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Oil & Gas Exploration and Production

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Woodside Petroleum updates on LNG cargo from Wheatstone

Tuesday, 21 Feb 2017 05:02pm EST

Woodside Petroleum Ltd : Look forward to first LNG cargo from Wheatstone in mid-2017, followed by start-up of train 2, six to eight months later .Wheatstone LNG is expected to provide more than 13 mmboe (Woodside share) of annual production once fully operational.

Woodside Petroleum says FY operating revenue US$4.08 billion vs US$5.03 billion

Tuesday, 21 Feb 2017 04:54pm EST

Woodside Petroleum Ltd : Fy operating revenue us$4,075 million versus us$5,030 million . Full-year profit from ordinary activities after tax attributable to members increased 3,238.5% to us$868 million .Final dividend ordinary 49¢ us cents per share.

Whiting Petroleum Q4 2016 average production 118,890 boe/d

Tuesday, 21 Feb 2017 04:41pm EST

Whiting Petroleum Corp : Whiting petroleum corporation announces fourth quarter 2016 financial and operating results . Whiting petroleum corp - q4 2016 average production of 118,890 boe/d . Whiting petroleum corp - full-year 2016 capex on target at $554 million . Whiting petroleum corp - 2017 quarterly production forecast to grow 23% from q1 to q4 . Whiting petroleum corp - whiting projects a 2017 capital budget of $1.1 billion . Whiting petroleum corp - company forecasts 2017 production of 45.0 to 46.0 mmboe . Whiting petroleum corp sees q1 production 10.2 mmboe - 10.6 mmboe .Whiting petroleum corp sees full year 2017 45.0 mmboe - 46.0 mmboe.

Concho Resources reports Q4 loss per share $0.86

Tuesday, 21 Feb 2017 04:05pm EST

Concho Resources Inc : Concho Resources Inc reports fourth quarter and full-year 2016 results . Q4 adjusted non-gaap earnings per share $0.20 . Q4 loss per share $0.86 . Q4 earnings per share view $-0.07 -- Thomson Reuters I/B/E/S . Quarterly production of 164.3 mboepd, up 7pct quarter-over-quarter . Increased full-year 2017 production growth target to 20%-24% . For Q1 of 2017, concho expects production to average between 172 mboepd and 176 mboepd .Current capital outlook of $1.6 billion to $1.8 billion for 2017 is expected to be funded through cash flow from operations.

Newfield Exploration Co 2017 capital investment plan is about $1.0 bln

Tuesday, 21 Feb 2017 04:05pm EST

Newfield Exploration Co : Newfield Exploration Co - 2017 capital investment plan is set at approximately $1.0 billion . Newfield Exploration Co - provides year-end 2019 estimated exit rate of 150,000 - 170,000 boepd for its anadarko basin net production . Newfield Exploration Co - Newfield reaches agreement to sell its non-operated interests in bohai bay china oil fields . Newfield Exploration Co - provides 2017 - 19 estimated cagr of 15 - 20pct for its net domestic crude oil production . Newfield Exploration Co - no additional capital is planned for investment in China and pearl field is on natural decline . Newfield Exploration Co - reached an agreement to sell its interest in non-operated producing oil fields in Bohai bay China for approximately $39 million . Newfield Exploration Co - Q4 2017 net production from Anadarko basin is expected to increase to approximately 105,000 - 115,000 boepd . Newfield Exploration-including impact of Bohai bay sale at mid-year 2017, 2017 net production in China is expected to average nearly 6,000 boepd . Newfield Exploration - 2017 domestic net production for 2017 expected to average 142,500 - 145,500 boepd . Newfield Exploration Co - Newfield expects to run about 10 operated rigs in Anadarko basin in 2017 - 19 . Newfield Exploration Co - Newfield expects to drill 85 - 90 wells in stack and up to 50 wells in scoop for 2017.

Newfield Exploration reports Q4 earnings per share $0.07

Tuesday, 21 Feb 2017 04:05pm EST

Newfield Exploration Co - : Newfield Exploration reports results for fourth quarter and full-year 2016 . Q4 revenue $415 million versus i/b/e/s view $396.1 million . Q4 earnings per share $0.07 . Q4 adjusted earnings per share $0.49 . Q4 earnings per share view $0.37 -- Thomson Reuters I/B/E/S .Newfield's total net production in q4 of 2016 was 13.9 mmboe.

Nasdaq Stockholm to delist Petrotarg AB

Tuesday, 21 Feb 2017 09:30am EST

Nasdaq Inc : The Disciplinary Committee of Nasdaq Stockholm has decided that the shares of Petrotarg AB are to be delisted from trading on Nasdaq First North .Last day of trading for Petrotarg will be March 17, 2017.

Eastern Gases to consider purchasing shares of Asia LPG Pvt Ltd

Tuesday, 21 Feb 2017 07:32am EST

Eastern Gases Ltd : Says to consider purchasing shares of Asia LPG Pvt Ltd to extent of 100 percent and make it a unit of co . Says to discuss plans to raise additional funds from banks . Says to consider discussion on expansion plans of LPG distribution . Says to discuss issue of equity shares and/or warrants on preferential basis .To consider avenues available to diversify into additional high-end products, increase capacity utilisation at LPG bottling plant at Durgapur.

Pengrowth announces plan to reduce outstanding debt by $530 mlm

Tuesday, 21 Feb 2017 07:30am EST

Pengrowth Energy Corp : Pengrowth announces plan to reduce outstanding debt by $530mm through retirement of $127 mln of convertible debentures and the prepayment of us $300 mln of the 6.35 pct senior notes due July 26, 2017 . Pengrowth Energy - following payments, company expects pro-forma debt to be reduced to about $1.1 billion and comprised entirely of senior term notes .Pengrowth Energy - continues to seek out opportunities to further reduce its outstanding debt, including through disposition of assets.

Transglobe Energy says NWG 38 - Red Bed Discovery now on production

Tuesday, 21 Feb 2017 06:51am EST

Transglobe Energy Corp : Transglobe Energy Corporation announces an operations update .Transglobe Energy Corp says NWG 38 - Red Bed Discovery now on production.

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