Petronas’s FLNG recently delivered commercial cargoes. (Petronas) Companies & Finance

Pioneering Gunvor snags Fortuna FLNG volumes

The Swiss trading house’s plan to take the full output from the LNG plant is seen as a bold move by analysts.

By Miriam Malek 22 August 2017
Companies & Finance

Cairn shareholders to vote on India sale on 14 September

The shareholders of Scotland’s Cairn Energy will vote on 14 September on whether to accept the Indian government’s controversial pre-conditions for approving the sale of its Indian subsidiary to Indian miner Vedanta Resources, the Scottish company said today when it announced its first half results.

23 August 2011
Companies & Finance

Australian APLNG’s annual net profits drop by 65%

The Australian Pacific LNG (APLNG) project’s net profits declined by 65% year-on-year to A$91 million ($95.6 million) in the year ending on 30 June, due in part to the unwinding of discounted receivables from shareholders, stakeholder Origin Energy said today in its annual results.

23 August 2011
Companies & Finance

Banks to submit bids for Qatar's Barzan gas project by end of August

International and local banks should submit proposals for a $4.7 billion syndicated loan to finance the Barzan gas project in Qatar by 29 August.

23 August 2011
Companies & Finance

Challenges remain for TNK-BP in Itera share deal

Russia’s Federal Anti-monopoly Service (FAS) has suspended consideration of the proposed 50% acquisition of natural gas producer and trader Itera by oil and gas company TNK-BP because the deal has to be referred to the government’s commission for monitoring foreign investment, an FAS source told Interfax.

23 August 2011
Companies & Finance

Ghanaian parliament set to debate $3 billion loan from China Development Bank

Parliament in Ghana today will debate whether to accept a $3 billion loan from the China Development Bank (CBD).

22 August 2011
Companies & Finance

Arrow bids $543 million for CBM explorer Bow

Australia’s Arrow Energy has offered about A$520 million ($543 million) for the coal-bed methane (CBM) explorer Bow Energy in an effort to underpin Arrow’s planned LNG plant on Curtis Island, one of several CBM-to-LNG projects racing for supplies.

22 August 2011
Companies & Finance

BHP Billiton seals its $12 billion takeover of Petrohawk Energy

BHP Billiton has wrapped up its $12 billion acquisition of United States shale gas developer Petrohawk Energy, in a deal that will double the Australian miner’s shale resources, BHP announced on Sunday.

22 August 2011
Companies & Finance

Ukraine prepares response to Gazprom

Ukraine will submit its own proposal on gas co-operation with Gazprom, Prime Minister Mykola Azarov said today.

19 August 2011
Companies & Finance

Santos more than doubles first half profits thanks to Gladstone deal

The Australian oil and gas company Santos has more than doubled its first half profit for 2011 to $504 million ($526 million USD), up 155% from last year, according to figures released online on 19 August.

19 August 2011
The head offices of mining giant BHP Billiton in Melbourne, Australia. (PA) Companies & Finance

BHP Billiton: A sleeping giant in the Aussie LNG race

There are 14 LNG liquefaction projects being planned or under construction in Australia but homegrown oil and gas major BHP only has a stake in three. So why has it been so slow to enter the LNG race?

19 August 2011
Troops of Pakistan paramilitary forces patrol in the troubled area of Dera Bugti in Balochistan province of Pakistan. (PA) Companies & Finance

Pakistan’s best bet for IP funding may lie with China

In the second part of a two-part feature, Sara Stefanini investigates the security concerns and international opposition still standing in the way of China stepping in to help develop the controversia

18 August 2011
Companies & Finance

Controversy may dog Russian trip to Peru

Russia’s Foreign Minister Sergei Lavrov will visit Peru next week to meet with President Ollanta Humala, who recently scolded his own brother for conducting talks in Moscow over gas deals without his consent.

18 August 2011
Companies & Finance

SOCAR and BP discuss second phase of Shah-Deniz field

Representatives of State Oil Company of the Azerbaijani Republic (SOCAR) and BP today discussed phase two of the Shah Deniz gas condensate project in Azerbaijan Caspian sector, a SOCAR representative today told Interfax.

18 August 2011
Iran’s President Mahmoud Ahmadinejad meets with Pakistani Prime Minister Yousaf Raza Gilani in 2008. (PA) Companies & Finance

Iran-Pakistan Pipeline – meeting the challenges

The Iran-Pakistan pipeline is riddled with political, financial and technical complications. In the first of this two-part feature, Leigh Elston looks at the challenges of developing one of the region’s most ambitious and controversial projects from both the Iranian and Pakistani perspectives.

18 August 2011
Companies & Finance

Novatek raises 2011 production forecast to 50 bcm

Novatek, Russia’s top non-state gas producer, expects to produce at least 50 billion cubic metres of natural gas this year, Chief Financial Officer Mark Gyetvay announced on Tuesday.

17 August 2011
Companies & Finance

South Korea approves gas deals with Shell, Total

South Korea’s Ministry of Knowledge Economy said on 17 August that it approved Korea Gas Corp.’s deal with Royal Dutch Shell and Total to import substantial amounts of gas for use in its domestic market.

17 August 2011
Companies & Finance

Woodside nearing gas purchase deals for Pluto LNG expansion

Australia’s Woodside Petroleum is close to finalising agreements with other gas companies to buy supplies to support the planned expansion of its Pluto LNG project in Western Australia, the company said in a press conference on its half year results today.

17 August 2011
Companies & Finance

Southern Union reconsiders William $5.5 billion bid for gas pipeline network

US integrated gas company Williams has been in competition with Energy Transfer Equity (ETE) since June to acquire Southern Union, an Oklahoma-based gas transporter, with ETE seen as the front-runner.

17 August 2011
Companies & Finance

CNPC earmarks $47 billion for Xinjiang Province’s development

China National Petroleum Corp. (CNPC), China's largest oil and gas producer, is expected to deploy RMB 300 billion ($46.93 billion) to develop oil and gas reserves in Xinjiang Uygur Autonomous Region over the next 10 years, state media reported on 16 August.

16 August 2011
Companies & Finance

European, Chinese firms keen on advisory role for Iran-Pakistan pipeline

Pakistan’s Inter State Gas Systems (ISGS) has so far heard back from “several” European and Chinese companies and domestic banks interested in providing financial advisory services for the construction of the Iran-Pakistan gas pipeline, Ijaz Ul Haq, chief financial manager for ISGS, told Interfax today.

16 August 2011

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