GE’s new Asia Pacific Monitoring & Diagnostics Center in Malaysia monitors more than 70 power plants. (GE) Companies & Finance

New technology pays dividends for industry

Oil and gas companies are quantifying the economic benefits of pioneering the use of new technologies.

By Silvia Favasuli 24 February 2017
Companies & Finance

Xi’an Qinhua Gas fined by Shaanxi for gas meter violations

Xi’an Qinhua Gas has been fined by the Chinese province of Saanxi for violating regulations.

27 February 2017
Companies & Finance

China’s Latin love affair continues

Brazil was the focus of Chinese lending in 2016 as Beijing eyes the Latin American country’s future oil production.

27 February 2017
The Pluto LNG plant. Woodside Petroleum is consdiering supplying the plant from small offshore assets. (Woodside) Companies & Finance

Woodside opts for smaller field approach for Pluto

Woodside is looking to keep development costs down in Western Australia by tapping smaller assets to supply its LNG plants.

24 February 2017
Companies & Finance

Iran targets 50% increase in gas output by 2020

Iran’s gas exports are forecast to rise from 53.2 bcm in 2016 to 102.7 bcm by 2020, according to the country's Institute for International Energy Studies.

24 February 2017
Companies & Finance

Thailand’s PTT eyes up Malaysia’s Sarawak gas field

Thailand’s state oil and gas player PTT has expressed an interest in buying a stake in Malaysia’s Sarawak gas field.

23 February 2017
Companies & Finance

Leviathan field developers finally sign FID

The companies behind the Leviathan gas field development in Israel have signed the FID for the project.

23 February 2017
The Qatargas 4 LNG plant. Qatar is considering investing abroad. (Shell) Companies & Finance

Qatari minister hints at LNG portfolio ambitions

Qatar is considering becoming a global LNG portfolio player and intends to continue to invest in LNG infrastructure in importing countries, according to its energy minister.

23 February 2017
Companies & Finance

Arcticgas JV on verge of receiving new investment

Arcticgas, a joint venture between Gazprom and Novatek, could be on the verge of receiving new investment that will influence its ability to pay dividends to its shareholders.

23 February 2017
Companies & Finance

Novatek planning to boost LNG output and keep market share

Novatek wants to boost LNG production while maintaining its share of the domestic market.

23 February 2017
Companies & Finance

Veresen offloads C$1.18 bln of power generation assets

Canadian mid-stream company and project developer Veresen has agreed to sell its power generation assets to three separate buyers for C$1.18 billion.

22 February 2017
Companies & Finance

Gazprom signs Yamalo-Nenets supply agreement

Gazprom has signed a cooperation agreement with Russia’s Yamalo-Nenets Autonomous District for 2017 that includes a guarantee by the Russian gas giant to supply the district with gas and other petroleum products.

22 February 2017
Companies & Finance

Projects chosen for EU funding under CEF second call

The EU has selected 18 gas and power infrastructure projects to receive funding under its second call for proposals under the Connecting Europe Facility in 2016.

22 February 2017
Companies & Finance

Saudi Aramco unlikely to float on Asian exchanges

Saudi Arabia is now considering listing its oil and gas giant Saudi Aramco on the New York, London or Toronto stock exchanges, but is less likely to list in Asia.

21 February 2017
An Italian gas processing plant. Newcomer Saffron Energy sees great potential in the country. (Eni) Companies & Finance

Saffron Energy sees easy access to Italian market

Saffron Energy is a new company created to develop three gas fields in northern Italy. Its CEO explains the advantages of producing in the country.

21 February 2017
Companies & Finance

Petronas puts SK316 stake on sale

Malaysia’s Petronas is looking to sell up to a 49% stake in the offshore SK316 gas block that feeds Train 9 of the Bintulu LNG plant.

20 February 2017
Companies & Finance

Sound Energy acquires eastern Morocco assets

Sound Energy has signed a binding agreement to acquire all of Oil & Gas Investment Fund’s oil and gas assets in eastern Morocco.

20 February 2017
Companies & Finance

Portugal’s EDP in talks with JP Morgan over Naturgas divestment

Portuguese energy company EDP is negotiating with JP Morgan Infrastructure over whether it can divest its stakes in transmission system operator Naturgas.

20 February 2017
Companies & Finance

Indian companies make $3 bln in investments in Bangladesh

Indian investments worth more than $3 billion have been registered with the Bangladesh Investment Development Authority.

17 February 2017
Companies & Finance

Ex-Sonangol chief executive charged with bribery

The former chief executive of Angolan state oil and gas company Sonangol has been charged with corruption and laundering by a Portuguese court.

17 February 2017
Companies & Finance

OMV’s Q4 CCS EBIT hits €315 mln

Austrian oil and gas company OMV has reported an increase in its earnings of €315 million ($335 million) for Q4 2016.

17 February 2017

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