An LNG tanker at the Gladstone LNG project in Australia Companies & Finance

Private equity stalks Santos assets in Australia and PNG

Harbour Energy’s proposed takeover of Santos is symptomatic of the problems facing overcapitalised Aussie operators.

By Sally Bogle 16 November 2017
Mocimboa da Praia, close to the planned L Companies & Finance

Downplaying Mozambique attacks will not comfort investors

By ignoring the significance of the attacks in northern Mozambique, the government shows a lack of preparedness for the major social upheaval LNG projects will bring.

10 November 2017
SNOC will moor an FSRU outside Hamriyah port. Companies & Finance

SNOC to relocate Hamriyah FSRU, delaying FID

Sharjah National Oil Co.'s plans to relocate its FSRU outside of Hamriyah port will delay FID to next year and increase the project's costs.

10 November 2017
Libya’s Mellitah  gas compression  station. Companies & Finance

Libya’s NOC moves to boost gas production

Libya is seeking to increase domestic gas production to meet rising demand and prevent damaging blackouts.

10 November 2017
Companies & Finance

Pemex logistics unit asks for compensation from gas regulator

Pemex’s logistics unit has asked Mexico’s gas regulator to pay MXN 27.9 billion in compensation for undervalued pipelines and other assets.

9 November 2017
Companies & Finance

Morocco agrees to reduce Genel’s Sidi Moussa work programme

The Moroccan government has agreed to scale down Genel’s work programme in the Sidi Moussa offshore area.

9 November 2017
Companies & Finance

Bangladeshi Coal Power Generation Co. signs MOU for gas power plant

Bangladesh’s Coal Power Generation Co. and Japan’s Mitsui will build a 500-600 MW gas-fired power plant and LNG terminal in Matarbari.

9 November 2017
Companies & Finance

YPF oil and gas output down in Q3

Argentine state-run giant YPF's gas production fell by 1.7% in Q3 2017.

9 November 2017
Nord Stream 2 pipeline segments in Finland. Companies & Finance

Danish opposition to Nord Stream 2 could force delay, boost cost

A new law in Denmark is expected to force the developer of Nord Stream 2 to alter the pipeline's route, increasing costs and delaying its completion date.

9 November 2017
Companies & Finance

Total acquires Engie’s upstream LNG business

Total has signed a $1.49 billion agreement with French utility Engie to acquire its portfolio of upstream LNG assets.

9 November 2017
The Trans-Alaska pipeline. Companies & Finance

China deal good news for AKLNG, but obstacles remain

Alaska LNG secured new backers during the US president’s trip to China, but the project still has hurdles to overcome.

9 November 2017
Companies & Finance

Exxon recognised as midstream operator of Mozambique's Area 4

ExxonMobil signed an agreement formally recognising it as midstream operator of the Offshore Area 4 gas block in northern Mozambique.

8 November 2017
Companies & Finance

New director of ANP approved by Brazilian senate

The Brazilian Senate approved Dirceu Cardoso Amorelli Junior as director of the country’s hydrocarbon agency, the ANP.

8 November 2017
Companies & Finance

Venezuela’s PDVSA credit rating cut to C

Credit rating agency Fitch cut Venezuelan state-owned giant PDVSA’s rating from ‘CC’ to ‘C’ on Tuesday.

8 November 2017
Companies & Finance

ONGC calls for higher gas prices at KG block

India’s ONGC has requested that New Delhi increase the price it would receive for gas from a $600 million project to make it viable.

8 November 2017
Companies & Finance

Malaysian legislators ask Petronas to exit Myanmar over Rohingya violence

Members of the Malaysian parliament have called on Petronas to exit Myanmar in protest over the violence against Rohingya Muslims.

8 November 2017
Companies & Finance

Petrobras looking to sell Nigerian upstream assets

Petrobras is seeking to sell its Nigerian upstream assets as part of a broad divestment strategy.

8 November 2017
Companies & Finance

HSBC to offer $5.32 bln in credit for Argentine energy projects

HSBC Argentina plans to offer $5.32 billion in various credit lines to finance energy projects in Argentina.

7 November 2017
Companies & Finance

Sonatrach invests $2 bln to maintain Hassi R’Mel’s output

Algeria’s state-owned Sonatrach has started a $2 billion investment programme for the Hassi R’mel gas field with the aim of maintaining production levels.

7 November 2017
Companies & Finance

Gas Natural Fenosa’s profits fall by double digits in 9M 2017

Spain’s Gas Natural Fenosa saw a double-digit fall in profits over the first nine months of the year.

7 November 2017
Masai children with access to electricity. Companies & Finance

Consultancies biggest winners of Power Africa funds

Data provided by USAID shows consultancy firms and government agencies are the biggest recipients of Power Africa funds so far.

7 November 2017

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