Australia: Central Petroleum announces half-year results
23 Feb 2021
Central Petroleum has reported a net profit after tax of $2.5 million for the half year to 31 December 2020, continuing solid financial performance despite the market downturn experienced in 2020. This is up 15% on the previous half yeardue to lower exploration activity, corporate cost savings and lower interest and depreciation charges.
Earnings Before Interest, Tax, Depreciation, Amortisation and Exploration was $12.9 million. This is an increase of 51% on the previous six months to 30 June 2020 excluding the benefit of the $7.7 million settlement for the transfer of a 50% interest in the Range CSG Project, reflecting our effective term-gas contracting strategies, cost containment initiatives and solid operations at Central’s gas and oil fields in the Northern Territory.
Life Insurance Corporation of India launches new plan Bima Jyoti
Life Insurance Corporation of India has introduced LIC’s Bima Jyoti a non-linked, non-participating, individual, savings plan which offers an attractive combination of protection and savings.
| 23 Feb 2021 5:39 AM GMT
GUWAHATI: Life Insurance Corporation of India has introduced LIC s Bima Jyoti a non-linked, non-participating, individual, savings plan which offers an attractive combination of protection and savings. This plan provides guaranteed lumpsum payment at maturity and financial support to the family in case of unfortunate death of the policyholder during policy term. It can be purchased Offline through agent /other intermediaries as well as Online directly through website www.licindia.in.
UK/Canada: i3 Energy announces operational update
23 Feb 2021
i3 Energy, an independent oil and gas company with assets and operations in the UK and Canada, has announced the following interim operational update. The Company intends to provide regular quarterly updates starting with a summary of Q1 to be released in the second half of April 2021.
HIGHLIGHTS
Production remains predictably stable with November 2020 to January 2021 averaging 9,150 boe/d (41% liquids)
The diversified portfolio continues to perform at or above expectations, with forecasted 2021 net operating income (revenue minus royalties, opex, transportation and processing) of approx. CAD $35 million (US $27.6 million) based on mid-February strip pricing, an estimated maintenance capital budget of approx. CAD $3 million and excluding any additional production volumes associated with i3 s recent Noel production test (referenced below)
TechnipFMC has been awarded a substantial contract by PETRONAS for the provision of front-end engineering design, and integrated engineering, procurement, construction, installation and commissioning of subsea production system, umbilicals, risers and flowlines (iEPCI) for the Limbayong Deepwater Development Project, offshore Malaysia.