Regiments move in ranked-up units, and strategic manoeuvring into position to launch or receive a critical charge will be as much a key part of the game as it ever was.” “Definitely square! Warhammer: The Old World is a reinvention of the classic rank-and-file game of Warhammer Fantasy Battles. They already answered the BIG burning questions regarding Bases and Scale of the new game: It’s been two years since GW first announced it would be returning in November 2019. We’ve all been waiting with bated breath for any word onthe big relaunch of Warhammer Fantasy in some form. ( Click here for previous coverage of BP breakup speculation.There’s new scuttlebutt doing the rounds on Warhammer: The Old World’s timeline. "Whether the model fits for the larger companies remains to be seen." "Splitting up an oil company can make for quicker decision times as well as sharper capital and other resource allocation," Andrew Steinhubl, a partner at management consultant Bain & Co. The proposed $8 billion tie-up with Rosneft to explore Russia's Arctic Kara Sea was blocked by the billionaire partners in the TNK-BP venture. He signed a $7 billion deal with Reliance Industries Ltd. Since taking over in October, Dudley has overseen the sale of $25 billion upstream assets in Argentina, Colombia, Pakistan and Vietnam and said he will focus the company on exploration. "Why not break up into various upstream businesses? Bob has steadied the ship, but it should be doing better than this." "Once they've sold Carson and Texas City, they won't have much refining left and it would be difficult to exit completely," Iain Armstrong, an analyst at London-based broker Brewin Dolphin, told Bloomberg.
refineries will subtract about another 700,000 barrels of capacity. The proposed sale of two of its five U.S. BP plants can process about 2.7 million barrels of crude a day, down from 3.2 million barrels in 2000. "Conoco spinning out downstream activities keeps the debate going about the benefits of integration," Tim Mann, a fund manager at Legal & General Group Plc, told the news agency.īP has spent more than a decade paring down its refining arm because of overcapacity in Europe and the United States, the report said. government would block any such proposal while Macondo liabilities are outstanding, but there are enough notes out there on the possibility to merit a considered response." "The principle of a split deserves a good airing," Ivor Pether, a fund manager at Royal London Asset Management, told Bloomberg. And click here for coverage of the Marathon split.)īP shares are down 28% since the oil spill in the Gulf, compared with a 13% gain for shares of larger rival Royal Dutch Shell Plc over the same period.īP spokesperson Robert Wine said the company has no plans to split up its downstream refining and marketing operations and upstream exploration business. ( Click here for previous CSP Daily News coverage of the ConocoPhillips split. Shares in Houston-based Marathon have gained 23% since it announced its split on January 13 even as a new refining company with a market value of $14.4 billion was created. "Perhaps that means they need to take as radical a route as ConocoPhillips, or articulate a better strategy."ĬonocoPhillips's spinoff plan follows a similar move by Marathon Oil Corp.
"On a sum of the parts basis, BP is ludicrously undervalued," JO Hambro Capital Management Group Ltd.'s Clive Beagles told the news agency. The company currently trades at about $147 billion. JPMorgan Cazenove said BP's assets are worth about 800 pence a share, equal to a total market value of about $248 billion. Conoco's decision to split its refinery arm from its exploration and production business led analysts at banks including UBS AG, Bank of America and JPMorgan Cazenove to recommend BP look at a similar move, said the report.ĬEO Dudley's efforts to revive BP have been undermined by a failed exploration deal with Russia's OAO Rosneft and the prospect of billions of dollars of fines from the spill. BP, trying to recover from last year's Gulf of Mexico disaster, has lagged behind its three larger rivals this year. LONDON - Robert Dudley could unlock $100 billion for BP Plc investors by following ConocoPhillips and splitting up Europe's second-biggest oil producer, said Bloomberg.
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