Search

Tullow Oil issued a trading statement on Wednesday, ahead of its first-half results on Jul. 25, saying these should show record revenues of $1.15 billion, up from $1.06 billion in [...]

Third-quarter operating profit at BG Group leapt 17% year-on-year to $1.94 billion - 4% above analysts' forecasts, and adding almost that much to the UK gas giant's share price on [...]

Russian Gazprom said its profits climbed 24% year-on-year to almost 1 trillion rubles ($36.3 billion) in 2010 as stronger sales to former Soviet Union (FSU) countries and higher domestic tariffs [...]

Toronto-listed South America-focused explorer Petrominerales reported a 66% increase in production and a 139% rise in net profits for 2010, despite transportation issues leading to production shut-ins at the company's [...]

Russia's Gazprom saw net profits increase by 67% in the first half of the year as strong domestic gas sales helped offset lower prices on exports to Europe. The state-controlled [...]

Russian state gas giant Gazprom saw net profits more than triple in the first quarter to a new record of almost $11 billion on the back of lower purchasing costs [...]

Tullow Oil's first-half results were overshadowed by events in Uganda, where a tax dispute is stalling progress with a major farm-down of Tullow's acreage to France's Total and China National [...]

Whiting Petroleum recorded higher-than-expected second-quarter profit on rising production from the Williston Basin in North Dakota and stronger oil prices. Net production from the Middle Bakken and Three Forks formations, [...]

Husky Energy posted a 23% drop in second-quarter earnings and lowered its output forecast largely because of falling production at its White Rose project off Newfoundland and the slow ramp-up [...]

Land drillers Patterson-UTI Energy and Helmerich & Payne booked strong quarterly profits, beating analysts' estimates on an uptick in land drilling after an oil spill at BP's Macondo well in [...]

Gazprom said Thursday that its consolidated net profit in 2009 rose by almost 3%, thanks to higher sales and soaring prices in the fourth quarter of the year. A one-off [...]

Husky Energy, the Canadian integrated oil producer controlled by Hong Kong billionaire Li Ka-shing, said its fourth-quarter profit rose as oil prices strengthened. Husky reported net income of C$320 million [...]

Gazprom's net profits under international accounting standards fell to 479.29 billion rubles ($15.79 billion) in January-September from 751.68 billion rubles in the same period of 2008 on the back of [...]

Russian Gazprom's net profit halved in the first six months of 2009 from a year earlier on the back of increased costs and weaker demand both at home and abroad. [...]

Pioneer Natural Resources posted a third-quarter net loss of $7.2 million (6 cents/share) compared with a loss of $5.2 million (4 cents/share) for the same period of last year. Excluding [...]

Canada's Talisman Energy said its third-quarter profit plunged 98% on lower production and a big drop in oil and gas prices. Net income fell to C$30 million (US$27.9 million), or [...]

Anadarko Petroleum highlighted its increased oil production, lower costs and several recent deepwater discoveries during its third-quarter earnings conference call on Tuesday. 'Our exploration, drilling and operations teams continued to [...]

Berry Petroleum reported net income of $19 million (41cents/share) for the third quarter of 2009, compared to net income of $53.3 million ($1.16/share) in the same period of 2008. Items [...]

BG's third-quarter production lagged forecasts due to a delayed field start-up in Tunisia, but the company still posted better-than-expected profits. But analysts shared BG's robust long-term outlook, while its chief [...]

Husky Energy's quarterly profit fell 73% as oil and gas prices tumbled from year-earlier levels and production at its offshore Newfoundland oil fields declined. The Canadian company, controlled by Hong [...]

Range Resources--which holds a commanding acreage position in the Marcellus Shale gas play of Appalachia--posted a 13% year-on-year increase in third-quarter production to 437 million cubic feet of gas equivalent [...]

Russian gas giant Gazprom saw net profits plummet 61% in the first quarter, but still beat expectations with higher revenues and a substantial cut in staff costs. Income stood at [...]

UK-based Cairn Energy made a net loss of $20 million before exceptional items in the first half of 2009 as a result of lower production and prices, compared with a [...]

Canadian producer Talisman Energy said its second-quarter profit fell 85% as oil and gas prices tumbled due to the recession's impact on energy demand. Despite weak natural gas prices, Talisman [...]

Cabot Oil & Gas has reported positive drilling results from its operations in East Texas and the Marcellus Shale of Pennsylvania. Cabot's latest horizontal well in the Marcellus had a [...]

