Results50 articles shown
Seadrill Posts Operating Loss, Increases Cost Savings Target
Tuesday, November 24, 2015 Following an operating loss of $291 million in 3Q 2015, Seadrill Limited increases its cost savings target for the year to $600 million.
Gazprom Neft Posts YOY Revenue Drop, Production Increases
Monday, November 23, 2015 Gazprom Neft PJSC posts a year on year revenue decrease and production increase in the first nine months of 2015.
88 Energy Raises Funds Through Oversubscribed Share Placing
Friday, November 20, 2015 88 Energy Limited successfully raises $3 million through a "strongly oversubscribed" share placing.
Mermaid Maritime's 3Q 2015 Net Profit Up 9.2% to $16.5M, Trims Staff by 15%
Monday, November 16, 2015 Mermaid Maritime posts a 19.2 percent rise in net profit to $16.5 million for third quarter 2015, lifted mainly by its subsea business in the Middle East.
Swiber's 3Q 2015 Net Profit at $4.3M, Up from a YOY Loss of $22.9M
Monday, November 16, 2015 Singapore's Swiber Holdings posts a net profit of $4.3 million in the third quarter of 2015, up from a loss of $22.9 million in the previous year.
Caza Posts YOY Financial, Production Decreases, Cuts Costs
Friday, November 13, 2015 Following financial and production decreases in the third quarter of 2015, compared to the same period last year, Caza Oil & Gas announces that it is scaling back costs.
Loyz Posts 42% Fall in 1Q FY2016 Revenue to $4M Due to Low Oil Prices
Friday, November 13, 2015 Singapore's Loyz Energy posts a 42 percent decline in revenue to $4 million for the first quarter of 2016 that ended Sept. 30 due to low oil prices.
North Energy: Cost-Cutting Plan 'On Schedule'
Thursday, November 12, 2015 North Energy's cost-cutting restructuring plan is "on schedule", following a net loss of $3.78 million in the third quarter of 2015.
Repsol Posts Upstream Earnings Loss, Reaffirms Plans to cut Spend
Thursday, November 12, 2015 Following a $678 million loss in the 9 month period from Jan to Sept this year for Repsol's upstream division, the group reaffirmed its plans to significantly scale back upstream investment over the next 5 years.
Encana Posts Loss, Accelerates Activity In US Permian Basin
Thursday, November 12, 2015 Encana reports a third-quarter loss, but an increase in oil production.
Premier: Catcher, Solan Projects Back 'On Track'
Thursday, November 12, 2015 Premier Oil's Solan oilfield is on track to produce its first oil before the end of the year, while progress continues at the firm's Catcher project.
PETRONAS Not Laying Off Permanent Staff Despite Current Market Gloom
Thursday, November 12, 2015 PETRONAS is not laying off permanent staff despite the current low oil price environment that has already led to massive job cuts in the petroleum industry worldwide.
Brazil's Petrobras Posts $1.01B Loss In 3Q
Thursday, November 12, 2015 Petrobras posts a loss of $1.01 billion in the third quarter as lower oil prices, a weaker Brazilian currency against the dollar and the country's worst recession in decades crimped revenue.
Malaysia's Petronas Cuts State Dividend as Profit Plunges on Oil Drop
Wednesday, November 11, 2015 Petronas is slashing its dividend after its quarterly profit fell 91% on weak global oil prices
RH Petrogas Issues Profit Guidance for 3Q 2015 in Low Oil Price Environment
Wednesday, November 11, 2015 RH Petrogas issues profit guidance for third quarter 2015 in the current low oil price environment.
SBM Offshore Hit By Slowing Industry Spending
Wednesday, November 11, 2015 SBM Offshore says a fall in orders hit its 3Q revenue as clients trimmed spending amid ongoing low oil prices.
Reduced Workload Sees Subsea 7 3Q Revenue Dip
Wednesday, November 11, 2015 Subsea 7's 3Q revenue of $1.2 billion was $702 million lower than the prior year quarter, due to a reduced workload as a result of the sustained downturn in oil company expenditure.
Bowleven Operating Loss Widens, Pledges 'Significant' Activity in 2016
Tuesday, November 10, 2015 Bowleven's operating loss widens to $87.8 million as the company pledges to carry out "significant" operational activity in 2016.
India's ONGC Posts 2Q FY16 Net Profit of $726.3M, Down 11.1% YOY
Monday, November 09, 2015 India's ONGC posts a net profit of $726.3 million for second quarter 2016 that ended Sept. 30, down 11.1 percent from last year's $816.7 million.
Sterling Energy Seeks Growth Following EBITDAX Loss
Monday, November 09, 2015 Sterling Energy pledges to seek growth and build a "diverse exploration portfolio", following a loss of $2.11 million at the adjusted EBITDAX level in the third quarter of 2015.
MOL's Upstream Segment Posts 99% Reduction in Operating Profit YOY
Friday, November 06, 2015 MOL's upstream segment posts a 99% year on year reduction in operating profit in its 3Q results.
Profits Fall More Than Expected at Polish Gas Group PGNiG
Friday, November 06, 2015 Polish gas firm PGNiG sees profits fall more than expected but expects 2015 core profit to be greater due to cost cuts and increased production.
Songa Produces Robust 3Q 2015 Operating Profit
Friday, November 06, 2015 Songa Offshore produces a strong operating profit and highlights a strong order book thanks to its new 'Cat D' rigs.
OMV Sees 3Q Profit Boost in Spite of 'Weak' Upstream Performance
Thursday, November 05, 2015 OMV boosts is clean CCS net income by 31 percent to $400 million despite what analysts described as a 'weak' upstream performance.
