Archer Expects Slightly Better Q4 than Q3
Oil services company Archer expects the fourth quarter to be slightly better than the third quarter, Chief Financial Officer Dag Skindlo said on Tuesday.
Saudis, Russia Agree on Output Freeze
Saudi Arabia, Russia, Qatar and Venezuela agree plan - Iran says no. Top oil exporters Russia and Saudi Arabia agreed on Tuesday to freeze output levels but said the deal was contingent on other producers joining in - a major sticking point with Iran absent from the talks and determined to raise production.
OPEC's Meeting this Week in Vienna
The Organization of the Petroleum Exporting Countries meets on Friday in the Austrian capital, with delegates saying the group will leave its oil output policy unchanged. Iraqi Oil Minister Adel Abdel Mahdi, speaking at the OPEC International Seminar in Vienna on Wednesday. "There is an optimism and general acceptance with the current situation…
Keppel Q1 Profits Dip Slightly
The Keppel Corporation released its limited unaudited results for the first quarter ending March31, 2014, reporting a 5% decrease in net profits to S$339 million compared to Q1 2013's S$357 million, though the company attributed the decline to one-off gains from the reversal of provision…
Optimistic Forecast for North Sea Drilling
North Sea drilling activity remains steady, with a positive forecast for the next two quarters, according to a new report into offshore activity from Deloitte, the business advisory firm. The report, compiled by Deloitte’s Petroleum Services Group (PSG) found that although the number of new…
