Lower prices for Iran’s oil mean better margins for refiners, competition for Russia Refineries across Europe are anticipating the return of Iranian crude oil to their operations, and the potentially higher margins as added crude pushes prices down further. Approximately 27.5% of Iran’s crude exports were to Europe in 2011, and refiners are excited to see the crude return, according
EnerCom, Inc. compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 224 E&P and OilService companies in our database. Click here for the full chart of estimates. The median OilServices company earnings estimate for the quarter ending June 30, 2015, is $0.00 per share compared to actual earnings per share of $0.03 and
April 2015 marks the first time ever that natural gas generated more electricity than coal The Energy Information Administration’s (EIA) Electric Power Monthly for April 2015, showed natural gas overtaking coal as the primary source of electrical power generation in the United States. April marks the first time ever that natural gas has powered more electrical generation than coal. According
On July 15, 2015, Penn Virginia (ticker: PVA) announced the sale of its East Texas assets to an undisclosed buyer for gross proceeds of $75 million. The sale is expected to close by August 2015 and includes approximately 33,400 net acres in the Cotton Valley and Haynesville Shale with average Q2’15 production of 1,870 BOEPD (76% gas). The acreage includes
Revenue of $9.0 billion decreased 12% sequentially EPS of $0.88 declined 17% sequentially, excluding charges and credits Free cash flow of $1.5 billion represented 132% of earnings Sequential decremental operating margin was 23% 5.8 million shares repurchased for $520 million during the quarter Schlumberger Limited (SLB) today reported results for the second quarter of 2015. (Stated in millions, except per
ConocoPhillips (NYSE: COP) today announced an increase in its quarterly dividend from $0.73 per share to $0.74 per share, payable on Sept. 1, 2015 to stockholders of record at the close of business on July 27, 2015. “A compelling dividend is a key aspect of our value proposition to shareholders,” commented Ryan Lance, chairman and CEO. “While this increase is
From entertainment to cell phones to oil and gas, companies are scrambling to revamp business strategies to align with changing market conditions With oil prices half of what they were a year ago, energy CFOs on six continents are in overdrive sharpening their pencils, but forced adaptation to long term market changes is happening across all sectors. What’s on TV? In the
Midstates Petroleum Company, Inc. (NYSE: MPO) (“Midstates” or the “Company”) announced today a 1-for-10 reverse stock split of the Company’s common stock. The 1-for-10 reverse stock split will be effective as of the close of business on August 3, 2015 and the Company’s stock will begin trading on a split-adjusted basis on August 4, 2015. Midstates’ stock will continue to
Xtreme Drilling and Coil Services (“Xtreme”, the “Company”) (XDC.TO) is pleased to provide a second quarter operations update along with an announcement of the date for the second quarter 2015 earnings release and conference call as well as recent officer promotions. Second Quarter Update For the second quarter of 2015, Xtreme had total operating days of 1,451 which resulted in
Energy Transfer Partners Moves Susser Holdings to Sunoco LP Energy Transfer Partners (ticker: ETP) announced that it plans a 100% dropdown of Susser Holdings Corp. (SHC) for approximately $1.94 billion to its subsidiary Sunoco LP (ticker: SUN). In addition, there will be an exchange for 11 million SUN units owned by SHC for another 11 million new Sun units to
American Majors Avoid Shallow Water Round Mexico offered its first auction for oil and gas rights in 77 years today. It presented a total of 14 blocks in the shallow Gulf of Mexico. A handful of bids were received but only two blocks were sold, a result of some bids not measuring up to requirements from Mexico’s Energy Ministry. Only
TransCanada to Issue Second Quarter 2015 Financial Results July 31 TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) will hold a teleconference and webcast on Friday, July 31, 2015 to discuss its second quarter 2015 financial results. Russ Girling, TransCanada president and chief executive officer, Don Marchand, executive vice-president and chief financial officer and members of the executive leadership team will discuss TransCanada’s
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
