Companies & Finance

E.On’s Datteln coal-fired power plant. The company is losing market share to renewables. (E.On) Results

E.On’s change in strategy is too little, too late

The German giant’s massive restructuring plan is a desperate attempt to stave off disaster in the face of a rapidly changing energy landscape.

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Approximately 20% of the Greater Sunrise fields lie in a joint development area between East Timor and Australia. Mergers & Acquisitions

East Timor ready to buy Sunrise stake to keep it onshore

The Timorese government has offered to buy Woodside Energy’s stake in the Greater Sunrise fields to make sure an LNG plant is built onshore.

The Gladstone LNG plant. Santos is considering selling the pipeline that ships gas from the plant. (Santos) Mergers & Acquisitions

East Oz pipelines for sale as LNG plants start up

Santos and Origin are expected to follow BG Group in selling pipelines connected to their Queensland LNG plants to reduce their capital exposure amid low commodity prices.

Petronas’s LNG projects in the Pacific. Project Finance

Malaysia’s Petronas unwavering in its LNG ambitions

Malaysia’s oil and gas giant is preparing to cut spending over the next two years, but LNG appears to be off the table.

Encana announced a $700 million reduction in its 2015 capital budget. (Encana) Project Finance

North American companies make further cuts

With oil and gas prices refusing to make a significant recovery, companies in North America are expected to make big cuts to their 2015 capex plans.

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