An LNG tanker at the Gladstone LNG project in Australia Companies & Finance

Private equity stalks Santos assets in Australia and PNG

Harbour Energy’s proposed takeover of Santos is symptomatic of the problems facing overcapitalised Aussie operators.

By Sally Bogle 16 November 2017
Companies & Finance

Sinopec to acquire 30% of Galp Energia's Brazilian assets in $3.5 bln deal

Sinopec, one of China's three state-owned energy giants, has signed an agreement with Portuguese energy producer Galp Energia (Galp) to purchase a 30% stake in its Brazilian unit Petrogal Brasil, Sinopec announced on Friday.

11 November 2011
Companies & Finance

Huaneng to invest $15 bln in energy projects in Yunnan over 5-year period

China Huaneng Group (Huaneng), a leading state-owned power producer, has agreed to invest RMB 100 billion ($15.75 billion) in Yunnan Province over the next five years for energy projects that include unconventional gas resources, Huaneng announced on Thursday.

11 November 2011
Companies & Finance

Brightoil Petroleum moves to expand upstream gas assets

Chinese fuel supplier Brightoil Petroleum (Brightoil) will acquire Win Business Petroleum (Win Business) for HK$581.25 million ($74.71 million), a move that will significantly expand the company's upstream gas assets, according to a company filing with the Hong Kong Stock Exchange (HKSE) on Friday.

11 November 2011
Companies & Finance

Sinopec to buy Galp Energia's Brazilian assets in $3.5 bln deal

Sinopec, one of China's three state-owned energy giants, has signed an agreement with Portuguese energy producer Galp Energia (Galp) to purchase a 30% stake in its Brazilian unit Petrogal Brasil, Sinopec announced on Friday.

11 November 2011
Companies & Finance

Kunlun Energy unit to distribute Sino-Myanmar pipeline gas in Sichuan

Gas piped through the Sino-Myanmar pipeline is set to be distributed in Panzhihua City in southern Sichuan Province by a subsidiary of Hong Kong-listed Kunlun Energy.

11 November 2011
Companies & Finance

EIB considers $177 mln loan to Electricity Authority of Cyprus

The European Investment Bank (EIB) is mulling over a $177 million loan to Electricity Authority of Cyprus (EAC) for the development of the Vasilikos gas-fired power plant.

11 November 2011
Companies & Finance

GDF Suez prices $1.3 billion bond offering at 85 bps

French energy company GDF Suez has priced a $1.3 billion bond offering at 85 basis points, with the notes due in January 2020.

11 November 2011
Companies & Finance

EBRD makes $50 mln equity investment in Poland’s Petrolinvest

The European Bank for Reconstruction and Development (EBRD) is to make an equity investment of $50 million in Polish developer Petrolinvest to increase development of upstream assets in Kazakhstan.

11 November 2011
Companies & Finance

Topaz appoints Standard Chartered and DVB for $380 mln debt package

Dubai-based services company Topaz Energy has appointed two banks to arrange a $380 million debt package.

11 November 2011
Companies & Finance

Ruby Pipeline sponsors refinance with a $1.075 bln bond issue

The sponsors behind the Ruby Pipeline, El Paso and Global Infrastructure Partners, are to refinance the project finance loans underpinning the scheme with a $1.075 billion bond issue.

11 November 2011
Companies & Finance

Peregrine Midstream closes on $145 mln debt package for Ryckman Creek

United States gas transmission and storage company Peregrine Midstream Partners has reached financial close on a debt package of $145 million to fund development of the Ryckman Creek storage project in the state of Wyoming.

11 November 2011
Companies & Finance

APLNG partnership helps Origin expand

Origin Energy’s decision to bring US heavyweight ConocoPhillips into its APLNG development in 2008 helped the Australian firm stave off a full takeover by BG, continue to operate the LNG development

10 November 2011
Companies & Finance

Novatek could buy Chelyabinsk from Gazprom by December

Novatek could close a deal to buy gas provider Mezhregiongas Chelyabinsk from Gazprom by December.

10 November 2011
Companies & Finance

Foreign giant may pick up El Paso’s exploration assets

Speculation is swirling over the likely buyer of Texas-based El Paso’s exploration and production business, after the company sent out prospectuses to potential purchasers on Wednesday.

10 November 2011
Companies & Finance

Gazprom posts $10 billion profit in Q2 results

Russia’s Gazprom, the world’s largest producer of gas, said on Wednesday that its second quarter net profit hit 303.7 billion rubles ($10.03 billion) because of rising sales.

9 November 2011
Companies & Finance

Tullow lowers Jubilee output guidance on ‘mechanical issues’

London-listed Tullow Oil downgraded its production guidance for the Jubilee field in Ghana by 3.7% to between 79,000 and 81,000 barrels of oil equivalent per day (boe/d) because of “mechanical issues” related to the design of the well completions.

9 November 2011
Companies & Finance

BG considers selling Gujarat Gas stake

BG is considering selling at least part of its controlling stake in Indian gas retailer Gujarat Gas Co. Ltd. (GGCL), but has not yet made a final decision, a company spokesman told Interfax on Wednesday.

9 November 2011
Companies & Finance

Kuwait Energy eyes blocks in Iraq’s fourth licensing round

Kuwait Energy Company (KEC) is evaluating the 12 exploration blocks up for auction in Iraq’s fourth licensing round, the company announced in its third quarter earnings report, released on Tuesday.

9 November 2011
Companies & Finance

E.On returns to profit aided by upstream gas revenue

Dusseldorf-based E.On announced its financial results for the first nine months of the year on Wednesday, revealing a return to profit helped by an increase in revenue from the company’s upstream programme.

9 November 2011
Companies & Finance

Chesapeake shale deal reflects strategy risk

United States independent Chesapeake Energy’s premium shale assets continue to attract joint venture investors, but the terms of the deals may be shifting in favour of its partners.

9 November 2011

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