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Exxon Mobil to challenge finding by OFAC that it violated U.S. sanctions against Russia in 2014​

Thursday, 20 Jul 2017 02:53pm EDT

July 20 (Reuters) - Exxon Mobil Corp ::Says ‍launched legal challenge to finding by treasury department's office of foreign assets control that it violated U.S. sanctions against Russia in 2014​.Says ‍OFAC alleges co violated sanctions when it signed some documents in may 2014 countersigned on behalf of Rosneft by Igor Sechin acting as Rosneft executive​.Says ‍at time of signing documents, ongoing oil and gas activities in Russia with Rosneft​ were not under any direct sanction by U.S. government.

Petronas Lubricants says IPO an option but not soon

Thursday, 20 Jul 2017 04:22am EDT

July 20 (Reuters) - Petroliam Nasional Bhd [RIC:RIC:PETR.UL] :Petronas Lubricants International Group Chief Commercial Office Giuseppe Pedretti told briefing in Bangkok:.IPO still an option but probably not for next three years.Expects strong growth in oil retail market.Sees 10 percent growth in global sales volume year on year.Says Syntium Diesel strong performer in Asia, with China key driver, also South America.Says plant in China operational this year.

Santos says qtrly production 14.7 mmboe

Wednesday, 19 Jul 2017 06:10pm EDT

July 20 (Reuters) - Santos Ltd :qtrly sales revenues up 12% from prior quarter to us$769 million .forecast free cash flow breakeven for 2017 reduced to us$33/bbl1, down from us$36.50/bbl in 2016..2017 production cost guidance reduced to us$8-8.25/boe, down from us$8.45/boe in 2016..2017 production guidance upgraded to 57-60 mmboe and sales guidance upgraded to 75-80 mmboe..Qtrly sales 21.5 mmboe versus 19.6 mmboe last year.qtrly production 14.7 mmboe versus 14.8 mmboe in prior quarter.

Oando clarifies on reports stating it is under investigation by SEC

Friday, 14 Jul 2017 01:10pm EDT

July 14 (Reuters) - Oando Plc :Clarifies on reports stating oando is under investigation by SEC.Investigation by SEC regarding shareholding structure following $1.65 billion cash oando paid to acquire oil production assets of Conoco-Phillips in Nigeria.Says SEC is in receipt of correspondence containing unsubstantiated, misleading and defamatory claims with respect to matters already received approval.Co is fully co-operating with SEC in discharge of its duties by providing all appropriate clarifications and rebuttals on matters raised in said correspondence.

ExxonMobil acquires interest in acreage Offshore Suriname

Thursday, 13 Jul 2017 01:00pm EDT

July 13 (Reuters) - Exxon Mobil Corp ::ExxonMobil acquires interest in acreage offshore suriname.‍Preparations underway to begin exploration activities​.Agreement expands ExxonMobil operated acreage in Guyana-Suriname Basin.Following contract signing, co-venturers are preparing to begin exploration activities, including acquisition and analysis of seismic data.ExxonMobil says unit, Production Suriname B.V., signed a production sharing contract for block 59 with Staatsolie Maatschappij Suriname N.V..ExxonMobil is operator in Acreage Offshore Suriname.‍Exxonmobil and consortium partners Hess and Statoil each hold a third of interest in block​.

Total Q2 2017 European refining margin indicator was $‍​41.0 per tonne

Thursday, 13 Jul 2017 02:03am EDT


Statoil awards Seadrill rig contracts for exploration drilling in Santos basin

Thursday, 13 Jul 2017 02:00am EDT

July 13 (Reuters) - Statoil Asa :statoil: statoil secures drillship for exploration drilling in brazil - statoil.com.Statoil brasil oleo e gas ltda has awarded seadrill rig contracts for exploration drilling in bm-s-8 license in santos basin.Agreement includes two contracts: seadrill offshore as will provide drillship west saturn and seadrill serviços de petroleo limitada will provide services on board.Fixed contract scope includes one exploration well and one drill stem test.


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