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QEP announces closing of Pinedale divestiture

Monday, 25 Sep 2017 04:20pm EDT

Sept 25 (Reuters) - QEP Resources Inc :QEP announces closing of Pinedale divestiture.QEP Resources Inc - ‍Company provided updated 2017 guidance and 2018 outlook​.QEP Resources Inc - Company expects its pending Permian Basin acquisition to have minimal effect on 2017 guidance.QEP Resources Inc - ‍Removed approximately 0.2 MMbbl of oil, 17.0 Bcf of gas, and 0.3 MMbbl of NGL from company's 2017 production guidance​.QEP Resources - For 2017, Co reduced its oil production guidance to a midpoint of 19.75 MMbbl, natural gas production guidance to a midpoint of 167.5 Bcf.QEP Resources Inc - For 2017, company reduced its NGL production guidance to a midpoint of 5.5 MMbbl.QEP Resources - ‍If crude oil prices $50.00/Bbl & natural gas at $3.00/MMbtu, sees 2018 capital investments to more closely align to forecasted cash flows​.QEP Resources Inc - ‍Expects 2018 forecasted crude oil production growth to be in mid-teens compared with midpoint of updated 2017 guidance​.QEP Resources - ‍For 2017, Co reduced natural gas production guidance to midpoint of 167.5 Bcf and NGL production guidance to a midpoint of 5.5 MMbbl​.QEP Resources Inc - Expects to have an approximately one month delay in placing certain wells on production in 2017 in Permian basin.QEP Resources Inc - Company's 2017 capital investment program in Permian basin will not be reduced as a result of delay in pop dates.

Erg CEO confident will close sale of Italy petrol stations by year-end

Monday, 25 Sep 2017 11:10am EDT

Sept 25 (Reuters) - Renewable energy company Erg CEO Luca Bettone says::he is "quite confident" will close the sale of the petrol station network Erg runs in Italy with France's Total <<>> by the end of the year..

Total's CEO targets 3 million clients in French gas and power market

Monday, 25 Sep 2017 05:34am EDT

Sept 25 (Reuters) - Total Sa :Total's CEO Patrick Pouyanne said on Monday that the company was targeting 3 million clients in the French gas and electricity market..Pouyanne had said previously that Total will start retailing gas and power in France by the end of this year and aimed to win about 2 million customers. nL8N1LG5V4.

Total Pouyanne says some big projects facing difficulties in execution, delays

Monday, 25 Sep 2017 05:25am EDT

Sept 25 (Reuters) - Total Sa :Total CEO Patrick Pouyanne told investors in London on Monday that some giant projects the company was involved in such as the Ichthys LNG project were facing difficulties in execution and some delays..

Statoil sets new target for cut in co2 emissions from Norway

Friday, 22 Sep 2017 01:32am EDT

Sept 22 (Reuters) - Statoil Asa ::Says has achieved its 2015 target of reducing co2 emissions from Norwegian continental shelf (NCS) by 1.2 million tonnes annually from 2008 to 2020.In 2008 the petroleum industry, under the direction of Konkraft, set a collective energy efficiency goal equivalent to 1 million tonnes of CO2 per year between 2008 and 2020. Statoil’s share of this was 800,000 tonnes.In 2015 Statoil achieved this goal, and therefore the company raised its target by 50 percent to 1.2 million tonnes the same year.Aims now to reduce CO2 emissions from the NCS by another 2 million tonnes by 2030, i.e. a total of 3.2 million per year.In August 2016, the petroleum industry, under the direction of the Norwegian Oil and Gas Association, launched an ambition of introducing carbon reduction measures equivalent to 2.5 million tonnes on the NCS by 2030, compared with 2020. Statoil’s share of this is 2 million tonnes.

VTB, Magnit, Aeroflot included to MICEX10 index as of Sept 22

Thursday, 21 Sep 2017 04:38am EDT

Sept 21 (Reuters) - MOSCOW EXCHANGE ::SAYS VTB BANK <<>>, MAGNIT <<>> AND AEROFLOT <<>> ORDS WILL BE ADDED TO THE MICEX10 INDEX .MCX10.SAYS FEDERAL GRID COMPANY <<>>, NLMK <<>> ORDS, AND SURGUTNEFTEGAS SNGS_p.MM PREFS WILL BE EXCLUDED FROM THE MICEX10 INDEX.THE NEW CONSTITUENT LIST WILL COME INTO FORCE ON SEPT. 22.

San Francisco, Oakland sue five companies ​over costs of climate change

Wednesday, 20 Sep 2017 01:15pm EDT

Sept 20 (Reuters) - City Attorney of San Francisco::San Francisco and Oakland sue Chevron, ConocoPhillips, Exxon, BP, Royal Dutch Shell​‍ ​over costs of climate change.

Abu Dhabi National Oil Co considers IPO for shipping business - Bloomberg

Wednesday, 20 Sep 2017 01:11pm EDT

Sept 20 (Reuters) - :Abu Dhabi National Oil Co considers IPO for shipping business - Bloomberg, citing people with knowledge of the project.

Ecoslops applies to French authorities for authorization to operate Marseilles project

Wednesday, 20 Sep 2017 11:36am EDT

Sept 20 (Reuters) - ECOSLOPS SA ::MARSEILLES PROJECT: ECOSLOPS APPLIES TO THE FRENCH COMPETENT AUTHORITY FOR AN AUTHORIZATION TO OPERATE.FORMAL APPLICATION TO FRENCH COMPETENT AUTHORITIES FOR AUTHORIZATION TO OPERATE OIL RESIDUE WASTE-PROCESSING UNIT AT LA MÈDE.‍TO OPERATE OIL RESIDUE WASTE-PROCESSING UNIT AT LA MÈDE, NEAR MARSEILLES IN PARTNERSHIP WITH TOTAL​.‍THIS UNIT SHOULD BE OPERATIONAL BY END OF 2018.​.

Oil major Total to buy French energy company Greenflex

Tuesday, 19 Sep 2017 03:10am EDT

Sept 19 (Reuters) - Total Sa :Total is to acquire Greenflex, a french company specialized in energy efficiency.Total says Greenflex forecasting revenues of more than €350 million in 2017 and employs 230 people.

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