REUTERS - Total’s French retail electricity arm is on track to win 700,000 customers this year, challenging former state monopolies EDF and Engie with a low-cost, digital service it believes could mimic Uber’s success in the taxi market.
REUTERS - Saudi Aramco’s gas expansion strategy needs $150 billion worth of investments over the next decade as the company plans to increase output and become an exporter, its chief executive said on Tuesday.
PETRONAS - PETRONAS Group's revenue for the third quarter of 2018 increased by 19% as compared to the third quarter of 2017 mainly due to the impact of higher average realised prices recorded for key products partially offset by the effect of strengthening of Ringgit against US Dollar exchange rate and the impact of lower sales volume mainly for LNG.
REUTERS - Norway’s sovereign wealth fund, the world’s largest, will no longer exclude Cairn Energy Plc (CNE.L) and Kosmos Energy Ltd (KOS.N) from its portfolio of investments, the Norwegian central bank said on Tuesday.
REUTERS - The country’s oil production has fallen to just 1.17 million barrels-per-day, a 37 percent drop in the last year, according to reports from secondary sources to OPEC, leaving itstruggling to ship Russian entities the roughly 380,000 bpd it has agreed to send, according to PDVSA
IRNA - Iranian Petroleum Minister Bijan Zangeneh referred to Total withdrawal from South Pars phase 11 saying Chinese company CNPC replaced the French company.
GAZPROM - Pursuant to the draft investment program for 2019, the overall amount of investments will stand at RUB 1,325.724 billion, with RUB 963.019 billion intended for capital investments, RUB 151.505 billion for the acquisition of non-current assets, and RUB 211.2 billion for long-term financial investments.
NOVATEK - PAO NOVATEK (“NOVATEK” and/or the “Company) announced that its joint venture Yamal LNG has commenced initial production of LNG at the plant’s third LNG train. The total nameplate capacity of all three LNG trains is 16.5 mmtpa, or 5.5 mmtpa per LNG train.
"Construction of TurkStream – a new gas pipeline connecting Russia and Turkey via the Black Sea – is entering its final stage. The work is well ahead of schedule: the offshore section of the gas pipeline was completed as early as today instead of in December as planned earlier. The swift pace of this project can be attributed to the concerted and coordinated efforts of the project team. In late 2019, the gas pipeline will be brought into operation. It will become an additional guarantee of energy security in Turkey and the countries of southern and southeastern Europe," said Alexey Miller, Chairman of the Gazprom Management Committee.
GAZPROM - the growth in natural gas consumption around the world continued unabated. In 2016–2017, it added more than 3 per cent on a yearly basis. The growth rate for 2018 may be even higher.
GAZPROM NEFT - RUB298.7 billion — Gazprom Neft’s net profit for 9M 2018, a 58-percent increase on 9M 2017; RUB614.5 billion adjusted EBITDA* for the first nine months of 2018 — up 53.9 percent on 9M 2017; Free cash flow (FCF) for 9M 2018, standing at RUB134.8 billion, a 62.4-percent increase year-on-year.
PLATTS - French nuclear performance has improved following a near-record low 379 TWh in 2017, but this is still only the fourth time this century for annual output below 400 TWh for the current fleet of 58 reactors.
LUKOIL - For the first nine months of 2018 LUKOIL Group's average hydrocarbon production excluding West Qurna-2 project was 2,301 thousand boe per day, which is 3.7% higher year-on-year.
GE - Baker Hughes, a GE company and General Electric Company Announce a Series of Long-Term Agreements to Maximize Value for Both BHGE and GE
ADNOC - The Abu Dhabi National Oil Company (ADNOC) signed a framework agreement with Saudi Aramco (Aramco), to explore potential opportunities for collaboration in the natural gas and Liquefied Natural Gas (LNG) sectors.