November 2016
2016, November, 23, 18:30:00
IRANIAN - IRAQI REDUCTION
Iran and Iraq emerged as major stumbling blocks to an OPEC agreement on reducing crude-oil output, as cartel members gathered ahead of their official meeting to tackle the thorny puzzle of how to share the pain of reducing their production
2016, November, 22, 19:00:00
OIL PRICES: ABOVE $49 AGAIN
Brent crude oil futures LCOc1 were up 85 cents a barrel at $49.75 by 1000 GMT (5:00 a.m. ET), having earlier risen $1 in a push against the $50 mark for the first time since the end of October.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 68 cents, or 1.4 percent, at $48.92 a barrel.
2016, November, 22, 18:55:00
ATTRACTIVE IRAN
Iranian oil and gas sectors are very much attractive to foreign investors because of low cast of production, a senior expert said on Monday.
2016, November, 22, 18:50:00
НОВАТЭК СПГ: БОЛЬШЕ $10 МЛРД.
«Новатэк» ожидает, что капитальные затраты на проект «Арктик СПГ – 2» на Гыданском полуострове превысят $10 млрд. Компания ведет предварительные работы по проектированию, мощность предприятия будет аналогична «Ямал СПГ» (16,5 млн т в год), запасы газа территории могут обеспечить поставки СПГ до 70 млн т в год, ресурсная база проекта – 1,2 трлн куб. м газа и 56,5 млн т жидких углеводородов по категории С1 + С2.
2016, November, 22, 18:45:00
IMF: UKRAINIAN CORRUPTION
Decisive steps particularly need to be taken to fight corruption, which remains the most frequently mentioned obstacle to doing business in Ukraine.
2016, November, 22, 18:40:00
NIGERIA INTO RECESSION
Nigeria, which was Africa's largest oil producer until a few months ago, slipped into recession after its economy shrank by 2.06% in Q2, as the impact of militant attacks on oil facilities weighed on the country's economy.
2016, November, 22, 18:35:00
SEADRILL NET LOSS $656 MLN
Highlights:
- Revenue of $743 million
- Operating income of $247 million
- EBITDA of $441 million
- 95% economic utilization
- Reported Net Loss of $656 million and diluted loss per share of $1.29, reflecting an $882 million non-cash impairment to investments primarily relating to Seadrill Partners.
- Underlying Net Income , excluding non-recurring items and non-cash mark to market movements on derivatives,was $135 million and earnings per share was $0.28.
- Cash and cash equivalents of $1.3 billion
- Seadrill Limited orderbacklog of approximately $3.0 billion
2016, November, 22, 18:30:00
TESCO NET LOSS $97.8 MLN
Tesco reported a U.S. GAAP net loss of $22.1 million, or $(0.48) per share, for the third quarter ended September 30, 2016. Our adjusted net loss for the quarter was $17.3 million, or $(0.37) per share, excluding special items, consisting primarily of several charges related to inventory and restructuring costs. This compares to a U.S. GAAP net loss of $18.9 million, or $(0.47) per diluted share, in the second quarter of 2016, and a U.S. GAAP net loss of $19.9 million, or $(0.51) per diluted share, for the third quarter of 2015. Adjusted net loss in the second quarter of 2016 was $15.8 million, or $(0.39) per diluted share, and in the third quarter of 2015 was $12.5 million, or $(0.32) per diluted share.
2016, November, 21, 19:10:00
OIL PRICES: ABOVE $47 ANEW
Brent crude oil LCOc1 was up 60 cents a barrel at $47.23 by 1120 GMT (6:20 a.m. ET). U.S. light crude CLc1 was up 50 cents at $46.07.
2016, November, 21, 19:05:00
RUSSIA IS READY
"We will do everything that our partners from OPEC are expecting. To freeze oil production is not an issue for us," Putin told a news conference in Lima after the APEC summit.