An ONGC oil platform. The merger will give the company more flexibility to invest in the upstream. (ONGC) Companies & Finance

ONGC acquires HPCL to bolster Indian upstream

India has sanctioned the acquisition of one its largest downstream oil companies by ONGC as it seeks to create a state-owned energy company able to compete on a global scale.

By Andrew Walker 25 July 2017
Companies & Finance

Shell in talks with Brazil’s Cosan over Comgás share swap

Shell is in talks to trade its shares in São Paulo gas distributor Comgás for a slice of Brazilian conglomerate Cosan.

17 July 2017
Companies & Finance

Trump nominates FERC chair

United States President Donald Trump has nominated energy lawyer Kevin McIntyre to lead the Federal Energy Regulatory Commission.

17 July 2017
Companies & Finance

Taipower loses TWD 7.1 bln in H1

Taiwanese national power company Taipower lost $234.54 million in the first half of 2017.

17 July 2017
Companies & Finance

Centrica to create an E&P company with Bayerngas Norge

Centrica’s European oil and gas exploration and production branch will merge with Norwegian company Bayerngas Norge to create a new independent European E&P company.

17 July 2017
Companies & Finance

Brussels OKs USSL’s stake in Redexis Gas

The European Commission has approved the acquisition of joint control over Spain’s Redexis Gas.

14 July 2017
A power plant near Abidjan, Ivory Coast. (USAID) Companies & Finance

Endeavor in arbitration with local partner over Songon

Endeavor and Starenergie dispute the validity of the joint development agreement for the power plant project.

13 July 2017
Companies & Finance

BP and Siemens consider Brazilian gas-to-power project

BP and Siemens could invest in a $3 billion gas-to-power project in the Brazilian port of Açu, Business News Americas reported on Tuesday.

12 July 2017
Companies & Finance

India plans heavy investment in gas distribution network

India is investing heavily in its gas distribution network and will add 15,000 km to it over the next five years, the country's minister of petroleum and natural gas has said.

12 July 2017
Companies & Finance

Shell set to sell Corrib stake to Canadian investors

Shell has agreed to sell its 45% interest in Ireland’s Corrib gas venture for $1.23 billion to CPP Investment Board Europe, a subsidiary of the Canada Pension Plan Investment Board.

12 July 2017
Companies & Finance

Mixed picture on PCI implementation – ACER

Only around one-third of projects earmarked by the EU as Projects of Common Interest have managed to stick to their original time schedules over the last couple of years.

12 July 2017
Companies & Finance

Siemens files lawsuits against Russian players over gas turbines

Germany’s Siemens filed lawsuits on Tuesday against its own Russian subsidiary and Technopromexport, a Russian engineering company, over the use of gas turbines it supplied to Russia.

11 July 2017
Companies & Finance

Pemex to farm out projects in 2018

Mexican state-run Pemex is likely to farm out several projects in 2018.

11 July 2017
Companies & Finance

Brazil’s deepwater fields as profitable as shale – Total CEO

Output from Brazil’s deepwater fields can be as profitable as shale gas, Total Chief Executive Patrick Pouyanné has said.

11 July 2017
Companies & Finance

Total well positioned for North Dome development deal

Total is in pole position to be awarded deals by Qatar for the further development of the North Dome gas field.

11 July 2017
Companies & Finance

Iranian MPs will not challenge South Pars deal directly

An Iranian MP has denied claims that several members of Iran’s Parliament are preparing to challenge a deal for the development of South Pars Phase 11.

11 July 2017
Irsching gas-fired power plant in Germany. (Siemens) Companies & Finance

Gas-to-power investment lowest in a decade – IEA

A total of $34 billion was invested globally in gas-fired power in 2016, with more capacity retired than approved in Europe.

11 July 2017
Companies & Finance

Communities in Niger Delta challenge for oil block shares

Communities in the Gbaramatu district in the Niger Delta are demanding shares in an oil block owned by Nigerian company Neconde Energy and state-owned Nigerian National Oil Corp.

10 July 2017
Companies & Finance

Petrobras to sell off Paraguayan operations

Brazilian state-controlled oil company Petrobras is seeking to sell all its operations in Paraguay.

10 July 2017
Companies & Finance

Apache to complete withdrawal from Canada in three deals

Houston-based Apache has announced it will complete the company’s exit from Canada with the closing of three deals.

10 July 2017
Companies & Finance

ADNOC seeks new investors under flexible partnerships

Abu Dhabi National Oil Co. is looking for new investors to participate in oil, gas, refining and petrochemical projects.

10 July 2017

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