Jan 20 (Reuters) - PGNiG SA : :Says writedowns and other costs will reduce its standalone and consolidated operating profit (EBIT) in the fourth quarter of 2017 by about 776 million zlotys ($227.29 million).The writedowns are related to, among other things, the change in the business model for PGNiG'S Wierzchowice power unit.
Jan 17 (Reuters) - Chinese Energy Holdings Ltd <8009.HK>::CO ACQUIRED ON-MARKET SHARES OF KWEICHOW MOUTAI CO ON 10 JAN FOR PRICE BETWEEN RMB780 AND RMB785 PER SHARE.KWEICHOW MOUTAI CO SHARES BOUGHT FOR TOTAL RMB16.5 MILLION.
Jan 17 (Reuters) - Statoil Asa ::CONTRACT FOR IMPROVED RECOVERY ON JOHAN SVERDRUP - CONTRACT FOR IMPROVED RECOVERY ON JOHAN SVERDRUP.AWARDS A CONTRACT TO ALCATEL SUBMARINE NETWORKS FOR PERMANENT RESERVOIR MONITORING (PRM) ON JOHAN SVERDRUP FIELD.SEISMIC TECHNOLOGY - A POTENTIAL DIGITAL ENABLER FOR FIELD - WILL BE A KEY CONTRIBUTOR TO DELIVERING ON JOHAN SVERDRUP'S 70 PERCENT RECOVERY AMBITION.SEISMIC CABLES WILL BE INSTALLED ON SEABED OF JOHAN SVERDRUP DURING 2019.FRAME AGREEMENT WITH ALCATEL SUBMARINE NETWORKS ALSO INCLUDES OPPORTUNITIES FOR FUTURE COLLABORATION.FRAME AGREEMENT ALSO INCLUDES AN OPTION TO EXTEND SEISMIC COVERAGE TO INCLUDE SOUTHERNMOST PART OF JOHAN SVERDRUP FIELD.DECISION TO INSTALL PRM AT JOHAN SVERDRUP MEETS AN AUTHORITY REQUIREMENT SET IN PLAN FOR DEVELOPMENT AND OPERATION.
Jan 16 (Reuters) - Petroleo Brasileiro Sa Petrobras ::BRAZIL'S PETROBRAS SAYS OIL PRODUCTION IN BRAZIL REACHED RECORD 2.15 MILLION BPD LAST YEAR.BRAZIL'S PETROBRAS SAYS NATURAL GAS PRODUCTION REACHED 2.65 MILLION BARRELS OF OIL EQUIVALENT PER DAY IN 2017- FILING.BRAZIL'S PETROBRAS SAYS SUBSALT PRODUCTION (WITH PARTNERS) ROSE 26 PERCENT LAST YEAR AND REACHED RECORD 1.29 MILLION BARRELS PER DAY- FILING.PETROBRAS SAYS OIL AND NATURAL GAS PRODUCTION IN BRAZIL IN DECEMBER WAS 2.62 MILLION BARRELS OF OIL EQUIVALENT PER DAY- FILING.PETROBRAS SAYS POSTED PRODUCTION RECORD FOR FOURTH CONSECUTIVE YEAR IN 2017- FILING.
Those banks not invited to pitch for senior IPO roles-sources:.
Jan 15 (Reuters) - PARTNERS GROUP ::PARTNERS GROUP TO SELL STAKE IN SILICON RANCH CORPORATION TO SHELL .ON BEHALF OF ITS CLIENTS, AGREED TO SELL ITS 43.83% OWNERSHIP STAKE IN SILICON RANCH CORPORATION.SELLING ITS EQUITY STAKE TO SHELL FOR MINIMUM PROCEEDS OF USD 193 MILLION AND UP TO USD 217 MILLION.WILL CONTINUE TO SUPPORT SILICON RANCH THROUGH NEWLY ISSUED JUNIOR DEBT FINANCING SIMULTANEOUS WITH CLOSING OF SALE.
Jan 15 (Reuters) - Royal Dutch Shell Plc ::SHELL TO ACQUIRE INTEREST IN U.S. SOLAR BUSINESS.SHELL - AGREEMENT TO ACQUIRE 43.83% INTEREST IN U.S. SOLAR COMPANY SILICON RANCH FROM FUNDS MANAGED AND/OR ADVISED BY PARTNERS GROUP.SHELL - CONSIDERATION FOR SHARES IS BETWEEN $193 AND $217 MILLION CONTINGENT ON SILICON RANCH ACHIEVING PREDETERMINED MILESTONES.SHELL - SEPARATE AGREEMENT WITH SILICON RANCH WILL GIVE SHELL POSSIBILITY TO INCREASE ITS OWNERSHIP AFTER 2021.SHELL - CO'S INTEREST IN SILICON RANCH INCLUDES AN EXISTING PORTFOLIO OF ABOUT 880 MEGAWATTS OF PROJECTS IN OPERATION OR CONTRACTED.
Jan 15 (Reuters) - Royal Dutch Shell Plc ::ANNOUNCES A FINAL INVESTMENT DECISION ON REDEVELOPMENT OF PENGUINS OIL AND GAS FIELD IN UK NORTH SEA.DECISION AUTHORISES CONSTRUCTION OF A FLOATING PRODUCTION, STORAGE AND OFFLOADING (FPSO) VESSEL.FPSO IS EXPECTED TO HAVE A PEAK PRODUCTION (100%) OF CIRCA 45,000 BOE/D.
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.