Posts Tagged ‘story’

Soco to sell off Cabinda stake

by on September 25, 2012 8:20 am BST
Quill has paid a non-refundable deposit for the option to acquire, within 120 days, Soco’s entire 80% shareholding in the company. Quill already holds the remaining 20% interest.“This proposed disposal is consistent with our strategy of re-focusing the asset portfolio on projects where Soco has larger equity interests

FOREX-Wary yen awaits BOJ decision, euro wanes

by on September 18, 2012 10:44 pm BST
Tue Sep 18, 2012 6:44pm EDT * Markets wait to see if BOJ eases monetary policy * Yen stays soft versus greenback* Euro, Aussie continue to retreat from post-Fed highsBy Ian ChuaSYDNEY, Sept 19 (Reuters) - The yen stayed on the backfoot against the dollar on Wednesday as speculation grew the Bank of

Statoil profits up in first quarter

by Forex Rooton May 8, 2012 6:06 am BST
The first quarter result was up 14% on the Nkr 50.8 billion recorded over the same period in 2011.Overall net income was down 4.3% to Nkr 15.4 billion in the first quarter of 2012, from from Nkr 16.1 billion in the same period in 2011 – that period having gained from the 40% Kai Kos

Downstream adjustment hits BP profit

by Forex Rooton May 1, 2012 6:45 am BST
Supermajor BP has recorded a slight fall in its underlying replacement cost profit, which fell $200 million in the first quarter of 2012, compared with the December quarter of 2011.The fall, to $4.8 billion from $5 billion was partially caused by a $541 million consolidation adjustment of unrealised inventory profits in