Langage gas power plant in the UK. The EIB will reduce lending to gas and other fossil fuels. (Centrica) Companies & Finance

EIB signals slowdown in fossil fuel investments

It will be harder for gas and other fossil fuel projects to obtain cash from the European Investment Bank in the future.

By Andreas Walstad 29 June 2017
Companies & Finance

Shell, CNPC enter global alliance agreement

Shell and China National Petroleum Corp. (CNPC) on Monday signed an alliance agreement emphasising their shared intent to pursue “mutually beneficial co-operation opportunities” internationally, as well as in China.

21 June 2011
Companies & Finance

Gazprom and Eni discuss gas asset swaps

Gazprom CEO Alexei Miller and ENI CEO Paolo Scaroni discussed an asset swap, as well as a gas supply contract between Gazprom and gas producer SeverEnergia, at a meeting held during the St. Petersburg Economic Forum in the past week.

20 June 2011
Novatek’s CEO Leonid Mikhelson (PA) Companies & Finance

Interview: Novatek’s CEO Leonid Mikhelson

President of Novatek, Leonid Mikhelson, discusses Novatek’s Yamal-LNG project, among other issues.

20 June 2011
Companies & Finance

Gazprom export revenue could top $60 billion in 2011

Gazprom's export revenue from non-CIS countries could exceed $60 billion in 2011, compared with $43.87 billion in 2010, Gazprom’s deputy chief executive, Alexander Medvedev said today.

20 June 2011
Companies & Finance

ONGC still in talks with Russian counterparts

Oil and Natural Gas Corp. (ONGC) chairman A K Hazarika said the company is in talks with Russia’s Bashneft and Russneft over merging its Russian assets, but that nothing had yet been finalised, Reuters reported Monday.

20 June 2011
Companies & Finance

Novatek in talks with VTB to buy Alrosa gas assets

Novatek may buy the gas assets of Alrosa, which includes Urengoi Gas Company LLC and Geotransgaz.

20 June 2011
Companies & Finance

Hayward fund raises $2 billion

An investment fund, set up by former BP Chief Executive Tony Hayward and several prominent financiers, has raised £1.35 billion ($2.18 billion) from large investors before a listing on the London Stock Exchange.

17 June 2011
Companies & Finance

Gazprom January to May exports rise

Gazprom increased its exports by 24 billion cubic metres in the first five months of 2011, compared to the same period in 2010, the company’s chief executive Alexei Miller said on Thursday.

17 June 2011
Companies & Finance

Perenco’s Brazilian unit plans IPO

Perenco Petroleo e Gas do Brasil Particpacoes, the Brazilian subsidiary of France-based exploration company Perenco, said on Thursday it plans to raise between $395.8 million to $510.7 million through an initial public offering (IPO) of shares on the Brazilian Stock Exchange, Dow Jones reported.

17 June 2011
Companies & Finance

Gas Natural and Sonatrach reach agreement

Spanish utility Gas Natural has agreed to pay Algeria’s Sonatrach $1.89 billion to resolve a dispute over gas prices through the Maghreb-Europe pipeline.

16 June 2011
Companies & Finance

China’s HQCEC secures Australian LNG Ltd stake

China Huanqiu Contracting & Engineering Corporation’s (HQCEC) acquisition of 20% of the shares in Australian company Liquefied Natural Gas Limited (LNG Ltd) has been approved by the Chinese authorities, thus making the deal legally binding, LNG Ltd said on Tuesday.

15 June 2011
Companies & Finance

Petrofac increases stake in Seven Energy

Petrofac has increased its stake in Nigerian exploration and production company Seven Energy from 12.6% to 24.5% with a $75 million investment.

10 June 2011
Companies & Finance

Latest round of Gazprom, CNPC talks end in deadlock

The latest round of talks between Gazprom and China National Petroleum Corporation (CNPC), held in Beijing on 7-9 June, have ended in deadlock, with Gazprom Deputy CEO Alexander Medvedev extending an invitation to continue talks in Moscow on 14 June.

10 June 2011
Companies & Finance

DNO International elects new chairman

The chief executive of Rak Petroleum, Bijan Mossavar-Rahmani, was elected the new chairman of Norwegian independent DNO International at the company’s annual general meeting on Thursday, ousting the long-running chairman Berge Gerdt Larsen.

10 June 2011
Companies & Finance

Mitsui buys stake in European shale project

Japan’s Mitsui has agreed to buy a 9% interest in 10 of Marathon Oil Corporation's Paleozoic shale gas exploration concessions in Poland.

9 June 2011
Companies & Finance

Total sells stake in Norwegian transportation system

French major Total has sold its entire 6.4% stake in the Gassled gas transportation system offshore Norway to Silex Gas, a wholly owned subsidiary of Allianz, it said on Wednesday.

8 June 2011
Companies & Finance

Central Resources buys six Brazilian oil and gas concessions

Central Brazil Coöperatief, an affiliate of United States (US) based Central Resources, has acquired six oil and gas concessions in Brazil from a unit of Koch Industries.

8 June 2011
Companies & Finance

Americas Petrogas expands drilling in Argentina with new acquisition

Canadian oil and gas company, Americas Petrogas, is expanding its operations in Argentina with the acquisition Energicon and continued drilling for oil and gas in the Neuquén Basin, the company said on Friday.

6 June 2011
Companies & Finance

Statoil agrees to sell Gassled stake for $3.2 billion

Norway’s Statoil is to sell a 24.1% stake in the Gassled joint venture for 17.35 billion Norwegian kroner ($3.2 billion) to Solveig Gas Norway – a joint venture including pension funds and the Abu Dhabi Investment Authority (Adia).

6 June 2011
Companies & Finance

Saipem and Chiyoda sign joint venture deal

Italy’s Saipem has signed a co-operation agreement to develop onshore LNG and other upstream projects with Chiyoda Corporation, a Japanese engineering group.

6 June 2011

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