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A seismic survey ship at work for Ophir Energy. Mergers & Acquisitions

Medco takeover could cement Ophir’s Asia pivot

Medco’s acquisition of Ophir Energy would create a significant player in East Asia and shift the latter’s focus away from Africa.

4 January 2019
Companies

BP takes FID on Tortue/Ahmeyim

BP and its partners have taken FID for phase 1 development of the ultra-deepwater Greater Tortue Ahmeyim project.

21 December 2018
Companies

Shell calls for Malampaya tax case verdict within six months

Shell Philippines Exploration is looking for a verdict on its PHP 53 billion tax case relating to production from the Malampaya field within the next six months

21 December 2018
Project Finance

PTTEP boosting capex plans as it eyes African projects

PTTEP plans to increase its capital expenditure next year to $1.84 billion as it looks to develop new projects in Africa.

21 December 2018
Mergers & Acquisitions

Snam-led consortium completes acquisition of DESFA

Italy’s transmission system operator Snam announced on Thursday that it had completed its acquisition of Greek counterpart DESFA

20 December 2018
Maputo skyline, Mozambique Project Finance

Anadarko, Exxon LNG race heats up in Mozambique

Exxon has submitted a revised LNG development plan to the Mozambique government, while Anadarko has secured 9.5 mtpa of LNG offtake.

20 December 2018
Petronas’s PFLNG facility off the coast of Sarawak. (Petronas) Project Finance

Sarawak’s proposed sales tax is a bitter pill for IOCs

The Sarawak state government’s proposed sales tax risks deterring potential developers.

20 December 2018
Companies

Woodside supplying Pluto gas to Western Australia

Woodside Petroleum’s Pluto LNG project in Western Australia has supplied its first gas for domestic use into the Dampier-Bunbury gas pipeline.

19 December 2018
Results

Weiyuan block shale gas output up 60%

Chuanqing Drilling Engineering’s daily shale gas output at the Weiyuan Block in southwest China reached 5.1 million cubic metres on 2 December.

19 December 2018
Project Finance

Lack of investment puts Australia’s east coast gas market at risk

Australian gas suppliers are delaying investment in exploration needed to stave off longer-term concerns about prices in the country’s east coast gas market, the ACCC has said.

19 December 2018
Mergers & Acquisitions

PNOC risks closure as it struggles with LNG terminal plans

PNOC could be closed or merged with subsidiaries if it continues to struggle to implement a proposed LNG terminal.

19 December 2018
Mergers & Acquisitions

BP buys Conoco stake in UK North Sea oilfield

ConocoPhillips has completed the sale of a subsidiary that holds a 16.5% stake in the Clair oilfield in the UK North Sea to BP.

19 December 2018
Results

Growing heating demand boosts Chinese LNG prices

The average ex-works price of LNG from Chinese wholesalers increased last week as growing heating-related demand prompted plants to raise their prices.

19 December 2018
Mergers & Acquisitions

PGNiG gains approval to buy stake in Tommeliten Alpha field

Poland’s PGNiG has obtained permission to buy a 42.38% share in the Tommeliten Alpha field offshore Norway from Equinor

18 December 2018
Companies

Golar to start work on FLNG vessel for Tortue/Ahmeyim

Golar LNG has been notified by BP subsidiaries that it can proceed with work to provide an FLNG vessel for the Tortue/Ahmeyim gas project in West Africa.

18 December 2018
Companies

CNOOC agrees to develop Chinese acreage with foreign companies

CNOOC has signed strategic cooperation agreements with nine foreign companies to develop acreage off the coast of southern China.

18 December 2018
Companies

BP and Sonangol reach agreement for further investments

BP has signed an agreement with Angola’s Sonangol that will allow it to make FIDs on several offshore blocks in the country.

18 December 2018
Project Finance

Romania receives €50 mln loan from EIB for Tuzla-Podisor link

Transgaz has received a €50 million loan from the EIB for the financing of the Tuzla-Podisor pipeline.

18 December 2018
Companies

Italian judge says Eni and Shell knew of Nigeria corruption

Eni and Shell were fully aware of corrupt payments to Nigerian officials, an Italian court has heard

17 December 2018
LNG bunkering in Rostock in Germany Companies

LNG bunkering is catching on in the Gulf

LNG exporters in the Gulf are hoping to crack the ‘chicken and egg’ issue of LNG bunkering in time for the IMO’s 2020 sulphur cap.

17 December 2018

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