Oil and Gas Integrated Oil and Gas

  • *Simple European refiners begin run cuts of up to 5 pct. LONDON, July 29- Energy companies' lifeline during the rout in oil prices- refining and downstream- has withered but the fall in margins is hardly a surprise for European refiners, which are turning again to survival strategies honed during the tough years. "Last year was the best year on record for European...

  • *Says Alberta wildfires reduced net income by C $170 mln. July 29- Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, reported a surprise quarterly loss due to the impact of wildfires in Fort McMurray, Alberta. The Alberta wildfires reduced output by about 60,000 barrels per day and net income by an estimated C $170 million, Imperial said on Friday.

  • A truck enters the ExxonMobil refinery on May 23, 2016 in Notre-Dame-de-Gravenchon, northwestern France.

    ExxonMobil earned an adjusted 41 cents per share in the second quarter, compared with expectations for 64 cents per share.

  • July 29- Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, reported a quarterly loss due to the impact of wildfires in Fort McMurray, Alberta. The Alberta wildfires reduced output by about 60,000 barrels per day and net income by an estimated $170 million, Imperial said on Friday. The company reported net loss of C $181 million, or 21 Canadian...

  • NEW YORK, July 27- Investors reeling from several quarters of declines from U.S. energy companies are optimistic that a recent oil rebound may help boost results of exploration and production companies reporting in the coming days. "The big question of course is oil prices," said Mike Breard, analyst at Hodges Capital Management in Dallas, Texas.

  • NEW YORK, July 27- Investors reeling from several quarters of declines from U.S. energy companies are optimistic that a recent oil rebound may help boost results of exploration and production companies reporting in the coming days. "The big question of course is oil prices," said Mike Breard, analyst at Hodges Capital Management in Dallas, Texas.

  • TORONTO, July 22- Canada's main stock index hit its highest close in a year on Friday, notching a fourth straight weekly gain as yield-producing telecom and utility stocks found favor, offsetting a plunge in shares of Valeant Pharmaceuticals International Inc.. Its rivals, which have not yet reported second-quarter numbers, also gained, with Telus Corp adding...

  • July 22- Husky Energy Inc, Canada's No. 3 integrated oil company, reported a smaller-than-expected quarterly loss on Friday as its focus on fewer, more efficient resource plays helped reduce production costs. The strong results sent shares up 2.66 percent to C $15.83 on the Toronto Stock Exchange, even as the Calgary- based company rushed to clean up after oil...

  • TORONTO, July 22- Canada's main stock index slipped on Friday but was on track for its fourth straight weekly gain as losses for materials stocks and Valeant Pharmaceuticals International Inc were offset by rising telecom, railway and banking stocks. The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.0...

  • July 22- Husky Energy Inc, Canada's No. 3 integrated oil company, reported a smaller-than-expected quarterly loss as the focus on fewer, more efficient resource plays helped reduce production costs. Overall earnings break-even is expected to be sub- $40 WTI by the end of 2016, as several key projects are up and running, including the 30,000- barrel-per-day...

  • July 22- Husky Energy Inc, Canada's No. 3 integrated oil company, reported a second-quarter loss, compared with a year-earlier profit, as production fell due to planned maintenance and the Fort McMurray wildfire in Alberta. WTI by the end of 2016, as several of the company's key projects are up and running, including the 30,000- barrel-per-day Sunrise, which was...

  • July 22- Husky Energy Inc, Canada's No. 3 integrated oil company, reported a second-quarter loss, compared with a year-earlier profit, as production fell due to planned maintenance and the Fort McMurray wildfire in Alberta. The Calgary- based company reported a loss of C $196 million, or 20 Canadian cents per share, for the second quarter ended June 30, compared with a...

  • Royal Dutch Shell products in Torzhok, Russia.

    Oil prices are shedding their gains, but Evercore analyst Doug Terreson said it's not time to abandon the big oil trade.

  • TORONTO/ CALGARY, June 21- Suncor Energy Inc plans to make acquisitions in the North Sea and Eastern Canada to bolster its offshore upstream oil business as assets become available due to the slump in global oil prices, three sources familiar with the process said. The company reassessed its growth strategy after a massive Alberta wildfire in May that closed...

  • The sale could fetch around $800 million and help Canada's biggest energy company pay down debt incurred by recent acquisitions, the people said this week. Calgary, Alberta- based Suncor, which merged with Petro-Canada in 2009, is working with Bank of America Corp on the sale process, said the sources, asking not to be identified because the matter is...

  • CALGARY, Alberta, June 1- Husky Energy Inc, Canada's No. 3 integrated oil company, expects to generate full-year free cash flow and may reinstate a cash dividend after the recent rally in crude oil prices. The company said it could maintain production if crude prices hovered around $30 per barrel, though it expects to generate about C $800 million in full-year free...

  • CALGARY, Alberta, June 1- Husky Energy Inc, Canada's No. 3 integrated oil company, expects to generate free cash flow and may reinstate a cash dividend after the recent rally in crude oil prices. Husky, controlled by Hong Kong billionaire Li Ka- shing, produces oil and natural gas in Canada and southeast Asia, and holds numerous exploration licenses off Canada's...

  • June 1- Husky Energy Inc, Canada's No. 3 integrated oil company, said it expected to generate free cash flow and may reinstate a cash dividend as crude oil prices have rallied in recent weeks. The company said it could generate about C $800 million in free cash flow if oil rises to $50 from $40 per barrel on an annualized basis. Husky, controlled by Hong Kong billionaire...

  • June 1- Husky Energy, Canada's No. 3 integrated oil company, said it expected to generate free cash flow and may reinstate a cash dividend as crude oil prices have rallied in recent weeks. The company said it could generate about C $800 million in free cash flow if oil rises to $50 from $40 on an annualized basis. Husky said it was on track to complete eight projects by...

  • Imperial's net loss was C $101 million, or 12 Canadian cents per share, in the first quarter ended March 31, compared with net income of C $421 million, or 50 Canadian cents per share, a year earlier. Imperial shares were last down 0.2 percent on the Toronto Stock Exchange at C $41.97 following the slight miss on market expectations. "The key differences relative to our...