Tag Archive

African Energy Chamber Applauds Angola’s Membership in GECF

African Energy Chamber Applauds Angola’s Membership in GECF

November 15, 2018 No Comments

The Gas Exporting Countries Forum has been at the forefront of promoting the use of natural gas as an affordable and sustainable fuel of choice for sustainable development. African countries rallying around the drive of Equatorial Guinea’s Mines and Hydrocarbon Minister, Gabriel Mbaga Obiang Lima’s drive to monetize gas and engage with OPEC and GECF […]

ExxonMobil Earnings Increase 57 Percent to $6.2 Billion

ExxonMobil Earnings Increase 57 Percent to $6.2 Billion

November 5, 2018 No Comments

Exxon Mobil Corporation announced estimated third quarter 2018 earnings of $6.2 billion, or $1.46 per share assuming dilution, compared with $4 billion a year earlier. Cash flow from operations and asset sales was $12.6 billion, including proceeds associated with asset sales of $1.5 billion. During the quarter, the company distributed $3.5 billion in dividends to […]

NNPC Reports Natural Gas Production Up by 8 Per cent

NNPC Reports Natural Gas Production Up by 8 Per cent

November 5, 2018 No Comments

A total of 230.35Billion Cubic Feet (BCF) of natural gas was produced in the country in July 2018, averaging a daily production of 7,678.17Million Standard Cubic Feet (mmscfd), NNPC Monthly Financial and Operations report for July 2018 has stated. The sum represents 8.81 per cent increase compared to the previous month of June 2018. The […]

Total and Sempra Energy sign Memorandum of Understanding

Total and Sempra Energy sign Memorandum of Understanding

November 5, 2018 No Comments

Sempra Energy (NYSE: SRE) and Total S.A. (NYSE: TOT) today announced that they have entered into a Memorandum of Understanding (MOU) that provides the framework for cooperation in the development of North American liquefied natural gas (LNG) export projects. The scope of MOU covers continuing the development of the Cameron LNG liquefaction-export project in Louisiana […]

Chevron Reports 3rd Quarter Net Income of $4.0 Billion

Chevron Reports 3rd Quarter Net Income of $4.0 Billion

November 2, 2018 No Comments

Chevron Corporation (NYSE: CVX) today reported earnings of $4.0 billion ($2.11 per share – diluted) for third quarter 2018, compared with $2.0 billion ($1.03 per share – diluted) in the third quarter of 2017. Included in the current quarter were a write-off, an asset impairment, and a non-recurring contractual settlement totaling $930 million in the […]

CME Group Averaged 20.6 Million Contracts Per Day in October 2018

CME Group Averaged 20.6 Million Contracts Per Day in October 2018

November 2, 2018 No Comments

CME Group, reached average daily volume (ADV) of 20.6 million contracts per day during October 2018, up 38 percent from October 2017. Open interest at the end of October was 128 million contracts, up 6 percent from October 2017 and up 19 percent from year-end 2017. Equity Index volume averaged 4.7 million contracts per day […]

Zhonghua Gas Announces Profit Alert to 30 September 2018

Zhonghua Gas Announces Profit Alert to 30 September 2018

October 29, 2018 No Comments

Zhonghua Gas Holdings Limited (the “Company”; Stock Code: 8246) together with its subsidiaries (collective namely the “Group”) today announces that positive profit alert for the nine months ended 30 September 2018. Based on the preliminary review of the relevant unaudited consolidated management accounts, the Group expects to record a substantial increase in the total revenue […]

Major oil and gas exporters face challenges in years ahead – IEA

Major oil and gas exporters face challenges in years ahead – IEA

October 26, 2018 No Comments

Major oil and gas exporters have weathered many upheavals in recent decades but a renewed commitment to reform and economic diversification will be vital to cope with the changing dynamics of global energy. These include rising production from new sources such as shale, uncertainties over the pace of oil demand growth and deployment of new […]

Total in Algeria

Total in Algeria

October 8, 2018 No Comments

Total’s exploration and production activities in Algeria date back to 1952. In 2017, Total’s production in Algeria averaged 15,000 barrels of oil equivalent per day (boe/d), all of it from the TFT gas and condensate field, in which the Group currently holds a 35% in interest. In June 2017, Total signed a new concession contract […]

Unconventional Gas Market Size & Share Survey Report 2018-2024

Unconventional Gas Market Size & Share Survey Report 2018-2024

September 26, 2018 No Comments

A recent report published by Infinium Global Research on Unconventional Gas Market provides in depth analysis of segments and sub-segments in global as well as regional Unconventional Gas Market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional Unconventional Gas Market over the short term as well […]

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