Search results for: 3q

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  • 26 October 2018
    Business & Finance

    French oil major Total posted a 45 percent increase in the third quarter 2018 profit, boosted by higher production and oil prices.

  • 27 October 2017
    Business & Finance

    French oil company Total boosted its adjusted net profit during the third quarter of the year by 29 percent helped by production growth, cost cuts, and higher oil and gas prices.  The oil company on Friday reported an adjusted net income of $2.67 billion for 3Q 2017, which is a 29% increase compared to a […]

  • 3 November 2016
    Business & Finance, Exploration & Production

    Prosafe, an owner and operator of semi-submersible accommodation rigs also known as flotels, saw its revenues drop during the third quarter 2016 due to lower rig utilization while its profit grew over the period.  The company’s third quarter net profit increased to $201.9 million when compared to the last year’s third quarter and net profit […]

  • 2 November 2017
    Business & Finance, Exploration & Production

    For comparison, the company for the same period last year reported a net income attributable to controlling interest of $218 million.

  • 2 November 2017
    Business & Finance

    Earnings benefited mainly from stronger refining and chemicals industry conditions, increased realized oil and gas prices and higher production from new fields, offsetting the impact of field declines and divestments.

  • 1 November 2017
    Business & Finance

    U.S.-based oil and gas company Anadarko Petroleum Corporation narrowed its net loss for the third quarter of this year. Anadarko on Tuesday reported a net loss attributable to common stockholders of $699 million for the third quarter of 2017. This compares to a $830 million net loss in the third quarter of 2016. The results from 3Q 2017 […]

  • 27 October 2017
    Business & Finance

    U.S. oil major ExxonMobil recorded an increase in its third quarter 2017 profit and revenues due to higher oil prices.  ExxonMobil on Friday posted its third quarter 2017 earnings of $3.97 billion compared to $2.65 billion in the prior-year quarter as commodity prices improved and performance in the Upstream and Downstream strengthened. Upstream earnings were $1.6 billion […]

  • 23 October 2017
    Business & Finance

    Driven by North American market, oilfield services provider Halliburton recorded a significant increase in its profit and revenues for the third quarter of the year compared to the prior-year period.  In its financial report on Monday, Halliburton posted a $365 million net profit attributable to Halliburton for the third quarter of this year, a significant […]

  • 20 November 2015

    Havyard, a Norwegian ship technology company, informed on Friday that its profit and revenues for the third quarter 2015 have plunged mainly due to lower activity at the Leirvik yard.  Namely, the company’s profit for the quarter amounted to NOK 6.9 million, which is only a half of its third quarter 2014 profit that totalled NOK 13.9 million. The […]

  • 2 November 2016
    Business & Finance

    Sweden-based independent oil company Lundin Petroleum returned to profit during the third quarter this year after achieving a record high production that gave its revenues a boost.  Lundin’s profit for this year’s third quarter was $173.8 million, including a net foreign exchange gain of $135.8 million, compared to a loss of $201.6 million in 3Q 2015 […]

  • 1 November 2016
    Business & Finance, Exploration & Production

    Offshore drilling contractor Rowan Companies returned to profit in the third quarter of 2016 but saw a drop in revenues due to idle and rigs operating with lower dayrates as well as lower utilization.  The driller on Tuesday posted a net income of $5.5 million, compared to a net loss of $239.4 million in the third quarter […]

  • 21 October 2016
    Business & Finance

    World’s largest oilfield company Schlumberger has reported a steep drop in its third quarter profit. Namely, the company’s net income for the quarter was $176 million, an 82 percent drop from the same quarter a year ago, when it posted a net income of $989 million. Revenue fell some 17 percent to $7 billion, down from […]

  • 3 November 2015

    Rowan Companies, a Houston-based offshore drilling contractor, has reported a net loss of $239.4 million for the three months ended September 30, 2015, as opposed to a profit of $119.6 million made in the corresponding period last year.  According to the drilling contractor, the current quarter includes a non-cash asset impairment charge of $273.8 million […]

  • 2 November 2017
    Business & Finance, Exploration & Production

    Prosafe sank to a loss during the third quarter 2017 due to impairments. 

  • 1 November 2016
    Business & Finance

    Oil major BP on Tuesday reported that its underlying performance for the third quarter of 2016 was down compared to the prior-year third quarter due to a weaker price and margin environment.  BP’s third-quarter 2016 replacement cost (RC) profit was $1.66 billion, compared with $1.23 billion a year ago. However, after adjusting for a net gain […]

  • 27 October 2016
    Business & Finance, Exploration & Production

    UK-based offshore drilling contractor Ensco saw its profit as well as revenues drop during the third quarter of 2016 mainly due to lower rig utilization.  According to its report on Wednesday, the drillers’s profit during the third quarter of 2016 dropped to $85.3 million, compared to $292 million in the prior-year third quarter. Revenues were […]

  • 31 October 2017
    Business & Finance

    Oil services company Archer Limited cut its net loss during the third quarter of the year compared to the prior-year period.  Archer’s net loss for the third quarter 2017 was reduced to $4.6 million from $42 million in the prior-year period, according to its quarterly financial report issued on Tuesday. For the third quarter 2017 […]

  • 27 October 2017
    Business & Finance

    Norwegian engineering and construction services company Kvaerner posted a smaller profit and revenues for the third quarter of 2017 when compared to the last year’s period but the company now sees more prospects ahead.  The Norwegian company on Friday posted a profit of NOK 170 million ($20.8M) for the third quarter 2017 as opposed to a profit […]

  • 27 October 2017
    Business & Finance

    Oil major Chevron has joined its industry peers ExxonMobil and Total in recording a profit increase for the third quarter 2017 when compared to the prior-year period.  Namely, Chevron on Friday reported earnings of $2 billion for the third quarter 2017, compared with $1.3 billion earnings in the third quarter of 2016. Included in the quarter was […]

  • 28 October 2016
    Business & Finance

    American multinational energy corporation Chevron on Friday posted a decline in its earnings as well as revenues for the 3Q 2016 period. Chevron’s earnings during the third quarter of 2016 were $1.28 billion compared to $2.04 billion in the prior-year quarter. The company’s revenues dropped to $30.1 billion from $34.3 billion in the same period […]

  • 28 October 2016
    Business & Finance

    Oil and gas major ExxonMobil reported on Friday that its earnings declined by 38 percent during the third quarter of 2016 when compared to those in the same period of 2015.  Namely, ExxonMobil’s third quarter 2016 earnings totaled $2.7 billion, compared with $4.2 billion a year earlier. The company said these results reflect lower refining […]

  • 27 October 2016
    Business & Finance

    Polarcus, an offshore geophysical company, went from black to red during the third quarter 2016 compared to a year earlier performance.  The geophysical company’s net loss for the quarter was $17.4 million, versus a $19.8 million profit in the corresponding quarter in 2015. Further, Polarcus’ revenues dropped by more than half from $132.2 million in […]