A Petrobras rig exploring offshore Brazil Companies

Exxon returns to Brazil with $2.7 bln spending spree

The supermajor is angling for a second chance at exploration success in Brazil after a fruitless campaign in 2012.

By Chris Noon 12 April 2018
Results

Novatek boosts gas production in Q1

Novatek increased its gas production in Q1 2018 by 2.2% year on year.

11 April 2018
Companies

Naftogaz welcomes Merkel’s position on Nord Stream 2

Naftogaz Ukrainy has welcomed German Chancellor Angela Merkel’s recent statement on the Nord Stream 2 pipeline.

11 April 2018
Results

Shell pays out $59.1 bln in taxes and royalties in 2017

Shell paid $59.1 billion in taxes and royalties to governments around the world in 2017, the company said on Monday

10 April 2018
Mergers & Acquisitions

ENN Group ‘cautiously considering’ Harbour offer for Santos

China’s ENN Group, the biggest shareholder in Australia’s Santos, will “cautiously consider” a $10.3 billion takeover offer for the company

9 April 2018
People

Eni facing Congo-Brazzaville corruption probe

Italian prosecutors have raided Eni’s offices in Milan to obtain documents related to possible illegal activities in Congo-Brazzaville in 2009 and 2014.

9 April 2018
Companies

Russia’s Novak will not take part in Ukraine transit talks

Russian Energy Minister Alexander Novak has said he will not take part in negotiations on renewing Gazprom’s Ukrainian transit contracts with Naftogaz Ukrainy

9 April 2018
Mergers & Acquisitions

Sound Energy completes divestment of Italian subsidiary

Upstream-focused Sound Energy has completed the divestment of its wholly owned subsidiary to Coro Energy

9 April 2018
Shell’s deepwater project in the Philippines’ Malampaya field Companies

China and Philippines near upstream exploration deal

China and the Philippines are progressing talks to jointly develop resources in disputed territories in the South China Sea.

9 April 2018
Project Finance

BP planning $2 bln of upstream investment in India

BP plans to invest more than $2 billion in India’s upstream sector over the next few years, according to Sashi Mukundan, the company’s regional president

6 April 2018
Companies

SOCAR to assist with development of Bulgarian gas system

Azerbaijan's SOCAR may help to develop Bulgaria's gas pipeline network, it was revealed this week.

6 April 2018
A US Navy destroyer in the South China Sea Companies

Gunboat diplomacy on the rise in South China Sea

Rising tensions between China and Vietnam could be China’s way of pushing for joint development of disputed resources in the South China Sea.

6 April 2018
A Santos rig in Australia Mergers & Acquisitions

Private equity moves on undervalued Aussie assets

Harbour Energy’s new bid for Santos is likely to be the first of many private equity moves into the Australian market.

6 April 2018
Companies

Lithuania signs MOU with US LNG supplier

Lietuvos Duju Tiekimas has signed an MOU with United States-based Freeport LNG for supplies from the facility.

5 April 2018
Project Finance

Gail to complete Dabhol breakwater and expand terminal

India’s Gail is planning to expand the Dabhol LNG terminal with a INR 30 billion investment plan.

5 April 2018
Project Finance

Ghana watchdog flags lost hydrocarbon revenues

A Ghana-based oil and gas policy thinktank has alleged that the country has lost $902 million in unpaid taxes and royalties from the petroleum industry.

5 April 2018
Companies

Lithuania and Ukraine discussing energy projects

Lithuanian Minister of Energy Zygimantas Vaiciunas will meet members of Ukraine’s government in Kiev this week.

5 April 2018
Project Finance

Smaller-scale projects to maintain FID momentum in 2018

Operators will take FIDs on around 30 major upstream projects worldwide this year.

5 April 2018
Project Finance

Pakistan’s gas sector attracts attention of IOCs

Pakistan has more LNG terminals planned than it needs, while its major gas pipelines are making slow progress.

5 April 2018
Mergers & Acquisitions

Santos to review new takeover bid from Harbour Energy

Santos has agreed to review an improved takeover bid from United States-based private investment company Harbour Energy worth $10.3 billion

4 April 2018
Companies

Tanzania to pay Wentworth for Mnazi Bay gas sales

Tanzania Petroleum Development Corp. has sanctioned payments for gas sales generated from its Mnazi Bay concession

4 April 2018

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