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Europa to Implement Cost Saving Initiatives in 2016
Monday, October 05, 2015 Europa Oil & Gas will "implement cost saving initiatives" across its whole business in 2016, following a $4.56 million gross loss for the year ended July 31.

Thai PTT Expects Lower Consolidated Revenue This Year
Thursday, October 01, 2015 PTT, Thailand's top energy firm, says it expected consolidated revenue this year to be lower than last year's $77.88 billion due to falling oil prices and accounting standard adjustments.

Range Warns of Further Streamlining
Wednesday, September 30, 2015 Range Resources reveals that it will continue to reduce its general and administrative costs and streamline its operations in the near future.

Providence Resources Remains Optimistic about Irish Oil and Gas
Tuesday, September 29, 2015 Providence Resources says it remains well placed to deliver its plans and that it continues to be optimistic about the Irish oil and gas sector.

Volga Gas Posts $1.2M Operating Loss
Friday, September 25, 2015 Volga Gas posts an operating loss of $1.23 million in the first half of 2015, compared to an operating profit of $8.49 million during the same period last year.

Hurricane Reveals Reduced YOY Operating Loss
Wednesday, September 23, 2015 Hurricane Energy reveals an operating loss of $4.7 million for the first half of 2015, which marks an improvement on the company's operating loss of $7.5 million during the same period last year.

Faroe Petroleum: Operating Profit, Production Increase
Tuesday, September 22, 2015 Faroe Petroleum increases production and turns operating loss to operating profit in the first half of 2015.

SapuraKencana Posts $28M Net Profit in 2Q FY16, Down 61% from 1Q FY16
Tuesday, September 15, 2015 SapuraKencana Petroleum's revenue rises 22.9 percent gain in the second quarter that ended July 31 to $762 million, but profit after tax falls 61.1 percent to $28 million due to provision for impairment of its oil and gas assets.

Rockhopper 'Well Placed' to Take Advantage of Low Oil Price
Tuesday, September 15, 2015 Rockhopper Exploration says that increased production from its Italian assets, recent acquisitions in Egypt and a strong balance sheet mean it is well placed in the low-oil price environment.

Azeri Energy Firm SOCAR Says Revenues Halved in 2015 Due to Weak Oil Price
Monday, September 14, 2015 Azerbaijan's state oil firm SOCAR says its revenues have halved this year due to the low oil price.

Genel Energy Receives $16.5M from KRG
Tuesday, September 08, 2015 Genel Energy receives $16.5 million from the Kurdistan Regional Government for oil exported through the Kurdistan Region of Iraq-Turkey pipeline.

PGS Cold-Stacks another Vessel to Reduce Costs
Wednesday, September 02, 2015 PGS will cold-stack the Ramform Viking vessel, after it completes a multiclient project offshore East Newfoundland in October 2015, In order to reduce cost and capital expenditure.

Gazprom First-Half Net up 50 Pct, Boosted by Weaker Rouble
Monday, August 31, 2015 Russia's top natural gas producer Gazprom says its net profit rose 50 percent year-on-year to 675.9 billion roubles ($10.5 billion) in the first half of 2015, thanks to increased sales and a weaker rouble.

Russian Oil Firms Raise Profits And Output, Spurred By Rouble Weakness
Friday, August 28, 2015 Russian oil firms are increasing their rouble profits and raising production as a weak currency protects their business, which has turned into one of the world's most profitable.

Lukoil's 2Q Profit Falls
Friday, August 28, 2015 Lukoil's net income of $1.01 billion in the second quarter of 2015 marked a decrease of over 50% compared to the $2.40 billion figure recorded in 2Q 2014.

PetroChina Profit Dives 63% in First Half
Thursday, August 27, 2015 PetroChina reports a 63% drop in its first-half profit, with earnings upstream taking a hit from lower prices.

NZOG Reports Full Year Net Loss of $4M, Eyes Under-Valued Assets
Thursday, August 27, 2015 New Zealand Oil & Gas reports a full year net loss of $4 million as it seeks to acquire under-valued assets.

