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Total and Hubei High Tech to invest in China new energy sector

Tuesday, 27 Mar 2018

March 27 (Reuters) - Total SA ::TOTAL ENERGY VENTURES (TEV), HUBEI HIGH TECH, AND CATHAY CAPITAL HAVE SIGNED A HEADS OF AGREEMENT TO LAUNCH THE CATHAY SMART ENERGY FUND, AN INVESTMENT FUND DEDICATED TO ENERGY SECTOR IN CHINA..THE FUND WILL FOCUS ITS INVESTMENTS ON EMERGING TECHNOLOGIES AND NEW BUSINESS MODELS OF THE CHINESE ENERGY SECTOR, NOTABLY RENEWABLE ENERGY, ENERGY INTERNET, ENERGY STORAGE, DISTRIBUTED ENERGY, SMART ENERGY AND LOW CARBON ACTIVITIES..TEV AND HUBEI HIGH TECH WILL INVEST AROUND 300 MILLION RMB IN THE FUND ($50 MLN) EACH. FOLLOWING THE FIRST CLOSING, OTHER PARTNERS WILL JOIN THE FUND WITH A TARGET FINAL VOLUME OF CAPITAL OF OVER 1.5 BILLION RMB ($250 MLN).‍​.

Total says paid $200 million to settle tax issue in Angola

Friday, 27 Oct 2017

Oct 27 (Reuters) - Total Sa :French oil major Total <<>> paid $200 million in the third quarter to settle a tax issue in Angola, its Chief Financial Officer Patrick de La Chevardiere told analysts during a call on Friday. .Speaking after Total's third quarter results, de la Chevardiere said the company's Yamal LNG project in Russia was expected to start on time at the end of the year and was on budget..Answering questions from analysts, the CFO said Total had received a waiver on Brazil's local content rules, and expected to sanction the First Libra project FPSO soon..Commenting on uncertainties in Iran after U.S. President Trump decertified the Iran nuclear deal, he said Total was carrying on with activities in Iran despite and clarity expected in coming months..He said the group was proceeding with plans to announce tenders for its Iran South Pars gas project and the main contract would be awarded at beginning 2018 when there would be clarity from the U.S..Asked about Total's interest in Iraq, he said the company will not accept terms refused by competitors in Iraq's Majnoon field..He said after completing its $10 billion divestment programme, Total plans to sell high breakeven and non-core assets for around $1 billion per year going forward at the right price..Source text for Eikon: [ID:].

Total says paid $200 million to settle tax issue in Angola

Friday, 27 Oct 2017

Oct 27 (Reuters) - Total Sa :French oil major Total <<>> paid $200 million in the third quarter to settle a tax issue in Angola, its Chief Financial Officer Patrick de La Chevardiere told analysts during a call on Friday. .Speaking after Total's third quarter results, de la Chevardiere said the company's Yamal LNG project in Russia was expected to start on time at the end of the year and was on budget..Answering questions from analysts, the CFO said Total had received a waiver on Brazil's local content rules, and expected to sanction the First Libra project FPSO soon..Commenting on uncertainties in Iran after U.S. President Trump decertified the Iran nuclear deal, he said Total was carrying on with activities in Iran despite and clarity expected in coming months..He said the group was proceeding with plans to announce tenders for its Iran South Pars gas project and the main contract would be awarded at beginning 2018 when there would be clarity from the U.S..Asked about Total's interest in Iraq, he said the company will not accept terms refused by competitors in Iraq's Majnoon field..He said after completing its $10 billion divestment programme, Total plans to sell high breakeven and non-core assets for around $1 billion per year going forward at the right price..Source text for Eikon: [ID:].

Suncor expects Fort Hills project to operate at 90 pct capacity by Q4 2018

Thursday, 26 Oct 2017

Oct 26 (Reuters) - Suncor Energy : :CEO says company has made progress towards resolving commercial dispute with Fort Hills partner Total SA <<>>.Expects to be operating 190,000 bpd Fort Hills oil sands plant at 90 percent capacity by this time next year .Suncor CEO expects 2018 capital spending to be in C$4.5 billion to C$5 billion range.CEO says unit 1 upgrader at oil sands base plant will undergo major turnaround next year, maintenance also planned at Edmonton refinery.CEO says looking at using automated vehicles at Fort Hills oil sands plant to help reduce operating costs.Says once Fort Hills operating, company will sell nearly 200,000 bpd of its production to third parties.

Oando responds to Securities and Exchange Commission's findings​

Wednesday, 25 Oct 2017

Oct 25 (Reuters) - Oando Plc :‍OANDO PLC'S POSITION ON SECURITIES AND EXCHANGE COMMISSION'S ALLEGED FINDINGS​.‍SEC COMMISSION FINDS THAT GCEO RESPONSIBLE FOR FIXING REMUNERATION OF OTHER EXECUTIVE DIRECTORS IS IN VIOLATION OF PART B, 14.3 OF SEC CODE."OANDO IS OF THE VIEW THAT THE SEC’S DIRECTIVES ARE ILLEGAL, INVALID AND CALCULATED TO PREJUDICE THE BUSINESS OF THE COMPANY"‍​.‍COMMISSION FINDS LAST BOARD EVALUATION OF OANDO PLC WAS DONE BY KPMG IN 2012, A VIOLATION OF PART B, 15.1 OF SEC CODE OF CORPORATE GOVERNANCE​.

Shell divests from Norway's Polarled pipeline, cuts Nyhamna stake

Friday, 20 Oct 2017

Oct 20 (Reuters) - Royal Dutch Shell Plc :Says agreed to sell its 9 percent stake in the Polarled gas pipeline venture and a 3 percent stake in the Nyhamna gas processing plant to Cape Omega for an undisclosed sum.Says Shell will retain a 12.03 percent stake in Nyhamna.Says Shell's holding in the Ormen Lange field, supplying gas to Nyhamna, will remain unchanged at 17.8 percent.Cape Omega is owned by private equity investment firm HitecVision.Polarled pipeline expected to start transporting gas from Norway's Arctic Aasta Hansteen field to Nyhamna in 2018.

Paramount Resources Ltd says 2017 sales volumes projected to average approx. 20,000 boe/d

Wednesday, 15 Feb 2017

Paramount Resources Ltd : Paramount resources ltd. Provides operational update and preliminary 2017 outlook . Paramount resources ltd - paramount's 2017 capital program is expected to total approximately $325 million . Paramount resources ltd - sales volumes in 2017 are projected to average approximately 20,000 boe/d . Paramount resources ltd - sales volumes are expected to average over 30,000 boe/d in q4 of 2017 . Paramount resources - in sept 2017, karr-gold creek sales volumes are anticipated to be impacted by planned shut-down of third party gas processing plant . Paramount resources ltd - annual operating costs for 2017 are anticipated to average approximately $10.00 per boe .Paramount resources - q4 2017 operating costs are expected to be lower than in first part of year because of ramp-up in production volumes at karr-gold creek.

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