State power utility Saudi Electricity Co. is currently the only offtaker of power in Saudi Arabia. (Saudi Electricity Co.) Companies & Finance

Saudi Arabia presses on with power privatisation

Saudi Arabia’s power sector reforms will shift the state power utility into the role of system operator, but the constant changes are taking their toll.

By Verity Ratcliffe 26 April 2017
Companies & Finance

Fluor receives FEED for Trinidad’s Cassia Compression Project

London-based Fluor has received the FEED contract for the Cassia Compression project off the east coast of Trinidad from BP Trinidad & Tobago for an undisclosed sum.

26 April 2017
Companies & Finance

GE to supply NextDecade’s Rio Grande LNG project

GE Oil & Gas will supply gas turbine and compressor equipment for NextDecade’s 27 mtpa Rio Grande LNG project and associated Rio Bravo Pipeline.

26 April 2017
Companies & Finance

US solar workers outnumbered coal in 2016

The solar industry employed more Americans in 2016 than the coal industry.

26 April 2017
Companies & Finance

Delek to sell Tamar stake

Delek Group intends to sell a 10% stake in the Tamar field offshore Israel.

26 April 2017
Companies & Finance

Cenovus Energy sees interest in Deep Basin assets

Canada’s Cenovus Energy may sell off a stake in the Deep Basin gas assets it recently purchased from ConocoPhillips.

25 April 2017
Companies & Finance

Chinese company buys Bangladesh gas fields

Chevron has signed an initial agreement to sell three of its gas fields in Bangladesh to China’s Himalaya Energy.

25 April 2017
Companies & Finance

Saudi Aramco worth less than initial estimates

Saudi Aramco is worth at least $500 billion less than it previously thought, senior company officials have said.

25 April 2017
Companies & Finance

Iran and Total to sign South Pars Phase 11 deal

Iran will sign a deal with Total for Phase 11 of South Pars within the next month, Iran’s Deputy Oil Minister for International Affairs and Trade Amir Hossein Zamaninia has said.

25 April 2017
Companies & Finance

Spanish gas demand up in Q1

Spanish gas demand increased by 8.4% in Q1 2017 compared with the same period in 2016.

25 April 2017
Companies & Finance

EU earmarks €22.1 mln for energy and transport projects

EU member states have approved a European Commission proposal to invest €22.1 million to help develop transport and energy infrastructure.

25 April 2017
Yang Hua resigned as chief executive of CNOOC Ltd 10 months after his appointment. (Interfax) Companies & Finance

CNOOC chief’s resignation surprises industry

CNOOC Ltd’s chief executive, Yang Hua, has resigned to the surprise of industry observers, who expected him to remain at the explorer for some time.

24 April 2017
Companies & Finance

Germany and Sweden to provide funding for Yamal LNG

German and Swedish export credit agencies will take part in the Yamal LNG project, Novatek Chief Executive Leonid Mikhelson said.

21 April 2017
Companies & Finance

Russia will discuss Gazprom-OMV Norge deal next month – Donskoi

Russian Natural Resources Minister Sergei Donskoi will discuss Gazprom’s acquisition of a stake in OMV Norge with Norwegian officials at the end of May.

21 April 2017
Companies & Finance

Saipem sees its future in the renewable sector

Italian oil and gas industry contractor Saipem is ready to open new lines of business beyond the oil sector, which is facing high levels of uncertainties.

21 April 2017
Companies & Finance

Brussels clears acquisition of Energhe unit by Duferco

The European Commission has approved Duferco’s proposed acquisition of sole control over a business unit of Energhe.

20 April 2017
ConocoPhillips is considering developing a second train at its Darwin LNG plant. (ConocoPhillips) Companies & Finance

IOCs look upstream for second train at Darwin

Major global companies are working together to develop assets off the northwestern coast of Australia that could support a second train at Darwin LNG.

20 April 2017
Companies & Finance

Petronas hoping to gain from Malaysian liberalisation

Malaysia’s Petronas hopes to gain from leasing agreements once contracts under the new Gas Supply Act 2016 come into force later this year.

19 April 2017
Companies & Finance

Petronas Dagangan still set on exiting Vietnam

Malaysian company Petronas Dagangan will proceed with its plans to exit the Vietnamese market.

19 April 2017
Companies & Finance

Edison to sell 7.4% stake in Rovigo LNG terminal and pipeline

Edison is selling its 7.3% stake in Italy’s Rovigo LNG terminal and the 70 km pipeline that connects it to the national grid

19 April 2017
Companies & Finance

Tokyo Gas buying stake in Pennsylvania power plant

Tokyo Gas is purchasing a 33% stake in the Birdsboro power plant, which is being built in Pennsylvania.

18 April 2017

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