Tag: Loss
New report examines costs to US industrial sector of Obama’s Paris pledge
Hardest hit sectors would be iron and steel WASHINGTON, DC – Meeting the commitments President Obama made as part of the Paris climate accord could cost the US economy $3 trillion and 6.5 million industrial sector jobs by 2040, according to a comprehensive new study prepared by NERA Economic Consulting. The study was commissioned by […]
Democratic senator says “Keep It In The Ground” extremists to blame for election losses
Both US and Canadian politicians understand communities rely on natural resources to create jobs and income By Lily Emamian, EnergyInDepth Earlier this week, U.S. Sen. Heidi Heitkamp (D-N.D.) blamed the “Keep It In The Ground” (KIITG) movement for Democrats’ devastating losses in the November election. When asked by CNBC “Squawk Box” co-host Joe Kernan if […]
Islamic State caliphate shrinks 16% in 2016 – IHS Markit
Islamic State’s supply of foreign fighters dries up as key territory lost LONDON – Territory controlled by the Islamic State shrunk by 16 percent in the first nine months of 2016, according to new analysis released today by IHS Markit. In 2015, the Islamic State’s caliphate shrunk from 90,800 km2 to 78,000 km2, a net loss […]
Midland-based Clayton Williams Energy loses $35.3M loss in Q1
MIDLAND, Texas- Clayton Williams Energy, Inc. recorded another losing quarter, a Q1 a net loss of $35.3 million, or $2.90 per share, as compared to a net loss of $18.2 million, or $1.50 per share, for Q4 2015. Adjusted net loss (non-GAAP) for 1Q16 was $30.7 million, or $2.53 per share, as compared to adjusted net loss1 (non-GAAP) of […]
Houston-based Vertex Energy reduces debt, slows net loss in 2015 financial report
“We believe that the industry in 2016 will continue to feel the pressures that made 2015 difficult.” – Vertex CEO Cowart Vertex Energy, Inc., an environmental services company that recycles industrial waste streams and off-specification commercial chemical products, announced today its financial results for the three and twelve months ended Dec. 31, 2015. “We continue […]
Helix Energy: Q4 $403 million loss due to reduced offshore drilling
Helix Energy’s well intervention vessel utilization in Q4 2015 decreased to 47% from 60% in Q3 2015 Helix Energy Solutions Group, Inc. reported a net loss of $403.9 million, or $(3.83) per diluted share, for Q4 2015 compared to net income of $8. million, or $0.08 per diluted share, for the same period in 2014 and net income of $9.9 […]
Pioneer Natural Resources reports $623 million Q4 loss
Pioneer Natural Resources expects to place approximately 230 horizontal wells producing in Spraberry/Wolfcamp during 2016 Pioneer Natural Resources Company today reported financial and operating results for the quarter ended December 31, 2015, and announced the Company’s capital program for 2016. “The performance from our Spraberry/Wolfcamp horizontal drilling program continues to be outstanding,” said Scott D. Sheffield, chairman and […]
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