Results33 articles shown
Wood Group Cuts Workforce by 36% in 2-Year Period
Tuesday, February 21, 2017 John Wood Group plc cuts its workforce by 36% over a 2-year period, the oilfield services company reveals.
UAE's Dana Gas Revises 2016 Results Down To Net Loss Of $88 Million
Monday, February 20, 2017 Dana Gas revised down its unaudited preliminary results for 2016 to a net loss of $88 million, from the net profit of $33 million which it had previously reported.
Cenovus Energy Swings To Profit As Production Rises
Thursday, February 16, 2017 Canadian oil company Cenovus Energy Inc swings to a quarterly profit, as production rises and costs fall.
Encana Boosts Capital Spending By 50% Amid Oil Recovery
Thursday, February 16, 2017 Encana reports a better-than-expected quarterly operating profit, helped by a cash tax recovery.
Origin To Take A$1.9B Charge On LNG, Exploration Assets
Wednesday, February 15, 2017 Origin Energy tweaks up its earnings forecast but warns it will book a $1.45 billion charge in its half-year results.
Devon Energy Beats Profit Estimates As Cost Cuts Pay Off
Tuesday, February 14, 2017 Devon Energy reports a bigger-than-expected quarterly profit, as the US oil producer benefited from its cost-cutting initiatives.
Tullow Falls To Third Annual Loss On More Exploration Write-Offs
Wednesday, February 08, 2017 Tullow Oil misses forecasts to fall to a 3rd consecutive annual loss as it writes off more of its Africa-focused exploration business, sending its shares lower.
A.P. Moller-Maersk Misses Q4 Forecasts As Impairments Weigh
Wednesday, February 08, 2017 A.P. Moller-Maersk missed 4Q profit expectations as the world's largest shipping company pressed on with changes, taking impairments, slashing its dividend and announcing a new chairman.
BP Lifts Break-Even Oil Price After Profit Miss
Tuesday, February 07, 2017 BP raises the oil price at which it can balance its books this year to $60 a barrel, due to higher spending, following a string of investments as annual earnings fell for a second consecutive year.
Diamond Offshore Sees Recovery when Oil "Well Over $60"
Monday, February 06, 2017 Rig contractor Diamond Offshore Drilling Inc's Chief Executive Officer Marc Edwards said oil prices needed to be "well over $60" to spur a recovery in offshore drilling.
Norway's Aker BP Beats Forecast In 4Q Due $114MM One-Off Income
Monday, February 06, 2017 Aker BP posts forecast-beating 4Q earnings due to a one-off $114-million income following a change in the company's pension scheme.
Singapore's Ezra Says May Write Down $170MM In Subsea JV
Friday, February 03, 2017 Ezra Holdings Ltd says it may have to take a $170 million writedown on its subsea services joint venture.
S.Korea's S-Oil Expects Firm Refining Profits In 2017
Thursday, February 02, 2017 South Korea's S-Oil Corp expects healthy refining profits this year, buoyed by growing demand for oil products in places such as China and Southeast Asia.
Shell Outstrips Exxon On Profit, Cashflow Seen Signalling Revival
Thursday, February 02, 2017 Shell made more money than Exxon Mobil in the second half of 2016, despite the Anglo-Dutch oil major's annual profit hitting its lowest level in more than a decade as it grappled with a deep downturn.
ConocoPhillips Loss Smaller Than Expected On Higher Oil Price
Thursday, February 02, 2017 ConocoPhillips reports a smaller-than-expected quarterly loss, helped by higher crude prices and lower costs.
Anadarko Posts Bigger-Than-Expected Quarterly Loss
Tuesday, January 31, 2017 Anadarko reports a bigger-than-expected quarterly loss as cost cuts failed to offset the impact of weak oil prices.
ExxonMobil Profit Miss Shows No One Immune From Market Ravages
Tuesday, January 31, 2017 ExxonMobil's biggest profit miss in at least a decade is the starkest sign yet that major oil explorers remain mired in the deepest market slump in a generation.
