Posts Tagged ‘figure’

OMV profits on higher output

by on November 7, 2012 8:16 am BST
Net income for the third quarter of 2012 totaled 401 million euro ($516 million), up 11% on the 362 million euro profit booked during the same period last year.The rise in profits came as sales revenue climbed 26% to 10.9 billion euro, compared to just under 8.7 billion euro a year ago.Helping lift

Iraq sees big oil leap by 2020

by on October 10, 2012 10:14 am BST
Iraq is reportedly targeting oil production of as much as 10 million barrels per day by 2020 as a senior energy official revealed on Wednesday that the country’s output has now hit 3.4 million bpd – the highest level for at least three decades.The goal outlined by Deputy Prime Minister for Energy

Lukoil sees profits slashed

by on August 31, 2012 12:51 pm BST
The figure, down 69% from $3.25 billion a year earlier,  missed analysts’ average forecast of $2.34 billion, according to Reuters. Net income for the first six months dropped 29% to $4.8 billion.The privately-owned company, led by chief executive Vagit Alekperov, was clobbered by a higher income tax bill

Global oil workers raking in pay

by on August 30, 2012 1:41 pm BST
Data released by this week also found Europe lagging other regions when it comes to the training crucial to maintaining a future supply of skilled workers, Reuters reported.Executives at the Offshore Northern Seas conference said finding the right talent to keep the industry healthy was becoming a