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Results

Sinopec gas sales up 13%

Sinopec’s gas sales increased by 13.4% in the first seven months of 2018, to 16.3 billion cubic metres.

4 September 2018
Project Finance

POSCO plans major investment programme

POSCO plans to invest $40.43 billion over the next five years to secure environmentally friendly energy and expand its steel business and infrastructure.

4 September 2018
People

Changqing Oilfield and Yanchang Petroleum clash over drilling rights

Employees from Changqing Oilfield and Shaanxi Yanchang Petroleum Group clashed violently on Saturday over disputed drilling rights for an area of the Zizhou gas field.

4 September 2018
Companies

SOCAR Georgia Gas to increase supply by 29%

SOCAR Georgia Gas is planning to supply Georgia with 1.8 billion cubic metres of gas in 2018.

4 September 2018
Companies

Vedanta dominates India’s first OALP bid round

Vedanta won 41 out of 55 blocks on offer in India’s first bid round under its Open Acreage Licensing Policy.

4 September 2018
Companies

FS Gas Transport AB buys Swedegas from Enagás and Fluxys

Enagás and Belgian TSO Fluxys have agreed to sell their combined stake in Swedegas to Swedish TSO FS Gas Transport AB

3 September 2018
Companies

Gazprom to extend record 2018 borrowing programme

Gazprom is planning to increase its already record external borrowing programme for 2018 by around another RUB 100 billion

3 September 2018
Companies

International dispute centre awards Union Fenosa $2.01 bln over Damietta

Union Fenosa Gas has received an award from the International Center for Settlement of International Disputes in relation to its case regarding Egypt’s Damietta LNG plant

3 September 2018
Mergers & Acquisitions

Coro Energy to acquire 42.5% stake in East Java’s Lengo gas field

London-listed Coro Energy is expected to acquire a 42.5% stake in the Lengo gas field off the coast of the Indonesian province of East Java

3 September 2018
Companies

New Zealand utility set to weather offshore exploration ban

New Zealand utility Genesis Energy has sufficient gas in place to supply its customers into the 2030s despite an offshore exploration ban

31 August 2018
An ENN city gas facility Project Finance

China dangles subsidies to spur city gas storage

China’s city gas distributors are unlikely to be enticed by a government offer to subsidise investment in storage facilities.

31 August 2018
Construction of the original South Stream pipeline in Bulgaria Companies

South Stream Lite likely to terminate in Hungary

The lack of infrastructure linking Hungary to Austria suggests Gazprom may use South Stream Lite to serve only the Balkans

31 August 2018
Results

Gazprom Q2 results beat forecasts

Gazprom reported a net profit of RUB 259 billion in Q2 2018, a 540% increase from Q2 2017.

30 August 2018
Mergers & Acquisitions

South Korean IPP takes stake in US gas-fired power plant

South Korean independent power producer GS EPS has acquired a 10% stake in a gas-fired power plant in the United States.

30 August 2018
Results

CNOOC’s Tianjin terminal unloads 2 mt so far this year

CNOOC has unloaded 2 mt of LNG at its Tianjin regasification terminal to date this year

30 August 2018
Companies

Companies invited to bid for Aussie LNG service contracts

Western Australia’s agent general is encouraging companies to bid for service contracts to maintain LNG export projects in the state.

30 August 2018
Results

Petronas to pay higher dividend than expected following profit boost

Petronas plans to pay the state a higher dividend than previously promised.

30 August 2018
Companies

Sonatrach chooses EPC contractor for Tinhert project pipeline network

Sonatrach has selected Petrofac for an EPC contract for the Tinhert field development.

30 August 2018
Results

Delek Energy profits hit by pause in North Sea operations

Delek Group has posted a profit of ILS 170 million for Q2 2018, down from Q2 2017.

30 August 2018
Results

PGNiG benefits from higher oil prices and stronger economy in H1 2018

PGNiG increased its net profit by 8% year on year in H1 2018.

30 August 2018

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