News Topics: Earnings Reports
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Precision Drilling's Profit Beats Estimates As Costs Fall
Monday, April 27, 2015 Precision Drilling reports a 76.4% drop in its quarterly profit.
Galp's Upstream Business Hit by Fall in Oil Price
Monday, April 27, 2015 Portugal's Galp Energia reports that first quarter profits in its exploration and production business segment were hit by lower oil prices.
CNOOC Posts 40% Slide In 1Q Revenue As Oil Prices Plunge
Friday, April 24, 2015 China's top offshore oil producer CNOOC posts a 40% fall in 1Q revenue.
Petrobras Takes $17B Charge In Wake Of Scandal, Promises 'Normality'
Thursday, April 23, 2015 Petrobras reports its biggest-ever loss, the result of a $16.8 billion write-down in the wake of a massive corruption scandal.
Dutch Engineer Arcadis Collateral Victim of Brazil Scandals
Thursday, April 23, 2015 Dutch engineer Arcadis sees a sharp drop in revenues from Brazil amid fallout from corruption scandals in the Brazilian oil and gas industry.
Technip Sees Onshore/Offshore Lagging in 2015, Better Subsea
Thursday, April 23, 2015 Technip strikes a less optimistic tone for its onshore/offshore division, as reduced investments by oil company clients continued to hurt, although its subsea division was seen outperforming this year.
Lundin Says 1Q Profitability Affected by Exploration Costs, FX Losses
Wednesday, April 22, 2015 Sweden's Lundin Petroleum says its profitability for the first quarter of 2014 will be adversely affected by exploration costs and a foreign currency exchange loss.
Baker Hughes Expects Falling Rig Count To Weigh On 2Q
Tuesday, April 21, 2015 Baker Hughes says it expects "unfavorable market conditions" to persist in the second quarter as drillers turn off more rigs, intensifying a glut in oilfield services.
Contract Driller Nabors Posts 10.5% Fall In Revenue
Tuesday, April 21, 2015 Nabors' quarterly revenue falls 10.5%, hurt by slower drilling activity in North America, and the company says it cut its workforce by more than 18% since the end of 2014.
BG to Alter Financial Reporting to Reflect Brazil, Australia Growth
Tuesday, April 21, 2015 Gas producer BG Group plans to adjust its financial reporting to better reflect the growing importance of its Brazilian and Australian operations.
Reliance's 4Q FY15 Oil, Gas Revenue Declines 10.2% to $402.8M
Monday, April 20, 2015 Reliance's oil and gas revenue declines 10.2 percent in the fourth quarter of 2015 to $402.08 million, down from $447.68 million a year ago.
Schlumberger Impresses With Cost Cuts, Resilient Margins
Friday, April 17, 2015 Schlumberger reports a smaller-than-expected fall in 1Q margins as it continues to execute tight cost controls to combat a decline in drilling activity.
Keppel O&M Records 1Q 2015 Net Profit of $150.4M, Down 12% YOY
Friday, April 17, 2015 Keppel Offshore & Marine posted a net profit of $150.4 million in the first quarter of 2015, down 12 percent from a year ago.
Woodside's 1Q 2015 Sales Revenue Falls 16%, Hit by Low Oil Prices
Wednesday, April 15, 2015 Woodside's sales revenue falls 15.9% to $1.408 billion in 1Q 2015 despite a 3% rise in sales volume, with the decline attributed to lower oil prices.
Europa 'Poised' for Increased Production
Wednesday, April 15, 2015 Europa Oil & Gas says it is "poised" to see an increase in production, revenue and cash flow in spite of the low oil price.
Ezra's Profit After Tax Falls 79% YOY to $4.7M in 2Q 2015
Wednesday, April 08, 2015 Ezra's profit after tax fell 79 percent in the second quarter of 2015 to $4.7 million compared to a year ago.
KMG EP Proposes Low Dividend as Oil Drops, Parent Eyes Takeover
Wednesday, April 08, 2015 KazMunaiGas Exploration Production proposes a small dividend for 2014 as the firm faces low oil prices.
EMAS Offshore Reports Upbeat Second Quarter
Tuesday, April 07, 2015 A focus on costs helps Singapore-based EMAS Offshore deliver a 143-percent increase in net profit during 2Q 2015.
