A consortium of infrastructure funds bought 61% of National Grid Gas Distribution in December. (National Grid) Project Finance

Funds invest billions in European grids

Funds and insurance companies continue to show an appetite for European gas and power grids, with billions of euros invested in 2016 alone.

Jim Menard, general manager. (The Weather Company) People

Weather forecasters have more to offer the upstream

Improvements in weather forecasting technology are starting to benefit upstream operators with greater coverage and longer forecasts, says The Weather Company’s Jim Menard.

Anadarko sells Eagle Ford shale assets to Sanchez and Blackstone

Houston-based Anadarko Petroleum has agreed to sell its South Texas Eagle Ford shale assets to Sanchez Energy Corp and Blackstone Group for $2.3 billion.

16 January 2017

RGPPL to separate gas and power businesses

India’s Ratnagiri Gas and Power Pvt Ltd. (RGPPL) is planning to spin off its gas and power businesses into separate entities

16 January 2017

Exxon developing Vietnam’s Blue Whale project

ExxonMobil has signed two agreements with PetroVietnam and its subsidiaries to develop of the Blue Whale gas project offshore Vietnam.

16 January 2017

Crescent plans move into Iraq and North Africa

Crescent Petroleum is planning to invest in Iraq and North Africa, Majid Jafar, the company’s chief executive, has said.

16 January 2017

Gazprom agrees lower gas transit price with Georgia

The price Gazprom will pay Georgia to transit gas to Armenia will be lower in 2017 than it was last year.

13 January 2017

Gazprom allocates large sums to three big pipeline projects

Gazprom is allocating significant amounts of money to three major gas pipeline projects in 2017.

13 January 2017

Hess to boost E&P spend to $2.25 bln for 2017

United States oil and gas company Hess plans to increase its exploration and production spending to $2.25 billion this year.

13 January 2017

PV Gas plans $2 bln in investment for 2017

PetroVietnam subsidiary PV Gas plans to invest $2 billion in more than 60 projects this year.

12 January 2017

India seeks advice on gas flow compensation claims

The Indian government is seeking legal advice on whether it can recover $1.55 billion in compensation from Reliance Industries as part of a gas dispute with ONGC.

12 January 2017

Ivory Coast gets new energy minister for new government

Ivory Coast’s president, Alassane Ouattara, has named Thierry Tanoh, former head of Africa’s Ecobank, as the country’s new energy minister.

12 January 2017

Gazprom export price rises for non-FSU countries

The price at which Gazprom will sell gas to non-FSU countries in January has risen to $197/Mcm from $189/Mcm in December.

12 January 2017

Shenzhen Gas increases 2016 revenue by 6.8%

Shenzhen Gas Group boosted its 2016 revenue by 6.8% year on year, to RMB 8.51 billion.

11 January 2017

PTTEP cuts 2017 investment budget by 30%

Thailand’s PTTEP has cut its investment budget for 2017 by 30%, to $2.9 billion, as it focuses on efficiency.

11 January 2017

Oil and gas union strike begins in Nigeria

Nigerian oil and gas workers began striking on Wednesday in protest against recent job losses in the sector.

11 January 2017

SapuraKencana subsidiaries win contracts worth $300 mln

Subsidiaries of Malaysia’s SapuraKencana Petroleum have won contracts worth $300 million.

10 January 2017

ONGC buys 80% stake in Deen Dayal West fields for $1 bln

India’s Oil and Natural Gas Corp. (ONGC) has agreed to purchase an 80% stake in the KG-OSN-2001/3 block from Gujarat State Petroleum Corp. for $1 billion.

10 January 2017

PTTEP sets $15 bln investment budget for next five years

Thailand’s PTTEP has set an investment budget of $14.95 billion for the 2017-2021 period.

10 January 2017

Total buys Ugandan stake from Tullow

French supermajor Total will buy a 21.57% stake in the Lake Albert oil project in Uganda from Tullow Oil at a cost of $900 million.

10 January 2017

Eni gets €70 mln from EIB to kick-start new green plan

The European Investment Bank has approved a €70 million loan to finance 75% of the first phase of Progetto Italia, Eni’s renewables programme.

10 January 2017

US oil and gas production jobs up in November

The number of oil and gas production jobs in the United States increased in November 2016 for the first time since 2014 as a result of higher crude prices.

9 January 2017

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