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Anadarko's Loss Smaller Than Expected as Cost Cuts Help
Wednesday, July 27, 2016 Oil and gas producer Anadarko Petroleum Corp reported a smaller-than-expected quarterly loss as it cut costs to counter a prolonged slump in crude prices.

Whiting Petroleum Loss More Than Doubles
Wednesday, July 27, 2016 Whiting Petroleum Corp, North Dakota's largest oil producer, posted a worse-than-expected quarterly loss as production fell and crude prices dropped.

Fracker Pioneer Posts Wider Second-Quarter Loss on Derivatives
Wednesday, July 27, 2016 U.S. oil producer Pioneer Natural Resources Co posted a second-quarter net loss that widened from a year earlier on $229 million in losses on derivatives it uses to insulate its revenues from volatile oil prices.

Oil Producer Hess Reports Smaller Loss, Cuts Budget
Wednesday, July 27, 2016 U.S. oil producer Hess Corp reports a smaller-than-expected quarterly loss, helped by its efforts to keep costs low, and the company further cut its exploration and production budget for the year.

Statoil Second Quarter Lags Forecasts, Cuts 2016 Capex Outlook
Wednesday, July 27, 2016 Norway's Statoil cuts its 2016 capital spending guidance as it posts earnings well below forecasts.

Tullow Returns to Profit as Cost Cuts, Hedging Pay Off
Wednesday, July 27, 2016 Africa-focused Tullow Oil returns to profit in the first half of the year despite weaker oil prices and lower production.

BP Draws Line under Deepwater Horizon Liabilities
Tuesday, July 26, 2016 BP draws a line under its Deepwater Horizon liabilities, with a final estimate of $61.6 billion, as the firm targets growth with a new wave of upstream major project start-ups.

Husky Energy Posts Loss as Production Falls
Friday, July 22, 2016 Canada's Husky Energy reports a second-quarter loss as production falls due to planned maintenance and the Fort McMurray wildfire in Alberta.

Australia's Santos Post 2Q 2016 Sales Revenue of $590M, Down 3% YOY
Friday, July 22, 2016 Australia's Santos sales revenue fell to $590 million in the second half of 2016, down 3 percent from last year's $611 million.

Precision Drilling Posts Bigger Loss, Hurt by Weak Activity
Thursday, July 21, 2016 Canadian rig contractor Precision Drilling Corporation posts a larger quarterly loss amid the lowest drilling activity in decades.

Canada's Encana Posts Smaller Loss, Raises 2016 Capital Spend Plan
Thursday, July 21, 2016 Canadian oil and gas producer Encana Corporation reports a smaller quarterly loss thanks to its ongoing cost-cutting drive.

Woodside Q2 Revenue Falls 8% On Weaker Oil Prices
Thursday, July 21, 2016 Woodside reported a 10 percent rise in oil and gas output in the June quarter, while revenue fell 8 percent due to weaker oil prices, but says it expects third quarter revenue to improve.

Halliburton Posts Loss Hurt by Baker Hughes Deal Termination Fee
Wednesday, July 20, 2016 The world's number two oilfield services firm, Halliburton, posts a quarterly loss due to the $3.5-billion fee it paid for terminating a deal to buy rival Baker Hughes.

Lundin's Profitability Affected by FX Loss, Financing Fees
Wednesday, July 20, 2016 Sweden's Lundin Petroleum says profitability during the second quarter will be adversely affected by a net foreign exchange loss of $64 million and financing fees of $22 million.

Reliance's Upstream Revenue in 1Q FY17 Declines 34.8% YOY to $200M
Monday, July 18, 2016 Reliance's upstream oil and gas business posts a revenue of $200 million in the first quarter of financial year 2017, down 34.8 percent from $240 million from a year ago.

EMAS Offshore Posts 3Q FY16 Net Loss of $23M, Revenue Down 41% to $35M
Friday, July 15, 2016 EMAS Offshore posts net loss of $23.2 million in third quarter of financial year 2016, while revenue fell 41 percent to $35.1 million amid continued weakness in the offshore services sector.

India's Reliance 1Q Net Profit Up 18%, Beats Estimates
Friday, July 15, 2016 India's oil-to-telecoms conglomerate Reliance Industries reports a better-than-expected 18-percent increase in first quarter profit.

