Ministers visiting GridCo’s Ghana power station. Ghana is struggling to balance gas and power supplies. (GridCo) Companies & Finance

Next Ghana IPP tender not expected until 2020

Ghana’s supply plans will have to wait for gas to become available as power producers work through a backlog of incomplete projects.

By Miriam Malek 26 May 2017
Companies & Finance

ExxonMobil may re-examine threat of climate change on business

Investment management firms Blackrock and Vanguard Group may start to pressure ExxonMobil to re-examine how climate change is affecting the oil major’s business

26 May 2017
Companies & Finance

Fortum sells share in Polish Duon Dystrybucja

Fortum will sell its 100% share in Polish distribution company Duon Dystrybucja to Infracapital for an undisclosed price.

26 May 2017
BP drilling at Egypt’s Atoll field. Production in the country is set to grow. (BP plc) Companies & Finance

Egyptian upstream boosts hopes for LNG exports

Confidence is growing in Egypt’s upstream sector as new developments start up and the country looks to switch from LNG importer to exporter.

26 May 2017
Companies & Finance

Pertamina to see 25% fall in Q1 profits – Xinhua

Indonesia’s Pertamina is expected to record a 25% fall in profits for Q1 2017.

25 May 2017
Companies & Finance

Vietnam seeks Australian expertise for energy projects

Vietnam is seeking opportunities to cooperate with Australian companies in its energy industry, including the gas sector.

25 May 2017
Companies & Finance

Oman’s PDO signs two compressor contracts

Petroleum Development Oman has signed three contracts worth $35 million with Omani firms for the supply and servicing of compressors.

25 May 2017
Companies & Finance

National Iranian Oil Co. owes OMV $48 mln – Pleininger

National Iranian Oil Co. owes Austrian oil and gas group OMV $48 million, according to OMV’s exploration and production chief, Johann Pleininger.

25 May 2017
Companies & Finance

ENOC creates dedicated E&P unit

Emirates National Oil Co. has created a dedicated exploration and production unit that it intends to use to expand its upstream business.

25 May 2017
Companies & Finance

Poland’s PGNiG sees 16% growth in EBITDA in Q1

Polish state-controlled PGNiG registered EBITDA of $740 million in Q1 2017, representing growth of 16% year on year.

25 May 2017
DONG Energy is selling off its oil and gas assets to focus on offshore wind energy. (DONG Energy) Companies & Finance

Identity crisis: utilities and IOCs

Hefty writedowns and plummeting prices have left IOCs looking to become power developers and traditional utilities turning to renewables.

25 May 2017
Companies & Finance

Shell plans to sell $3 bln Canadian Natural Resources stake

Shell plans to sell its stake in Canadian Natural Resources, which is worth about $3 billion.

24 May 2017
Companies & Finance

Wood Group offers to sell Amec Foster Wheeler upstream business

Wood Group has offered to sell the majority of Amec Foster Wheeler’s UK upstream oil and gas business so that it can buy its smaller rival.

24 May 2017
Companies & Finance

Ineos increases North Sea presence

International UK-based petrochemicals company Ineos has increased its upstream oil and gas presence by acquiring DONG Energy’s assets in the North Sea.

24 May 2017
Companies & Finance

Höegh announces healthy Q1 profits and new FSRU order

Höegh LNG has released its interim results for Q1 2017 and has announced a profit of $11.4 million after tax.

24 May 2017
Innogy’s Eschweiler wind farm. The company manages renewables services that were split off from RWE. (Innogy) Companies & Finance

Analysts question Franco-German energy alliance

A possible alliance between French and German energy companies has left analysts scratching their heads.

24 May 2017
Companies & Finance

Woodside to focus on existing projects – Coleman

Woodside Petroleum is looking towards the expansion of existing projects as sources of future growth rather than committing to new projects, the CEO has said.

23 May 2017
Companies & Finance

Shell and Engie exit Kakinada LNG on gas demand fears

Shell and Engie have exited the Kakinada LNG import project in the state of Andhra Pradesh over concerns about India’s demand for gas imports.

23 May 2017
Companies & Finance

Iranian offshore fields need $30 bln in investment

Iran’s offshore oil and gas fields require $30 billion in investment, Deputy Trade Minister Mansour Moazami has said.

23 May 2017
Companies & Finance

Saudia Arabia and GE announce $15 bln of MOUs

Saudi Arabia and GE have announced agreements worth $15 billion – of which almost $7 billion are for GE technology and solutions.

23 May 2017
Petrobras is ready to leave the jungle. (Petrobras) Companies & Finance

I’m a state company, get me out of here!

Brazilian state giant Petrobras is selling its Azulão field in the Amazonian jungle. The property looks tailor-made for Eneva or Rosneft Brasil.

23 May 2017

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