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Fracture ID unveils new low cost solution for oil and gas companies

2016-08-02 01:00:00| Hydrocarbons Technology

US-based oil and gas technology company Fracture ID has unveiled a new low cost solution for engineered completions.

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Deutsche Bank threatens deeper cost cuts as profits dive

2016-07-27 09:18:57| BBC News | Business | UK Edition

Deutsche Bank warns further cost cutting might be needed as profits dive 98% in the second quarter amid low interest rates and volatile markets.

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KPN Q2 sales fall 3.7%, profits increase on cost cuts

2016-07-27 08:19:00| Telecompaper Headlines

(Telecompaper) KPN reported second-quarter sales down 3.7 percent to EUR 1.68 billion, while EBITDA was up 1.9 percent to EUR 579 million thanks to cost reductions. EBIT increased 21 percent to EUR 205 million, and net profit rose 1.3 percent to EUR 162 million. Capital expenditure at the Dutch operator edged 2.0 percent higher at EUR 312 million, and free cash flow increased 9.5 percent to EUR 254 million. KPN maintained its outlook for flat EBITDA, capex of EUR 1.2 billion and free cash flow over EUR 650 million in 2016.

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BP's underlying replacement cost profit for Q2 2016 falls to $720m

2016-07-27 01:00:00| Offshore Technology

BP has reported that underlying replacement cost profits for the second quarter of this year fell to $720m, down 44% from $1.3bn a year ago.

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Golar and Schlumberger form OneLNG JV; targeting development of low cost gas reserves to LNG

2016-07-26 18:55:57| Green Car Congress

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