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The most recent oil and gas industry financial headlines.
Atlantic Petroleum Seeks Buyers
Monday, August 03, 2015 - Atlantic Petroleum's management team has been authorized to put the company up for sale.
Diamond Offshore Drilling Revenues Drop, Net Income Rises
Monday, August 03, 2015 - Diamond Offshore Drilling announces a $58 million revenue loss and slight net income increase in the second quarter of 2015, compared to the same period last year.
Canadian Oil Sands Producer Athabasca Oil Cuts Capex
Friday, July 31, 2015 - Canada's Athabasca Oil, which processes oil sands to produce crude, says it would cut its capital expenditure by nearly 5 percent as oil prices stay low.
TGS: $65 Million Revenue Loss in 2Q 2015
Thursday, July 30, 2015 - TGS reveals a net revenue loss of $65 million in the second quarter of 2015, compared to the same period last year.
Technip Swings to Loss As Oil Industry Downturn Lasts
Thursday, July 30, 2015 - Technip swings to a loss in the second quarter after Europe's biggest oil-services provider took a writedown amid an industry downturn it expects to last for longer than anticipated.
Kazakh Wealth Fund to Sell 10% in State Oil Firm KMG to Central Bank
Wednesday, July 29, 2015 - Kazakhstan's sovereign wealth fund will see 10 percent of its shares in state oil firm KazMunaiGas to the country's central bank.
Samsung Heavy Reports Quarterly Operating Loss of $1.3B
Wednesday, July 29, 2015 - Samsung Heavy Industries Co., South Korea’s third-largest shipbuilder, reports an operating loss of $1.3 billion in the second quarter, far worse than analysts were expecting.
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