Latest news with #OilandGasExplorationandProduction
Observer
11-05-2025
- Business
- Observer
Oman refutes reports of the sale of shares in natural gas fields
The Ministry of Energy and Minerals said it continues to implement its long-term strategy based on developing national assets and maximizing their returns to serve the country's economic and development goals. Dr. Saleh bin Ali al Anbouri, director general of Oil and Gas Exploration and Production at the Ministry of Energy and Minerals, said that the Ministry continues to monitor the implementation of major development projects in gas fields in line with global best practices in terms of sustainability and financing. This is based on a solid financial base and well-thought-out investment plans that keep pace with the aspirations of the next phase, without the need to divest from natural gas-producing assets. The Director General also noted the inaccuracy of rumors circulating about the sale of shares in natural gas fields. He noted that the Ministry is keen to enhance operational efficiency and attract global technical and investment expertise through well-thought-out partnerships that focus on knowledge transfer and enhancing added value within the Sultanate of Oman, without compromising ownership or sovereignty of strategic national assets. The Ministry affirms its full commitment to the principles of transparency and accountability, and continues to coordinate with all local and international partners to serve the interests of the Sultanate of Oman and enhance its position as a trusted regional hub in the energy sector. background Oman is looking to sell a stake in natural gas assets valued at about $8 billion, according to Bloomberg. The firm Energy Development Oman is seeking partners for a minority stake in the fields contained in Block 6, the reports said,.
Yahoo
04-03-2025
- Business
- Yahoo
Sitio Royalties Full Year 2024 Earnings: EPS Beats Expectations
Revenue: US$624.4m (up 5.2% from FY 2023). Net income: US$39.8m (up from US$16.6m loss in FY 2023). Profit margin: 6.4% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. EPS: US$0.49 (up from US$0.20 loss in FY 2023). Oil reserves Proven reserves: 42.064 MMbbls. Gas reserves Proven reserves: 199.944 Bcf. LNG reserves Proven reserves: 28.368 MMbbls. Combined production Oil equivalent production: 14.097 MMboe (12.942 MMboe in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. In the last 12 months, the only revenue segment was Oil and Gas Exploration and Production contributing US$624.4m. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$320.3m (60% of total expenses). Explore how STR's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Oil and Gas industry in the US. Performance of the American Oil and Gas industry. The company's shares are down 1.2% from a week ago. Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Sitio Royalties that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
