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
Companies & Finance

Victoria Oil & Gas secures Logbaba funding

London-listed Victoria Oil & Gas announced on Tuesday that it has raised £9.5 million ($14.8 million) through a share placement to make the final payments for the Logbaba gas project in Cameroon.

27 September 2011
Companies & Finance

HSBC and Emirates NBD to lend $200 million to Dubai’s Hassyan IPP

Soaring demand for electricity across the Gulf Corporation Council has led to a surge in power project proposals, backed by private investors and international lenders.

27 September 2011
Companies & Finance

Arrow strings up Bow takeover for $522 million

Australia’s Arrow Energy has won approval for its takeover of coal-bed methane (CBM) explorer Bow Energy after raising its offer to $521.8 million (A$535 million), making way for further consolidation in the booming Australian CBM-to-LNG market.

26 September 2011
Companies & Finance

JP Morgan signs loan with Sberbank

JP Morgan Treasury has signed a $100 million trade finance loan with Russia's Sberbank to facilitate pre-export lending for oil and gas companies in the country.

23 September 2011
Companies & Finance

Surgil project finance out to market

A project finance facility to back the Surgil natural gas complex in Uzbekistan is out to market with banks asked to commit to a $1.6 billion export credit agency (ECA) and multilateral backed facility.

23 September 2011
Companies & Finance

IGas Energy acquires Malaysia’s Star

UK-based IGas Energy is to acquire Star Energy from Malaysia's Petronas for £110 million ($173 million) using a new debt facility with Macquarie.

23 September 2011
Companies & Finance

Fourth lender for Breagh development

A fourth lender has emerged for a project finance package to fund the £105 million ($166 million) first phase of the Breagh gas field development in the North Sea.

23 September 2011
Companies & Finance

Eni reach $1 billion pipeline agreement with Fluxys

Italian energy major Eni has sold its interests in the Transitgas and Trans-Europa Naturgas Pipeline (TENP) for $1.16 billion to Belgian gas operator Fluxys.

23 September 2011
Companies & Finance

Beltransgaz deal with Gazprom nearing completion

Gazprom held a "very constructive" round of talks with Belarusian Prime Minister Mikhail Myasnikovich on Thursday, discussing terms for Russian natural gas exports to Belarus and for Russian gas transit through Belarus to Europe that would take effect next year, said the Russian gas company's chief executive, Alexei Miller on Friday.

23 September 2011
Companies & Finance

Apache acquires Exxon’s maturing North Sea assets

Apache North Sea, a subsidiary of the United States’ Apache Corporation, has agreed to purchase ExxonMobil’s North Sea assets for $1.75 billion, according to a statement released on Thursday.

22 September 2011
Companies & Finance

British fund vying for Alrosa gas assets - Kommersant

British private investment fund British Empire Special Situations, part of the British Empire Fund group and financed by Steven Clark Rockefeller, plans to buy Russian diamond monopoly Alrosa's gas assets, Geotransgas and Urengoi Gas Company, for $1-$1.3 billion, Russian newspaper Kommersant business daily wrote on Wednesday.

21 September 2011
Companies & Finance

Geo Alliance drafts new investment programme

Geo Alliance, the oil and gas company controlled by Ukrainian billionaire Viktor Pinchuk’s EastOne investment and consulting group, plans to launch a new investment programme aimed at sustainable growth of hydrocarbon production, EastOne Chief Executive and President Gennady Gazin said.

21 September 2011
Companies & Finance

Tokyo Gas buys stake in Belgian gas-fired power plant

Tokyo Gas has agreed to buy a 26.66% stake in Belgian gas-fired power station owner T-Power, which is co-owned by Germany’s Siemens Project Ventures and Belgium’s Tessenderlo Group, Siemens and Tessenderlo announced on Wednesday.

21 September 2011
Companies & Finance

Tariff for Sakhalin-Vladivostok gas pipeline does not cover Gazprom costs - FTS

The tariff for transporting gas through the new Sakhalin-Khabarovsk-Vladivostok trunk pipeline does not cover Gazprom's construction costs for the pipeline, the head of the Russian Federal Tariff Service (FTS), Sergei Novikov, told Interfax on Wednesday.

21 September 2011
Companies & Finance

Sibur eyes gas projects in Vladivostock

Russia’s petrochemicals firm Sibur may take part in the construction of a gas refinery and a petrochemicals complex in Vladivostok for refining gas received via the Yakutia-Khabarovsk-Vladivostok pipeline, the general director of Sibur-Vostok, Denis Solomatin, told Interfax on Wednesday.

21 September 2011
Companies & Finance

Gas independents to maintain supply deals with E.On Russia

E.On Russia, the Russian electricity arm of German utility E.On AG, plans to maintain the proportion of gas it consumes from independent gas suppliers throughout 2012, chairman of the company's board of directors Sergei Tazin said on Wednesday.

21 September 2011
Companies & Finance

Kogas acquires 2% of Primorsky Gas

Korea Gas Corporation (Kogas) has, via its subsidiary Kogas Vostok, acquired 2% of the shares in Vladivostok-based Primorsky Gas, which supplies consumers in the Primorye territory with LNG, the Russian company told Interfax.

20 September 2011
Companies & Finance

Gazprom in negotiations to purchase Promgas stake from Eni

Gazprom is negotiating with Italian multinational Eni to purchase the entire stake in its joint venture Promgas, a gas market source told Interfax.

20 September 2011
Large-scale development of CBM blocks in China could cost $1-2 billion. (PA) Companies & Finance

Lack of funding and inexperience stall China’s CBM development plans

China has larger coal-bed methane reserves than the United States, but production has been stymied by a combination of inexperience and insufficient funding. There are reasons to be optimistic, however.

20 September 2011
Companies & Finance

Close China-Pakistan ties may aid United Energy’s new venture

China and Pakistan have long enjoyed cosy diplomatic and trade relations, so it comes as little surprise that United Energy Group has stepped in to buy BP's Pakistan assets.

20 September 2011

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