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Project Finance

Lack of investment puts Australia’s east coast gas market at risk

Australian gas suppliers are delaying investment in exploration needed to stave off longer-term concerns about prices in the country’s east coast gas market, the ACCC has said.

19 December 2018
Mergers & Acquisitions

PNOC risks closure as it struggles with LNG terminal plans

PNOC could be closed or merged with subsidiaries if it continues to struggle to implement a proposed LNG terminal.

19 December 2018
Mergers & Acquisitions

BP buys Conoco stake in UK North Sea oilfield

ConocoPhillips has completed the sale of a subsidiary that holds a 16.5% stake in the Clair oilfield in the UK North Sea to BP.

19 December 2018
Results

Growing heating demand boosts Chinese LNG prices

The average ex-works price of LNG from Chinese wholesalers increased last week as growing heating-related demand prompted plants to raise their prices.

19 December 2018
Mergers & Acquisitions

PGNiG gains approval to buy stake in Tommeliten Alpha field

Poland’s PGNiG has obtained permission to buy a 42.38% share in the Tommeliten Alpha field offshore Norway from Equinor

18 December 2018
Companies

Golar to start work on FLNG vessel for Tortue/Ahmeyim

Golar LNG has been notified by BP subsidiaries that it can proceed with work to provide an FLNG vessel for the Tortue/Ahmeyim gas project in West Africa.

18 December 2018
Companies

CNOOC agrees to develop Chinese acreage with foreign companies

CNOOC has signed strategic cooperation agreements with nine foreign companies to develop acreage off the coast of southern China.

18 December 2018
Companies

BP and Sonangol reach agreement for further investments

BP has signed an agreement with Angola’s Sonangol that will allow it to make FIDs on several offshore blocks in the country.

18 December 2018
Project Finance

Romania receives €50 mln loan from EIB for Tuzla-Podisor link

Transgaz has received a €50 million loan from the EIB for the financing of the Tuzla-Podisor pipeline.

18 December 2018
Companies

Italian judge says Eni and Shell knew of Nigeria corruption

Eni and Shell were fully aware of corrupt payments to Nigerian officials, an Italian court has heard

17 December 2018
LNG bunkering in Rostock in Germany Companies

LNG bunkering is catching on in the Gulf

LNG exporters in the Gulf are hoping to crack the ‘chicken and egg’ issue of LNG bunkering in time for the IMO’s 2020 sulphur cap.

17 December 2018
Project Finance

Qatar to invest $20 bln in US

Qatar Petroleum is looking to invest at least $20 billion in the United States in the coming years

17 December 2018
Companies

SOCAR looking to enter Bulgaria’s gas distribution market

SOCAR is carrying out a detailed feasibility study for participating in Bulgaria’s gas distribution market.

17 December 2018
PetroChina pipeline work Mergers & Acquisitions

PetroChina streamlines gas sales amid competition

PetroChina is streamlining its gas sales businesses as last year’s shortages have seen third parties gaining market share in northern China.

17 December 2018
The port of Tema in Ghana Project Finance

WAGP seeks relevancy amid Ghana oversupply

Ghana's domestic gas discoveries have left the West African Gas Pipeline looking for customers.

17 December 2018
People

Nigeria’s government to sue Shell and Eni over OPL 245

Nigeria’s government has initiated proceedings to sue Shell and Eni for $1.1 billion over an allegedly corrupt deal for OPL 245.

14 December 2018
Companies

Cyberattack hits Saipem’s servers worldwide

Italian contractor Saipem was hit by a cyberattack on its computer servers on Monday, the company said in a press release.

14 December 2018
Companies

Pakistan's gas distribution companies face wrath of Khan

Pakistan’s Prime Minister Imran Khan has suspended the directors of SNGP and SSGC in response to gas shortages

14 December 2018
Malampaya deepwater gas-to-power project in the Philippines Project Finance

Philippines’ second LNG terminal looks excessive

EWC’s LNG terminal in the Philippines is being overlooked as the competition to build a second terminal intensifies.

14 December 2018
Companies

Manila Electric may join Tanglawan LNG project

Manila Electric Co. could join CNOOC and Phoenix Petroleum’s LNG terminal project in the Philippines.

13 December 2018

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