![China: CNOOC Sets New Records with 2010 Production and Net Profit Results]()
CNOOC Limited today announced its annual results for the 12 months ended December 31, 2010. In 2010, the Company’s net production reached 328.8 million barrels of oil equivalent (BOE), up 44.4% year-over-year (“yoy”), representing the highest production growth in its history. The record production growth is mainly attributable to production from new fields brought [...]
![USA: Hercules Offshore Full Year 2010 Profit Dives]()
For the twelve month period ended December 31, 2010, the Company reported a loss from continuing operations of $134.6 million, or $1.17 per diluted share, on revenue of $657.5 million, versus a loss from continuing operations of $90.1 million or $0.93 per share on revenue of $742.9 million for the twelve month period ended [...]
Tullow Oil plc (Tullow), the independent oil and gas exploration and production group, announces its results for the year ended 31 December 2010. Results summary In 2010, Tullow demonstrated continued exploration and appraisal success and delivered first production from the Jubilee development in record time. The reported financial results for 2010 are materially ahead [...]
![UK: Petrofac Reports Record Intake of New Orders in 2010. Posts Financial Highlights]()
Petrofac Limited (Petrofac, the group or the Company), a leading international provider of facilities solutions to the oil & gas production and processing industry, today announces its final results for the year ended 31 December 2010. FINANCIAL HIGHLIGHTS • Net profit(1) up 58% to US$557.8 million (2009: US$353.6 million); net profit up 26% on [...]
![The Netherlands: SBM Offshore Posts 2010 Net Profit of USD 276 Million. 20 pct Increase from 2009]()
SBM Offshore’s consolidated result for 2010 is a net profit of US$ 276.0 million, a 20.0% increase in comparison with the 2009 net profit of US$ 230.0 million. This result includes non recurring items which generated a net gain of US$ 9.0 million in 2010 (US$ 32.4 million in 2009). Net profit attributable [...]
![France: GDF SUEZ Posts Solid 2010 Results]()
Gérard Mestrallet, Chairman and Chief Executive Officer, commented: “GDF SUEZ achieved solid results in 2010, and outperformed all its targets, in spite of the impact of de-correlation of oil and gas prices in the Global Gas and LNG business line. On top of its key positions in domestic markets, GDF SUEZ significantly accelerated its [...]
![USA: Cal Dive Announces Net Loss of USD 315 Million for Fiscal 2010]()
Cal Dive International, Inc. reported a net loss for fiscal 2010 of $315.8 million and $3.47 per diluted share. This compares to net income of $76.6 million and $.81 per diluted share for fiscal 2009. The 2010 net loss includes $302.5 million ($3.32 per diluted share) in non-cash impairment charges related to goodwill and [...]
![Australia: Tap Oil Announces Full Year 2010 Results]()
Tap Oil Limited announced an underlying profit after tax (excluding nonrecurring items) of $2.9 million, up from a loss of $0.6 million in the previous year. Due to non-recurring items such as exploration impairments and write-downs , the company reported a loss after tax of $61.4 million, down from a profit of $6.7 million [...]
![The Netherlands: Fairstar Heavy Transport N.V. Posts Net Profit for 2010]()
Fairstar Heavy Transport N.V. (FAIR) has published its audited financial statement for 2010, recording a net profit after tax of USD 228 thousand. The report also highlighted the company’s activities in the international capital markets, successfully raising almost USD 100 million that was invested in two new open stern, semi-submersible vessels FORTE and FINESSE [...]
![USA: Rowan Companies 2010 Net Income Dives]()
For the three months ended December 31, 2010, Rowan Companies, Inc. (“Rowan” or the “Company”) generated net income of $57.3 million or $0.45 per share, compared to $60.8 million or $0.53 per share in the fourth quarter of 2009. Revenues were $458.8 million in the fourth quarter of 2010, compared to $399.8 million in [...]
