National Oil Corporation

Murphy Oil Corporation Announces Third Quarter 2023 Financial and Operating Results, Advances Capital Allocation Framework, Increases Share Repurchase Authorization, Raises Full Year 2023 Production Guidance

Retrieved on: 
Thursday, November 2, 2023
Oil, Gas, Energy, Duvernay, NCI, NYSE, Workover, Terra Nova, Tax, EDT, MP, National Oil Corporation, Paon DP, Public expenditure, EBITDA, CAPEX, Telephone, Share repurchase, News, GAAP, Acquisition, CALL, Internet, Natural gas, Commercial mortgage, Senior, Murphy Oil, Eagle Ford Group, Borrowing base, Depreciation, AECO, MUR, Oso, Calendar, Cryptocurrency, Management, Bookkeeping, Bank, Petroleum, Gulf of Mexico, Murphy

Third quarter production averaged 202 MBOEPD and consisted of 51 percent oil volumes, or 103 MBOPD.

Key Points: 
  • Third quarter production averaged 202 MBOEPD and consisted of 51 percent oil volumes, or 103 MBOPD.
  • During the third quarter, Murphy repurchased $75 million, or 1.7 million shares outstanding, at an average price of $44.53 per share.
  • Subsequent to the quarter, the share repurchase authorization was increased by $300 million, and Murphy now has $525 million remaining.
  • As previously disclosed, the capital allocation framework defines Murphy 1.0 as when long-term debt exceeds $1.8 billion.

Pertamina explores energy cooperation in Africa, supports President's visit

Retrieved on: 
Wednesday, August 23, 2023
Ministry of Foreign Affairs (Indonesia), National Oil Corporation, Directorate general for Maritime affairs, Fisheries and Aquaculture, Carbon, Sustainable Development Goal 7, GUMA, Foreign Affairs, Government, Sustainable Development Goals, Ministry, Republic, Spirit, Economic development, PGE, Memorandum of understanding, Geothermal energy, Coordinating Ministry for Maritime and Investments Affairs, ESG, Ministry of Energy and Mineral Resources, AGIL, PIEP, Investment, Conference, Mineral Resources Limited, TBK, Petroleum, Renewable energy, Drug, Pertamina

Kenya: Pertamina Geothermal Energy (PGE) Tbk, signed an MoU with Africa Geothermal International Limited (AGIL) on August 20, for technology development and resource utilization in geothermal.

Key Points: 
  • Kenya: Pertamina Geothermal Energy (PGE) Tbk, signed an MoU with Africa Geothermal International Limited (AGIL) on August 20, for technology development and resource utilization in geothermal.
  • [Image: Pertamina]
    In Kenya, Pertamina, through PT Pertamina Geothermal Energy (PGE) Tbk, signed a Memorandum of Understanding (MoU) with Africa Geothermal International Limited (AGIL) on Sunday, August 20, 2023, for technology development and resource utilization in geothermal.
  • This collaboration can strengthen cooperation between African countries and globally," President Director of Pertamina Nicke Widyawati said during her visit to Kenya, Africa, on Monday (21/8).
  • Meanwhile, Vice President of Pertamina, Fadjar Djoko Santoso, added that Pertamina had brought several sub-holdings to explore the potential for cooperation in Africa.

Murphy Oil Corporation Announces Second Quarter 2023 Financial and Operating Results, Strategic Portfolio Repositioning

Retrieved on: 
Thursday, August 3, 2023
Oil, Gas, Energy, Marketing, Natural gas, Sustainability reporting, Telephone, Tax, Paon DP, GAAP, CALL, Internet, Longclaw, Acquisition, Montney, British Columbia, ESG, Terra Nova, National Oil Corporation, News, NYSE, Maintenance, Wildfire, Athabasca Oil Corporation, AECO, MP, MUR, NCI, Murphy Oil, Government, IP30, Sustainability, Rystad Energy, Depreciation, PSC, Duvernay, Placid, EDT, Public expenditure, CAPEX, EBITDA, Eagle Ford Group, Saxons, Cryptocurrency, Management, Uranium mining, Bookkeeping, Renewable energy, Commercial property, Pharmaceutical industry, Petroleum, Satellite navigation device, Gulf of Mexico, Block, John E. Simonett, Chinook, Murphy, Cholula

Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2023, including net income attributable to Murphy of $98 million, or $0.62 net income per diluted share.

