|Bid||42.900 x 1100|
|Ask||43.200 x 25000|
|Day's Range||45.805 - 46.130|
|52 Week Range||41.825 - 49.500|
|PE Ratio (TTM)||15.79|
|Forward Dividend & Yield||2.95 (5.69%)|
|1y Target Est||N/A|
Woodside Petroleum, Australia's largest independent oil and gas producer, reported a 7 percent dip in third-quarter revenue as output from the North West Shelf in Western Australia declined, and slashed its full-year output guidance range. Revenue in the quarter slipped to $914 million from $988 million in the year-ago period, short of UBS's forecast of $992 million, while output fell to 20.3 mmboe from 25.2 mmboe last year, compared with UBS's forecast of 21.9 mmboe. Woodside also said it had appointed Sherry Duhe as its chief financial officer, effective Dec. 1.
U.S. President Donald Trump's hardened stance towards Iran evoked a mixture of indifference and national pride among Iranians on Saturday but many were concerned about economic hardship should a multinational nuclear deal unravel. In a major shift in U.S. foreign policy, Trump said on Friday he might ultimately terminate the 2015 agreement that lifted sanctions in return for Tehran rolling back technologies with nuclear bomb-making potential. "Who the hell is Trump to threaten Iran and Iranians?
Petrobras (PBR) declared that it will take necessary legal steps to protect the interest of shareholders only after receiving an official statement from the court.
For an industry that is supposed to be struggling to find cash and partners due to crippling western sanctions, Russia's energy sector is showing few signs of feeling abandoned. Six years after Rosneft ...
TOTAL S.A. 's (TOT) focus on deepwater African assets will continue to strengthen its production profile and boost performance.
A tender for developing Iran's Azadegan oilfield has been delayed again, a senior Iranian oil official said on Tuesday, adding that it will not take place in 2017. Tehran is looking to increase its crude output, and with 37 billion barrels of oil, the Azadegan field is Iran's largest, shared with neighbouring Iraq. Iran said in June that international energy companies including France's Total, Malaysia's Petronas and Japan's Inpex, have presented technical surveys for the development of the Azadegan field for the tender.
Trapeze Asset Management released its second-quarter investor letter recently, which detailed some of the fund’s moves during the period. With the U.S stock market at all-time highs, the fund found it challenging to unearth bargains. It also sold off a number of positions as the prices on those stocks ran past the fund’s fair market […]
Chevron Corp. and Total SA have expressed readiness to help develop Iraq’s giant Majnoon oil field, which Royal Dutch Shell Plc said it wants to quit, according to Iraqi Oil Minister Jabbar al-Luaibi.
Oil major Total is working with Brazil's environmental agency Ibama to resolve the last questions regarding the process to obtain a license to drill at Foz do Amazonas area, Maxime Rabilloud, head of Total's ...
For over a decade, the North Sea’s once-booming oil sector was mired in decline. Against the odds, it has emerged as an unlikely bright spot in today’s stormy global energy industry.
A group of investors in Norway's gas pipeline network are going to the country's highest court in a final attempt to overturn a government decision to cut pipeline tariffs that came into effect in October 2016. The Supreme Court is expected to decide whether to hear the case in late 2017, one of the investors, Solveig Gas, said in a statement. The government owns 45.8 percent of the Gassled pipeline network via state-owned Petoro, while majority state-owned Statoil has 5 percent.
Four partners in Gassled, Norway's gas infrastructure network, will appeal to the Norwegian Supreme Court a decision by a lower court that found in favour of the Norwegian state regarding the setting of network tariffs, two of the plaintiffs said on Wednesday. The Supreme Court is expected to decide whether to hear the case in late 2017, one of the partners, Solveig Gas, said in a statement.
The Papua New Guinea government has started paying local landowners long awaited benefits from the $19 billion PNG LNG project, in a promising sign for energy giants ExxonMobil and Total looking to invest billions more in the country. The PNG liquefied natural gas project, operated by ExxonMobil Corp, has been exporting for more than three years, with a 2-percent royalty set aside for landowners, but payments had been held up by disputes over who is eligible. The royalty funds have been held in trust by the government while it vets landowners, a prolonged process that has triggered violent clashes over the past three years and threatened to disrupt PNG LNG operations.
Tens of thousands of hard-left trade unionists marched through French cities on Tuesday to protest against President Emmanuel Macron's labour law reforms, although turnout appeared lower than at demonstrations in previous years. Riot police clashed with hooded youths in isolated skirmishes on the fringe of the march led by the Communist Party-linked CGT union in Paris.
Colonial Pipeline Co, the biggest U.S. fuel system, said on Friday it expects the full restart of its crucial supply point at Port Arthur, Texas by the end of the month after Hurricane Harvey dumped heavy rains and caused flooding. In the meantime, Colonial is considering allowing shipments of fuel through the Port Arthur pumping facility at a reduced rate, starting September 15th. The Port Arthur region is home to Motiva Enterprises' 603,000 barrel per day (bpd) Port Arthur refinery, the country's biggest.
Greek Prime Minister Alexis Tsipras urged French businesses on Friday to invest in Greece, as it emerges from its debt crisis, and assured them that they would not regret it. Tsipras said attracting investment was a priority for his leftist-led government, which aims to reduce the jobless rate, the euro zone's highest, and make Greece financially independent in 2018, when the country's third international bailout expires. "Greece is an opportunity... a real opportunity," Tsipras told French business leaders accompanying French President Emmanual Macron on a two-day trip to Athens.
Gasoline futures surged on Wednesday to another two-year high and crude oil fell, as flooding and damage from Tropical Storm Harvey shut nearly a quarter of U.S. refinery capacity, curbing demand for crude while raising the risk of fuel shortages. Refineries with output of 4.2 million barrels per day (bpd) were offline on Tuesday, representing nearly 23 percent of U.S. production, according to Reuters estimates and company reports. "It will be a while before operations can return to normal and the U.S. refining industry is bracing itself for an extended shutdown," Stephen Brennock of oil broker PVM said.
Borr Drilling, the Norwegian drilling start-up, which listed on the Oslo exchange on Wednesday, said it aimed to expand its fleet, taking advantage of its low cost base. The start-up, launched last year and backed by the world's biggest oil service firm Schlumberger, said it aimed to have the lowest cash break-even costs in the industry and would take advantage of current low prices for rigs. "We have no debt," Borr's Chief Executive Simon Johnson told Reuters after its shares started trading on Oslo's main market.
The Zacks Analyst Blog Highlights: TOTAL S.A., Chevron, SeaDrill, The Williams Companies and Petrobras