Modec announces 3Q results. For details, please refer to the following link: https://www.modec.com/news/pdf/2019_3q_results_en.pdf
MODEC, Inc. 2019 Third Quarter Financial Results.
PetroRio 3Q19 Earnings Release
Oct 31, 2019 Quarter Highlights Year-to-date Net Revenue of R$ 1.1 billion. Net Revenue of R$ 399 MM in the quarter, a 78% increase vs 3Q18. Adjusted EBITDA (ex-IFRS 16) of R$ 215.9 MM. Highest ever adjusted EBITDA margin (54%). Company lifting cost reduced to U$S 22,9/bbl, lower than 3Q18 (US$ 26.6/bbl). Highest ever adjusted... Continue Reading →
Oceaneering Quarterly Loss Narrows
Oceaneering has reported a net loss of $25.5 million, or 26 cents per share, for the three months ended September 30, 2019. The result compares with net loss of $66 million same time last year. During the prior quarter ended June 30, 2019, Oceaneering reported a net loss of $35 million, or 36 cents per... Continue Reading →
Shell 3Q CCS earnings dip 15%
Oil and gas giant Shell’s current cost of supply earnings, excluding identified items, in the third quarter of 2019 fell 15 percent. CCS income was ~$4,8 billion, down from ~$5,6 billion a year ago. The third-quarter revenue was $86,6 billion, down from $100,1 billion a year ago. Shell on Thursday said that compared with the... Continue Reading →
Repsol 3Q profit falls. Oil production rises
Spanish oil company Repsol reported a drop in 3Q 2019 profit. Net profit for the quarter was 333 million euros, a 46,7% drop from 625 million euros in 3Q 2018. Adjusted net income in the third quarter was €522 million, 11% lower year-on-year. In Upstream, adjusted net income was €218 million, €150 million lower than... Continue Reading →
Report: Petrobras sells ultra-deepwater drillship for $15 million
Oct 31, 2019 Brazilian oil company Petrobras has reportedly managed to sell the ultra-deepwater drillship Vitoria 10000 after its first auction received no bids. According to the Norwegian rig broker Bassoe Offshore, the drillship was sold earlier this week for around $15 million. “The second auction for the Petrobras-owned drillship, Vitoria 10000, the highest bid... Continue Reading →
Baker Hughes Improves Quarterly Profit
Baker Hughes has reported profit of $57 million or 11 cents per share on GAAP basis for the quarter ended September 30, 2019. The result compares with $13 million profit in Q3 2018, and $9 million loss sequentially. Adjusted net income (non-GAAP) attributable to Baker Hughes was $114 million, up 46% from same time last... Continue Reading →
Total profit tumbles due to lower prices
French oil major Total recorded a decrease in its 3Q 2019 profit affected by lower oil and gas prices despite an increase in production. Total’s adjusted net profit was $3.02 billion in the third quarter of 2019, a 24% decrease when compared to the same period last year and the adjusted net profit of $3.96... Continue Reading →
Pemex Posts $4.4 Bln Loss
Slumping revenues pushed Mexico's Petroleos Mexicanos to a net loss of 87.4 bln pesos ($4.43 billion) in the third quarter, but the struggling state oil firm said on Monday it had cut back its hefty debt load, bucking the trend of recent years. Pemex, as the company is generally known, held financial debts of $106... Continue Reading →
Rig impairments drag Transocean deeper into the red
Affected by impairments for three retired rigs, offshore drilling contractor Transocean more than doubled its losses in the third quarter of the year when compared to the last year’s 3Q. According to Transocean’s quarterly report published on Monday, the company’s total contract drilling revenues were $784 million in 3Q 2019, compared to $816 million in... Continue Reading →
