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PTT.BK on Stock Exchange of Thailand

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Latest Key Developments (Source: Significant Developments)

Ptt Pcl posts qtrly net profit 46.17 bln baht vs 23.67 bln baht
Monday, 15 May 2017 10:44am EDT 

May 15 (Reuters) - Ptt Pcl :Qtrly sales and service income 509.80 billion baht versus 386.64 billion baht.Qtrly net profit 46.17 bln baht vs 23.67 bln baht.  Full Article

PTT Pcl says Thai economy in Q2 expected to expand at slightly greater rate than in Q1
Monday, 15 May 2017 10:30am EDT 

May 15 (Reuters) - Ptt Pcl ::"For the whole of 2017, global oil demand is expected to average 97.9 MMBD, shooting up from 96.6 MMBD in 2016"."Thai economy in Q2/2017 is expected to expand at a slightly greater rate than in Q1/2017".  Full Article

PTT PCL updates on Ptt Energy Green's disposition of investment in Chancellor Oil
Wednesday, 10 May 2017 10:14pm EDT 

May 11 (Reuters) - PTT PCL -:Updates on ptt energy green pte. ltd.'s disposition of investment in chancellor oil pte. Ltd.PR was unable to comply with the terms and conditions set out in thereunder; parties agreed to terminate sale and purchase agreement.  Full Article

Ptt Pcl clarifies on news regarding legal action commenced in Indonesia relating to the Montara Incident
Monday, 8 May 2017 02:46am EDT 

May 8 (Reuters) - Ptt Pcl :Refers to news reported in newspapers regarding legal action commenced in Indonesia relating to Montara incident in 2009 against co.Aware of reports that legal proceedings have been filed, but have not received any notification of the substance or extent of the claim.."Currently, PTTEP AA has never received clear evidence from the Indonesian government regarding damage from the incident".No oil from montara reached shores of indonesia or australia and that no long-term damage was done to the environment in the timor sea.Clarifies that since Montara incident, PTTEP and PTTEP AA have always cooperated with the government of Indonesia.  Full Article

PTT says made tender offers to repurchase two series of USD bonds
Sunday, 5 Mar 2017 09:23pm EST 

Ptt Pcl : Made tender offers to repurchase for cash two series of the company's usd bonds, issued and offered for sale overseas .Offer to repurchase series PTTF358A and PTTF42OA USD bonds for all outstanding bonds in amount of US$350 million and US$100 million respectively.  Full Article

PTT Pcl says FY net profit 94.61 bln baht vs 19.94 bln baht
Thursday, 16 Feb 2017 10:16am EST 

Ptt Pcl : FY net profit 94.61 billion baht versus 19.94 billion baht . FY sales and service income 1.718 trillion baht versus 2.025 trillion baht . Q4 net income of PTT and its subsidiaries 19.09 billion baht, down 29.2 percent from Q3 2016 . "Thai economy in 2017 is expected to grow at a similar rate as in 2016" ."For 2017, Thai baht is expected to depreciate to around 35.3-36.3 baht per US dollar".  Full Article

PTT PCL to more than double capacity of LNG terminal - Nikkei citing PTT CEO
Tuesday, 7 Feb 2017 03:54pm EST 

Nikkei: PTT PCL plans to more than double capacity of liquefied natural gas terminal, located in Rayong, from 5 million tons to 11.5 million tons - Nikkei citing PTT CEO .PTT intends to build second terminal near Rayong Province that can handle 7.5 million tons a year, bringing the total to 19 million tons - Nikkei citing PTT CEO.  Full Article

BP and PTT sign 1 mln tonnes per annum LNG deal
Wednesday, 28 Dec 2016 08:55pm EST 

BP Plc : BP and PTT sign LNG sale and purchase agreement . Says BP will provide PTT with approximately 1 mln tonnes of LNG per annum . Term of agreement is 20 years . Commercial terms of agreement were not disclosed . Lng supply will commence in 2017, sourced from BP's portfolio of LNG, including Freeport LNG project in USA Further company coverage: [BP.L] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

IRPC granted approval to enter into inter-company borrowing and lending contract with PTT
Tuesday, 20 Dec 2016 06:17am EST 

IRPC PCL :Board grants approval to enter into inter-company borrowing and lending contract between IRPC and PTT.  Full Article

PTT Pcl updates on restructuring of PTT’s business
Friday, 18 Nov 2016 01:40am EST 

Ptt Pcl : Ptt Oil And Retail Business Company Ltd has a plan to list its shares in the set . After restructuring of ptt’s business, PTTOR will become a flagship company for the oil and retail businesses in the future .Approved restructuring of co by means of transfer of oil business unit, and shares of cos related to oil business unit from ptt to ptt retail business co limited.  Full Article

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UPDATE 1-Thailand's PTTEP suspends Indonesia investment over oil spill case

BANGKOK, May 9 PTT Exploration and Production PCL said on Tuesday it was suspending investment in Indonesia after the Indonesian government filed a $2 billion lawsuit against the Thai state-owned energy firm for alleged damage from an oil spill eight years ago.