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Tag: slump
Statoil posts quarterly loss amid oil price slump
2015-02-06 10:59:52| Oil & Gas - Topix.net
Norwegian energy group Statoil ASA says it will cut back on investments and costs as the slump in oil prices prompted a loss in the fourth quarter despite higher production. Statoil's net loss in the fourth quarter was 8.9 billion kroner compared to a profit of 14.8 billion kroner in the same period in 2013.
Wave of Australian LNG write-downs looms amid oil slump
2015-02-04 15:17:43| Energy - Topix.net
The seven-month oil rout threatens to erode the returns of local LNG producers, whose contracts with Asian buyers are linked to crude. Photo: Michele Mossop BG Group's move to write down the value of its Australian assets after the slide in oil prices may kick off a wave of impairments in the country's natural gas export industry.
Tags: oil
wave
australian
lng
Toyota lifts profit outlook as weak yen offsets Japan slump
2015-02-04 09:07:56| Automakers - Topix.net
Toyota Motor Corp lifted its operating profit guidance on Wednesday in a widely expected move, as a weaker yen increases the value of sales overseas and makes up for slumping demand at home. The yen's decline has been a boon for Toyota, which exports roughly half of its vehicles produced in Japan.
Tags: japan
profit
weak
outlook
Wave of Australian LNG write-downs looms amid oil slump
2015-02-04 07:39:12| Oil & Gas - Topix.net
The seven-month oil rout threatens to erode the returns of local LNG producers, whose contracts with Asian buyers are linked to crude. Photo: Michele Mossop BG Group's move to write down the value of its Australian assets after the slide in oil prices may kick off a wave of impairments in the country's natural gas export industry.
Tags: oil
wave
australian
lng
Exxon, Chevron mega-projects finally come on line, just as oil prices slump
2015-02-03 01:36:20| Oil & Gas - Topix.net
Exxon Mobil has been working for years on a fleet of enormous new oil and gas projects in places such as Abu Dhabi, Russia, Papua New Guinea, and the Gulf of Mexico designed to turn around what has been a consistent and alarming slide in oil and gas production. A record eight of these mega-projects came on-line last year, Exxon said Monday - just as oil prices were falling by more than half.
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