Petroceltic’s Algeria AT-9 well. Algeria is pushing to increase its gas output. (Petroceltic) Companies & Finance

Algerian energy minister continues shake-up

The head of the Algerian oil and gas licensing agency, Alnaft, has been replaced in what could be a sign of sweeping changes to come.

By Verity Ratcliffe 24 March 2017
Companies & Finance

Gas Natural and Sonatrach reach agreement

Spanish utility Gas Natural has agreed to pay Algeria’s Sonatrach $1.89 billion to resolve a dispute over gas prices through the Maghreb-Europe pipeline.

16 June 2011
Companies & Finance

China’s HQCEC secures Australian LNG Ltd stake

China Huanqiu Contracting & Engineering Corporation’s (HQCEC) acquisition of 20% of the shares in Australian company Liquefied Natural Gas Limited (LNG Ltd) has been approved by the Chinese authorities, thus making the deal legally binding, LNG Ltd said on Tuesday.

15 June 2011
Companies & Finance

Petrofac increases stake in Seven Energy

Petrofac has increased its stake in Nigerian exploration and production company Seven Energy from 12.6% to 24.5% with a $75 million investment.

10 June 2011
Companies & Finance

Latest round of Gazprom, CNPC talks end in deadlock

The latest round of talks between Gazprom and China National Petroleum Corporation (CNPC), held in Beijing on 7-9 June, have ended in deadlock, with Gazprom Deputy CEO Alexander Medvedev extending an invitation to continue talks in Moscow on 14 June.

10 June 2011
Companies & Finance

DNO International elects new chairman

The chief executive of Rak Petroleum, Bijan Mossavar-Rahmani, was elected the new chairman of Norwegian independent DNO International at the company’s annual general meeting on Thursday, ousting the long-running chairman Berge Gerdt Larsen.

10 June 2011
Companies & Finance

Mitsui buys stake in European shale project

Japan’s Mitsui has agreed to buy a 9% interest in 10 of Marathon Oil Corporation's Paleozoic shale gas exploration concessions in Poland.

9 June 2011
Companies & Finance

Total sells stake in Norwegian transportation system

French major Total has sold its entire 6.4% stake in the Gassled gas transportation system offshore Norway to Silex Gas, a wholly owned subsidiary of Allianz, it said on Wednesday.

8 June 2011
Companies & Finance

Central Resources buys six Brazilian oil and gas concessions

Central Brazil Coöperatief, an affiliate of United States (US) based Central Resources, has acquired six oil and gas concessions in Brazil from a unit of Koch Industries.

8 June 2011
Companies & Finance

Americas Petrogas expands drilling in Argentina with new acquisition

Canadian oil and gas company, Americas Petrogas, is expanding its operations in Argentina with the acquisition Energicon and continued drilling for oil and gas in the Neuquén Basin, the company said on Friday.

6 June 2011
Companies & Finance

Statoil agrees to sell Gassled stake for $3.2 billion

Norway’s Statoil is to sell a 24.1% stake in the Gassled joint venture for 17.35 billion Norwegian kroner ($3.2 billion) to Solveig Gas Norway – a joint venture including pension funds and the Abu Dhabi Investment Authority (Adia).

6 June 2011
Companies & Finance

Saipem and Chiyoda sign joint venture deal

Italy’s Saipem has signed a co-operation agreement to develop onshore LNG and other upstream projects with Chiyoda Corporation, a Japanese engineering group.

6 June 2011
Companies & Finance

Reliance shares fall after AGM

Shares in Reliance Industries fell today as investors were disappointed with comments made by chairman, Mukesh Ambani, at the company’s 37th annual general meeting (AGM) of shareholders in Mumbai.

3 June 2011
Companies & Finance

Petronas buys stake in Canadian shale gas plays

Malaysia’s Petronas has, this week, bought half of three Canadian shale gas plays for C$1.07 billion ($1.09 billion) from Calgary-based Progress Energy Resources and will discuss development of LNG export facilities in British Columbia.

3 June 2011
Companies & Finance

Total representative to replace Dmitriyev on Novatek board

A representative of France’s Total will replace Vnesheconombank chairman, Vladimir Dmitriyev, on the board of directors at gas producer, Novatek.

3 June 2011
Companies & Finance

Vopak, Enagas buy Mexican LNG terminal from Shell

Vopak, a Dutch tank storage service provider, and Enagas, the Spanish grid operator, have agreed to buy the Altamira LNG import regasification terminal on the east coast of Mexico from current owners Shell (50%), Total (25%) and Mitsui (25%), the companies said on Thursday.

2 June 2011
Companies & Finance

Israel’s Premium Holdings may buy stake in Leviathan shareholder

Israeli investment company Premium Holdings is looking into options to buy a 15% stake in Ratio Oil Exploration, which owns 15% of the giant Leviathan gas field off Israel’s Mediterranean coast.

2 June 2011
Companies & Finance

OGX issues $2.6 billion in unsecured notes

Brazilian independent OGX Petróleo e Gáshas issued $2.563 billion in unsecured notes to be used to fund development of its substantial natural gas discoveries.

1 June 2011
Companies & Finance

ONGC reports drop in Q4 earnings

India’s Oil & Natural Gas Corp. (ONGC) reported a 26% drop in fourth quarter net profits to 27.9 billion rupees ($619 million), as it failed to take full advantage of higher oil and gas prices due to government-imposed subsidies.

31 May 2011
A line of pipe-laying cranes carrying gas pipes prior to a connection ceremony of a new pipeline in Russia's northern Yamal Peninsula. (PA) Companies & Finance

Indian bidders enter frame for Yamal LNG

A consortium of Indian companies has bid for a stake in Novatek’s Yamal LNG project, hoping to snap up a portion of the 29% holding the Russian company is preparing to offload.

31 May 2011
Royal Dutch Shell moved to capitalise on the impasse reached between BP and Rosneft by holding talks over Arctic Sea exploration with the Russian company in Moscow. (PA) Companies & Finance

Royal Dutch Shell’s Russian talks compounds BP misery

Royal Dutch Shell moved to capitalise on the impasse reached between BP and Rosneft by holding talks over Arctic Sea exploration with the Russian company in Moscow.

27 May 2011

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