Flaring from a shale gas well in eastern Australia’s Cooper Basin. Companies & Finance

Gas exploration stymied as Western Australia restricts onshore fracking

Western Australia’s new Labor government has stopped fracking in the state in a move critics say will deter investment in oil and gas exploration.

By Sally Bogle 21 September 2017
Companies & Finance

New Zealand Oil & Gas buys stake in the Cosmos Concession offshore Tunisia

New Zealand Oil & Gas has bought a 40% stake in the Cosmos Concession offshore Tunisia, the company said in a statement on Wednesday.

14 December 2011
Companies & Finance

SPT Energy Group aims to raise $70 mln in Hong Kong IPO

SPT Energy Group, a privately owned Chinese oil field services provider, plans to raise up to HK$546 million ($70.17 million) in an initial public offering (IPO) on the Hong Kong Stock Exchange (HKSE), according to an IPO prospectus filed on Wednesday.

14 December 2011
Companies & Finance

Kazakhstan signs deal with KPO to join Karachaganak project

]Kazakhstan's Oil and Gas Minister Sauat Mynbayev and members of the Karachaganak Petroleum Operating (KPO) consortium signed an agreement in Astana on Wednesday under which KPO will give the Kazakhstan government a 10% share in the Karachaganak project.

14 December 2011
Companies & Finance

European market in transition to hub-based environment – E.On Ruhrgas chairman

Interfax met Klaus Schäfer at the World Petroleum Congress, chairman of the board of directors of E.On Ruhrgas, to discuss the challenges facing the Dusseldorf-based company and his views on the European gas market

13 December 2011
Companies & Finance

Sinopec, ENN Energy offer $2.14 bln for China Gas Holdings

Sinopec and ENN Energy Holdings have offered HK$16.69 billion ($2.14 billion) for a controlling stake in China Gas Holdings in a deal that would give the investors access to an extensive portfolio of downstream infrastructure projects across China.

13 December 2011
Companies & Finance

EDF, Edison takeover heats up

A delayed agreement between EDF and Edison, which would give the French major a majority stake in the Italian gas company, is due to be signed before the end of the year.

13 December 2011
Companies & Finance

Novatek - a global gas player by 2020

Although Novatek plans to double its share in the Russian gas market, the company also hopes to extend its reach and become a global gas player

12 December 2011
Companies & Finance

TNK-BP to seek new independent directors

TNK-BP will start searching for new independent directors to replace Gerhard Schroeder and James Leng, who announced they would be stepping down at a board meeting on 9 December, TNK-BP said on Monday

12 December 2011
Companies & Finance

E.On engages Goldman Sachs for reported network divestment

United States-based investment bank Goldman Sachs has been engaged by Germany's E.On to advise on a reported divestment of its Open Gas Europe distribution network, worth up to €2.5 billion ($3.35 b

12 December 2011
Companies & Finance

Lietuvos dujos, Gasum to establish gas exchange

Lithuanian and Finnish gas traders Lietuvos Dujos and Gasum Oy intend to set up a joint venture that will operate a gas exchange in Lithuania and organise exchange trading in gas

12 December 2011
Companies & Finance

Eni gets EC approval to acquire Belgian assets

Italian major Eni has received approval from the European Commission to acquire Belgian gas supplier Nuon Belgium and other Belgian assets from Dutch energy group Nuon.

9 December 2011
Companies & Finance

Mercuria signs off on $755 mln syndicated revolving debt facility

Global energy trader Mercuria has signed off on a $755 million syndicated revolving debt facility with 29 lenders through its Singapore subsidiary.

9 December 2011
Companies & Finance

Lenders emerge for $30 bln Ichthys LNG project

Lenders to the $30 billion Ichthys LNG project offshore Australia are beginning to emerge. Interfax has already reported that the three big Japanese banks, Mizuho, SMBC and BTMU, are likely to provide up to $6 billion of the $13.5 billion in debt required by lead sponsor Inpex.

9 December 2011
Companies & Finance

IFC agrees $9.79 mln equity investment deal with Candax

The International Finance Corporation (IFC) has agreed an equity investment deal with Toronto-based developer Candax worth $9.79 million.

9 December 2011
Companies & Finance

Far East Energy closes $25 million loan deal with Standard Chartered

Houston-based Far East Energy has closed a $25 million loan deal with London-based lender Standard Chartered for the development of its Shouyang coal-bed methane (CBM) project in Shanxi Province, China.

9 December 2011
Companies & Finance

Bumi Armada subsidiary closes $341.1 mln debt facility with seven lenders

A subsidiary of Malaysia's Bumi Armada has closed a $341.1 million debt facility with a seven-strong club of lenders to finance the development of the Armada floating, production, storage and offloading (FPSO) vessel for use at a field in Vietnamese waters.

9 December 2011
Companies & Finance

Total pays $800 mln to up stake in NOVATEK to 14.09%

France's Total has increased its stake in Russian gas producer NOVATEK (RTS: NVTK) to 14.09%.

9 December 2011
Companies & Finance

Stroytransgaz to seal Algeria sale to Rosneft by year-end

Russian engineering and construction firm Stroytransgaz expects to close a deal selling 50% of the joint venture Rosneft-Stroytransgaz, which works in Algeria, to Russian oil company Rosneft by the end of the year, the company’s boss Sergei Makarov told journalists on Friday.

9 December 2011
Companies & Finance

China tempted by East African gas

China is turning its attention to East Africa following major finds offshore Tanzania and Mozambique, but a lack of expertise is holding Chinese exploitation companies back, say experts, and could lea

9 December 2011
Companies & Finance

Encana’s flight to liquids takes wing

Canada’s Encana said on Wednesday that it would sell two gas processing plants in Alberta and British Columbia, and reinvest the proceeds in more lucrative liquids-rich production.

8 December 2011

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