2016


All posts for 2016

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, ...

Julia Weiss


Posted 8 months agoOpinion > 2016ShaleRystad Energy

JSC KazMunaiGas Exploration Production announces Resolutions of the Meeting of the Board of Directors

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" ...

Katie Woodward - OilVoice


Posted 8 months agoPress > KazMunaiGasBoard of Directors2016 +1

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 ...

Katie Woodward - OilVoice


Posted 8 months agoPress > PolarcusQ4162016 +2

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 ...

Katie Woodward - OilVoice


Posted 8 months agoPress > Mosman Oil and GasResults2016

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 ...

Katie Woodward - OilVoice


Posted 8 months agoPress > Antrim Energy2016Q316 +2

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 ...

Katie Woodward - OilVoice


Posted 8 months agoPress > Golar LNG2016Finance +1

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, ...

Mark Young


Posted 8 months agoOpinion > Evaluate EnergyUnited States2016 +2

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 ...

Katie Woodward - OilVoice


Posted 8 months agoPress > SacOilTrading StatementFinance +2

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 ...

Katie Woodward - OilVoice


Posted 8 months agoPress > Westmount Energy2016

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 ...

Katie Woodward - OilVoice


Posted 8 months agoPress > Relentless Resources LtdResultsQ316 +1

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. ...

Katie Woodward - OilVoice


Posted 8 months agoPress > SeadrillResults2016 +1

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 ...

Katie Woodward - OilVoice


Posted 8 months agoPress > North Atlantic Drilling2016Results +1