Lebanon offshore round tender invitation

The blocks open for bidding are Blocks 1, 2, 5, 8, and 10

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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