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This post is being written as part of HedgeFundBlogger.com's Investment Securities Tool which analyzes the holdings of hedge fund managers. With all the commotion surrounding energy these days, it never hurts to track an energy focused hedge fund ran by none other than T. Boone Pickens. If you are unfamiliar with Pickens, he is an energy maverick and his fund returned 300% in 2005. He is a big advocate of Peak Oil Theory and runs an energy-centric hedge fund based in Dallas, Texas. Although he typically holds numerous positions in oil, he is also big on alternative energy (except ethanol) and has numerous holdings there as well. He most recently advocated a large natural gas position and has additionally made a big bet on wind energy. So, now that we've got a little background on Boone and BP Capital, let's see what they were up to. The following are BP Capital's current holdings as of June 30th 2008, as released in their most recent 13F filing with the SEC. The positions in this most recent 13F were compared to last quarter's 13F and here are the changes made to their portfolio: New Positions: BPZ Resources (BZP): 350,000 shares. This position is 0.48% of BP's portfolio. EOG Resources (EOG): 322,266 shares. This position is 1.9% of BP's portfolio. Tenaris (TS): 1,106,394 shares. This position is 3.88% of BP's portfolio. Devon Energy (DVN): 845,946 shares. This position is 4.79% of BP's portfolio. Chesapeake Energy (CHK): 1,838,129 shares. This position is 5.7% of BP's portfolio. Added to: Occidental Petroleum (OXY): Increased position by 2.88%. Now 8.7% of their portfolio. Transocean (RIG): Increased position by 2.88%. Now 8% of their portfolio. Suncor (SU): Increased position by 105.7%. Now 7% of their portfolio. Schlumberger (SLB): Increased position by 11.6%. Now 6.5% of their portfolio. Halliburton (HAL): Increased position by 65.7%. Now 6.1% of their portfolio. Denbury Resources (DNR): Increased position by 2.88%. Now 5.4% of their portfol

http://richard-wilson.blogspot.com/2008/09/bp-capital-management-boone-pickens.html This post is being written as part of HedgeFundBlogger.com's Investment Securities Tool which analyzes the holdings of hedge fund managers. With all the commotion surrounding energy these days, it never hurts to track an energy focused hedge fund ran by none other than T. Boone Pickens. If you are unfamiliar with Pickens, he is an energy maverick and his fund returned 300% in 2005. He is a big advocate of Peak Oil Theory and runs an energy-centric hedge fund based in Dallas, Texas. Although he typically holds numerous positions in oil, he is also big on alternative energy (except ethanol) and has numerous holdings there as well. He most recently advocated a large natural gas position and has additionally made a big bet on wind energy. So, now that we've got a little background on Boone and BP Capital, let's see what they were up to. The following are BP Capital's current holdings as of June 30th 2008, as released in their most recent 13F filing with the SEC. The positions in this most recent 13F were compared to last quarter's 13F and here are the changes made to their portfolio: New Positions: BPZ Resources (BZP): 350,000 shares. This position is 0.48% of BP's portfolio. EOG Resources (EOG): 322,266 shares. This position is 1.9% of BP's portfolio. Tenaris (TS): 1,106,394 shares. This position is 3.88% of BP's portfolio. Devon Energy (DVN): 845,946 shares. This position is 4.79% of BP's portfolio. Chesapeake Energy (CHK): 1,838,129 shares. This position is 5.7% of BP's portfolio. Added to: Occidental Petroleum (OXY): Increased position by 2.88%. Now 8.7% of their portfolio. Transocean (RIG): Increased position by 2.88%. Now 8% of their portfolio. Suncor (SU): Increased position by 105.7%. Now 7% of their portfolio. Schlumberger (SLB): Increased position by 11.6%. Now 6.5% of their portfolio. Halliburton (HAL): Increased position by 65.7%. Now 6.1% of their po

TNK-BP is a major vertically integrated Russian oil company headquartered in Moscow. It is Russia's third-largest oil producer and among the ten largest private oil companies in the world.[1][2] TNK-BP is Russia's third largest oil company in terms of reserves and crude oil production. It is 50% owned by BP and 50% by a group of Russian businessmen, represented by the AAR (Alfa-Access-Renova) consortium. Since the merger in 2003 between BP's and AAR's assets in Russia and Ukraine, TNK-BP has expanded through acquisitions such as that of Slavneft and organically through improving operational efficiency. In that time, over a backdrop of shareholder dispute, TNK-BP's profits have risen from US$2.7 billion in 2003 to $5.3 billion in 2009. DeGolyer and MacNaughton confirmed that as of 31 December 2009 TNK-BP's total proved reserves amounted to 11.667 billion barrels (1.8549×109 m3) of oil equivalent, applying PRMS (formerly SPE) criteria. Proved reserves constitute a total proved PRMS reserve replacement ratio of 329%.[3]

