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Companies & Finance

Kogas to sell 30-year bonds

South Korea’s state-run Kogas will sell 30-year bonds overseas in order to refinance existing debt, and is in final talks with potential buyers in the United States, Maeil Business Newspaper reported on Thursday.

12 January 2012
LNG

Thailand’s PTTEP chasing overseas LNG assets

Thailand’s state-controlled PTT Exploration & Production is chasing investments in overseas LNG developments and is already in negotiations for certain projects, President and Chief Executive Anon Sirisaengtaksin told Interfax.

11 January 2012
Exploration & Production

Petronas shifts its attention back to Malaysia

Armed with a five-year capex plan of $95 billion, Malaysia’s Petronas is geared towards raising production and imports at home, in a clear shift from its focus on international investments

10 January 2012
Pipelines, Storage & Power

GTCL to build 137 km Dhaka transmission pipeline

Bangladeshi state-run Gas Transmission Company Limited (GTCL) has agreed to build a 137 km transmission pipeline to carry gas from Chevron’s gas fields to Dhaka and the western regions, Reuters reported on Monday.

10 January 2012
Companies & Finance

PetroVietnam 2011 revenues rise

State-run PetroVietnam’s revenues in 2011 rose by 41.2% year-on-year to VND 675.3 trillion ($32.2 billion), Vietnam New Brief Service reported on Tuesday.

10 January 2012
LNG

Ichthys finalises Australia’s first LNG supply contract with Taiwan

Japan’s Inpex and France’s Total on Tuesday announced the signing of three sales and purchase agreements (SPA) for LNG from their planned Ichthys project in Australia’s far north, including the country’s first supply contract with Taiwan.

10 January 2012
Exploration & Production

Dart developing first Indonesian CBM for power, LNG

Singapore-based unconventional gas developer Dart Energy completed its first pilot coal-bed methane (CBM) production project in Indonesia in December and is working to develop the gas for a gas-to-power facility, and possibly for LNG exports, the company’s chairman told Interfax.

9 January 2012
Companies & Finance

Pakistan’s Finance Ministry has one month to arrange equity for IP pipeline

Pakistan's Ministry for Petroleum and Natural Resources has notified the Finance Ministry that it has one month to arrange the equity necessary for the Iran-Pakistan Gas Pipeline project.

6 January 2012
Exploration & Production

PTTEP expects Myanmar output to begin next year

Thailand’s state-run PTT Exploration and Production (PTTEP) on Thursday signed a deal with state-owned Myanma Oil and Gas Enterprise (MOGE) to begin developing Myanmar’s Zawtika project, as the two countries had agreed previously in November.

6 January 2012
Supply & Demand

India, Israel negotiating gas deal

India and Israel, already partners in fields such as defence, counter-terrorism and agriculture, are now considering extending their relationship to the gas sector.

6 January 2012
LNG

Hyundai unveils plans for floating LNG terminal

The South Korean firm Hyundai Heavy Industries has completed model development of its own floating LNG vessel (FLNG) in association with German engineering firm Linde, the company announced on Thursday.

5 January 2012
Exploration & Production

ONGC expands in India with new finds, takeovers

Oil and Natural Gas Corp. (ONGC), India’s largest state-run oil and gas company, has swiftly expanded its domestic gas assets this week, after taking hold of three BG stakes and making several new discoveries.

5 January 2012
Companies & Finance

Reliance in talks over El Paso E&P assets

Reliance Industries is among a number of companies in talks to buy the exploration and production unit of United States pipeline company El Paso, a Reliance spokesperson told Interfax on Wednesday.

4 January 2012
Pipelines, Storage & Power

US Iran-Pakistan pipeline concerns

The United States has raised concerns to Pakistan about plans to forge ahead with the Iran-Pakistan pipeline, US Department of State spokeswoman Victoria Nuland said at a press briefing on Tuesday.

4 January 2012
Pipelines, Storage & Power

US Iran-Pakistan pipeline concerns

The United States has raised concerns to Pakistan about plans to forge ahead with the Iran-Pakistan pipeline, US Department of State spokeswoman Victoria Nuland said at a press briefing on Tuesday.

4 January 2012
Companies & Finance

Reliance in talks over El Paso E&P assets

Reliance Industries is among a number of companies in talks to buy the exploration and production unit of United States pipeline company El Paso, a Reliance spokesperson told Interfax on Wednesday.

4 January 2012
Exploration & Production

Reliance set to receive nod for Bay of Bengal development

India’s Reliance Industries has received the government’s informal approval to spend around $1.5 billion on developing at least 22 oil and gas fields in the Bay of Bengal with joint venture partner BP, and expected to receive the formal authorisation as early as Wednesday evening, a company source told Interfax.

4 January 2012
Exploration & Production

Asia-focused Dart Energy shoots for Europe

With two large deals in five days, Asia-focused coal-bed methane (CBM) developer Dart Energy has swiftly and significantly expanded its presence in the European unconventional sector.

3 January 2012
Policy & Regulation

India’s 2011 gas initiatives driven by falling output

The year 2011 was marked by the Indian government’s efforts to boost exploration and production by encouraging new investments from domestic and foreign heavyweights and by international negotiations aimed at securing new supplies, India’s Ministry of Petroleum and Natural Gas said in its year-end review on Friday.

3 January 2012
Pipelines, Storage & Power

Explosion rocks CNPC gas well in Sichuan Province

One person was missing and another injured after an explosion early Thursday morning at China National Petroleum Corp,'s (CNPC) Qionglai-1 gas well in Sichuan Province, CNPC said in a statement issued the same day.

22 December 2011

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