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Companies

Zhenhua Oil sets up new LNG investment and trading business

China’s Zhenhua Oil has established a new business unit to invest in LNG terminals and trade the fuel on the spot market

15 August 2018
Results

Woodside reports net profit of $541 mln for H1 2018

Australia’s Woodside Petroleum has reported a H1 net profit after tax of US$541 million

15 August 2018
Companies

India may list ONGC on foreign stock exchange

The Indian government may float state-owned Oil & Natural Gas Corp. on an overseas stock exchange

15 August 2018
Mergers & Acquisitions

Russian investor Proxima withdraws from JKX

Russian Investment fund Proxima Capital Group has sold its shares in JKX Oil & Gas, a UK-listed explorer attempting to drill in Ukraine

15 August 2018
An LNG carrier being unloaded at PetroChina’s Tangshan LNG terminal Project Finance

More LNG berths for north China but demand unclear

An aggressive push to boost LNG import infrastructure around China’s Bohai Bay could saddle the region with surplus capacity if future gas demand is underwhelming.

15 August 2018
Results

LNG covers rising share of Poland’s gas imports

The growth in PGNiG's LNG imports outpaced growth in Poland's imports of Russian piped gas in H1 2018.

15 August 2018
Companies

Output boost leads to drop in Chinese LNG prices

Greater production levels prompted 44 Chinese LNG plants to cut their asking prices last week.

15 August 2018
People

Workers strike at Total’s North Sea platforms

Workers at three of Total’s platforms in the UK North Sea went on strike on Monday in an attempt to halt plans to change their working rotas.

14 August 2018
Project Finance

EIB offers €100 mln support to Germany-Norway power link

The EIB has signed a €100 million financing agreement with Dutch-owned TSO TenneT

14 August 2018
Results

RWE’s capacity payments offset lower gas plant earnings

UK capacity payments helped RWE to offset lower year-on-year profits from power generated by gas and hard coal in H1 2018

14 August 2018
Mergers & Acquisitions

Exxon buys share of PEL 44 licence off Namibia

ExxonMobil has agreed to acquire a 30% interest in PEL 44 offshore Namibia from AziNam.

14 August 2018
Companies

Eni signs agreement to explore Noor licence offshore Egypt

Eni has signed a concession agreement to explore an area of Egypt’s East Nile Delta Basin in the Mediterranean Sea.

14 August 2018
Companies

Gazprom to increase gas prices for Russian commercial customers

Gazprom is raising gas prices for Russian commercial gas users by 3.4%

14 August 2018
Companies

WTO rejects most of Russia’s claims against EU gas laws

The WTO has rejected most of Russia’s claims of unfair treatment under EU gas infrastructure regulations

14 August 2018
Companies

Energy price slump forces companies to improve project management – Woodmac

The downturn in energy prices has forced oil and gas companies to improve how they manage major capital investments, Wood Mackenzie said on Tuesday.

14 August 2018
A SOCAR gas processing plant in Azerbaijan Project Finance

Weak Turkish lira may favour SOCAR expansion plan

SOCAR wants to reach a 20% share of Turkey’s gas market, and the country’s recent economic woes are likely to help it.

14 August 2018
Companies

India awards city gas distribution licences

India’s Adani Corp. has been awarded 21 licences in the country’s latest licensing round for city gas distribution.

13 August 2018
Companies

Taiwan LNG terminal expansion opposed over risk to endangered dolphin

Taiwan’s planned expansion of the Taichung LNG terminal is facing opposition from environmentalists.

13 August 2018
Companies

Toshiba to sell off US LNG supply deals

Japan’s Toshiba has started talks with several buyers to sell off its LNG supply deals in the United States.

13 August 2018
Companies

Sonatrach in trading JV talks with 14 companies

Sonatrach is in talks with 14 companies as part of its plan to form a joint venture to trade oil and gas products.

13 August 2018

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