Lamprell, a provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, has issued its latest Interim Management Statement in accordance with the EU Transparency Directive. This statement covers the period from 1 January 2013 to date. The company has said that the performance in the [...]
Northern Offshore, a Bermuda-registered company providing drilling units to the international oil and gas industry, has reported net income for the three months ended March 31, 2013 of $1.1 million, or $0.01 per diluted share, on revenues of $41.4 million. The company generated $9.8 million of first quarter EBITDA. The positive net cash balance stands at $18 [...]
Deep Sea Supply reports consolidated revenues of MUSD 38.7 in 1Q 2013 compared to MUSD 21.4 in 1Q 2012. Total operating expenses in 1Q 2013 were MUSD 23.3 compared to MUSD 17.7 in 1Q 2012. This resulted in EBITDA of MUSD 16.7 in 1Q 2013, compared to MUSD 4.9 in 1Q 2012. Following financial expenses [...]
Vantage Drilling Company has reported a net loss for the three months ended March 31, 2013 of $24.9 million or ($0.08) per diluted share excluding approximately $98.3 million of charges for the early retirement of debt as compared to a net loss of $1.2 million or ($0.00) per diluted share for the three months ended [...]
Floatel International Ltd (“Floatel”) presents its consolidated financial statements for the first quarter of the financial year 2013. Period highlights: · In January Statoil exercised a five months charter extension under the present contract for Floatel Superior. This charter extension will commence first quarter 2015. Statoil have further options to extend this contract. · In [...]
Apache Corporation reported first-quarter earnings of $698 million, or $1.76 per diluted common share, and adjusted earnings, which exclude certain items that impact the comparability of operating results, of $806 million or $2.02 per share. During the first quarter, worldwide production increased to 781,819 barrels of oil equivalent (boe) per day driven by a 45 [...]
Spanish national oil company Repsol posted net income of 631 million euros in the first quarter of 2013, a rise of 1.6% from the year-earlier period at current cost of supply. Calculated based on MIFO criteria, net income was 634 million euros. The improved results are based on a strong performance from all of the [...]
McDermott International, Inc. reported net income of $20.6 million, or $0.09 per fully diluted share, for the quarter ended March 31, 2013. The results for the first quarter 2013 dropped compared to income from continuing operations of $61.9 million, or $0.25 per fully diluted share, in the corresponding period of 2012. Weighted average common shares [...]
Norwegian oil company Det norske oljeselskap ASA today announced that it had a satisfactory first quarter despite recording a net loss of NOK 20 million. The discovery in licence 502 confirmed that the Johan Sverdrup field extends into this licence. The discovery in licence 457 (Asha) is an extension of the Ivar Aasen field, and [...]
BG Group,a UK-based oil and gas exploration and production company, today reported a drop in its quarterly earnings. The company earned $1,18 billion in 1Q 2013 The company’s earnings fell 3% when compared with the same period last year when it achieved $1,22 bilion. BG’s production levels were down 3% too. BG Group’s Chief Executive, Chris [...]
