Marco Alverà (left), chief executive of Snam, is now president of GasNaturally. (Snam) Companies & Finance

Snam increases its influence in Europe

The recent appointment of Marco Alverà as president of GasNaturally is a further step towards consolidating the role of Snam as a giant in the EU gas network.

By The Wildcat 23 June 2017
Companies & Finance

Delek establishes company for Tamar field spin-off

Israel’s Delek Drilling has established a company that will hold a 9.25% stake in the Tamar gas field and be listed on the Tel Aviv Stock Exchange.

23 June 2017
A Dana gas facility in Iraqi Kurdistan. The company has said its sukuk bonds are not sharia compliant. (Dana) Companies & Finance

Dana Gas Islamic bond saga could affect industry

Dana has said its sukuk bonds are not compliant with sharia law – a move that could have wide-ranging implications for Islamic finance.

23 June 2017
Companies & Finance

China Gas Holdings reveals plan to boost urban sales by 30%

China Gas Holdings aims to increase urban gas project sales by more than 30% on an annual basis in the current financial year and by more than 25% in the next two financial years.

22 June 2017
Companies & Finance

Petronet in talks to buy 25% stake in Mundra LNG terminal

India’s Petronet LNG is in talks to buy 25% of Gujarat State Petroleum Corp.’s 50% stake in the Mundra LNG terminal.

22 June 2017
Companies & Finance

EBRD to allocate $250 mln to boost renewables in Kazakhstan

The European Bank for Reconstruction and Development has signed a memorandum of understanding with Kazakhstan’s Energy Ministry to allocate up to $250 million for renewable energy projects.

22 June 2017
Companies & Finance

New crown prince of Saudi Arabia appointed

Saudi Arabia’s King Salman bin Abdulaziz Al Saud has appointed his son, Mohammed bin Salman, as crown prince, replacing the king’s nephew as first in line to the throne.

21 June 2017
Companies & Finance

Centrica to sell two CCTG to EP UK Investments

UK energy and service company Centrica has sold the Langage and South Humber Bank CCGT power stations to EP UK Investments for £318 million.

21 June 2017
Companies & Finance

Snam in talks to buy 7.3% stakes in Rovigo LNG terminal

Italian transmission system operator Snam is holding exclusive talks with energy company Edison to buy a 7.3% stake in the Rovigo terminal in northern Italy.

21 June 2017
Companies & Finance

Two top US shale producers announce merger plans

The two top shale gas producers in the Marcellus and Utica plays will merge to become the United States’ largest gas producer.

20 June 2017
BTL Group has completed a successful trial with BP and other companies. (BP plc) Companies & Finance

Scale-up planned for blockchain gas trading

BTL Group is working to scale up a blockchain project that will simplify gas trading and make it safer, according to the company’s chief innovation officer.

20 June 2017
Companies & Finance

Sharjah court blocks action on Dana bonds pending review

A court in Sharjah in the United Arab Emirates has barred holders of bonds issued by Dana Gas from taking action against the bonds while it reviews Dana’s claims.

19 June 2017
Companies & Finance

OMV plans new office in St Petersburg

Austrian company OMV is planning to open a new office in St. Petersburg in autumn 2017.

19 June 2017
A JKX gas facility in Ukraine. The company is dealing with another shareholder dispute. (JKX) Companies & Finance

JKX struggles bode ill for Ukraine gas sector

UK-listed JKX faces its second shareholder dispute in 18 months and is struggling to fend off the advances of Russian/Ukrainian investors.

19 June 2017
Companies & Finance

Bangladesh asks AIIB for $1 bln finance to boost energy projects

Bangladesh is seeking $1 billion in financial support from the Asian Infrastructure Investment Bank for six projects, most of which are in the energy sector.

16 June 2017
Companies & Finance

Reliance and BP to invest $6 bln in India’s east coast gas production

India’s Reliance Industries and BP have agreed to invest $6 billion in boosting gas production from India’s east coast.

16 June 2017
Companies & Finance

Swedish fund sells stakes in energy companies

Swedish pension fund AP7 has sold its investments in six oil and gas companies that it says violate the Paris climate agreement.

16 June 2017
Companies & Finance

Brussels clears Cargill-Macquarie petroleum deal

The European Commission has approved Macquarie's acquisition of sole control over the petroleum trading and marketing business of Cargill.

16 June 2017
Companies & Finance

Brussels OKs Chrysaor's acquisition of Shell North Sea assets

The European Commission has approved Chrysaor Holdings' acquisition of sole control over Shell’s northern North Sea petroleum business.

16 June 2017
The services base in Limassol in southern Cyprus is ready for Total to use. (Flickr/US Navy) Companies & Finance

Total to drill in Cyprus now services base ready

The services base in Limassol in southern Cyprus is ready for Total to use, which could see exploration begin within weeks.

16 June 2017
Woodside’s North Rankin Complex offshore Western Australia. (Woodside) Companies & Finance

End in sight for Aussie exploration investment famine

Australia is pressing on with licensing rounds in the hope of bringing international investment back to its exploration sector.

16 June 2017

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