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Malaysia's UMW O&G Incurs a Loss Before Tax of $16.6M in 1Q 2016
Tuesday, May 24, 2016 UMW Oil & Gas incurs a loss before tax of $16.64 million in the first quarter of 2016, down from a profit before tax of $10.33 million in the previous year.

SDX Raises Funds to Support Egypt Operations
Monday, May 23, 2016 SDX Energy Inc raises approximately $11 million through a private placement, which will be used to fund its activities in Egypt.

Russia's TMK Sees Flat Core Earnings In 2016
Thursday, May 19, 2016 TMK, Russia's largest maker of steel pipes for the oil and gas industry, expects its 2016 core earnings to be flat compared with last year.

PETRONAS' 1Q 2016 Profit After Tax Falls 60% YOY to $1.1B
Thursday, May 19, 2016 Malaysian national oil company PETRONAS posts $1.1 billion in profit after tax for first quarter 2016, down 60 percent from $2.8 billion recorded in the same period last year.

Ithaca Energy Turns Loss to Profit in 1Q, Maintains Capex
Monday, May 16, 2016 Ithaca Energy turned loss to profit in the first quarter of 2016, maintaining its capital expenditure of $50 million for the year in the process.

Petrobras Vows To 'Cut Cholesterol' After Third Quarterly Loss
Friday, May 13, 2016 Brazil's state-controlled oil company Petrobras is advancing asset sales to reduce the biggest debt load in the oil industry after three quarters of straight losses.

Wentworth Reduces Net Loss in 1Q, Delivers 'Encouraging' Output
Thursday, May 12, 2016 Wentworth Resources Limited reduces its net loss during 1Q 2016, compared to 1Q 2015, achieving an average gross daily production of 48 million cubic feet of gas per day in the process.

Lundin Petroleum Q1 Beats Forecast, Raises Sverdrup Capacity Estimate
Wednesday, May 11, 2016 Lundin Petroleum raises output estimates for the first phase of the giant Johan Sverdrup field as it beats 1Q core earnings expectations.

OMV Q1 Adjusted Operating Profit Falls By Half
Wednesday, May 11, 2016 OMV's adjusted operating profit in Q1 fell 50% to $190 million as low oil prices keep gnawing at its upstream profit.

Oilfield Services Provider Wood Group Forecasts Lower FY Earnings
Wednesday, May 11, 2016 Oilfield services provider John Wood Group Plc warns that full-year core earnings will be about 20% lower than the last year, as it sees further margin pressure due to lower activity by customers.

UAE's Taqa Posts Q1 Loss On Low Oil Prices
Wednesday, May 11, 2016 Abu Dhabi National Energy Co (TAQA) reports a Q1 net loss, hurt by low oil prices.

Vallianz Posts $5.5M Net Profit in 1Q 2016, Wins $63M OSV Deal from ME NOC
Tuesday, May 10, 2016 Vallianz Holdings posts a net profit of $5.5 million in the first quarter of 2016, little changed from last year, while securing a $63 million contract to supply two offshore support vessels to a Middle East national oil company.

ExxonMobil Profit Beats Expectations On Big Cost Cuts
Friday, April 29, 2016 ExxonMobil reports a higher-than-expected 1Q profit as it slashes costs to offset plunging crude prices and weak refining margins.

Eni Swings To Net Loss But Operating Profit Beats Expectations
Friday, April 29, 2016 Eni beats operating profit expectations in 1Q despite swinging to a net loss because of weak oil prices and a charge on its Saipem holding.

Eland to Raise Funds for Gbetiokun-1 Well in Nigeria
Friday, April 29, 2016 Eland Oil & Gas plc aims to raise approximately $15 million through a placing of its shares in order to fund operations at the Gbetiokun-1 well in Nigeria.

Oil Firm Det Norske Repeats 2016 Guidance, 1Q In Line
Friday, April 29, 2016 Det norske reports 1Q operating earnings in line with expectations and repeats its outlook guidance for 2016.

CNOOC's 1Q 2016 Revenue Falls to $3.8B, Down 30.7% YOY
Friday, April 29, 2016 CNOOC's revenue falls to $3.8 billion in the first quarter of 2016, down 30.7 percent from last year as low oil prices continue to weigh on the firm's turnover.

Oil Service Firm Aker Solutions Says Market Uncertainty Persists
Thursday, April 28, 2016 Aker Solutions posts 1Q earnings in line with expectations and says outlook for its core Norwegian market still looks subdued this year amid the lower crude prices.

China's Biggest Oil Company Posts 52% Decline In 2015 Profit
Thursday, April 28, 2016 China National Petroleum Corp., the country's biggest oil and gas producer and the parent of PetroChina, says profit fell 52 percent as lower oil prices punished global explorers.

Sembcorp Marine's 1Q 2016 Net Profit Falls 48% YOY to $41M
Thursday, April 28, 2016 Sembcorp Marine's net profit falls 48 percent in the first quarter of 2016 to $41 million, compared to $79 million a year ago amid lower revenue from rig construction.

Tullow Oil Cuts Deeper As Banks Agree To Amend Loan Terms
Thursday, April 28, 2016 Tullow Oil reduces its annual capital expenditure budget by another $100 million to $1 billion and may cut spending further as it adjusts its balance sheet to weak oil prices.

Technip Q1 Better-Than-Expected Thanks To Record Vessel Use
Thursday, April 28, 2016 Technip reports a smaller-than-expected drop in quarterly revenue, as a strong backlog of projects meant its vessel use rate was at a record high despite the slump in the oil and gas sector.

European Energy Giants Post Profits in 1Q 2016
Wednesday, April 27, 2016 Statoil and Total both post profits in 1Q 2016, despite continued low oil prices.

