https://www.ballard.com/ $BP $BLDP

https://www.fool.com/investing/stock-market/market-sectors/energy/hydrogen-stocks/ $BP

BP Pulse - Investing in America
Exciting news, everyone! bp pulse is thrilled to announce its plan to install 3,000 high-speed charging points across the US by 2025.

Arno Thierry Vogels
Senior Manager Corporate Insights | Corporate Decarbonisation | bp
1w
https://www.linkedin.com/posts/arnovogels_fact-sheet-biden-harris-administration-takes-activity-7143525268475879425-Rb5S?trk=public_profile

Introduction to Max Clean 756

3 more share and I'll be off setting my fuel cost by $10 a pay date.

BP: my best bet so far.

Let's rock BP

BP Beats Expectations With $5 Billion Profit After Fending Off Shareholder Challenge

British oil major BP beat expectations in the first quarter on strong results from trading oil and gas, and said Tuesday that it will buy back a further $1.75 billion in shares.

BP's first-quarter underlying replacement-cost profit--a metric similar to net income that U.S. oil companies report--of $4.96 billion exceeded the $4.27 billion average forecast by 25 analysts in a survey compiled by the company. It compared with $6.25 billion a year prior.

The result followed a record-high full-year profit in 2022, and a move by BP in February to scale back earlier targets for reducing its oil-and-gas production.

That 2022 profit of $27.7 billion--by the same underlying replacement-cost measure--and BP's plans to increase spending on oil-and-gas production had made the company a target of some shareholders, including U.K. pension funds, who were angry about its slower-than-planned shift away from fossil fuels.

Bp all the way

?????

Let's get to 40

Well..damn. :) ... that was a fatty.

? Because they are getting out of that gig. The flip side is that this is getting too high in share price due to Oil pressure. Bp is a buy. After all these years, they are finally making correct decisions. This is a buy for a 5 year term or less and then adjust.

Fn' fat bank and when oil crashes...this will only feel like a small dent at the most.

Oil at $125, why isn't share price jumping

$BP-In holding so long for successfully a Twele month will see averages this is Smart entry.

You mean 5 to $6 price...yes?

What will $4 gas do to the price of this stock

$BP Gevo discusses recent BP contract and Net-Zero 1 green energy project developments
$GEVO

I hope the dividend is secure. I would have thought we would be back into the low 30 by now?

Hate Liars Member Level Friday, 06/11/21 03:20:05 PM
Re: Hate Liars post# 166126 0
Post #
166217
of 166218
Oil Companies, here are the facts on the Oil Test results:

PCT Ltd Catholyte-Free Study Using 15 API Gravity Crude Oil From The Grassy Creek Field Missouri And The Warner Sandstone Formation
June 08,2021
https://www.para-con.com/images/docs/2021-06-07%20Lab%20Tests%20Summary.pdf

PCT LTD Releases Current Oilfield Testing Results
Little River, SC – April 30, 2021 – PCT LTD (OTC:PINK “PCTL”)
provides an update relative to ongoing infield testing at the Grassy
Creek, MO testing site.
https://www.para-con.com/images/docs/PCTL04-30-21.pdf

During the three weeks, January 7th – 21st, PCTL implemented its oilfield testing protocols in Grassy Creek, MO. The purpose of the in-field testing was to gather empirical data relative to whether PCT Catholyte was effective in enhancing oil production in shallow wells, and then to determine the effective enhancement of each well and what process and protocols yielded the best results. In our first round of in-field testing, we selected and tested six (6) producing oil wells (that had prior “damage”) and one (1) injection well. The baseline of 99/1 (water/oil) was established. Over the next two (2) weeks, we injected PCT Catholyte, ran dye tests and the results improved to a 97/3 ratio of water to oil. Severe weather shut in our testing for approximately eighteen (18) days. Once we were able to resume testing in March, we changed the treatment regimen, ran further dye tests, shut in 3 non-oil producing wells and assessed the findings: 92/8, a 250% increase over baseline data.

Later in March, we added three (3) new wells, increased the intervals of treatment with different specifications of PCT Catholyte, ran new dye-tests and determined another increase in water/oil, up to 90/10; then saw further improvement to 80/20 by the end of March. Our most recent test results indicate a level of 60/40 water to oil ratio, which is a significant turn-around.

Testing continues and PCTL will release the findings in a technical
report within thirty (30) days.

