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Epsilon Energy reports third quarter 2016 results

Epsilon Energy Ltd. (TSX:EPS) today reported third quarter 2016 financial and operating results. Mr. Michael Raleigh, Chief Executive Officer, commented: 'We continue to be somewhat encouraged by the current environment for natural gas. Despite starting the natural ga ...
North America | Friday, October 28, 2016

Canadian Spirit Resources announces review of strategic alternatives

Canadian Spirit Resources Inc. (TSX VENTURE:SPI)(OTCBB:CSPUF) has initiated a process to review strategic alternatives with a view to maximizing the value of the Company's Montney resource base at Farrell Creek and Altares. This may include, among other alternatives, th ...
North America | Friday, October 28, 2016

Cabot Oil & Gas announces third quarter 2016 results

Cabot Oil & Gas Corporation (NYSE: COG) today reported financial and operating results for the third quarter of 2016. Highlights for the quarter include: Equivalent production growth of six percent relative to the prior-year comparable quarter, driven by a nine percent ...
North America | Friday, October 28, 2016

Oil States International announces third quarter 2016 results

Oil States International, Inc. (NYSE:OIS) reported a net loss for the third quarter ended September 30, 2016 of $10.8 million, or $0.22 per diluted share, which included pre-tax charges of $2.0 million ($1.3 million after-tax, or $0.03 per diluted share) for severance a ...
North America | Friday, October 28, 2016

Chevron reports £1.3 billion net income in third quarter 2016

Chevron Corporation (NYSE: CVX) today reported earnings of $1.3 billion ($0.68 per share - diluted) for third quarter 2016, compared with earnings of $2.0 billion ($1.09 per share - diluted) in the third quarter of 2015. Foreign currency effects increased earnings in th ...
North America | Friday, October 28, 2016

ExxonMobil earns $2.7 billion in third quarter of 2016

Exxon Mobil Corporation (NYSE:XOM) today announced estimated third quarter 2016 earnings of $2.7 billion, or $0.63 per diluted share, compared with $4.2 billion a year earlier. Results reflect lower refining margins and commodity prices. 'ExxonMobil's integrated busine ...
North America | Friday, October 28, 2016

Oil price, Amerisur, Hurricane, Tullow, IGas, Catch up/Sundry-Statoil-Hunting- Amec FW-IOG-Xcite-And finally...

Oil price The Opec 'machine' went back into action yesterday in a number of ways. Firstly, 'sources' revealed that the reduction in peak output would be 4%, to my maths this is about the very minimum that they could get away with. Then it became known that Opec were pr ...
West Europe | Friday, October 28, 2016

Mayan Energy completes placing to raise funds to invest into four re-entry wells at Shoats Creek

Mayan Energy Ltd (AIM: MYN), the AIM listed oil and gas company, is pleased to announce that it has completed a placing of 7,246,376,812 new ordinary shares of no par value each in the capital of the Company at a placing price of 0.01725 pence per Ordinary Share to rais ...
North America | Friday, October 28, 2016

Olisol Investment in Tethys Petroleum falls through, both companies reserving legal rights

Tethys Petroleum Limited (TSX:TPL)(LSE:TPL) today announces that the previously announced C$9.8 million private placement with Olisol Investments Limited and Olisol Petroleum Limited (together 'Olisol') has not closed by the October 27, 2016 outside date under the Amend ...
West Europe | Friday, October 28, 2016

Independent Oil and Gas completes acquisition of Oyster Petroleum

Independent Oil and Gas plc, the development and production focused Oil and Gas Company, is pleased to announce that it has completed the acquisition of 100% of the shares of Oyster Petroleum Limited a subsidiary of Verus Petroleum Holding Limited. Oyster holds the Sout ...
West Europe | Friday, October 28, 2016

Tullow Oil announces RBL redetermination and financing update

Tullow Oil plc is pleased to announce the successful completion of the six-monthly redetermination of its Reserve Based Lend (RBL) facility. The debt capacity generated by the asset base remains in excess of commitments and, following the scheduled amortisation at the b ...
West Europe | Friday, October 28, 2016

Tlou Energy announces third quarter 2016 operations report

Tlou achieved Botswana's first independently certified CBM gas reserves 50MW Power Project Approved Co-operation Agreement renewed with General Electric and IK Holdings Environmental Impact Statement Approved Tlou completed oversubscribed equity placementLesedi CBM Pro ...
Africa | Friday, October 28, 2016

Thursday, October 27, 2016

Half of cost reductions in offshore developments attributed to downsizing, simplification and design

Offshore developments have benefitted significantly from lower breakeven prices over the last two years, with more than half of the cost reductions achieved through downsizing, simplification and design, latest Rystad Energy analysis shows. Less in-built flexibility an ...
North America | Thursday, October 27, 2016

Whiting Petroleum announces third quarter 2016 results

Q3 2016 Net Cash Provided by Operating Activities of $151 Million Exceeds Capex by $66 Million Q3 2016 Average Production of 119,890 BOE/d at High End of Guidance Q3 2016 LOE Below Low End of Guidance at $7.98 per BOE Williston Basin 5+ Million Pound Completions Contin ...
North America | Thursday, October 27, 2016

National Oilwell Varco reports third quarter 2016 results

National Oilwell Varco, Inc. (NYSE: NOV) today reported a third quarter 2016 net loss of $1.36 billion, or $3.62 per share. Excluding other items, net loss for the quarter was $128 million, or $0.34 per share. Other items totaled $1.09 billion, pretax, consisting of a $ ...
North America | Thursday, October 27, 2016

Technip announces third quarter 2016 results

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY): THIRD QUARTER 2016: STRONG FINANCIALS Net Income up 12.4% versus 3Q 15 to €184 million Adjusted Operating Margin1 at c.10%, up 0.4% versus 3Q 15 Adjusted net cash resilient at €1.8 billion Order intake at & ...
West Europe | Thursday, October 27, 2016
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