Flaring from a shale gas well in eastern Australia’s Cooper Basin. Companies & Finance

Gas exploration stymied as Western Australia restricts onshore fracking

Western Australia’s new Labor government has stopped fracking in the state in a move critics say will deter investment in oil and gas exploration.

By Sally Bogle 21 September 2017
Companies & Finance

Hinkley Point C may be further delayed by strike threat

The UK’s Hinkley Point C nuclear power project may face further delays after two trade unions threatened to strike.

22 September 2017
Companies & Finance

Total to cooperate with Chevron in Gulf of Mexico deepwater exploration

French major Total and United States-based Chevron will collaborate in exploring deepwater areas in the Gulf of Mexico.

22 September 2017
Companies & Finance

President Energy acquires Neuquén blocks

Latin America-focused explorer President Energy has acquired 100% stakes in two blocks in Argentina’s gas-rich Neuquén Basin.

22 September 2017
Companies & Finance

Papua New Guinea government to sell off shares in Oil Search

The government of Papua New Guinea plans to sell its share in Oil Search, which holds stakes in the Elk and Antelope fields.

22 September 2017
Companies & Finance

ADNOC considers selling shipping unit shares

Abu Dhabi National Oil Co. (ADNOC) is considering a plan to sell shares in its shipping unit.

22 September 2017
Companies & Finance

Uniper refused ‘unsolicited’ takeover offer from Fortum

German energy company Uniper has rejected Finnish state-controlled Fortum’s attempt to acquire E.On’s 46.65% stake in the company.

22 September 2017
Companies & Finance

Ukraine’s Naftogaz files $5 bln lawsuit over Crimea assets

Naftogaz Ukrainy has submitted a $5 billion compensation claim against Russia over the "unlawful seizure" of assets in Crimea.

21 September 2017
Companies & Finance

Argentina falls behind on subsidy payments

Argentina is behind on at least $700 million in promised subsidy payments to gas producers.

21 September 2017
Companies & Finance

Tender planned for Egypt’s western Mediterranean acreage

Egyptian Natural Gas Holding Co. is planning an oil and gas exploration tender covering Egypt’s western Mediterranean acreage.

21 September 2017
Companies & Finance

Aker Solutions wins FEED contract for Troll gas field

Aker Solutions has been awarded a contract by Statoil for the design and engineering of a module at Norway’s Troll gas field.

21 September 2017
Companies & Finance

EU to help fund Polish gas pipeline

The EU will award a €79 million grant to part-fund the construction of the 130 km-long Zdzieszowice-Wrocław pipeline in southwest Poland.

21 September 2017
A photo of gas installations in Argentina’s Neuquén province. Companies & Finance

BP relaxes its grip on Argentine oil and gas producer

BP is giving up control of the boardroom at Argentine giant Pan American Energy, and it could be a canny move by the supermajor.

21 September 2017
Companies & Finance

Sasol writes off $900 million black economic empowerment debt

South Africa's Sasol will write off $900 million of debt used for a black economic empowerment scheme in 2008.

20 September 2017
Companies & Finance

Engie issues ‘green’ bond worth €1.25 billion

France's Engie has issued a €1.25 billion ‘green’ bond to finance renewable energy and energy efficiency projects.

20 September 2017
Companies & Finance

Chinese LNG prices up as PetroChina cuts feedstock

Wholesale prices for Chinese ex-works LNG inched up last week as the market responded to reduced output.

20 September 2017
Companies & Finance

Rosneft to fund pipeline for Iraqi Kurdistan

Rosneft has agreed to fund a gas pipeline for the government of Iraqi Kurdistan and will finalise the deal by the end of 2017.

19 September 2017
Companies & Finance

Total acquires energy efficiency company

Total has boosted its green credentials with the acquisition of GreenFlex, a fellow French company focusing on energy efficiency.

19 September 2017
Companies & Finance

Gazprom to spend $1 bln on Power of Siberia in 2017 – source

Gazprom will have allocated around $1 billion of additional financing in 2017 to build the Power of Siberia pipeline and equip the Chayanda oil and gas condensate field.

19 September 2017
Companies & Finance

CNOOC seeks partners to develop Gulf of Mexico resources

Chinese state giant China National Offshore Oil Corp. is seeking partners to develop resources in the deepwater Gulf of Mexico

18 September 2017
Companies & Finance

Indonesian energy sector to receive $1.1 bln in loans

Indonesia will receive $1.1 billion in funding for its energy sector from the Asian Development Bank.

18 September 2017

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