Tag: revenue
Seven Generations strong Q3 results with 22% increase in funds
Production of 184 Mboe/d up 26 percent per share, per unit operating and well costs down CALGARY, ALBERTA- Seven Generations’ strong production growth drove funds from operations to $284.3 million or 78 cents per share in the third quarter of 2017, representing a 22 per cent increase in funds from operations per share compared to the […]
OPEC net oil revenues in 2016 were lowest since 2004
Saudi Arabia has consistently earned more oil export revenues than any other OPEC member Members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues in 2016, the lowest since 2004, according to the US Energy Information Administration. In real dollar terms, the 2016 revenue represents a 15 per […]
With low oil prices in 2016, US federal land revenues decline again
More than half a billion dollars was disbursed to 34 federally recognized American Indian tribes In fiscal year (FY) 2016, the US government collected almost $6 billion in revenues from royalties, rental costs, and other fees from activities related to energy production on federal and American Indian lands, according to the Department of Interior’s Office […]
Weatherford releases Q3 results, revenue down 3%
Given that industry bottomed during Q2, worst of historical downturn is behind us, market is slowly turning – Duroc-Danner Weatherford International plc reported a net loss of $1.78 billion, or a net loss of $1.98 per share, and adjusted net loss before charges and credits of $349 million ($0.39 adjusted net loss per share) on revenues of […]
Optimism emerges for battered global mining industry – BDO study
By 2013, tax rate cut nearly in half to 9.8 per cent, by 2015, middle market global mining companies were paying virtually no tax at all BRUSSELS – It’s no surprise that the global mining industry has endured a difficult few years, and for many mining companies, optimism has been in short supply, according to a BDO […]
Islamic State ‘caliphate’ shrinks 12% in 2016, oil revenues down – IHS
“For groups like the Islamic State, the battle for hearts and minds is just as important, if not more important, than the military confrontation” Territory controlled by the Islamic State shrunk by 12 per cent in the first six months of 2016, according to new analysis released by IHS Inc. In 2015, the Islamic State’s […]
Will ambitious Iranian oil policy succeed?
With US primary sanctions still in place, many countries are cautious about buying from Iran or investing in oil production International sanctions have had a strong impact on Iran’s oil revenues, halving crude oil exports to 1.1 million b/d and forcing the NIOC to shut down production at many of its southern fields, according to international […]
Islamic State’s new taxes, fines indicate worsening financial situation – IHS
New fines since Dec. 2015: Not trimming one’s beard, leaving house door open, repairing or installing satellite dishes LONDON- In response to their worsening financial situation, the Islamic State is continuing to increase, taxes and fines throughout its territory and in some cases introducing new ones. New analysis released by international consultancy IHS Inc. reveals new […]
WPX Energy loses $59M in Q1 but optimistic for Permian Basin production
Adjusted net loss from operations in Q1 was $59 million, or a loss of $0.21 per share TULSA, Okla. – WPX Energy says that it is increasing its estimated ultimate recoveries (EURs) for its Delaware Basin wells in the Permian to 900 Mboe, up 34 per cent from its acquisition type curve of 670 Mboe. The company plans […]
Schlumberger suspends services in Venezuela due to insufficient payments
PDVSA maintain they are not having problems paying their bills, and labelled it manipulation by the media LONDON- Schlumberger Limited announced today that it will reduce its activity in Venezuela after it failed to collect payments from the national oil company. In October, Schlumberger was said to be shifting some of its workers from Brazil […]
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