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Friday, July 22, 2016

Oceaneering announces second quarter 2016 results

Oceaneering International, Inc. ('Oceaneering') (NYSE: OII) today reported net income of $22.3 million, or $0.23 per share, on revenue of $626 million for the three months ended June 30, 2016. Excluding the impacts of a total of $7.0 million of bad debt expense and fore ...
North America | Friday, July 22, 2016

Contango Oil and Gas to purchase Southern Delaware Basin acreage for up to $25 million

Contango Oil & Gas Company (NYSE MKT:MCF) announced today that it has entered into an agreement with a private oil and gas company to purchase one-half of seller's interests in approximately 12,100 gross undeveloped acres (~5,000 net acres) for up to $25 million in the ...
North America | Friday, July 22, 2016

Oil price, Ithaca Energy, Rockrose Energy, Cairn/Far, Sundry-Providence-Gulfsands- And finally...

Oil price Apparently a fairly quiet day yesterday as the market mulled over the inventory stats, crude was ok coming in with a draw of 2.3m barrels, higher than the 1.3m forecast but it was the build of 911/- in gasoline that started people worrying. Right in the middl ...
West Europe | Friday, July 22, 2016

Husky Energy announces second quarter 2016 results

Husky Energy (TSX: HSE) made steady progress in the quarter against several objectives, including strengthening its balance sheet and further improving the quality of its production. 'This is a milestone moment for the Company, as the elements of the transformation ini ...
North America | Friday, July 22, 2016

Total signs long term agreement to supply LNG to Choguko Electric

Total has signed a binding Heads of Agreement with Chugoku Electric for the direct supply of liquefied natural gas (LNG) for a period of 17 years starting from 2019. Under the agreement, Total will supply Chugoku Electric with up to 0.4 million tons of LNG per year (Mt/ ...
Asia Far East | Friday, July 22, 2016

Schlumberger announces second quarter 2016 results

Schlumberger Limited (NYSE:SLB) today reported results for the second quarter of 2016. Revenue of $7.2 billion increased 10% sequentially Acquisition of Cameron contributed revenue of $1.5 billion EPS: GAAP loss per share of $1.56 Excluding charges and credits, EPS ...
North America | Friday, July 22, 2016

Santos Energy reports second quarter 2016 activities

Key Highlights Record first half production of 31.1 mmboe, up 10% on the prior half-year. Second quarter production of 15.5 mmboe, up 8% on the corresponding quarter. Average realised oil price decreased 29% to US$43 per barrel for the first half. Upstream production co ...
Australasia | Friday, July 22, 2016

ExxonMobil to acquire InterOil in transaction worth over $2.5 billion

Exxon Mobil Corporation (NYSE: XOM) and InterOil Corporation (NYSE: IOC, POMSoX: IOC) today announced an agreed transaction worth more than $2.5 billion, under which ExxonMobil will acquire all of the outstanding shares of InterOil. 'This agreement will enable ExxonMob ...
North America | Friday, July 22, 2016

Magnolia Petroleum releases AGM statement

Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration and production company, is holding its Annual General Meeting ('AGM') later today. At the meeting, CEO Steven Snead will make the following statement: 'Magnolia Petroleum is an oil and gas produc ...
North America | Friday, July 22, 2016

Polarcus announces second quarter 2016 financial report

Polarcus Limited (OSE: PLCS) announces the release of its second quarter 2016 financial statements. HEADLINES Q2 2016: Revenues of USD 67.9 million, up 7% from Q1 2016 Multi-client revenues of USD 26.5 million, prefunding level of 205% Gross cost of sales of USD 55.2 m ...
North America | Friday, July 22, 2016

Thursday, July 21, 2016

Connacher Oil and Gas commences Phase II of sale and investment solicitation process

Connacher Oil and Gas Limited announces that it will be proceeding to Phase II of its sale and investment solicitation process for the Company's business and assets being conducted in conjunction with Connacher's proceedings under the Companies' Creditors Arrangement Ac ...
North America | Thursday, July 21, 2016

Bankers Petroleum provides update on acquisition transaction by Geo-Jade Petroleum

Bankers Petroleum Ltd. (TSX: BNK, AIM: BNK) is pleased to provide an update on the corporate transaction with affiliates of Geo-Jade Petroleum Corporation pursuant to an arrangement agreement dated March 19, 2016. Pursuant to the Arrangement Agreement, Geo-Jade will acq ...
Asia Far East | Thursday, July 21, 2016

Russia arms its energy weapon, targets Belarus over gas prices

Russia finds itself once again in a row with one of its neighbors over gas prices - a constant theme since the early 2000s - triggering renewed fears that Moscow is again using energy as a weapon to put pressure on its customers. Back in the spotlight is Belarus, which ...
Russia FSU | Thursday, July 21, 2016

Encana announces strong second quarter results

Encana's relentless focus on execution excellence during the second quarter has driven another step change in efficiency improvements and returns. As a result, the company has lowered cash costs, such as transportation, processing and operating expenses, and improved ca ...
North America | Thursday, July 21, 2016

OMV Group announces second quarter 2016 trading statement

This trading statement provides basic provisional information on the economic environment as well as OMV's performance for the quarter ended June 30, 2016. The OMV Group Q2/16 results will be published on August 10, 2016. The information contained in this trading statem ...
West Europe | Thursday, July 21, 2016

Chevron to supply 0.5 million metric tons of liquefied natural gas annually for five years

Chevron Corporation (NYSE:CVX) today announced that its wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a Key Terms Agreement with Singapore Carbon Hydrogen Energy Pte. Ltd., a subsidiary of JOVO, for the delivery of liquefied natural gas (LNG) from Chevron's g ...
Asia Far East | Thursday, July 21, 2016
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