Finance
Austria's OMV makes €1bn writedown on low oil prices
5 November 2015
Austria's OMV announced €1.031bn ($1.1bn) of upstream impairment charges in its third quarter results
US supermajors to face up to 'grim reality' of falling profits
3 November 2015
ExxonMobil and Chevron both saw a sharp fall in profits in the third quarter, but they are charting markedly different courses
Shell loses $6bn on Q3 writedowns
29 October 2015
Shell has reported a third quarter loss of $6.1bn - net of $8.2bn of upstream writedowns and charges linked to its unsuccessful Arctic drilling
Repsol signals $7bn asset sales and cost cuts
15 October 2015
The Spanish company plans to sell off assets by 2020 and cut capital expenditure by 40% in order to reduce debt
Petrobras debt rating downgraded to junk status
30 September 2015
Brazil’s national oil company saw its debt rating cut to junk status 10 September by Standard & Poors
Total aims to cut assets by $10bn by 2017
30 September 2015
Almost a year in the job, Total’s new CEO has made cost-cutting and disposals his priorities as oil prices give little encouragement
Gazprom and BASF follow through with cash free swap
4 September 2015
BASF and Russian Gazprom plan to swap upstream assets in Russia for downstream assets in Europe
Gazprom exports less but earns more than 2014
1 September 2015
Despite weak European hub gas prices and less demand, Russia made more money from exports to Europe in the first half of this year than in the same period of 2014
Demand is rising fast, but prices won’t follow just yet
20 August 2015
The International Energy Agency’s (IEA) latest oil-market report suggests the fundamentals are turning, led by demand
How to tackle corruption risk in M&A transactions
14 August 2015
Energy companies often conduct business in emerging markets, some of which may have a historically poor record of dealing with corruption. In this article, law firm Norton Rose Fulbright considers the risks of entering such markets; and how companies can protect the value of the deal
Q2 results lead companies to focus on efficiencies
14 August 2015
After poor second quarter results, companies are now focused on cutting costs and improving efficiency
Low oil prices force Goodrich into Eagle Ford sale
28 July 2015
Goodrich Petroleum sold 13,000 acres in a bid to pay down debt and battle low oil prices
Schlumberger pins hopes on increased oil prices
22 July 2015
Oil services company hopes for improvement next year after bad Q2 results
Petrobras forced to scale back spending by 41%
9 July 2015
The state oil company faces a difficult future and has been forced to rein in its ambitions, shelving field plans and cutting output forecasts
Carlyle bets $500m on Magna Energy
22 June 2015
The firm is investing in the newly created oil and gas company which aims to build in India
Chinese oil companies try to renegotiate import deals
18 June 2015
Sinopec is negotiating with Origin amid weak gas demand and oversupply on their own soil
Middle East has high potential for Asian investors
18 May 2015
A panel of analysts discussed the issue at the AOGC’s Energy Hotspot session on Monday
Gazprom problems run deep after 86% fall in profits
8 May 2015
The 2014 figures were spurred on by the ruble, but the problems continue
Petrobras took a $16.9bn write down on losses for 2014
6 May 2015
The long-drawn out corruption scandal at Petrobras has cost it and Brazil dearly
Pemex under pressure to keep up
24 April 2015
The state company, long a symbol of Mexican energy independence, must reverse years of decline if the country’s reforms are to work
Oil companies should improve their use of IT, says Bichsel
22 April 2015
Damon Evans talks to Matthias Bichsel, former director of projects and technology at Anglo-Dutch supermajor Shell about the prospects for innovation and collaboration in the oil and gas business
Investors unconvinced by Eni's 'solid budget' plan
20 April 2015
Claudio Descalzi's strategy to reduce debt and focus on upstream has yet to convince investors
Australian shale dream stalls as Chevron walks
15 April 2015
The US company is leaving as it tries to balance the books amid low oil prices
Companies should target efficiency while oil prices are low
26 March 2015
Hugh Ebbutt, Richard Forrest, Vance Scott and Jim Pearce, of A T Kearney, highlight the opportunity offered by lower prices to reset portfolios and get costs down - and to come out leaner and stronger
Smaller drillers face tough financing conditions
26 March 2015
All firms are looking for financing, but some will face more difficult times than others
Back to the future for reserve based finance amid downturn
26 March 2015
Jason Fox and Olivia Caddy, from Bracewell & Giuliani, consider the debt markets for E&P companies and the changes to the financial landscape since the last oil price rout