Key Points: 
  • Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the second quarter ended June 30, 2023, including net income attributable to Murphy of $98 million, or $0.62 net income per diluted share.
  • Second quarter production averaged 184 MBOEPD and consisted of 54 percent oil volumes, or 99 MBOPD.
  • The transaction has a March 1, 2023 effective date, with closing anticipated to occur in the third quarter of 2023.
  • Murphy accrued a total of $32 million in acquisition-related costs during the quarter, which will be paid in third quarter 2023.

Murphy Oil Corporation Announces First Quarter 2023 Financial and Operating Results, Reaffirms 2023 Production and Capital Expenditure Guidance Ranges

Retrieved on: 
Wednesday, May 3, 2023
Oil, Gas, Energy, Borrowing base, Pressure, S&P Global, Natural gas, Telephone, Murphy Oil, Tax, GAAP, Oso, EDT, CALL, Public expenditure, Internet, Samurai, CAPEX, EBITDA, Eagle Ford Group, WI, AECO, MP, MUR, Depreciation, Terra Nova, NCI, Karnes, National Oil Corporation, News, NYSE, Cryptocurrency, Film industry, Bookkeeping, Gasoline, Commercial property, Petroleum, Murphy, Daenerys Targaryen, Green, Longclaw, Gulf of Mexico, Chinook

Details for first quarter results and an adjusted net income reconciliation can be found in the attached schedules.

Key Points: 
  • Details for first quarter results and an adjusted net income reconciliation can be found in the attached schedules.
  • First quarter production averaged 172.5 MBOEPD and consisted of 55 percent oil volumes, or 94 MBOPD.
  • Gulf of Mexico – Production averaged approximately 87 MBOEPD, consisting of 79 percent oil during the first quarter.
  • Murphy reaffirms its 2023 accrued capital expenditures (CAPEX) plan range of $875 million to $1.025 billion.

Battalion Oil Corporation Provides Operational Update, Releases Preliminary 2022 Guidance, and Schedules Fourth Quarter 2021 Conference Call

Retrieved on: 
Monday, February 28, 2022
Public expenditure, Â, National Oil Corporation, Wind, Company, Burn, NYSE, Risk management, Renewable energy

Battalion Oil Corporation (NYSE American: BATL, Battalion or the Company) today provided an operational update, released its preliminary 2022 capital plan and production guidance, and provided details on the timing of its fourth quarter 2021 earnings release and conference call.

Key Points: 
  • Battalion Oil Corporation (NYSE American: BATL, Battalion or the Company) today provided an operational update, released its preliminary 2022 capital plan and production guidance, and provided details on the timing of its fourth quarter 2021 earnings release and conference call.
  • Im also pleased to share with you an early look at what we expect in 2022 with our preliminary full year guidance.
  • We broke ground on our 2022 capital program in December with the spudding of our first three well pad.
  • As a result of this capital program, the Company anticipates annualized production will remain flat in 2022 but expects double digit growth in daily oil production by year end 2022.

Petrofac secures EPCC contract

Retrieved on: 
Friday, September 3, 2021
Engineering, Front-end engineering, EPC, Production company, Construction, National Oil Corporation, FEED, National oil company, Abu Dhabi National Oil Company, Goal, EPCC, Oil

Petrofac has secured a contract valued at over US$100 million with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver their Erawin Field Development Project Phase 1 Early Production Facilities.

Key Points: 
  • Petrofac has secured a contract valued at over US$100 million with Zallaf Libya Oil & Gas Exploration and Production Company, to deliver their Erawin Field Development Project Phase 1 Early Production Facilities.
  • The Engineering, Procurement, Construction and Commissioning (EPCC) scope of work encompasses surface equipment, including well pads and flowlines at the Erawin oil field, located in southwest Libya.
  • In addition to this latest contract award, Petrofac is also currently providing Front-End Engineering Design (FEED) and conceptualisation studies, both upstream and downstream, for a number of clients in-country, with wider opportunities to position for EPC delivery.
  • Petrofac has been delivering complex projects, engineering services and training local workforces in North Africa for over 20 years now.

