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2016-01-28 19:20:00

U.S. LOSERS: $14 BLN

U.S. LOSERS: $14 BLN

During the next eight days, independent U.S. oil explorers are expected to report 2015 losses totaling almost $14 billion, the result of the steepest price collapse in a generation.

Hess Corp. kicks off earnings season for the companies on Wednesday with what analysts predict will be an annual loss of $1.6 billion, its worst performance in at least 28 years. It will be followed by peers including Murphy Oil Corp. and Anadarko Petroleum Corp., which also have been squeezed by a crude drop of more than 70 percent since June 2014.

"It's not going to be pretty," said Carl Larry, head of oil and gas for Frost & Sullivan…

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Tags: USA, OIL, PRICES, EXPLORERS
Chronicle:
U.S. LOSERS: $14 BLN
2020, February, 24, 10:23:00
SAIPEC EXIBITION, CONFERENCE 25-27 FEB 2020
WELCOME TO THE 4TH SUB SAHARAN AFRICA INTERNATIONAL PETROLEUM EXHIBITION AND CONFERENCE - OIL AND GAS AS AN ENABLER FOR ECONOMIC TRANSFORMATION IN SUB-SAHARAN AFRICA
U.S. LOSERS: $14 BLN
2020, February, 24, 10:20:00
ARGENTINA'S RENEWABLE UP BY 86%
Renewable power production in Argentina jumped by 85.9% year-on-year to 956 GWh in January
U.S. LOSERS: $14 BLN
2020, February, 24, 10:15:00
BRAZIL'S SOLAR POWER UP BY 19%
Brazil's solar power output in the first 15 days of the month went up to 587 average megawatts (MWa) from 495 MWa a year ago for a 18.6% increase.
U.S. LOSERS: $14 BLN
2020, February, 24, 10:10:00
SAUDI'S ECONOMY GROWTH
“GDP growth in Saudi Arabia is projected to see an upturn in 2020,” said Kholifey. “Monetary, fiscal and structural policies in my country are all geared towards an expansion of the private non-oil sector GDP over the medium term,” he said.
U.S. LOSERS: $14 BLN
2020, February, 24, 10:05:00
COLOMBIA'S GDP UP 3.3%
Despite slower regional and global growth, real GDP grew 3.3 percent in 2019 and is forecast to grow by 3.4 in 2020 led by internal demand. Sustained immigration, remittances, and accommodative monetary and credit conditions are expected to continue supporting private domestic demand, including rising investment. Notwithstanding growth resilience, the labor market remained weak in 2019.
U.S. LOSERS: $14 BLN
2020, February, 24, 10:00:00
URUGUAY'S GDP GROWTH 2.1-2.5%
URUGUAY'S GDP growth is expected to rebound from an estimated 0.5 percent in 2019 to 2.1 percent in 2020 and 2.5 percent in 2021
U.S. LOSERS: $14 BLN
2020, February, 24, 09:55:00
U.S. RIGS UP 1 TO 791
U.S. Rig Count is up 1 rig from last week to 791, Canada Rig Count is down 11 rigs from last week to 244
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