Saipem Cuts Jobs Amid Q2 Losses

• Wednesday, 29th July 2015
• by Egypt Oil & Gas

Saipem SpA, Italy’s biggest oil and gas contractor, will cut jobs and exit businesses as writedowns led to an unexpected loss and an earnings target reduction.

Shell and Exxon Beat Earnings Expectations Amid Low-Price Environment

• Monday, 4th May 2015
• by Egypt Oil & Gas

The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the two giant companies did better than analysts had expected.

Major French Oil Company Total Reports Earnings; Drop in Profit

• Tuesday, 28th April 2015
• by Egypt Oil & Gas

French oil major Total reported a smaller-than-expected 22 percent drop in first-quarter net profit on Tuesday, helped by rising refining margins and sharp growth in oil and gas production that partly offset lower cr ...