Profits | Egypt Oil & Gas - Part 3
Chevron Cuts Capital Spending Plans for 2016-2018
US energy giant Chevron said it was further cutting spending plans for 2016-2018 to address low oil and natural gas prices that are hammering its profits. The company will also slash 10% of its workforce in 2016.
Nigeria to Boost Profitability in UAE as it Fights Oil Corruption at Home
Alpha Group of Companies Chairman/CEO Sheikh Mohamed Bayorh and senior executives from leading prominent companies in UAE welcomed the Nigerian Minister of State Petroleum Resources, Honorable Emmanuel Kachikwu this ...
Fears that Dana Gas Losses May Affect Egypt Investments
UAE-based Dana Gas announced a $7.6m loss in the third quarter of 2015. The company operates mostly in Egypt and Iraq.
Dana Gas Making Cutbacks After $9m Oil Prices Loses
The UAE’s Dana Gas reported third quarter gross revenue of $93m as compared to $174m and an overall net loss of $9m.
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.