KazMunayGaz Raises Offer Price For Shares In London-Listed Kazmunaigas
Wednesday, July 13, 2016 Kazakh national oil company KazMunayGaz increases the offer price for shares in London-listed Kazmunaigas Exploration and Production by 14% as part of a move to tighten control over its upstream subsidiary.

TRIYARDS' 3Q 2016 Net Profit Declines 24% YOY to $4.12M
Friday, July 08, 2016 Singapore's TRIYARDS Holdings posts a net profit of $4.12 million for third quarter 2016 ending May 31, down 24 percent from a year ago.

Savannah Petroleum Expects to Raise Funds to Help Niger Exploration
Friday, July 08, 2016 Savannah Petroleum is expecting to raise around $40 million through placing and subscription activities, which will be used to fund its activities in Niger.

Poland's PGNiG Says Q2 EBIT Hit By Impairments
Thursday, July 07, 2016 Poland's dominant gas firm PGNiG books impairments which diminish its operating profit by $156 million in the second quarter of 2016.

Tullow Announces $300M Bond Offer
Wednesday, July 06, 2016 Tullow Oil plc announces the launch of an offering of $300 million of convertible bonds, due 2021, which will be used to fund capital investment in the group's assets in West and East Africa.

Azerbaijan's SOCAR Reports $1.15B Net Loss For 2015
Friday, July 01, 2016 Azeri state energy company SOCAR reports a $1.15 billion (1.785 billion manat) net loss for 2015, compared to a 1.274 billion manat net profit a year earlier, the company said on Friday.

Russia's Russneft Plans to Raise $500M In November IPO
Friday, July 01, 2016 Russian oil company Russneft plans to hold an IPO on the Moscow Exchange in November, aiming to raise $500 million for 10 percent of its shares.

Sinopec Subsidiaries Inflated 2014 Revenue By $3.04B
Thursday, June 30, 2016 Subsidiaries of China's second-largest energy company Sinopec inflate their 2014 revenue by $3.04 billion, according to a report published by China's auditing department.

SapuraKencana Secures $125M of Drilling, Engineering & Construction Deals
Tuesday, June 28, 2016 SapuraKencana Petroleum secures $125 million of drilling as well as engineering and construction contracts and contract extensions in Malaysia, Australia and Trinidad and Tobagao.

IGas In Discussions with Investors to Strengthen Balance Sheet
Tuesday, June 14, 2016 Onshore UK hydrocarbon producer, IGas, is in discussions with "a number" of potential investors in a bid to strengthen its balance sheet.

Nostra Terra Cuts Costs by 40% In Response to Market Downturn
Friday, June 10, 2016 Nostra Terra Oil and Gas Company plc achieves a 40% year on year reduction in combined running costs, in response to the market downturn.

Russia's Rosneft Says Q1 Net Profit Down 75%, Misses Estimates
Wednesday, June 08, 2016 Rosneft's first-quarter net profit declined by 75% year-on-year, to $216.8 million, following a drop in global oil prices.

Russia's Lukoil Says Q1 Net Profit Down 59%, Misses Forecast
Monday, June 06, 2016 Lukoil's first-quarter net income fell by 59 percent year-on-year to $651.3 million, due to a drop in oil prices.

Russia's Transneft Says Q1 Net Profit Rises To 75.6B Roubles
Friday, June 03, 2016 First-quarter net profit of Russia's oil pipeline monopoly Transneft increases 19% year-on-year to $1.1 billion.

DNO Confirms KRG Payment for Tawke Deliveries
Wednesday, June 01, 2016 DNO ASA confirms the receipt of $16.3 million from the Kurdistan Regional Government as a second payment towards April crude oil deliveries to the export market from the Tawke field.

Malaysia's Bumi Armada 1Q 2016 Net Profit Down 67.5% YOY to $5.7M
Tuesday, May 31, 2016 Malaysia's Bumi Armada posts a net profit of $5.66 million in the first quarter of 2016, down 67.5 percent from $17.42 million in the previous year, while revenue fell 24.7 percent to $104.26 million.

Genel Receives KRI Payment
Tuesday, May 31, 2016 Genel Energy plc reveals that the Taq Taq field partners have received a payment of $11.45 million from the Kurdistan Regional Government for oil sales during April 2016.

Russia's Gazprom Sees Revenue At $28B In 2016
Tuesday, May 31, 2016 Gazprom expects revenues to be at around $28 billion this year if the rouble rate averages 65 per U.S. dollar, says deputy chief executive Alexander Medvedev.


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