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Tag: impairment
Petrobras Warns Economy Has Changed Forever as It Books Massive Impairment
2020-05-15 14:53:46| OGI
The company wrote off the entire value of its shallow-water assets and said it did not expect to resume production at six high-cost production assets currently for sale.
Tags: books
changed
economy
forever
Schlumberger Books $8.5 Billion Impairment Charge as Oil Prices Collapse
2020-04-17 15:08:20| OGI
Schlumberger NV said on April 17 it recorded an $8.5 billion charge to earnings as the worlds top oilfield services provider slashed the value of some of its units following the collapse of oil prices.
Cairn Revises Up Kraken Oil Field Reserves, Reversing Impairment
2020-03-10 14:45:12| OGI
Cairn, which owns 30% of Kraken, upgraded its reserves estimates at the field by 6.4 million barrels of oil equivalent after it performed better than expected last year.
Tags: field
oil
reserves
impairment
Occidental Petroleum Posts Loss After Taking Over $1.7 Billion Impairment, Charges
2020-02-28 16:00:00| OGI
Occidental Petroleum has been aggressively cutting costs by laying off staff and selling assets to pay down its $38.54 billion debt pile following its acquisition of Anadarko Petroleum.
Tags: posts
taking
loss
charges
TechnipFMC Expects Impairment Charges Of $2.4 Billion
2020-02-11 11:10:00| OGI
Weakening North American shale activity due to lower oil prices has taken a toll on oilfield services provider, including TechnipFMC which expects to take asset impairment charges in the fourth quarter.
Tags: charges
billion
expects
impairment