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Repsol Profits Soar on Higher Prices
Spanish producer Repsol announced second quarter net profits on July 27 up 79% year on year at €367mn ($430mn). Higher average realised prices helped its E&P…
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Shell Boosts 2Q Earnings, Eyes US Sanctions, Qatar Chances
Shell posted a strong increase in second quarter net profits on July 27, up 31% year on year at $1.545bn, as it said it was monitoring carefully the progress of US sanctions…
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UK Indie to Partner YPFB in Bolivia
UK-listed South American gas explorer Echo Energy said July 26 it had signed a technical evaluation agreement for Rio Salado Block, onshore Bolivia. The agreement is a long way…
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[Premium] EU Raises Alarm Over US Sanctions Impact
The European Commission (EC) has expressed concern about how draft US sanctions against Russia might "impact on EU energy independence." At their weekly top-level meeting, July…
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Spain's Gas Natural Cheered by LNG Deal
Spanish Gas Natural’s net profit fell by 15% year on year to €550mn ($640mn) in first half 2017, it said July 26, but it had good news regarding an LNG deal. GN’s…
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Petronas Scraps Canadian LNG Project (Correction)
(Corrects name and status of Shell's Canadian project, para 1) The Petronas-led Canadian venture Pacific NorthWest LNG in Port Edward, British Columbia will not proceed as…
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Halliburton Makes Slim 2Q Profit
US oil and gas services giant Halliburton posted a 2Q 2017 profit of $28mn, contrasting with its year-ago $3.2bn 2Q loss when it booked a $3.52bn loss from the fee to terminate…
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NextDecade In Irish FSRU Talks
Texas-based LNG export projects developer NextDecade last week announced it has signed a memo of understanding with Ireland's Port of Cork. Under the MoU, both parties have…
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BP Eyes US Midstream IPO, But Not Sale of UK Fields
BP said July 18 it is evaluating the formation and initial public offering (IPO) of a master limited partnership (MLP) to enhance shareholder value and to support BP's strategy…
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US Fines Exxon $2mn for Sechin Contacts under Tillerson
ExxonMobil has been fined $2mn by the US Treasury Department for violations of sanctions against Russia; the US supermajor has said it will appeal. The case highlights a…
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Mexican Capacity in Gas Grid Overbid
Mexico’s gas transmission system operator Cenagas has auctioned capacity rights on the country’s natural gas pipeline grid and discovered there was more demand…
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US Venture LNG Hires Total Exec
US export projects developer Venture Global LNG has hired Total's global LNG development head Tom Earl as its chief commercial officer, it said July 19. Whereas Earl will…
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BP, Total to Lead $1.15bn Argentina Shale Project
Argentina's state producer YPF said July 18 that it, together with partners BP-led Pan American Energy, Total and Germany's Wintershall, had signed an agreement with the province…
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CGG Awarded Petrobras Seismic Processing Job
French geosciences group CGG said July 19 it has been awarded a contract by Petrobras to process the seismic data from a 3D Ocean Bottom Node (OBN) survey covering a…
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Enagas Profits Buoyed by Chile, Despite Peru
Spanish gas grid owner-operator Enagas’s 1H profits increased by a quarter year on year, despite problems in Peru. Excluding proceeds from Enagas’s part sale of…
