API’s IM standards boost offshore safety

API is continuing to lead the way on safety

Higher oil prices and production growth lift Eni's profit

Italian oil company Eni recorded a significant increase in its quarterly profit owing to higher oil prices and ...

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Awilco swings to loss in 4Q

Awilco Drilling sank to a loss in the fourth quarter 2017 dragged down by an impairment charge related to the ...

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Diamond dives into the red

Diamond Offshore sank to a loss in the fourth quarter of 2017 as its revenues decreased compared to the same period ...

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EMGS faces uncertainty

Norwegian geophysical services company EMGS might be facing a going concern issue amid low backlog levels and ...

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Kvaerner back in black

Norwegian engineering and construction services company Kvaerner recorded a profit in its fourth quarter 2017 as ...

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Anadarko books profit, cuts spending

U.S. oil company Anadarko Petroleum Corporation returned to profit in the fourth quarter of 2017 and slightly ...

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Aker Solutions posts profit amid signs of market recovery

Aker Solutions returned to quarterly profit as its revenues grew pushed up by increased activity in Norway. 

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Prosafe returns to quarterly profit

Prosafe, an operator of offshore accommodating units known as flotels, returned to quarterly profit but sank to a ...

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BP profit soars in 4Q

UK oil major BP recorded an increase in its fourth quarter 2017 profit compared to the prior-year period. On an ...

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Hess narrows losses. Axes 400 jobs

Hess Corporation narrowed its net loss in the fourth quarter 2017 as its revenues fell when compared to the same ...

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Chevron earnings spike in 4Q

Chevron Corporation recorded a significant increase in its quarterly earnings and revenues boosted by tax benefits ...

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ExxonMobil earnings lifted by higher oil prices and tax cuts

U.S. oil and gas company ExxonMobil increased its quarterly earnings to $8.4 billion lifted by higher oil prices ...

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Impairments drag PGS deeper into the red

Affected by impairment charges, Norway's seismic player PGS posted a bigger quarterly loss despite an increase in ...

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ConocoPhillips swings to profit, raises dividend

U.S. oil major ConocoPhillips returned to quarterly profit helped by higher oil prices and increased its dividend ...

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Lundin narrows loss, launches first dividend

Lundin Petroleum narrowed its net loss for the fourth quarter 2017 compared to the prior-year period and saw an ...

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Red ink for Baker Hughes

Oilfield services provider Baker Hughes, a GE company, has recorded a loss for the fourth quarter of 2017.

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Halliburton posts bigger 4Q loss

Oilfield services provider Halliburton recorded a bigger loss for the fourth quarter of 2017 compared to the ...

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Schlumberger optimistic about 2018

Schlumberger in the fourth quarter recorded $3.041 billion of pretax charges

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Cobalt in dispute with Sonangol over Angolan assets

Oil exploration company Cobalt International Energy is in dispute with the Angolan state-owned oil company Sonangol ...

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Rig impairments drag Paragon deeper into red

Drilling contractor Paragon Offshore posted a deeper net loss for the fourth quarter 2016 compared to the ...

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Red ink for Vantage Drilling

Offshore driller Vantage Drilling posted a net loss for the last quarter of 2016 amid low jack-up and deepwater rig ...

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