The North Rankin platform in the North West Shelf. Companies & Finance

Glimmers of hope for Aussie upstream sector in 2018

Australia’s upstream sector is starting to see a recovery in investment prompted by higher oil prices and growing regional LNG demand.

By Sally Bogle 18 January 2018
Companies & Finance

Central Resources buys six Brazilian oil and gas concessions

Central Brazil Coöperatief, an affiliate of United States (US) based Central Resources, has acquired six oil and gas concessions in Brazil from a unit of Koch Industries.

8 June 2011
Companies & Finance

Americas Petrogas expands drilling in Argentina with new acquisition

Canadian oil and gas company, Americas Petrogas, is expanding its operations in Argentina with the acquisition Energicon and continued drilling for oil and gas in the Neuquén Basin, the company said on Friday.

6 June 2011
Companies & Finance

Statoil agrees to sell Gassled stake for $3.2 billion

Norway’s Statoil is to sell a 24.1% stake in the Gassled joint venture for 17.35 billion Norwegian kroner ($3.2 billion) to Solveig Gas Norway – a joint venture including pension funds and the Abu Dhabi Investment Authority (Adia).

6 June 2011
Companies & Finance

Saipem and Chiyoda sign joint venture deal

Italy’s Saipem has signed a co-operation agreement to develop onshore LNG and other upstream projects with Chiyoda Corporation, a Japanese engineering group.

6 June 2011
Companies & Finance

Reliance shares fall after AGM

Shares in Reliance Industries fell today as investors were disappointed with comments made by chairman, Mukesh Ambani, at the company’s 37th annual general meeting (AGM) of shareholders in Mumbai.

3 June 2011
Companies & Finance

Petronas buys stake in Canadian shale gas plays

Malaysia’s Petronas has, this week, bought half of three Canadian shale gas plays for C$1.07 billion ($1.09 billion) from Calgary-based Progress Energy Resources and will discuss development of LNG export facilities in British Columbia.

3 June 2011
Companies & Finance

Total representative to replace Dmitriyev on Novatek board

A representative of France’s Total will replace Vnesheconombank chairman, Vladimir Dmitriyev, on the board of directors at gas producer, Novatek.

3 June 2011
Companies & Finance

Vopak, Enagas buy Mexican LNG terminal from Shell

Vopak, a Dutch tank storage service provider, and Enagas, the Spanish grid operator, have agreed to buy the Altamira LNG import regasification terminal on the east coast of Mexico from current owners Shell (50%), Total (25%) and Mitsui (25%), the companies said on Thursday.

2 June 2011
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

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