Grassy Creek Overview
by David L. Holcomb, President - Pentagon Technical Services Inc.
Gary Grieco, CEO and Chairman - PCT LTD
February 4, 2021
https://www.para-con.com/2021-02-04-grassy-creek-overview.php

Maverick Energy Services – PCT LTD. Catholyte – Grassy Creek Oilfield, Waterflood Improvement Project, Vernon County, MO

PCT Ltd. is working with Maverick Energy Services in Vernon County, Missouri, to use a unique electrochemically produced catholyte to enhance the injectivity, sweep efficiency, and oil production in a modified seven-spot well pattern. This seven-spot pattern #2A is a part of the larger Grassy Creek Oilfield where all seven wells are situated in the eastern part of the field and are closely spaced making them ideal for a field pilot test. These particular wells have not been treated other than by traditional waterflood. (Other wells in Grassy Creek were treated with a steam flood and a surfactant with limited success.) The pay thickness is between 20 and 25 feet for the lower Bluejacket SS and up to 80 feet in the Warner SS. The porosity in the Bluejacket is between 14-16% and 21-24% in the Warner. The permeability is between 20 and 40 md in Bluejacket and between 118 and 687 md (avg. 350 md) in the Warner. The crude oil is moderate to low gravity (19-29 degrees API), and reservoir temperatures average approximately 90 degrees F. The catholyte is produced onsite from special electroionizing process machinery using clean brine water. It can produce up to 700 gallons per day of 600-700 pm and 600-900 ORP catholyte. Storage is provided for up to 2000 gallons onsite, and a distribution line and pump is tied directly to the 2A seven-spot well injection well(s).

The project is using catholyte which has been initiated with Maverick Energy Services by designing up to an initial 30-day trial using varying volumes of the catholyte. The trial is being preceded by doing production and injection testing with fluorescent tracers on the two injectors (Warner and Bluejacket zones) as well as production tests on wells 2-1 through 2-6 to establish a baseline injection/production rate and pressure (if any since in the past some have gone on a vacuum), and monitoring every 4 hours for two to three days for tracer at each producer.

Once the baseline rates and pressures are established and the producing wells validated with positive or negative tracer shows, then the catholyte will be produced onsite and injected into the two injection wells or one injector depending on the results of the tracer testing for each zone. If all wells are not in communication with the injection well(s), then the issue will be addressed by considering polyacrylamide polymer as a small volume (250-500 gallon) pumped ahead of the next volume of catholyte to help slow breakthrough or channeling to certain wells and allow a more efficient distribution to the other wells. This may or may not be required to provide more uniform distribution of the catholyte in as many producing wells as possible on the seven-spot pattern. Once the injection profile is understood, then 1000 gallons of the (hot) 600-900 ppm catholyte solution will be manufactured and injected into PCT Catholyte separation experiment. Then the injectors will be returned to injection of normal brine and monitored on day two with bucket tests performed on each well that is producing, looking for improved oil cut in the WOR as well as any pressure changes. Samples will be collected at each producing well. Then on day three, another 750 gallons (hot) catholyte will be injected followed by putting the well back on injection with clean injection brine water. Injection will continue over the next 24 hours (day four) followed by the production and sample testing protocol as before. This will be followed on the fifth day by another 500 gallons of (hot) catholyte and injection over the next 24 hours to monitor production rates and pressures as well as WOR. If oil ratio begins to increase, then the seven spot can be maintained on injection and repeating repeating the catholyte injection sequence described above over the next several days up to 30 days if necessary. The goal is to prove the catholyte technology for this reservoir type by a markedly improved oil cut after two to four weeks injection of catholyte alternating with injection brine water mix).

The results will be evaluated, and it will be decided that the injection will be continued as catholyte alternating with brine water as may be required to maintain improved oil cut in the water oil ratio (WOR).

ReGen III Signs Definitive Agreement with bp

Vancouver, British Columbia--(Newsfile Corp. - May 17, 2021) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN41) ("ReGen III" or "the Company"), formerly known as Gen III Oil Corporation, is pleased to announce that further to the Company's press release dated May 3rd, 2021, ReGen III has signed a definitive, multi-year offtake agreement (the "Definitive Agreement") with bp for bp to purchase all of the Company's base oil production from the Company's proposed 5,600 bpd US Gulf Coast re-refining facility (the "USGC Facility"). The USGC Facility will serve as the foundation for ReGen III's future growth plans.

"This off-take supply agreement is a landmark Company milestone as it advances our proprietary and patented ReGen™ technologies to in-market, commercial adoption. This agreement rewards our long-standing conviction that our solutions address the growing global demand for environmentally friendlier base oil production by simultaneously recycling waste and reducing greenhouse gas emissions," states Greg Clarkes, Chairman and CEO of ReGen III. "We thank the global team at bp, who worked closely with us for fifteen months against the backdrop of a global pandemic. This team was instrumental to us realizing the Definitive Agreement."

ReGen III's proprietary and patented ReGen™ technologies re-refine used lubricating oils to produce high-quality Group II+ and Group III base oils that fill the onshore North American production shortfall. From a life-cycle assessment standpoint, the initial facility is estimated to eliminate 725,000 tonnes/annum of CO2 equivalent emissions versus the burning or current disposal methods for used motor oil[1]. This is the equivalent to removing the greenhouse gas emissions generated by over 156,000 automobiles in one year[2].

The Company's strategic objective is to become the leader in the global re-refined base oils market. Securing an off-take supply agreement for 100% of our USGC Facility's base oils production allows the Company to complete non-dilutive, best-terms financing to meet expansion and market penetration goals. The Company plans to identify a USGC Facility site shortly and move through project financing talks and all other necessary steps to advance the USGC Facility in a timely manner.

