LUPE.ST - Lundin Petroleum AB (publ)

Stockholm - Stockholm Real-time price. Currency in SEK
206.60
+1.20 (+0.58%)
At close: 5:29PM CET
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Previous close205.40
Open205.10
Bid206.60 x 0
Ask206.70 x 0
Day's range205.10 - 207.50
52-week range156.10 - 216.10
Volume539,185
Avg. volume962,160
Market cap70.324B
Beta0.97
PE ratio (TTM)N/A
EPS (TTM)-0.34
Earnings date1 Feb 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est24.39
  • Globe Newswire17 hours ago

    Lundin Petroleum announces reserves and contingent resources update

    Stockholm, 2018-01-22 08:00 CET (GLOBE NEWSWIRE) -- Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that as at 31 December 2017, its proved plus probable net reserves (2P reserves) are 726 million barrels of oil equivalent (MMboe), its proved plus probable plus possible net reserves (3P reserves) are 895 MMboe and its best estimate net contingent resources (contingent resources) are 203 MMboe. The Edvard Grieg field, Lundin Petroleum's main producing asset, represents an increase of 51 MMboe gross 2P reserves from year end 2016, excluding production, and a 47 percent increase in best estimate ultimate recovery from the original PDO.

  • Globe Newswire6 days ago

    Update on fourth quarter 2017 financial results

    Lundin Petroleum AB (Lundin Petroleum) will expense pre-tax exploration costs of approximately MUSD 31 and recognise a net foreign exchange loss of approximately MUSD 69 as well as an after tax loss on sale of assets of MUSD 15 for the fourth quarter of 2017. The profitability for the fourth quarter of 2017 will be impacted by certain expensed exploration costs, a loss on sale of assets, as well as a net foreign currency exchange loss mainly related to the revaluation of loan balances.  These items are largely non-cash and will have no impact on operating cash flow or EBITDA.

  • Reuters6 days ago

    Statoil may build onshore terminal for Castberg oil - minister

    Statoil (STL.OL) has begun work on a proposal to build an onshore terminal in northern Norway for handling oil from the Arctic offshore Johan Castberg oilfield and other yet-to-be-developed resources, the country's energy minister and Statoil's chief executive said on Tuesday. A report on the proposal is expected in 2019, Minister of Petroleum and Energy Terje Soeviknes told Reuters on the sidelines of a conference. "We are working together with several other licence holders and operators to see if there is a basis for building a terminal," Statoil's Chief Executive Eldar Saetre, also speaking to Reuters, said.

  • Globe Newswire6 days ago

    14 licences awarded in the Norwegian licensing round

    Stockholm, 2018-01-16 16:16 CET (GLOBE NEWSWIRE) --  

  • Reuters - UK Focus6 days ago

    Norway awards 75 oil exploration licenses in 2017 APA round

    Norway's energy ministry has awarded 75 offshore exploration blocks to oil companies in a so-called predefined areas licensing round, handing out acreage to 34 firms, of which 19 got at least one operatorship, ...

  • Reuters12 days ago

    Norway sees near-record oil, gas output in 2022 as investment rises

    Norwegian oil and gas investments will begin to rise in 2018 after falling for the last four years, helping drive output to near-record highs in the next five years, the Norwegian Petroleum Directorate (NPD) said on Thursday. By 2022, combined output volume of oil and gas from the country's fields could approach levels last seen in 2004, the highest on record, it added. Oil and gas would each account for about half of production, the regulator said.

  • Reuters - UK Focus12 days ago

    Norway sees near-record oil, gas output in 2022 as investment rises

    Norwegian oil and gas investments will begin to rise in 2018 after falling for the last four years, helping drive output to near-record highs in the next five years, the Norwegian Petroleum Directorate (NPD) said on Thursday. By 2022, combined output volume of oil and gas from the country's fields could approach levels last seen in 2004, the highest on record, it added. Oil and gas would each account for about half of production, the regulator said.

  • Reuters - UK Focus12 days ago

    Norway's 2022 oil and gas output forecast close to record high -NPD

    Norwegian oil and gas investments will begin to rise in 2018 after falling for the last four years, the Norwegian Petroleum Directorate said on Thursday. By 2022, the combined output of oil and gas from ...

  • Globe Newswire13 days ago

    Exploration well completed on the Hurri prospect in the southern Barents Sea

    Stockholm, 2018-01-10 08:30 CET (GLOBE NEWSWIRE) --  

  • Reuters14 days ago

    Norway's oil industry to boost staffing in coming years - energy minister

    Norwegian oil companies and their suppliers will hire more people in the coming years as the industry recovers from a slump and the price of crude rises, Norway's Minister of Petroleum and Energy Terje Soeviknes told Reuters on Tuesday. "All evidence points to a significant increase in employment in the oil industry," Soeviknes said on the sidelines of a conference. In late 2017, oil firms presented new field development plans that will trigger billions of dollars of investment, and more plans are on the way in 2018.

  • Reuterslast month

    Oil firms to step up exploration off Norway next year after poor 2017

    Efforts to find new oil off Norway are expected to double next year, preliminary company plans show, with activity rising in more mature areas after this year's disappointing Arctic campaign. The pressure to deliver is growing as this year's poor exploration results were partly to blame for a drop in interest in Norway's latest licensing round. Around 45-50 exploration wells, including wells to delineate previously made discoveries, could be drilled next year on the Norwegian Continental Shelf (NCS), up from around 26 wells this year.

