Brent Crude | Jotup

Golar LNG Limited Interim results for the period ended March 31, 2023

Retrieved on:

Tuesday, May 30, 2023

TTF, Interest, Share repurchase, Bank statement, MKII, VIE, GAAP, FLNG, Brent Crude, Acquisition, Engineering, Natural gas, COD, Growth, Airline, Security (finance), Bank, NFE, Golar LNG, Hilli

A Q1 2023 realized gain of $18 million was also recognized in respect of fees for the TTF linked production.

Key Points:

A Q1 2023 realized gain of $18 million was also recognized in respect of fees for the TTF linked production.
Collectively a $57 million Q1 2023 realized gain on oil and gas derivative instruments was recognized as a result.
During Q1 2023, Golar repurchased $4 million of the $300 million Unsecured Bonds, reducing the outstanding balance to $155 million as of March 31, 2023.
The reconciliations as at March 31, 2023, from these results should be carefully evaluated.

Interim results for the period ended September 30, 2022

Retrieved on:

Wednesday, November 16, 2022

Share repurchase, Adjustment, Snam, Annual, Maintenance, TTF, VIE, Sale, Brent Crude, Credit management, Credit, GAAP, Natural gas, Security (finance), Bank, Q3, Golar LNG, NFE, LNG, Q2

Collectively a $57.0 million Q3 realized gain on oil and gas derivative instruments was recognized as a result.

Key Points:

Collectively a $57.0 million Q3 realized gain on oil and gas derivative instruments was recognized as a result.
A $30.7 million unrealized gain in respect of the hedged portion of Q3 2022 TTF linked FLNG Hilli production was also recognized during the quarter.
This is expected to result in a Q4 2022 realized mark-to-market gain on listed equity securities of approximately $56.7 million.
If the value of remaining listed securities held as of November 15, 2022 is taken into consideration Golar has net cash of around $451.5 million.

Golar LNG Limited preliminary fourth quarter and financial year 2021 results

Retrieved on:

Thursday, February 24, 2022

Total overproduction revenues for 2021 amount to $3.2 million and Golar received payment for this in Q1 2022.

Key Points:

Total overproduction revenues for 2021 amount to $3.2 million and Golar received payment for this in Q1 2022.
Indicative proforma results of the shipping segment, as at December 31, 2021 without the 8 TFDE1 LNG carriers is outlined in Appendix B.
interest)
(3) Based on values as of December 31, 2021 for NFE and Avenir and Golar 31% share of CoolCo at formation.
These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP.

Interim Results for the Period Ended September 30, 2021

Retrieved on:

Tuesday, November 9, 2021

The quarter began with quoted TFDE1 carrier headline spot rates at around $68,000 per day and ended with rates at around $71,000 per day.

Key Points:

The quarter began with quoted TFDE1 carrier headline spot rates at around $68,000 per day and ended with rates at around $71,000 per day.
Full fleet TCE1 earnings increased from $43,700 in Q2 to $49,500 in Q3 2021.
The spot price for Brent oil increased from $75.13 per barrel on June 30, 2021 to $78.52 on September 30, 2021.
Netted against this was $1.9 million of dividend income from NFE following its dividend declaration on August 4, 2021.

Yoga Mat Global Market Report 2021 - ResearchAndMarkets.com

Retrieved on:

Thursday, September 9, 2021

Specialty, Retail

The "Yoga Mat Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Yoga Mat Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
The yoga mat market consists of sales of yoga mats by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing and selling yoga mats.
The high oil prices increased cost of manufacturing for yoga mats and thus acted as a restraint for the yoga mat market.
The increasing popularity of yoga is expected to drive the growth of the yoga mat market in the forecast period.

EQS-News: Terraoil business interview with the executive leadership team following the COVID-19 pandemic

Retrieved on:

Thursday, April 8, 2021

Brent Crude, Brent

Zug, Switzerland, April 8, 2021 - Terraoil Swiss AG provides business update via a Zoom-recorded interview.

Key Points:

Zug, Switzerland, April 8, 2021 - Terraoil Swiss AG provides business update via a Zoom-recorded interview.
The executive leadership team of Terraoil provides several insights and updates on both, the company's challenges and progress following the Coronavirus outbreak and the full interview can be accessed by following this link .
In this interview, Chief Executive Officer, Peter Krempin, explains the attractiveness and potential of Albania's onshore reserves and shares his views on the oil and energy sector following the unprecedented price decline in Brent crude oil and why the pandemic provides interesting opportunities for investors.
Bayne Assmus, Terraoil's Chief Operating Officer, provides an update on the operations of the Visoka oilfield and future goals.

