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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.

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.

World's Top 3 Shipbuilders Post Record Loss on Deep-Sea Failures
Wednesday, July 29, 2015 The world's three biggest shipbuilders posted a combined $4.1B in operating losses in the second quarter, paying the price for a failed foray into deep-sea oil rigs.

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.

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.

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.

BP Misses 2nd Quarter Profit Forecast on Spill Charge
Tuesday, July 28, 2015 BP misses 2Q 2015 profit expectations due to a $9.8 billion pre-tax charge related to the 2010 Macondo oil spill.

Anadarko Petroleum Quarterly Profit Lower, Beats Street
Tuesday, July 28, 2015 Anadarko reports a drop in profit, but results topped Wall Street expectations as the oil and natural gas company improved drilling practices and produced more crude than expected.

Oil Contractor Saipem Slashes Guidance And Jobs In Turnaround Plan
Tuesday, July 28, 2015 Saipem slashes its guidance for the year as it books writedowns of $1B and announces a restructuring plan that includes 8,800 job losses as it cuts costs to counter falling oil prices.

Statoil CEO Sees Oil at $80 by 2018
Tuesday, July 28, 2015 Statoil CEO Eldar Saetre sees the price of oil climbing to $80 per barrel by 2018.

European Majors Reap Benefits of Cost-Cutting Measures
Tuesday, July 28, 2015 Statoil and BP are reaping the benefits of cost cutting across their operations.

Mexico's Pemex Posts Wider 2Q Loss On Lower Prices, Output
Tuesday, July 28, 2015 Pemex reports a bigger second-quarter loss, weighed down by a nearly 10% slide in crude output.

Galp Produces Solid Results for 2Q 2015
Monday, July 27, 2015 Portugal's Galp Energia produces 'another solid upstream result' according to analysts who follow the firm.

Sterling Sees Acquisition Opportunities amid Low Oil Price
Monday, July 27, 2015 Africa-focused Sterling Energy intends to take advantage of the low oil price by buying 'quality' exploration assets from distressed players in the oil and gas sector.

Canada's Encana Lays Off 200 Employees In July Amid Oil Slump
Friday, July 24, 2015 Encana says it laid off about 200 employees this month, joining a growing list of oil producers cutting jobs to cope with a steep fall in crude prices.

Keppel O&M's 2Q 2015 Net Profit Falls 36% to $126M, Non-Drilling Focus Now
Friday, July 24, 2015 Keppel Offshore & Marine registers a 36 percent decline in net profit for second quarter 2015 to $126.2 million amid a slump in new rig demand as the firm now focus more on capturing business from the non-drilling market.

Singapore's Keppel 2Q Profit Falls 2% as Rig Business Falters
Thursday, July 23, 2015 Singapore's Keppel Corporation sees its 2Q net profit fall two percent due to a weak performance in its offshore and marine unit.

Thai PTTEP 2Q Profit Plunges on Forex, Oil Hedging Losses
Thursday, July 23, 2015 PTT Exploration and Production PCL (PTTEP), Thailand's largest oil and gas explorer, says its second quarter net profit slumped 94 percent, dragged by a fall in revenue, and foreign exchange and oil hedging losses.

Freeport-McMoRan Profit Beats Expectations; Shares Slide
Thursday, July 23, 2015 Freeport-McMoran reports an unexpectedly strong adjusted profit as sales of the metals and oil it produces rose, but its hefty debt load swelled and it also posted a big net loss.

Baker Hughes Boosted By Rising Demand For Well Completion Services
Tuesday, July 21, 2015 Baker Hughes, which is being acquired by larger rival Halliburton, said it expects unfavorable market conditions to persist for the rest of the year.

Halliburton Profit Beats Estimates As Costs Cuts Pay Off
Monday, July 20, 2015 Halliburton reports a better-than-expected quarterly profit as costs cuts helped offset the impact of a steep drop in drilling activity.

Santos' Sales Revenue Falls to $578.5M in 2Q 2015, Down 19% YOY
Monday, July 20, 2015 Australia's Santos posts a 19% fall in sales revenue in the second quarter of 2015 to $578.5 million, hurt by lower oil prices.

Woodside's 2Q 2015 Sales Revenue Slips 46.5% to $898M on Low Oil Prices
Thursday, July 16, 2015 Woodside posts sales revenue of $898 million in the second quarter of 2015, down 46.5 percent from a year ago, with the decline due largely to lower oil prices and lower sales.

Cosco Issues Profit Guidance for 2Q 2015, Blames Low Oil Prices
Thursday, July 16, 2015 Cosco issues profit guidance for second quarter 2015 financial results, citing low oil prices and its adverse impact on the global offshore marine industry as a factor.

Yellen Maintains Outlook For First Interest Rate Rise In 2015
Friday, July 10, 2015 Federal Reserve Chair Janet Yellen says she still expects to raise interest rates this year and that the subsequent pace of increases will be gradual.

Ezra's Profit After Tax Declines 96% to $0.4M in 3Q 2015
Friday, July 10, 2015 Ezra Holdings posts a steep 96 percent year-on-year decline in profit after tax to $400,000 for third quarter 2015 that ended May 31.

China's Sinopec Corp Forecasts 11-Fold Profit Jump in 2Q
Wednesday, July 08, 2015 China's Sinopec Corporation expects an 11-fold jump in its quarterly net profit.

Ophir's Plans for 2015 Remain on Track
Monday, July 06, 2015 Ophir Energy's production target remains on track after the company averaged 14,600 barrels per day during 1H 2015.

UK's Hunting Warns of Profit Slump as Rig Counts Fall Further
Thursday, July 02, 2015 Oilfield services firm Hunting warns operating profit may slide by up to 75 percent this year as weak oil prices lead to ongoing cuts in drilling.

Tullow Enjoys Strong Oil Production in West Africa
Wednesday, July 01, 2015 Tullow Oil sees strong oil production from its West African operations thanks to a solid performance from its Jubilee field, offshore Ghana.

Petrobras History of Failed Plans Raises Doubt over New Promises
Wednesday, July 01, 2015 Brazil's state-run oil company Petroleo Brasileiro's history of failed spending and output plans may be the biggest obstacle to its efforts to convince investors it will reduce its debt.

SapuraKencana's Net Profit Declines 21% to $69.53M in 1Q FY16
Tuesday, June 16, 2015 Malaysia's SapuraKencana Petroleum posts a 21 percent decline in net profit to $69.53 million in first quarter 2016, while revenue falls 8 percent to $601.5 million.

Russia's Lukoil 1Q Net Profit Down 60% on Weak Oil
Wednesday, June 10, 2015 Russian oil producer Lukoil reports a worse-than-expected 60-percent drop in 1Q net profit.

Bashneft Group Announces Increased Production, Decreased Revenue
Monday, June 08, 2015 Bashneft Group's revenue decreases by 2.5 percent from 1Q 2014 to 1Q 2015, while its average oil production grows by 14.7 percent to 373,814 barrels per day.


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