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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Russia's Gazprom 1Q Net Profit Up 71% to 382.1B Roubles
Monday, August 10, 2015 Gazprom, Russia's largest gas producer, posts a 71-percent increase in its first quarter net profit to $5.91 billion.
RH Petrogas Updates on Drilling at Fuyu 1 Block in China's Songliao Basin
Thursday, August 06, 2015 RH Petrogas provides an update on drilling at Fuyu 1 Block in China's Songliao Basin, while reporting a net loss of more than $2 million in the second quarter of 2015.
EOG Profit Beats Street As Cost Cuts Offset Drop In Oil Prices
Thursday, August 06, 2015 EOG Resources reports a better-than-expected adjusted quarterly profit as it successfully slashes well and transportation costs to offset plunging crude prices.
Apache Reports $5.6B Loss, Hurt By Oil-Price Slump
Thursday, August 06, 2015 Apache reports a nearly $6 billion quarterly loss as a slump in oil prices led the US energy company to write down the value of some assets.
SeaBird Exploration to Stack Munin Explorer Vessel
Thursday, August 06, 2015 SeaBird Exploration announces that it will stack the Munin Explorer vessel this month, following its completion of a charter contract with SeaBed Geosolutions.
MOL Achieves Best-Ever Quarterly Result
Wednesday, August 05, 2015 Hungary's MOL Group achieves its best-ever quarterly result thanks to a strong contribution from its downstream operations.
Indonesia's Pertamina Crude Oil Output Up 8% in 1H 2015
Wednesday, August 05, 2015 Indonesia's Pertamina recorded an 8 percent increase in crude production to 274,040 barrels per day (bpd) in the first half of 2015, the company says, compared to 253,740 bpd in the first half of last year.
Chesapeake Energy Has Quarterly Loss, Shares Tumble
Wednesday, August 05, 2015 Chesapeake Energy reports a quarterly loss after taking a $5-billion charge on some of its oil and gas assets.
Continental Resources Profit Beats As Cost Cuts Offset Cheap Oil
Wednesday, August 05, 2015 Continental Resources posts a better-than-expected quarterly profit as the company slashed costs to offset plunging crude prices.
SBM Offshore First-Half Beats Forecasts, To Double Annual Savings
Wednesday, August 05, 2015 SBM Offshore reports better than expected first-half profit after slashing costs and said it would double annual savings at a time of low oil prices.
Polarcus 2Q Results: Riding Out the Seismic Storm
Wednesday, August 05, 2015 Seismic survey firm Polarcus reports 2Q results that show lower revenues and profits but it believes it is 'riding out the storm' in the seismic market.
YPF Profit Climbs on Higher Argentine Oil Price, Output Increase
Wednesday, August 05, 2015 YPF posts second-quarter earnings that exceeded expectations as it increased output and sold crude at a premium to international prices.
Devon Quarterly Results Beat Street, Oil Output Up
Tuesday, August 04, 2015 Devon Energy reported quarterly results that topped expectations as it pumped a record amount of US crude oil from shale basins in Texas and costs fell.
Contract Driller Nabors Expects Current-Quarter Results To Fall
Tuesday, August 04, 2015 Nabors forecast a decrease in third-quarter results, saying it expected current depressed market conditions to prevail for an extended period.
Noble Energy Profit Beats Estimates As Production Rises
Monday, August 03, 2015 Noble Energy reports a a better-than-expected quarterly profit as higher production helps offset the impact of a slump in crude prices.
Exxon, Chevron Bracing for Dark Times Ahead as Oil Slump Lingers
Friday, July 31, 2015 ExxonMobil and Chevron, the biggest US energy producers, hunker down for a prolonged stretch of weak prices after posting their worst quarterly performances in several years.
TransCanada Stands By Keystone XL; Profit Beats
Friday, July 31, 2015 TransCanada is still committed to building the Keystone XL pipeline despite stubborn opposition in the US that has thrown the project into regulatory limbo.
Occidental Petroleum Quarterly Profit Drops 85%
Thursday, July 30, 2015 Occidental Petroleum Corporation says its quarterly profit fell 85 percent as crude oil prices plunged from last year's levels.
ConocoPhillips Reports Better-Than-Expected Profit in Oil Crash
Thursday, July 30, 2015 ConocoPhillips reports better-than-expected profit and output while cutting spending plans amid lower oil prices.
Sembcorp Marine's 2Q 2015 Net Profit Falls 17% to $79.6M, Revenue Down 10%
Thursday, July 30, 2015 Sembcorp Marine's second quarter 2015 net profit falls 17 percent to $79.58 million compared to $96.37 million a year ago as low oil prices continue to have an adverse impact.
Technip Swings to Loss As Oil Industry Downturn Lasts
Thursday, July 30, 2015 Technip swings to a loss in the second quarter after Europe's biggest oil-services provider took a writedown amid an industry downturn it expects to last for longer than anticipated.
Hess Has Second-Quarter Loss as Bakken Helps Lift Oil Output
Wednesday, July 29, 2015 Hess reports its second consecutive quarterly loss as higher oil output fails to compensate for lower prices.
Total Sells West of Shetland Assets after Robust 2Q Performance
Wednesday, July 29, 2015 French oil major Total is to sell minority interests in a handful of West of Shetland fields after producing a robust performance during the second quarter of 2015.
Malaysia's MHB Posts $14.2M Net Profit in 1H 2015 on Revenue of $341.9M
Wednesday, July 29, 2015 Malaysia's MHB posts net profit of $14.2 million for first half 2015 on a revenue of $341.9 million amid a challenging business environment in the offshore sector.
Samsung Heavy Reports Quarterly Operating Loss of $1.3B
Wednesday, July 29, 2015 Samsung Heavy Industries Co., South Korea’s third-largest shipbuilder, reports an operating loss of $1.3 billion in the second quarter, far worse than analysts were expecting.
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