2018

Africa Oil & Gas: Sonangol reports US$17.7Bi in 2018 revenues

Posted on February 26, 2019February 26, 2019 by Mozambique Resources Post

The turnover of the Sonangol Group in 2018 reached US$17.7 billion, according to Carlos Saturnino, the chairman of the board of the Angolan state oil company, speaking in Luanda.

Global Industry: ExxonMobil Earns $20.8 Billion in 2018

Posted on February 1, 2019February 1, 2019 by Mozambique Resources Post

Exxon Mobil Corporation today announced estimated 2018 earnings of $20.8 billion, or $4.88 per share assuming dilution, compared with $19.7 billion a year earlier. Excluding U.S. tax reform and asset impairments, earnings were $21 billion, compared with $15.3 billion in 2017.

Global Oil & Gas: Shell announces Q4 2018 results

Posted on January 31, 2019January 31, 2019 by Mozambique Resources Post

Royal Dutch Shell has released its fourth quarter results and fourth quarter interim dividend announcement for 2018.

Global: China’s power consumption up 6.84 trillion kilowatt hours in 2018

Posted on January 30, 2019January 30, 2019 by Mozambique Resources Post

China’s electricity consumption rose to 6.84 trillion kilowatt hours in 2018, hitting a six-year high of 8.5 percent year on year, the Xinhua news agency reported on Tuesday, citing official data.

Africa Mining: Mali’s gold production up 23% in 2018

Posted on January 21, 2019January 21, 2019 by Mozambique Resources Post

Mali’s industrial production of gold rose 23% last year to 60.8 t, Mines Ministry spokesperson Boubacar Sissoko said on Friday.

Global Oil & Gas: OPEC’s December production down 751,000 bpd

Posted on January 21, 2019January 21, 2019 by Mozambique Resources Post

OPEC released its monthly Oil Market Report on Thursday, revealing a roughly 751,000 bpd decline, according to secondary sources.

Africa Oil & Gas: Angola doubles oil export revenue in 2018

Posted on January 18, 2019January 18, 2019 by Mozambique Resources Post

Revenue from Angola’s oil exports doubled in 2018 to US$10.681 billion, according to figures from the General Tax Administration released on Wednesday by the Ministry of Finance.

Global Industry: The Biggest Oilmen Of 2018

Posted on December 26, 2018December 26, 2018 by Mozambique Resources Post

This year has been a crazy ride for the oil industry, which saw the price of Brent crude seesaw from $66.87 on the first day of the year, to a high of $86.29 in early October, back to $66.28 in mid-November—almost precisely back to where we started—and then closing out the year right before Christmas at a disappointing $54.10.

Global Markets: Analysts Outline Industry Themes for 2019

Posted on November 27, 2018 by Mozambique Resources Post

Analysts at Fitch Solutions Macro Research (FSMR) have outlined five key themes for oil and gas in 2019 in a new report, which was sent to Rigzone.

Global Industry: OPEC Cuts 2018 Oil Demand Growth Forecast By 40,000 Bpd

Posted on November 14, 2018 by Mozambique Resources Post

OPEC expects global oil demand to grow at a daily rate of 1.5 million bpd this year, further slowing down to 1.29 million bpd in 2019, the organization said in the latest issue of its Monthly Oil Market Report. This is 40,000 bpd and 70,000 bpd lower in demand growth projections for 2018 and 2019, respectively, from last month’s report.

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