Monday, December 30, 2024

Vermilion Energy Increases Dividend, Reduces Debt

International producer Vermilion Energy Inc. (ticker: VET) increased production by 8% from Q3 2017, reaching an average of 72,821 BOEPD in Q4 2017. For Q4 2017, Vermilion Energy reported net earnings of $8.645 million, or $0.07 per share. This compares to a net loss of $4.032 million, or $(0.03) per share in Q4 2016. Vermilion’s 2017 annual production volumes increased

Vermilion Energy: Global Diversification Fueling 65 MBOEPD of Production

Global oil and gas operator Vermilion Energy (tickers: VET) holds producing acreage worldwide. The company’s assets are spread across three main regions: North America, Europe, and Australia. Its oil and gas assets are located in 10 countries. Vermilion’s focus on commodity diversification—oil and natural gas—creates stable cash flow and reduces the effect of volatility in individual commodity prices. European gas

downstream

European Strikes Could Affect Entire Oil & Gas Supply Chain

Oil refinery strikers take their toll on French gas stations ahead of the European Soccer Championship A bill passed by French President Francois Hollande’s government that would make hiring and firing easier in France has met with strikes from French union CGT, whose members include oil refinery workers. Six of the eight major refineries in France are either completely shut

Rocket Hits Site of Foreign Oil Firms Exxon, Shell, Eni in Iraq's Basra, Three Hurt

ISIS: a Criminal/Terrorist Enterprise with a Business Acumen that has No Historical Precedent

After Paris: U.S. and Russian air strikes target ISIS’s $50 million monthly oil revenues As the battle against ISIS continues, allied forces are increasingly targeting oil assets and the convoys of trucks being used to smuggle oil from ISIS-controlled oilfields. The idea is to cut off the major source of funding for the Islamic State’s barbaric terrorist activities. It is

Russia, China

Cheniere to Provide 12 Cargoes per Annum to France in 2018

Cheniere signs five-year contract with France’s Engie Cheniere Energy (ticker: LNG) made an agreement this week to provide up to 12 cargoes of liquefied natural gas (LNG) to France’s Engie (ticker: ENGI) as part of a five-year contract starting in 2018. The cargoes will be delivered by ship at the Montoir-de-Bretagne regasification terminal in France from Cheniere’s Sabine Pas and