|Bid||13.98 x 50000|
|Ask||13.99 x 100000|
|Day's range||13.91 - 14.00|
|52-week range||12.26 - 15.92|
|PE ratio (TTM)||66.57|
|Earnings date||27 Oct 2017|
|Dividend & yield||0.95 (6.17%)|
|1y target est||15.27|
Each week, Friggi Oil Service pays a visit to Ai Due Otri, a traditional Sardinian restaurant in central Rome, to pick up what’s left in the frying pan.
Total (TOTF.PA), Eni (ENI.MI) and Statoil (STL.OL) are seeking buyers for their stake in the Teesside oil terminal in northern England, which receives crude from the Norwegian Ekofisk fields, part of the global Brent benchmark, banking sources said. The sale is run jointly by investment bank Rothschild and may fetch as much as $400 million (304.69 million pounds), according to the sources.
Italian oil major Eni is betting billions on Luca Bertelli being able to achieve something he's been doing since he was nine years old: spotting things others overlook. The geologist, who heads Eni's exploration team, began collecting rocks as a boy growing up in Tuscany, developing a curious eye that eventually led him to discover two of the world's biggest gas fields this century. Now the 59-year-old and his team are under pressure to show they can keep finding treasures others have missed – this time in waters off Mexico where former state oil monopoly Pemex has been exploring for decades.
MILAN, Oct (Shenzhen: 000069.SZ - news) 6 (Reuters) - Italian oil major Eni is betting billions on Luca Bertelli being able to achieve something he's been doing since he was nine years old: spotting things others overlook. The geologist, who heads Eni's exploration team, began collecting rocks as a boy growing up in Tuscany, developing a curious eye that eventually led him to discover two of the world's biggest gas fields this century.
French oil major Total (TOTF.PA) said it would undercut EDF (EDF.PA) and Engie (ENGIE.PA) in the French power retail sector with a 10 percent price discount, setting the scene for a possible price war. Launching Total's entry into a retail market dominated by former state monopolies EDF and Engie, CEO Patrick Pouyanne said he wanted to win a 10 percent market share - or 3 million customers - within five years before expanding deeper into Europe.
Kazakhstan's Karachaganak field produced 9.3 million tonnes of oil in January-September and will produce 12.0 million tonnes in total this year, Deputy Energy Minister Makhambet Dosmukhambetov said on ...
Strong oil demand growth in emerging economies led by China and India, but also from Europe, is drawing down oil stockpiles faster than expected, putting the global market firmly on track to rebalance, senior industry executives said on Tuesday. A surge in demand for diesel and fuel stock draws after Hurricane Harvey have also helped propel benchmark crude prices to nearly $60 a barrel, levels not seen in over two years, analysts said. Prices rallied in the third quarter as the Organization of the Petroleum Exporting Countries and non-OPEC producers cut output, and as Harvey knocked out nearly a quarter of U.S. refining capacity.
KMGK is using the funds to pay for its 8.48 percent stake in Kashagan, which it acquired in 2008. KazMunaiGas (KMG) increased its share in the Kashagan project in 2008 by 8.48 percent to 16.81 percent after equity participation of other consortium shareholders decreased in exchange for the government's permission to extend the budget and project time frame. "KMGK received an additional prepayment on August 10, 2017 for the amount of $600 mln and made early repayment of the second instalment … for a total sum of $804.4 mln," KMGK said on its website.
Liquefied natural gas (Dusseldorf: LI5.DU - news) will be the biggest source of carbon emission growth for the world's top oil and gas companies by 2025, according to a new study by Wood Mackenzie, as demand for the super-chilled fuel is set to rise sharply. Oil and gas companies such as Exxon Mobil (Swiss: XOM-USD.SW - news) , Royal Dutch Shell and Total (LSE: 524773.L - news) have promoted natural gas as a cleaner fossil fuel that will displace coal to meet growing demand for energy as the world shifts away from fossil fuels in the coming decades.
A group of energy firms has backed a disputed plan by EU regulators to attach emissions limits to subsidies for providing back-up power capacity to avert blackouts. The proposal by the European Commission, which would set a cap of 550 grammes of carbon dioxide per kilowatt-hour for new power stations, ruling out less-efficient coal and gas-fired plants, has been fiercely contested by Poland and some other EU member states. It is part of a draft reform of Europe's electricity market that calls for stricter rules on capacity mechanisms used in countries such as Britain and France to fund power generation that may not be cost-effective or as clean as renewable energy but is needed to guarantee supply during periods of peak demand.
