BG Group: 2015 Fourth Quarter and Full Year Results
BG Group plc reported its 2015 Fourth Quarter and Full Year Results to the London Stock Exchange at 07:00 (UK time) on Friday 5th February 2016. For a full listing of the results please click here
ConocoPhillips Reports Fourth-Quarter and Full-Year 2015 Results; Lowers Quarterly Dividend and Revises 2016 Operating Plan Guidance
ConocoPhillips (NYSE: COP) today announced it is taking actions to maintain its strong balance sheet in response to both the weak outlook for commodity prices and expected credit tightening across the industry. The actions will position the company to accelerate shareholder value creation as prices recover. Dividend and Operating Plan …
Russian Gas Exports to Austria Grow by 76.2 Per Cent in January 2016
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Reinhold Mitterlehner, Austrian Vice Chancellor. The parties highlighted that the long-term strategic cooperation between Russia and Austria in the oil and gas sector had been successfully developing for many decades. A continuous increase was noted in Russian gas …
Saipem Sues Gazprom Over Black Sea Gas Pipeline
Italy’s Saipem, which was hired by Gazprom to lay the undersea section of the South Stream gas pipeline, and then the Turkish Stream pipeline, has filed a lawsuit against a subsidiary of the Russian gas giant. Saipem S.p.A. filed a request for arbitration against South Stream Transport B.V. (now a …
National Oilwell Varco Announces Fourth Quarter and Full Year 2015 Earnings
National Oilwell Varco, Inc. (NYSE:NOV) today reported fourth quarter 2015 net income of $85 million, or $0.23 per fully diluted share, excluding other items, down from $0.61 in the third quarter of 2015 on a comparable basis. Other items included pre-tax charges of $1,634 million for goodwill and other intangible asset write-downs, $139 million for restructuring and other charges (which …
Petrosibir AB: New CEO in Petrosibir
As one of the final steps in the agreement between Petrosibir and Petrogrand the Board has appointed Dmitry Zubatyuk CEO of Petrosibir. The Board has also appointed the company’s current CFO Gunnar Danielsson deputy CEO. On 9 November 2015 extraordinary general meetings in Petrosibir AB (Petrosibir) and Petrogrand AB (Petrogrand) …
KMG EP Announces Operating Results for the Year Ended 31 December 2015
JSC KazMunaiGas Exploration Production announces its full year operating results for 2015. KMG EP produced 12,351 thousand tonnes of crude oil (251 kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL (Karazhanbasmunai) and PetroKazakhstan Inc. (PKI), almost at the level of 2014. Ozenmunaigas JSC (OMG) produced 5,510 thousand tonnes (111 kbopd) …
BP Realigns Senior Executive Team
BP today announced the appointment of Lamar McKay to the new position of Deputy Group Chief Executive. McKay, currently chief executive of BP’s Upstream segment and a 35-year veteran of BP, will be based in London and take up the role following a suitable handover period. McKay will be succeeded …
BP Reports Full Year and 4Q 2015 Results: Dividend Remains Unchanged
BP today reported its results for the full year and fourth quarter of 2015. Underlying replacement cost profit1 for the full year was $5.9 billion, compared with $12.1 billion reported for 2014, down 51%. The underlying result for the fourth quarter was $196 million compared with $2.2 billion for the fourth …
Rosneft and GE Develop Joint Manufacturing in Russia
Rosneft and General Electric signed a long-term cooperation program. The document involves construction plan of joint ventures for production of marine, oil and gas, and electrical equipment to ensure timely construction and commissioning of production facilities. In particular, Rosneft and GE will continue their cooperation in developing ship-building projects of …