|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||78.20 - 78.20|
|52-week range||78.20 - 78.20|
|PE ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
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.
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.
LONDON, Oct (Shenzhen: 000069.SZ - news) 4 (Thomson Reuters Foundation) - The world faces a ticking time bomb in the form of global warming, and recent disasters caused by extreme weather should motivate individuals to urgently seek "climate justice", said leading U.S. economist Jeffrey Sachs. The U.N. special adviser urged citizens to "flood the courts" with legal cases demanding the right to a safe and clean environment, and to pursue major polluters such as big oil companies and negligent governments for liability and damages. Who's going to pay?" asked Sachs, referring to a spate of disasters, including floods and storms, which scientists say are being exacerbated by climate change.
Brazil's Minister of Energy Fernando Coelho Filho speaks during the National Petroleum Agency (ANP) oil field auction at a hotel in Rio de Janeiro, Brazil on September 27, 2017
Royal Dutch Shell (LSE: 0LN9.L - news) is set to end a century of oil production in Iraq by withdrawing from two of the Arab state's flagship fields to focus on more profitable gas development. Shell's retreat highlights the challenges foreign operators face with low-margin oil contracts in Iraq, an OPEC member that sits on some of the world's biggest oil reserves and wants to boost production after years of conflict hindered development.
Royal Dutch Shell is in the process of selling its 20 percent stake in Iraq's West Qurna 1 oil field, a spokesman said on Wednesday. The move comes as the Anglo-Dutch company said it had handed back to ...
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 ...
BHP Billiton (NYSE: BBL - news) , the world's largest miner, has hired Barclays (LSE: BARC.L - news) and Citigroup (NYSE: C - news) to help it exit its underperforming U.S. shale oil and gas business, which could fetch around $10 billion, two banking sources said. U.S. activist investor Elliott Advisors, which has built up a 5 percent stake in BHP's London-listed arm, has urged changes including divestment of its U.S. petroleum business and ending its dual listing in Britain and Australia, to boost shareholder value. BHP said last week it is exiting its unconventional onshore shale assets Eagle Ford, Permian, Haynesville and Fayetteville, which it acquired at the height of the oil boom.
U.S. gasoline margins surged by more than 5 percent early Thursday morning as a potenial hurricane threatens the Gulf Coast, traders said. * The U.S. gasoline crack spread , a key measure of refining margins, ...
Exxon Mobil Corp said on Monday a fire broke out at its refinery in Rotterdam but that there were no injuries and most of the facility remained operational. The fire erupted in the powerformer unit of the complex and some flaring occurred to reduce pressure, Exxon said, adding it was cooperating with local emergency personnel. The complex can process about 190,000 barrels per day and the rest of the refining units and a connected chemical plant were still online, Exxon said.
Asian spot LNG prices rose this week as South Korean importers and Taiwan showed appetite amid a flurry of cargo offerings from projects across Asia and the Atlantic. Spot prices for September delivery ...
Kosmos Energy (NYSE: KOS - news) , which is exploring for gas offshore Senegal and Mauritania with oil major BP, will list on the London Stock Exchange (Other OTC: LDNXF - news) by the end of September in a bid to attract more European investors, it said on Wednesday. Kosmos, which has been listed in New York since 2011, announced a major gas find in partnership with BP off the coast of Senegal in May, boosting the area's reputation as one of the world's hotbeds for gas exploration. The company also owns parts of licences to drill for oil offshore Suriname in South America close to where U.S. oil major Exxon Mobil (Swiss: XOM-USD.SW - news) and its partners recently decided to go ahead with a $4.4 billion oilfield megaproject.
Exxon Mobil (Swiss: XOM-USD.SW - news) has been fined $2m for violating sanctions against Russia while US Secretary of State Rex Tillerson was its CEO. The US Treasury said the oil company had shown "reckless disregard" for sanctions imposed by the Obama administration in 2014 over Russia's annexation of Crimea. Exxon's "senior-most executives" were aware of the sanctions when two of its subsidiaries signed deals with Russian oil magnate Igor Sechin, it added.
Angry Dutch residents living near the huge Groningen gas field demanded a total halt to production, accusing oil companies of causing house-damaging earth tremors and the government of lying at a hearing in the Netherlands' highest court on Thursday. Residents want extraction at the field, which once supplied 10 percent of the European Union's gas needs, to be stopped altogether due to minor earthquakes that have damaged thousands of homes and buildings. Gas production company NAM, a joint venture between oil majors Royal Dutch Shell (LSE: 0LN9.L - news) and Exxon Mobil (Swiss: XOM-USD.SW - news) , has accepted responsibility for damage caused by the quakes, for which it is paying more than 1 billion euros ($1.14 billion).
US Secretary of State Rex Tillerson, former chief executive of Exxon Mobil, speaks during the 22nd World Petroleum Congress opening ceremony on July 9, 2017 in Istanbul
The S&P 500 and Dow Industrials moved higher on Monday, with the Dow hitting an intraday record as energy and bank stocks gained, but continued weakness in the technology sector pulled the Nasdaq lower. The S&P energy index rose 2.0 percent, its best performance in nearly a month, led by gains in Exxon Mobil (Swiss: XOM-USD.SW - news) and Chevron (Euronext: CHTEX.NX - news) .
A joint venture between Royal Dutch Shell and Exxon Mobil (Swiss: XOM-USD.SW - news) said on Wednesday it would appeal against a Dutch government plan to lower a production cap at the Groningen natural gas field by a further 10 percent. The 50-50 Exxon-Shell (LSE: RDSB.L - news) joint venture, known as NAM, said it had been left in an impossible position by being told it could continue production - vital to supply homes with gas - but without guarantees it is meeting safety standards. "We need to know the rules of the game," NAM director Gerald Schotman told reporters.
Oil giants including Exxon Mobil (Swiss: XOM-USD.SW - news) and Royal Dutch Shell (LSE: 0LN9.L - news) risk spending more than a third of their budgets by 2025 on oil and gas projects that will not be feasible if international climate targets are to be met, a thinktank says. More than $2 trillion of planned investments in oil and gas projects by 2025 risk becoming redundant if governments stick to targets to lower carbon emissions to limit global warming to 2 degrees celsius, according to a report by the Carbon Tracker thinktank and a group of institutional investors. The report analysed the costs of oil and gas projects planned for approval by 69 companies into 2025.
BP and Reliance Industries said on Thursday they would invest $6 billion to boost India's gas output from an east coast block and expanded their tie-up to feed the South Asian nation's rising fuel and renewable energy demand. India is replacing China as the driver of fuel demand growth globally.
SINGAPORE/LONDON, June 5 (Reuters) - Saudi Arabia and key allies on Monday cut ties with Qatar, the world's top seller of liquefied natural gas (LNG), stoking concern over any supply disruptions to neighbouring countries spilling over into global gas markets. Saudi Arabia, along with the United Arab Emirates and Egypt - both highly reliant on Qatari gas via pipeline and LNG - and Bahrain said they would sever all ties including transport links with Qatar, an escalation on past diplomatic spats.
China and Europe pledged on Friday to unite to save what German Chancellor Angela Merkel called "our Mother Earth", standing firmly against President Donald Trump's decision to take the United ...
A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it was considering appealing against a Dutch government plan to cut production at the Groningen gas field by 10 percent. The ...
A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it was considering appealing a Dutch government plan to cut production at the Groningen gas field by 10 percent. The Dutch state ...