The power plant that generates electricity in the central Gaza Strip, April 2017. Project Finance

Israel-Gaza gas pipeline inches closer

The partners behind a pipeline project to deliver Israeli and Palestinian gas to Gaza have started negotiations with potential financial backers.

By Verity Ratcliffe 19 February 2018
Project Finance

Falcon looking for partner to develop 10% of Australian acreage

Falcon Oil & Gas, which plans to drill for shale gas with Hess, is looking for another partner to develop about 10% of its Australian acreage, Bloomberg reported on Thursday.

8 March 2012
Results

Energi Mega Persada revenues rise 69%

Indonesian oil and gas producer Energi Mega Persada saw its net revenue rise by 69% to $230 million in 2011 compared with 2010, thanks in large part to higher average selling prices, Dow Jones reported on Thursday. The average selling price for gas was $4/Mcf in 2011, up from $3.6/Mcf the previous year, the company said.

8 March 2012
Project Finance

India's $5 billion of Vietnam investment

India is looking to invest over $5 billion in oil and gas activities in Vietnam in the next couple of years, Indian Commerce and Industry Minister Anand Sharma said in a visit to the country, according to Vietnam News Brief Service on Thursday.

8 March 2012
People

No gas, no problem - when you’re the richest man in Asia

The soap opera between India’s billionaire brothers is even being played out in the country’s gas industry.

7 March 2012
Results

40% drop in ERG Q4 earnings

Italy’s ERG reported a 40% drop in fourth quarter core earnings of $72 million due to weakness in refining margins and a shutdown at one of its power plants, Reuters reported on Wednesday.

7 March 2012
Companies

Chrysler to release CNG truck

Automaker Chrysler will release a factory-built pickup truck that is mainly powered by gas later this year.

7 March 2012
Mergers & Acquisitions

Statoil is Anadarko purchase frontrunner

Norway's state-controlled company Statoil is the frontrunner to buy the Brazilian business of US oil and gas producer Anadarko Petroleum Corp for about $3 billion, the Financial Times reported on Tuesday.

7 March 2012
Project Finance

PPT Exploration and Production joints ITF

Thai state-run PTT Exploration & Production has become a member of oil and gas industry technology facilitator ITF, joining fellow south-east Asian firm Petronas in an attempt to develop new technology and address challenges in the region, ITF said on Tuesday.

7 March 2012
Results

S&P's affirms BB long-term rating for Vedanta

Standard & Poor’s said on Tuesday that it has affirmed its BB long-term foreign currency corporate credit rating for Indian mining company Vedanta Resources and given the company a negative outlook.

7 March 2012
Mergers & Acquisitions

Exxon, Oil Search expand their PNG gas prospects

ExxonMobil and Oil Search, partners in the PNG LNG development, have reached a deal to each buy 50% stakes in an onshore petroleum prospect near their existing Papua New Guinea assets, Oil Search announced.

7 March 2012
Results

Myanmar’s gas revenues boosted by higher prices

Myanmar’s exports of gas netted the country approximately $2.94 billion in the first 11 months of the fiscal year, according to various local media reports.

7 March 2012
Results

Novatek 2011 net income up 45% as production, prices rise

Novatek said on Wednesday that its 2011 net income, excluding-a one off gain, rose by 44.6% to 56.71 billion rubles ($1.91 billion) because of increasing production and higher domestic gas prices.

7 March 2012
Results

Petronas’ financial surge expected to slow this year

Malaysia’s Petronas received a big financial boost last year from high crude oil prices and strong LNG demand, but its success is likely to slow down in the next year or two, both analysts and company itself warned this week.

6 March 2012
Project Finance

KKR-Chesapeake partnership

Private equity company KKR will form a partnership with Chesapeake Energy partnership to invest in mineral and royalty interests in oil and gas assets in the United States, and will initially inject $250 million, the companies announced on Tuesday.

6 March 2012
Project Finance

BG Group seeking investors for QCLNG

BG Group is seeking investors for its Queensland Curtis LNG development and has approached potential buyers in China and Japan, Bloomberg reported on Tuesday, citing three anonymous sources.

6 March 2012
Project Finance

Pertamina looking for new Natuna partners

Indonesia’s state-run Pertamina is looking for new partners to help it develop the complex, deep-water East Natuna gas block, after Malaysia’s Petronas pulled out in late February, according to Asia Pulse on Tuesday. ExxonMobil and Total are still involved in the South China Sea block, which contains a high percentage of CO2.

6 March 2012
Results

Analysts expect Novatek to boost Q4 earnings by a third

Russian gas producer Novatek may have boosted net profit to International Financial Reporting Standards (IFRS) by 32% year-on-year in Q4 2011 to RUB 16.04 billion ($541 million), analysts told Interfax in a consensus forecast.

6 March 2012
Results

RWE losses blamed on nuclear and gas contracts

German utility RWE presented its full-year financial data on Tuesday, announcing a loss of €800 million ($1.06 billion) in its Supply and Trading arm driven by the strain on wholesale gas prices and the continued fallout from its nuclear shutdown programme.

6 March 2012
Mergers & Acquisitions

Lundin to acquire 30% of Norway's PL148

Sweden’s Lundin Petroleum is to acquire 30% of PL148, a block in the Norwegian sector of the North Sea that contains the Brynhild field, the company said in a statement on Monday.

5 March 2012
Mergers & Acquisitions

ONGC and Gail India may not bid on Cove Energy

Indian state-owned firms ONGC and Gail India may not put in a bid for London-based Cove Energy if the Mozambique government enforces a capital gains tax on the sale of the company, the Times of India reported on Monday, quoting a source familiar with the deal.

5 March 2012

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