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Thursday, August 27, 2015

A Brent price as low as 50 USD/BBL is not sustainable beyond 2016

Due to a lack of growth in North American shale production and increased decline in mature fields, a Brent price as low as 50 USD/bbl is not sustainable beyond 2016, shows recent oil market research undertaken by Rystad Energy. Around ten thousand shale wells would nee ...
North America | Thursday, August 27, 2015

Misen Energy second quarter 2015 report highlights

Following is a summary of the financial information given in the Q2 2015 report from Misen Energy AB (publ) published today. Summary of results: During Q2 2015 production picked up due to resumed investment program but the overall production levels of H1 2015 remain st ...
Russia FSU | Thursday, August 27, 2015

North Atlantic Drilling reports second quarter 2015 results

Highlights from the second quarter North Atlantic Drilling generated second quarter 2015 EBITDA of $119.3 million North Atlantic Drilling reports second quarter 2015 net income of $44.2 million and earnings per share of $0.17Subsequent events North Atlantic Drilling sec ...
West Europe | Thursday, August 27, 2015

Quattro Exploration and Production reports second quarter 2015 results

Quattro Exploration and Production Ltd. (TSX-V:QXP) announces the filing of its second quarter 2015 financial statements, reporting net earnings of CDN $0.04 per share. The Company reported the following results for the 3 months ending June 30th, 2015: Revenues $3,46 ...
North America | Thursday, August 27, 2015

Victory Energy announces second quarter 2015 financial results

Victory Energy Corporation, (OTCQX: VYEY) a growth stage, Exploration and Production Company, today announced operating results for the three months ended June 30, 2015. 2015 Second Quarter Highlights Oil and Gas revenues increased 13% from $237,977 to $269,631 for the ...
North America | Thursday, August 27, 2015

Saudi Aramco awards McDermott lump sum contract

McDermott International, Inc. (NYSE:MDR) announced today it has been awarded a lump sum contract by Saudi Aramco for brownfield work in various fields offshore Saudi Arabia. Work on the contract is expected to be executed through the second quarter of 2018. The award f ...
Middle East | Thursday, August 27, 2015


Rosneft and EGAS sign Master LNG Supply and Purchase Agreement

Rosneft Trading SA, a company of Rosneft Group, and the Egyptian Natural Gas Holding Company (EGAS) signed a Master LNG Supply and Purchase Agreement. The document was signed by the Chairman of Rosneft Management Board Igor Sechin and the Chairman of EGAS Eng. Khaled Ab ...
Middle East | Thursday, August 27, 2015

New Zealand Oil & Gas announces results for the year ended 30 June 2015

New Zealand Oil & Gas financial results for the year to 30 June 2015 show increased sales volumes have offset lower oil prices. Revenue for the 2014-15 year was up by $12.6 million, from $103.6 million last year, to $116.2 million. Consolidation of Cue Energy contribut ...
Australasia | Thursday, August 27, 2015

Platts Survey of Analysts Suggests U.S. EIA Data Will Show an Injection to Natural Gas Stocks of 58 to 62 Billion Cubic Feet

The U.S. Energy Information Administration (EIA) on Thursday is expected to report a natural gas storage injection between 58 and 62 billion cubic feet (Bcf) for the week ended August 21, according to a Platts survey of analysts. An injection within expectations would ...
North America | Thursday, August 27, 2015

Malcy's Flash Blog - Results, And finally...

Another flash blog this morning as there are so many results and meetings that I will have to revert after most, herewith a very quick summary with more to follow after meetings. The oil price stayed relatively subdued after the EIA inventory stats all but confirmed th ...
West Europe | Thursday, August 27, 2015

Amec Foster Wheeler reports first half 2015 results

Chief Executive Samir Brikho said: 'In the challenging conditions we find in many of our markets our priorities are clear: to make the most of the integrated Amec Foster Wheeler platform, innovate and adapt to offer customers relevant services and continue to keep a ti ...
West Europe | Thursday, August 27, 2015

Hunting PLC announces interim results for the first half of 2015

Hunting PLC (LSE:HTG), the international energy services group, today announces its interim results for the six months to 30 June 2015. Financial Summary - from continuing operations Revenue $463.6m (H1 2014 - $664.1m) Underlying EBITDA $44.1m (H1 2014 - $120.9m) Under ...
West Europe | Thursday, August 27, 2015

Falcon Oil & Gas announces results for the period ended June 30 2015

Falcon Oil & Gas Ltd. (TSX VENTURE:FO)(AIM:FOG)(ESM:FAC) announces its financial results for the three and six months ended 30 June 2015. Highlights: Operational Commencement of the Australian nine well exploration and appraisal programme, planned from 2015 to 2018, w ...
North America | Thursday, August 27, 2015

Seadrill Limited announces second quarter 2015 results

Highlights EBITDA of US$651 million 93% economic utilization Net income of $423 million and diluted earnings per share of $0.77 The West Tellus and West Carina drillships commenced operations with Petrobras in Brazil on three year contracts Deferred the deliveries of tw ...
South America | Thursday, August 27, 2015

Gulf Keystone Petroleum releases half-year 2015 report

Gulf Keystone, an independent oil and gas exploration and production company and operator of the world class Shaikan field in the Kurdistan Region of Iraq, today announces its results for the six months ended 30 June 2015. Operational highlights Security situation and ...
Middle East | Thursday, August 27, 2015

Lamprell announces interim half-year financial results

1H 2015 Financial Results (USD million, unless stated) 1H 2015 1H 2014 Revenue 351.4 632.3 Gross margin 11.6% 13.6% EBITDA 31.8 66.2 Profit from continuing operations after income tax and after exceptional items 20.3 46.1 Reported diluted earnings/per sha ...
Middle East | Thursday, August 27, 2015
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