loss | Egypt Oil & Gas

ExxonMobil to Sell Troubled Oil Properties in California

ExxonMobil will sell its troublesome offshore oil and gas fields in California that have been inactive since a pipeline leak in 2015, Reuters reported.

Egypt Gas Announces Q1 Losses

Egypt Gas Company has announced pre-tax losses of EGP 12 million in Q1 2018.

Saudi Tasnee Records $27.7m Profit in Q2

Saudi Arabia's National Industrialization Co (Tasnee) said it hit a net profit in Q2 as opposed to analysts' forecasts, bringing a run of five straight losses to an end.

Saudi PetroRabigh Q2 Profit Slumps 79%

Saudi Arabia's Rabigh Refining and Petrochemical Co. (PetroRabigh) witnessed a decline in its Q2 net profit standing at 79.6% due to the decrease in petrochemical prices and refinery margins.

Angola Marks Loss of 60,000 Oil, Civil Engineering Jobs

Angola has lost some 60,000 jobs in the past 12 months due to the economic crisis triggered by the falling international oil prices.

Abu Dhabi’s Taqa Posts Q1 Loss Hurt by Low Oil Prices

TAQA reported a first-quarter net loss hurt by low oil prices. The company, majority-owned by Abu Dhabi's government, reduced its first-quarter revenue by 24% following a 43% drop in the price it sold its oil and gas.

Spain’s Repsol Cuts Dividend to Keep Investment Grade

Spain’s largest oil company, Repsol, lowered its dividend after revealing a $2.2b quarterly loss. The group reported a $1.4b net loss for 2015 and it is the third time in less than six months that Repsol has taken st ...

State-Owned Gas Company Loses EGP 17.3m

Government-owned natural gas projects company Egypt Gas has registered EGP 17.3m losses in the first quarter (Q1) of 2015, compared to EGP 73.1m recorded profits in Q4 2014, the company announced on Sunday.

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