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Oil & Gas Refining and Marketing

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Ptt Pcl Appoints Supot Teachavorasinskun As New Independent Director

5:46am EST

Jan 18 (Reuters) - Ptt Pcl ::APPOINTS SUPOT TEACHAVORASINSKUN AS INDEPENDENT DIRECTOR, IN REPLACEMENT OF BOONTUCK WUNGCHAROEN.

New Zealand Refining Co Says ‍FY Processing Fee Income At NZ$328.9 Mln

Wednesday, 17 Jan 2018 02:36pm EST

Jan 18 (Reuters) - New Zealand Refining Company Ltd ::‍FY PROCESSING FEE INCOME AT NZ$328.9 MILLION, A 19% INCREASE OVER PRIOR YEAR​.THROUGHPUT FOR NOVEMBER/DECEMBER PERIOD WAS 7.3 MILLION BARRELS.GROSS REFINERY MARGIN OF USD 6.83 PER BARREL FOR NOVEMBER/DECEMBER PERIOD.

Cosco Shipping International (Hongkong) Names ZHU JIANHUI AS MANAGING DIRECTOR

Monday, 15 Jan 2018 06:08am EST

Jan 15 (Reuters) - Cosco Shipping International (Hongkong) Co Ltd <0517.HK>::YE WEILONG & LIU XIANGHAO HAVE RESIGNED AS EXECUTIVE DIRECTOR AND CHAIRMAN OF BOARD OF COMPANY .LIU GANG RESIGNED AS MANAGING DIRECTOR.WANG YUHANG HAS BEEN APPOINTED AS EXECUTIVE DIRECTOR AND CHAIRMAN OF BOARD OF COMPANY.ZHU JIANHUI APPOINTED AS MANAGING DIRECTOR.YE WEILONG RESIGNED AS EXECUTIVE DIRECTOR OF COMPANY.FENG BOMING, CHEN DONG & REN YONGQIANG APPOINTED AS NON-EXECUTIVE DIRECTORS.

Total, Petrobras complete Lapa and Iara concessions deal

Monday, 15 Jan 2018 05:10am EST

Jan 15 (Reuters) - Total Sa /Petrobras::* Petrobras and Total finalize decisive milestone in the realization of their Strategic Alliance, signed in March 2017.* Transfer from Petrobras to Total of 35% of the rights, as well as the operatorship, of the Lapa field in Block BM-S-9A in the Santos Basin pre-salt, alongside Shell (30%), Repsol-Sinopec (25%) and Petrobras (10%). The Lapa field was put in production in December 2016, via the 100,000 barrel per day capacity Cidade de Caraguatatuba FPSO..* Transfer from Petrobras to Total of 22.5% of the rights of the Iara area, which comprises the Sururu, Berbigão and Oeste de Atapu fields in Block BM-S-11A in the Santos Basin pre-salt, operated by Petrobras (42.5%) alongside Shell (25%) and Petrogal (10%). .* Production in Iara expected to start in 2018 through the 150,000 barrel per day capacity P-68 FPSO in Berbigão-Sururu fields, which will be followed by a second FPSO in 2019 in the Atapu field..* The consideration for the above transactions amounts to US$1.95 billion, including closing adjustments. This amount does not include US$ 400 million that can be triggered by Petrobras to carry a part of its investment share in the Iara development fields and contingent payments.* Transactions give shape to the Strategic Alliance between Petrobras and Total, allowing them to combine their deep-offshore expertise.

Xinjiang International Industry unit to sell 51 pct stake in international trade firm for 10.7 mln yuan

Monday, 15 Jan 2018 04:37am EST

Jan 15 (Reuters) - Xinjiang International Industry Co Ltd <000159.SZ> ::Says its chemical industry unit plans to sell 51 percent stake in an international trade firm to a supply chain management company for 10.7 million yuan .

Aker BP raises 2018 dividend plan to $450 mln, sees further increase

Monday, 15 Jan 2018 01:17am EST

Jan 15 (Reuters) - Aker Bp Asa ::‍DURING 2017, AKER BP INCREASED ITS RESERVES (2P) BY A NET OF 202 MILLION BARRELS OF OIL EQUIVALENTS (MMBOE), TO A TOTAL OF 913 MMBOE​.‍TO INCREASE DIVIDENDS FOR 2018 TO USD 450 MILLION.CLEAR AMBITION TO GROW DIVIDENDS FURTHER IN COMING YEARS BY USD 100 MILLION ANNUALLY TO 2021​​.‍AKER BP'S PRO-FORMA PRODUCTION IN 2017 WAS 160 MBOEPD, INCLUDING PRODUCTION FROM HESS NORWAY​.‍2018 PRODUCTION IS EXPECTED TO BE BETWEEN 155 AND 160 MBOEPD, WITH AN AVERAGE PRODUCTION COST OF 12 USD/BOE​.‍WITH ITS CURRENT PORTFOLIO, COMPANY HAS POTENTIAL TO PRODUCE 330 MBOEPD IN 2023​.‍WHILE COMPANY'S OIL AND GAS RESERVES GREW TO 913 MMBOE AT END OF 2017, CONTINGENT RESOURCES WERE ESTIMATED AT 785 MMBOE AT YEAR-END 2017, EACH WITH AN INCREASE OF APPROXIMATELY 30 PERCENT FROM PREVIOUS YEAR​.‍ORGANIC RESERVE REPLACEMENT RATIO (RRR) WAS 2.3 TIMES PRODUCTION, AND TOTAL RRR WAS 4.5 TIMES.​.‍HAS AN AMBITION TO DISCOVER A NET OF 250 MMBOE OIL AND GAS IN 2016 - 2020 PERIOD​.‍COMPANY WILL CONTINUE ITS ACTIVE EXPLORATION STRATEGY IN 2018 WITH 12 EXPLORATION WELLS TO BE DRILLED, WITH RISKED PRE-DRILL ESTIMATES RANGING FROM 50 - 150 MMBOE NET TO AKER BP​.‍FURTHER INFILL WELLS AT ULA AND TAMBAR ARE BEING EVALUATED, AND ODA DEVELOPMENT IS ONGOING​.‍TAMBAR RE-DEVELOPMENT IS WELL UNDERWAY, EXPECTING FIRST OIL IN 2018​.2018 ‍CAPEX SEEN AT AROUND USD 1.3 BILLION​.2018 EXPEX SEEN AT AROUND USD 350 MILLION​.2018 DECOM EXPENDITURE SEEN AT AROUND USD 350 MILLION​.

‍Aker BP produced 135,600 boe per day in Q4 2017, in line with guidance

Monday, 15 Jan 2018 01:08am EST

Jan 15 (Reuters) - Aker Bp Asa ::AKERBP: FOURTH QUARTER 2017 PRODUCTION.‍AKER BP ASA PRODUCED 135.6 THOUSAND BARRELS OF OIL EQUIVALENTS PER DAY («MBOEPD») IN Q4 2017​.‍FOR YEAR 2017, COMPANY'S PRODUCTION AVERAGED 138.8 MBOEPD, IN LINE WITH LATEST GUIDANCE.

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