S&P Global Platts to reflect WTI Midland in Dated Brent

Retrieved on:

Monday, February 22, 2021

Service companies, Marketing, Pricing, Economy, S&P Global Platts, Benchmark, S&P Global, Commodity price indices, West Texas Intermediate, Brent Crude

LONDON, Feb. 22, 2021 /PRNewswire/ --S&P Global Platts ("Platts"), the leading independent provider of information and benchmark prices for the commodities and energy markets, announced that it will reflect WTI Midland in Dated Brent and its related components, and that the benchmark complex will be amended to a delivered Rotterdam basis.

Key Points:

LONDON, Feb. 22, 2021 /PRNewswire/ --S&P Global Platts ("Platts"), the leading independent provider of information and benchmark prices for the commodities and energy markets, announced that it will reflect WTI Midland in Dated Brent and its related components, and that the benchmark complex will be amended to a delivered Rotterdam basis.
During the consultation, we heard widespread support on the addition of WTI Midland to the basket of crudes reflected in Dated Brent and for keeping strong connectivity to the forward Cash BFOE contract.
S&P Global Platts currently assesses cargoes of WTI Midland for delivery DAP basis Rotterdam.
In line with other grades already in the Dated Brent benchmark, Platts will launch an assessment of WTI Midland on a CIF Rotterdam basis ahead of implementation.

PetroTal Announces Completion of Arrangement with Petroperu, and Two Year Extension of Oil Sales Contract

Retrieved on:

Tuesday, January 19, 2021

Price of oil, Pricing, Brent Crude, Futures contract, Financial markets, Market economics), Microeconomics

Update on Third-Party Sale of Shares

Key Points:

PetroTal will pay this amount to Petroperu over three years in equal monthly installments, with interest at an annual rate of 6.12%.
Based on the average oil price for November 2020, the contingent liability was $16.6 million.
The actual liability or asset value will be determined based on the future Brent oil price when the remaining 1.8 million barrels of oil are sold.
In order to solidify the longterm operating and commercial relationship between PetroTal and Petroperu, the parties have amended certain terms of the Oil Sales Contract.

S&P Global Platts Opens Consultation on Inclusion of WTI Midland Crude in Dated Brent

Retrieved on:

Thursday, December 3, 2020

Energy economics, Liquids, Benchmark, Energy, West Texas Intermediate, Brent Crude, S&P Global Platts, Indian Basket, Petroleum, Brent, Energy crisis

LONDON, Dec. 3, 2020 /PRNewswire/ --S&P Global Platts ("Platts"), the leading independent provider of information and benchmark prices for the commodities and energy markets, announced today that it has opened a formal consultation on the possible inclusion of WTI Midland crude in Dated Brent, the global light sweet crude oil benchmark, and all related price assessments.

Key Points:

LONDON, Dec. 3, 2020 /PRNewswire/ --S&P Global Platts ("Platts"), the leading independent provider of information and benchmark prices for the commodities and energy markets, announced today that it has opened a formal consultation on the possible inclusion of WTI Midland crude in Dated Brent, the global light sweet crude oil benchmark, and all related price assessments.
WTI Midland is a light sweet crude with similar characteristics to the rest of the Dated Brent basket.
Platts is inviting market feedback on the potential addition of US WTI Midland to the basket of crudes reflected in its Dated Brent FOB North Sea, Dated Brent CIF Rotterdam, and Cash BFOE assessments.
Under this proposal, Platts would include WTI Midland FOB basis Scapa Flow in the Dated Brent basket, alongside Brent Ninian Blend, Forties, Oseberg, Ekofisk and Troll.

Cairn India selects Platts Dated Brent for Oil Pricing

Retrieved on:

Monday, September 14, 2020

Petroleum, Liquids, Chemistry, Nature, Benchmark, Cairn India, Indian Basket, S&P Global Platts, Sweet crude oil, Brent Crude, West Texas Intermediate

Cairn India, the largest private crude oil producer by volume in India, began using Platts Dated Brent for sales of Rajasthan crude in contracts beginning April 2020.

Key Points:

Cairn India, the largest private crude oil producer by volume in India, began using Platts Dated Brent for sales of Rajasthan crude in contracts beginning April 2020.
Platts Dated Brent is the globally recognized crude benchmark, which estimates suggest is used to price more than 60% of the world's oil.
With this step, India joins a host of largely sweet crude oil producers in Asia Pacific that have transitioned to using Platts Dated Brent in pricing their crude oil sales over the past decade.
Vera Blei, Head of Oil Markets, S&P Global Platts said:"The selection of Platts Dated Brent as the price benchmark to price one of India's flagship crude oil grades reflects the confidence Cairn India and buyers of RJ crude have in the quality of our independent price reporting.