BTL Group has completed a successful trial with BP and other companies. (BP plc) Companies & Finance

Scale-up planned for blockchain gas trading

BTL Group is working to scale up a blockchain project that will simplify gas trading and make it safer, according to the company’s chief innovation officer.

By Silvia Favasuli 20 June 2017
Construction of the Azura-Edo IPP in Nigeria. The country’s utilites are struggling with low tariffs. (Azura Power) Companies & Finance

Nigerian discos go off grid in search of profit

Nigeria has set its electricity tariffs so low that distributors are saying they are unable to turn a profit, leaving them searching for alternatives

15 June 2017
Companies & Finance

India’s plans for developing east coast LNG

India has plans for six LNG terminals along the country's east coast, with around 18 mtpa of regasification capacity in the planning stage.

15 June 2017
Companies & Finance

Atlantic LNG to cut 7% of workforce

Atlantic LNG, the company that oversees Trinidad & Tobago’s liquefaction plant, is planning to cut its staff by 7%.

14 June 2017
Companies & Finance

Wentworth begins farm-in process in northern Mozambique

Wentworth Resources has started the process to farm into the Tembo 1 gas asset in the Rovuma Basin in northern Mozambique.

14 June 2017
Companies & Finance

Dana expects halving of profit rates on $700 mln of Islamic bonds

Dana Gas expects the profit rates on $700 million of its Islamic bonds to have more than halved after they were found to not comply with religious law.

14 June 2017
Companies & Finance

Transit of Russian gas through Ukraine increases

Volumes of Russian gas destined for European customers transiting Ukraine increased over the first five months of 2017 compared with the same period last year.

14 June 2017
Companies & Finance

Snam CEO appointed president of GasNaturally

Marco Alverà, chief executive of Italian TSO Snam, has been appointed as the first president of a partnership of associations representing the European gas value chain.

13 June 2017
Companies & Finance

Brazilian power company seeks Bolivian gas supply contract

Âmbar Energia, a power company owned by Brazilian conglomerate J&F Investimentos, is seeking a long-term gas supply contract with Bolivia from 2019.

13 June 2017
Companies & Finance

China’s NDRC approves Texas shale purchase

China’s National Development and Reform Commission has approved Guanghui Energy’s plan to buy a shale gas project in Barnett, Texas, for $200 million.

13 June 2017
Companies & Finance

PetroChina’s gas sales in east China up 20%

PetroChina’s gas sales unit for eastern China sold 15.8 billion cubic metres of gas in the first five months of this year, an increase of 20% year on year.

13 June 2017
Companies & Finance

CNOOC South China Sea gas sales for 2017 hit 1.5 bcm

China National Offshore Oil Corp. sold 1.5 bcm of gas from offshore fields in the South China Sea in the first five months of 2017, up by 21% year on year.

13 June 2017
Companies & Finance

Indonesian companies to buy Masela gas for power and industry

Indonesian state power company PLN and fertiliser company PT Pupuk Indonesia will purchase gas from the Masela Block development.

13 June 2017
Companies & Finance

Sarawak govt taking greater role in exploration and development

The government of the Malaysian state of Sarawak is set to establish a state-owned company to explore and develop resources in the state’s territorial waters.

13 June 2017
Companies & Finance

Green Climate Fund payouts fall short of targets

The $10 billion international Green Climate Fund has to date made a pay-out of only $5 million for a United States-led solar energy project.

13 June 2017
Companies & Finance

Encana sells Piceance assets to Cearus

Canada’s Encana has reached an agreement to sell its Piceance Basin gas assets in northwestern Colorado to Denver-based Caerus Oil and Gas for $750 million.

12 June 2017
Companies & Finance

Engie announces $512 mln price tag for Petronet LNG stake

France’s Engie is seeking $512 million for its 10% stake in India’s Petronet LNG.

12 June 2017
Companies & Finance

PetroVietnam beats revenue target by 13.4%

PetroVietnam exceeded its revenue target by 13.4% in the first five months of 2017.

12 June 2017
Pipe production for the Nord Stream gas pipeline. (Gazprom) Companies & Finance

EC presses on with TPA demands for Nord Stream 2

The European Commission is pushing ahead with its attempts to bring Nord Stream 2 under a separate legal framework despite opposition.

12 June 2017
Companies & Finance

Eni signs research agreement with University of Bologna

Italian oil and gas major Eni has signed a three-year framework agreement with the University of Bologna on research and development in the energy sector.

12 June 2017
Companies & Finance

Egdon Resources and Island Gas acquire licence in East Midlands

Egdon Resources and Island Gas have each acquired 50% interests in the PEDL278 licence in the East Midlands from Celtique Energie Petroleum and Investcan.

12 June 2017

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