Search results for: 4q

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  • 14 March 2017
    Business & Finance

    Oil exploration company Cobalt International Energy is in dispute with the Angolan state-owned oil company Sonangol over impairment charges related to its assets in Angola.  Cobalt on Tuesday reported a net loss of $1.87 billion for the fourth quarter of 2016, compared to a net loss of $486.8 million for the fourth quarter of 2015. […]

  • 22 January 2018
    Business & Finance

    Oilfield services provider Halliburton recorded a bigger loss for the fourth quarter of 2017 compared to the prior-year period despite an increase in revenues. 

  • 27 February 2018
    Business & Finance

    Oslo-listed marine seismic player Polarcus tightened its quarterly net loss despite lower revenues and impairment charges. 

  • 19 January 2018
    Business & Finance

    Schlumberger in the fourth quarter recorded $3.041 billion of pretax charges

  • 15 February 2018
    Business & Finance

    Awilco Drilling sank to a loss in the fourth quarter 2017 dragged down by an impairment charge related to the erosion of the contract backlog and continued downturn in the offshore drilling market. 

  • 20 January 2017
    Business & Finance

    Schlumberger, the world’s largest oilfield services provider, tightened its loss in the fourth quarter of 2016, compared to the year-before period, amid an 8 pct drop in revenues.  During the fourth quarter of 2016, Schlumberger’s net loss decreased by 80% to $204 million, from $1.02 billion in the corresponding period in 2015. Schlumberger recorded a $536 million […]

  • 2 February 2017
    Business & Finance

    Multi-client geoscience data provider TGS returned to profit during the fourth quarter of 2016 compared to a loss in the corresponding quarter of 2015.  The multi-client data provider on Thursday reported a profit of $23.9 million for 4Q 2016, versus a $121.5 million loss in the prior-year quarter. TGS’ revenues increased during the quarter totaling […]

  • 2 February 2018
    Business & Finance

    Chevron Corporation recorded a significant increase in its quarterly earnings and revenues boosted by tax benefits as well as higher oil prices.

  • 24 February 2016

    Petrofac, an international service provider to the oil and gas industry, has reported a 2015 net profit of $9 million after Laggan-Tormore North Sea gas project loss, compared to net profit of $581 million in 2014.  Petrofac’s net profit before accounting for Laggan-Tormore loss was $440 million. Further, the company’s revenues grew 10 percent to $6.8 billion. […]

  • 2 February 2018
    Business & Finance

    Affected by impairment charges, Norway’s seismic player PGS posted a bigger quarterly loss despite an increase in revenues. 

  • 29 February 2016

    Offshore shipbuilder and designer VARD is looking to diversify its business in order to reduce its offshore market dependency during industry downturn that dragged the company’s 4Q 2015 results down.  With its core market for offshore oil and gas related vessels showing continued signs of weakness in the short term, VARD said on Monday it […]

  • 31 January 2017
    Business & Finance

    U.S. oil major ExxonMobil saw a 40 percent decrease in profit during the last quarter of 2016, compared to the year-before period, due to impairment charges.  Fourth quarter earnings were $1.7 billion, including the impairment charge recorded during the period, a 40 percent decrease compared to earnings of $2.78 billion in the same period in […]

  • 24 February 2017
    Business & Finance, Exploration & Production

    Offshore driller Rowan Companies sank to a loss during the fourth quarter 2016 as its revenues dipped, driven by a decline in the deepwater and jack-up segment.  For the quarter ended December 31, 2016, Rowan on Friday reported a net loss of $24.4 million, compared to net income of $124.4 million in the fourth quarter […]

  • 8 February 2018
    Business & Finance

    Norwegian engineering and construction services company Kvaerner recorded a profit in its fourth quarter 2017 as opposed to a loss in the prior-year period. 

  • 28 February 2018
    Business & Finance, Exploration & Production

    U.S. offshore driller Rowan Companies returned to quarterly profit despite lower revenues helped by the sale of rigs to a joint venture with Saudi Aramco.  For the fourth quarter 2017 Rowan reported a net income of $112 million compared to a net loss of $24.4 million in the fourth quarter of 2016. The net income […]

  • 29 February 2016

    Polarcus, an offshore geophysical company, on Monday reported a net loss for the fourth quarter of 2015 due to impairment charges, as well as lower revenues driven by decrease in both contract and Multi-Client revenues. Polarcus’ net loss, after impairments of $247.4 million, was $287.3 million in 4Q 2015 compared to a net loss, after impairments of […]

  • 3 February 2016

    Lundin Petroleum, a Swedish oil and gas exploration and production company, has seen its loss deepen in the fourth quarter of 2015 when compared to the fourth quarter of 2014.  Lundin on Wednesday posted a net loss of $493.7 million for the 4Q 2015, including a net foreign exchange loss of $129.2 million and an after […]

  • 8 February 2018
    Business & Finance

    Norwegian geophysical services company EMGS might be facing a going concern issue amid low backlog levels and challenging market situation.  According to EMGS’ financial report on Thursday, at the end of the fourth quarter of 2017, the company’s backlog was $3.2 million compared with a backlog of approximately $1 million at the end of the […]

  • 7 February 2018
    Business & Finance

    U.S. oil company Anadarko Petroleum Corporation returned to profit in the fourth quarter of 2017 and slightly decreased its capital spending outlook for 2018. 

  • 28 February 2017
    Business & Finance, Exploration & Production

    Offshore driller Ensco returned to profit during the fourth quarter of 2016 versus a net loss in the prior-year quarter as its revenues declined due to lower rig utilization.  The driller on Monday reported net profit attributable to Ensco of $39 million for the fourth quarter 2016, compared to a loss of $2.5 billion in […]

  • 26 February 2016

    Italian oil company Eni on Friday posted a fourth-quarter loss and reported that the company’s oil and gas output rose to its highest level in the last five years.  Eni on Friday posted a net loss of €8.46 billion ($9.3B) in 4Q 2015, compared to a €2.4 billion ($2.6B) loss in the year-before quarter. The company’s […]

  • 16 February 2018
    Business & Finance

    Italian oil company Eni recorded a significant increase in its quarterly profit owing to higher oil prices and record production levels.