|Bid||42.90 x 1100|
|Ask||43.20 x 25000|
|Day's range||45.88 - 46.13|
|52-week range||41.83 - 49.50|
|PE ratio (TTM)||15.88|
|Dividend & yield||2.95 (5.69%)|
|1y target est||N/A|
Russia's biggest non-state gas producer Novatek will acquire a gas producing asset from Russia-focused fertiliser producer Eurochem as part of a new strategy, Novatek's head Leonid Mikhelson told reporters ...
LONDON, Oct (Shenzhen: 000069.SZ - news) 17 (Reuters) - Russia's Novatek plans to expand the Yamal LNG project by one more train with a capacity of 1 million tonnes of liquefied natural gas per year, the company's head, Leonid Mikhelson, said on Tuesday.
Nearly a year after the International Maritime Organization finalised rules that will cap ships' sulphur emissions at 0.5 percent of fuel content in 2020, from 3.5 percent now, Taylor and the heads of trading firms Gunvor, Glencore and Mercuria said there were still too many unanswered questions. The lack of clarity could create immense volatility in fuel prices if the bulk of vessels turn to low-sulphur gasoil. Shippers have several ways to comply – including investing in costly "scrubbers" to allow them to keep burning high-sulphur fuel oil, or shifting the roughly 4 million barrels per day of fuel they burn to more expensive low-sulphur gasoil.
Total is interested in developing the Majnoon oil field in southern Iraq which Shell is planning to exit, the Iraqi oil ministry said on Friday. A senior Total executive communicated the French company's ...
LIBREVILLE, Oct (Shenzhen: 000069.SZ - news) 13 (Reuters) - Gabon's government has proposed an 8 percent budget increase for 2018, although parliament could insist on a reduction as low crude prices continue to batter its oil-dependent economy. Gabon is Africa's fourth-largest oil producer. It has suffered from the 50 percent drop in crude prices since 2014 and its struggle to diversify the economy away from oil.
AMSTERDAM, Oct (Shenzhen: 000069.SZ - news) 12 (Reuters) - Royal Dutch Shell (LSE: 0LN9.L - news) has agreed to buy Dutch-based NewMotion, the owner of one of Europe's largest electric vehicle charging networks, marking the company's first deal in electric mobility as demand for cleaner vehicles is expected to soar. Shell said NewMotion, which manages over 30,000 charging points for electric vehicles in Western Europe and offers access to thousands more, will operate in parallel to Shell's programme of rolling out fast charging points at its forecourts.
Petrobras (PBR) declared that it will take necessary legal steps to protect the interest of shareholders only after receiving an official statement from the court.
JUBA, Oct (Shenzhen: 000069.SZ - news) 11 (Reuters) - South Sudan's president was a no-show for the nation's first international oil conference, a gathering that also failed to attract prospective investors from the biggest global energy companies. The turnout shows only smaller companies are risking bets on the oil sector of the world's youngest country. South Sudan has 3.5 billion barrels of oil and 3 trillion cubic feet of natural gas in proven reserves, and is seen by companies as one of the last frontiers in energy exploration in sub-Saharan Africa.
TOTAL S.A. 's (TOT) focus on deepwater African assets will continue to strengthen its production profile and boost performance.
A tender for developing Iran's Azadegan oilfield has been delayed again, a senior Iranian oil official said on Tuesday, adding that it will not take place in 2017. Tehran is looking to increase its crude output, and with 37 billion barrels of oil, the Azadegan field is Iran's largest, shared with neighbouring Iraq. Iran said in June that international energy companies including France's Total, Malaysia's Petronas and Japan's Inpex, have presented technical surveys for the development of the Azadegan field for the tender.
NEW YORK, Oct (Shenzhen: 000069.SZ - news) 9 (Reuters) - Oil prices inched higher on Monday after one of the most bearish weeks in months, propped up by OPEC comments signalling the possibility of continued action to restore market balance in the long term. Oil production platforms in the Gulf of Mexico also started returning to service after Hurricane Nate forced the shutdown of more than 90 percent of crude output in the area.
