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China's CNOOC Reports Worst Result Since 2011, Forecasts Output Rise
Thursday, March 23, 2017 China's offshore oil and gas producer CNOOC Ltd reports its worst annual result since at least 2011, with revenue from its core oil and gas business tumbling 17% last year.

Enquest Reports Small Rise In Annual Profit Despite Weak Oil Price
Tuesday, March 21, 2017 North Sea-focused oil producer EnQuest reports a small rise in annual core earnings, despite weak oil prices, as it brings down costs and raises production.

UK's Tullow Oil Makes $750MM Cash Call To Reduce Debt
Friday, March 17, 2017 Tullow Oil Plc plans a rights issue to raise about $750 million to cut its $4.8 billion debt burden and make investments in drilling and exploration in Latin America and Africa.

Malaysia's Petronas Warns On 2017 Outlook Despite Swing To 4Q Profit
Tuesday, March 14, 2017 Petronas warns of a cautious outlook for 2017.

Premier Oil Makes Annual Pre-Tax Loss Despite Cost Cuts, Higher Output
Thursday, March 09, 2017 North Sea focused Premier Oil missed analysts' annual profit forecasts as it made its third consecutive annual loss before tax despite a heavy squeeze in costs and higher production.

Poland's PGNiG Says 2016 Net Profit Rises 10%
Wednesday, March 08, 2017 Polish gas company PGNiG says that higher gas sales boosted its 2016 net profit by about 10% to 2.35 billion zlotys ($577 million).

Russia's Gazprom Says Credit Agricole CIB To Give It $739 MM Loan
Tuesday, March 07, 2017 Russian gas producer Gazprom says French Credit Agricole CIB has agreed to give it a loan of 700 million euros ($739.8 million) for 5 years.

Colombia's Ecopetrol Reports $525.6MM Profit In 2016
Monday, March 06, 2017 Colombia's state-controlled oil producer Ecopetrol reports a net profit of $525.6 million during 2016.

Canadian Natural Resources' Profit Jumps On Higher Sales Volume, Prices
Thursday, March 02, 2017 Canadian Natural Resources Ltd says its 4Q profit rose more than fourfold, helped by higher sales volumes and realized prices from North America.

Eni Beats Q4 Expectations With First Profit In 18 Months
Wednesday, March 01, 2017 Eni beats expectations with its first quarterly profit in 18 months, helped by lower spending and higher oil prices.

MOL Group: 2016 was Year of Great Achievements, Important Milestones
Tuesday, February 28, 2017 Hungary-headquartered MOL Group had a year of great achievements and important milestones in 2016, according to the company's Chairman-CEO Zsolt Hernadi.

Rig Firm Seadrill Says May File For Chapter 11 Bankruptcy
Tuesday, February 28, 2017 Rig firm Seadrill says it may have to file for Chapter 11 bankruptcy protection if it fails to reach a restructuring agreement with lenders.

Chesapeake Energy Posts Smaller Quarterly Loss
Thursday, February 23, 2017 Chesapeake posts a smaller fourth-quarter loss than a year earlier, when it took huge charges to write down the value of some oil and gas assets.

Spain's Repsol Aims To Cut Debt By A Further 16% In 2017
Thursday, February 23, 2017 Repsol says it would keep its dividend and investment spending stable in 2017 and pursue cost cuts to reduce debt by a further 16% this year.

Petrofac Makes 29% Headcount Reduction, Revenue Hits $7.8B
Wednesday, February 22, 2017 Petrofac makes a headcount reduction of 29% to around 13,500 employees, the oilfield services firm reveals in its final results for 2016.

Galp Cuts Investment Plan, Sees Higher EBITDA Growth
Tuesday, February 21, 2017 Galp Energia cuts its spending target for the next 5 years by around 20% and trims its output growth forecast.

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.

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.

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.

Imperial Oil Profit Boosted By Asset-Sale Gain
Tuesday, January 31, 2017 Imperial Oil reported a sharp rise in fourth-quarter profit.

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.

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.

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.

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.

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.

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.


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