Natural Gas Companies and Finance
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Shell’s new Chief Executive Ben van Beurden faces a tough task when he takes over from Peter Voser. Interfax considers what’s likely to be waiting in his in-tray
Latest Companies and Finance News
- Gas Natural set to weather Spanish storm
- PetroChina set for windfall from price reforms – Bernstein
- India’s KG-D6 output still falling, dragging Reliance’s results
- CR Power shareholders quash merger with sister company
- Polish shale developer closes new $100 million package
- Apache sells off $3.75 billion in Gulf of Mexico assets
- Chinese player to raise funds for pipeline network
Gazprom had a tough month in June. Putin announced that LNG exports will be gradually liberalised, while arbitration involving RWE forced more retroactive payments. But are these just temporary setbacks or evidence of a longer-term malaise?
Mergers & Acquisitions
Rosneft’s Itera consolidation threatens Novatek
Rosneft’s consolidation of Itera affirms its strategy of becoming a leading gas player. The company has said it wishes to become Russia’s second-largest gas producer, implying it means to overtake Novatek.
Companies and Finance
PetroChina soldiers on despite debt burden
A rising debt load, narrowing profit margins and a major capital expenditure programme have pushed free cash flow at China’s largest oil and natural gas producer into negative territory.