Kosmos Energy Announces Completion of Greater Tortue Ahmeyim FPSO Sale and Lease Back Transaction

Retrieved on: 
Monday, August 9, 2021
Maritime, Energy, Transport, Oil, Gas, National Oil Corporation, Environment, Securities Exchange Act of 1934, Sale, Kosmos Energy, FPSO, Energy, National oil company, Corporation, Partnership, KOS, New, London Stock Exchange, Public expenditure, GTA, Securities Act of 1933, Safety, U.S. Securities and Exchange Commission, Human rights, Capital expenditure, Ethics

Kosmos Energy (NYSE/LSE: KOS) (Kosmos or the Company) announced today that the transaction for the sale and lease back of the Greater Tortue Ahmeyim (GTA) floating, production, storage, and offloading vessel (FPSO) has been successfully completed.

Key Points: 
  • Kosmos Energy (NYSE/LSE: KOS) (Kosmos or the Company) announced today that the transaction for the sale and lease back of the Greater Tortue Ahmeyim (GTA) floating, production, storage, and offloading vessel (FPSO) has been successfully completed.
  • Completion of the transaction secures additional funding for Kosmos future development costs on the GTA project.
  • With the completion of the GTA FPSO sale and lease back transaction, Kosmos 2021 capital expenditures associated with the GTA project have been reduced to approximately $190 million, with remaining cash calls on the project for 2021 covered through the proceeds of the sale.
  • The FPSO will be leased back to BP Operator under a long-term lease agreement, for exclusive use in the GTA project.

ConocoPhillips Announces Quarterly Dividend

Retrieved on: 
Tuesday, July 13, 2021
Oil, Gas, Energy, Units of measurement, Economy of the United States, Companies, ConocoPhillips, Dividend, Cop, Barrel of oil equivalent, Conoco, National Oil Corporation

ConocoPhillips (NYSE: COP) announced today a quarterly dividend of 43 cents per share, payable Sept. 1, 2021, to stockholders of record at the close of business on July 26, 2021.

Key Points: 
  • ConocoPhillips (NYSE: COP) announced today a quarterly dividend of 43 cents per share, payable Sept. 1, 2021, to stockholders of record at the close of business on July 26, 2021.
  • Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $84 billion of total assets, and approximately 10,300 employees at March 31, 2021.
  • Production excluding Libya averaged 1,488 MBOED for the three months ended March 31, 2021, and proved reserves were 4.5 BBOE as of Dec. 31, 2020.
  • Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

DGAP-News: Mozambican Oil and Gas Chamber (CPGM): Oil and Gas Industry should host African Energy Week to Outline Agenda for Support of Our Oil and Gas Industry ahead of COP26

Retrieved on: 
Monday, June 7, 2021
Human behavior, Petroleum industry, National Oil Corporation, Boycott, Articles, Conflict process)

The move underestimates our preparedness to host events that define our future economic and energy sector success.

Key Points: 
  • The move underestimates our preparedness to host events that define our future economic and energy sector success.
  • Africa Oil Week was always seen as a crucial gathering for African NOC's and international IOC's to interact as well as a forum for African governments to discuss policy decisions and seek contributions from the oil and gas industry.
  • This boycott of Africa in favour of Dubai should not be accepted and promoted by the oil and gas industry and African governments.
  • An African Energy Week in Cape Town should unite governments, oil and gas companies, financial institutions, service companies, marginal field producers, commercial banks and more.

ConocoPhillips Provides Preliminary First-Quarter 2021 Operational and Financial Update; Reaffirms Full-Year 2021 Capital of $5.5 Billion and Production of 1.5 Million Barrels of Oil Equivalent per Day; Provides Additional 2021 Guidance

Retrieved on: 
Wednesday, March 31, 2021
Energy, Other Energy, Oil, Gas, Geography of Africa, Units of measurement, Africa, ConocoPhillips, Phillips 66, Conoco, Barrel of oil equivalent, National Oil Corporation, Libya

ConocoPhillips will announce first-quarter 2021 operational and financial results on May 4 and host a conference call on that date at 12:00 p.m. Eastern time.

Key Points: 
  • ConocoPhillips will announce first-quarter 2021 operational and financial results on May 4 and host a conference call on that date at 12:00 p.m. Eastern time.
  • Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $63 billion of total assets, and approximately 9,700 employees at Dec. 31, 2020.
  • Production excluding Libya averaged 1,118 MBOED for 2020, and proved reserves were 4.5 BBOE as of Dec. 31, 2020.
  • Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results.