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

Tellurian subsidiary buys Louisiana gas assets

A subsidiary of Houston-based Tellurian has agreed to buy gas-producing assets in northern Louisiana for $85.1 million.

8 September 2017
Companies & Finance

Kazmunaigas close to closing subsidiary stake sale

Kazmunaigas has nearly completed a deal to sell a 51% stake in its Romania-based subsidiary to China Energy Co.

8 September 2017
The Ichthys LNG project in Australia. Companies & Finance

Climate risk disclosure hotting up in Australia

Australian energy companies are facing pressure from multiple sources to disclose the financial risks that climate change presents to their businesses.

7 September 2017
Companies & Finance

Osaka Gas looking to supply Tokyo

Osaka Gas is looking to supply the greater Tokyo area with gas, which would make it the first of Japan’s regional gas companies to expand beyond its traditional service area.

6 September 2017
Companies & Finance

UK company wins Sakhalin servicing contract

UK oil services firm Petrofac has secured a contract worth more than $700 million for work on the onshore gas processing facility on Sakhalin Island in Russia.

6 September 2017
Companies & Finance

EIB lends €250 mln to Polish power grid

The European Investment Bank will provide a €250 million loan to Polish company Energa Group to upgrade and extend its electricity distribution network.

6 September 2017
Companies & Finance

Renewables help spread of energy cooperatives

One of the co-founders of Belgium’s Ecopower explains the thinking behind the cooperative model of energy company that is spreading across Northwest Europe.

5 September 2017
Companies & Finance

ExxonMobil plans to invest $200 mln in Argentina’s Vaca Muerta

United States-based supermajor ExxonMobil plans to invest $200 million in Argentina’s Vaca Muerta shale play.

4 September 2017
Companies & Finance

South Australian government to invest $1 mln in Cooper Basin

The government of South Australia will contribute nearly $1 million to help bring a Cooper Basin gas project online as the region is facing gas shortages.

4 September 2017
Companies & Finance

Petronas still on course to acquire Daewoo E&C

Malaysia’s Petronas is expected to press ahead with the acquisition of South Korea’s Daewoo Engineering and Construction.

1 September 2017
Companies & Finance

Gas sector awaits EU review of energy finance

The gas industry is holding its breath ahead of the European Commission’s review of sustainable finance in energy.

31 August 2017
Companies & Finance

Golar to close finance on Brazilian LNG terminal and power plant in Q4

Golar expects the project to build an LNG terminal and gas-to-power plant in Sergipe will financially close in Q4 2017.

31 August 2017
Companies & Finance

Six foreign companies to make Brazilian debuts in 14th bid round

Six foreign oil and gas companies may make their debut in the Brazilian market next month during the country’s 14th bid round.

31 August 2017
Companies & Finance

Mexican deepwater project will need $10.7 bln

Pemex's Nobilis-Maximino deepwater project will require around $10.7 billion in investment.

31 August 2017
Companies & Finance

Thyssenkrupp wins EPC contract for Brunei fertilizer plant

Thyssenkrupp has won an engineering, procurement and construction contract for a fertiliser plant in Brunei.

31 August 2017
Companies & Finance

Investors circling Aussie gas market as majors downsize

Traders and private equity are hoping to take advantage as Australia’s majors look to divest.

31 August 2017
Companies & Finance

Total starts production at Edradour and Glenlivet

French major Total has started production at the Edradour and Glenlivet fields in the UK North Sea.

30 August 2017
Companies & Finance

Philippines holds PNOC budget over LNG terminal finance concerns

The Philippine Senate has delayed the approval of the budget for PNOC because it has not provided a feasibility study for a planned LNG terminal.

30 August 2017
Companies & Finance

Colombian caution stymies Exxon’s fracking hopes

ExxonMobil has been waiting for the green light to begin fracking in Colombia since Q1 2015. But an all-important environmental licence remains elusive.

30 August 2017
Companies & Finance

New JV to develop decommissioning hub in Scotland

UK port operator Forth Ports has signed an agreement with decommissioning contractor AF Offshore Decom UK to establish a new joint venture.

29 August 2017

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