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Thursday, May 5, 2016

Apache Corporation announces first-quarter 2016 financial and operational results

Apache Corporation (NYSE, Nasdaq: APA) today announced its financial and operational results for the first quarter of 2016. Reported first-quarter production of 531,000 barrels of oil equivalent (Boe) per day and pro forma production of 479,000 Boe per day, which exclud ...
North America | Thursday, May 5, 2016

The Dollar, Yen and Euro Battle: Implications For Crude Oil

STILL don't buy the argument of the role of central bank money in distorting the oil prices, which I made last Friday when I argued that is more of this cheap money that is behind today's oil price rally? Then also consider the role of currencies in all of this. Hedge ...
North America | Thursday, May 5, 2016

Chesapeake Energy reports 2016 first quarter results

Chesapeake Energy Corporation (NYSE: CHK) today reported financial and operational results for the 2016 first quarter. Highlights include: Signed agreement to sell approximately 42,000 net acres prospective for the STACK play in Oklahoma for approximately $470 million; ...
North America | Thursday, May 5, 2016

Brexit: What could it mean for the North Sea's oil? - Fuel for Thought

In less than two months UK citizens will make one of their biggest political decisions in more than 40 years: whether to remain or leave the EU trading bloc they have been part of since 1973. While an exit from the EU could mark a major milestone for the UK economy - t ...
West Europe | Thursday, May 5, 2016

Marquee Energy announces sale of non-core shallow gas asset

Marquee Energy Ltd. (TSX VENTURE: MQL) announces that it has entered into a purchase and sale agreement for the sale of a non-core, shallow gas asset for total cash consideration of $4.5 million, prior to customary closing adjustments. The Transaction is expected to clo ...
North America | Thursday, May 5, 2016

Clayton Williams Energy announces first quarter 2016 results

Clayton Williams Energy, Inc. (NYSE:CWEI) today reported its financial results for the first quarter of 2016. Summary Oil and Gas Production of 13.6 MBOE/d Net Loss of $35.3 million; Adjusted Net Loss (non-GAAP) of $30.7 million Cash Flow from Operations of $0.5 millio ...
North America | Thursday, May 5, 2016

Concho Resources reports first quarter 2016 results

Concho Resources Inc. (NYSE: CXO) today reported financial and operating results for the first quarter of 2016. Highlights Delivered quarterly production of 12.7 million Boe, or 139.5 MBoepd, exceeding the high end of the Company's guidance. Executed a disciplined capi ...
North America | Thursday, May 5, 2016

Williams reports first quarter 2016 financial results

Q 2016 Adjusted EBITDA is $1.056 Billion, up 15% WPZ Fee-Based Revenues up 5%; Represent 93% of Total Gross Margins 1Q Startup of Williams' Second Offgas Processing Plant Advances Unique Position in Canada Williams' Board Unanimously Committed to Enforcing Its Rights U ...
North America | Thursday, May 5, 2016

Bankers Petroleum announces first quarter 2016 results

Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) is pleased to provide its 2016 first quarter financial and operational results. During the first quarter, Bankers achieved a cash margin of US$6.91 per barrel. All amounts listed in this news release are in US dollars unless ...
North America | Thursday, May 5, 2016

Oil price, Amerisur, Hurricane, Wood Group, And finally...

Oil price Just when the fundamentals look like getting the oil price down, another random act puts the mockers on it and up it goes again. Yesterday the EIA announced that inventories had built at a much higher level than expected, +2.8m barrels against the +560/- whis ...
West Europe | Thursday, May 5, 2016

Repsol posts an adjusted net income of 572 million euros

Repsol's business units (Upstream and Downstream) saw improved results driven by measures to increase the company's efficiency and savings. The positive results are especially significant in a context marked by a sharp fall in crude oil and gas prices (Brent by 37% and ...
West Europe | Thursday, May 5, 2016

Parsley Energy announces first quarter 2016 results

First Quarter 2016 Highlights and Recent Developments Net production averaged 29.1 MBoe/d, up 15% versus 4Q15 and 54% year-over-year. Daily oil production increased 20% quarter-over-quarter and 70% year-over-year, with oil volumes representing 65% of total production in ...
North America | Thursday, May 5, 2016

We Cannot Predict But We Can Prepare

Technical analyst Jack Chan says the charts suggest that the major correction in the oil service sector since 2014 is now complete. Our proprietary energy cycle is now at levels of previous tops, with a divergence in place. A divergence occurs when the BP is at lower ...
North America | Thursday, May 5, 2016

Wood Group awarded UKCS contract with Shell

Wood Group has been awarded a three year contract extending its support of Shell's eight UKCS offshore assets. Wood Group PSN (WGPSN) will continue to deliver maintenance and construction services to the Shearwater, Gannet, Nelson, Curlew, Brent Delta, Brent Alpha, Bren ...
West Europe | Thursday, May 5, 2016

AWE sells 42.5% interest in Bulu PSC for up to A$27 million

AWE Limited (ASX: AWE) today announced that it has entered into an agreement to sell its 42.5% interest in the Bulu PSC to a 100% owned subsidiary of HyOil Pte Ltd for cash consideration of up to A$27.5 million, subject to Indonesian government approval. The Bulu PSC is ...
Asia Far East | Thursday, May 5, 2016

Weatherford announces $498 million net loss in the first quarter 2016

Weatherford International plc (NYSE: WFT) reported a net loss before charges and credits of $239 million ($0.29 net loss per share before charges) on revenues of $1.59 billion for the first quarter of 2016. GAAP net loss for the first quarter of 2016 was $498 million, o ...
North America | Thursday, May 5, 2016
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