Special reports

Publicly traded E&Ps and service companies are entering a Q2 earnings season anticipating a slowdown across the unconventional plays.

BP’s profit for the second quarter and half year was US$144 million and US$1593 million respectively, compared with a loss of US$1419 million and a loss of US$2002 million for the same periods in 2016.

McKinsey Energy Insights has released its latest Global Gas Market Outlook, in which the company predicts that natural gas will represent 23% – up from 22% in 2016 – of the global energy mix by 2030.

Exxon Mobil Corporation has announced estimated second quarter 2017 earnings of US$3.4 billion, or US$0.78 per diluted share, compared with $1.7 billion a year earlier, as oil and gas realisations increased and refining margins improved.

The latest annual health and safety data published for the UK offshore oil and gas industry signals a continued trend of improving performance despite 2016 being a challenging year, says Oil & Gas UK.

Plug & abandonment (P&A) and well repair specialist HydraWell has appointed Mark Sørheim as its new chief executive officer.

Move set to strengthen service offering in Asia Pacific and further extends global reach.

Statoil reports adjusted earnings of US$3.0 billion and adjusted earnings after tax of US$1.3 billion in the second quarter of 2017. IFRS net operating income was US$3.2 billion and the IFRS net income was US$1.4 billion.

Optical-gas imaging makes gas clouds visible and operates as an infrared sensor capable of operating within the thermal spectrum, Laith Amin, Advisian, explains.

Cabot Energy has provided the following update on the company's production and operations ahead of the start-up of the Canadian summer work programme.

Marius Kluge Foss and Gina Nygard, Rystad Energy, review the state of the upstream industry on the Norwegian Continental Shelf and propose a way to electrify the Barents Sea, the new Norwegian petroleum province.

Record number of expert submissions to technical conference; programme underlines Abu Dhabi’s leadership in energy world.

Horizon Oil is pleased to advise that it has increased to about 28% its interest in the total certified resources contained in Papua New Guinea’s Western Foreland fields of 2.0 - 2.5 tcf gas and 60 - 70 million bbls of condensate.

This figure includes the accounting impact produced by the full consolidation of the Quintero LNG plant in Chile, included since January 2017. Taking this into account, net profit has increased by 25.6% on the same period last year.

In recent weeks, upstream North American markets have recovered more strongly than formerly anticipated. Higher levels of frack fleet utilisation and significant tightening of industry capacity are both benefiting the Group’s Oil & Gas division.