|Bid||16.160 x 0|
|Ask||16.240 x 0|
|Day's Range||16.048 - 16.240|
|52 Week Range||13.220 - 16.890|
|PE Ratio (TTM)||12.74|
|Earnings Date||Oct 26, 2018|
|Forward Dividend & Yield||0.80 (5.00%)|
|1y Target Est||18.51|
When the owners of Norwegian oil firm Aker BP (AKERBP.OL) decided to digitise its assets and operations, they searched high and low for the right software company. Less than two years later, Cognite is selling its software to Aker BP's rivals and one competitor, Sweden's Lundin Petroleum (LUPE.ST), has even agreed to share its real-time oilfield data with Aker in what they say is an industry first. "This will be the first time two different operators, or oil companies, will share operations/production data live from two producing fields, that is between Edvard Grieg and Ivar Aasen," a Lundin Norway representative told Reuters.
Since July 2, the implied volatility in Royal Dutch Shell (RDS.A) has fallen by three percentage points to the current level of 17%. During the same period, Shell stock has declined 7%.
Since it started producing in January of this year, the huge Zohr natural gas field off the coast of Egypt has seen its production increase six-fold
In the previous part, we discussed Royal Dutch Shell’s (RDS.A) stock performance, which has fallen 7% in the third quarter. Now, we’ll discuss Shell’s moving average trend in the current quarter. We’ll also discuss the company’s moving averages in the first and second quarter.
Italian energy group Eni (ENI.MI) is not involved in any talks regarding loss-making carrier Alitalia, an Eni spokesman said on Thursday, denying a report in financial daily Il Sole 24 Ore. The paper said on Thursday that under an Alitalia rescue plan being prepared by the government, state-controlled firms led by Italian state railways would end up with 51 percent of the airline. "We have not been involved in any operation on Alitalia and the idea of us investing in the company is unfounded," the spokesman said in an emailed statement.
Eni's (E) current production at the Zohr field reaches 2 bcfd. Per initial estimates, daily output of natural gas was projected to touch 2.7 bcfd by 2019.
Emerging market contagion continues to spread in oil markets, but supply hiccups and bullish claims from OPEC have kept oil prices elevated
In the previous part of this series, we looked at Chevron’s (CVX) short interest changes. In this part, we’ll consider Chevron’s (CVX) forward valuations compared to its peers. Chevron (CVX) trades at a forward PE ratio of 14.0x, which is above its peer average of 11.6x.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Historically, Eni SpA (BIT:ENI) has paid a dividendRead More...
The fighting in the suburbs of Tripoli between two rebel militias and central security forces of Libya, which started Aug. 24, is pushing oil prices up. The Crude Oil WTI Futures expiring in October are at $69.3 per barrel, up 0.7% since Aug. 24, while the Brent Oil Futures expiring in November rose 2.5% to $77.6 per barrel. One of the supermajor refiners that is strongly engaged in mineral activities in the Libyan country is Eni S.p.A. (NYSE:E).
Eni (E) plans to fast track exploration activities in the newly-acquired assets to create long-term value for shareholders.
In the previous part of this series, we saw that ExxonMobil (XOM) stock has fallen 3% in the current quarter. Now let’s look at XOM’s moving average trend in the current quarter and in previous quarters.
CAIRO—Egypt’s government is taking an unconventional approach toward becoming the Middle East’s next big energy exporter: Its own citizens are footing the bill. President Abdel Fattah Al Sisi’s government has coaxed some big oil companies back to Egypt in part by paying foreign companies more for natural gas and by raising the price of electricity and gas for consumers, who also face rising costs for transportation, water and other basic goods. In June, electricity prices rose 26% overnight while natural-gas prices rose as much as 75%.
Equinor is delaying a crucial exploration campaign in the Norwegian Barents Sea due to problems with the rig, the company's exploration chief told Reuters on Monday. "We were hoping to start this campaign during the summer ... The programme will be delayed by a few months," Tim Dodson said in an interview on the margins of an oil conference. The rig, the West Hercules owned by North Atlantic Drilling , was due to drill three wells for Equinor -- the Gjoekaasen, Korpfjell Deep and Intrepid Eagle prospects.
In the previous part, we saw that BP (BP) stock has fallen 7% in the current quarter. Now let’s look at BP’s moving averages trend in the quarter.
BP (BP) stock has fallen 7% so far in the third quarter, mainly due to a fall in the price of oil. WTI, the benchmark crude oil, has fallen 11% in the current quarter. However, the market has risen. The SPDR S&P 500 ETF (SPY), which closely resembles the S&P 500 Index, has risen 5% in the third quarter.
Eni's (E) award of Nour in the East Nile Delta Basin of the Mediterranean Sea along with lease extensions for Abu Madi West Development and Ras Qattara Concession strengthen its portfolio.
Portugal has a troubled oil & gas history, but new exploration efforts point at a potentially lucrative opportunity for this European nation
Momentum in Ghana’s hydrocarbons industry is increasing, with a new offshore field entering production, and the prospect of more oil and gas leases to be offered for exploration