The North Rankin platform in the North West Shelf. Companies & Finance

Glimmers of hope for Aussie upstream sector in 2018

Australia’s upstream sector is starting to see a recovery in investment prompted by higher oil prices and growing regional LNG demand.

By Sally Bogle 18 January 2018
Companies & Finance

Shandong’s Weihai City links commercial retail gas prices to upstream prices

Weihai, a coastal city in Shandong Province, has linked retail natural gas prices for non-residential use to the cost of purchasing the gas upstream, the Weihai Municipal Pricing Bureau (WMPB) announced on Wednesday.

5 January 2012
Companies & Finance

CNPC’s gas output growth rate dials down in 2011

China National Petroleum Corp.’s (CNPC) gas output from domestic sources grew by 4.14% in 2011 from a year earlier – the lowest increase since such figures were first published in 2008 – according to a newsletter circulated by CNPC on Wednesday.

5 January 2012
Companies & Finance

ONGC expands in India with new finds, takeovers

Oil and Natural Gas Corp. (ONGC), India’s largest state-run oil and gas company, has swiftly expanded its domestic gas assets this week, after taking hold of three BG stakes and making several new discoveries.

5 January 2012
Companies & Finance

Reliance in talks over El Paso E&P assets

Reliance Industries is among a number of companies in talks to buy the exploration and production unit of United States pipeline company El Paso, a Reliance spokesperson told Interfax on Wednesday.

4 January 2012
Companies & Finance

Kazakhstan extends state-of-emergency

Kazakh President Nursultan Nazarbayev on Wednesday signed a decree extending the state of emergency in the city of Zhanaozen, Mangistau region.

4 January 2012
Companies & Finance

Kazakhstan extends state of emergency

Kazakh President Nursultan Nazarbayev on Wednesday signed a decree extending the state of emergency in the city of Zhanaozen, Mangistau region.

4 January 2012
Companies & Finance

Reliance in talks over El Paso E&P assets

Reliance Industries is among a number of companies in talks to buy the exploration and production unit of United States pipeline company El Paso, a Reliance spokesperson told Interfax on Wednesday.

4 January 2012
Companies & Finance

E.On could consider buying new assets in Russia

Germany's E.On is prepared to make new investments in Russia if project economics meet its requirements, Sergei Tazin, the head of E.On Russia, told Interfax on Wednesday.

22 December 2011
Companies & Finance

Moody's downgrades Repsol's rating outlook to negative

Rating agency Moody’s has downgraded the outlook for its Baa1 rating on Spanish oil and gas company Repsol from stable to negative, it said on Thursday.

22 December 2011
Companies & Finance

E.On looks for buyers for gas transmission grid

Germany’s E.On has hired Goldman Sachs to run the sale of its gas transmission network, known as Open Grid Europe, the Wall Street Journal reported this month.

22 December 2011
Companies & Finance

KMG EP appoints new CEO

Kazmunaigas Exploration and Production on Thursday announced the appointment of Alik Aidarbayev, the current chairman of the board of directors, as chief executive of KMG EP following the departure of

22 December 2011
Companies & Finance

South Korea to up oil and gas investment in 2012

South Korea is planning to spend $11.8 billion on oil and gas projects next year, a 34% increase on this year’s projected total of $8.8 billion, the Ministry of Knowledge Economy announced on Wednesday during its 10th CEO forum on overseas resource projects.

21 December 2011
Companies & Finance

QP reveal Barzan loan interest rate - report

Qatar Petroleum (QP) will pay an interest rate of 2.19% over the London Interbank Offer Rate on its $3.34 billion commercial debt facility to pay for the Barzan gas project, The Gulf Times quoted Fina

21 December 2011
Companies & Finance

Kunlun gets nod to acquire 60% stake in gas distributor

Kunlun Energy has won approval from China's Ministry of Commerce to acquire a 60% stake in PetroChina Beijing Gas Pipeline from PetroChina, Kunlun Energy announced on Tuesday.

21 December 2011
Companies & Finance

Gazprom board approves 2012 investment programme

The board of directors of Gazprom has set the budget for the company’s investment programme for 2012 at 776.6 billion rubles ($24.3 billion), the Russian gas giant said in a statement on Tuesday.

20 December 2011
Companies & Finance

Soros bets on Argentine shale as he doubles YPF stake

Billionaire investor and philanthropist George Soros has more than doubled his position in Argentine oil major YPF, increasing his holding from 233,400 shares to 544,400, Nasdaq.com reported on Monday

20 December 2011
Companies & Finance

Repsol buys back shares from Sacyr

Spanish oil major Repsol has bought back 10% of its own shares from Sacyr after the debt-laden builder failed to sell its 20% stake before refinancing a $6.8 billion loan this month.

20 December 2011
Companies & Finance

Enel farm-in deal receives go-ahead from Algeria

Algeria’s Council of Ministers has approved the sale of a 18.375% interest in the Isarene production sharing contract to Italian utility Enel, the licence operator Petroceltic said on Monday.

19 December 2011
Companies & Finance

PGNiG chief executive resigns

Michal Szubski, Chief Executive of Polish gas monopoly PGNiG, has resigned, the company said in a statement.

19 December 2011
Companies & Finance

Gazprom to increase capex plans for 2013-2014

Gazprom plants to develop its giant gas fields in Yamal and push ahead with expansion of its eastern projects as the company intends to increase capex in 2013-2014, the daily Vedomosti reported on Mon

19 December 2011

About 6,691 article(s)

1 306 307 308 309 310 335