Anglo-Dutch oil major Shell more than doubled its profit in the fourth quarter of last year, delivering a continued momentum in its transformation, boosted by improved business performance and cost discipline, Kallanish Energy reports.
In 2016 and 2017, more than 200 liquefied natural gas cargos have been produced, loaded and shipped to 25 countries from Cheniere Energy’s Sabine Pass Liquefaction LLC in Louisiana through Oct. 31, 2017. The facility handled 44 cargoes in the third quarter 2017, compared to 18 in the 3Q 2016, Kallanish Energy reports.
Texas-based Summit Midstream Partners reported a third quarter net income of $93.6 million or $1.23 per share, Kallanish Energy reports. That compares to net income of $2 million or 0 cents per share in 3Q 2016.
Houston-based Occidental last week reported seven large third-quarter well completions in New Mexico’s Greater Sand Dunes area of the Permian Basin. It also lost more than $70 million due to Hurricane Harvey, Kallanish Energy reports.
Houston-based EOG Resources reported a third quarter net income of $100.5 million or 17 cents a share. That compares to a net loss of $190.0 million or 35 cents a share in 3Q 2016, Kallanish Energy reports.