Imperial Oil Profit Boosted By Asset-Sale Gain
Tuesday, January 31, 2017 Imperial Oil reported a sharp rise in fourth-quarter profit.
Digital Tech in Oil, Gas Could Reduce CAPEX by 20%
Monday, January 30, 2017 The effective use of digital technologies in the oil and gas sector could reduce capital expenditures (CAPEX) and operational cost by 20 percent and 5 percent, respectively.
Chevron's First Loss in Decades Signals Hard Time for Giants
Friday, January 27, 2017 Chevron posts its first annual loss since at least 1980, signaling the difficulties faced by the world’s biggest oil companies as they struggle to emerge from the worst collapse in a generation.
Baker Hughes Says Only Higher Oil Prices Will Spur International Spending
Thursday, January 26, 2017 Baker Hughes says crude oil prices would need to rise by roughly another 15% to spur producers to spend more on drilling outside North America.
Thai PTTEP Back In Black In 2016, Sees Lower Sales By Volume This Year
Thursday, January 26, 2017 Thailand's largest oil and gas explorer, PTT Exploration and Production Pcl (PTTEP), swings to a net profit in 2016 from a loss a year earlier.
Singapore's Keppel Posts Smallest Annual Profit In A Decade
Thursday, January 26, 2017 Keppel Corp Ltd posts its smallest annual profit in a decade, dented by a lack of orders at its key rig-building business and provisions for impairments.
Shale Frackers' Weak Sales Leave Investors Asking What Growth?
Wednesday, January 25, 2017 Reporting a profit might not be enough for Baker Hughes, after its two larger rivals failed to impress investors with anemic sales growth.
Poland's PKN Sees 2016 Adjusted Operating Profit At PLN 9.4B
Tuesday, January 24, 2017 Poland's biggest refiner, the state-run PKN Orlen, expects to post around 9.4 billion zlotys ($2.31 billion) in 2016 adjusted operating profit.
KRG Delivers Payments to Genel, DNO, Gulf for Tawke, Shaikan Production
Monday, January 23, 2017 Genel Energy plc, DNO ASA and Gulf Keystone Petroleum Ltd all receive payments from the Kurdistan Regional Government.
Schlumberger Expects International Markets Recovery In Late 2017
Friday, January 20, 2017 Schlumberger NV says that it does not expect a "dramatic" short-term recovery in international markets.
Azerbaijan's SOCAR Sees H2 2016 Net Profit At $298 MM
Tuesday, January 17, 2017 Azeri state oil company SOCAR expects net profit of around 550 million manat ($298 million) for the second half of 2016.
Aker BP Positioned for Further Growth
Monday, January 16, 2017 Independent exploration and production company Aker BP ASA is positioned for further growth, according to the firm's CEO, Karl Johnny Hersvik.
Premier Oil Expects Weak Pound To Help Bottom Line
Thursday, January 12, 2017 Premier Oil expects to continue reaping benefits from weak sterling this year, as the depreciating currency has brought down the cost of investments in Britain at a time of low oil prices.
CGG Looks to Achieve Financial Restructuring
Thursday, January 05, 2017 French geophysical services company CGG is looking to commence discussions with stakeholders in order to achieve a financial restructuring.
Encana On Track To Exceed 2017 Budget Plan
Wednesday, January 04, 2017 Encana met its projected 2017 operations activity and rig count in December, building momentum for its five-year plan, CEO Doug Suttles says.
Kuwait Energy Says Signs $100M Financing Facility With Vitol
Wednesday, December 28, 2016 Kuwait Energy said on Wednesday it signed a forward sale agreement with Vitol providing it with a financing facility for up to $100 million.
|Brent Crude Oil :||$55.81/BBL||0.28%|
|Light Crude Oil :||$53.4/BBL||0.07%|
|Natural Gas :||$2.83/MMBtu||0.70%|
|Updated in last 24 hours|