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May 2017

May 2017
2017, May, 2, 16:25:00
SAUDI CUTS PRICES
Saudi Arabia, the world’s largest crude exporter, cut pricing for June oil exports to Asia as it fights to defend sales in its biggest regional market. The kingdom raised pricing to all other regions.
May 2017
2017, May, 2, 16:20:00
OIL PROJECTS CUTTING
IEA - This sharp slowdown in activity in the conventional oil sector was the result of reduced investment spending driven by low oil prices. It brings an additional cause of concern for global energy security at a time of heightened geopolitical risks in some major producer countries.
May 2017
2017, May, 2, 16:15:00
RUSSIA: THE TOP
The world’s largest energy consumer increased imports from Russia by about 9.3 percent to 4.69 million metric tons in March from February, according to data released Tuesday by the General Administration of Customs. That’s also up 0.9 percent from a year earlier. Saudi Arabia, the biggest crude exporter, retreated to the third-biggest seller last month from No. 1 a month earlier as shipments fell 4.6 percent to 4.55 million tons.
May 2017
2017, May, 2, 16:10:00
U.S. RIGS INCREASING
The US tally of active drilling rigs increased by 13 to 870 during the week ended Apr. 28, marking the 12th double-digit rise during 15 straight weeks of gains. The count is now up 466 units since the nadir of the drilling downturn on May 20-27, 2016, and at its highest point since Aug. 28, 2015. Since its last decline, the count is up 211 units.
May 2017
2017, May, 2, 16:05:00
BP'S PROFIT $1.5 BLN
"Our year has started well. BP is focused on the disciplined delivery of our plans. First quarter earnings and cash flow were robust. We have shown continued operational momentum - it was another strong quarter for the Downstream and the first of our seven new Upstream major projects has started up, with a further three near completion. We expect these to drive a material improvement in operating cash flow from the second half."
May 2017
2017, May, 2, 16:00:00
NABORS NET LOSS $149 MLN
Nabors Industries Ltd. reported first quarter 2017 operating revenue of $563 million, compared to operating revenue of $539 million in the prior quarter. Net income from continuing operations attributable to Nabors for the quarter was a loss of $149 million, or $0.52 per share, compared to a loss of $331 million, or $1.17 per share, in the fourth quarter of 2016. The first quarter results include $7.8 million in net after-tax charges, or $0.03 per share, representing premiums incurred in open market purchases of near-term debt.
May 2017
2017, May, 1, 12:40:00
OIL PRICES: ABOVE $51 ANEW
NYMEX crude for June delivery CLc1 was down 12 cents at $49.21 a barrel by 0619 GMT. London Brent crude for new front-month delivery in July LCOc1 was down 15 cents at $51.90.
May 2017
2017, May, 1, 12:35:00
СОТРУДНИЧЕСТВО РОССИИ И ПАКИСТАНА
«Крупные российские компании заинтересованы во взаимовыгодной кооперации с пакистанскими партнерами. Российские экономоператоры готовы предложить услуги в области совместного строительства новых и модернизации имеющихся объектов генерации, а также осуществления поставок оборудования российского производства», - сообщил глава Минэнерго России.
May 2017
2017, May, 1, 12:30:00
GAZPROM'S PROFIT UP 21%
Profit attributable to the owners of PJSC Gazprom for the year ended December 31, 2016 totaled RUB 951,637 million which is RUB 164,581 million, or 21 %, more than for the same period of the prior year.
May 2017
2017, May, 1, 12:25:00
NOVATEK'S PROFIT DOWN 38.7%
Profit attributable to NOVATEK shareholders decreased by 38.7% to RR 71.0 billion (RR 23.54 per share), as compared to RR 115.9 billion (RR 38.40 per share) in the first quarter 2016. The amount of profit was significantly impacted by the foreign exchange effect (including at the joint ventures level), and its dynamics – by the effect of the disposals of interests in joint ventures. Net of these effects, our adjusted profit attributable to NOVATEK shareholders increased by 20.2% to RR 44.3 billion compared with the first quarter 2016.