Saturday, August 23, 2014

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Serinus Reports 175% Increase in Net Income on Rising Production

Canada-headquartered Serinus Energy, controlled by Poland’s richest man Jan Kulczyk, reported a 56% production increase in the second quarter of the year compared to the same period of 2013.  The company, which maintains a focus on gas, started producing oil in the last months.   ‘Production...

E.ON Reports 12% EBITDA Decline

Germany’s E.ON confirmed its 2014 EBITDA targets, despite a significant year-on-year decline. ‘As anticipated, E.ON’s half-year earnings figures were below the prior-year level: EBITDA declined from €5.7 to €5 billion, underlying net income from €1.9 to €1.5 billion.

Azer News: Shah Deniz increases average daily gas production

The average daily gas production at Azerbaijan's giant Shah Deniz gas condensate field in the Caspian Sea is over 27 million cubic meters. "The volume of gas production in the field is high. It is now at the level of 27.3-27.4 million cubic meters per day," a source in Azerbaijan's state energy company...

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