Search results for: Writedowns

40 results

A list of search results

  • 20 April 2015
    Business & Finance, Equipment, Operations & Maintenance

    Halliburton has reported a net loss of $643 million, or 76 cents per share, in the quarter, compared with a profit of $622 million, or 73 cents per share, in the year-earlier period. For the first three months of 2015 (Q1 2015), the company recorded an $823 million charge to cover asset writeoffs, inventory writedowns, asset […]

  • 28 February 2011

    Oil and gas miner Beach Energy has reported a first-half loss of $87.14 million, with a writedown against its poorly performing Victorian of… (theaustralian) [mappress] Source: theaustralian, February 28, 2011;  

  • 6 August 2020
    Business & Finance, Business developments & projects

    Japan’s oil and gas giant Inpex has flagged a 139.7 billion yen ($1.33 billion) impairment loss on its Australian LNG assets.

  • 24 February 2017
    Business & Finance, Operations & Maintenance

    Saipem has plunged deeper into the red as longer-than-expected market recovery led to massive writedowns and reorganisation costs for the Italian oilfield services player in 2016. The company has recorded net loss of €2.1 billion for the twelve months of 2016, of which €162 million in the fourth quarter. Full-year result has seen Saipem’s losses widen from €806 […]

  • 29 August 2014

    Delek Group published results for the three and six month period ended June 30, 2014. Group revenues for the first six months of 2014 were approximately NIS 10 billion, at a similar level to that of the same period last year. Operating profit was NIS 338 million in the first six months of 2014 compared with […]

  • 19 March 2020
    Business & Finance

    Swedish marine energy developer Minesto has reported net loss for 2019 of close to SEK 126 million ($12.5 million), mostly related to one-off writedowns of previously capitalised technology development. Namely, Minesto decided to write down technology development costs attributed to earlier years, since it ‘differs significantly’ from its technology today, which is focused on DG500 […]

  • 16 February 2017

    An impairment charge of A$1.9 billion deepened Australia’s Origin Energy’s losses to A$1.68 billion (Approx: US$1.3 billion) for the half-year 2017, down from A$254 million in the corresponding period a year before.

  • 22 March 2016
    Business & Finance

    Brazil’s state-controlled oil company Petrobras posted its biggest-ever quarterly loss on Monday after booking a large writedown for oil fields and other assets as oil prices slumped and refinery projects faltered.

  • 22 October 2015
    Business & Finance

    Shipbuilding and dry bulk shipping company Cosco Corporation (Singapore) Limited expects to record net loss in the quarter ended September 30, 2015, as compared to a profit recorded in the corresponding period of the previous financial year. Cosco says that the loss is expected mainly due to the continuing depressed state of crude oil prices, which has had […]

  • 22 October 2015
    Business & Finance

    Shipbuilding and dry bulk shipping company Cosco Corporation (Singapore) Limited expects to record net loss in the quarter ended September 30, 2015, as compared to a profit recorded in the corresponding period of the previous financial year. Cosco says that the loss is expected mainly due to the continuing depressed state of crude oil prices, which has had […]

  • 8 February 2018

    Australia’s Origin Energy, the owner of a 37.5 percent stake in the Australia Pacific LNG project, expects to book a post-tax impairment charge of A$533 million ($416.4 million) for its half-year results. The aggregate charge includes a non-cash writedown of A$360 million for the company’s Ironbark gas field, due to a downgrade in Ironbark reserves and […]

  • 28 February 2019
    Business & Finance, Operations & Maintenance

    Italian oilfield services player Saipem has reported loss in 2018 of €472 million ($538 million), on revenues of €8.5 billion ($9.7 billion). This result compares to net loss of €328 million ($374 million) on revenues of €9 billion ($10.3 billion) for the twelve months of 2017. Revenues in the Q4 2018 were close to €2.5 […]

  • 25 February 2016

    French utility and LNG player Engie reported on Thursday a net loss of 4.6 billion euros for 2015, after booking 8.7 billion euros in writedowns due to plunging oil and gas prices. These impairments mainly relate to the exploration-production activity, heavily impacted by the major and prolonged drop in oil and gas prices, and on the […]

  • 21 January 2019
    Business & Finance

    Schlumberger has bounced back in black in the fourth quarter of 2018, against last year’s Q4 loss of $2.25 billion that was booked following restructuring and asset writedown charges. The oilfield services giant generated quarterly profit of $538 million, or 39 cents per share, on relatively flat Q-on-Q revenue of $8.2 billion. Sequentially, the profit […]

  • 21 October 2015
    Business & Finance

    The acquisition of the Rotterdam-based maritime service provider Imtech Marine by the Dutch trading company Pon Holdings and private equity fund Parcom Capital has been finalized. The European Commission has approved the takeover of Imtech Marine, which will continue to operate independently. René ten Brinke, CEO of Imtech Marine, said: ‘’Now that the acquisition is completed, […]

  • 5 February 2016
    Business & Finance

    FSL Trust Management Pte, the trusteemanager of First Ship Lease Trust, has sold two containerships for USD 10.8 million as it failed to find further employment for the boxships in an already oversupplied market. Ever Radiant and Ever Respect are Japanese-built, 4,229 TEU containerships built in 1994 and 1995 respectively. The two vessels have been on bareboat charter to […]

  • 21 October 2015
    Business & Finance

    The acquisition of the Rotterdam-based maritime service provider Imtech Marine by the Dutch trading company Pon Holdings and private equity fund Parcom Capital has been finalized. The European Commission has approved the takeover of Imtech Marine, which will continue to operate independently. René ten Brinke, CEO of Imtech Marine, said: ‘’Now that the acquisition is completed, […]

  • 19 February 2017

    Inpex names Ichthys LNG offshore facilities Inpex-operated Ichthys LNG project held two naming ceremonies at the South Korean shipyards for the project’s two offshore facilities. Flex LNG looking to buy two Geveran MEGI LNG newbuilds Flex LNG, the shipping company controlled by billionaire John Fredriksen, plans to purchase two liquefied natural gas (LNG) carriers from […]

  • 1 August 2014
    Business & Finance

    French energy company, Areva, was hit by the loss of EUR 373 million from discontinued renewables activities. It comes as a result of provisions for losses at completion on wind, including offshore, and solar contracts. Chief Executive Officer Luc Oursel said: “The group continues to restructure its operations in renewable energies by entering into partnerships […]

  • 26 October 2016
    Business & Finance

    Italian oil and gas industry contractor Saipem informed on Tuesday it will reduce its workforce in Europe by 800 positions over the next four-year period as part of its strategic plan for 2017-2020.  Also on Tuesday, the Italian oil company posted a loss for the third quarter of 2016 compared to a profit in the prior-year […]

  • 14 August 2015
    Business & Finance

    Dutch trading company Pon Holdings and private equity fund Parcom Capital have reached an agreement on the takeover of Imtech Marine as a whole, with the details of the takeover currently being worked out. The two companies expressed their interest to take over Imtech Marine after its parent company – Royal Imtech – filed for protection […]

  • 11 December 2019
    Business & Finance

    Chevron has announced that its organic capital and exploratory spending program for 2020 will be $20 billion, the same as this year. Chevron has also decided to reduce spending on gas-related projects. The company expects to take up to $11 billion charge in 4Q 2019.