Search found 320 matches

by escveritas
Sat Jul 04, 2020 2:57 am
Forum: Decom & Abandonment
Topic: Krisenergy suspends Wassana oil field due to oil price
Replies: 0
Views: 1

Krisenergy suspends Wassana oil field due to oil price

Singapore, 3 June 2020 – KrisEnergy Ltd. (“KrisEnergy” or the “Company”, and together with its subsidiaries, the “Group”), an independent upstream oil and gas company, refers to an operational update announcement dated 6 May 2020 in respect to a review of the operations at the Wassana field. In view...
by escveritas
Sat Jul 04, 2020 2:55 am
Forum: Decom & Abandonment
Topic: EnQuest Alma/Galia field demob
Replies: 0
Views: 5

EnQuest Alma/Galia field demob

EnQuest achieves Cessation of Production on Alma /Galia fields EnQuest PLC has today achieved Cessation of Production on the company’s Alma and Galia fields in the Central North Sea, as scheduled. EnQuest has operated the fields, which produced through nine wells tied back to the EnQuest Producer F...
by escveritas
Thu Jul 02, 2020 9:55 am
Forum: Oil and Gas News
Topic: Occidental Announces 1st Quarter 2020 Results
Replies: 0
Views: 10

Occidental Announces 1st Quarter 2020 Results

HOUSTON – May 5, 2020 – Occidental Petroleum Corporation (NYSE:OXY) today announced a net loss attributable to common stockholders for the first quarter of 2020 of $2.2 billion, or $2.49 per diluted share, and an adjusted loss attributable to common stockholders of $467 million, or $0.52 per diluted...
by escveritas
Wed Jul 01, 2020 2:20 pm
Forum: Oil and Gas News
Topic: ExxonMobil reports results for first quarter 2020
Replies: 1
Views: 22

Re: ExxonMobil reports results for first quarter 2020

First Quarter 2020 Business Highlights Upstream Crude prices weakened significantly during the quarter, reflecting an unprecedented combination of oversupply and the impacts of COVID-19 on global demand. Natural gas prices were lower compared to the fourth quarter, reflecting reduced demand due to ...
by escveritas
Wed Jul 01, 2020 2:18 pm
Forum: Oil and Gas News
Topic: ExxonMobil reports results for first quarter 2020
Replies: 1
Views: 22

ExxonMobil reports results for first quarter 2020

IRVING, Texas – May 1, 2020 – Exxon Mobil Corporation today announced an estimated first quarter 2020 loss of $610 million, or $0.14 per share assuming dilution, compared with earnings of $2.4 billion a year earlier. Results included a $2.9 billion charge from identified items, or $0.67 per share as...
by escveritas
Tue Jun 30, 2020 8:06 am
Forum: Oil and Gas News
Topic: Shell second quarter 2020 update note
Replies: 0
Views: 15

Shell second quarter 2020 update note

This is an update to the second quarter 2020 outlook provided in the first quarter results announcement on April 30, 2020. The impacts presented here may vary from the actual results and are subject to finalisation of the second quarter 2020 results. Unless otherwise indicated, presented post-tax ea...
by escveritas
Tue Jun 30, 2020 1:53 am
Forum: Oil and Gas News
Topic: CHESAPEAKE ENERGY CORPORATION COMMENCES VOLUNTARY CHAPTER 11 PROCESS
Replies: 0
Views: 16

CHESAPEAKE ENERGY CORPORATION COMMENCES VOLUNTARY CHAPTER 11 PROCESS

Restructuring Process Designed to Align Balance Sheet and Capital Structure with Strong Operating Platform and Diverse Asset Portfolio Will Continue to Operate in the Ordinary Course throughout Restructuring Process Obtains Commitments for $925 Million in DIP Financing to Support Operations; Seeks ...
by escveritas
Mon Jun 29, 2020 1:58 pm
Forum: Petrochemicals & Refining
Topic: BP Exits Petrochemical Business in $5 Billion Deal
Replies: 0
Views: 14

BP Exits Petrochemical Business in $5 Billion Deal

(WSJ) Energy giant BP PLC has agreed to sell its petrochemicals business to British chemicals company Ineos Ltd., in a $5 billion deal that will help reshape its business for the global transition to lower-carbon energy, the company said on Monday. The deal could help BP pare its relatively high deb...
by escveritas
Thu Jun 25, 2020 9:33 am
Forum: Shipping Industry
Topic: Mitsui OSK Lines to trim shipping fleets
Replies: 0
Views: 20

Mitsui OSK Lines to trim shipping fleets

Mitsui OSK Lines, Japan’s largest shipowner, is cutting its fleet by 5% over the next three years on expectations of a deep decline in trade volumes as a result of the pandemic. The cuts will involve 40 vessels, including container ships, dry-bulk carriers, tankers and car carriers. MOL operates 800...
by escveritas
Thu Jun 25, 2020 7:01 am
Forum: Stena Drilling
Topic: Stena Forth (Jan - Feb 2020) for Karoon Energy
Replies: 1
Views: 28

Re: Stena Forth (Jan - Feb 2020) for Karoon Energy

“Stena Forth” Drillship contracted for Karoon’s Marina-1 Exploration well in Peru Karoon Energy Ltd (“Karoon”) is pleased to announce that it has executed binding agreements with Stena Drilling Ltd (“Stena”) and Tullow Oil Limited (“Tullow”) to contract the “Stena Forth” Dynamically Positioned Dril...

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