CALGARY - Husky Energy is planning further job cuts and asset sales as it looks to consolidate projects in Western Canada to help the company weather the ongoing downturn in the oilpatch."Basically we are transitioning from a business with a large number of small plays into a business with a focus on fewer but more material plays," Husky chief operating officer Rob Peabody said during an earnings conference call Friday.The company has already cut 1,400 jobs across its offices and field [Read more]
Archives for October 2015
Gulfport Energy Corporation Schedules Third Quarter 2015 Financial and Operational Results Conference Call
OKLAHOMA CITY, Oct. 30, 2015 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) (“Gulfport”) today scheduled its third quarter 2015 financial and operational results conference call. Gulfport will hold a conference call on Thursday, November 5, 2015 at 8:00 a.m. CST to discuss its third quarter of 2015 financial and operational results and to provide an update on the Company’s recent activities. Gulfport's third quarter of 2015 earnings are scheduled to be released after the [Read more]
Gulfport Energy Corporation Schedules Third Quarter 2015 Financial and Operational Results Conference Call
OKLAHOMA CITY, Oct. 30, 2015 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (Nasdaq:GPOR) (“Gulfport”) today scheduled its third quarter 2015 financial and operational results conference call. Gulfport will hold a conference call on Thursday, November 5, 2015 at 8:00 a.m. CST to discuss its third quarter of 2015 financial and operational results and to provide an update on the Company’s recent activities. Gulfport's third quarter of 2015 earnings are scheduled to be released after the [Read more]
Cheniere Energy Partners LP Holdings, LLC Reports Third Quarter 2015 Results
HOUSTON, Oct. 30, 2015 /PRNewswire/ -- Cheniere Energy Partners LP Holdings, LLC ("Cheniere Partners Holdings") (NYSE MKT: CQH) reported net income of $4.6 million, or $0.02 per common share, for each of the three months ended September 30, 2015 and 2014. Cheniere Partners Holdings reported net income of $13.6 million, or $0.06 per common share for each of the nine months ended September 30, 2015 and 2014. Results include the distribution received from our limited partner interests in Cheniere [Read more]
Cheniere Energy Partners, L.P. Reports Third Quarter 2015 Results
HOUSTON, Oct. 30, 2015 /PRNewswire/ -- Cheniere Energy Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP) reported a net loss of $24.1 million and $262.9 million for the three and nine months ended September 30, 2015, respectively, compared to a net loss of $43.2 million and $339.2 million for the same periods in 2014, respectively. Significant items for the three months ended September 30, 2015 resulted in a gain of $21.1 million and are related to derivative loss associated with the [Read more]
ExxonMobil Earns $4.2 Billion in Third Quarter of 2015
IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM): Third Quarter Nine Months 2015 2014 % 2015 2014 % Earnings Summary (Dollars in millions, except per share data) Earnings 4,240 8,070 -47 13,370 25,950 -48 Earnings Per Common Share Assuming Dilution 1.01 1.89 -47 3.18 6.04 -47 Capital and Exploration Expenditures 7,670 9,837 -22 23,635 28,073 [Read more]
Imperial earns $479 million in third quarter of 2015
Upstream production up 26 percent, highest quarterly total in more than a decade Cost management activities deliver year-to-date savings of $1.1 billion Cash generation exceeds capital requirements and dividends by more than $300 million CALGARY, Oct. 30, 2015 /CNW/ - Third quarter Nine months (millions of dollars, unless noted) 2015 2014 % 2015 2014 % Net income (U.S. [Read more]
MarkWest Energy Partners Announces Filing of Definitive Proxy Statement
DENVER--(BUSINESS WIRE)--MarkWest Energy Partners, L.P. (the “Partnership”) (NYSE: MWE) today announced that it has filed a definitive proxy statement and prospectus with the U.S. Securities and Exchange Commission regarding the pending merger pursuant to which the Partnership would become a wholly owned subsidiary of MPLX LP (“MPLX”) (NYSE: MPLX). A special meeting of the common unitholders has been set to approve the previously announced Agreement and Plan of Merger, dated as of July 11, 2015, [Read more]
Husky Energy Announces 2015 Third Quarter Dividends
CALGARY, AB--(Marketwired - October 30, 2015) - The Board of Directors of Husky Energy (TSX: HSE) has approved a quarterly dividend of $0.30 (Canadian) per common share for the three-month period ended September 30, 2015.The quarterly dividend will be issued in the form of common shares on January 11, 2016 to all shareholders of record at the close of business on November 27, 2015. Regular quarterly dividend payments on each of the Cumulative Redeemable Preferred Shares, Series 1, Series 3, [Read more]
Husky Takes Action to Improve Resiliency and Fortify Business, Announces Third Quarter Results
CALGARY, AB--(Marketwired - October 30, 2015) - While Husky Energy (TSX: HSE) continues to make progress implementing cost reductions and efficiencies across its operations, it is taking further action to fortify its business in an extended low oil price environment."It is evident that the global oil dynamic has experienced a fundamental shift, driven by the resilience in supply," said CEO Asim Ghosh. "Back in 2010, we made the decision to stay diversified, integrated and begin a transition into [Read more]
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