IIR Globe IIR Data IIR
social media icon social media icon social media icon social media icon social media icon social media icon social media icon social media icon social media icon

You are Trying to View a Premium Article

Sasol Faces Big Writedowns, Vows to Cut Costs as Prices Affect Natural Gas Projects in Louisiana, Alberta

oil_gas_production

Industry Segment: Production | Word Count: 650 Words

SUGAR LAND--September 13, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Sasol S.A. (NYSE:SSL) (Johannesburg, South Africa) continues to struggle against the tide of low commodity prices as it faces a massive string of writedowns, much of which are related to major natural gas-processing projects in Louisiana and Alberta. The company recently announced that its net profits for fiscal 2016 to date fell 55% to $914.4 million, with revenues dropping 6.6% to $12.15 billion. Industrial Info is tracking $38.77 billion in active projects involving Sasol, all but roughly $1 billion of which is located in the U.S. and Canada.

Within this article: Details on Sasol's largest projects and how they have been affected by the pricing environment, including those in Louisiana and Alberta.


Login or Register for Instant Access

This Premium Article can be purchased individually or as part of a subscription

Subscribe Now! All Fields Required...

Subscription Type:

Pricing Help?

  • Pay-Per-Article - $5.95
  • Annual Subscription - $235.00
  • Annual Subscription with Archive - $395.00

All Members Receive the Following Free Resources:

  • North American Project & Gap Spending
  • Market Maps & Stats - Capital & Maintenance Activity
  • Current Economic Indicators
  • Free Daily Industrial Articles
  • Monthly Industrial Newsletter