Finance

Iran to spend $21 billion on oil projects: GlobalData

TEHRAN (NIOC) _ Iran will dedicate about $21 billion in capital expenditure (capex) on oil projects over the next four years, according to leading market research and analysis firm GlobalData. The spending is aimed at ensuring that production grows to around 4.9 million barrel per day (bpd) in 2021, the UK-based company said in its latest analysis of the country’s

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Antero Resources Announces Formation of Special Committee to enhance Antero’s valuation

DENVER, Feb. 26, 2018 — Antero Resources (NYSE: AR) (“Antero” or the “Company”) announced today that, as part of its ongoing evaluation process disclosed in the Company’s January 29, 2018 press release, the Board of Directors has formed a Special Committee comprised solely of independent directors (the “AR Special Committee”) to explore, review and evaluate potential measures to address the discount

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Colorado Petroleum Council Welcomes Mill Levy Increase to Ensure Necessary Funding For COGCC

202.682.8114 | press@api.org DENVER, February 12, 2018 – The Colorado Petroleum Council (CPC) issued the following statement in support of the Colorado Oil and Gas Conservation Commission’s (COGCC) mill levy increase to secure much needed funding for the Commission to ensure adequate staffing and timely review and approval of applications for safe and responsible energy development in Colorado. “Ensuring necessary

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DOVER CORPORATION: DOVER DECLARES REGULAR QUARTERLY CASH DIVIDEND

DOWNERS GROVE, IL, February 9, 2018 – The Board of Directors of Dover (NYSE: DOV) today declared a regular quarterly cash dividend of $0.47 (forty-seven cents) per share, payable on March 15, 2018 to shareholders of record as of February 28, 2018. About Dover: Dover is a diversified global manufacturer with annual revenue of approximately $8 billion. We deliver innovative

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Anadarko Increases Dividend Fivefold And Expands Share-Repurchase Program

HOUSTON, Feb. 0187, 2018 — Anadarko Petroleum Corporation (NYSE: APC) today announced a quarterly cash dividend on the company’s common stock of 25 cents per share, an increase of 20 cents per share versus the previous quarter. The dividend is payable March 28, 2018, to stockholders of record at the close of business on March 14, 2018. In addition, the board of

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Share capital increase for issue of dividend shares in connection with payment of dividend for third quarter 2017

February 7, 2018 06:51 CET  Based on the authorisation granted by the annual general meeting 11 May 2017, the board of directors of Statoil ASA (OSE:STL, NYSE:STO) has on 6 February 2018 resolved to increase the share capital in connection with the payment of dividend for the third quarter 2017 on the following terms and conditions: NOT FOR RELEASE IN

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Further increasing value of Johan Sverdrup

February 7, 2018 07:26 CET| Last modified February 7, 2018 08:28 CET Statoil and partners further increase the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base. The Johan Sverdrup development is now nearly 70% complete, which is according to plan, and investment

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NOV Reported Fourth Quarter and Full-Year 2017 Results

HOUSTON–(BUSINESS WIRE) “Solid execution and success in our efforts to reposition the Company resulted in a $289 million improvement in Adjusted EBITDA on a $53 million increase in revenue in 2017,” commented Clay Williams, Chairman, President, and CEO. “Our team continues to position the Company in the markets that matter most to our customers by investing in technologies that drive

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Ensco plc Schedules Fourth Quarter and Full-Year 2017 Earnings Release and Conference Call

02/06/2018 LONDON–(BUSINESS WIRE)– Ensco plc (NYSE: ESV) will hold its fourth quarter and full-year 2017 earnings conference call at 10:00 a.m. CT(11:00 a.m. ET and 4:00 p.m. London) on Tuesday, 27 February 2018. The earnings release will be issued before the New York Stock Exchange opens that morning. The conference call will be webcast live at www.enscoplc.com. Alternatively, callers may

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Emerson Reports First Quarter 2018 Results and Raises Full-Year Sales and EPS Guidance

Net sales of $3.8 billion increased 19 percent, or 7 percent on an underlying basis GAAP EPS from continuing operations increased 9 percent to $0.61 and were up 18 percent excluding current and prior year tax items Operating cash flow from continuing operations increased 9 percent to $447 million Returned more than $800 million to shareholders via dividends and share

