A Petrobras rig exploring offshore Brazil Companies

Exxon returns to Brazil with $2.7 bln spending spree

The supermajor is angling for a second chance at exploration success in Brazil after a fruitless campaign in 2012.

By Chris Noon 12 April 2018
Results

Total posts 6% rise in net income on higher oil, gas prices

French oil major Total posted a 6% rise in net income in the fourth quarter of 2011 compared to the same period in 2010, highlighting the favourable environment for upstream activities, in particular high oil and gas prices, Chief Executive Christophe de Margerie said on Friday.

10 February 2012
Companies

Petrobras announces succession plan, lower earnings

Brazilian state-controlled company Petrobras has said that its head of gas and energy, Maria das Graças Silva Foster, will become its new chief executive from 13 February, taking over from José Sergio Gabrielli. It also said on Friday that its earnings were 33.313 billion Brazilian reals ($19.3 billion) in 2011, down by 5% on 2010.

10 February 2012
People

Unconventional outlook uncertain outside US

The outlook for global unconventional gas development outside of the United States “remains uncertain,” despite growing interest in key markets such as China and Europe, the International Energy Agency’s Chief Economist Fatih Birol told Interfax

10 February 2012
Companies

Total eyeing Kurdistan

Total is eyeing a move into the Kurdistan Region of Iraq but has not yet signed any contracts, the group's Chief Executive Officer Christophe de Margerie told reporters at the company’s 2011 results briefing.

10 February 2012
Project Finance

Sponsors closing in on $2.5 bln APLNG debt

UK-based RBS, in its role as financial adviser to the project company, is pushing ahead with arranging a $2.5 billion project finance facility to help fund the Australia Pacific LNG (APLNG) project according to market reports.

10 February 2012
Project Finance

Adviser mandated for RWE divestment

JP Morgan has been hired by RWE Transgas to advise on the sale of Czech gas pipeline network operator Net4Gas.

10 February 2012
Project Finance

Polish player launches eurobond issue

Poland's state-owned developer PGNiG closed a eurobond issue of €500 million ($655 million) on 7 February through its Stockholm subsidiary PGNiG Finance.

10 February 2012
Project Finance

Dolphin closes upscaled bond refinance

Abu Dhabi-based Dolphin Energy has launched a $1 billion bond deal to market, and expects to increase the total amount by up to $300 million.

10 February 2012
Mergers & Acquisitions

JKC JV signs EPC for Ichthys

The JKC JV, a joint venture between Texas-based KBR and Japan’s JGC and Chiyoda, has signed an engineering, procurement and construction contract with the developers of the Ichthys LNG project in northern Australia for $15 billion, KBR announced on Thursday.

10 February 2012
Results

Samson registers gross profit of $2.5 mln

Australia’s Samson Oil & Gas registered a gross profit of A$2.3 million ($2.5 million) for the second half of 2011, up by 112% year-on-year, it announced on Friday.

10 February 2012
Companies

Santos reports spills from Eastern Star operations

Santos has reported three spills of contaminated water containing heavy metals from its coal-bed methane (CBM) operations in Australia’s New South Wales, Reuters reported on Friday.

10 February 2012
Results

BG results boosted by Asian LNG demand

LNG sales into Asia boosted BG Group’s fourth quarter and full year 2011 results as the company diverted cargoes from Europe and the Americas to cope with soaring demand there

9 February 2012
Companies

Plans for breaking up Eesti Gaas could harm Estonia's image

Two co-owners in the Estonian gas distribution company AS Eesti Gaas have written a complaint to Estonian Prime Minister Andrus Apsip saying government plans to separate the company and its gas networks could damage the country's image in the eyes of investors, reported Estonia’s newspaper, Eesti Paevaleht.

9 February 2012
Mergers & Acquisitions

RWE to sell gas transit pipeline

RWE’s Czech subsidiary is planning to sell the gas transit pipeline unit that it operates, but does not expect to complete the sale until 2013, Dow Jones reported on Thursday.

9 February 2012
Mergers & Acquisitions

Petromanas and Shell reach agreement

Albania-focused oil and gas firm Petromanas has reached a definitive farm-out agreement with a Royal Dutch Shell subsidiary, giving Shell a 50% share in onshore exploration Blocks 2 and 3 in Albania for $50.2 million, Petromanas said on Thursday.

9 February 2012
Mergers & Acquisitions

ENN Energy Holdings will not sweeten China Gas offer

China’s ENN Energy Holdings said that its offer to China Gas Holdings had been “very reasonable” and that it was not looking to sweeten the deal, according to the Hong Kong Economic Journal on Thursday.

9 February 2012
Results

Husky doubles profits

Canadian independent Husky more than doubled its profits in 2011 over 2010, earning $2.2 billion due to robust output growth, improvements in oil prices and refining margins.

9 February 2012
Companies

YPF raises resource estimate

Argentina's largest oil and gas company YPF has sharply raised its estimate for its unconventional oil-and-gas resources to 22.8 billion barrels from 927 million barrels.

9 February 2012
Mergers & Acquisitions

Gulf Keystone appoints Strand Hanson and Perrela Weinberg advisers

Gulf Keystone has appointed Strand Hanson Limited and Perella Weinberg Partners UK as joint corporate advisers in the sale of the company’s 20% interest in the Akri-Bijeel oil and gas block in the Kurdistan Region of Iraq.

9 February 2012
Results

Asia LNG sales keep GDF's gas earnings up

Higher LNG sales to Asia in 2011 allowed Franco-Belgian major GDF Suez to offset the unfavourable spread between oil and gas prices and lower gas sales in Europe, and are expected to continue boosting the company’s business in the coming years, it announced on Thursday.

9 February 2012

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