Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2015-10-15 19:30:00

REPSOL WILL DOWN 22%

REPSOL WILL DOWN 22%

Spanish oil major Repsol said on Wednesday its net profit could fall by up to 22 percent in 2015, hit by low crude prices and a loss of value of some of its North-American assets which will trigger a big impairment charge in the third quarter.

The group will present its 2016-2020 strategic plan on Thursday, less than a year after buying Canadian peer Talisman in a deal that raised its international profile and boosted output but also drastically increased its debt.

It is set to step up asset sales and cost and investment cuts as part of the new strategy which will seek to protect its investment grade rating and dividend from the slump in prices in the past year.

Repsol said it saw net profit reaching a range of between 1.25 billion and 1.5 billion euros ($1.43-1.72 billion) at the end of 2015, down from the 1.61 billion euros in 2014.

Its net profit cleaned of inventory effects is seen at between 1.6 billion and 1.8 billion euros, down from 1.7 billion euros in 2014.

The company said it would book a provision of 450 million euros in the third quarter from impairments at its Gas & Power and Mississippian Lime units in the United States.

The underlying business also showed signs of coming under increased pressure.

Repsol is still aiming for a full-year increase of earnings before interest, tax, depreciation and amortisation (EBITDA) but it switched on Wednesday to a target cleaned of inventory effects, which is deemed easier to achieve in the current context of lower oil prices.

The firm previously saw its 2015 EBITDA at between 5 billion and 5.5 billion euros, or an increase of up to 45 percent from 2014. It now sees its CCS EBITDA at between 5.2 billion and 5.45 billion euros, or an increase of up to 15 percent from 2014.

Its production, while up in the third quarter at 651,000 barrels per day from 526,000 barrels per day in the previous three months, was also below a 680,000 barrels per day target announced at the time of the Talisman purchase.

Refining margins, which shored up the balance sheet in recent quarters and offset the price pressure, were down slightly at $8.8 per barrel in the three months between July and September from $9.1 per barrel in the second quarter.

reuters.com

-----

More: 

REPSOL WILL CUT 1,500 JOBS 

REPSOL & TALISMAN: $8 BLN 

CANARIES: €7.5 BLN 

MADRID APPROVES CANARIES 

REPSOL DISCOVERED OIL 

REPSOL DISCOVERS SIBERIA 

REPSOL SOLD ARGENTINA 

REPSOL MAKES $622 M 

REPSOL STARTS IN PERU

 

Tags: REPSOL, OIL, PRICES

Chronicle:

REPSOL WILL DOWN 22%
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

REPSOL WILL DOWN 22%
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

REPSOL WILL DOWN 22%
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

REPSOL WILL DOWN 22%
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

All Publications »