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Schlumberger Expects Reactivation Costs To Squeeze Margins
Friday, April 21, 2017 Schlumberger says a ramp up in drilling activity in North America boosted pricing for its services, but the cost of reactivating equipment idled during the downturn dragged down margins.

Woodside Q1 Revenue Falls 9% As Heavy Rain Hits Output
Thursday, April 20, 2017 Woodside Petroleum reports a 9% drop in Q1 revenue on Thursday as production fell, largely due to extremely heavy rainfall.

Singapore's Keppel Posts Higher Profit, But Offshore Business Still Bleak
Thursday, April 20, 2017 Singapore's Keppel Corp posts its first year-on-year rise in quarterly profits since early 2015, helped by improved earnings from infrastructure and investments.

OMV's Q1 Refining Margin Falls Q/Q To $5.42/Bbl
Tuesday, April 11, 2017 OMV's refining margin fell to $5.42 per barrel in the first quarter.

Petrochina Sees Lower Q1 Profit On Qtr, But Turnaround From Year Ago
Friday, April 07, 2017 PetroChina expects a first-quarter profit of 5-6 billion yuan ($724.8-$869.8 million), down slightly from the preceding quarter, but a turnaround from a huge loss a year earlier.

BP Cuts CEO's Pay Package After Shareholder Backlash
Thursday, April 06, 2017 BP trims Chief Executive Bob Dudley's annual remuneration package by almost $8 million to $11.6 million.

Gulf Keystone Trims Annual Loss After Debt-For-Equity Deal
Thursday, April 06, 2017 Gulf Keystone Petroleum, an oil producer in Iraq's Kurdistan region, cut its annual pretax loss to $17 million last year after a debt-for-equity deal saved it from going under.

Seadrill Drops to Record Low After Warning on Shareholder Losses
Tuesday, April 04, 2017 Seadrill fell 38% after warning its shareholders and bond investors they can expect steep losses.

Israel's Delek Targets Global Energy Expansion After Profit Jump
Thursday, March 30, 2017 Israel's Delek Group says its quarterly profit was boosted by the sale of 2 natural gas sites and higher income from its exploration and production operations.

Genel Targets Turkey Gas Deal This Year To Overcome Oil Troubles
Thursday, March 30, 2017 Genel Energy expects to strike a gas-export partnership deal with Turkey Energy Company this year, as it tries to overcome setbacks in oil exploration.

Petrochina 2016 Profit Sinks 78% On Lower Crude Prices
Thursday, March 30, 2017 PetroChina reports a drop of 78% in 2016 annual net profit, as it was hit by lower prices for crude oil and natural gas.

Halliburton Warns Of First-Quarter Profit Miss As Costs Rise
Friday, March 24, 2017 Halliburton warns that its first-quarter profit would likely miss analysts' expectations.

China's CNOOC Reports Worst Result Since 2011, Forecasts Output Rise
Thursday, March 23, 2017 China's offshore oil and gas producer CNOOC Ltd reports its worst annual result since at least 2011, with revenue from its core oil and gas business tumbling 17% last year.

Enquest Reports Small Rise In Annual Profit Despite Weak Oil Price
Tuesday, March 21, 2017 North Sea-focused oil producer EnQuest reports a small rise in annual core earnings, despite weak oil prices, as it brings down costs and raises production.

UK's Tullow Oil Makes $750MM Cash Call To Reduce Debt
Friday, March 17, 2017 Tullow Oil Plc plans a rights issue to raise about $750 million to cut its $4.8 billion debt burden and make investments in drilling and exploration in Latin America and Africa.

Malaysia's Petronas Warns On 2017 Outlook Despite Swing To 4Q Profit
Tuesday, March 14, 2017 Petronas warns of a cautious outlook for 2017.

Premier Oil Makes Annual Pre-Tax Loss Despite Cost Cuts, Higher Output
Thursday, March 09, 2017 North Sea focused Premier Oil missed analysts' annual profit forecasts as it made its third consecutive annual loss before tax despite a heavy squeeze in costs and higher production.

Poland's PGNiG Says 2016 Net Profit Rises 10%
Wednesday, March 08, 2017 Polish gas company PGNiG says that higher gas sales boosted its 2016 net profit by about 10% to 2.35 billion zlotys ($577 million).

Russia's Gazprom Says Credit Agricole CIB To Give It $739 MM Loan
Tuesday, March 07, 2017 Russian gas producer Gazprom says French Credit Agricole CIB has agreed to give it a loan of 700 million euros ($739.8 million) for 5 years.

Colombia's Ecopetrol Reports $525.6MM Profit In 2016
Monday, March 06, 2017 Colombia's state-controlled oil producer Ecopetrol reports a net profit of $525.6 million during 2016.

Canadian Natural Resources' Profit Jumps On Higher Sales Volume, Prices
Thursday, March 02, 2017 Canadian Natural Resources Ltd says its 4Q profit rose more than fourfold, helped by higher sales volumes and realized prices from North America.

Eni Beats Q4 Expectations With First Profit In 18 Months
Wednesday, March 01, 2017 Eni beats expectations with its first quarterly profit in 18 months, helped by lower spending and higher oil prices.

Rig Firm Seadrill Says May File For Chapter 11 Bankruptcy
Tuesday, February 28, 2017 Rig firm Seadrill says it may have to file for Chapter 11 bankruptcy protection if it fails to reach a restructuring agreement with lenders.

MOL Group: 2016 was Year of Great Achievements, Important Milestones
Tuesday, February 28, 2017 Hungary-headquartered MOL Group had a year of great achievements and important milestones in 2016, according to the company's Chairman-CEO Zsolt Hernadi.


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