All publications by tag «NORWAY»
2017, August, 24, 13:45:00
NORWAY'S PETROLEUM PRODUCTION UP TO 93 TBD
Preliminary production figures for July 2017 show an average daily production of 2 000 000 barrels of oil, NGL and condensate, which is an increase of 93 000 barrels per day compared to June.
2017, July, 14, 09:30:00
NORWAY'S PRODUCTION DOWN 116 TBD
Preliminary production figures for June 2017 show an average daily production of 1 884 000 barrels of oil, NGL and condensate, which is a decrease of 116 000 barrels per day compared to May.
2017, June, 21, 20:30:00
NORWAY'S OIL PRODUCTION DOWN 128 TBD
Preliminary production figures for May 2017 show an average daily production of 1 980 000 barrels of oil, NGL and condensate, which is a decrease of 128 000 barrels per day compared to April.
2017, June, 20, 14:10:00
HUGE NORWEGIAN OIL & GAS
“We have been producing oil and gas in Norway for nearly 50 years and we are still not halfway done. Vast volumes of oil and gas have been discovered on the Norwegian shelf that are still waiting to be produced. We want companies with the ability and willingness to utilise new knowledge and advanced technology. This will yield profitable production for many decades in the future,” says Ingrid Sølvberg, Director of development and operations in the Norwegian Petroleum Directorate.
2017, May, 19, 12:30:00
NORWAY'S PRODUCTION DOWN 38 TBD
Preliminary production figures for April 2017 show an average daily production of 2 111 000 barrels of oil, NGL and condensate, which is an decrease of 38 000 barrels per day (approx. 2 percent) compared to March.
2017, March, 21, 18:40:00
NORWAY'S OIL PRODUCTION DOWN 25,000
Preliminary production figures for February 2017 show an average daily production of 2 010 000 barrels of oil, NGL and condensate, which is a decrease of 25 000 barrels per day (approx. 1 percent) compared to January.
2017, March, 7, 18:40:00
NORWAY IS BETTER
The Norwegian economy is slowly picking up after a two-year slowdown in its top industry, oil production, due to a halving of crude prices since mid-2014. In recent months, crude prices have risen and stabilised at around $55 per barrel.
2017, February, 28, 18:40:00
SEADRILL NET INCOME $127 MLN
Highlights
• Revenue of $667 million
• Operating income of $118 million
• EBITDA of $354 million
• 99% economic utilization
• Reported net income of $127 million and diluted net income per share of $0.26
• Underlying net income, excluding non-recurring items and non-cash mark to market movements on derivatives, was $111 million and earnings per share was $0.24
• Cash and cash equivalents of $1.4 billion
• Seadrill Limited order backlog of approximately $2.5 billion
2017, February, 22, 19:00:00
NORWAY'S PRODUCTION DOWN 42 TBD
Preliminary production figures for January 2017 show an average daily production of about 2 024 000 barrels of oil, NGL and condensate.
This is 42 000 barrels per day (about 2 percent) less than December 2016.
2017, January, 31, 18:30:00
SEADRILL RESTRUCTURING UPDATE
Over the past year we have had substantial dialogue with our secured lenders to amend and extend c.USD8 billion in first lien secured debt. During the second half of last year, we began to engage with potential new money investors, including Hemen Holdings Ltd. In December 2016, we formally engaged with an ad hoc committee of bondholders, and agreed that by January 31 2017 we would release through a 6k filing agreed material non-public information disclosed to the ad hoc committee of bondholders, including the Company's latest restructuring proposal and the last proposal that the Company has received from the ad hoc committee.