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Beach Energy plunges to $79.1m loss on write-downs
2015-02-23 07:47:47| Energy - Topix.net
Chevron's exit would deprive Beach of about $77 million of cash payments plus funding for further drilling, and would harm sentiment around the prospects for unconventional oil and gas in Australia as a whole. The future of Beach Energy's shale exploration venture with Chevron is hanging in the balance as the US oil giant mulls whether to proceed with a second stage of drilling in the Cooper Basin.
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US rig count plunges 98 to 1,358
2015-02-13 23:43:24| Oil & Gas - Topix.net
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. plunged by 98 this week to 1,358 amid depressed oil prices. The Houston firm said Friday in its weekly report that 1,056 rigs were exploring for oil and 300 for gas.
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Dean Foods Plunges As High Costs Crimp Q4 Profit
2015-02-11 05:55:18| Food - Topix.net
' first profit in four quarters missed targets amid rising raw milk costs, and its earnings guidance for the current quarter was light. The largest U.S. milk products processor earned 8 cents per share minus one-time items in the fourth quarter, 3 cents below consensus and down 56% from a year earlier.
US rig count plunges 87 to 1,456
2015-02-06 20:29:07| Oil & Gas - Topix.net
" Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. plunged by 87 this week to 1,456 amid depressed oil prices. The Houston firm said Friday in its weekly report 1,140 rigs were exploring for oil and 314 for gas.
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US stock indexes mostly fall as price of oil plunges again
2015-02-05 01:11:25| Apparel - Topix.net
The stock market ended an uncertain day mostly lower after the price of oil took another plunge. Stronger profits at Disney pushed its stock higher, giving the Dow Jones industrial average a small lift.
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