US Oil Producer Apache Raises Production Forecast
Thursday, November 05, 2015 Apache reports a much smaller-than-expected quarterly loss and joined a growing list of US oil producers in raising full-year production forecast even as many of them cut spending.
Pipeline Operator Enbridge's Profit Rises as Shipments Increase
Thursday, November 05, 2015 Canada's largest pipeline company reports a 15.7-percent rise in quarterly adjusted profit, helped by increased throughput as producers move more oil by pipelines.
EOG Resources Profit Widely Beats Street On Cost Cuts
Thursday, November 05, 2015 EOG Resources posts a better-than-expected profit as cost cuts and efficiency gains helped offset falling crude prices.
Lundin to Continue to Reduce Costs and Improve Efficiency
Wednesday, November 04, 2015 Lundin Petroleum will continue to improve its operational and capital efficiency and work to reduce its costs for the foreseeable future, according to Lundin's president and CEO, Alex Schneiter.
Marathon Oil Has Third-Quarter Loss As Low Oil Prices Hurt
Wednesday, November 04, 2015 Marathon Oil reports a quarterly loss that topped Wall Street expectations.
Chesapeake Cuts Budget Again On Weak Oil And Gas Prices
Wednesday, November 04, 2015 Chesapeake cuts its 2015 capital budget for the second time this year to cope with a slump in oil and gas prices, but raises its production forecast.
Continental Resources Boosts Crude Output Forecast
Wednesday, November 04, 2015 Continental Resources boosts production forecast despite posting a quarterly loss.
Norwegian Oil Firm Det Norske Cuts 2015 Spending Plans
Wednesday, November 04, 2015 Norway's Det norske cuts spending this year after registering a third-quarter loss.
Wentworth: First Payment Received for Tanzania Gas Delivery
Wednesday, November 04, 2015 Wentworth Resources Limited announces that the first payment has been received for gas delivery from the Mnazi Bay concession in southern Tanzania to the country's new transnational pipeline.
Oasis Petroleum Profit Beats Thanks To Cost Cuts
Tuesday, November 03, 2015 Oasis Petroleum posts a better-than-expected quarterly profit as it successfully slashed costs to offset plunging crude prices.
Efficiency Gains, Higher EUR Wells Means Fewer Rigs Needed at Pioneer
Tuesday, November 03, 2015 Efficiency gains and the drilling of higher EUR wells will allow Pioneer Natural Resources to achieve its forecasted production growth with fewer rigs.
Devon Energy Has $3.5B Quarterly Loss On Writedowns
Tuesday, November 03, 2015 Devon Energy reports a quarterly loss compared with a year-earlier profit.
Petoro: Cash Flow from Norway O&G SDFI Decreases YOY
Tuesday, November 03, 2015 Net cash flow from the Norwegian state's direct financial interest in oil and gas operations on the Norwegian Continental Shelf reduces by $234.73 million, to $1.99 billion, year on year in 3Q 2015.
TransCanada: US Presidential Politics Not A Factor For KXL
Tuesday, November 03, 2015 TransCanada President and CEO Russ Girling says an unequivocal "No" to whether the company asked to pause a State Department review and gamble that a new US president would approve Keystone XL.
Wood Mac: Weak Financials, Growing Production Trending among Majors
Tuesday, November 03, 2015 Wood Mackenzie outlines weak financial performance in 3Q, surging production levels and deep cost cutting as key trends among majors.
Canada's Husky Energy Swings To Loss, Says Has Cut 1,400 Jobs
Friday, October 30, 2015 Husky swings to a quarterly loss due to a $2.9 billion after-tax impairment charge.
Chevron Slashes 2016 Budget To Weather Low Oil Prices
Friday, October 30, 2015 Chevron slashes its 2016 capital budget by 25% and said it would lay off roughly 10% of its workforce.
BG Group Earnings Down, Production Up
Friday, October 30, 2015 BG Group plc's EBITDA decreases 37% year on year, while full year production guidance increases to between 680,000 and 700,000 barrels of oil per day.
Exxon 3Q Profit Falls 47% But Beats Expectations
Friday, October 30, 2015 ExxonMobil says its 3Q profit fell 47% hit by low crude prices, but results were better than expected, helped by higher profits in the oil company's refining business.
China's Oil Giants Lose Almost All Profits Amid Crude Crash
Friday, October 30, 2015 The plunge in crude prices all but killed profits at China's top energy producer and its largest oil refiner.
Conoco Posts Quarterly Loss, Cuts 2015 Spending Target
Thursday, October 29, 2015 ConocoPhillips lowers its 2015 spending target in response to the lingering slump in crude prices.
Marathon Oil Is First Major Shale Producer to Cut Dividend
Thursday, October 29, 2015 Marathon Oil becomes the first major shale producer to cut its quarterly dividend, reducing it by 76% in an effort to prop up cash holdings as oil prices hold below $50 a barrel.
Energy Majors Post YOY Financial Losses, Plan to Increase Production
Thursday, October 29, 2015 With Eni, Total and Shell all posting year on year financial losses in 3Q 2015, the majority of these energy majors pledge to increase their production output.
Mexico's Pemex Loses Nearly $10B In 3Q, 12th Loss In Row
Wednesday, October 28, 2015 Pemex reports a steep 3Q loss of $9.9 billion, hurt by low oil prices and a weaker Mexican peso.
Occidental to Exit Williston Basin
Wednesday, October 28, 2015 Oxy will exit the Williston Basin and evaluate other non-core operations as it seeks to boost operating cash flow and returns while reducing costs.
Hess Posts 3Q Loss On Crude Price Slump, Beats Expectations
Wednesday, October 28, 2015 Hess reports an adjusted quarterly loss but beat expectations as a sharp drop in capital spending and other cost cuts helped offset a 60% slump in crude prices in the past year.
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