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Macri juggling act entangles Argentina's answer to the Permian

2017-11-28 worldoil
After a win in the Oct.-22 midterm elections, President Mauricio Macri unveiled reforms to trim a fiscal deficit seen ending 2017 at about 4% of gross domestic product. The result: Macri will spend less on a subsidy that natural gas drillers depended on for their shale projects. While new wells qualify, it’ll be tough for those in production to get the higher prices. (1-0)

Shell restores full cash dividend as it emerges from slump

2017-11-28 worldoil
From this quarter, Shell will no longer offer shareholders the option to take the payout in stock, it said Tuesday. The company paid about $16 billion in dividends in the past year, of which about $4 billion was in shares. It also reiterated plans to buy back at least $25 billion of stock by 2020, subject to further debt reductions and a continued recovery in oil prices. (43-0)

Stock Market News For Nov 28, 2017

2017-11-28 zacks
Benchmarks turned in mixed performances on Monday as the rally in retail stocks earlier in the session petered out. Moreover, energy shares declined after oil prices fell as investors speculated that the production-cut deal would be extended by OPEC in the meeting slated for this week. Nevertheless, investors remained hopeful of a likely cut in corporate taxes and this boosted the investor sentiment. (80-0)

Statoil Acquires Stakes in Two Fields From Total for $1.45B

2017-11-28 zacks
Statoil ASA (STO - Free Report) has entered into an agreement with Total SA (TOT - Free Report) to acquire equity interests in two fields — Martin Linge and the Garantiana— from the latter for a total consideration of $1.45 billion. The fields are located in the Norwegian continental shelf (NCS). Statoil will acquire a 51% stake in the Martin Linge field and 40% in the Garantiana discovery. About Martin Linge Martin Linge is an oil and gas field under development. (13-0)

Shell Scraps Scrip Dividend, Confirms $25 Billion Buyback Plan - Bloomberg

2017-11-28 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (58-0)

Shell cancels scrip dividend as oil market downturn eases

2017-11-28 telegraph.co.uk
Royal Dutch Shell will stop paying dividends in shares for the first time since 2015 as it seeks to demonstrate it has left the worst of the crude slump behind. (22-0)

Amnesty Wants Shell Probed for Nigerian Abuses in the 1990s - Bloomberg

2017-11-28 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (23-0)

Royal Dutch Shell Vs. Suncor Energy

2017-11-27 seekingalpha
Royal Dutch Shell is the only oil major that made a big acquisition in the downturn while Suncor Energy has also grown significantly through acquisitions. (32-0)

Sales Growth Keeps Total (TOT) Shares a Buy

2017-11-24 investorplace
The current recommendation of Buy for Total SA (NYSE:TOT) has been derived by using the methods of Louis Navellier for investing and his Portfolio Grader stock evaluator. The current overall Portfolio Grader recommendation on the shares has changed twice in the past month, which represents a greater level of change than is typical. (1-0)

Hariri Marks Return With Vow to Advance Lebanon Energy Deals - Bloomberg

2017-11-23 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (2-0)

Major Energy Players Collaborate to Curb Methane Emission

2017-11-23 zacks
Many energy players are teaming up to curb methane emission, in order to ward off global warming. As per a recent news, three leading integrated energy players — Royal Dutch Shell plc (RDS.A - Free Report) and BP plc (BP - Free Report) and ExxonMobil Corporation (XOM - Free Report) — have joined hands for the same purpose. Earlier, Royal Dutch Shell and BP have collaborated with other oil majors for similar industry-wide cooperation on environmental issues. (58-0)

BP to Divest Interests in Bruce Assets to Serica Energy

2017-11-22 zacks
BP plc (BP - Free Report) has decided to divest a package of interests in the Bruce assets in the North Sea to Serica Energy plc. The company expects to conclude the sale and transfer of operatorship in the third quarter of 2018, subject to various approvals. The assets, which consist of the Bruce, Keith and Rhum fields along with three bridge-linked platforms and related subsea infrastructure, are currently operated by BP. (58-0)

Guess?'s (GES) CEO Victor Herrero on Q3 2018 Results - Earnings Call Transcript

2017-11-22 seekingalpha
Good day, everyone. And welcome to the Guess? Third Quarter Fiscal 2018 Earnings Conference Call. On the call are Victor Herrero, Chief Executive Officer and Sandeep Reddy, Chief Financial Officer. During today’s call, the Company will be making forward-looking statements, including comments regarding future plans, strategic initiatives, capital allocation and short and long-term financial outlook. (16-0)

BP to Acquire Cairn Energy's Oil Assets Offshore Senegal

2017-11-21 zacks
Per Reuters, BP plc (BP - Free Report) is planning to acquire a stake in Cairn Energy’s oil assets, located offshore Senegal. Subject to approval by the state, BP intends to buy 30% interest in Cairn Energy’s deepwater SNE field. This acquisition is likely to be valued at $600 million. However, the companies have declined to disclose details. The waters off Senegal, along with neighbors Mauritania and Gambia, have been consistently pursued by oil majors. (17-1)

BP Seeks Stake In Cairn Energy Senegal Assets

2017-11-20 rigzone
SYDNEY/DAKAR, Nov 20 (Reuters) - Oil exploration company, which could be valued at around $600 million, banking sources and a Senegal oil ministry source said on Monday. (7-0)

CUSIP: 00892E113