UAE's TAQA Slashes Capex Plans, Dividend, After Big 4Q Loss
Wednesday, April 01, 2015 Abu Dhabi National Energy Co (TAQA) says it would slash its capital expenditure plans and costs after posting big losses in the fourth quarter on lower oil prices.
Delek Moves to 4Q Loss on One-Off Items, Delays London Listing
Tuesday, March 31, 2015 Israeli energy company Delek Group reports a net loss in the fourth quarter, weighed down by one-time capital losses and writedowns from the divestment of assets.
Seplat Says 2014 Profit Fell 54% as Oil Prices Plunged
Thursday, March 26, 2015 Nigeria's Seplat says its 2014 pre-tax profit dropped 54 percent as the price of crude oil plunged.
SapuraKencana's FY2015 Net Profit Up 32% to $382M, Boosted by Upstream Ops
Tuesday, March 24, 2015 SapuraKencana's net profit rises 32 percent in financial year 2015 to $381.8 million, boosted by income from upstream operations.
Sinopec's Operating Revenue Falls to $36.64B Despite Higher Production
Monday, March 23, 2015 Sinopec's exploration and production business posts a 6% fall in operating revenue in 2014 to $36.64 billion despite production rising 8.44% to 480.22 million barrels of oil equivalent.
EnQuest Says To Increase North Sea Investments After Tax Cuts
Thursday, March 19, 2015 EnQuest says it will be able to invest more money in some of its North Sea oil fields after Britain announced cuts to oil and gas taxes.
Ophir Returns to Profit and Cuts Spending
Thursday, March 19, 2015 Oil explorer Ophir Energy, which completed the acquisition of rival Salamander Energy this month, returned to profit last year and says it would cut spending by $250 million over two years to deal with low oil prices.
UK Engineer Smiths Warns of Hit from Weak Oil Price
Wednesday, March 18, 2015 UK engineer Smiths Group reports a five-percent fall in first-half operating profit and warns that trading in its John Crane unit may be hurt in as oil and gas customers cut spending.
Oil producer Soco Profits Halve, Shares Tumble
Thursday, March 12, 2015 Oil producer Soco International reports a 54 percent decline in annual profit after being hit by the slump in oil prices.
Spanish Point Appraisal Well Deferred
Tuesday, March 10, 2015 Cairn Energy reveals in its results statement for 2014 that an exploration/appraisal well planned near the Spanish Point discovery offshore Ireland will be deferred.
Canadian Natural Keeps 2015 Spin-Off Plan As 4Q Profit Jumps
Thursday, March 05, 2015 Canadian Natural Resources expects to spin off its Western Canada royalty lands this year as it reported unexpectedly strong 4Q results and boosted its dividend.
Genel Expects Regular Payments from Iraqi Kurdistan During 2015
Thursday, March 05, 2015 Genel Energy, still owed $233 million for oil it has sold so far to the Kurdistan Regional Government, expects regular payments from the KRG during 2015.
Subsea 7 Axes Dividend, Sees Lower 2015 Earnings
Wednesday, March 04, 2015 Oilfield services firm Subsea 7 swings to a surprise fourth-quarter operating loss due to a decline in sales and profit margins in difficult market conditions.
Russia's Lukoil Says 2014 Net Income Down 39%, Misses Forecast
Tuesday, March 03, 2015 Russia's second-largest oil producer Lukoil reveals that its net income fell 39 percent last year due to weaker oil prices.
Nabors Swings To Loss In 4Q As Drilling Activity Slows
Tuesday, March 03, 2015 Nabors swung to a quarterly loss, hurt by a fall in drilling activity amid a slump in global crude prices.
Russia's Gazprom Neft Says 2014 Net Profit Down 32%
Monday, March 02, 2015 Gazprom Neft sees its net profit decline 32 percent to $2 billion due to a weaker rouble.
Driller Rowan Writes Down Assets By $438.4M In 4Q
Friday, February 27, 2015 Rowan writes down the value of 12 of its oldest jackups by $438.4M, joining rival Transocean Ltd in recording big asset impairment charges.
Malaysia's Petronas Posts $2B Quarterly Loss, Cuts Spending On Oil Slump
Friday, February 27, 2015 Petronas reports a $2B quarterly loss and says it plans a cut in spending over the next two years due to the slump in global oil prices.
Russia's Novatek Says Weaker Rouble Slashes 2014 Profit
Friday, February 27, 2015 Novatek's 2014 net income more than halves due to a weaker rouble.