Search results for: impairments

1551 results

A list of search results

  • 18 October 2019
    Business & Finance, Equipment, Operations & Maintenance

    Schlumberger has seen red in the third quarter 2019 on major impairments on goodwill and assets. The oilfield services giant recognized Q3 2019 loss of close to $11.4 billion, or $8.22 per share, on some $37 million higher revenue ($8.54 billion), against profit of $644 million. Excluding charges, the profit fell 7 per cent at […]

  • 13 July 2017
    Business & Finance

    Norwegian shipping bank DNB cut its individual impairment by around 65 percent in the second quarter this year when compared to the same period from 2016. DNB attributed the decrease to successful restructuring of portfolios within shipping and oil and offshore-related segments. A reduction in collective impairment was also reported by the bank, reflecting “somewhat […]

  • 8 February 2017
    Business & Finance

    Danish shipping and energy conglomerate Maersk Group reported a loss of USD 1.9 billion in 2016, negatively impacted by impairments of USD 2.7 billion in Maersk Supply Service and in Maersk Drilling as a consequence of an expected weaker outlook. As a result of USD 1.2 billion and USD 1.5 billion of impairments seen by the […]

  • 15 August 2017

    Australian LNG operator and stakeholder, Santos, expects to book a $690 million impairment charge for the first half of the year. 

  • 10 August 2017

    Australia’s Origin Energy expects to book an impairment charge of approximately A$1.2 billion ($945.3 million) for the second half of FY2017.

  • 20 February 2015

    Santos posted a 2014 underlying net profit of $533 million, up 6 percent on the previous year.

  • 3 February 2015
    Business & Finance

    BG Group, one of UK’s largest energy companies will reduce its capital expenditure for 2015, as a response to a lower oil price environment. The company has said that planned capital expenditure on a cash basis in 2015 will fall to between $6 – 7 billion in 2015. For comparison, capital investment in 2014 was $9.4 billion, almost entirely […]

  • 11 March 2015

    Island Drilling, a Norwegian drilling contractor owning the Island Innovator semi-submersible drilling rig, has recorded a net loss of $51.5 million in the fourth quarter of 2014. The company has said that due to the general decline in the market values for drilling rigs, it has taken an impairment charge on the Island Innovator rig value of […]

  • 12 February 2015

    Santos informed that it expects to recognise a non-cash impairment charge of approximately $1.6 billion after tax in its 2014 full-year accounts.

  • 12 February 2015

    Santos informed that it expects to recognise a non-cash impairment charge of approximately $1.6 billion after tax in its 2014 full-year accounts.

  • 13 July 2020
    Business & Finance, Business developments & projects

    The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search flagged a $360-$400 million impairment in its interim results.

  • 25 February 2016
    Business & Finance, Operations & Maintenance

    Norway’s Rem Offshore has posted forth-quarter 2015 net loss of NOK 161.1 million ($18.7 million), compared to profit of NOK 25.4 million or $3 million in a year-ago period. In the fourth quarter, Rem recorded operating revenue of NOK 289.3 million compared to NOK 392.5 million in Q4 2014. Full-year 2015 operating revenue was NOK […]

  • 15 November 2016
    Business & Finance

    Norwegian vessel owner, Eidesvik Offshore, has posted quarterly loss as it recognised fleet impairment charge and its revenues plunged by some 35 percent in the weak market. In the third quarter 2016, Eidesvik generated revenues of NOK 201 million. Revenues in the corresponding period in 2015 were NOK 309 million. The company has also seen […]

  • 20 February 2015

    Santos posted a 2014 underlying net profit of $533 million, up 6 percent on the previous year.

  • 8 February 2019
    Business & Finance, Equipment

    Forum Energy Technologies recorded loss in the fourth-quarter 2018 of $384 million, or $3.52 per diluted share, compared to profit of $49 million, or 45 cents per diluted share, for the prior-year comparable period. Sequentially, Forum has sunk deeper into the red from loss of 3 cents per share, despite revenue increase of $25 million. […]

  • 11 November 2015
    Business & Finance, Operations & Maintenance

    Germany’s utility E.ON reported an all-time-high EUR 5.7 billion net loss for the first nine months of 2015, largely due to the impairment charges of EUR 8.3 billion recorded in the quarter ended September 30, coming from writedowns in the company’s power plants and its oil and gas division. The company is continuing with plans to focus on the booming renewable […]

  • 12 October 2016
    Business & Finance

    After it said that it expects an extraordinary loss of JPY 100 billion (USD 972 million) on its containership assets, Japan’s shipping major Nippon Yusen Kabushiki Kaisha (NYK Line) is set to recognise the largest ever impairment loss in container shipping history, according to Alphaliner. The loss represents almost a quarter of the total assets of NYK’s liner shipping […]

  • 30 June 2020
    Business & Finance, Business developments & projects

    The Hague-based LNG giant Shell issued an update on its second-quarter outlook, initially issued in the company’s first-quarter results.

  • 20 February 2017

    Dutch offshore and dredging contractor Boskalis will report non-cash impairment charge of EUR 840 million ($892 million) in its annual results 2016, hurt by the challenging offshore oil and gas market conditions. Boskalis will publish its annual results on March 8. The company said on Friday the charge was almost entirely related to the services part of Boskalis’ offshore […]

  • 31 July 2020
    Business & Finance, Business developments & projects

    Floatel International will book impairments of nearly $400 million for the second quarter of the year due to impairments of its vessels made amid challenging market situation.

  • 27 October 2014
    Business & Finance

    The U.S. Environmental Protection Agency has approved the 2012 list of waters in New Jersey that are considered either impaired or threatened by pollutants. An impaired water body does not meet federally-approved water quality standards even after pollution controls have been put in place. A threatened water body is expected to be impaired within two […]

  • 3 July 2020
    Business & Finance

    Hong Kong-based dry bulk shipping company Pacific Basin revealed a one-off non-cash impairment charge of $198 million on the group’s Handysize core fleet. The impairment charge relates to primarily its smaller and older Handysize vessels and will be reflected in its unaudited consolidated results for the first half of 2020. Including this impairment, Pacific Basin expected […]