|Bid||152.28 x 800|
|Ask||152.45 x 800|
|Day's Range||152.13 - 153.52|
|52 Week Range||139.77 - 193.66|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||13.24|
|Forward Dividend & Yield||9.32 (6.12%)|
|1y Target Est||209.69|
Brazil's Senate passed the main text of a bill late on Tuesday defining the distribution of proceeds from a blockbuster auction of oil prospecting rights, a key milestone for the enormous offshore region known as TOR - the 'transfer-of-rights' area. The bidders who win exploration and production rights in the massive Nov. 6 auction will be obliged to pay the government a combined signing bonus of some 106.5 billion reais ($25.8 billion), making it the largest oil bidding round in history, according to Brazilian authorities. The fields are unique as Brazilian state-run oil firm Petroleo Brasileiro SA, better known as Petrobras, has already done significant exploration work in the area.
Oil and gas explorer FAR Ltd said on Tuesday it bought an additional 10% interest in two offshore blocks off Gambia, giving the company a 50% working interest and operatorship of the project. The Gambian government has issued new licences to the joint venture between the company's unit FAR Gambia and PC Gambia, a unit of Malaysian state-run oil and gas major Petroliam Nasional Bhd, FAR said in a statement. In August, FAR, which holds a stake in licences for oil drilling off the coast of West Africa's Guinea-Bissau, said a unit of China National Offshore Oil Corp would take a majority stake in those projects.
Bangladesh has shortlisted 17 companies for its spot tender process as it plans to buy around 1 million tonnes of liquefied natural gas (LNG) next year to capitalise on lower prices for the super-chilled fuel, two company officials said. Petrobangla, in charge of LNG imports into the South Asian country, plans to sign sales and purchase agreements with the shortlisted companies after it receives cabinet approval, the officials with direct knowledge of the matter said. “We are moving ahead with plans to import LNG through the spot market by shortlisting 17 companies out of a total of 43,” one of the Petrobangla officials said.
HONG KONG , Sept. 26, 2019 /PRNewswire/ -- CNOOC Limited (the "Company", NYSE: CEO, SEHK: 00883, TSX: CNU) announced on September 25, 2019 ( New York time) the pricing of an offering of US$1,500,000,000 ...
SANYA, China/SINGAPORE, Sept 24 (Reuters) - China's national offshore producer CNOOC Ltd expects its major deepwater gas field Lingshui 17-2 in the South China Sea to start its first gas production at the end of 2021, a company executive said on Tuesday. Chinese state-run energy producers are raising spending on domestic oil and gas drilling to multi-year highs this year, with a focus on cleaner-burning natural gas in a response to Beijing's call to boost energy supply security.
Moody's Investors Service has assigned an A1 senior unsecured rating to the proposed notes to be issued by CNOOC Finance (2013) Limited, and unconditionally and irrevocably guaranteed by CNOOC Limited (A1 stable). The note proceeds will be used by CNOOC Limited for general corporate purposes. The A1 rating on the notes reflects the irrevocable and unconditional guarantee from CNOOC Limited, as well as the fact that the notes are ranked pari passu with CNOOC Limited's other senior unsecured obligations.
McDermott's (MDR) joint venture with China Shipbuidling Industry Corporation will execute fabrication along with partial procurement, construction and pre-commissioning scope.
ExxonMobil's (XOM) Tripletail-1 well, which is drilled at a depth of 2,003 meters of water, is located about five kilometers northeast of the Longtail discovery.
HONG KONG, Aug. 29, 2019 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) today announced its 2019 interim results for the six months ended June 30, 2019. CNOOC Limited devoted efforts in exploration and development activities during the first half of 2019 through a pragmatic and enterprising approach, and successfully increased oil and gas reserves and production levels. The Company's amount of exploration and development activities reached a record high with improving key financial indicators.
Although Encana (ECA) slips to 52-week low, the stock should be retained in your portfolio, given robust output and cash flow outlook, along with strategic endeavors to boost performance.
-- Financial contributions from the pipeline business is small for the oil companies. Moody's Investors Service says in a just-released report that the Chinese government's plan to create a national pipeline company -- which will acquire most of the oil and gas pipelines from the country's three national oil companies (NOCs) -- will have a limited impact on the NOCs' credit profiles.
While China's efforts to increase output may offset production decline from aging oilfields, it is not likely to reduce its dependence on foreign oil and gas imports.
It was a rough fourth quarter for many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing the S&P by more […]