Lower spot gas prices and a recent rebound in electricity prices helped RWE boost profit margins. (RWE) Companies & Finance

Utilities take stock as German election looms

Whichever party takes office in Berlin in the autumn will face pressing challenges to overcome security of supply concerns in the wake of Germany’s nuclear phase-out.

By Andreas Walstad 16 August 2017
Companies & Finance

Dow Chemical renews Vaca Muerta JV with YPF

Dow Chemical is reviewing its joint venture with Argentine state-run giant YPF in the country’s Vaca Muerta shale formation.

21 August 2017
Companies & Finance

Philippines looking for $235 bln to boost power generation capacity

its power generation capacity to meet growing domestic demand,

21 August 2017
Companies & Finance

Thailand’s PTT prepares to sign MOU with Myanmar

Thai company PTT aims to gain a foothold in major gas projects in Myanmar.

21 August 2017
Companies & Finance

Kosmos starts trading on London Stock Exchange

Independent oil and gas company Kosmos Energy has started trading on the London Stock Exchange.

21 August 2017
Companies & Finance

Total acquires Maersk’s oil and gas subsidiary for $7.45 bln

Total has acquired Maersk Oil & Gas, a subsidiary of shipping group A.P. Møller-Mærsk.

21 August 2017
Companies & Finance

Shell continues divestments with sale of Sadaf stake

Shell has sold its 50% stake in petrochemical joint venture Sadaf to its Saudi partner Sabic.

18 August 2017
Companies & Finance

Bid submitted for Hawiyah gas plant

Saudi Aramco has received bids from engineering companies to expand the Hawiyah gas plant.

17 August 2017
Companies & Finance

Petrobras starts arbitration action against Uruguayan government

Petrobras has started arbitration proceedings against the Uruguayan government over two gas distribution companies it owns in the country.

17 August 2017
The LNG terminal on Revithoussa Island, Greece. (EC) Companies & Finance

Gas market upswing good news for Greek hub plans

Strong investor interest in its grid operator and rising demand are favourable signs for Greece's ambition of becoming a regional gas hub.

16 August 2017
Sinopec will diversify its investments by expanding into city gas distribution. (Interfax) Companies & Finance

Sinopec preps for downstream city gas expansion

China’s second largest gas producer is preparing to expand down the industry chain into city gas distribution as it seeks to grow its gas business.

16 August 2017
Companies & Finance

Former Pemex CEO Lozoya denies corruption reports

Former Pemex Chief Executive Emilio Lozoya has denied Brazilian media reports that he received $10 million in an alleged bribery scheme.

15 August 2017
Companies & Finance

Orca and Swala confirm discussions on PanAfrican Energy stake

Tanzania-based Swala Oil & Gas is in discussions with Orca Exploration on the possibility of making a minority investment in PanAfrican Energy Corp.

15 August 2017
Companies & Finance

US sanctions against Russia will not cause Gazprom to change plans

Gazprom is not planning to change its business strategy or revise its list of key projects in light of new sanctions against Russia.

15 August 2017
Companies & Finance

Vermilion not expecting to pay tax on Corrib profits

The Canadian company Vermilion does not anticipate paying tax on profits from the field, it said in an update to investors on Monday.

15 August 2017
Companies & Finance

RWE’s earnings rise despite weaker margins from coal plants

RWE’s adjusted EBITDA increased by 7% year on year in H1 2017 despite declining margins from coal-fired power generation, the company said on Monday.

15 August 2017
Companies & Finance

Philippines rejects GAI LNG terminal plans

The Philippines has rejected a proposal from GAI to build an LNG terminal, instead opening it up to proposals from interested parties.

14 August 2017
Companies & Finance

Bolivia papers over cracks with Argentina’

Bolivia appears to have made up for a deficit in gas exports to Argentina in May by over-exporting in June and July.

14 August 2017
Companies & Finance

CB&I shares drop to eight-year low

The value of shares in Chicago Bridge & Iron fell to an eight-year low after it reported a huge drop in profits this week.

11 August 2017
Companies & Finance

Petronas looking for shares in Indian LNG terminals

Malaysia’s Petronas is looking to purchase a stake in India’s LNG terminals.

11 August 2017
Companies & Finance

Petrobras makes profits of BRL 4.8 bln in H1

Brazil’s state-controlled Petrobras reported net profits of BRL 4.8 billion in H1 2017.

11 August 2017

About 6,321 article(s)

1 2 3 316