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Total Profits Up in Volatile Q2
French oil major Total reported a second-quarter profit of $2.5bn, up 14% on the same period last year, despite only a 9% increase in oil prices and a 15% rise in gas prices.…
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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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Global Gas Flaring Up Again in 2016: World Bank
Gas flaring at oilfields rose by a further 2bn m³ last year to 149.3bn m³, from just over 147.2bn m³ in 2015 and has risen in each of the three years…
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Huge BP Writedown Points to Angolan Malaise
Angola’s oil and gas sector could be slower than its African neighbours to attract fresh investment, despite state-owned Sonangol’s July 3 report that it returned to…
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Sonangol Faces $2bn-Plus Claim
US independent Cobalt is claiming over $2bn damages from Angolan state Sonangol in respect of its cancellation last year of a $1.75bn deal. In its 1Q results filed May 8, Cobalt…
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Total OKs Argentina Shale Gas, 1Q Profits Soar
Total increased adjusted 1Q2017 net profit to $2.6bn, a 56% increase year on year, it said April 27, also sanctioning a key investment in Argentina's Vaca Muerta shale gas basin --…
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Spanish Gas Market Grows in 1Q
Gas supplies to the Spanish market in 1Q2017 were up by 8.4% year on year, according to Enagas. The gas grid operator that supplies to power generators increased by 16.5% to 13.5…
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Galp Output, Gas Sales Up in 1Q
In a trading update ahead of its results on May 2, Portugal’s Galp Energia said April 18 its worldwide 1Q2017 upstream production grew by over half while its gas sales were…
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Amec FW Secures BP Framework Contract
Amec Foster Wheeler announced April 7 that it has been awarded a global framework contract by BP to provide engineering, procurement support and project management services for…
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Sonangol Faces Arbitration over Ditched Deal
US upstream independent Cobalt International has recorded a $1.63bn impairment in Angola and threatened state Sonangol with arbitration for pulling out of a 2015 deal to buy…
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Sonangol 'Cuts Costs in Half': Dos Santos
Sonangol chair Isabel dos Santos told Cera Week in Houston March 7 that the Angolan state company is trying to cut costs and return to basics. “National oil companies have…
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Chevron Starts up Angolan Field
Chevron said March 8 that it has launched oil and gas production from the main production facility of the Mafumeira Sul project offshore Angola. "This milestone supports our…
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Nigeria Hits Chevron 4Q Earnings
Chevron reported 4Q 2016 earnings of $415mn, reversing the year-ago loss of $588mn, but net Nigerian production shrank by one-sixth because of the impact of militant attacks on…
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Angola LNG Restarts
Angola LNG has resumed production after a shutdown over the Christmas period. "I confirm that Angola LNG's plant has restarted production," a spokesperson for the venture…
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Angola LNG Confirms Outage
"Angola LNG is conducting a controlled shutdown for a minor intervention and expects to resume production shortly," a spokesperson has told NGW. No details of when the shutdown…
