The Middle East was central to French major Total’s output fortunes in 2015, for better and for worse. Abu Dhabi’s Adco provided 80% of oil output gains, but for gas the Yemen war more than canceled out gains elsewhere.

French major Total’s global hydrocarbons production in 2015 increased by 9.4% to 2.35mn boe/d: oil output was up 19.6% at 1.237mn b/d, but the firm’s net gas production edged lower with 300mn cfd losses from the Yemen output more than canceling out...