Petroceltic’s Algeria AT-9 well. Algeria is pushing to increase its gas output. (Petroceltic) Companies & Finance

Algerian energy minister continues shake-up

The head of the Algerian oil and gas licensing agency, Alnaft, has been replaced in what could be a sign of sweeping changes to come.

By Verity Ratcliffe 24 March 2017
Companies & Finance

Oando to spend $1 billion on gas projects

Nigerian gas distribution company Oando plans to raise $1 billion to fund gas projects in the country.

27 March 2017
Companies & Finance

Iran welcomes Russian oil and gas investment – Rouhani

Iranian President Hassan Rouhani said on Monday that he welcomed Russian investment in his country’s oil and gas fields.

27 March 2017
Companies & Finance

Tecpetrol will plough $2.3 bln into Vaca Muerta by 2019

Tecpetrol, a subsidiary of Argentine industrial giant Techint Group, has announced it plans to invest $2.3 billion in the country’s Vaca Muerta shale formation between now and 2019.

24 March 2017
Companies & Finance

Enbridge lays off 1,000 workers

Calgary-based oil and gas pipeline company Enbridge, which bought Houston-based Spectra Energy for $28 billion last year, is cutting 1,000 staff less than a month after finalising the takeover.

24 March 2017
Companies & Finance

Shell will divest assets in Gabon by mid-2017

Shell has announced it is divesting its assets in Gabon and that it hopes to close the deal in mid-2017, the company said in an press release.

24 March 2017
Companies & Finance

Gazprom and Iran start talks on joint oil and gas projects

Iran has entered into negotiations with Gazprom to partner on oil and gas projects in the country.

24 March 2017
Companies & Finance

Saudi Aramco prepares debt sale ahead of IPO

Saudi Aramco is set for its first debt sale in preparation for the company’s IPO.

24 March 2017
Companies & Finance

Arbitration panel will hear Exxon’s Sakhalin tax claim in April

ExxonMobil’s claim that it overpaid taxes relating to the Sakhalin 1 project will be heard by an arbitration panel in late April, the Russian Finance Ministry press service has told Interfax.

24 March 2017
Companies & Finance

Rockhopper takes Italy to court over Ombrina Mare

Rockhopper Exploration has started a legal dispute with Italy to protect its investment in the Ombrina Mare project in the Adriatic Sea.

24 March 2017
Santos’s Gladstone LNG is one of the facilities under pressure from the Aussie government to cut exports. (Santos) Companies & Finance

Queensland LNG under pressure to cut exports

Australia's federal government is putting pressure on Queensland’s LNG producers to cut back on exports to ensure there is enough gas for domestic needs.

24 March 2017
Construction work at Angola LNG. The disputed blocks are 400 km from the plant. (Angola LNG) Companies & Finance

Sonangol/Cobalt dispute clouds Angolan upstream

Cobalt International Energy has issued a notice of dispute to Sonangol after the Angolan state-owned company pulled out of a project, leaving Cobalt with assets it has struggled to sell.

24 March 2017
Companies & Finance

Sinopec pays $900 mln for Chevron African assets

Chinese state-owned Sinopec has agreed to pay $900 million for a 75% interest in United States-based Chevron’s assets in South Africa and 100% of its assets in Botswana.

23 March 2017
Companies & Finance

Sonatrach pulls in $5.6 bln in Jan-Feb 2017

Algeria’s state-owned Sonatrach has earned $5.6 billion in the first two months of 2017, up from $3.8 billion in the same period last year

23 March 2017
Companies & Finance

Maersk signs Danish deal to redevelop Tyra field

Oil and gas company Maersk has signed a deal with the Danish government to pay less tax on its North Sea activities until 2025.

23 March 2017
Former Neuquén Governor Jorge Sapag (right). Plans for the province have met resistance. (Govt of Neuquén) Companies & Finance

Argentina’s new deal causes union bluster

Buenos Aires is seeking to relax strict health and safety rules for drillers in Vaca Muerta, but the country’s unions are not happy.

23 March 2017
Companies & Finance

Gas Natural to complain against Colombian asset seizure

Spanish giant Gas Natural is set to file a €1.0 billion complaint against Colombia in response to Bogotá’s seizure of the company’s power supply business in the country.

22 March 2017
Companies & Finance

Resources Energy abandons plans for Port MacKenzie LNG

Japan-based Resources Energy Inc. will withdraw plans by the end of March for construction of the estimated $1 billion Port MacKenzie LNG project in Alaska.

22 March 2017
Companies & Finance

China Oilfield Services makes loss of $1.7 bln in 2016

China Oilfield Services, the Hong Kong-listed subsidiary of China National Offshore Oil Corp., made a loss of RMB 11.5 billion ($1.7 billion) in 2016.

22 March 2017
Companies & Finance

ENN Energy Holdings boosts revenue to $5 bln in 2016

Hong Kong-listed gas distributor ENN Energy Holdings increased its revenue by 6.4% year on year in 2016, to RMB 34.1 billion.

22 March 2017
Companies & Finance

Nigerian contractors given 30 days to start work in Delta

The Nigerian government has given contractors 30 days to start stalled development work in the Niger Delta region or face prosecution.

22 March 2017

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