Tagged Prices

Origin’s LNG revenue dips despite APLNG record production

Rate this article By Adnan Bajic Australia’s power and gas retailer Origin Energy reported a slip in revenue as Australia Pacific LNG boasted record production in FY2020. Courtesy of Origin Energy The company noted its APLNG revenue for the financial year 2020 declined 5 per cent to $2.65 billion from $2.79 billion. The record production…

Red ink for ConocoPhillips on lower oil prices and volumes

Rate this article By Nermina Kulovic ConocoPhillips recorded a $1 billion loss in the second quarter of this year due to lower oil prices and production curtailments amid COVID-19 impact. The post Red ink for ConocoPhillips on lower… … Read Full Article Here For more great articles: Offshore Energy Today

Total logs profit despite COVID-19 effects

Rate this article By Adnan Bajic Total reported a 96 per cent drop in adjusted profit for the second quarter of 2020 due to lower prices and COVID-19 effects. The post Total logs profit despite COVID-19 effects appeared first on… … Read Full Article Here For more great articles: Offshore Energy Today

Novatek logs 40 percent plunge in quarterly profit

Rate this article By Mirza Duran Russian independent LNG producer Novatek reported a 40 percent decline in its second-quarter profit due to the effects related to the Covid-19 pandemic. Image: Novatek Net profit reached 41.6 billion roubles ($572.8 million) in the April-June period, compared to 69.1 billion roubles last year. Revenues also dropped 34.1 percent…

Hess sinks deeper into the red

Rate this article By Nermina Kulovic Hess sank deeper into the red during the second quarter of the year compared to the same period last year as its revenues dipped on lower oil and gas prices. The post Hess sinks deeper into the… … Read Full Article Here For more great articles: Offshore Energy Today

Report: B.C. in the Canadian LNG industry limelight

Rate this article By Adnan Bajic British Columbia’s liquefied natural gas (LNG) industry could be the stimulus the Canadian economy will need post-COVID-19. Courtesy of LNG Canada Liquefying and exporting natural gas offers an important diversification opportunity, especially when the traditional export market, the United States, is becoming increasingly self-sufficient, a report by the Conference…

SOCAR bids lowest in Pakistan LNG tender

Rate this article By Adnan Bajic State-owned Pakistan LNG noted that Azerbaijan’s SOCAR placed the lowest bid to supply a spot LNG cargo in late August. Courtesy of Pakistan LNG Pakistan LNG said that SOCAR’s bid came in at 5.74 per cent of Brent crude oil prices, which is approximately $2.2 per mmBtu. The company…

Lower oil prices hamper Oil Search Q2 revenue

Rate this article By Adnan Bajic The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search reported a drop in revenue due to lower oil prices. The post Lower oil prices hamper Oil Search Q2 revenue… … Read Full Article Here For more great articles: Offshore Energy Today

EnergyQuest: Australian FY2020 LNG revenue down, exports up

Rate this article By Adnan Bajic The revenue of Australian LNG exports slipped during the financial year 2020. This was despite stable oil prices in terms of the Australian dollar and rising volumes. Courtesy of Woodside Energy consultancy EnergyQuest noted that the total LNG export revenue is at $47.9 billion. This was down by $1.5…

Record output lifts Aker BP profit

Rate this article By Nermina Kulovic Aker BP booked a higher profit in 2Q 2020 on the back of record-high production despite lower income impacted by low oil prices and the coronavirus pandemic. The post Record output lifts Aker BP… … Read Full Article Here For more great articles: Offshore Energy Today