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

Bowleven considering asset farm-out

Edinburgh-based Bowleven is considering farming out some of its assets, among other options, to make the company more valuable.

22 March 2017
A new CEO could mean further changes are ahead for Sonatrach. (Sonatrach) Companies & Finance

More change at Sonatrach clouds future plans

The appointment of a new CEO at Sonatrach, the Algerian company’s sixth in the last seven years, casts further uncertainty over its strategic direction.

22 March 2017
Egypt’s Western Desert. Outgoing EGPC chairman Tarek al-Hadidi awarded blocks there during his tenure. (Apache) Companies & Finance

Reshuffle at EGPC and EGAS reflects Cairo’s caution

A series of management changes at Egypt’s NOCs reveals a strategy to stop individuals from gaining too much influence, analysts say.

21 March 2017
Companies & Finance

Jobs under threat if Santos’s Narrabri CBM project is stopped

Adelaide-based Santos has said there could be job losses and closures if its $3.6 billion Narrabri CBM project in Australia’s Pilliga state forest does not go ahead.

20 March 2017
Companies & Finance

Tullow announces $750 million rights issue

Tullow Oil will issue a $750 million rights issue to pay off debts from its exploration activities in sub-Saharan Africa.

20 March 2017
Companies & Finance

Descalzi confirmed as Eni CEO for three more years

The Italian government has confirmed Claudio Descalzi as chief executive of Eni for a second three-year term.

20 March 2017
The Balhaf LNG export plant has been largely untouched by the war, but pipelines have been targeted. (Yemen LNG) Companies & Finance

Yemen LNG unlikely to restart anytime soon

Yemen's Saudi-backed government claims it has entered into fruitful discussions with IOCs, but the Balhaf LNG plant is not likely to be back online imminently.

20 March 2017
The Bonny Island LNG plant. It is unknown whether Nigeria will sell its stake in the facility. (Shell) Companies & Finance

New setbacks expected for Nigerian asset sale

Nigeria could face significant problems in selling some of its oil and gas assets, including poor security and a lack of regulatory clarity.

20 March 2017
Companies & Finance

Petrobras ruling may not lead to block sales

A ruling by a Brazilian court on Petrobras’s divestment programme on Wednesday may not lead to sales of company-owned blocks

17 March 2017
Companies & Finance

Pertamina earmarks $190 mln to explore Mahakam Block

Indonesia’s state-run oil and gas company, Pertamina, has allocated $190 million to explore and develop the Mahakam Block in East Kalimantan.

17 March 2017
Companies & Finance

South Africa’s Eskom and Coega sign MOU on nuclear plants

South African state-owned utilities Eskom and Coega Development Corp. have signed a memorandum of understanding on the country’s nuclear build programme.

17 March 2017
In the short term BP may supply LNG to Mozambique from its global portfolio. (BP plc) Companies & Finance

BP explores Moz LNG-to-power opportunities

BP, the offtaker for Mozambique's Coral FLNG project, is also looking at options to import LNG into the country to meet power demand.

17 March 2017
Companies & Finance

Petronas reports 6.7% decline in earnings for 2016

Malaysia’s state-owned Petronas reported a 6.7% decline in earnings before EBITDA to $15.9 billion for 2016.

16 March 2017
Companies & Finance

Brazilian court rules Petrobras must restart divestment plan

A Brazilian federal audit court has ruled that Petrobras should proceed with its divestment programme.

16 March 2017
Companies & Finance

ONGC to sink $3.3 bln into ultra-deepwater UD-1 block

India’s Oil and Natural Gas Corp. will invest INR 215 billion to develop the country’s deepest gas discovery.

16 March 2017
Companies & Finance

Chariot halves pre-tax losses in 2016

Chariot Oil & Gas has posted a pre-tax loss of $6.8 million for the year ending December 2016, smaller than the $14.9 million pre-tax loss it racked up the previous year.

16 March 2017
Companies & Finance

Egypt appoints new heads of EGPC and EGAS

Egypt’s oil minister, Tarek el-Molla, has appointed new heads for state oil and gas companies Egyptian General Petroleum Corp. and Egyptian Natural Gas Holding Co.

16 March 2017
Companies & Finance

Bowleven removes five directors from board

Edinburgh-based Bowleven, a company focused on exploration in sub-Saharan Africa, has removed five directors from its board.

16 March 2017
Companies & Finance

Ichthys LNG project hit with pay dispute

Australia’s Ichthys LNG export project has been halted in the final stages of construction over a pay dispute with a Japanese supplier.

15 March 2017
Companies & Finance

Top producers agree to increase gas to Australia’s domestic market

Top gas producers including ExxonMobil and Shell have agreed to increase supplies to Australia's domestic market to help avert future gas shortages.

15 March 2017

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