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

Nord Stream phase two debt refinance on hold

A mooted refinance of the phase two debt behind the Nord Stream natural gas pipeline looks to be on hold, owing to uncertainty in the euro currency market.

2 September 2011
Companies & Finance

Sterling to close senior debt facility

Europe-focused Canadian oil and gas explorer Sterling Resources looks set to close a syndicated senior debt facility over coming weeks to fund development of the $691 million Breagh gas field in the North Sea.

2 September 2011
Companies & Finance

Extension for Barzan project debt package

Banks have been given an extra week to submit commitments for the $4.7 billion debt package required for the Barzan gas project in Qatar.

2 September 2011
Companies & Finance

No agreement on Tamar gas pricing says Delek

The Tamar consortium and Israel Electric Corporation (IEC) have not settled on a sales price for gas from the Tamar field, despite reports in local business daily, Globes, that they are close to a deal.

2 September 2011
Companies & Finance

Fluxys buys 19% stake in NEL Pipeline

Belgian gas transmission operator Fluxys has bought a 19% stake in the planned German gas pipeline NEL - which will link up with the Nord Stream pipeline – from gas supplier Wingas, the companies said in a statement on Thursday.

1 September 2011
Companies & Finance

BP says Moscow office raid has ‘no legal basis’

The raid on BP Exploration Operation Company by Russian Federal Bailiffs is part of a ‘pressure campaign’ says Jeremy Huck, president of BP Russia, but the bailiffs say there are merely enforcing a court decision.

1 September 2011
Companies & Finance

PGNiG sees net profit drop by $7 mln in Q2

Poland’s largest oil and gas company, PGNiG, recorded a net loss of PLN 20 million ($7 million) in the second quarter of 2011, largely due to higher import prices for natural gas, the company said on Wednesday.

31 August 2011
Companies & Finance

Southern Europe’s utilities admit exposure to financial turmoil

Southern Europe’s utilities have come under pressure to reduce debt due to the financial turmoil in the region, while weak energy demand and lower profit margins have also added to the concerns.

30 August 2011
Companies & Finance

Gazprom Q1 results tops forecasts amid cash-flow problems

Russia's state-controlled Gazprom has reported a 42% increase in first-quarter earnings to 478.5 billion roubles ($16.6 billion).

30 August 2011
Companies & Finance

Ghana approves $3 billion Chinese loan after parliamentary deliberation

The Ghanaian government has approved a $3 billion loan from China Development Bank on 29 August, after several days of parliamentary deliberation.

30 August 2011
Companies & Finance

Sinopec natural gas sales surge 43% y-o-y in H1

According to figures released on Monday, Sinopec sold 5.94 billion cubic metres (210 billion cubic feet) of gas in the first half of 2011, a 43.5% increase on last year.

30 August 2011
Companies & Finance

Kunlun Energy sees natural gas sales surge in H1

China’s Kunlun Energy boosted its natural gas sales in the first half of 2011, recording an increase of 89% year-on-year to 1.6 billion cubic metres (57 billion cubic feet), the company announced on Friday.

30 August 2011
Companies & Finance

Despite political will, TAPI still lacks funding

Agreements between Turkmenistan, Afghanistan, Pakistan and India over the proposed pipeline connecting the four countries are important steps forward for the project, but without financial backing, TA

26 August 2011
Companies & Finance

PetroChina’s performance handicapped by expensive imports and refining losses

Despite high oil prices and increased production, PetroChina’s 2011 first-half profits flatlined year-on-year, according to figures released on 25 August on the company’s website.

26 August 2011
Companies & Finance

Kribi gas-fired power plant in Cameroon nears financial close

US-based power company AES Corporation is aiming to reach financial close on its 216 megawatt Kribi combined cycle gas turbine power plant in Cameroon in September.

26 August 2011
Companies & Finance

KivuWatt gas plant in Rwanda secures $91 million financing

New York-based power company ContourGlobal has secured a $91.25 million loan for the development of the first phase of its KivuWatt integrated gas project in Rwanda.

26 August 2011
Companies & Finance

Encana puts Barnett shale reserve up for sale

Canada’s Encana Oil & Gas has put its Texan Barnett shale gas field on the market as part of its plan to sell off a total of between $1 billion and $2 billion in assets this year, it announced on Friday.

26 August 2011
Companies & Finance

Petrohawk takeover not to interfere with LNG projects – BHP CEO

BHP Billiton’s $15.1 billion takeover of American shale gas developer Petrohawk Energy does not rule out the Australian miner’s interest in expanding its LNG operations in the future, CEO Marius Kloppers said at a press conference on Wednesday.

25 August 2011
Companies & Finance

CR Gas sells 3.4 bcm of natural gas in H1

Hong Kong Stock Exchange-listed China Resources Gas Group (CR Gas), a unit of China Resources Holdings, sold 3.4 billion cubic metres (120 billion cubic feet) of natural gas in China during the first half of the year (H1), up 45% year-on-year, the firm announced on 23 August.

24 August 2011
Companies & Finance

Stronger production pushes BHP’s petroleum revenues up by 22.3%

The start-up of the offshore Angostura Gas Project in Trinidad and Tobago, the addition of the newly acquired Fayetteville shale gas reserves in the United States and higher production from Australia’s North West Shelf (NWS) helped BHP Billiton push its petroleum revenues up by 22.3% for the year ending in June 2010, the Australian mining company

24 August 2011

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