State power utility Saudi Electricity Co. is currently the only offtaker of power in Saudi Arabia. (Saudi Electricity Co.) Companies & Finance

Saudi Arabia presses on with power privatisation

Saudi Arabia’s power sector reforms will shift the state power utility into the role of system operator, but the constant changes are taking their toll.

By Verity Ratcliffe 26 April 2017
A truck leaves the Corrib gas terminal. It may be a good time for Shell to sell up. (PA) Companies & Finance

Shell likely to cash in on Ireland’s Corrib

After a challenging beginning, the Corrib gas field is operational and secure. This may be the best moment for Shell to recover its investment and sell up, analysts say.

11 April 2017
A rig at the Mahakam Block. Pertamina will become the operator next January. (SKKMigas) Companies & Finance

Pertamina starts afresh under new CEO

The new CEO of Indonesia’s NOC has a huge task on his hands as the company needs to be restructured while making big investments.

11 April 2017
Companies & Finance

Wentworth updates Tanzania and Mozambique operations

Wentworth’s Q1 2017 gas production figures for Tanzania were within company estimates of 1.1-1.4 million cubic metres per day.

10 April 2017
Companies & Finance

Gazprom expects larger domestic supply losses in 2017

Gazprom expects its financial losses from supplying gas to Russia’s domestic market will be greater in 2017 than in 2016, Vitaly Khatkov, the head of Gazprom’s Department 817, has said.

10 April 2017
PetroChina oil rigs. Saudi Aramco has suggested PetroChina should take part in its initial public offering. (PetroChina) Companies & Finance

Chinese firms follow Beijing’s road to Middle East

China’s expanding interest in the Middle East through the One Belt, One Road initiative is encouraging domestic companies to increase their activity in the region.

10 April 2017
Companies & Finance

Japan’s Sojitz to buy stake in US power plant project

Japan’s Sojitz has closed a deal with Ares EIF Management to acquire a 33.33% stake in the Birdsboro combined-cycle gas turbine plant.

7 April 2017
Companies & Finance

Pakistan’s SSGC approves $619 mln in projects

Pakistan’s Sui Southern Gas Co. has approved projects worth $619 million, including a 370 km pipeline.

7 April 2017
Tullow operations in Ghana. The company left Banda to focus on fields in Ghana. (Tullow Oil) Companies & Finance

Mauritania to launch Banda field auction in H2

Mauritania hopes to auction off its Banda gas field in H2 but may need to sweeten the deal if it is to attract investors.

7 April 2017
Companies & Finance

Shell sells its stake in New Zealand’s Kapuni gas field

Shell has sold its 50% stake in the Kapuni gas field, the second-largest in New Zealand, for an undisclosed price to its long-term partner Todd Energy.

6 April 2017
Companies & Finance

Origin Energy to invite bids for conventional assets

Australia’s Origin Energy plans to invite bids for its conventional oil and gas assets.

6 April 2017
Companies & Finance

Former Nigerian oil minister charged with corruption

Diezani Alison-Madueke, Nigeria’s former oil minister, has been charged with money laundering.

6 April 2017
Companies & Finance

Itaúsa Investimentos buys stake in Brazilian pipeline company

Brazilian conglomerate Itaúsa Investimentos said in a securities filing on Tuesday that it has bought a 7.65% stake in gas pipeline unit Nova Transportadora do Sudeste.

5 April 2017
Companies & Finance

BHI, CR Gas and ENN Energy set for strong performance in 2017

Binhai Investment Co., China Resources Gas and ENN Energy Holdings are expected to maintain strong growth in gas sales this year, according to a report from Fitch Ratings.

5 April 2017
Companies & Finance

UK trying to lure Aramco to London Stock Exchange

UK Prime Minister Theresa May is trying to persuade Saudi Aramco to list its shares on the London Stock Exchange

5 April 2017
Companies & Finance

Decline in L-gas output means new investment needed – ENTSOG

The anticipated decline in the production of low calorific gas in northwestern Europe means investment is urgently needed to convert facilities to handle high calorific gas, ENTSOG has said.

5 April 2017
Companies & Finance

SNC-Lavalin in takeover talks with WS Atkins

Montreal-based engineering and construction company SNC-Lavalin Group is in talks with UK-based engineering and consultancy firm WS Atkins for a $2.6 billion takeover.

4 April 2017
Companies & Finance

EPA to lay off quarter of workforce and slash programmes – report

The United States Environmental Protection Agency intends to lay off 25% of its employees and cancel more than 50 programmes.

4 April 2017
Companies & Finance

Belarus to pay Russian debt for gas discount – Dvorkovich

Belarus has agreed to repay Russia money it owes for gas supplies in return for discounted volumes.

4 April 2017
Companies & Finance

Aramco signs energy agreements with UAE companies

Saudi Aramco has signed two memorandums of understanding with two companies in Abu Dhabi to cooperate in the fields of energy technology, renewables and carbon management.

3 April 2017
Companies & Finance

Companies plan $500 mln investment in Vaca Muerta

Argentina’s state-run YPF will invest $500 million together with Pan American Energy, Total’s Argentine subsidiary Austral, and Wintershall Energía in the Vaca Muerta formation.

3 April 2017

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