SAUDI ARAMCO - Saudi Aramco announces commercial cooperation worth over $10 billion with 14 American companies during Saudi-US CEOs forum in New York
SAUDI ARAMCO - Petroliam Nasional Berhad (PETRONAS), the national oil company of Malaysia, and Saudi Aramco, the national oil company of Saudi Arabia, are pleased to announce the formation of two joint ventures for the Refinery and Petrochemical Integrated Development (RAPID) project.
REUTERS - Exxon along with Petrobras and Qatar Petroleum Intl shelled out 2.8 billion reais ($844 million) for a block in Brazil’s offshore Campos basin as the American oil major seeks to aggressively replace dwindling reserves.
РОСНЕФТЬ - Комментируя соглашение, Игорь Сечин заявил: «Россия и Катар инвестируют в экономику будущего – экономику знаний. Как отметил Президент Российской Федерации «сегодня важнейшим конкурентным преимуществом являются знания, технологии и компетенции. Это ключ к настоящему прорыву, к повышению качества жизни».
REUTERS - In a statement to the Shanghai Stock Exchange, Sinopec said it had allocated 117 billion yuan of capital expenditure for 2018, up from an actual spend of 99.38 billion yuan last year. That includes a 55 percent hike in upstream spending to 48.5 billion yuan, as China’s biggest refiner looks to make the most of a rally in oil prices since early February to over $70 a barrel.
SINOPEC - For the year 2017, the Company’s revenue was RMB36.209 billion, its net profit was RMB1.130 billion; asset-liability ratios remained low and cash flow performance remained strong. The Board recommended a final dividend of RMB0.144 per Share for the year 2017. After taking into account the interim dividend of RMB0.056 per Share, the total dividend for the year will be RMB0.200 per Share, the annual payout ratio is 79%.
GAZPROM - Gazprom continues to implement a number of strategic projects in the west. This work is key to the long-term development of Russia’s Unified Gas Supply System (UGSS) and the provision of reliable gas supplies to consumers in the European part of the country and the traditional European markets.
SHELL - Shell reiterated its expectation of $6-7 billion annual organic free cash flow from Downstream by 2020, at $60 per barrel (real terms 2016) and mid-cycle Downstream conditions, with $9-12 billion expected by 2025. The company plans to invest $7-9 billion a year across Downstream, and to deliver a return on average capital employed (ROACE) above 15%.
AOG - China National Petroleum Corporation (CNPC), the world’s third largest oil company, has been awarded stakes in two of Abu Dhabi’s offshore concession areas following the signing of agreements with Abu Dhabi National Oil Company (ADNOC).
GAZPROM - The Italian Republic is currently the third-largest importer of Russian gas. According to preliminary data, Russia’s gas exports to Italy grew by 99 per cent in March 1–19, 2018, compared to the same period of last year.