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UK's Hunting Warns of Profit Slump as Rig Counts Fall Further
Thursday, July 02, 2015 Oilfield services firm Hunting warns operating profit may slide by up to 75 percent this year as weak oil prices lead to ongoing cuts in drilling.
Tullow Enjoys Strong Oil Production in West Africa
Wednesday, July 01, 2015 Tullow Oil sees strong oil production from its West African operations thanks to a solid performance from its Jubilee field, offshore Ghana.
Petrobras History of Failed Plans Raises Doubt over New Promises
Wednesday, July 01, 2015 Brazil's state-run oil company Petroleo Brasileiro's history of failed spending and output plans may be the biggest obstacle to its efforts to convince investors it will reduce its debt.
SapuraKencana's Net Profit Declines 21% to $69.53M in 1Q FY16
Tuesday, June 16, 2015 Malaysia's SapuraKencana Petroleum posts a 21 percent decline in net profit to $69.53 million in first quarter 2016, while revenue falls 8 percent to $601.5 million.
Russia's Lukoil 1Q Net Profit Down 60% on Weak Oil
Wednesday, June 10, 2015 Russian oil producer Lukoil reports a worse-than-expected 60-percent drop in 1Q net profit.
Bashneft Group Announces Increased Production, Decreased Revenue
Monday, June 08, 2015 Bashneft Group's revenue decreases by 2.5 percent from 1Q 2014 to 1Q 2015, while its average oil production grows by 14.7 percent to 373,814 barrels per day.
Xcite Confirms $35-per-Barrel Costs for Bentley Field
Friday, May 29, 2015 Xcite Energy makes a small loss for the first quarter were confirming the project economics for the development of its Bentley field work out at $35 per barrel.
Songa Offshore Reports Total Revenue Decrease in 1Q 2015
Friday, May 29, 2015 Songa Offshore reports that total revenue for the company decreased from $154.7 million in 1Q 2014 to $108.3 million in 1Q 2015.
Afren to Receive $93 Million Cash Boost Following Revenue Decrease
Friday, May 29, 2015 Afren announces that it will receive an extra $93 million in net cash proceeds, following a difficult financial year.
Bumi Armada's 1Q 2015 Net Profit Up 11.2% to $19M, Lifted by FPSO Segment
Wednesday, May 27, 2015 Bumi Armada posts an 11.2 percent increase in net profit for first quarter 2015 to $18.5 million, with gains due mainly to contributions from its floating production business.
Providence Resources Reports $12 Million Loss in 2014
Wednesday, May 27, 2015 Providence Resources reports a loss of $12.4 million dollars in its preliminary results for the year ended December 31, 2014.
ONGC Videsh's FY 2015 Net Profit Falls 57% Due Mainly to Lower Oil Prices
Tuesday, May 26, 2015 ONGC Videsh recorded a 57.16 percent decline in net profit for financial year 2015 that ended March 31 due mainly to lower oil prices.
Malaysia's Petronas Posts 39% Drop in 1Q Profit on Global Oil Slump
Friday, May 22, 2015 Malaysia's Petronas reports a 39-percent drop in quarterly net profit due to lower oil prices.
Eland Sees Reduced Loss
Friday, May 22, 2015 Eland Oil & Gas reveals a $16-million loss in its full-year results for 2014, which compares favorably to a loss of $26 million in 2013.
Gazprom Neft Reveals Production Increase in Q1 Results
Tuesday, May 19, 2015 Gazprom Neft announces a 15.8 percent year on year increase in hydrocarbon production volumes as part of its financial results for Q1.
Tethys Sees Lower 1Q Revenues, Boosts Production
Monday, May 18, 2015 Tethys Petroleum see revenues fall as its boosts production by nine percent during the first quarter of 2015.
Sanchez Production Partners Announces Q1 Performance
Friday, May 15, 2015 US-based energy partnership Sanchez Production Partners announces its first quarter performance for 2015.
EnQuest Reports 'Strong Operational Performance'
Friday, May 15, 2015 EnQuest sees a 'strong operational performance' during the first quarter, with production up 20.2 percent at 30,768 barrels per day.
Caza Oil & Gas Reveals Q1 Results
Friday, May 15, 2015 Energy firm Caza Oil & Gas announces unaudited financial and operational results for the first quarter of 2015.
KrisEnergy Says First Oil from Wassana, Nong Yao Fields Likely in 2H 2015
Thursday, May 14, 2015 KrisEnergy says the Wassana and Nong Yao oil fields in the Gulf of Thailand are scheduled to commence production in the second half of this year.
Savannah Petroleum Finds 14 Drill-Ready Exploration Sites in Niger
Thursday, May 14, 2015 Savannah Petroleum finds 14 drill-ready exploration sites with prospective oil resources of 215 million barrels in Niger.
Vedanta Resources Takes $4.5B Writedown as Oil Drags
Thursday, May 14, 2015 Vedanta Resources posts a full-year loss after a sharp drop in crude prices caused a $4.5-billion write down related to the firm's Indian oil and gas business.
Swiber's 1Q 2015 Revenue Falls to $164.9M, Down 17.3% YOY
Thursday, May 14, 2015 Swiber's revenue falls 17.3 percent in the first quarter of 2015 to $164.9 million, down from $199.5 million a year ago, while net profit slips to $$70,000 from $52.8 million.
Ithaca Issues Positive 1Q Results Update
Thursday, May 14, 2015 UK North Sea-focused Ithaca enjoys a positive first quarter, generating strong cash flow ahead of the start-up of its Stella field next year.
Premier Posts Positive Trading, Operations Updates
Wednesday, May 13, 2015 The UK's Premier Oil announces positive trading and operations updates
Maersk Beats Forecasts, Loses Shipping Market Share
Wednesday, May 13, 2015 Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said AP Moller-Maersk's forecast-beating results had been helped by one-offs.
Cape Order Intake Falls on Contract Delays, Project Deferrals
Tuesday, May 12, 2015 Energy services provider Cape says orders during its first quarter fell, hurt by delays in key contracts and project deferrals.
YPF Profit Fell After Argentina Ordered Gasoline Price Cuts
Friday, May 08, 2015 YPF SA says first-quarter profit fell 26% after the government cut gasoline prices amid a global energy slump.
Argentina's YPF Reports Higher Than Expected Net 1Q Profit
Thursday, May 07, 2015 YPF posts better than expected 1Q profit but earnings were still down 24.3% on the year due to the global slide in oil prices.
Repsol's Profit Jumps but Underlying Trends Disappoint
Thursday, May 07, 2015 Spain's Repsol sees a 74-percent in its first quarter net profit but its operating performance falls below analysts' expectations.
SBM Offshore Announces Further Job Cuts, Revenue In Line
Thursday, May 07, 2015 SBM Offshore says it is cutting 300 jobs in addition to the 1,200 redundancies it announced last year, saying the low oil price had led clients to postpone investment decisions.
Canadian Natural Says Will Work With New Alberta Government
Thursday, May 07, 2015 Canadian Natural Resources says it swung to a loss in the first quarter due to sharply lower oil prices even as production rose by nearly a third.
Apache Posts Quarterly Loss, Readying For Rebound
Thursday, May 07, 2015 Apache reports a quarterly loss as low commodity prices took a toll, but a recent rally in crude has the US oil and gas company preparing for a rebound.
|Brent Crude Oil :||$62.07/BBL||0.09%|
|Light Crude Oil :||$56.93/BBL||0.05%|
|Natural Gas :||$2.82/MMBtu||1.43%|
|Updated in last 24 hours|