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Results

US shale to drive BHP’s liquids production through 2015

BHP Billiton is banking on shale gas assets in the United States – acquired through the takeover of Petrohawk Energy and Chesapeake Energy in 2011 – to significantly boost onshore liquids production by the end of 2015, the mining major said at the presentation of its 2011 half-year results on Wednesday.

8 February 2012
Companies

Novatek, Tyumen region conclude cooperation agreement until 2015

Russian gas major Novatek and the government of the Tyumen region have concluded a cooperation agreement for 2012-2015, the company said in a press release.

8 February 2012
Results

Plains sales rise

United States independent Plains saw its oil and gas sales rise by 12% over 2010, to 98,950 boe/d, driven in part by volumes from the Haynesville and Eagle Ford shales.

8 February 2012
People

Encana Executive VP resigns

Encana Executive Vice-President and President of the firm’s Canada division Mike Graham has resigned.

8 February 2012
Results

Low prices shift Anadarko focus from US

Anadarko is surviving low gas prices by not investing in gas drilling. But it plans major gas investment offshore Mozambique.

8 February 2012
Companies

CNPC sets ambitious gas output targets for 2012

China National Petroleum Corp. (CNPC), the country's largest oil and gas producer, plans to increase gas production for 2012 to between 79.3 and 82.1 billion cubic metres from domestic resources, CNP

7 February 2012
Results

Loss for Anadarko

US firm Anadarko lost $2.65 billion in 2011, mainly due to a $4 billion payment to BP for the independent’s share of expenses from the Macondo oil spill in the Gulf of Mexico, in which it holds a 25% stake.

7 February 2012
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

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