Prices
2015, October, 30, 19:15:00
NABORS LOSS $296 MLN
Nabors Industries Ltd. ("Nabors") (NYSE:NBR) reported third-quarter operating revenues of $848 million, compared to $863 million in the second quarter of 2015, and $1.81 billion in the third quarter of last year. The comparable third quarter of last year included $612 million in revenue from Completion and Production Services, a business line that merged with C&J Energy Services on March 24, 2015. The Completion and Production Services business is no longer consolidated with Nabors, and Nabors' results reflect equity-method accounting for this investment on a quarter-lag basis.
2015, October, 30, 19:10:00
TOTAL NET INCOME $6.7 BLN
Total CEO Patrick Pouyanne, pleased with the results, said in the company press release: “In a context where the oil price has fallen by 50% in one year, Total was able to demonstrate its resilience.” He further added how the integrated model had helped Total to record such results.
2015, October, 29, 19:50:00
GAZPROM'S STRATEGY
Even under the evolving market conditions, Gazprom is confident that it can retain its competitive position and market share in the Asia-Pacific region.
2015, October, 29, 19:25:00
ANADARKO PETROLEUM LOSS $2.2 BLN
Anadarko Petroleum Corporation (NYSE: APC) today announced its financial and operating results for the third quarter of 2015, including a net loss attributable to common stockholders of $2.235 billion, or $4.41 per share (diluted). These results include certain items typically excluded by the investment community in published estimates, which in aggregate decreased net income by $1.877 billion or $3.69 per share (diluted), on an after-tax basis. Net cash flow from operating activities in the third quarter of 2015 was $1.127 billion, and discretionary cash flow from operations totaled $979 million.
2015, October, 29, 19:20:00
SUNCOR ENERGY LOSS $376 MLN
A net loss of $376 million ($0.26 per common share) was recorded in the third quarter of 2015, compared with net earnings of $919 million ($0.63 per common share) in the prior year quarter. The net loss for the third quarter of 2015 included an unrealized after-tax foreign exchange loss of $786 million on the revaluation of U.S. dollar denominated debt. Net earnings in the prior year quarter included an after-tax gain of $61 million on the disposal of the Wilson Creek assets in the E&P segment, offset by a $54 million income tax and interest charge related to a prior period in the Oil Sands segment, and the impact of an unrealized after-tax foreign exchange loss of $394 million.
2015, October, 29, 19:15:00
SHELL LOSS $6.12 BLN
Royal Dutch Shell’s third quarter 2015 earnings, on a current cost of supplies (CCS) basis, were a loss of $6.1 billion compared with a gain of $5.3 billion for the same quarter a year ago.
2015, October, 29, 19:10:00
STATOIL LOSS NOK28.2 BLN
Statoil reported net income in accordance with IFRS of negative NOK 2.8 billion, mainly due to net impairment charges and provisions.
2015, October, 29, 19:05:00
ENI SELLS SAIPEM: €6.5 BLN
Italy’s Eni executed a sale and purchase agreement to sell a 12% stake in Saipem to Fondo Strategico Italiano, as part of a plan designed to collect €6.5 billion.
2015, October, 29, 19:00:00
ENI LOSS €0.95 BLN
Eni net loss: €0.95 billion for the quarter; €0.36 billion in the nine months.
2015, October, 27, 19:30:00
NO LOW OIL PRICES
Countries should not bank on oil prices remaining low when formulating their energy policies, as supplies could tighten from mid-2016 due to a drop in investment and falling U.S. output, a senior industry official said on Monday.
2015, October, 27, 19:20:00
SAUDI DOWN $130 BLN
With oil prices stuck at $50 per barrel, the Saudi Arabia’s annual export income will be around $130 billion lower this year in comparison to last year, Jason Tuvey, Middle East Economist at British economic research and consulting company Capital Economics said in a report obtained by Trend.
2015, October, 27, 19:15:00
U.S. COMPLETIONS DOWN 44%
Estimated total U.S. oil and natural gas well completions decreased by 44 percent in the third quarter of 2015 compared to year-ago levels, according to API's 2015 Quarterly Well Completion Report, Third Quarter.
2015, October, 27, 19:10:00
EUROPE GAS PRICES UP 14%
The outlook of gas supply prices to Europe was adjusted upward by more than 14% to $199 per 1,000 cubic meters for 2015, Russia’s Ministry of Economic Development said on Friday.
2015, October, 27, 18:55:00
MAERSK OIL CUTS 12%
Maersk Oil has announced its intention to implement workforce reductions amounting to 10-12% of roles across its business.
2015, October, 27, 18:50:00
BP LOSS $3.175 BLN
BP reported operating cash flow for 3Q 2015 was $5.2 billion bringing the total for the first nine months of the year to $13.3 billion. Organic capital expenditure over the nine month period was $13.2 billion. At the end of the quarter, net debt was $25.6 billion representing a gearing level of 20.0%, including approximately 1% arising from the agreements in principle to settle with the United States government and Gulf states.