Deals - Joint Ventures | Quarterly / Earnings Reports | First Quarter (1Q) Update | Production Rates
Serinus Energy Looks for JV Partner in Romania
Print
|
Serinus Energy Inc. has provided the following update for its operations for the first quarter of 2016.
Production Average corporate production for the first quarter was approximately 2,209 boe/d (SEN WI), representing a 45% decrease from 3,959 boe/d in the fourth quarter. The difference is due to the sale of the Ukraine assets in early February, plus some temporary operational shut-ins in Tunisia. Overall production from Tunisia for Q1 was 1,150 boe/d, 10% lower than the 1,277 boe/d in Q4 2015. Oil averaged 903 bbl/d, and gas was 1.5 MMcf/d. The fall was substantially due to downtime incurred changing out bottomhole pumps and wells shut in for pressure build-ups. Estimated realized prices during the quarter were $37.27/bbl and $5.32/Mcf. There were two tanker lifts of oil during Q1…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Deals - Joint Ventures News
Schlumberger, Aker Solutions Ink Subsea-Focused JV
Schlumberger, Aker Solutions and Subsea 7 announced an agreement to form a joint venture focused on subsea optimization. The proposed joint venture will combine Schlumberger’s and Aker Solutions’…
California Resources Second Quarter 2022 Results
California Resources Corp. reported second quarter 2022 operational and financial results. The company also announced the formation of a joint venture with Brookfield Renewable, creating a carbon management…
Equinor to Exit Russian JVs, Halt New Investments in Country
Equinor's Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. Anders Opedal, President and CEO…
Talos, Storegga Partner for Carbon Capture Storage Project in GOM
Talos Energy Inc. has formed an exclusive joint venture with Storegga Geotechnologies Ltd. to source, evaluate and develop carbon capture and storage (CCS) project. The JV will evaluate…
ExxonMobil, Petronas Tout Discovery Offshore Suriname
ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname. The well was drilled by operator PETRONAS to a total depth of…
Africa - North Africa News
Chairman of Russia's Lukoil Dead After 'Fall from Hospital Window'
Lukoil Chairman Ravil Maganov has died, according to multiple reports. He was 67. Russian state-owned news agency TASS reported that Maganov died following a "fall from a hospital…
Halliburton First Quarter 2022 Results; Revenue by Region, Call Highlights
Halliburton Co. reported its first quarter 2022 results. Quarterly Revenue by Region U.S. revenue was up $100 million from the previous quarter, while International dipped by $100 million.…
Energy Firms Exit Russian Projects En Masse, Citing Ukraine Invasion (Updated 3/4/22)
This week, several energy companies have announced that they will be abandoning projects tied with Russia in protest of the country's invasion of Ukraine. Several other firms who…
ExxonMobil to Close Out Russian Operations; Make No Further Investments
ExxonMobil will close out its Sakhalin-1 project in Russia in response to the country's invasion of Ukraine. Exxon held a 30% stake in the project. The company will…
TotalEnergies Will Make No New Investments in Russia
TotalEnergies will be making no new investments in Russia due to the country's invasion of Ukraine, but fell short of cancelling existing agreements and projects in the region.…
Europe News
Equinor to Exit Russian JVs, Halt New Investments in Country
Equinor's Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. Anders Opedal, President and CEO…
Shell to Exit JV Projects with Gazprom, End Involvement in Nord Stream 2 Pipeline
The Board of Shell plc announced its intention to exit its joint ventures with Gazprom and related entities, as well as end its involvement in the Nord Stream…
Citing Ukraine Invasion, BP to Dump 19.75% Stake in Rosneft, Exit Board
The BP board has announced that BP will exit its shareholding in Rosneft. BP has held a 19.75% shareholding in Rosneft since 2013. Additionally, BP chief executive officer…
APA Corp. Signs $3.5B PSC Deal with Egyptian Parliament
APA Corp. has announced the signing of an agreement to modernize and consolidate the company's current Production Sharing Contracts (PSCs) with Egypt's Ministry of Petroleum and Mineral Resources…
Exxon Partners for Carbon Capture Project in Scotland
ExxonMobil has signed a Memorandum of Understanding to participate in the recently announced Acorn carbon capture and storage project (CCS) in Scotland. The project plans to capture and…