Profits | Egypt Oil & Gas - Part 3
Oil Prices Force Taqa to Shift Gears
Abu Dhabi National Energy Company (Taqa) posted a net loss in the third-quarter as revenues were hit by weak oil prices.
Crude Oil Fails to Keep PetroRabigh Profits Afloat
Saudi Arabia's Rabigh Refining and Petrochemical Co (PetroRabigh) reported that its profits swung to a net loss in the third-quarter
Schlumberger Earnings Fall by Half
Schlumberger ltd, the world’s largest oil services company, said that its Q3 earnings have fallen by 49%,
EU Gas Imports from Russia Rise Even as Demand for the Fuel Falls
Europe is increasing imports of Russian gas even as demand on the continent is falling, reported Reuters.
Shell Posts Weak Q2 Profit, Plans to Cut Jobs
European oil giant Royal Dutch Shell Thursday reported a sharp fall in its profit for the second quarter, hit by the plunge in oil and gas prices.
Sipchem Profits Tumble More than Expected
Saudi International Petrochemical Co (Sipchem) reported a 55% drop in second-quarter profit on Monday
PetroRabigh Profits Strong and Steady Despite Oil Prices
Saudi Arabia's PetroRabigh on Monday said its second-quarter net profit nearly tripled as margins on some of its products improved.
The Rise and Decline of SABIC Petrochemicals Profits
Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemicals groups, reported a 4.5% drop in second-quarter net profit on Sunday, a much smaller decline than analysts had forecast.