Second-quarter profit at Husky Energy tumbled 68% as oil and gas prices fell and refining returns shrank with the downturn in the economy, the Canadian energy producer said on Wednesday. [...]

Malaysian state-owned oil company Petronas has seen its net profits fall for the first time in five years, hit by higher operating costs and bigger handouts to federal and state [...]

Talisman Energy said on Wednesday its first-quarter profit fell 2% as oil and gas prices skidded, but the results beat expectations thanks to a hefty jump in production and lower [...]

Gazprom said Wednesday its consolidated net profit in 2008 increased almost 11% thanks to higher sales and soaring prices in the first half of the year, although the numbers were [...]

Husky Energy's first-quarter profit fell 63% as production slipped and oil and gas prices weakened in line with the global economic slowdown, Canada's No. 3 oil producer and refiner said. [...]

Independent oil and gas company Range Resources said first-quarter production grew 12% beating its own target despite a 54% decline in operational rigs, as its Marcellus and Barnett shale plays [...]

Canada's No. 4 independent oil and gas producer Talisman Energy posted an 83% jump in fourth-quarter profit helped by gains on certain derivative contracts. Talisman's net income for the quarter [...]

Bakken Shale oil producer Whiting Petroleum said on Tuesday its output reached record levels in the fourth quarter of last year. However, soft oil and gas prices hit Whiting's bottom [...]

Cabot Oil & Gas said net income rose in the fourth quarter on increased natural gas production. Natural gas output rose to some 270 MMcf/d in the quarter from 222 [...]

Canada's largest natural gas producer, EnCana, reported flat net income for the fourth-quarter as increased production and hedging gains were offset by lower commodity prices. Non-cash hedging gains of $747 [...]

Husky Energy's profit sank 79% in the fourth quarter due to the economic meltdown and a steep drop in crude prices, though Canada's No. 2 oil producer and refiner said [...]

UK gas producer BG's fourth-quarter net earnings of [pounds sterling]695 million ($1.02 billion), excluding exceptional items, were up by 25% year-on-year, and 15%-20% above analysts' forecasts. Including one-off items, BG's [...]

Pioneer Natural Resources posted a net loss of $65 million (57 cents/share) for the fourth quarter of 2008, compared with net income of $205 million ($1.72/share) in the same period [...]

Forest Oil ended 2008 with a record 2,668 Bcfe of proved reserves, despite downward price revisions of 212 Bcfe. This is a 26% increase over reserves of 2,119 Bcfe at [...]

Anadarko Petroleum reported a nearly three-fold increase in fourth-quarter net income, helped by $750 million in one-time gains from the sale of assets offshore Brazil and hedging gains. Net income [...]

Record oil and gas prices and higher sales to Europe enabled Gazprom to record an 83% rise in net profits to 609.4 billion rubles ($21.4 billion) in the first six [...]

Russian natural gas giant Gazprom has reportedly dramatically cut its financial expectations for 2009 on the back of crumbling revenues from natural gas exports and questionable demand from consumers across [...]

Husky Energy's third-quarter profit jumped 65% as oil prices hit a record before the global financial meltdown prompted a major pullback.. Husky, controlled by Hong Kong billionaire Li Ka-shing, said [...]

Coalbed methane producer CNX Gas reported a sharp rise in third-quarter earnings thanks to increased production volumes and higher natural gas prices. The company also trimmed its capital spending for [...]

UK-based BG is wrapping up drilling of an appraisal well to delineate the 34/3-1 S (Jord-baer) oil discovery in the North Sea, the Norwegian Petroleum Directorate said Wednesday. BG drilled [...]

Cairn Energy said its Rajasthan project in western India is underway and on track for first commercial oil production in the second half of 2009. The company made the announcement [...]

Anadarko Petroleum said Tuesday it managed to hit its second quarter output guidance, despite a lengthy shutdown at the Independence natural gas production hub in the Gulf of Mexico. Output [...]

Algerian state oil and gas company Sonatrach said its total hydrocarbon production in 2007 reached 233.3 million tons of oil equivalent, up 2% from 2006. Crude and condensate production held [...]

Talisman Energy is moving quickly to become a big player in several unconventional oil and gas plays in North America. The Canadian company said Tuesday it has increased its 2008 [...]

Australian producer Santos said Thursday that second-quarter production fell 11% to 153,000 boe/d compared with the same period of last year, mainly due to the shut-in of the John Brookes [...]