Snam CEO marco alvera Companies & Finance

Snam eyes China, considers investing in CCS

Italy’s TSO Snam is looking to export its engineering knowledge to Asia through its Global Solutions business unit.

By Silvia Favasuli 11 December 2017
Companies & Finance

Shell farms into Tanzania offshore

Royal Dutch Shell has reached an agreement with Brazil’s Petrobras to farm into two blocks offshore Tanzania, in further evidence that the majors are betting on East Africa’s exploration prospects.

4 October 2011
Companies & Finance

Arrow-Bow marriage is the latest Aussie CBM union

Small exploration and development companies in Australia have become attractive acquisition targets for foreign majors. Sara Stefanini looks at the impact these mergers will have on the Australian coal-bed methane industry.

4 October 2011
Companies & Finance

BP’s $7 billion Pan American deal likely to go ahead, despite obstacles

The delay to BP’s sale of its $7 billion stake in Pan American appears to be natural, and the deal is likely to be approved in late October or early November.

3 October 2011
Companies & Finance

VOG raises $15m for Logbaba

London-based Victoria Oil & Gas (VOG) has raised £9.5 million ($15m) in an equity placing to finance the development of its Logbaba upstream project in Cameroon.

3 October 2011
Companies & Finance

E.On recruits Goldman Sachs

German utility E.On has recruited Goldman Sachs to negotiate the sale of its gas distribution network in a move that could raise up to €2.5 billion ($3.3 billion) to help pay its debts, the Financial Times reported this weekend.

3 October 2011
Companies & Finance

Russo-Venezuelan bank targets energy projects

A new bank will give Moscow a foothold in the Venezuelan energy industry, although there are concerns about the lack of transparency in the organisation’s activities.

30 September 2011
Companies & Finance

Sea Dragon closes deal for Egypt upstream

Calgary-listed oil and gas developer Sea Dragon Energy has closed a new debt finance package to fund the development of its Egyptian upstream assets.

30 September 2011
Companies & Finance

Barzan debt commitments confirmed

Debt commitments for the $4.7 billion debt package behind the Barzan natural gas project in Qatar will be secured at a signing on 31 October.

30 September 2011
Companies & Finance

Arrow appoints advisers for Bow purchase

Arrow Energy, a joint venture between Royal Dutch Shell and PetroChina, has appointed financial and legal advisers for its acquisition of Australian developer Bow Energy.

30 September 2011
Companies & Finance

ConocoPhillips buys 75% stake in Australian shale gas field

ConocoPhillips has reached a deal with New Standard Energy to buy a 75% stake in the Goldwyer shale gas project for $109.5 million, the companies announced on Friday.

30 September 2011
Companies & Finance

Green Dragon Gas results show profit up

Green Dragon Gas, an independent CBM producer and distributor based in China, released interim results for the six months ending 30 June on Friday, which detailed a 68% increase in revenue to $36.2 million, and a 41% increase in gross profit to $5.3 million over the same period last year.

30 September 2011
Companies & Finance

Spanish regulator will not probe Repsol stake

Spanish energy regulator CNE has said it will not examine a pact between Pemex and Sacyr to gain influence in Repsol, Interfax has learned.

30 September 2011
Companies & Finance

Dominion searches for Tanzanian farm-out partner

London-listed Dominion Petroleum is looking for farm-out partners on the deep-water Block 7 in Tanzania before commencing exploration drilling next year.

30 September 2011
Companies & Finance

Guangzhou Holdings eyes $686 mln private placement

Guangzhou Development Industry Holdings, an energy supplier in Guangdong Province, plans to raise RMB 4.38 billion ($686 million) through a private placement to finance construction and expansion of gas projects, the company announced on 28 September.

29 September 2011
Companies & Finance

India’s ONGC backs Cairn India sale

India’s state-owned Oil and Natural Gas Corp. (ONGC) on Tuesday approved Cairn Energy’s contentious plan to sell most of its assets in oil and gas producer Cairn India to Vedanta Resources, according to news reports on Tuesday evening.

28 September 2011
Companies & Finance

CSRC reviews Henan Lantian Gas IPO

The China Securities Regulatory Commission (CSRC) is reviewing an initial public offering (IPO) application from Henan Lantian Gas, a Henan Province-based natural gas distributor.

28 September 2011
Companies & Finance

Eni buys up GDF North Sea assets

As GDF Suez has agreed with Eni to sell its stake in the Elgin-Franklin gas condensate fields in the British North Sea, the French major no longer has any participation in the fields.

28 September 2011
Companies & Finance

Gazprom’s budget gap

With rising gas sales and prices, Russian gas giant Gazprom on Tuesday increased its 2011 investment programme by 36% to 1.277 trillion rubles ($39.4 billion). But with spending exceeding revenues by 480 billion rubles, how sustainable is this new investment strategy?

28 September 2011
Companies & Finance

Victoria Oil & Gas secures Logbaba funding

London-listed Victoria Oil & Gas announced on Tuesday that it has raised £9.5 million ($14.8 million) through a share placement to make the final payments for the Logbaba gas project in Cameroon.

27 September 2011
Companies & Finance

HSBC and Emirates NBD to lend $200 million to Dubai’s Hassyan IPP

Soaring demand for electricity across the Gulf Corporation Council has led to a surge in power project proposals, backed by private investors and international lenders.

27 September 2011

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