ConocoPhillips' Darwin LNG plant. Project Finance

Bonaparte LNG in focus as Santos targets Asia

Santos has returned its focus to Australia’s Bonaparte Basin as growing Asian demand brings opportunity to the area.

By Sally Bogle 23 February 2018
People

Nexen president and chief exec departs

Canadian independent Nexen announced the immediate departure of President and Chief Executive Marvin Romanow and Executive Vice-President for Canada Gary Nieuwenburg on 9 January. No reason was given for the change.

10 January 2012
Companies

Petrominerales to explore over 100 Colombia and Peru prospects

Canadian company Petrominerales will explore over 100 prospects across its Colombian and Peruvian acreage between now and 2015, according to company President Corey Ruttan.

10 January 2012
Results

PetroVietnam 2011 revenues rise

State-run PetroVietnam’s revenues in 2011 rose by 41.2% year-on-year to VND 675.3 trillion ($32.2 billion), Vietnam New Brief Service reported on Tuesday.

10 January 2012
Companies

CNPC’s output in Tarim Basin drops in 2011

China National Petroleum Corp.’s (CNPC) gas output in the Tarim Basin fell by 7.14% in 2011 on an annualised basis to 17.05 billion cubic metres, CNPC announced on Tuesday.

10 January 2012
Mergers & Acquisitions

EnQuest takes 20% in Kraken

London-listed EnQuest has taken a 20% stake in the Kraken discovery in the UK North Sea, according to UpstreamOnline on Monday.

9 January 2012
Mergers & Acquisitions

Sinochem to acquire 10% stake in Brazilian deep-water blocks

Sinochem Petróleo Brazil, a wholly-owned subsidiary of China's Sinochem Group, has agreed to acquire a 10% stake in five deep-water oil and gas blocks off the coast of Brazil from Perenco, Sinochem a

9 January 2012
Project Finance

CNPC to issue bonds to fund pipeline construction

China National Petroleum Corp. (CNPC) will issue RMB 20 billion ($3.16 billion) worth of corporate bonds to help fund construction of its second West-East Gas Pipeline (WEP II), according to a bond pr

9 January 2012
Companies

Total wins Mauritania blocks

Total has been awarded two exploration licences in Mauritania, the French major said in a press release on Friday.

6 January 2012
Project Finance

Ecopetrol closes Reficar refinery upgrade deal

Colombia's Ecopetrol has closed a $3.5 billion deal for the upgrade and expansion of the Reficar refinery complex.

6 January 2012
Project Finance

Pakistan’s Finance Ministry has one month to arrange equity for IP pipeline

Pakistan's Ministry for Petroleum and Natural Resources has notified the Finance Ministry that it has one month to arrange the equity necessary for the Iran-Pakistan Gas Pipeline project.

6 January 2012
Project Finance

Hoegh LNG mandates banks to arrange project finance facility for FSRU

Norway's Hoegh LNG has mandated two banks to help arrange a project finance facility for the Medan floating, storage and regasification unit being built for use offshore Belawan in North Sumatra, Indo

6 January 2012
Project Finance

Santos closes Gladstone LNG project financing

Australian developer Santos has closed $1.2 billion in debt project financing for the $16 billion Gladstone LNG (GLNG) project with commercial banks and a trio of export credit agencies (ECAs).

6 January 2012
Mergers & Acquisitions

Murray & Roberts may sell Clough stake

South Africa’s Murray & Roberts Holdings is considering selling all or part of its 62% stake in the Australian energy engineering firm Clough, The Wall Street Journal reported on Friday.

6 January 2012
Companies

Shell ups output at Changbei gas project

Royal Dutch Shell produced 3.5 billion cubic metres of gas at the Changbei gas field last year, Shell's partner China National Petroleum Corp. (CNPC) announced on Thursday.

6 January 2012
Companies

Services giants to co-operate on contracts

A co-operation agreement between Petrofac and Schlumberger highlights the growing market for production enhancement contracts

5 January 2012
Mergers & Acquisitions

CNPC to hedge risk with ‘captive’ insurance JV

China National Petroleum Corp. (CNPC), the country's largest oil and gas producer, will form a captive insurance joint venture (JV) with its listed subsidiary PetroChina, a move that will enable CNPC to manage risk exposure more effectively.

5 January 2012
Companies

Shandong’s Weihai City links commercial retail gas prices to upstream prices

Weihai, a coastal city in Shandong Province, has linked retail natural gas prices for non-residential use to the cost of purchasing the gas upstream, the Weihai Municipal Pricing Bureau (WMPB) announced on Wednesday.

5 January 2012
Results

CNPC’s gas output growth rate dials down in 2011

China National Petroleum Corp.’s (CNPC) gas output from domestic sources grew by 4.14% in 2011 from a year earlier – the lowest increase since such figures were first published in 2008 – according to a newsletter circulated by CNPC on Wednesday.

5 January 2012
Mergers & Acquisitions

ONGC expands in India with new finds, takeovers

Oil and Natural Gas Corp. (ONGC), India’s largest state-run oil and gas company, has swiftly expanded its domestic gas assets this week, after taking hold of three BG stakes and making several new discoveries.

5 January 2012
Mergers & Acquisitions

Reliance in talks over El Paso E&P assets

Reliance Industries is among a number of companies in talks to buy the exploration and production unit of United States pipeline company El Paso, a Reliance spokesperson told Interfax on Wednesday.

4 January 2012

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