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Companies

HRT Participacoes em Petroleo shares boosted

Brazilian independent HRT Participacoes em Petroleo saw its shares boosted on Monday, after state-controlled Petrobras found oil near HRT’s Amazon exploration areas.

7 February 2012
Companies

Increase in Integras Central Asia transported gas

Kazakhstan’s Integras Central Asia transported 102.9 bcm of gas through its main pipelines in 2011, 3% more than in 2010, the company said in a statement.

7 February 2012
Project Finance

Greenfields Petroleum to drill Bahar

United States company Greenfields Petroleum (which owns 33.3% of UAE company Bahar Energy) plans to invest $24.7 million to drill new wells at the Bahar and Gum Deniz fields in Azerbaijan in 2012, Gre

7 February 2012
Results

BP returns to full year profit after Macondo

BP Chief Executive Bob Dudley said that the company was “on the right path”, as the UK oil major reported fourth-quarter profits of $21.7 billion on Tuesday, up from $20.5 billion in 2010.

7 February 2012
Mergers & Acquisitions

China’s Sinochem to acquire Total Colombia unit

Sinochem has agreed to purchase Total's Colombian subsidiary, Tepma BV, a Sinochem spokesperson confirmed to Interfax on Tuesday.

7 February 2012
Companies

Pemex exploration down

Mexico's state-controlled Pemex completed 33% fewer exploratory wells in 2011 compared to 2010, according to figures from a report by upstream regulator CNH.

6 February 2012
Companies

Azerbaijani state oil issues Eurobonds

State Oil Company of the Azerbaijani Republic has placed a debut issue of $500 million worth of five-year Eurobonds on the London Stock Exchange, according to the company’s website.

6 February 2012
Mergers & Acquisitions

Qatar Shipping to buy stakes in LNG carriers

Qatar’s Milaha subsidiary Qatar Shipping Company is to buy a 15% stake in two LNG Carriers: Maersk Ras Laffan and Maersk Qatar.

6 February 2012
Mergers & Acquisitions

GDF Suez eyes Gujarat Gas stake

GDF Suez is eyeing BG’s 65% stake in Indian gas distributor Gujarat Gas and has contacted other bidders to see if they would be interested in putting together a joint offer, the Economic Times reported on Monday.

6 February 2012
Project Finance

CNPC unit to invest $475 mln in Hebei Province gas project

Huagang City Gas Group, a unit of China National Petroleum Corp. (CNPC), has signed a strategic cooperation framework agreement for a gas project in Handan City, Hebei Province, local media reported o

6 February 2012
Mergers & Acquisitions

SandRidge moves offshore with Dynamic buy

United States independent SandRidge Energy has agreed to buy US Gulf of Mexico shallow-water operator Dynamic Offshore Resources for $1.275 billion, capitalising on a broader industry push to move out

3 February 2012
Mergers & Acquisitions

Alrosa okays gas-asset deal with Zarubezhneft

Russia’s diamond mining monopoly Alrosa has agreed to sell stakes in three gas and gas condensate deposits in the Yamal-Nenets region in Siberia to Zarubezhneft, a Russian state oil producer, the company said in a statement.

3 February 2012
Mergers & Acquisitions

Fortune Oil and SK E&S bolstering stakes in China Gas Holdings

Disclosures filed with the Hong Kong Securities and Futures Commission show that Fortune Oil and SK E&S have been aggressively buying up shares in China Gas Holdings since news broke in December 2011 that the company was the target of a takeover bid by Sinopec and ENN Energy Holdings.

3 February 2012
Mergers & Acquisitions

Austria dismissed IPIC request

The Austrian government has dismissed a request from IPIC, Abu Dhabi’s sovereign wealth fund, for permission to raise its stake in OMV to at least 25%, Reuters reported a spokeswoman from economy ministry in Vienna as saying.

3 February 2012
People

Norway pays most for workers

Norway is the highest-paying country for oil and gas industry workers, paying an average of $180,300, Upstream reported on Thursday, citing a survey from Hays Oil & Gas.

3 February 2012
Project Finance

Samruk-Kazyna offers $4 bn to Kazmunaigas

Kazakh National Welfare Fund Samruk-Kazyna has offered to lend national oil company Kazmunaigas $4 billion, Samruk-Kazyna Chief Executive Umirzak Shukeyev said.

3 February 2012
Companies

Kazmunaigas to reduce subsidiaries

Kazmunaigas plans to reduce the number of its subsidiaries by 22% in five years, the Kazakh oil producer's Chief Executive Lyazzat Kiinov said.

3 February 2012
Project Finance

GIP to sell stake in Chesapeake partnership

Investment fund Global Infrastructure Partners (GIP) announced on Thursday that it will offer 9.3 million units in Chesapeake Midstream Partners in a move to sell its stake in the North American devel

3 February 2012
Project Finance

Nordic Investment Bank to fund Finnish power plan

The Nordic Investment Bank (NIB) has agreed an €18 million ($23.7 million) loan with bioenergy company Vaskiluodon Voima Oy to build a gasification plant in Vaasa, Finland a statement released this

3 February 2012
Project Finance

LNG vessel firm issues private shares

Norwegian shipping company Hoegh LNG has raised NOK1.2 billion ($206 million) through a private placement share issue to help fund a new floating, storage and regasification vessel (FSRU) being constr

3 February 2012

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