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BP 4Q and full-year 2017 results

Date: 6 February 2018 Stock exchange announcement(PDF 488.2 KB) Strong delivery and growth across BP – Underlying profit up 139% – Organic cash flows back in balance – Downstream underlying profit up 24% – Upstream production up 12% – Reserves replacement ratio 143% for BP group – Share buybacks, offsetting scrip dilution, restarted 2017 was one of the strongest years in

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Expro announces completion of financial restructuring

Emerging with a Stronger and More Sustainable Capital Structure Aberdeen, Scotland, February 5, 2018 – Leading international oilfield services company, Expro, announced today that it has successfully completed its financial restructuring, providing the Company with a stronger and more sustainable financial foundation to grow the business. The financial restructuring eliminated Expro’s entire $1.4 billion of funded debt, including the associated

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Hess Reports Estimated Results for The Fourth Quarter of 2017

  Hess today reported a net loss of $2,677 million, or $8.57 per common share, in the fourth quarter of 2017, compared with a net loss of $4,892 million, or $15.65 per common share, in the fourth quarter of 2016. Fourth quarter 2017 results reflect net after-tax charges totaling $2,373 million, including a non-cash accounting charge of $1,700 million to reduce

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Deepwater Horizon claims facility approaches closure; BP to take $1.7 billion post-tax non-operating charge

Date: 16 January 2018 Charge covered within existing financial framework The Court Supervised Settlement Program (CSSP) established as part of the Deepwater Horizon (DWH) class action settlement is winding down. BP now expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results for the remaining Business Economic Loss (BEL) and other claims associated with the CSSP. The cash impact

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Nabors Announces Offering of Senior Unsecured Notes

Company Release – 1/16/2018 7:06 AM ET HAMILTON, Bermuda, Jan. 16, 2018 /PRNewswire/ — Nabors Industries Ltd. (NYSE:NBR) (“Nabors”) announced today that its wholly owned subsidiary, Nabors Industries, Inc. (“NII”), has commenced an offering of senior unsecured notes due 2025 (the “notes”). The notes will be fully and unconditionally guaranteed by Nabors. Nabors intends to use the net proceeds from this offering to

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CGG PROVIDES FULL YEAR 2017 TRADING UPDATE

Paris, France – January 16, 2018 Full-Year 2017 CGG Group Revenue was up 10% year-on-year, standing at $1,320 million compared to $1,196 million in 2016. Group Q4 revenue stood at $400 million, compared to $328 million in Q4 2016, as a combination of GGR at $256 million, Equipment at $116 million, Contractual Data Acquisition at $40 million and Elimination at

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PRECISION DRILLING CORPORATION POSTS NEW INVESTOR PRESENTATION WITH UPDATED ACTIVITY AND OUTLOOK AMID STRONGER OIL PRICES

01/15/2018 CALGARY, ALBERTA — (Marketwired) — 01/15/18 — Precision Drilling Corporation (TSX:PD)(NYSE:PDS) This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. Precision

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Anadarko Schedules Feb. 7 Conference Call To Discuss Year-End 2017 Results and 2018 Capital Program

HOUSTON, Jan. 15, 2018 /PRNewswire/ — Anadarko Petroleum Corporation (NYSE: APC) will host an investor conference call on Wednesday, Feb. 7, 2018, at 8 a.m. CST (9 a.m. EST) to discuss its fourth-quarter and full-year 2017 financial and operating results as well as details of its 2018 capital program and expectations. Earnings will be released after close of market on Tuesday,

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ConocoPhillips to Hold Fourth-Quarter Earnings Conference Call on Thursday, Feb. 1

JANUARY 11, 2018 HOUSTON – ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Feb. 1, 2018 at 12:00 p.m. EST to discuss fourth-quarter and full-year 2017 financial and operating results. The company’s financial and operating results will be released before the market opens on Feb. 1. To access the webcast, visit ConocoPhillips’ Investor Relations site,www.conocophillips.com/investor, and click

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