Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Total’s Q3 profit surges, LNG sales decline

    Total’s Q3 profit surges, LNG sales decline

    October 30, 2018
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Total.

    30 October 2018, News Wires — French energy giant and LNG player Total saw its third-quarter adjusted net profit soar on the back of increasing oil prices and higher production.

    “Total’s third quarter adjusted net income increased by 48 percent from last year to $4 billion, while oil prices increased 44 percent to $75 per barrel supported by supply tensions and the geopolitical context,” Total’s Chief Executive Officer Patrick Pouyanne said in a statement.

    Total’s production rose 8.6 percent to 2.8 million barrels of oil equivalent per day (Mboe/d), a new record output in a quarter, boosted by the start-up of production at the Kaombo project in Angola, Ichthys LNG in Australia and the second Yamal LNG train in Russia.

    Total’s liquefied natural gas (LNG) sales during the period under review declined 6 percent compared to the corresponding period in 2017.

    LNG sales were at 2.78 million tonnes, compared to 2.95 million tonnes in 2017.

    Total’s LNG sales during the first nine months also declined. Sales volumes reached 7.75 million tonnes, 9 percent below the same period in 2017.

    • LNG World News

    Related News

    Edun meets downstream leaders to deepen energy reforms & drive investment in CNG

    Nigeria’s external reserves hit $23bn as FG targets investment-led growth

    LNG freight rates hit 8-mth top on tight tanker availability, Mideast conflict

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Oil prices drop nearly 6% as Israel-Iran ceasefire reduces Middle East supply risk

    June 24, 2025

    Edun meets downstream leaders to deepen energy reforms & drive investment in CNG

    June 24, 2025

    NDDC eyes Cross River for IOCs-driven infrastructure partnership push

    June 24, 2025

    Nigeria targets 10,000 jobs, skills transfer in $400m minerals processing plant

    June 24, 2025

    RMDB meets stakeholders, unveils ambitious maritime development blueprint

    June 24, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.