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Suncor Energy provides update on Syncrude return to service plan

Wednesday, 19 Apr 2017 06:00pm EDT

April 19 (Reuters) - Suncor Energy Inc ::Suncor Energy provides update on syncrude return to service plan.Suncor Energy Inc - plant is currently operating at reduced rates and Suncor will continue to assist in inventory management.Suncor Energy Inc - investigation and inspection show that damage was largely isolated to a piperack adjacent to hydrotreater.Suncor Energy Inc - provided an update on syncrude mildred lake oil sands facility following march 14 incident.Suncor Energy Inc - does not expect this outage to result in a change to overall production guidance for 2017.Suncor Energy Inc - production is expected to return to full rates by end of June.Suncor Energy Inc - "accelerated repair schedule" has been developed to achieve restart of pipeline shipments at about 50% capacity in early may.

Xinjiang International Industry sees Q1 FY 2017 net loss to be 14 mln yuan to 23 mln yuan

Monday, 17 Apr 2017 03:02am EDT

April 17 (Reuters) - Xinjiang International Industry Co Ltd <000159.SZ> ::* Sees Q1 FY 2017 net loss to be 14 million yuan to 23 million yuan .* Says Q1 FY 2016 net loss was 24.5 million yuan.* The reasons for the forecast are loss in main business and effect from changes in fair value of securities investment.

DCC says trading in line, announces CEO succession

Wednesday, 5 Apr 2017 02:10am EDT

Dcc Plc : Since dcc issued its ims on 7 february 2017, trading performance of group has been in line with expectations . Tommy breen, who became chief executive in may 2008, has decided to retire from group after over 30 years of service .Tommy will be succeeded by donal murphy, executive director and managing director of dcc energy, dcc's largest division.

DCC to buy Shell's LPG business in Hong Kong and Macau

Wednesday, 5 Apr 2017 02:09am EDT

Dcc Plc : Agrees to acquire shell's lpg business in hong kong and macau . To acquire its liquefied petroleum gas ("lpg") business in hong kong and macau ("shell hk&m") based on an enterprise value of hk$1.165 billion (c. £120 million) .Acquisition is expected to complete before end of dcc's financial year ending 31 march 2018.

COSCO Shipping International announces restructuring by controlling shareholder

Thursday, 30 Mar 2017 09:19am EDT

COSCO SHIPPING International (Hong Kong)<0517.HK> : Announcement on controlling shareholder restructuring . Received notification from true smart international that it has entered into an agreement .True Smart International to transfer about 66.12% of issued share capital of co to Cosco Shipping (Hong Kong).

Cenovus announces $3 bln bought-deal offering of common shares

Wednesday, 29 Mar 2017 04:12pm EDT

Cenovus Energy Inc : Cenovus announces $3.0 billion bought-deal offering of common shares . Cenovus Energy Inc - entered into a bought-deal financing agreement to sell 187.5 million common shares at a price of $16.00 per share . Cenovus Energy Inc - if over-allotment option is exercised in full, gross proceeds from offering will be approximately $3.45 billion. .Cenovus Energy - intends to use net proceeds from offering to finance portion of cash consideration payable by for purchase of assets from ConocoPhillips.

Point Resources says to buy ExxonMobil's Norwegian-operated fields

Wednesday, 29 Mar 2017 06:58am EDT

Exxon Mobil Corp : Point Resources, majority owned by HitecVision, says to buy ExxonMobil’s operated upstream business in Norway . Point Resources says transaction subject to regulatory and partner consents and is expected to complete in q4 2017, with an effective date of 1 January 2017 . Point Resources says 2016 production was 54,000 boe/d from the ExxonMobil operated fields .Point Resources says the combined company has the potential to grow its production base organically to over 80,000 boe/d by 2022.

Shandong Shengli's biggest shareholder to sell 7 pct stake for 990.8 mln yuan

Tuesday, 21 Mar 2017 07:50am EDT

Shandong Shengli Co Ltd <000407.SZ> : Says biggest shareholder agrees to sell 7.0 percent company stake for 990.8 million yuan ($143.89 million) .Says trading in shares to resume on March 22.

Fire at Syncrude oil sands plant extinguished

Thursday, 16 Mar 2017 12:51pm EDT

Syncrude Canada : Says fire at Mildred Lake upgrader extinguished early on Thursday morning . Says work ongoing to fully isolate impacted area to allow safe entry for damage assessment and to develop repair strategy . Says rest of operations remain stable, several upgrader units shut or running at reduced rates .Says mining and extraction at Mildred Lake and Aurora facilities being paced to balance bitumen demand.

Lundin's incoming CFO says may raise output forecast

Thursday, 16 Mar 2017 06:48am EDT

Lundin Petroleum's incoming CFO Teitur Poulsen told an energy conference in Oslo on Thursday: Retains current Norway production guidance of 70,000-80,000 boepd for the time being . Lundin could potentially revise output guidance when presenting Q1 results due to higher output from Edvard Grieg field than previously expected, but need to asses more data . Lundin has earlier announced plans to spin off its non-Norwegian business Further company coverage: [LUPE.ST] (Reporting by Nerijus Adomaitis, editing by Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).

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