Oil industry must adapt to market changes: BP

February 21, 2018 0

Basic market fundamentals such as the balance between supply and demand will always challenge the oil industry, but a current big challenge companies are facing is the transition to a low-carbon economy, Bob Dudley, CEO of BP said Tuesday.

[…]

AVANGRID selling gas storage business

February 20, 2018 0

AVANGRID announced last week its Avangrid Renewables Holdings unit is selling Enstor Gas, AVANGRID’s gas storage business operator, to Amphora Gas Storage USA, an affiliate of private equity firm ArcLight Capital Partners.

[…]

Novatek wins bid for Alrosa’s gas assets

February 20, 2018 0

Russia’s Novatek will pay diamond mining firm Alrosa some 30.3 billion roubles ($540 million) for the 100% acquisition of two companies, which together own areas estimated to hold resources of 1.08 billion barrels of oil equivalent (BBOE).

[…]

Eni’s production to grow by 3% in 2018

February 20, 2018 0

Italian oil major Eni expects its oil and gas production to grow by 3% this year, thanks to ramp-ups mainly in Egypt, Angola and Indonesia and a number of satellites phases start-ups at giant producing fields in Libya, Angola and Ghana, Kallanish Energy learns.

[…]

Gazprom to refuel LNG-powered locomotives

February 19, 2018 0

Russian largest gas producer, Gazprom, will build two small-scale liquefied natural gas (LNG) production facilities at local gas distribution stations to refuel LNG-powered locomotives and shunters, Kallanish Energy learns from the company. 

[…]

Iran to hold $5B in O&G tenders in 2018

February 16, 2018 0

National Iranian Oil Company (NIOC) is planning to hold a number of tenders this year, aimed at developing oil and gas projects worth $5 billion, managing director Ali Kardor said on Wednesday.

[…]

Russia-China fund eyes Aramco IPO: Russian exec.

February 15, 2018 0

Russian banks and a Russian-Chinese investment fund are interested to invest in what could be the largest initial public offering in recent times, the Saudi Aramco’s floating of shares, a Russian senior executive said Wednesday.

[…]

1 2 3 174