The Oil World’s Ongoing Impairments
Either way, this has thrown a spanner in the works of the giant, multi-billion oil and gas projects that were announced over the past two years as the energy world began to wake up from its post-2015 price crash investment hibernation. Further impairments were made in April 2020 when the Q1 finan ...The (New) Force Behind Upstream Asset Buys
In times of crisis, oil and gas company default to two things: staff layoffs and asset sales. Factor in the strengthening climate change argument that is changing the core strategies of energy supermajors, the idea of buying a (potentially distressed) oil or gas asset is now quite unappealing, no ...The State Of The Industry: Q1 2020 Financials
As the Covid-19 slowly but surely eases, the oil and gas industry has released its financial results for Q1 2020. As it were, the Q1 2020 financial results from the five oil supermajors paint a mixed picture. Reducing dividends were a common denominator across the board in the industry, with Nor ...Shell Eclipses ExxonMobil Once Again
Weaker refining margins and lower crude prices were cited as a slight drag on performance, but Shell's acquisition of BG Group is paying dividends as strong natural gas performance contributed to the strong profits. Unlike ExxonMobil and Chevron, Shell has only dipped its toes in the Permian, pre ...Royal Dutch Shell PLC Third Quarter 2018 Euro and GBP Equivalent Dividend Payments
The Hague, December 6, 2018 - The Board of Royal Dutch Shell plc (“RDS”) today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2018 interim dividend, which was announced on November 1, 2018 at US$0.47 per A ordinary share (“A Share”) and B ordinar ...
PJSC Gazprom has issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the nine months ended September 30, 2018. The table below presents the unaudited consolidated interim ...TMK Announces 3Q and 9M 2018 IFRS Results
PAO TMK (“TMK” or “the Group”), one of the world's leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for the third quarter of 2018 and nine months ended September 30, 2018. 3Q and 9M 2018 Highlights Financial ...Gazprom Neft Consolidated Financial Accounts (IFRS) for 9M/3Q 2018
RUB298.7 billion – Gazprom Neft's net profit for 9M 2018, a 58-percentincrease on 9M 2017; RUB614.5 billion adjusted EBITDA* for the first nine months of 2018 – up 53.9 percent on 9M 2017; Free cash flow (FCF) for 9M 2018, standing at RUB134.8 billion, a 62.4- percent increase year-on-year. ...Touchstone Exploration Third Quarter Results
Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX / LSE: TXP) announces its financial and operating results for the three and nine months ended September 30, 2018. Selected financial and operational information is outlined below and should be read in conjunction with Touchstone's Sep ...
Net Profit Substantially Increased by 1,348.3% to HK$39.1 million Zhonghua Gas Holdings Limited (the "Company"; Stock Code: 8246) together with its subsidiaries (collective namely the "Group") has announced the third quarter results for the nine months ended 30 September 2018 ("the Current Period") ...
Sanchez Midstream Partners LP (NYSE American: SNMP) (“SNMP” or the “Partnership”) has reported third quarter 2018 results. Highlights include: Net income of $0.4 million for third quarter 2018, which compares to a net loss of $1.8 million for second quarter 2018 and net income of $3.8 million f ...BNK Petroleum Inc. Announces Third Quarter 2018 Results With Positive Net Income
All amounts are in U.S. Dollars unless otherwise indicated: TSX ticker symbol; BKX OTCQX ticker symbol; BNKPF CAMARILLO, California, Nov. 9, 2018 /PRNewswire/ - THIRD QUARTER HIGHLIGHTS Average production for the third quarter of 2018 increased by 40% to 1,534 BOEPD, compared to third quarter ...Africa Energy Reports Third Quarter 2018 Results
Africa Energy Corp. (TSX Venture: AFE) (Nasdaq First North: AEC) ("Africa Energy" or the "Company"), an oil and gas company with exploration assets offshore Namibia and South Africa, announces financial and operating results for the three and nine months ended September 30, 2018. View PDF Versio ...Plexus Holdings plc Announces its Preliminary Results for the Year Ending 30 June 2018
Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, announces its preliminary results for the year ending 30 June 2018. Financial Results Following the completion on 1 February 2018 of the sale of P ...Subsea 7 S.A. Announces Third Quarter 2018 Results
Subsea 7 S.A. (the Group) (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355) announced today results for the third quarter which ended 30 September 2018. Third Quarter highlights Adjusted EBITDA of $217 million and margin of 20% reflected higher vessel utilisation related to project activit ...
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