The Canadian independent had to write down the value of some North American assets, while Canadian gas prices also sank.
The net loss for the year to the end of December was $1.18 billion as compared to a profit of $132 million in 2012.
Revenues shrank from $7.17 billion to $4.49 billion following major divestments, such as the C$1.5 billion (US$1.36 billion today) sale of a 75% stake in its Montney acreage in Canada.
Talisman
