HOUSTON, Jan. 28, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) announced today results for the fourth quarter and full year of 2015. "Our 2015 results are reflective of an extremely difficult and increasingly challenging year for the industry," said Martin Craighead, Baker Hughes Chairman and Chief Executive Officer. "Since the fourth quarter of 2014, the global rig count has declined 46% as our customers adjusted their spending to align with declining commodity prices. Despite [Read more]
Archives for January 2016
NextEra Energy Partners, LP 2015 fourth-quarter and full-year financial results available on partnership’s website
JUNO BEACH, Fla., Jan. 28, 2016 /PRNewswire/ -- NextEra Energy Partners, LP (NYSE:NEP) has posted its 2015 fourth-quarter and full-year financial results in a news release available on the partnership's website by accessing the following link: www.NextEraEnergyPartners.com/Earnings. Jim Robo, chairman and chief executive officer of NextEra Energy Partners, John Ketchum, senior vice president, finance, NextEra Energy, and other members of the senior management team will discuss the [Read more]
Canadian outlook downgraded on resource weakness: CIBC
Accelerated layoffs in the sector and oil's further plunge put more downward pressure on Canadian GDP TORONTO, Jan. 28, 2016 /CNW/ - Anemic job growth, trouble in the oil patch and a fragile resource sector have led to a winter of discontent for the Canadian economy, as this year's real GDP growth is likely to come in at 1.3 per cent according to a revised economic forecast from CIBC World Markets. The downgraded outlook for Canada's exposed economy points to more pain for an already [Read more]
GasLog Partners LP Reports Financial Results for the Three-Month Period Ended December 31, 2015 and Declares Cash Distribution
MONACO, Jan. 28, 2016 (GLOBE NEWSWIRE) -- GasLog Partners LP ("GasLog Partners" or the "Partnership") (NYSE:GLOP), an international owner and operator of liquefied natural gas ("LNG") carriers, today reported its financial results for the three-month period ended December 31, 2015. Partnership Performance(1) Highlights Highest-ever quarterly performance for Revenues, Profit, EBITDA, Adjusted EBITDA and Distributable cash flow. Declared cash distribution of $0.478 per unit for the [Read more]
AEP Reports 2015 Fourth-Quarter And Year-End Earnings; Strong Performance Driven By Investment In Core Operations
COLUMBUS, Ohio, Jan. 28, 2016 /PRNewswire/ -- Fourth-quarter 2015 earnings $0.96 per share GAAP and $0.48 per share operating Year-end 2015 earnings $4.17 per share GAAP and $3.69 per share operating Company reaffirms 2016 operating earnings guidance range of $3.60 to $3.80 per share Company increases planned capital investments for 2017 and 2018 to $5 billion annually AMERICAN ELECTRIC POWER Preliminary, unaudited results Fourth-quarter ended Dec. 31 Year-to-date [Read more]
Oasis Petroleum Inc. Announces Public Offering of Common Stock
HOUSTON, Jan. 28, 2016 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") announced today that it has commenced an underwritten public offering of 34,000,000 shares of common stock. Oasis expects to grant the underwriter a 30-day option to purchase up to 5,100,000 additional shares of common stock. Oasis intends to use the net proceeds of this offering for general corporate purposes and to fund a portion of its 2016 capital expenditures. Citigroup is acting as sole [Read more]
Penn West Announces Operational Update, 2016 Capital Budget and Provides Full Year Guidance
CALGARY, Jan. 28, 2016 /CNW/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE – PWE.BC) ("Penn West", "we", "us" or "our") announces that the Board of Directors has approved a highly disciplined capital budget of $50 million for 2016. This budget responds to the significant decline in commodity prices and proposes capital spending levels 90 per cent lower than the 2015 planned capital program. Our 2016 capital budget is consistent with the strategy announced on September 1, 2015 which limits our [Read more]
Penn West Announces Operational Update, 2016 Capital Budget and Provides Full Year Guidance
CALGARY, Jan. 28, 2016 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX - PWT; NYSE – PWE.BC) ("Penn West", "we", "us" or "our") announces that the Board of Directors has approved a highly disciplined capital budget of $50 million for 2016. This budget responds to the significant decline in commodity prices and proposes capital spending levels 90 per cent lower than the 2015 planned capital program. Our 2016 capital budget is consistent with the strategy announced on September 1, 2015 which limits [Read more]
Small and medium businesses plan to cut back 27% in Alberta this year: survey
CALGARY - A new survey shows small and medium-sized businesses in Alberta will slash spending more than expected this year as the oil downturn hits every level of the province's economy. The government-owned Business Development Bank of Canada says smaller businesses in the province plan to invest about $11 billion this year, 27 per cent less than last year.That compares with a 14 per cent increase in planned spending in British Columbia, and either flat or modest growth in spending across the [Read more]
CARBO Announces Fourth Quarter and Fiscal Year 2015 Results
HOUSTON, Jan. 28, 2016 /PRNewswire/ -- CARBO Ceramics Inc. (NYSE: CRR) today reported a GAAP net loss of $50.0 million, or a loss of $2.17 per share, on revenues of $56.8 million for the quarter ended December 31, 2015. The GAAP net loss includes $30.5 million, or $1.32 per share, of after-tax charges and $5.7 million, or $0.25 per share, of after-tax costs associated with slowing and idling production. Logo - http://photos.prnewswire.com/prnh/20120503/MM00528LOGO CEO Gary Kolstad [Read more]
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