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gasfacts2019

Citing slumping crude-oil prices and the Alberta wildfires, Suncor Energy Inc., Calgary, reported a second-quarter net loss of $735 million (Can.) and an operating loss of $565 million.

Total SA recorded second-quarter adjusted net income of $2.17 billion, down from $3.01 billion during second-quarter 2015. First-half net income was $3.81 billion, down from $5.69 billion in the year-ago period.

Royal Dutch Shell PLC reported second-quarter earnings on a current cost of supplies (CCS) basis, excluding identified items, of $1.05 billion, down from $3.76 billion in second-quarter 2015. First-half earnings on a CCS basis, also excluding identified items, totaled $2.6 billion, down from $7.5 billion in the same period last year.

The US Bureau of Land Management is completing conversion of its oil and gas drilling permit application system to a fully online process and expects to complete the change by yearend, the US Department of the Interior agency reported.

Houston independent ConocoPhillips Co. reported a second-quarter net loss of $1.1 billion, down from a second-quarter 2015 net loss of $179 million.

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