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Integrated Oil & Gas

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Statoil: Eldar Saetre will continue as CEO after Feb. 2018

Friday, 20 Oct 2017

Oct 20 (Reuters) - Statoil Asa :Says the board of directors and chief executive Eldar Saetre agreed that Saetre will continue as CEO after he turns 62 in February 2018.Eldar Sætre will thus not use his contractual right to retire at the age of 62, and will retire at the latest when he turns 67 ."Saetre has led the company through a challenging period for the industry, making Statoil a stronger company. He is the right person to continue developing Statoil as a broad energy major, with a clear strategy for safe operations, high value creation and a low carbon future", Statoil's Chairman Jon Erik Reinhardsen said.Saetre was appointed chief executive on 4 February 2015, after being acting CEO since 2014.

Rowan announces launch of ARO Drilling

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Rowan Companies Plc :Rowan announces launch of ARO Drilling.Rowan Companies Plc - ‍ARO Drilling, co's 50/50 joint venture with Saudi Arabian Oil Company commenced operations on October 17, 2017​.Rowan Companies Plc - ‍As part of initial startup of aro drilling, rowan and saudi aramco contributed equal amounts of cash into joint venture​.Rowan Companies Plc - ‍Pursuant to aro drilling shareholders' agreement, Saudi Aramco will sell an additional jack-up rig in 2017 to ARO Drilling​.Rowan Companies Plc - Rowan will sell an additional two jack-up rigs to ARO Drilling once they complete their current contracts in late 2018​.Rowan Companies - Co, Saudi Aramco agreed aro drilling will purchase 20 future newbuild rigs that will be constructed by Saudi Aramco Manufacturing JV.Rowan Companies Plc - 20 future newbuild rigs to be constructed by a Saudi Aramco Manufacturing JV expected to be delivered between 2021 and 2030​.

Cenovus reaches agreement to sell Palliser assets for $1.3 bln

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Cenovus Energy Inc :Cenovus reaches agreement to sell Palliser assets for $1.3 billion.Cenovus reaches agreement to sell Palliser assets for $1.3 billion.Cenovus Energy Inc - ‍sale process for Cenovus's Weyburn carbon-dioxide enhanced oil recovery operation in Saskatchewan is proceeding as expected​.Cenovus Energy Inc - ‍credit Suisse and Scotiabank acted as financial advisors to Cenovus for Palliser transaction​.Cenovus - proceeds from Palliser sale will be used to deleverage company's balance sheet​.Cenovus Energy Inc - ‍Cenovus anticipates reaching a sale agreement for Weyburn asset in Q4 of 2017​.Cenovus Energy Inc - ‍"we continue to target between $4 billion and $5 billion in announced asset sale agreements by end of year​".Cenovus Energy-anticipates reaching sale for its Weyburn asset in Q4 of 2017.Cenovus Energy Inc - ‍Cenovus has certain other non-core assets that are currently being evaluated for potential sale​.Cenovus Energy - agreement to sell its Palliser crude oil and natural gas assets in Southeastern Alberta to Torxen energy and Schlumberger​.

Dana Gas says operations, production in KRI are as usual

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Dana Gas :AFFIRMS THAT COMPANY'S OPERATIONS, PRODUCTION IN KURDISTAN REGION OF IRAQ (KRI) ARE PROCEEDING AS USUAL, CONTINUES TO SUPPLY GAS TO POWER STATIONS FOR PRODUCTION OF ELECTRICITY FOR REGION.EMPLOYEES OF COMPANY ARE ON SITE AND ARE CARRYING OUT THEIR DUTIES NORMALLY.

Santos posts qtrly sales ‍of 21.5​ mmboe

Wednesday, 18 Oct 2017

Oct 19 (Reuters) - Santos Ltd :Qtrly sales ‍21.5​ mmboe versus 21.3 mmboe a year ago.2017 production guidance ‍58-60 mmboe​.Qtrly production ‍15.0​ mmboe versus 14.7 mmboe in Q2 2017.Qtrly sales revenue $793 million versus $769 million in prior qtr‍​.‍Sales guidance upgraded to 79-82 mmboe for 2017​.

Poland's PGNiG may sign mid-term deals on U.S. LNG supplies in H1 2018

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Polskie Gornictwo Naftowe i Gazownictwo SA :Poland's dominant gas firm PGNiG may sign mid-term deals on liquefied natural gas (LNG) supplies from the United States in the first or second quarter of 2018, the company's deputy head says on Wednesday."We are talking to various partners but what would be most logical is signing agreements with the U.S. partners on LNG mid-term supplies. I expect that these agreements will be signed in the first or second quarter," Maciej Wozniak tells reporters‍​.

Nigeria's SEC orders suspension of Oando's shares - Stock Exchange

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Nigeria's Stock Exchange::SECURITIES AND EXCHANGE COMMISSION DIRECTS TO SUSPEND FULL TRADING IN OANDO SHARES FOR 48-HRS FROM OCT 18, TECHNICAL SUSPENSION FROM OCT 20.

Statoil says first floating windfarm started production

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Statoil Asa :World's first floating wind farm has started production.The 30MW wind farm, operated by Statoil in partnership with Masdar, is located 25 kilometers offshore Peterhead in Aberdeenshire, Scotland and will power approximately 20,000 households.

Shell ‍says Guy Elliott stood down as non-executive director of company

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Shell ::‍GUY ELLIOTT HAS STOOD DOWN AS A NON-EXECUTIVE DIRECTOR OF COMPANY WITH IMMEDIATE EFFECT​.SHELL SAYS GUY'S DECISION IS RELATED TO HIS INVOLVEMENT IN LEGAL PROCEEDINGS REGARDING HIS FORMER EMPLOYMENT AT RIO TINTO​.

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