CONOCOPHILLIPS 1Q UP
ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported a flat quarterly profit that topped expectations and said production edged higher as output from its North American shale and Canadian oilsands projects rose.
Profit in the first-quarter was $2.1 billion, or $1.71 per share, compared with $2.1 billion, or $1.73 per share in the same quarter a year ago.
Excluding one-time items related to storage and transportation agreements, Conoco had a profit of $1.81 per share.
Analysts on average had expected a profit of $1.56 per share, according to Thomson Reuters I/B/E/S.
Oil and gas production from continuing operations excluding Libya was 1.53 million barrels oil equivalent per day (boed), up 24 million boed from the 2013 first quarter.
Shares of Conoco rose in pre-market trade to $75.45, up 1.5 percent from Wednesday's New York Stock Exchange close.
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LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.
BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.
REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.
ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.