Flaring from a shale gas well in eastern Australia’s Cooper Basin. Companies & Finance

Gas exploration stymied as Western Australia restricts onshore fracking

Western Australia’s new Labor government has stopped fracking in the state in a move critics say will deter investment in oil and gas exploration.

By Sally Bogle 21 September 2017
Companies & Finance

Philippines receives offers for sale of banked gas

The Philippines has received offers from 12 foreign companies to purchase the ‘banked gas’ the government has in the Malampaya field.

18 September 2017
Companies & Finance

Exxon reaches settlement over Sakhalin 1 tax dispute

Russia has reached an out-of-court settlement with ExxonMobil regarding its tax dispute over Sakhalin 1.

15 September 2017
Companies & Finance

Gazprom management approves revised investment programme

Gazprom’s management committee has approved the company’s revised investment programme for 2017.

15 September 2017
Shell's Malampaya field project. Companies & Finance

Manila seeks World Bank help for LNG plans

Philippine National Oil Co. is turning to the International Finance Corp. to help spur development of its first LNG import project.

14 September 2017
Companies & Finance

CNPC and Eni to cooperate on E&P opportunities

China National Petroleum Corp. and Eni signed an agreement on Wednesday to cooperate on oil and gas exploration and production.

14 September 2017
Companies & Finance

BPCL looking to merge with Gail and Oil India

India’s state-owned oil marketer Bharat Petroleum Corp. Ltd. is considering a merger with Gail and Oil India.

14 September 2017
Companies & Finance

Japan and India to bolster ties through energy project cooperation

Japanese Prime Minister Shinzo Abe is visiting India and seeking to strengthen ties between the two countries.

14 September 2017
Companies & Finance

Wentworth on track to sell Moz gas block share

Wentworth Resources is on schedule to sell an 85% stake in the onshore Tembo gas block in northern Mozambique.

14 September 2017
Companies & Finance

Ophir focused on Fortuna FID in 2017

Ophir Energy is targeting an FID on the Fortuna FLNG project in Equatorial Guinea before the end of the year.

14 September 2017
Companies & Finance

Shell presents proposal for Kish field

Shell presented its development proposal for Iran’s Kish gas field on Tuesday.

13 September 2017
Companies & Finance

More investment needed in Irish supply security – industry exec

Ireland and Northern Ireland need more investment to address security of supply, the CEO of the Electricity Association of Ireland has said.

13 September 2017
Companies & Finance

UK competition body approves Wood Group-Foster Wheeler merger

The UK’s Competition and Markets Authority has approved a merger between Wood Group and Amec Foster Wheeler.

13 September 2017
Companies & Finance

Tariff cut to squeeze Shaanxi gas distributor’s profits

The gas distributor for the Chinese province Shaanxi expects profits to be squeezed by plans to cut tariffs.

12 September 2017
Companies & Finance

Thai energy business plans battery factory and power storage project

The energy business arm of Thailand’s state oil and gas firm PTT is planning to build a lithium-ion battery factory and storage project.

12 September 2017
Companies & Finance

Cyprus Block 11 exploration disappoints Total and Eni

Total and Eni have told Cyprus’s energy minister that their exploration in Block 11 has been disappointing.

12 September 2017
Companies & Finance

Baker Hughes wins Zohr development contract

Baker Hughes has won a contract for part of the Zohr gas field development offshore Egypt.

11 September 2017
Companies & Finance

Origin to increase Otway stake in bid to offload Lattice

Australia’s Origin Energy will increase its stake in the Otway gas project to simplify ownership and help it offload subsidiary Lattice Energy.

11 September 2017
Companies & Finance

Vietnam to reduce government stake in PV Gas

The Vietnamese government expects to reduce its ownership in PetroVietnam Gas by 30% between 2018 and 2019.

11 September 2017
Companies & Finance

Mexico’s non-associated gas in freefall

Pemex invested 35% less in H1 2017 than it did in H1 2016, as the state-run company cuts back sharply on E&P.

11 September 2017
Companies & Finance

Petrobras to sell 90% stake in TAG pipeline subsidiary

Brazilian state-run giant Petrobras has said it will sell a 90% stake in its Transportadora Associada de Gas pipeline subsidiary.

8 September 2017

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