36.20 +0.71 (2.00%)
Pre-Market: 4:03AM EDT
|Bid||36.31 x 1100|
|Ask||36.37 x 800|
|Day's Range||35.42 - 36.24|
|52 Week Range||30.81 - 40.15|
|PE Ratio (TTM)||16.42|
|Forward Dividend & Yield||1.87 (4.86%)|
|1y Target Est||41.00|
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
Pakistan’s Minister for Maritime and Foreign Affairs, Hussain Haroon, has said that ExxonMobil is on the brink of discovering huge oil reserves off the coast of Pakistan
With the price of Brent crude oil having risen from roughly $50 a barrel over the past three years to more than $73 today, oil and gas companies are reporting profits not seen since 2014. This picture contrasts with arguments that oil and gas companies are facing a mountain of writedowns as the world weans itself off fossil fuels in line with the Paris climate accord. ) shows that there may be systemic overstatement of capital and performance due to the use of overly optimistic long-term energy price assumptions.
Italian oil major (ENI.MI) expects to invest $1.795 billion(1.37 billion pounds) in three offshore Mexican oil fields by 2040, according to a development plan approved by Mexico's oil regulator on Tuesday. The plan covering the Amoca, Mizton and Tecoalli shallow water fields is the second one approved by the regulator, known as the National Hydrocarbons Commission (CNH), following a landmark 2013 energy opening that has led to more than 100 oil and gas contracts being awarded in a series of auctions. The FPSO will be based in the Mizton field and will be used to separate and store oil and gas, and ultimately fill arriving tankers with crude.
Eni's (E) second-quarter 2018 results gain from higher production as well as increased oil and gas prices realizations, partially offset by mature field declines.
MELBOURNE/TOKYO, July 27 (Reuters) - Australia's tropical city of Darwin wants to establish itself as a world-scale energy export hub, building on its closeness to demand centres in Asia and abundant nearby natural gas resources. With the imminent start-up of Inpex Corp's $40 billion Ichthys liquefied natural gas (LNG) project, the capital of the Northern Territory will be home to two LNG exporting facilities, with a total capacity of 12.6 million tonnes a year, including ConocoPhillips' Darwin LNG plant that opened in 2006.
Italian oil producer Eni (ENI.MI) reported a 66 percent jump in second quarter profit on Friday on higher oil prices and production but fell short of analyst forecasts. Eni faced higher taxes than a year earlier and its investment returns fell, its earnings showed. Eni shares were down 0.5 percent at 0701 GMT while the European oil and gas index was up 0.07 percent.
AC Milan said on Saturday a former oil company boss had been put in charge of the top-ranked Italian soccer club while it searched for a new chief executive, after U.S. fund Elliott took control. AC Milan said Paolo Scaroni, the longtime CEO of Italian oil group Eni and now deputy chairman of investment bank Rothschild, had been named as executive chairman and would take on interim management of the club. CEO Marco Fassone, who was hired last year by the club's former Chinese owners, has stepped down with immediate effect.
Exxon Mobil will expand its Rovuma liquefied natural gas (LNG) project in Mozambique by half to cut production costs as the partners prepare to book the plant's supply and formally tap lenders in September, the company told Reuters. The U.S. oil giant took charge of the East African LNG project's onshore operations following a $2.8 billion deal with Italy's Eni last year, adding to its slate of planned gas projects in Qatar, Papua New Guinea, Russia and the United States. It now aims to build the world's biggest liquefaction units, or trains, outside Qatar, in Mozambique's remote north, shelving former operator Eni's more modest blueprint in pursuit of cost savings to boost returns on investment.
Libya’s state-run National Oil Corp. (NOI.YY) said Thursday that it will restore production on a Western oil field and has lifted force majeure, with the move coming one day after the reopening of key oil ports in the country’s east. Libya’s NOC said it will bring el-Feel’s production back to 50,000 barrels a day within two days, and to 72,000 barrels a day three days later, following successful negotiations with local security guards. Libya had been pumping over 1 million barrels a day prior to the disruptions.
ExxonMobil (XOM) to undertake construction and operation of natural gas liquefaction and associated facilities in the Rovuma LNG Project.
FINNMARK PLATEAU, Norway/OSLO, July 9 (Reuters) - When he's not out on the Arctic tundra with his 2,000 reindeer, his dog and Whitney Houston blasting through his headphones, Nils Mathis Sara is often busy explaining to people how a planned copper mine threatens his livelihood. Along with other Sami herders and fishermen, the 60-year-old is in a standoff with the mine owners, Norwegian officials and many townspeople that is, after six years, coming to a head. It is a litmus test for the Arctic, where climate change and technology are enabling mineral and energy extraction, shipping and tourism while threatening traditional ways of life and creating tensions among its four million inhabitants.
Mexico’s secretive oil hedge has earned the country and investment banks billions of U.S. dollars, but is the deal still on the table with the new administration?
Eni's (E) attempt to strengthen presence in the Norwegian waters will facilitate expansion of portfolio through future exploration bid rounds and M&A transactions.
Andrés Manuel López Obrador won a landslide victory on Sunday to become Mexico’s next president, leaving the oil and gas industry on edge due to his rhetoric during the campaign regarding the country’s energy reforms