Petrobras’ output drops 2.5% in July

August 17, 2017 0

Brazilian state-controlled oil company Petrobras produced an average of 2.74 million barrels of oil equivalent per day (MMBOE/d) in July — a 2.5% decline over total oil and gas production in June due to a scheduled stoppage, Kallanish Energy learns.

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Lukoil’s Q2 natgas production up 7.6%

August 16, 2017 0

Russia’s largest independent oil producer Lukoil reported on Tuesday an increase of 7.6% in its natural gas production during the second quarter of 2017 thanks the start-up of new developments earlier this year, Kallanish Energy learns.

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Oil output resumes at Libya’s largest field 🔓

August 9, 2017 0

Libya’s National Oil Corporation (NOC) said on Tuesday production at the country’s largest oilfield, Sharara, was gradually returning to normal rates after hours of interruption due to an armed protest, Kallanish Energy learns.

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BP’s Q2 production up 10%, costs down

August 2, 2017 0

British oil major BP announced on Tuesday a production growth of 10% year-over-year in the second-quarter, boosted by start-ups and recent portfolio acquisitions, Kallanish Energy learns.

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Statoil beats Q2 forecasts

July 28, 2017 0

Not different from its European peers Shell and Total, Norwegian oil major Statoil also reported solid financial results and strong cash flow on Thursday, thanks to high production efficiency, higher realised prices and continued cost improvements.

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Shell shows cash generation resiliency in Q2

July 28, 2017 0

Anglo-Dutch oil supermajor Shell reported Thursday a cash generation resiliency over four consecutive quarters, at an average oil price of under $50 a barrel, as its “financial transformation” helps the company to become “completely fit for the future.”

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