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2017-04-27 18:30:00

NOV VARCO NET LOSS $122 MLN

NOV VARCO NET LOSS $122 MLN

NOV - National Oilwell Varco, Inc. (NYSE: NOV) today reported a first quarter 2017 net loss of $122 million, or $0.32 per share. Excluding other items, net loss for the quarter was $63 million, or $0.17 per share. Other items totaled $37 million, pretax, and primarily consisted of charges related to severance and facility closures.

Revenues for the first quarter of 2017 were $1.74 billion, an increase of three percent compared to the fourth quarter of 2016 and a decrease of 20 percent from the first quarter of 2016. Operating loss for the first…

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Tags: NOV, VARCO,
Chronicle:
NOV VARCO NET LOSS $122 MLN
2019, April, 22, 08:20:00
AZERBAIJAN OIL PLATFORM $6 BLN
BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea.
NOV VARCO NET LOSS $122 MLN
2019, April, 22, 08:15:00
CONOCO SELLS BRITAIN $2.67 BLN
ConocoPhillips's gas-focused North Sea assets pumped 72,000 b/d of oil equivalent last year, and the acquisition will help boost Chrysaor's total production this year to over 185,000 boe/d, Chrysaor said in a statement.
NOV VARCO NET LOSS $122 MLN
2019, April, 22, 08:10:00
BRITAIN'S RENEWABLE 33%
Renewable energy sources generated approximately 33 per cent of Great Britain’s electricity over the first quarter of 2019, according to new figures published by energy consultancy EnAppSys, with wind energy accounting for over 60% of renewable generation.
NOV VARCO NET LOSS $122 MLN
2019, April, 22, 08:05:00
TURKEY, GERMANY RENEWABLE
To further explore opportunities for bilateral energy expansion, Turkish Energy and Natural Resources Minister Fatih Dönmez and German Federal Minister for Economic Affairs and Energy Peter Altmaier met in Ankara for the second Turkish-German Energy Forum in October last year to sign a letter of intent to enhance the Turkish-German energy partnership.
NOV VARCO NET LOSS $122 MLN
2019, April, 19, 09:45:00
OIL PRICE: NEAR $72 YET
Oil futures edged up on Thursday as a drop in crude exports from OPEC’s de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices.
NOV VARCO NET LOSS $122 MLN
2019, April, 19, 09:40:00
U.S. OIL PRODUCTION 12.1 MBD
the U.S. sustained its position as the world’s leading oil producer, continuing a pace of 12.1 million barrels a day (mb/d), matching February 2019. In addition, petroleum demand in March was the strongest for that month in more than a decade at 20.7 mb/d.
NOV VARCO NET LOSS $122 MLN
2019, April, 19, 09:35:00
VENEZUELA'S, RUSSIA'S OIL
Since January, Maduro’s administration has been in talks with allies in Moscow about ways to circumvent a ban on clients paying PDVSA in dollars, the sources said. Russia has publicly said the U.S. sanctions are illegal and it would work with Venezuela to weather them.
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