The agreement is the successful culmination of previous and related disclosure of a "potential client" and confidential negotiations with a "super major" in past press releases.

ReGen III leads the way with innovations in re-refining technology, with 10 patents awarded and seven pending globally. Our ReGen™ technology not only re-refines used lubricating oils removing waste but recycles it into new synthetic products and reduces the need to source virgin crude oils to manufacture engine lubricants.

About bp

https://www.bp.com/en/global/corporate/who-we-are.html

About ReGen III

ReGen III is a cleantech company creating more sustainable solutions that include better environmental outcomes and compelling economics. ReGen III owns a portfolio of patented technologies that enable used motor oil ("UMO") re-refineries to produce a higher value product mix of base oils than traditional methods, including 55% Group III. For more information about the Company, please visit www.ReGenIII.com .

On Behalf of the Board of ReGen III Corp.

"Greg Clarkes"
Greg Clarkes
Chief Executive Officer

For further information, contact Mark Redcliffe at (778) 668-5988.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

https://www.newsfilecorp.com/release/84325

Trading in a zone, with massive buy backs on the way, summer gas prices, the next move is up. This is the place to be! Going back to pre Covid prices $50+ by EOY

$bp $25.47 ^ 0.06 (0.24%)
Volume: 10,844,667 @03/19/21 7:58:55 PM EDT

With the economic recovery on its way and the stimulus coming in I don’t know why this doesn’t go over $30 soon. Target price $35 based on historical ave and peak target to $40. They have started green energy projects so if they show more investments in green sector they could be a bigger player in the market. Cyclical trade into summer should also boost price. My two cents since this chat room is quiet.

$bp $22.87 ^ 0.41 (1.83%)
Volume: 12,257,667 @02/19/21 7:59:34 PM EST

Texas is my wondering. Does oil keep going up from here to super spike levels? BP!!!

BP/ Amazon agreement- has that factored into BP stock price?

Can BP get back to 50 range this year? Option for Jan 22 would be nice to hit big. I’d like to pay off my mortgage.

$bp $22.25 v -0.61 (-2.67%)
Volume: 12,194,579 @01/29/21 7:59:44 PM EST

I notice they have gas stations all over the place...are they poised for a strong stock performance as the US tightens restrictions on fracking and drilling? Disclosure: I have been picking up some longer term call options in case this goes back to historic highs.

$bp $23.55 ^ 1.17 (5.23%)
Volume: 25,221,440 @01/06/21 7:59:53 PM EST

$bp $22.03 v -0.38 (-1.70%)
Volume: 13,760,137 @12/11/20 7:59:14 PM EST

BP-The_new_green_deal..pun-included

got 2 k shares at 19.89

$22

$bp $19.595 ^ 0.035 (0.18%)
Volume: 13,711,866 @11/19/20 3:54:53 PM EST

$bp $18.01 ^ 2.37 (15.15%)
Volume: 50,503,272 @11/09/20 7:59:31 PM EST

$bp $15.46 ^ 0.2 (1.31%)
Volume: 22,617,804 @10/30/20 5:44:18 PM EDT

$bp $15.85 v -0.2 (-1.25%)
Volume: 19,133,551 @10/26/20 5:22:54 PM EDT

They still paying their dividend too. not as good as Exxon or Chevron, but better than others...

$16 is crazy low

BP subsidiary Lightsource BP "secured 250 million financing for its 260MW Impact Solar project" https://www.lightsourcebp.com/2020/03/lightsource-bp-completes-financing-260mw-solar-project-texas/ - that's 1 billion for about 1 GW of capacity.. so it looks like its acquisition targets would be companies with market caps (in billions USD) about equal to their RE generation capacity (in gigawatts).

Of course, $250 million is what Impact's 0.26GW SOLD FOR - since BP financed the purchase, they'll end up paying substantially more to BUY it.

So, for example, Atlantica Sustainable (AY), with 1.5 GW and 3Bn market cap, would sell for be about twice what BP would be willing to borrow to buy it... certainly, BP wouldn't be likely to offer a significant premium over AY's current price of $29.56/sh, if they were considering AY as an acquisition target.

So.. probably not AY.. but BP definitely has acquisition goals, which means they're looking for targets.. so I'd love to figure out who those targets might be...

BP says "We're moving away from oil, becoming renewable energy supplier - our current 2.5GW renewable generation will be 50GW (gigawatts) by 2030. We'll get there through organic growth and acquisitions.

Does anyone wish to speculate on possible acquisition targets, or on how much BP would be willing to spend to acquire a hypothetical company with one GW of RE generation?

My guess is that they'd spend about $2.4 billion (USD) for 1GW new in service capacity, $1.2Bn if the installations are 50% through their expected service life.. so their 50GW over 10 year buy would be about $100 billion over 10 years, or 10 billion per year.

Does anyone else have a guess.. or a criticism of mine?