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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.
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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