Vermilion Energy blames French refinery outage for Q2 production dip [Business News Network (BNN) Energy & Resources (Canada)]
Vermilion Energy Inc. Common (Canada) (VET)
Last vermilion energy inc. common (canada) earnings: 4/28 04:05 pm
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Source: Business News Network
Vermilion Energy blames French refinery outage for Q2 production dip CALGARY -- Vermilion Energy Inc. ( VET.TO ) says a refinery outage in France led to a second-quarter oil and gas production decline from the prior quarter, offset by gains in its operations in the United States and Australia. CEO Tony Marino says the Calgary-based company averaged 103,000 barrels of oil equivalent per day, down about 400 boe/d from the prior quarter, as output in France slipped by about 1,300 boe/d or 15 per cent to 9,800 boe/d. He says the Grandpuits refinery southeast of Paris was temporarily shut down due to a pipeline interruption that left it without sufficient feedstock to operate but has now returned to normal operation. Marino says Vermilion incurred about $2 million in unplanned capital spending to buy equipment to transport some of its oil by truck and barges to other delivery points in France and Germany, but had to swallow an $11-million hit to funds flowing from operations due to lower s
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- 3/6/24 - Miss
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- 3/28/24 - Form 6-K
- 3/7/24 - Form 6-K
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