The port of Pemba in  Mozambique, site of  the LNG logistics base. Companies & Finance

Militant attacks spook investors in Mozambique LNG

Attacks near Mozambique’s planned LNG projects may not be linked to Al-Shabab, but they hint at a future of more unrest in the region.

By Leigh Elston 18 October 2017
Companies & Finance

BHP Billiton: A sleeping giant in the Aussie LNG race

There are 14 LNG liquefaction projects being planned or under construction in Australia but homegrown oil and gas major BHP only has a stake in three. So why has it been so slow to enter the LNG race?

19 August 2011
Companies & Finance

Pakistan’s best bet for IP funding may lie with China

In the second part of a two-part feature, Sara Stefanini investigates the security concerns and international opposition still standing in the way of China stepping in to help develop the controversia

18 August 2011
Companies & Finance

Controversy may dog Russian trip to Peru

Russia’s Foreign Minister Sergei Lavrov will visit Peru next week to meet with President Ollanta Humala, who recently scolded his own brother for conducting talks in Moscow over gas deals without his consent.

18 August 2011
Companies & Finance

SOCAR and BP discuss second phase of Shah-Deniz field

Representatives of State Oil Company of the Azerbaijani Republic (SOCAR) and BP today discussed phase two of the Shah Deniz gas condensate project in Azerbaijan Caspian sector, a SOCAR representative today told Interfax.

18 August 2011
Companies & Finance

Iran-Pakistan Pipeline – meeting the challenges

The Iran-Pakistan pipeline is riddled with political, financial and technical complications. In the first of this two-part feature, Leigh Elston looks at the challenges of developing one of the region’s most ambitious and controversial projects from both the Iranian and Pakistani perspectives.

18 August 2011
Companies & Finance

Novatek raises 2011 production forecast to 50 bcm

Novatek, Russia’s top non-state gas producer, expects to produce at least 50 billion cubic metres of natural gas this year, Chief Financial Officer Mark Gyetvay announced on Tuesday.

17 August 2011
Companies & Finance

South Korea approves gas deals with Shell, Total

South Korea’s Ministry of Knowledge Economy said on 17 August that it approved Korea Gas Corp.’s deal with Royal Dutch Shell and Total to import substantial amounts of gas for use in its domestic market.

17 August 2011
Companies & Finance

Woodside nearing gas purchase deals for Pluto LNG expansion

Australia’s Woodside Petroleum is close to finalising agreements with other gas companies to buy supplies to support the planned expansion of its Pluto LNG project in Western Australia, the company said in a press conference on its half year results today.

17 August 2011
Companies & Finance

Southern Union reconsiders William $5.5 billion bid for gas pipeline network

US integrated gas company Williams has been in competition with Energy Transfer Equity (ETE) since June to acquire Southern Union, an Oklahoma-based gas transporter, with ETE seen as the front-runner.

17 August 2011
Companies & Finance

CNPC earmarks $47 billion for Xinjiang Province’s development

China National Petroleum Corp. (CNPC), China's largest oil and gas producer, is expected to deploy RMB 300 billion ($46.93 billion) to develop oil and gas reserves in Xinjiang Uygur Autonomous Region over the next 10 years, state media reported on 16 August.

16 August 2011
Companies & Finance

European, Chinese firms keen on advisory role for Iran-Pakistan pipeline

Pakistan’s Inter State Gas Systems (ISGS) has so far heard back from “several” European and Chinese companies and domestic banks interested in providing financial advisory services for the construction of the Iran-Pakistan gas pipeline, Ijaz Ul Haq, chief financial manager for ISGS, told Interfax today.

16 August 2011
Companies & Finance

NNPC confirms plans to sell stake in Brass LNG

Nigerian National Petroleum Corp. (NNPC) will reduce its 49% stake in the Brass LNG project by 19% as it seeks funds to pay for its share of the $15 billion development, a company spokesman said on Monday.

16 August 2011
Companies & Finance

Russia agrees with Belarus to reduce gas price formula from 2012

Russia has agreed to lower its gas prices for Belarus, and will receive Russian gas at a discount from 2012 in view of its membership of the customs union, Russian Prime Minister Vladimir Putin said at a meeting with his Belarusian counterpart, Mikhail Myasnikovich.

16 August 2011
Companies & Finance

Fixed prices may hurt Petrobras investment

An analyst has warned that Brazil’s policy of fixed prices at the pump may affect state-controlled giant Petrobras’s future oil and gas exploration investments.

16 August 2011
Companies & Finance

DONG sees earnings rise on higher gas prices

Danish oil and gas company DONG recorded earnings before interest and tax (EBITDA) of DKK 9.1 billion ($1.8 billion) in the first half of 2010, up 8% on the same period the previous year, it said on Tuesday.

16 August 2011
Companies & Finance

Iraq gas-gathering project to cost $17 billion

The Basra Gas Company is expected to produce 2 billion cubic feet per day of gas from its gas-gathering project in southern Iraq, according to an official agreement summary obtained by Dow Jones Newswires Tuesday.

16 August 2011
Companies & Finance

MOL sees H1 earnings, production rise

Hungarian oil and gas company MOL recorded earnings before interest, tax, depreciation and amortisation (EBITDA) of HUF 229.4 billion ($1.2 billion) in the first half of 2011, a rise of 45% on the same period compared to the previous year, the company said on Tuesday.

16 August 2011
Companies & Finance

Beach Energy takes 20% stake in shale gas partner Adelaide Energy

Adelaide-based shale gas company Beach Energy is set to take a 19.95% stake in its joint venture partner Adelaide Energy.

15 August 2011
Companies & Finance

Bulgargaz hikes gas prices by 20%

Bulgarian public gas supplier Bulgargaz will increase gas prices by 20% in the fourth quarter of 2011 due partly to an expected increased reliance on imports, it announced last week.

15 August 2011
Companies & Finance

Novatek net profits soar 120% in Q2

Second-quarter net profits at Novatek, Russia’s second biggest gas producer, more than doubled from $242 million in the same period last year to $494 million , the company said in a statement released on Friday.

15 August 2011

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