Petroceltic’s Algeria AT-9 well. Algeria is pushing to increase its gas output. (Petroceltic) Companies & Finance

Algerian energy minister continues shake-up

The head of the Algerian oil and gas licensing agency, Alnaft, has been replaced in what could be a sign of sweeping changes to come.

By Verity Ratcliffe 24 March 2017
Companies & Finance

JV set up to build heavy-duty gas turbines in China

Chinese manufacturing company Harbin Electric and General Electric’s China subsidiary will set up a 50/50 joint venture to build heavy-duty gas turbines.

15 March 2017
Companies & Finance

RWE reports €5.7 bln net loss

German power company RWE reported a net loss of €5.7 billion in 2016.

15 March 2017
Companies & Finance

E.On records €16 bln loss

German utility E.On registered a net loss of €16 billion in 2016 – the highest in the company’s history.

15 March 2017
An INA refinery at Rijeka, Croatia. The state holds a 45% stake in the company. (INA) Companies & Finance

Politics and finance complicate INA buy-out

Croatia is attempting to buy out Hungarian player MOL’s share in INA, but tangled political relations and a lack of cash are complicating matters.

15 March 2017
Companies & Finance

Gazprom discussing upstream projects with Iran

Gazprom is discussing the development of upstream projects with Iran, according to the co-chairman of the Russia-Iran intergovernmental commission.

14 March 2017
Companies & Finance

Hyundai to develop gas processing unit in Iran

Hyundai has reportedly been selected for a €3.0 billion contract to develop a gas processing unit in Iran.

14 March 2017
Companies & Finance

South Hook LNG back to capacity after unplanned outage

The UK’s South Hook LNG terminal returned to its 650 GWh per day capacity after an unplanned outage on Tuesday.

14 March 2017
Companies & Finance

Brussels OKs Petrol's acquisition of Geoplin

The European Commission has approved the proposed acquisition of Geoplin by Petrol, it said on Monday.

14 March 2017
Companies & Finance

CNPC plans to hit 100 bcm of gas production this year

China National Petroleum Corp. plans to increase gas production by 2% year on year in 2017, to 100 billion cubic metres.

13 March 2017
Companies & Finance

Thailand working to liberalise its energy sector

Thailand is in the process of liberalising its energy sector, with private companies now allowed to be involved in CNG stations, pipeline operations, gas transport and LNG sales.

13 March 2017
Companies & Finance

Gazprom closes international offices

Gazprom has closed its offices in Turkey, Japan and India.

13 March 2017
Companies & Finance

South Korean president to be removed from office

South Korea’s Constitutional Court has voted unanimously to remove President Park Geun-hye from office following a sweeping corruption scandal.

10 March 2017
Companies & Finance

PTTEP to sell interest in Myanmar project to Total

Thailand’s PTTEP has entered into an agreement with Total to divest a 50% participating interest in the Myanmar MD-7 project.

10 March 2017
Companies & Finance

Ugandan government steps up role in electricity distribution

The government of Uganda has decided to take on a larger role in the country’s electricity distribution sector.

10 March 2017
Companies & Finance

Ineos buys Engie’s UK shale assets

UK chemical company Ineos has acquired French company Engie’s onshore shale exploration and production licences in the UK.

10 March 2017
Companies & Finance

Shell CEO tells companies to support transition to clean energy

Shell Chief Executive Ben van Beurden made the case for renewable energy at the CERAWeek conference in Houston on Thursday.

10 March 2017
Eni Chief Executive Claudio Descalzi. (Eni) Companies & Finance

Eni-Total tie up is a move that could pay off

The partnership between the Italian and French majors in the East Mediterranean could help both companies dominate the Cypriot offshore sector.

10 March 2017
Shell CEO Ben van Beurden at CERAWeek 2017 by IHS Markit (IHS Markit) Companies & Finance

Shell CEO sunny on shale, warns of gathering storm

Shell has had a good month, in which it drilled Argentina’s cheapest-ever unconventional well. But the supermajor’s CEO had his mind on other matters on Thursday.

10 March 2017
Companies & Finance

Shell to sell $7.25 bln of Canadian production assets

Shell has announced the sale of $7.25 billion of production assets in Canada’s oilsands as part of the major’s divestment plan following the acquisition of BG Group.

9 March 2017
Companies & Finance

Oman’s PDO signs services contract with Kentz

Petroleum Development Oman has awarded a support services contract to Kentz Overseas for the commissioning of several projects in Oman.

9 March 2017

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