SANCTIONS: BP UNAFFECTED
Sanctions imposed on the chief executive of Rosneft (ROSN.MM) over the Ukraine crisis have not impacted BP's (BP.L) business with the Russian oil producer, Interfax news agency quoted BP chief executive Bob Dudley as saying on Saturday.
Reiterating that BP stands by its Russian investments, Dudley said the sanctions related to Rosneft CEO Igor Sechin's private matters.
"I am able to meet with him to solve issues related to the Rosneft oil company," Dudley was quoted as saying in a Russian-language report by Interfax. But he added: "It does not affect our cooperation with the company itself."
BP holds a 19.75 percent stake in Rosneft.
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BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.
NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.
NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.
REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.