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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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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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Kazakh Gross Gas Output Up 15% in 1H
Thanks to the start-up of the Kashagan offshore field in the Caspian last autumn, Kazakhstan increased production of oil, condensate and natural gas significantly in first half…
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Eni Signs Energy Agreements with Kazakhstan
Eni has signed a number of energy agreements with Kazakhstan. The company June 22 said that it has signed an agreement with state owned KazMunayGas which renews the…
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KMG Buys MOL Interest for $1
KazMunaiGas Exploration Production (KMG EP), the subsidiary of state-owned KMP, said June 16 it has acquired a 49% share in Karpovskiy Severniy exploration block in western…
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Kazakhstan May Expand Gas Transits to China
Kazakhstan is ready to study carefully the issue of extending contracts with Chinese companies in the energy sector, Kazakh president Nursultan Nazarbayev said June 8, noting…
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Turkmen Gas Exports to China Up, Value Down
China in 2016 increased piped gas imports by 13.3% to 38.32bn m3, according to Chinese customs statistics, but their value fell by 22% to $7.55bn. The leading gas exporter was…
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Eni Back in Profit in 4Q, Backs Descalzi over Nigeria
Eni on March 1 reported a net loss for full year 2016 of €1.46bn, much lower than its year-before loss of €8.78bn but still had no update on when or if a final…
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Kazakh Gas Exports Rise for Third Year
Kazakhstan’s commodity sector is trying to develop its gas production as oil output falls, according to local analysts Finprom.kz. Oil output is down 5% and gas output…
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ExxonMobil's Q4 Profits Fall 40%
US supermajor ExxonMobil January 31 reported Q4 2016 profit of $1.68bn, down 40% on the year-previous figure. For the year as a whole, 2016 earnings were $7.8bn, including a US…
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KPO 'Has Nine Months' to Satisfy Government
Within nine months, the shareholders of Karachaganak Petroleum Operating (KPO) will have to come up with a proposal to Kazakhstan's government on how to resolve the dispute…
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Gazprom, KMG Agree 2017 Sales
Gazprom and Kazakhstan’s KazMunaiGaz have agreed on volume of deliveries of Kazakhstan gas for 2017 of about 12.8bn m3, state producer KazMunaiGaz (KMG) has reported on the…
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Chinese Wison Wins Kazakh LNG Project EPC Contract
Chinese Wison Engineering Services has been awarded an engineering, procurement and construction contract to build an LNG project in Kazakhstan, the company said December 20. …
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Tethys Resumes Kazakh Gas Sales
Tethys Petroleum resumed gas sales to Kazakh transportation company Intergas Central Asia (ICA) December 9, the Cayman Islands company said December 12. ICA had previously…
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Chevron To Trim Capex for 4th Year
Chevron late December 7 announced a 2017 capital and exploratory spending programme of $19.8bn, which it expects to be at least 15% lower than its 2016 expenditure and 42% less…
