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Oil & Gas Refining and Marketing

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BP ‍says Carl-Henric Svanberg to retire as chairman​

Thursday, 19 Oct 2017

Oct 19 (Reuters) - BP Plc ::‍CARL-HENRIC SVANBERG HAS INFORMED COMPANY'S BOARD OF DIRECTORS OF HIS INTENTION TO RETIRE AS CHAIRMAN​.‍SVANBERG WILL CHAIR ANNUAL GENERAL MEETING TO BE HELD IN MAY 2018 AND WILL REMAIN IN POSITION UNTIL A SUCCESSOR IS IN POST​.‍IAN DAVIS, BP BOARD'S SENIOR INDEPENDENT DIRECTOR, WILL NOW LEAD PROCESS TO IDENTIFY AND APPOINT BP'S NEXT CHAIRMAN​.

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​.

Unipetrol CFO: not yet certain when final insurance claims can be booked

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Unipetrol As :CFO says thinks nothing wrong with keeping level of cash.CFO reiterates dividend payment depends on shareholders.CFO says difficult to confirm if it can book final steam cracker insurance claims in Q4 nP7N1IV013.said earlier says estimated value of remaining recoverable amount is CZK 2.7 billion, as of Q3 .CEO reiterates can expect increase in dividend.

Unipetrol CFO: not yet certain when final insurance claims can be booked

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Unipetrol As :CFO says thinks nothing wrong with keeping level of cash.CFO reiterates dividend payment depends on shareholders.CFO says difficult to confirm if it can book final steam cracker insurance claims in Q4 nP7N1IV013.said earlier says estimated value of remaining recoverable amount is CZK 2.7 billion, as of Q3 .CEO reiterates can expect increase in dividend.

Unipetrol Q3 net profit jumps on stronger margins, sales

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Unipetrol As :Q3 net profit CZK 1.523 billion vs CZK 722 million year ago.Q3 revenue CZK 30.904 billion, up 34 percent y/y.Q3 EBITDA LIFO CZK 3.412 billion vs CZK 1.928 billion year ago.says on EBITDA LIFO positive macro impact of CZK 0.6 billion y/y driven by higher refining, positive volume impact of CZK 3.8 billion y/y driven by higher petrochemical, refining sales; negative impact from Q3/16 insurance claim, inventory revaluation.says regarding steam cracker insurance claim estimated value of remaining recoverable amount is CZK 2.7 billion, as of Q3 2017.says PE3 project progress approaching 70 percent.says refining utilisation ratio increased to its highest ever of 97 percent during Q3.

Unipetrol Q3 net profit jumps on stronger margins, sales

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Unipetrol As :Q3 net profit CZK 1.523 billion vs CZK 722 million year ago.Q3 revenue CZK 30.904 billion, up 34 percent y/y.Q3 EBITDA LIFO CZK 3.412 billion vs CZK 1.928 billion year ago.says on EBITDA LIFO positive macro impact of CZK 0.6 billion y/y driven by higher refining, positive volume impact of CZK 3.8 billion y/y driven by higher petrochemical, refining sales; negative impact from Q3/16 insurance claim, inventory revaluation.says regarding steam cracker insurance claim estimated value of remaining recoverable amount is CZK 2.7 billion, as of Q3 2017.says PE3 project progress approaching 70 percent.says refining utilisation ratio increased to its highest ever of 97 percent during Q3.

Saudi Kayan Petrochemical Q3 profit rises

Thursday, 19 Oct 2017

Oct 19 (Reuters) - SAUDI KAYAN PETROCHEMICAL CO <2350.SE>::Q3 NET PROFIT 381 MILLION RIYALS VERSUS 158.2 MILLION RIYALS YEAR AGO.Q3 SALES 2.70 BILLION RIYALS VERSUS ‍2.31​ BILLION RIYALS YEAR AGO.

Hengtong Logistics says change of general manager

Thursday, 19 Oct 2017

Oct 19(Reuters) - Hengtong Logistics Co Ltd <603223.SS>:Says it appoints Zhao Xiqing as general manager to replace Li Jian.

Pryce Corp says 9-month net income up 32 pct‍​

Thursday, 19 Oct 2017

Oct 19 (Reuters) - Pryce Corp :9-month net income 942.69 mln pesos, up 32 pct‍​.

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