Companies & Finance
Project Finance Mozambique makes its picks in gas tender
Mozambique has selected Shell and Yara to develop giant GTL and fertiliser projects in Cabo Delgado.
Mergers & Acquisitions China’s NOCs tipped for more M&A; activity in 2017
Recovering oil prices should provide breathing space for China’s battered oil majors and could allow them to make acquisitions for future growth.
EU signs €65 mln grant to boost Zambia’s access to power
The EU has signed a €65 million grant for Zambia to help provide access to electricity for economically disadvantaged areas.
19 January 2017UK Export Finance to back Ghana gas
The UK’s export credit agency, UK Export Finance, has provided a loan to Ghana to develop the country’s offshore gas fields.
19 January 2017Iran preparing Shell’s Kish field contract – source
Iran is rumoured to be lining up the contract for Shell to develop the Kish gas field.
19 January 2017WorleyParsons wins EPC contract for Pearl GTL
Shell has awarded a five-year EPC contract to WorleyParsons for the Pearl GTL plant in Qatar.
19 January 2017Park Place Energy completes Turkish asset acquisition
Park Place Energy has completed its acquisition of three oil and gas exploration and production companies operating in Turkey.
19 January 2017
EGAS bypassed in Egypt’s market liberalisation plans
New legislation aimed at opening up the Egyptian gas market will allow private companies to import and distribute gas.
19 January 2017VTB loaned $11 bln to QIA and Glencore before Rosneft stake sale
Russian state-owned bank VTB lent over $11 billion to Qatar and Glencore four days after they bought a stake in Russian state oil firm Rosneft for the same amount of money.
18 January 2017Pertamina planning $54 bln upstream investment bonanza
Indonesia’s Pertamina plans to invest $54 billion in upstream production by 2025 to raise its oil, gas and geothermal output by 185%.
18 January 2017Indian ministers assure landowners on Kochi LNG pipeline route
Indian farmers and landowners have been assured by six state ministers that a gas pipeline being built by Gail in Tamil Nadu will not cut across their agricultural land.
17 January 2017Eskom restores power to some areas in South Africa
South Africa’s state-owned power utility, Eskom, has stopped imposing power cuts on some of the country’s municipalities that have failed to pay their bills.
17 January 2017Azerbaijan signs loan deal with World Bank for TANAP
Azerbaijan’s government signed an agreement with the World Bank in Baku on Monday for a loan of $400 million to build the Trans-Anatolian Gas Pipeline.
17 January 2017YPF signs deal with YPFB to explore Charagua
Argentina’s state-controlled giant YPF has signed an agreement with its Bolivian counterpart, YPFB, to explore for gas in the highly prospective Charagua block.
17 January 2017Jefferies raises Eni share rating to ‘buy’
Investment bank Jefferies has raised its rating for shares in Italy’s Eni from ’hold‘ to ’buy‘ and brought the oil and gas company’s target price up to €18.00 per share.
17 January 2017Independent Oil & Gas signs MOU for disused North Sea pipeline
UK development and production company Independent Oil & Gas has signed an MOU to acquire a disused pipeline in the southern North Sea.
17 January 2017Petronet planning $3 bln overseas expansion
India’s Petronet plans to spend $3 billion to expand overseas, including building LNG terminals in Sri Lanka and Bangladesh in addition to a small-scale LNG facility in the Andaman Islands.
17 January 2017ElectroGas Malta gives LNG terminal contract to Reganosa
ElectroGas Malta has awarded Spanish transmission system operator Reganosa the contract to operate and maintain Malta’s Delimara regasification plant.
17 January 2017Anadarko sells Eagle Ford shale assets to Sanchez and Blackstone
Houston-based Anadarko Petroleum has agreed to sell its South Texas Eagle Ford shale assets to Sanchez Energy Corp and Blackstone Group for $2.3 billion.
16 January 2017RGPPL to separate gas and power businesses
India’s Ratnagiri Gas and Power Pvt Ltd. (RGPPL) is planning to spin off its gas and power businesses into separate entities
16 January 2017Exxon developing Vietnam’s Blue Whale project
ExxonMobil has signed two agreements with PetroVietnam and its subsidiaries to develop of the Blue Whale gas project offshore Vietnam.
16 January 2017Crescent plans move into Iraq and North Africa
Crescent Petroleum is planning to invest in Iraq and North Africa, Majid Jafar, the company’s chief executive, has said.
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