Kazakhstan is aiming for a standalone deal with leading global oil producers on restraining its crude production due to a need to crank up output at its Kashagan field, a Kazakh official said on Thursday. The Central Asian nation increased oil and gas condensate output by 9.9 percent in January-July to 49.907 million tonnes, or 1.724 million barrels per day (bpd), exceeding its quota of 1.7 million bpd under a global supply pact. Kazakhstan has said it needs to adjust the terms of the deal as it expects to boost output later this year thanks to the giant Kashagan field.
The giant oilfield Kashagan in Kazakhstan is expected to produce 13 million tonnes next year , Kazakhstan's Deputy Energy Minister Aset Magauov said on Thursday. Kashagan oilfield has been developed by ...
Norway's licensing round to explore for oil and gas in mature offshore areas attracted bids from 39 companies, up from 33 firms last year, the Oil and Energy Ministry said on Wednesday. The announcement comes five days before a parliamentary election in Norway, where some opposition parties have called for scaling back exploration to reduce carbon emissions from Western Europe's top oil and gas producer.
A total of 39 oil companies asked for exploration acreage offshore Norway in the so-called predefined areas licensing round by the Sept. 1 deadline, the country's energy minister told TV2 News on Wednesday. ...
The Texas Gulf Coast was getting ready for the tropical storm Harvey to make landfall by Friday, bringing with it strong winds, heavy flooding and torrential rains. Hurricane, tropical storm and storm surge watches were in effect for counties on the eastern coast of Texas as the storm moved across the Gulf of Mexico, where it may strengthen into a hurricane. Winds up to 75 mph (120 km) and 15 inches of rain (40 cm) were forecast, according to the National Weather Service.
Royal Dutch Shell (LSE: 0LN9.L - news) and Anadarko Petroleum (Other OTC: ANDKU - news) announced production shut-ins affecting five Gulf of Mexico oil platforms on Wednesday ahead of a storm expected to lash the Texas coast with heavy winds and rain later this week. The U.S. National Hurricane Center issued a hurricane watch Wednesday for much of the Texas coast, calling for slow-moving Tropical Depression Harvey to intensify as it nears landfall. Texas Governor Greg Abbott declared a state of disaster for 30 counties ahead of the storm.
Anglo-Dutch oil major Royal Dutch Shell has started gas production from the second phase of the Gbaran-Ubie project in Nigeria's Niger Delta, the company said on Wednesday. The project is an expansion ...
* Urals crude differentials to dated Brent in northwest Europe were down for a fourth consecutive trading day on Tuesday as limited buying interest and weaker refinery margins coincided with high export ...
French oil major Total has overtaken rival Royal Dutch Shell to become the second-largest producer in the North Sea with its acquisition of Maersk's Norwegian and UK producing assets. The $7.45 billion ...
* Urals crude differentials to dated Brent in northwest Europe were down on Friday in anticipation of ample supplies in September, traders said. * They expect to see an extended loading plan for September ...
Three recently discovered major gas fields are expected to raise Egypt's natural gas output by 50 percent in 2018 and 100 percent in 2020, the petroleum ministry said. "The fields of Zohr, North Alexandria and Nooros are among the most important projects that will increase natural gas production ... and will contribute to (Egypt’s) natural gas self-sufficiency by the end of 2018," Petroleum Minister Tarek El Molla said in a statement, which set out the production forecasts. Egypt's natural gas production rose to about 5.1 billion cubic feet per day in 2017 from 4.4 billion cubic feet in 2016 with the start of production from the first phase of BP's North Alexandria project.
Russia's Rosneft, the world's top listed oil producer, wants to supply gas in parts of Europe where Gazprom is not present to avoid the risk of losing those markets to U.S. liquefied natural gas (LNG), a Rosneft executive said. Gazprom, the leading global gas producer, enjoys monopoly rights on gas pipeline exports from Russia.
** No "buy" on European big oils: Kepler Cheuvreux cuts remaining "buy" ratings under its coverage and revises down its long-term oil price expectations to $50/bbl from $60/bbl ** Kepler ...
LONDON--(BUSINESSWIRE)-- Citi (NYSE: C), acting through Citibank N.A., has been appointed by Eni S.p.A (“Eni”), as successor depositary bank for its American Depositary Receipt (ADR) programme, which trades ...
A tropical depression formerly known as Tropical Storm Cindy caused flooding on Thursday in several U.S. southeastern states, spawned a tornado that injured four people in Alabama, and cut 16 percent of Gulf of Mexico oil production. Cindy was a tropical storm when it made landfall near the Louisiana-Texas border about 3 a.m. CT (0800 GMT) Thursday, then weakened as it traveled north. By afternoon, it was over northern Louisiana, and its heavy rains had resulted in flooding and road closures in each state bordering the Gulf, from eastern Texas to northwestern Florida.