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The most recent oil and gas industry financial headlines.
Mexico's Pemex Posts Profit For Third Straight Quarter
Thursday, July 27, 2017 - Pemex reports a 32.8 billion peso ($1.8 billion) second-quarter profit.
Rig Builder Sembcorp Marine 2Q Net Profit Falls 51%
Thursday, July 27, 2017 - Sembcorp Marine posts a 51% fall in second-quarter profit.
Russia's Novatek Expects 50% CAPEX Growth In 2018, 2019
Thursday, July 27, 2017 - Novatek expects capital expenditure to rise by around 50% in 2018 and 2019.
Total Beats 2Q Expectations Helped By Strong Cash Flow, Costs Cuts
Thursday, July 27, 2017 - Total reported 2Q earnings above expectations lifted by strong cash flow and cost cuts that enabled the company to maintain its targets for 2017.
Whiting Petroleum Slashes 2017 Budget After Quarterly Loss
Wednesday, July 26, 2017 - Whiting Petroleum slashed its 2017 budget by 14%, the latest company to curtail spending due to weak commodity prices.
Hess Slashes 2017 Capital Budget After Quarterly Loss
Wednesday, July 26, 2017 - Hess slashes its 2017 capital budget by 4% after posting a wider-than-expected quarterly loss on low crude prices and a dip in production.
Seadrill Warns Again Of Chapter 11 As Extends $14B Debt Talks
Wednesday, July 26, 2017 - Seadrill again delayed restructuring its $14 billion in debt and liabilities and reiterated that Chapter 11 bankruptcy was likely.
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