Siemens Energy Issues a Net Loss Warning due to Russia Restructuring

• Monday, 8th August 2022
• by Israa Ibrahim

Siemens Energy, a company that provides equipment to the power sector, issued a warning that its net loss in 2022 would be greater than originally anticipated, based on a charge of about EUR 200 million related to the...

Egypt Gas Company Marks Loses

• Sunday, 14th August 2016
• by Egypt Oil & Gas

Egypt Gas Company’s losses in the second quarter of 2016 reached EGP 61.9m ($6.96m), in comparison to EGP 31.3m ($3.5m) during the same period from 2015, Al Borsa reported. This represents a 97.8% increase in lo...

BP Declares 44% Drop in its Profit in Q2 2016

• Wednesday, 27th July 2016
• by Egypt Oil & Gas

BP reported that its profit for the second quarter of 2016 has dropped by 44% to $720m, compared with $1.3b for the second quarter of 2015, reported Hellenic Shipping News. BP CEO, Bob Dudely, was quoted by The Guardi...