BP Selected For Exclusive Negotiations To Finalise Participation In China's First LNG Import Scheme http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=2001374 BP announced today that it has been selected to enter exclusive negotiations to secure the position as the foreign partner in the JV tasked to develop China's first liquefied natural gas (LNG) import terminal and associated pipeline. The Chinese sponsors and BP will jointly conduct a Feasibility Study which, once approved by Chinese authorities, will lead to the formation of a JV company responsible for the construction and initial operating phase of the new plant. The Guangdong project in southern China will consist of an LNG re-gassification terminal near the city of Shenzhen, with a capacity of three million tonnes a year, together with 300 km of associated pipeline linking the terminal to the region in its first phase. It is due on stream in 2006. A successful finalisation of the negotiations will lead to BP taking a 30% equity stake in the project, partnering with a coalition led by the China National Offshore Oil Corporation (CNOOC) (33%), local Guangdong companies (31%) and two Hong Kong energy companies (6%). "This is a significant new step in expanding our China operations, and an excellent strategic fit with our Asia-Pacific gas reserves," BP chief executive Sir John Browne said. "The Guangdong project will cement our position as a leading global partner for China's rapidly growing gas markets and provides a platform for further growth for the BP Group in the province of Guangdong. China is the world's largest energy market outside the U.S. with a market expanding with continued economic deregulation. As China moves to cleaner fuels, gas demand will increase more rapidly still, and we now have the strongest possible access to the markets being created by that growth." BP's Phase one investment is estimated at some $180 million. An anticipated Phase two expansion

"MOSCOW -  British oil giant BP said Friday it is considering selling its 50 percent stake in its Russian joint venture TNK-BP, in a deal that could fetch at least $15 billion. TNK-BP, Russia's third-largest oil producer, is a joint venture between BP and AAR, a consortium of Russian billionaire shareholders. The company has been mired in a corporate dispute after AAR blocked BP's deal with another Russian oil company, Rosneft."

http://bp-holdings-barcelona-madrid-spain.wikia.com/wiki/BP_Holdings_Barcelona_-_Bly_Report:_recommendation_to_reality Immediately after the Deepwater Horizon accident in the Gulf of Mexico, BP asked its most senior safety professional, Mark Bly, to lead an investigation relating to the causes of the incident and make recommendations to help prevent such accidents from occurring. The investigation led to 26 recommendations for reducing risk in BP's drilling operations. Since the report's publication in 2010, BP has made a significant progress in implementing those 26 recommendations. BP Magazine finds out more In September 2010, four months after the Deepwater Horizon accident in the Gulf of Mexico, BP released its Deepwater Horizon Accident Investigation Report, known as the Bly Report, concluding that the accident resulted from a complex, interlinked series of failures involving multiple parties. The report was the work of an investigation team led by BP's head of safety and operations, Mark Bly, and consisted of more than 50 technical and other specialists, drawn not only from BP but also the wider energy industry. The team made 26 recommendations specific to drilling, aimed at further reducing risk. Accepting all of these recommendations, BP committed to their implementation across its worldwide drilling operations and the recommendations are now in the process of being implemented into the well designs by engineers and operations personnel. That implementation is overseen by the global wells organisation (GWO), established by BP in April 2011 to facilitate a stronger, centralised and standardised approach to all BP-operated wells activity. "Our mission is to deliver safe, compliant and reliable wells for BP," says Richard Lynch, head of GWO. "We have to be very clear about the work we are doing and the risks involved, and have plans in place to manage those risks. "Successfully delivering the report's recommendations will standardise th

"The campaigns of U.S. Senate candidates Russ Feingold and Ron Johnson sparred Friday over ownership of stock in BP, the British company behind the Gulf Coast oil spill. Johnson reported owning individual BP stock valued at $116,000 to $315,000. Feingold, the Johnson campaign noted, is a member of the Wisconsin Retirement System, which has invested in BP. The fuel was a financial disclosure report Johnson filed with the Senate and tax returns he voluntarily made public - reports that confirmed Johnson's personal wealth and also highlighted his history of major charitable donations. The Republican business executive from Oshkosh has reported taxable income averaging about $1 million a year for the past five years and $400,000 in charitable donations he deducted on his taxes. Johnson owns millions in stock, while Feingold, the Democrat seeking a fourth term, has just one mutual fund valued at $50,000 to $100,000. Johnson listed 153 stock and bond holdings, including 19 valued at more than $100,000. Johnson last month was critical of President Barack Obama's move to pressure BP into setting up a claims fund for victims of the spill. The company already has paid out millions of dollars from that fund. Johnson said BP acted negligently but argued that Obama should have let the courts decide on damages. Aides to Johnson said he had no plans to sell the stock and shouldn't be criticized for owning such a popular and common stock. "The spill in the Gulf is an economic and economic disaster, and Ron is just as angry about that as anybody else," Johnson campaign manager Juston Johnson said. He said Ron Johnson thought it was inappropriate to focus first on BP's negligence before the spill was capped and a cleanup was under way. Feingold aides said it wasn't fair to compare Johnson's ownership of BP stock to Feingold's retirement account, which is directed by the state investment board on behalf of government employees. Feingold was a state legislator before his electi