Profits At Two Chinese Oil Majors Slump On Low Crude Price
Wednesday, August 26, 2015 Two of China's major oil companies say that their profits slumped in the first half of 2015, as a sharp decline in international crude prices hit upstream earnings.

Petrofac Posts Net Loss of $133M in 1H 2015
Tuesday, August 25, 2015 Petrofac reveals a net loss of $133 million for the six month period ended June 30, 2015.

FOGL: $1.95M Loss in 1H 2015, Humpback Well Delay
Tuesday, August 25, 2015 In its 2015 first half results, Falkland Oil and Gas Limited (FOGL) reveals a $1.95 million loss for the six month period ended June 30, 2015 and announces a delay to the Humpback well program.

Australia's AWE Posts Underlying Net Loss After Tax of $37.52M
Monday, August 24, 2015 Australia's AWE posts an underlying net loss of $37.52 million for financial year 2014-2015 ending June 30.

Australia's Santos Posts 82% Fall in 1H 2015 Net Profit to $27M
Friday, August 21, 2015 Santos's first half 2015 net profit fell 82 percent to $27 million, with the decline attributed to lower oil prices and higher exploration expense.

Russia's Eurasia Drilling Says 1H Net Profit Halves
Thursday, August 20, 2015 Russia's Eurasia Drilling reports a halving of its first-half net profit on a weak rouble, low oil prices and lower demand from its chief customer, Lukoil.

Premier Oil Posts Robust First-Half Results
Thursday, August 20, 2015 Results from Premier Oil show it move from a profit to loss but the firm's first-half performance were judged 'solid' by analysts.

Panoro Energy Reports $34.13M Operating Loss
Thursday, August 20, 2015 Panoro Energy announces a $34.13 million operating loss at the EBIT level, during the second quarter of 2015.

Origin Slumps as Oil's Plunge Threatens LNG Project Returns
Thursday, August 20, 2015 Origin Energy heads for its biggest decline in 15 years in Sydney after the utility turned to a full-year loss and said the plunge in oil prices could significantly reduce the contribution from its liquefied natural gas project.

Woodside's 1H 2015 Net Profit After Tax Falls 39% to $679M on Lower Revenue
Wednesday, August 19, 2015 Woodside's net profit after tax falls 39 percent to $679 million in the first half of 2015, with the decline attributed to lower operating revenue.

EnQuest Reports 'Solid' First-Half Results
Wednesday, August 19, 2015 Analysts judge EnQuest's first-half results, which included a 20.2-percent decrease in EBITDA profit, as 'solid' amid the lower oil price.

Wood Group Scores Gabon Deal after Tough First Half
Tuesday, August 18, 2015 Oilfield engineer Wood Group wins a multi-million dollar contract award with Shell in Gabon after announcing reduced revenues and profits for the first half of 2015.

Turnaround at Tethys 'Well Underway'
Monday, August 17, 2015 Tethys says the turnaround at its business is now "well underway" as it reports widening losses.

Swiber's 2Q 2015 Revenue Falls 8.7% to $200.2M on Fewer Contracts
Monday, August 17, 2015 Swiber's revenue for the second quarter of 2015 falls 8.7 percent to $200.2 million on fewer contracts.

Thailand's PTT Net Profit Drops 19% in Second Quarter
Friday, August 14, 2015 Thailand's largest energy firm PTT says its net quarterly profit is down 19 percent compared to a year ago.

Russia's Largest Oil Producer Bucks Global Drilling Slump
Thursday, August 13, 2015 OAO Rosneft, the world's largest traded oil producer, increased drilling by 27% in the first seven months of the year, according to a statement.

UAE's Dana Gas Extends Earnings Slump; 2Q Profit Plunges 85%
Thursday, August 13, 2015 Dana Gas says a sustained slump in oil prices and lower production is to blame as it reports a sharp fall in earnings for a third straight quarter.

India's ONGC 1Q Net Profit Up 14% on Lower Discounts to Refiners
Thursday, August 13, 2015 India's state oil company ONGC reports a 14-percent jump in quarterly net profit.

Kemp: US Shale Firms Slide Deep Into The Red On Low Oil Prices
Wednesday, August 12, 2015 US shale firms report large losses during the second quarter despite cutting costs and increasing output.


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