  • Reuters - UK Focuslast month

    Oil firms to step up exploration off Norway next year after poor 2017

    OSLO, Dec (Shanghai: 600875.SS - news) 21 (Reuters) - Efforts to find new oil off Norway are expected to double next year, preliminary company plans show, with activity rising in more mature areas after this year's disappointing Arctic campaign. The pressure to deliver is growing as this year's poor exploration results were partly to blame for a drop in interest in Norway's latest licensing round. Around 45-50 exploration wells, including wells to delineate previously made discoveries, could be drilled next year on the Norwegian Continental Shelf (NCS), up from around 26 wells this year.

  • Reuters - UK Focus2 months ago

    Norway says 11 oil firms seek Arctic drilling permits, down from 26

    Some 11 oil firms applied for stakes in exploration blocks offshore Norway in its ongoing 24th oil and gas licensing round, which has a record number of blocks on offer in the Arctic Barents Sea, the country's ...

  • Reuters - UK Focus2 months ago

    Norway's wealth fund says sale of oil stocks will take years

    The Norwegian sovereign wealth fund's proposed multi-billion dollar divestment from oil and gas stocks will take many years to complete, Chief Executive Yngve Slyngstad told reporters on Tuesday. The $1 ...

  • Reuters2 months ago

    Norway's $1 trillion wealth fund proposes to drop oil, gas stocks from index

    Norway's trillion-dollar (£758 billion) sovereign wealth fund is proposing to drop oil and gas companies from its benchmark index, which would mean cutting its investments in those companies, the deputy central bank chief supervising the fund told Reuters, sending energy stocks lower. If adopted by parliament, the fund would over time divest billions of dollars from oil and gas stocks, which now represent 6 percent - or around $37 billion - of the fund's benchmark equity index. The aim is to make the Norwegian government's wealth less vulnerable to a permanent drop in oil prices.

  • Reuters - UK Focus2 months ago

    Norway's centrist opposition backs wealth fund pull-out proposal from oil stocks

    The Norwegian sovereign wealth fund's proposal to remove oil and gas stocks from its benchmark index is a good idea, two centrist opposition parties said on Thursday. The Christian Democratic Party said in a statement it gave "full support" to the proposal, while the Liberal Party told Reuters it was "good advice". Liberal spokesman Terje Breivik added that the party had not formally decided its position on the proposal.

  • Reuters - UK Focus2 months ago

    Norway's fund divestment proposal sends European oil index to one-month low

    Europe's oil and gas index hit its lowest level since mid-October on Thursday after Reuters reported that Norway's trillion-dollar sovereign wealth fund had proposed to drop oil and gas companies from ...

  • Reuters - UK Focus2 months ago

    Norway government to conclude on potential wealth fund oil, gas divestments in 2018

    The Norwegian government plans to decide in the autumn of 2018 on whether to back a proposal from the country's wealth fund to cut oil and gas companies from its benchmark index, the Finance Ministry said in a statement on Thursday. "The issues raised by Norges Bank are complex and multifaceted. The advice from the Bank requires a thorough assessment, in line with established practice for key decisions on the management of the Fund," Finance Minister Siv Jensen said.

  • Reuters - UK Focus3 months ago

    European shares start November on a two-year high

    European stocks hit a two-year peak on Wednesday, lifted by resilient company earnings and record highs in world stocks, though a slump in Standard Chartered shares kept the banking sector under a cloud. The pan-European STOXX 600 ended up 0.4 percent after rising earlier in the session by as much as 0.7 percent to 398.05 points, a level last seen in August 2015. Some of that was down to Germany's DAX index which, playing catch-up after Tuesday's holiday, jumped 1.8 percent to a fresh record high, scoring its biggest one-day gain in more than six months.

  • Oilprice.com3 months ago

    Big Oil Refuses To Give Up On The Barents Sea

    Despite failures in the Barents Sea, oil and gas companies are refusing to give up on exploring what is projected to be a hugely profitable area

  • Arctic Oil Promise Keeps Norway's Disappointed Wildcatters Going
    Bloomberg3 months ago

    Arctic Oil Promise Keeps Norway's Disappointed Wildcatters Going

    It’s been a bad year for oil explorers in Norway’s Arctic: a record campaign in the Barents Sea yielded little; the most exciting well in years proved to be a flop; and Norwegians grew increasingly skeptical ...

  • Reuters - UK Focus4 months ago

    Canada's Cenovus sells Suffield for $416 mln to International Petroleum

    Canada's Cenovus Energy Inc has reached an agreement to sell its Suffield oil and gas assets for C$512 million ($416 million) to International Petroleum Corp, striking its second deal this month as it pushes ahead with its debt reduction plan. The Calgary, Alberta-based Cenovus said on Monday proceeds from the sale will be used to cut the C$3.6 billion in debt it took on to buy oil sands assets from ConocoPhillips (NYSE: COP - news) this year. Cenovus is targeting C$5 billion from asset sales to pay down the debt and so far it has announced C$1.5 billion in divestitures, including the latest sale.

  • Reuters - UK Focus4 months ago

    Aker BP plans to drill 6-8 exploration wells in 2018

    Aker BP (LSE: 0M5J.L - news) plans to drill between six and eight exploration wells off Norway next year, including four in the Barents Sea, the Norwegian oil firm's chief executive told Reuters. One of these will target a prospect in the southeast Barents on the maritime border with Russia and could contain significant new resources. "Yes, it can, but it also (has) quite a bit of risk," Chief (Taiwan OTC: 3345.TWO - news) Executive Karl Johnny Hersvik said in an interview at Aker BP's office near Oslo.

  • Reuters - UK Focus5 months ago

    Norway receives more bidders for mature areas oil licensing round

    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.

  • Reuters - UK Focus5 months ago

    Norway's mature areas licensing round attracts bids from 39 oil firms -minister

    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. ...

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