Oil company, W&T Offshore Announces First Quarter 2022 Results
Oil company highlights Firstly, the company raise average daily production by 2% to 37.8 thousand barrels of oil equivalent per day. Secondly, it reported a net loss...
Tag : Oil production
Oil States International, Inc. reported a net loss of $9.4 million for the 1Q 2022
General results for Oil States Firstly, the oil Company generated revenues of $164.0 million and Consolidated EBITDA of $14.5 million. Secondly, these results compare to revenues...
VAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2021 Results and Provides 2022 Guidance
VAALCO Energy, Inc. shared the report they made for the fourth quarter and the entire year of 2021. The results showed an income of USD$34.4...
Oil prices recover 3% as Omicron fears fade away
Oil prices recovered around 3% this Monday as fears of the Omicron variant causing severe demand disruption in the market are fading away. According to...
Suncor Energy to ramp up production expects 5% more oil in 2022
Suncor Energy, Canada’s leading integrated energy company, announced this Monday its capital expenditures program for 2022, which establishes an expected increase of 5% in its...
OPEC sticks to output increase plan; US eases pressure
OPEC, the Organization of Petroleum Exporting Countries, announced this Thursday it would stick to its plan of raising output by 400,000 barrels in January. As...
Oil prices remain tight on supply worries; Covid-19 striking Europe again
Oil prices remained tight this Tuesday, supported by greater demand globally. However, rising Covid-19 cases in Europe and a forecast of more oil production to...
ConocoPhillips posts profits and targets more production for 4Q
ConocoPhillips, the US oil major, announced this Tuesday during a conference call that it posted strong financial performance during 3Q. The company expects to increase...
Chevron reaches highest cash flow in history as profits surge
Chevron Corporation posted Friday its financial results for the third quarter of the year. The company reached the highest cash flow values in its history...