Russia's Transneft Reports 19% Drop

Posted by Michelle Howard
Tuesday, August 28, 2018

Russian oil pipeline monopoly Transneft's first-half net profit fell 19.2 percent year on year to 92.1 billion roubles ($1.38 billion), the company said on Tuesday.

Transneft's first-half earnings before interest, tax, depreciation and amortisation (EBITDA) stood at 208.2 billion roubles, down 3.5 percent from the same period last year, the company said.

Reporting by Maxim Rodionov Writing by Tom Balmforth

Categories: Finance People & Company News Offshore Energy Shale Oil & Gas

Related Stories

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

US-Israel War on Iran Creates Biggest Energy Crisis in History

Oil Flows to Lag Even if Hormuz Strait Reopens

Strike Threat Grows at Ichthys LNG after Workers Reject Deal

Borr Drilling Expects Higher Activity as Rigs Return to Work

Eni Advances Angola Gas Project, Secures $9B Credit Facility

Remazel Expands Offshore Services Footprint in Brazil with H Tech Acquisition

Lamprell Secures ONGC Deal for Subsea Pipeline Replacement Project

Current News

Saipem Poised for Middle East Repair Work After Iran War

Middle East Conflict Jolts Offshore Drilling Market

Bureau Veritas Expands Offshore Services with New Asia Hub

Valeura Charters Shelf Drilling’s Jack-Up Rig for Gulf of Thailand Ops

Oil Prices Jump as Ships Come Under Fire in Strait of Hormuz

US-Israel War on Iran Creates Biggest Energy Crisis in History

Jadestone Secures Gas Sales Deal for Fields Offshore Vietnam

Oil Flows to Lag Even if Hormuz Strait Reopens

Eni Makes Major Gas Discovery Offshore Indonesia

Strike Threat Grows at Ichthys LNG after Workers Reject Deal

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com