2016 review: A winning year for shale
North American shale development has been a clear winner during 2016 despite the low oil price during the year. Shale operators managed to increase efficiencies during the year, with wells producing larger volumes at lower costs. This has resulted in a very resilient shale oil production in the US, ...
JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting, where the Board approved a revision of the 2016 capital expenditures plan. As previously announced, the Company started construction of a gas treatment unit (GTU) for the Prorva group of fields at JSC "Embamunaigas" ...Polarcus: Q4 and full-year 2016 update
Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) updates its guidance relative to multi-client prefunding estimated for the full year 2016. Based on preliminary numbers, the Company expects to report a prefunding level of 120% for the full year 2016, down from previously guided 150%. The ...Mosman Oil and Gas provides final results for the year ended 30 June 2016
Mosman Oil and Gas Limited (AIM: MSMN) the New Zealand and Australia focussed oil exploration and development company, announces its final results for the year ended 30 June 2016. Mosman recognised early that the fall in oil price would have a serious effect on global markets and adjusted the busi ...Antrim Energy Announces 2016 Third Quarter Results
Antrim Energy Inc. (TSX VENTURE:AEN)(AIM:AEY), today reported its financial results for the three and nine month period ended September 30, 2016. All financial figures are unaudited and in US dollars unless otherwise noted. HIGHLIGHTS Approval at annual and special meeting of shareholders to ...Golar LNG Announces Interim Results for the Period Ended 30 September 2016
Highlights EBITDA and Operating Loss in the quarter reported a loss of $11.3 million and $28.3 million compared to a 2Q loss of $17.5 million and $37.2 million, respectively. Golar LNG Limited ("Golar" or "the Company") and Schlumberger formed OneLNG, a joint venture that will offer an integra ...The 10 largest upstream impairments recorded in U.S. oil & gas in 2016
Impairments and write-downs in the U.S. oil and gas industry were brought right back into focus by ExxonMobil's admission in October 2016 that it might have to write-down the value of some of its E&P assets around the world. ExxonMobil, in what would be a significant change in accounting policy, ...SacOil provides updated trading statement for the six month period ended 31 August 2016
Shareholders are referred to the announcement released on the Johannesburg Stock Exchange News Service (“SENS”) and the Regulatory News Service of the London Stock Exchange (“RNS”) on 18 November 2016 in which the Company advised that earnings per share and headline earnings per share for the six m ...Westmount Energy announces final results for the year ended 30 June 2016
The Company is pleased to announce its Final Results for the year ended 30 June 2016. Notice is hereby given that the Annual General Meeting of Westmount will be held at No 2 The Forum, Grenville Street, St Helier, Jersey JE1 4HH, Channel Islands on 20 December 2016 at 11:00 am. CHAIRMAN'S REVIE ...Relentless Resources announces third quarter 2016 results
Relentless Resources Ltd. (TSX VENTURE:RRL) announces that it has issued its September 30, 2016 unaudited condensed interim financial statements. Relentless averaged 159 boed (59% oil and liquids) in Q3 2016, down 44% from the same period last year. Approximately 75 boed of gas production was shut ...Seadrill announces third quarter 2016 results
Highlights Revenue of $743 million Operating income of $247 million EBITDA of $441 million 95% economic utilization Reported Net Loss of $656 million and diluted loss per share of $1.29, reflecting an $882 million non-cash impairment to investments primarily relating to Seadrill Partners. ...North Atlantic Drilling announces third quarter 2016 drilling results
Highlights for the third quarter Economic Utilization of 98%. Revenues of $136.7 million. Operating income of $28.7 million. EBITDA of $83.7 million. Net loss of $12.8 million and net loss attributable to shareholders of $16.2 million. The loss per share was $0.67. Third quarter 2016 res ...
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