Vietnam is exploring for oil and gas in the South China Sea. (PetroVietnam) Companies & Finance

Opportunities as South China Sea spat simmers

Oil and gas developments are being used by Southeast Asian countries to gain the advantage in disputes with China over contested waters.

By Damon Evans 20 July 2017
Companies & Finance

Argentina settles legal dispute with Total

Argentina has settled a legal dispute with Total over what the supermajor claimed was $1 billion in losses.

21 July 2017
Companies & Finance

ADB invests $50 mln in Grimm

The Asian Development Bank has invested more than $50 million in one of Thailand’s largest independent power producers, B Grimm Power Public.

21 July 2017
Companies & Finance

BP starts talks to sell all North Sea assets

BP has started discussions with potential buyers for its full range of North Sea assets.

21 July 2017
Companies & Finance

Canada’s Hydro One buys Avista for $5.3 bln

Toronto-based utility Hydro One has acquired Washington-based gas and power transmission company Avista Corp.

20 July 2017
Companies & Finance

India approves sale of HPC stake to ONGC

India’s government has approved the $4.6 billion sale of its stake in Hindustan Petroleum Corp. to Oil and Natural Gas Corp.

20 July 2017
Companies & Finance

Energean signs up third customer for Karish gas

Greek exploration and production company Energean has signed up a third customer to buy gas from the Karish field off the coast of Israel.

20 July 2017
A combined heat and power plant in Austria. (Siemens) Companies & Finance

Power sector secures lion’s share of €4.3 bln EIB loan

The European Investment Bank approved €4.3 billion of loans for energy-related projects this week, with the majority going to the electricity sector.

20 July 2017
Companies & Finance

YPF, Total and others announce $1.15 bln Vaca Muerta investment

YPF, Total, Wintershall Energía and BP-owned unit Pan American Energy are making a joint investment of $1.15 billion to increase shale gas production in Argentina‘s Vaca Muerta formation.

19 July 2017
Work on the Power of Siberia pipeline, which will deliver gas to Beijing. (Gazprom) Companies & Finance

Siberian gas set to shore up Beijing’s supply mix

Gas from a Rosneft subsidiary looks set to be piped to Beijing early next decade following a deal with the major gas distributor for China’s capital.

19 July 2017
Companies & Finance

Petrobras production up 2.9% in H1

Petrobras’s domestic and foreign oil and gas production increased by 2.9% in H1 2017 compared with the same period in 2016.

18 July 2017
Companies & Finance

Indian Oil Corp. plans to form oil giant with Oil India Ltd buyout

Indian Oil Corp. is in talks to buy out the government’s stake in Oil India Ltd and form an oil giant.

18 July 2017
Companies & Finance

Exxon leaves Indonesia gas field

ExxonMobil has walked away from the East Natuna gas field in Indonesia.

18 July 2017
Companies & Finance

Toyo Engineering to develop Salman field

Japan’s Toyo Engineering Corp. has signed an agreement with National Iranian Oil Co. and Petropars to develop the offshore Salman oil and gas field in the Gulf.

18 July 2017
Companies & Finance

Enagás profits up 25.6% in H1 2017

Spanish energy company Enagás made a net profit of €269.1 million in the first half of the 2017 financial year, a 25.6% increase from the same period last year.

18 July 2017
Contractors' margins have been squeezed since oil prices fell. (SCP Oilfield Services) Companies & Finance

Industry must evolve to avoid supply gap – Burke

Caution following the drop in oil prices is set to leave a worrying gap in oil and gas supplies, warns Ray Burke, global product leader at GE.

18 July 2017
Companies & Finance

Chilean distributor GasValpo up for sale

Australian infrastructure fund Whitehelm Capital has put Chilean gas distributor GasValpo up for sale.

17 July 2017
Companies & Finance

Shell in talks with Brazil’s Cosan over Comgás share swap

Shell is in talks to trade its shares in São Paulo gas distributor Comgás for a slice of Brazilian conglomerate Cosan.

17 July 2017
Companies & Finance

Trump nominates FERC chair

United States President Donald Trump has nominated energy lawyer Kevin McIntyre to lead the Federal Energy Regulatory Commission.

17 July 2017
Companies & Finance

Taipower loses TWD 7.1 bln in H1

Taiwanese national power company Taipower lost $234.54 million in the first half of 2017.

17 July 2017
Companies & Finance

Centrica to create an E&P company with Bayerngas Norge

Centrica’s European oil and gas exploration and production branch will merge with Norwegian company Bayerngas Norge to create a new independent European E&P company.

17 July 2017

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