Chevron Corp. and Total SA have expressed readiness to help develop Iraq’s giant Majnoon oil field, which Royal Dutch Shell Plc said it wants to quit, according to Iraqi Oil Minister Jabbar al-Luaibi.
Iraqi oil minister Jabar al-Luaibi said on Monday that Chevron and Total are among the companies that have expressed interest in developing the Majnoon oilfield that Shell has said it wants to leave. Royal ...
LONDON, Oct (Shenzhen: 000069.SZ - news) 6 (Reuters) - Commodities trader and miner Glencore has swooped in to replace China's Sinopec as the buyer of Chevron's South African and Botswana assets after reaching a deal with local investors. The assets include a 100,000 barrel-per-day oil refinery in Cape Town, a lubricants plant in Durban as well as 820 petrol stations and other oil storage facilities.
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.
LONDON, Oct (Shenzhen: 000069.SZ - news) 5 (Reuters) - A recent string of fires at Royal Dutch Shell's refineries, including at Europe's largest, is expected to hit the oil and gas company's third-quarter profit and deal a setback to its efforts to improve the segment's performance. Shell's refining, trading and marketing division, known as downstream, was the driver of the Anglo-Dutch company's strong recovery in profits over the past year, as soaring demand for fuels offset a sharp drop in revenue from production of crude oil and natural gas amid a three-year price slump. Downstream profit in the third quarter of 2017 is however expected to drop to $1.5 billion from $2.5 billion in the previous quarter due to the refinery disruptions and Hurricane Harvey, which crippled many refineries in the U.S. Gulf Coast for weeks, said Anish Kapadia, senior research analyst at investment bank Tudor, Pickering, Holt & Co.
Chevron Corp Vice Chairman Mike Wirth will become chief executive next February, replacing the retiring John Watson, the oil and natural gas producer said on Thursday. The transition brings an executive with experience in the cost-cutting world of refining to Chevron (Euronext: CHTEX.NX - news) 's corner office as the industry emerges from a two-and-a-half year rout in crude prices that has squeezed revenue. Wirth, an engineer by training, has worked at Chevron since 1982 and previously ran the company's pipeline and chemicals and refining businesses.
The chief executive of Maersk Oil, Gretchen Watkins, will leave the company when Total's acquisition of the company has been completed, Maersk said Wednesday. Watkins joined Maersk Oil as Chief Operating ...
France's Total (LSE: 524773.L - news) has agreed to pay $1 million for an option to buy a 25 percent stake in an oil exploration block offshore Guyana, its first foray into an area close to where ExxonMobil made one of the largest discoveries of the last decade. Eco Atlantic Oil & Gas, a small Canadian exploration company which earlier this year listed on London's junior AIM market, said on Tuesday Total now had the option to acquire the stake in the Orinduik Block for another $12.5 million following the analysis of recently collected 3D seismic data. "In the event that the option is exercised by Total, the deal proceeds will recoup all our expenses on the expanded 3D program and fund us for drilling a minimum of two wells based on current well costs," said Gil Holzman, president and CEO of Eco Atlantic (Shanghai: 600558.SS - news) .
Norway's Statoil (LSE: 0M2Z.L - news) and partners are working to increase the output capacity of Troll, the country's largest gas field, a move traders say would enable the firms to produce more flexibly and cover production shortages at other fields due to outages. The Troll field accounts for 40 percent of Norway's gas resources and is a crucial energy source for many European states. Operator Statoil has awarded a front-end engineering and design (FEED) contract to engineering firm Aker Solutions so that oil and gas can be produced simultaneously from the Troll West reservoir, it said on Sept. 21.
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.
Urals crude oil differentials to dated Brent in northwest Europe rose again on Tuesday despite Russia's preliminary loading plan showing ample supplies ex-Baltic Sea ports on Oct. 1-10. Urals loadings ...
Urals crude differentials in northwest Europe rose on Monday in response to stronger demand for October barrels, traders said. In the Platts window, Shell bid for 100,000 tonnes of Urals ex-Baltic for ...