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Oil&Gas

Oil&Gas
2019, March, 13, 11:10:00

SAUDIS INVESTMENT FOR INDIA

India is seeking investment from Saudi Arabia to build emergency crude reserves that will act as a buffer against volatility in oil prices and supply disruptions for the third-largest oil consumer.

Oil&Gas
2019, March, 13, 10:55:00

BRITAIN'S OIL GAS PRODUCTION UP TO 1.7 MBD

British oil and gas production rose 4 percent to 1.7 million barrels of oil equivalent per day in 2018 compared with the previous year, according to the Oil and Gas Authority, an industry regulator.

Oil&Gas
2019, March, 13, 10:40:00

PETROBRAS NET INCOME $7.17 BLN

Net income in 2018 was US$ 7,173 million, equivalent to US$ 0.55 EPS, reflecting higher operating income and improved financial results, due to lower interest expenses as a result of lower indebtedness and gains due to the renegotiation of debts of the electric sector.

Oil&Gas
2019, March, 13, 10:35:00

PETRONAS PROFIT UP TO RM55.3 BLN

PETRONAS’ Profit after Tax (PAT) rose by 22 per cent in 2018, to RM55.3 billion, compared to RM45.5 billion in 2017, on the back of higher revenue and supported by net write-back of impairment on assets. These were partially offset by higher net product and production costs, depreciation and amortisation as well as tax expenses.

Oil&Gas
2019, March, 11, 11:15:00

VENEZUELA'S PAYMENT TO CONOCO $8.7 BLN

PLATTS - An international tribunal on Friday ordered Venezuela to pay ConocoPhillips roughly $8.7 billion in compensation for the seizure of company assets in 2007.

Oil&Gas
2019, March, 11, 11:00:00

WORLDWIDE RIG COUNT UP 41 TO 2,306

BHGE - The worldwide rig count for February 2019 was 2,306, up 41 from the 2,265 counted in January 2019, and up 135 from the 2,171 counted in February 2018.

Oil&Gas
2019, March, 11, 10:55:00

U.S. RIGS DOWN 11 TO 1,027

BHGE - U.S. Rig Count is down 11 rigs from last week to 1,027 rigs, with oil rigs down 9 to 834 and gas rigs down 2 to 193. Canada Rig Count is down 22 rigs from last week to 189, with oil rigs down 22 to 118 and gas rigs unchanged at 71.

Oil&Gas
2019, March, 6, 11:25:00

LUKOIL'S PROFIT +48%

LUKOIL - In 2018, profit attributable to shareholders amounted to RUB 619.2 bln, 47.8% higher year-on-year. The growth was constrained by higher DD&A due to the launch of new production facilities.

Oil&Gas
2019, March, 4, 10:40:00

U.S. RIGS DOWN 9 TO 1,038

BHGE - U.S. Rig Count is up 57 rigs from last year's count of 981, with oil rigs up 43 and gas rigs up 14. Canada Rig Count is down 91 rigs from last year's count of 302, with oil rigs down 71 and gas rigs down 20.

Oil&Gas
2019, March, 1, 12:10:00

OIL PRICES 2019-20: ABOVE $60

Brent crude oil spot prices averaged $59 per barrel (b) in January, up $2/b from December 2018 but $10/b lower than the average in January of last year.

Oil&Gas
2019, March, 1, 12:05:00

FIVE OIL&GAS AREAS

MEOG - Saudi Aramco CEO Amin Nasser gave a speech at London Petroleum Week about the oil and gas industry's future--or, rather its perceived lack of a future. He addressed what he called a "worrying and growing belief among policy makers and regulators, investment houses, NGOs, and many others that we are an industry with little or no future."

Oil&Gas
2019, March, 1, 11:15:00

REPSOL'S NET INCOME €2.341 BLN

Repsol posted net income of 2.341 billion euros in 2018, a 10% increase from the 2.121 billion earned in 2017 and the highest in eight years. This was achieved with average Brent oil prices at 71 dollars per barrel last year, compared with more than 111 dollars in 2011.

Oil&Gas
2019, February, 27, 09:35:00

GLOBAL OIL FOR PEOPLE

“Our industry has made a pivotal and sustained contribution to the global economy and people’s lives, around the world, day after day for over a century. Two billion more people today have access to ample, affordable, and reliable sources of energy than even just a generation ago,”

Oil&Gas
2019, February, 27, 09:20:00

EXXON RESERVES UP

EXXONMOBIL - Exxon Mobil Corporation added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production.

Oil&Gas
2019, February, 27, 09:00:00

STAFF CHANGES AT GAZPROM

GAZPROM - The corresponding decisions on the termination of membership in the Gazprom Management Committee will be adopted by the Company’s Board of Directors.

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