A Petrobras rig exploring offshore Brazil Companies

Exxon returns to Brazil with $2.7 bln spending spree

The supermajor is angling for a second chance at exploration success in Brazil after a fruitless campaign in 2012.

By Chris Noon 12 April 2018
People

DNO International elects new chairman

The chief executive of Rak Petroleum, Bijan Mossavar-Rahmani, was elected the new chairman of Norwegian independent DNO International at the company’s annual general meeting on Thursday, ousting the long-running chairman Berge Gerdt Larsen.

10 June 2011
Mergers & Acquisitions

Mitsui buys stake in European shale project

Japan’s Mitsui has agreed to buy a 9% interest in 10 of Marathon Oil Corporation's Paleozoic shale gas exploration concessions in Poland.

9 June 2011
Mergers & Acquisitions

Total sells stake in Norwegian transportation system

French major Total has sold its entire 6.4% stake in the Gassled gas transportation system offshore Norway to Silex Gas, a wholly owned subsidiary of Allianz, it said on Wednesday.

8 June 2011
Project 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
Mergers & Acquisitions

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
Project 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
Project 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
Results

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
Mergers & Acquisitions

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
People

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
Mergers & Acquisitions

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
Mergers & Acquisitions

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
Project 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
Results

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
Mergers & Acquisitions

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
Mergers & Acquisitions

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
Mergers & Acquisitions

Tullow expands Jubilee stake

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

27 May 2011
Mergers & Acquisitions

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
Project 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
Results

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

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