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Statoil Q2 lags forecast, cuts 2016 capex outlook

12:57am EDT

Statoil Asa : Q2 adjusted net result $-28 million (Reuters poll $295 million) . Q2 total oil/gas equity output 1.96 million boed (Reuters poll 1.91 million) . Q2 adjusted operating profit $913 million (Reuters poll $1.40 billion) . Statoil asa says is lowering its capex guidance for 2016 from usd 13 billion to usd 12 billion and its exploration guidance for 2016 from usd 2 billion to usd 1.8 billion . Statoil asa says production guidance remains unchanged, and expected annual organic production growth is 1% from 2014 to 2017 . Tax cash flow effects of around usd 2.5 billion from 2016 . Statoil asa repeats maintenance is estimated to reduce equity production by around 60 mboe per day for the full fiscal year 2016, which is higher than the 2015 impact . Statoil proposes q2 dividend of $0.2201 per share in line with own forecast (q1 dividend $0.2201 per share) . Statoil asa says shareholders will have option to receive dividend for q2 in cash or newly issued shares in statoil at a 5% discount . Statoil asa says scheduled maintenance activity is estimated to reduce quarterly production by approximately 115 mboe per day in the third quarter of 2016 . Statoil asa says adjusted net debt to capital employed of 31.2% .In q2 statoil made two discoveries on norwegian continental shelf (ncs) and one in canada.

Sinochem's share trade to halt amid reports related to its planned bid for Atotech

Tuesday, 26 Jul 2016 07:30am EDT

Sinochem International Corp <600500.SS> :Says share trade to halt from July 27 amid media reports related to its planned bid for Total's Atotech.

Bank Zenit receives mandatory offer from Tatneft

Tuesday, 26 Jul 2016 02:10am EDT

Bank Zenit : Says receives mandatory offer from Tatneft priced at 1 rouble per share .Says Tatneft own 49.04 percent of its ordinary shares.

Petrobras considers voluntary dismissal plan

Monday, 25 Jul 2016 07:21pm EDT

: The management of Brazil's state-run oil company Petroleo Brasileiro SA , also known as Petrobras, said on Monday it had submitted to its board a proposal for voluntary retirement of workers at Petrobras Distribuidora and other subsidiaries intended for divestiture . The communications department of the company said no date has been set for the implementation of the plan . It said no values, scope or other dimensions of the plan have been defined . The company is in the process of trying to sell off stakes in several of its assets to bring down its debt metrics (Writing by Reese Ewing) ((reese.ewing@thomsonreuters.com; +5511 5644 7721; Reuters Messaging: reese.ewing.thomsonreuters@thomsonreuters.net)).


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