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2016-03-25 19:05:00

KCA DEUTAG LOSS $144.4 MLN

KCA DEUTAG LOSS $144.4 MLN

KCA Deutag Alpha Limited

Chairman's Statement

This has been an extremely challenging year for the oil and gas industry following the significant and prolonged falls in energy prices which started in mid- 2014. As a result of this, the industry has experienced significant reductions in new capital expenditure as well as pressures to reduce operating expenditure as projects have become marginal or even loss making as prices have declined.

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Tags: KCA DEUTAG, DRILLING, OIL, GAS

Chronicle:

KCA DEUTAG LOSS $144.4 MLN
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

KCA DEUTAG LOSS $144.4 MLN
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

KCA DEUTAG LOSS $144.4 MLN
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

KCA DEUTAG LOSS $144.4 MLN
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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