OutPut

Can Big Oil win back investors?

For generations of investors, Exxon Mobil Corp. has been a cornerstone of fund managers’ portfolios alongside the biggest names in corporate America. Not so much any more.

From leading the S&P 500 Index a decade ago, the company has dropped to the ninth-largest in a top 10 now dominated by technology giants. Its rivals Royal Dutch Shell Plc and Chevron Corp. aren’t faring much better, with investors demanding unusually high dividend yields to hold the stocks.

At fault, a toxic

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Arrested Chevron workers could face treason charge in Venezuela

HOUSTON/CARACAS (Reuters) – Two Chevron Corp. employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state-owned oil company PDVSA, according to two sources familiar with draft charges against the U.S. firm’s executives.

The arrests, by national intelligence agents, marked the first at a Western oil firm in Venezuela and represent a dramatic escalation of growing tensions between PDVSA and foreign companies over control of supply contracts,

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Hit by lower revenues, Saipem slips into the red

Affected by lower revenues, Italian offshore contractor Saipem sank to a loss during the first quarter of the year. 

In its financial report on Tuesday, Saipem said its revenues were down by 15.4% during the first quarter of the year, amounting to €1.9 billion, compared to €2.26 billion in the prior-year quarter.

The decrease was due to a contraction in the Offshore and Onshore E&C sectors, as well as in the Offshore Drilling sector.

Furthermore, the company booked a loss of €2 million

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Halliburton Returns To Q1 Profit On Strong North America Business

On Monday, Halliburton (NYSE:HAL) reported a net income for the first quarter, compared to a net loss for the same period last year, as the oilfield service group’s revenue jumped on the back of a robust drilling market in North America so far this year.

Halliburton booked a net income of US$46 million, or US$0.05 per diluted share, for Q1 2018, compared to a loss from continuing operations of US$32 million, or US$0.04 per diluted share, for Q1 2017.

Revenues

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Brazil Poised For Historic Oil Boom

After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3 percent.

One of the key drivers of Brazil’s improving economic outlook are Brasilia’s plans to launch what could become the biggest

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