The North Rankin platform in the North West Shelf. Companies & Finance

Glimmers of hope for Aussie upstream sector in 2018

Australia’s upstream sector is starting to see a recovery in investment prompted by higher oil prices and growing regional LNG demand.

By Sally Bogle 18 January 2018
Companies & Finance

Tata aiming to sell Petrodyne oil and gas subsidiary

India’s Tata is looking to sell Tata Petrodyne Ltd, its oil and gas exploration and production business.

19 January 2018
Companies & Finance

Shell invests in Applied Blockchain startup

Shell Trading International said on Thursday that it has bought minority stakes in the London-based startup Applied Blockchain, which focuses on distributed ledger technology and smart contracts.

19 January 2018
Companies & Finance

BGP Kenya sues Zarara Oil & Gas

BGP Kenya has taken Zarara Oil & Gas to court over an alleged failure to pay for seismic surveys.

19 January 2018
Companies & Finance

VNG looking to boost its Norwegian business

German oil and gas company VNG is looking at ways to maximise the value of VNG Norge, its Norwegian oil and gas exploration and production business.

19 January 2018
Companies & Finance

Pampa Energia to sell $360 mln of oil assets to Vista Oil & Gas

Argentine company Pampa Energia has agreed to sell $360 million in oil assets to fellow local company Vista Oil & Gas.

18 January 2018
Companies & Finance

Perenco Cameroon buys 50% stake in Bolongo block

Glencore Cameroon has sold 50% of its stake in the Bolongo block to Perenco Cameroon.

18 January 2018
Companies & Finance

Saudi Aramco sidelines UBS and Merrill Lynch for IPO

Saudi Aramco has not invited UBS or Bank of America Merrill Lynch to pitch for an advisory position on its stock market listing.

17 January 2018
Companies & Finance

Petrobras and Total finish $2.2 bln strategic alliance deal

Petrobras and Total have concluded a $2.2 billion deal relating to a strategic alliance agreed in December 2016.

16 January 2018
Companies & Finance

BP to add further Deepwater Horizon payouts to Q4 2017 results

BP will take a further charge of $1.7 billion in its Q4 2017 results because of higher-than-expected payouts from the Deepwater Horizon class-action lawsuit.

16 January 2018
Companies & Finance

Eni expands North African offshore presence

Eni is the only IOC to have a presence in every North African country, where its strategy is to make discoveries and then invite partners to farm in.

16 January 2018
Dinh La Thang, former PetroVietnam chair and politburo member, being led to court by police in Hanoi. Companies & Finance

Vietnam’s corruption crackdown could hurt IOCs

Vietnam’s clampdown on corruption has removed senior officials from PetroVietnam, which could affect the company’s operations.

16 January 2018
Bu Tinah island off  the western coastline  of Abu Dhabi. Companies & Finance

Abu Dhabi awards offshore sour gas contracts

Abu Dhabi is looking to high-cost offshore sour gas fields to meet its future gas demand.

15 January 2018
Power lines in Namibia. Companies & Finance

Gas-purchase agreement buoys Kudu gas hopes

A purchase agreement for gas from the Kudu field has left operator BW Offshore hopeful of reaching an FID on the project in H1 2018.

12 January 2018
Companies & Finance

PetroChina subsidiary to invest $300 mln in Indonesian production

PetroChina’s Indonesian unit plans to invest at least $300 million in 2018 to boost production at its oil and gas blocks in Java and Sumatra

12 January 2018
Companies & Finance

Italy signs €5 bln credit agreement deal with Iran

Italy and Iran have signed a framework credit agreement for up to €5 billion, Italy’s Economy Ministry has said.

12 January 2018
An offshore rig at Indonesia’s Mahakam block. Companies & Finance

Pertamina told to up its game for expiring PSCs

The government of Indonesia has told Pertamina to improve its bids for four expiring PSCs, or existing operators will be allowed to extend their contracts.

12 January 2018
Companies & Finance

Tullow to buy five blocks off Peru

UK-based explorer Tullow Oil will acquire 100% stakes in five Peruvian offshore blocks.

11 January 2018
Companies & Finance

DMWA and Schlumberger sign MOU on African cooperation

Schlumberger has signed an MOU with Mauritius-based DMWA Resources to collaborate on oil and gas ventures across Africa.

11 January 2018
Companies & Finance

Qatar Petroleum CEO in talks with Chinese majors

The president and chief executive of Qatar Petroleum, is heading to China to discuss energy cooperation with the country’s NOCs.

11 January 2018
Companies & Finance

Jacobs Engineering to work on BP’s Khazzan project

Jacobs Engineering Group will provide EPC services for Phase 2 of BP’s Khazzan project in Oman.

11 January 2018

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