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

Barsky reportedly leaving TNK-BP

TNK-BP deputy chief executive Maxim Barsky, who has long been the only remaining candidate for the top job at the Russian-British oil company, is leaving the company, several sources familiar with the situation told Interfax on Friday.

21 October 2011
Companies & Finance

Origin raises money for APLNG

Australian developer Origin Energy allocated $500 million in a senior notes offering in the United States to help fund its stake in the Australia Pacific LNG (APLNG) project.

21 October 2011
Companies & Finance

Golar LNG buys FRSU tankers

London-based LNG shipper Golar LNG Partners has closed a debt-backed acquisition of a series of floating, storage and regasification units (FRSU) from parent company Golar LNG.

21 October 2011
Companies & Finance

Banks await South Stream documents

Banks will receive investment documentation for the South Stream gas pipeline in the second quarter of 2012, according to Paolo Scaroni, chief executive of Italian co-sponsor Eni.

21 October 2011
Companies & Finance

Kinder Morgan buys El Paso

Kinder Morgan agreed to buy Texas-based El Paso Corporation for $21.1 billion in cash and stock.

21 October 2011
Companies & Finance

Repsol Gas Brasil sold

Repsol said on Thursday that it had agreed to sell its liquefied petroleum gas distribution subsidiary, Repsol Gas Brasil, to Brazilian company Ultragaz, for $27.6 million.

21 October 2011
Companies & Finance

BPZ joins North American trend of ‘cross-listers’

Houston-based BPZ Resources, whose entire operations are based in Peru and Ecuador, has been given approval to list on Lima’s Bolsa de Valores (BVL) stock exchange.

20 October 2011
Companies & Finance

BHP Billiton’s gas supply rise will come from Australia

Australian mining major BHP Billiton plans to increase its gas production capacity by 2.9 billion cubic feet (84.4 million cubic metres: MMcm) per day in the next three years with the addition of four new projects in its home country, the company said in its production and exploration report on Wednesday.

19 October 2011
Companies & Finance

Williams splits E&P arm from its steadier pipeline unit

United States-based company Williams has decided to split its exploration and production branch from its pipeline business, forgoing a planned initial public offering (IPO) of the upstream unit because of the poor financial climate, the company announced on Tuesday afternoon.

19 October 2011
Companies & Finance

Gazprom ups ECP issue by $300 mln

Russian oil and gas monopoly Gazprom, the country’s largest borrower, plans to add a further $300 million to an outstanding Eurocommercial paper (ECP) issue, a source at UBS, the placement organiser, told Interfax on Wednesday.

19 October 2011
Companies & Finance

DONG gains foothold in UK end-user market with acquisition of Shell’s Gas Direct

DONG Energy’s acquisition of UK gas supplier Shell Gas Direct will give the Danish company an opportunity to diversify its supply portfolio of end-users, analysts told Interfax on Wednesday.

19 October 2011
Companies & Finance

Encana’s focus remains on future partnerships asset sales, and reducing costs

Canada’s largest gas producer Encana will announce its third quarter earnings results on Thursday amid a tough operating environment as United States gas prices remain under $4 per million Btu (MMBtu).

19 October 2011
Companies & Finance

No decision yet on Shtokman tax breaks - Shmatko

A decision to award individual tax breaks for the Shtokman gas project or to include the project in the new system for all offshore fields has yet to be reached, Russian Energy Minister Sergei Shmatko told Interfax on Tuesday.

18 October 2011
Companies & Finance

Moody’s sees a negative outlook for Kogas

Moody’s has revised its outlook for state-owned Korea Gas Corp. (Kogas) to negative from stable because of concern that the company’s gas tariff hike is not high enough and that its overseas investment plan is overly ambitious, the ratings agency announced on Tuesday.

18 October 2011
Companies & Finance

Doubts linger over Bolivia’s ambitious investment targets

Bolivia expects major energy companies to invest a record $1 billion in gas and other hydrocarbons exploration in 2012, state-controlled YPFB said in a statement Monday.

18 October 2011
Companies & Finance

Reliance’s KG-D6 output disappoints again

Production from Reliance Industries’ flagship Krishna Godavari Basin D6 Block (KG-D6) continued to disappoint this year, with gas declining by 20.3% and crude oil falling by 42.1% year-on-year in the first half of fiscal year 2012, the Indian company announced on Saturday.

17 October 2011
Companies & Finance

Gazprom issues $200 mln via ECP

Russian oil and gas monopoly Gazprom, the country’s largest borrower, placed $200 million via an issue of euro commercial paper (ECP), a source at UBS, the placement organiser, today told Interfax.

14 October 2011
Companies & Finance

Turgai Petroleum closes $500 million loan facility

Turgai Petroleum, a joint venture between Russia's Lukoil and PetroKazakhstan, has closed a $500 million loan facility with a syndicate of lenders to fund development of the Kumkol field in Kazakhstan.

14 October 2011
Companies & Finance

Qatar Petroleum and ExxonMobil send out RFP for Barzan bond

Qatar Petroleum and US super-major ExxonMobil have sent out a request for proposals (RFP) to potential advisers for a bond component to finance the Barzan gas project. Responses are due by 17 October, with the bond expected to be about $1 billion of the total $8.6 billion project cost.

14 October 2011
Companies & Finance

Macquarie to supply $30 million bridge loan to Petroceltic

Australian bank Macquarie has agreed to supply Irish explorer Petroceltic with a $30 million bridge loan to finance its upstream portfolio.

14 October 2011

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