An offshore rig at the Mahakam block. Companies & Finance

Indonesia ups Mahakam offer for Total and Inpex

Indonesia is hoping the offer of a larger stake will keep Total and Inpex interested in the Mahakam field.

By Damon Evans 15 December 2017
Companies & Finance

Israel’s Premium Holdings may buy stake in Leviathan shareholder

Israeli investment company Premium Holdings is looking into options to buy a 15% stake in Ratio Oil Exploration, which owns 15% of the giant Leviathan gas field off Israel’s Mediterranean coast.

2 June 2011
Companies & Finance

OGX issues $2.6 billion in unsecured notes

Brazilian independent OGX Petróleo e Gáshas issued $2.563 billion in unsecured notes to be used to fund development of its substantial natural gas discoveries.

1 June 2011
Companies & Finance

ONGC reports drop in Q4 earnings

India’s Oil & Natural Gas Corp. (ONGC) reported a 26% drop in fourth quarter net profits to 27.9 billion rupees ($619 million), as it failed to take full advantage of higher oil and gas prices due to government-imposed subsidies.

31 May 2011
Companies & Finance

Indian bidders enter frame for Yamal LNG

A consortium of Indian companies has bid for a stake in Novatek’s Yamal LNG project, hoping to snap up a portion of the 29% holding the Russian company is preparing to offload.

31 May 2011
Companies & Finance

Royal Dutch Shell’s Russian talks compounds BP misery

Royal Dutch Shell moved to capitalise on the impasse reached between BP and Rosneft by holding talks over Arctic Sea exploration with the Russian company in Moscow.

27 May 2011
Companies & Finance

Tullow expands Jubilee stake

Tullow Oil is to buy EO Group’s interests offshore Ghana for $305 million.

27 May 2011
Companies & Finance

Tullow buys Nuon’s exploration and production arm

London-based Tullow Oil has agreed to buy Nuon Exploration and Production for €300 million ($427 million), increasing its North Sea gas production by over 60%.

27 May 2011
Companies & Finance

Gas Natural, Sonatrach pricing discussions continue

Spain’s Gas Natural and Algeria’s Sonatrach are still locked in discussions trying to resolve a dispute over pricing, despite a report in the Spanish financial daily Cinco Dias that a resolution had been found.

27 May 2011
Companies & Finance

Gail profit down on subsidy burden

India’s state-owned gas monopoly, Gail, made a net profit of 7.83 billion Indian rupees ($17.3 billion) during the quarter ending 31 March, down from 9.10 billion rupees in the same period a year ago.

26 May 2011
Companies & Finance

PetroChina sets 2015 oil and gas targets

State-owned PetroChina said it will continue to look for overseas opportunities, and focus on upstream and downstream projects outside of China - in Central Asia, the Middle East, Africa, South America and Asia Pacific.

26 May 2011
Companies & Finance

Interview: David Sharp, senior consultant at INDECS

David Sharp, senior consultant at energy insurance consultancy, INDECS discusses the impact the BP oil spill in the Gulf of Mexico has had on the insurance market, the key insurance risks of drilling in environmentally sensitive areas and how insurers are coping with the spate of global natural disasters that have taken place over the past few mont

25 May 2011
Companies & Finance

El Paso Corporation to spin off E&P business

Houston-based El Paso Corporation announced, on 24 May, that its Board of Directors has approved a plan to divide the company into two publicly traded businesses by the end of 2011.

25 May 2011
Companies & Finance

Gazprom increases 2011 gas exports

Gazprom has increased its gas-export target for 2011 from 151.5 billion cubic metres to 155 bcm, the company’s deputy CEO, Alexander Medvedev, said at the European Gas Storage Conference.

19 May 2011
Companies & Finance

Libya’s NOC head defects

The head of Libya’s National Oil Corp. (NOC), Shokri Ghanem, has defected to Tunisia, becoming the latest high profile figure to abandon Libyan leader Muammar Gaddafi’s regime.

19 May 2011
Companies & Finance

PetroVietnam buys a stake in Peru exploration block

State-run PetroVietnam has bought a 35% stake in Block 39 in Peru from Burlington Resources Peru, a subsidiary of ConocoPhillips. PetroVietnam expects the Peruvian government to approve the transaction within the next few weeks.

18 May 2011
Companies & Finance

Isramco closes $750 million financing for Israeli Tamar gas field

Isramco has secured two loans totalling $750 million to cover its share in the development of the Tamar gas field, off the coast of Israel.

18 May 2011
Companies & Finance

Novatek first quarter profits rise but seeks more Yamal partners

While recording a jump in profits as rising oil and gas prices and increasing output boosted first quarter earnings, Novatek is keen to farm out another 29% of the Yamal project to about two or three

18 May 2011
Companies & Finance

Norway’s ageing infrastructures limit Statoil’s volumes

Three years after the merger between Statoil and the oil and gas arm of Norsk Hydro, the combined group is still struggling to boost upstream production.

17 May 2011

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