Noble Profit Plunges As Low Oil Prices Hit Rig Demand
Wednesday, April 27, 2016 Noble's quarterly profit plunged 41%, coming slightly below analysts' expectations, hurt by lower demand for rigs as oil prices hover around decade lows.

Cenovus Energy Cuts 2016 Budget, Loss Narrows On Forex Gain
Wednesday, April 27, 2016 Cenovus Energy Inc reports a smaller quarterly loss, helped by foreign exchange gains, and says it will cut its 2016 capital budget to help cope with a prolonged slump in oil prices.

HHI Posts $283M in Operating Income in 1Q 2016, Ends 9 Quarters of Losses
Tuesday, April 26, 2016 Hyundai Heavy Industries' operating income rose to $283 million in the first quarter of 2016, ending 9 consecutive quarters of losses.

BP Reduces Losses, Prepares to Cut CAPEX
Tuesday, April 26, 2016 BP plc reveals that its losses before interest and tax reduced to $1.2 billion in 1Q 2016, from $2.2 billion in 4Q 2015, and states that it is prepared to further cut its capital expenditure.

Contract Driller Nabors Posts Quarterly Loss As Oil Tumbles
Monday, April 25, 2016 Nabors posts a quarterly loss, compared with a year-earlier profit, as oil producers used fewer rigs amid persistently low crude prices.

Pioneer Natural Posts Quarterly Loss, Keeps Budget Plans
Monday, April 25, 2016 Pioneer Natural Resources reports a smaller-than-expected quarterly loss as the company successfully slashes costs to offset a more than 30% drop in the price it received for its crude.

Canada's Precision Drilling Posts Quarterly Loss
Monday, April 25, 2016 Canadian rig contractor Precision Drilling Corp posts a first-quarter loss, compared with a profit a year earlier, hurt by lower demand for rigs amid a prolonged slump in oil prices.

Halliburton Says It Cut 6,000 Jobs In 1Q, Delays Earnings Call
Friday, April 22, 2016 Halliburton says it cut more than 6,000 jobs in the 1Q, during which revenue slumped 40.4% and it took a $2.1B restructuring charge mainly for asset write-offs and severance costs.

Lundin Petroleum Reveals Pre-Tax Exploration Costs for 1Q 2016
Friday, April 22, 2016 Lundin will incur pre-tax exploration costs of approximately $71 million in the first quarter of 2016, according to the company's latest financial update.

Santos Quarterly Revenue Steady As LNG Output Ramps Up
Friday, April 22, 2016 Santos reports a 1% rise in 1Q revenue as it stepped up coal seam gas sales to its Gladstone LNG plant, offsetting a collapse in oil and gas prices.

Woodside's 1Q 2016 Sales Revenue Down 30.3% to $982M
Wednesday, April 20, 2016 Woodside posts a 30.3 percent decline in sales revenue for the first quarter of 2016 to $982 million, with the fall due largely to low oil and gas prices.

Keppel O&M's 1Q 2016 Net Profit Falls 53% to $70.7M, Revenue Down 58%
Tuesday, April 19, 2016 Keppel Offshore & Marine's net profit falls 53 percent to $70.7 million in first quarter 2016, while revenue is 58 percent lower at $608.7 million.

Ezra Posts 1H16 Net Loss of $336M, Compared to $65M Net Profit Last Year
Friday, April 15, 2016 Ezra incurs a net loss of $336.4 million for first half 2016 that ended Feb. 29, compared to a net profit of $65.3 million a year ago.

Genel, DNO, Gulf Keystone Receive KRG Payments
Tuesday, April 12, 2016 Genel Energy plc, DNO ASA and Gulf Keystone Petroleum Ltd receive payments from the Kurdistan Regional Government for crude oil exports in March from the Kurdistan Region of Iraq.

TGS Expects Further Revenue Decline
Friday, April 08, 2016 TGS expects net revenues for the first quarter of 2016 to be approximately $64 million, based on preliminary reporting from operating units.

Wintershall Sees Fall in Sales, Earnings in 2016
Thursday, April 07, 2016 Wintershall expects lower sales and earnings in 2016 after being hit in 2015 by a sharp oil price decline that squeezed revenues in its exploration business.

TRIYARDS' 2Q FY16 Net Profit Up 4% YOY to $5.3M, Clinches $17.8M New Orders
Thursday, April 07, 2016 TRIYARDS posts second quarter net profit of $5.3 million, up 4 percent from a year ago, while clinching new vessel orders worth $17.8 million.

Russian Producer Lukoil's 2015 Profit Falls 26% On Oil Price Plunge
Monday, April 04, 2016 Lukoil's 2015 net income under International Financial Reporting Standards declined by 26% to $4.3 billion as spendings grew

Rosneft's 2015 Net Profit Rises, Debt Falls
Thursday, March 31, 2016 Rosneft reports a 2% rise in 2015 net profit to $5.2 billion and a sharp fall in debt.

Abu Dhabi's TAQA Slashes 2016 CAPEX Target Despite Narrower 4Q Loss
Thursday, March 31, 2016 Abu Dhabi National Energy Co. (TAQA) slashes its proposed capital expenditure for 2016 despite reporting a narrower fourth-quarter loss, as the company is impacted by lower oil prices.

China Oil Giants Take Spending Cuts Deeper as Profits Shrink
Wednesday, March 30, 2016 After chopping spending by almost one-third to cope with a crash in oil prices and billions in writedowns that sent profits to the weakest since last decade, China's energy giants are cutting even deeper.

Malaysia's SapuraKencana Petroleum Incurs Loss of $196M in PAT for FY16
Monday, March 28, 2016 Malaysia's SapuraKencana Petroleum incurs a loss of $196 million in profit after tax for financial year that ended Jan. 31, compared to a gain of $355 million in the previous year.


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