Drilling & production - 12 August 2016

The oil and gas technology supplier is targeting further worldwide growth after securing an internationally-recognised quality assurance certificate.

The company’s Chapter 11 Plan of Reorganization is now in effect; Sabine Oil & Gas to emerge as a private company.

Mr. D.H.M. Wood as Management Board member and Chief Financial Officer.

For Q2 2016, the Company reported a net income of US$156.1 million, or US$1.83 basic and diluted earnings per share.

Since the removal of restrictions on exporting US crude oil in December 2015, the number of countries receiving exported US crude has risen sharply.