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Asian Oil News - page 33

 

NNPC, BP Swap Crude for Products

Nov 01, 2018

Nigeria's state oil firm NNPC said it had signed a crude-for-product swap deal with oil major BP.In its brief statement on Twitter late on Wednesday, NNPC said more details would be provided later. BP and NNPC did not immediately respond to requests for comment on Thursday…

Oil Exports from Iraqi Southern Ports Slide

Nov 01, 2018

Iraq's oil exports from southern ports on the Gulf averaged 3.469 million barrels per day (bpd) in October, lower than the September average, the oil ministry said on Thursday.Iraq exported 3.560 million bpd of crude oil in September.Iraqi oil…

Noble Energy Beats Street

Nov 01, 2018

U.S. oil and gas producer Noble Energy Inc reported a better-than-expected quarterly profit on Thursday, as the company boosted oil production and sold at higher prices.Sales volumes from the company's U.S. onshore business, its biggest, rose 17…

Hindustan Petroleum Profit Dives

Nov 01, 2018

State-owned refiner Hindustan Petroleum Corp Ltd posted a 37.1 percent fall in second-quarter profit on Thursday, dented by rising costs amid higher raw material and forex expenses.Net profit came in at 10.92 billion rupees ($148.62 million) in the quarter ended Sept…

Marathon Petroleum Profits Miss

Nov 01, 2018

U.S. oil refiner Marathon Petroleum's third-quarter profit missed Wall Street estimates on Thursday, as higher costs offset gains from cheaper crude.Marathon said total costs climbed 22 percent to $21.73 billion in the quarter ended September…

Shell Profits Soar

Nov 01, 2018

Royal Dutch Shell's profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback program.Although the $5.6 billion quarterly profit slightly missed forecasts for a fourth quarter…

Petrobras Stops Chevron Plan to Drill Offshore Brazil

Oct 31, 2018

A decision by Petrobras not to invest in drilling new wells has derailed Chevron Corp's plan to resume exploration in a Brazilian offshore field, people familiar with the matter said.Chevron, which operates the field with a 52 percent stake…

Bahrain's Oil Company Targets $1 Bln Through Dual-tranche Bond

Oct 31, 2018

Bahrain's state-owned oil company Nogaholding plans to raise $1 billion through a dual-tranche U.S. dollar-denominated bond on Wednesday, a document by one of the banks leading the transaction showed.The deal is the first foray by a Bahraini…

Oil Refiners Face Rollercoaster Ride as Fuel Margins Seesaw

Oct 31, 2018

Oil product margins have been tossed around on a wild rollercoaster ride in October, as factors like impending Iran sanctions, the China-U.S. trade war and upcoming shipping regulations yank fuel profits up, down and back again.Some profit margins…

Israeli 2014 Oil Spill Caused $76 Mln of Damage

Oct 31, 2018

A 2014 oil spill by a secretive state-run company that flooded an Israeli nature reserve caused 281 million shekels ($76 million) worth of damage, Israel's Environmental Protection Ministry said on Wednesday.The ministry sent its estimate to…

Hess Corp Posts Quarterly Profit, Beats Estimates

Oct 31, 2018

U.S. oil and gas producer Hess Corp posted its first profit in about four years that also easily beat analysts' estimates, as it sold oil at higher prices and managed to slash costs by 62 percent.New York-based Hess has not reported a profit…

Yarudeyskoye Field Produced 10 MT of Crude Oil

Oct 31, 2018

PAO Novatek announced that cumulative production at the Yarudeyskoye field owned by the Company’s subsidiary Yargeo, reached a milestone of 10 million tons of crude oil production since the commencement of operations.The field’s commercial production commenced in December 2015…

BP Profits Soar to Five-year High

Oct 30, 2018

BP reported on Tuesday that profits had more than doubled in the third quarter, boosted by stronger oil prices that hit a four-year high in the period and as production rose thanks to new fields.BP reported third-quarter underlying replacement cost profit…

China Oil Majors Eyeing Arctic Onshore Blocks

Oct 30, 2018

China National Petroleum Corp (CNPC) and China National Offshore Oil Corp (CNOOC) have expressed interest in bidding for onshore oil and gas blocks in Greenland to be offered in 2021, officials from the island said on Tuesday.The Arctic island…

McDermott Gets Saipem as Partner for NextDecade

Oct 30, 2018

McDermott International announced that it plans to partner with the Italian oil and gas industry contractor Saipem S.p.A. to bid for NextDecade's planned Rio Grande LNG project in Brownsville, Texas.'Our joint bid with Saipem will feature optimized…

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