Edition:
United States

Integrated Oil & Gas

Page 1

QEP Resources reports Q1 adjusted non-gaap loss per share $0.14

Wednesday, 26 Apr 2017 04:05pm EDT

April 26 (Reuters) - Qep Resources Inc :Qep resources reports first quarter 2017 financial and operating results.Q1 earnings per share $0.32.Q1 adjusted non-gaap loss per share $0.14 excluding items.Sees 2017 oil production 21.0 - 22.0 mmbbl.Sees 2017 gas production 180.0 - 190.0 bcf.Sees 2017 ngl production 5.75 - 6.25 mmbbl.Sees 2017 total oil equivalent production 57.0 mmboe to 60.0 mmboe.QEP Resources Inc sees 2017 total capital investment (excluding property acquisitions) $950 million - $1,000 million.QEP Resources Inc - 2018 production outlook remains unchanged from february 22, 2017.QEP Resources Inc qtrly oil equivalent production was 13,090.3 mboe for q1 2017 compared with 13,776.5 mboe for q1 2016.Q1 earnings per share view $-0.23 -- Thomson Reuters I/B/E/S.QEP Resources Inc qtrly total revenues $420.1 million versus $261.3 million.Q1 revenue view $404.3 million -- Thomson Reuters I/B/E/S.

Shell completed sale of Vivo stake to Vitol and Helios Investment

Wednesday, 26 Apr 2017 06:45am EDT

April 26 (Reuters) - Shell ::Completed sale of its 20 pct interest in Vivo Energy Holding B.V. to Vitol Africa B.V. for a total amount of $250 million.Sale was previously announced on Dec. 23, 2016 when shell signed an agreement to divest its interest in this venture.

Prosafe wins $51-53 mln contract with Statoil at Sverdrup

Wednesday, 26 Apr 2017 12:58am EDT

April 26 (Reuters) - Prosafe Se :Statoil has awarded Prosafe a contract for the provision of the Safe Zephyrus semi-submersible accommodation vessel for Phase 1 of the Johan Sverdrup hook-up and commissioning project in the Norwegian sector of the North Sea.Contract duration will be one of three scenarios available to Statoil for nomination in early august 2017; either a 12 month firm period from late Q2 2018, or a 12 month firm period from late Q3 2018 with 4 months of options, or lastly 5 months firm from late Q2 2018 plus 6 months of options and 4 months firm from Q2 2019 plus 4 months of options.Value of contract firm period will be between musd 51 and musd 53 including fuel, mobilisation and demobilisation depending on scenario nominated.Revenue generated from provision of catering services is in excess of total value.

Turcas Petrol aims to start commercial operations at Kuyucak Q4 2017

Monday, 24 Apr 2017 06:36am EDT

April 24 (Reuters) - Turcas Petrol ::Sees execution of on-time project construction activities at Turcas Kuyucak with an aim to start commercial operations of 18 MW geothermal power plant in 4Q17.

Santos says qtrly production 14.8 mmboe vs 15.6 mmboe a year ago

Wednesday, 19 Apr 2017 07:29pm EDT

April 20 (Reuters) - Santos Ltd -:Qtrly sales revenue $684 million versus $753 million prior quarter .Q1 sales 18.6 mmboe versus 21.3 mmboe last year.2017 forecast free cash flow breakeven reduced to us$34/bbl, down from us$36.50/bbl in 2016.Qtrly production 14.8 mmboe versus 15.6 mmboe a year ago.All guidance for 2017 is maintained.Net debt reduced to us$3.1 billion as at 31 March 2017, down from us$3.5 billion at start of year.Extended term of us$860 million of bilateral bank loan facilities to 2022 on favourable terms.

Statoil says share-based dividend to further strengthen finances in 2017

Tuesday, 18 Apr 2017 02:06am EDT

April 18 (Reuters) - Statoil Asa :Board proposes continuation of scrip dividend programme.Proposes to the annual general meeting on May 11 to continue the scrip dividend programme through third quarter 2017, in line with the company's original plan.Scrip programme was introduced from Q4 2015 and intended to last for two years.Says board of directors considers further strengthening of Statoil’ financial robustness and capacity to be desirable also through 2017.Under the scrip dividend programme, the shareholders may choose to receive the net dividend in either cash or newly issued ordinary shares or ADRs (American Depositary Receipts) in the case of ADR holders.Statoil says scrip dividend discount will be determined at the board of directors’ sole discretion, but for the first quarter to the third quarter 2017 the discount may not exceed 10 percent.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary