An lng bunkering ship in Rotterdam Companies & Finance

Total-Engie deal shows value in US upstream assets

Total’s acquisition of Engie’s LNG assets shows it has confidence in the sector, analysts say.

By Annemarie Botzki 23 November 2017
Companies & Finance

Kazmunaigas to reduce subsidiaries

Kazmunaigas plans to reduce the number of its subsidiaries by 22% in five years, the Kazakh oil producer's Chief Executive Lyazzat Kiinov said.

3 February 2012
Companies & Finance

GIP to sell stake in Chesapeake partnership

Investment fund Global Infrastructure Partners (GIP) announced on Thursday that it will offer 9.3 million units in Chesapeake Midstream Partners in a move to sell its stake in the North American devel

3 February 2012
Companies & Finance

Nordic Investment Bank to fund Finnish power plan

The Nordic Investment Bank (NIB) has agreed an €18 million ($23.7 million) loan with bioenergy company Vaskiluodon Voima Oy to build a gasification plant in Vaasa, Finland a statement released this

3 February 2012
Companies & Finance

LNG vessel firm issues private shares

Norwegian shipping company Hoegh LNG has raised NOK1.2 billion ($206 million) through a private placement share issue to help fund a new floating, storage and regasification vessel (FSRU) being constr

3 February 2012
Companies & Finance

Syndicate of lenders back AltaGas acquisition

AltaGas has closed a $350 million debt facility with a syndicate of lenders to fund the acquisition of utility SEMCO from Continental Energy Systems

3 February 2012
Companies & Finance

Advisers mandated for Sabine Pass LNG project finance

US developer Cheniere Energy has mandated two banks to act as financial advisers for the funding of the Sabine Pass LNG plant expansion and conversion project.

3 February 2012
Companies & Finance

Australia’s fading magnetism

While two of the big majors this week emphasized their intent to continue pouring money and resources into their immense – and growing – Australian LNG developments, analysts are warning that Australia’s booming sector is entering a period of discontent.

3 February 2012
Companies & Finance

Inpex reports rise in income on high oil & gas prices

Japan’s Inpex recorded an income of ¥115.8 billion ($2.1 billion) over the nine months from April to December 2011, according to financial results released on Friday.

3 February 2012
Companies & Finance

Shell pledges long-term focus on gas production

Royal Dutch Shell Chief Executive Peter Voser has said that the likelihood of the company’s gas production overtaking that of liquids output by 2013 was dependent on investment levels, but reaffirme

2 February 2012
Companies & Finance

Gulfsands Petroleum looking for opportunities

Syria-focused Gulfsands Petroleum said in a London Stock Exchange announcement on Thursday that it was looking at acquisition opportunities, as its Syrian interests remain disrupted by sanctions imposed by the EU and US.

2 February 2012
Companies & Finance

Dominion Petroleum takeover approved

The takeover of Dominion Petroleum by Ophir Energy was approved on Wednesday by the Supreme Court of Bermuda, where Dominion is registered, the company said in a statement to the London Stock Exchange on Thursday.

2 February 2012
Companies & Finance

Shtokman investment decision should be made after presidential elections – RGC chief

A final investment decision for the Shtokman project should be made after March’s presidential elections, the head of Russia’s Gas Community and Deputy State Duma Speaker Valery Yazev told reporters in Murmansk on Wednesday.

2 February 2012
Companies & Finance

Investors undeterred by Nigeria turmoil

The nationwide disruption caused by strikes over a cut in fuel subsidies, as well as a series of bombings by northern militant group Boko Haram, have done little to boost investor confidence in Nigeria.

2 February 2012
Companies & Finance

Marathon LNG sales hit by US price link

Marathon Oil is minimising its exposure to United States gas prices by focusing on liquids in its North American drilling programme, but the firm’s LNG sales from Equatorial Guinea have taken a hit

2 February 2012
Companies & Finance

ONGC capex to rise by 31% to March 2017

India’s state-run Oil and Natural Gas Corp. expects its capital expenditure to rise by 31% in the five-years up to March 2017, Dow Jones reported on Thursday, citing Chairman Sudhir Vasudeva.

2 February 2012
Companies & Finance

Shanghai gas distributor boosts supply by 20%

Shanghai Gas Group, a local gas distributor, increased its gas deliveries to the city by 20.7% year-on-year to 5.42 billion cubic metres in 2011

2 February 2012
Companies & Finance

PetroChina acquires 20% stake in Canadian property

PetroChina, the listed vehicle of state-owned China National Petroleum Corp., has acquired a 20% stake in Royal Dutch Shell's Groundbirch tight gas property in north-east British Columbia, a PetroChin

2 February 2012
Companies & Finance

Brightoil Petroleum seals China gas project deal

Chinese fuel supplier Brightoil Petroleum Holdings (Brightoil) announced on Tuesday that it has completed its purchase of Win Business Petroleum Group's (Win Business) interest in the Dina 1 gas project.

2 February 2012
Companies & Finance

Gazprom Q3 net profit down 4%

Gazprom’s third-quarter net profit attributable to shareholders fell to 152 billion rubles ($5.03 billion) as a result of foreign exchange losses when it took on debt to finance expanding capital in

1 February 2012
Companies & Finance

Success in Egypt boosts KEC’s Q4 production figures

Riding on the back of higher oil and gas prices and an increase in production in Egypt, Kuwait Energy Company (KEC) reported a 27% rise in revenue in the fourth quarter 2011 compared to the same period the year before.

1 February 2012

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