Results50 articles shown
Russia's Yamal LNG Signs $12B Of Loan Deals With Chinese Banks
Friday, April 29, 2016 Russia's Novatek-led Yamal LNG signs loan agreements with Chinese banks worth $10.6 billion and $1.5 billion, Yamal LNG says.
Ophir Ends Talks with Schlumberger over Fortuna LNG Project
Friday, April 29, 2016 Ophir Energy has ended talks with Schlumberger over the Fortuna LNG project, after the parties hit stumbling block on terms agreed in January.
Beach Energy Makes $31M in Annual Savings Through Merger with Drillsearch
Wednesday, April 27, 2016 Australia's Beach Energy reports further annual cost savings of $31 million through its merger with Drillsearch Energy.
Aker Solutions, ABB Team Up To Develop Subsea Production
Wednesday, April 27, 2016 Aker Solutions and ABB agree to team up to develop solutions that will "improve oil and gas production for the global energy industry," according to a statement from Aker.
Russia's Novatek Says Yamal LNG Unlikely To Get Chinese Loans In May
Tuesday, April 26, 2016 The Yamal LNG project is unlikely get loans from China next month says Leonid Mikhelson, the head of No.2 Russian gas producer Novatek.
Norway's Aker Seeks More Investments, Says Billionaire Owner Roekke
Friday, April 22, 2016 Aker expects to conduct more acquisitions and other transactions in coming years, according to the firm's top owner.
Russia's Novatek Says Yamal LNG Debt Financing Seen at $18-19B
Friday, April 22, 2016 Total debt financing of the Novatek-led Yamal LNG project is estimated at $18-19 billion, says Novatek's chief executive.
EGIS Secures Grant from OGA to Assist with North Sea Exploration
Thursday, April 21, 2016 The UK's Heriot-Watt School of Energy, Geoscience, Infrastructure & Society (EGIS) secures a $359,000 grant award from the Oil and Gas Authority to assist with exploration in the North Sea.
China's CNPC: Russia's Yamal LNG to get Loans of Around $10B
Thursday, April 21, 2016 Russia's Yamal LNG project will receive around $10 billion in loans from Chinese banks in May, according to an official at China National Petroleum Corp.
Kazakh Kazmunaygaz Says May Borrow to Fund Upstream Subsidiary Buyout
Thursday, April 21, 2016 Kazmunaygaz may raise new debt to finance the buyout of minority shareholders of its upstream subsidiary KMG EP in a deal worth about $1 billion, according to its managing director.
ITF JIP Enters Trial Phase with Support from Total, BP, Shell, Chevron
Wednesday, April 20, 2016 A joint industry project established through The Industry Technology Facilitator (ITF) has entered a trial phase with the support of oil and gas operators.
Halliburton Is Said to Face EU Objections to Baker Hughes Deal
Wednesday, April 20, 2016 Halliburton's troubled bid to buy oil-services rival Baker Hughes faces a formal complaint from European Union regulators as soon as this month, adding to a court fight with US antitrust officials.
Norway's PM Urges HHI to Continue Cooperation with Norwegian Partners
Monday, April 18, 2016 Norway's Prime Minister Erna Solberg urges South Korea's shipyard Hyundai Heavy Industries to continue cooperation with partners in her country for mutual growth.
New Guinea Energy Acquires Stake in Karoon Gas Australia
Monday, April 18, 2016 Papua New Guinea-focused New Guinea Energy acquires a $2.72 million percent stake in Karoon Gas Australia.
Hurricane Energy Finds New Investor to Finance North Sea Exploration
Monday, April 18, 2016 Hurricane Energy finds a new investor in private equity fund manager Kerogen Capital, which is injecting $62 million into the company for a nearly 30% stake.
Sunny Hill: Petroceltic Takeover Offer Lapses
Friday, April 15, 2016 An all cash offer by Sunny Hill Limited to acquire the entire issued and to be issued share capital of Petroceltic International plc lapses due to insufficient support.
Beach Energy to Withdraw from the JV for BMG Gas Fields Off Gippsland
Friday, April 15, 2016 Beach Energy reveals plans to withdraw from the joint venture for the Basker, Manta and Gummy gas fields offshore Gippsland, Australia.
Putin: Russia Seeking Strategic Investor to Buy Rosneft Stake
Thursday, April 14, 2016 President Vladimir Putin says Russian government wants a strategic investor to buy a 19 percent stake in Rosneft as part of privatization plan.
Singapore-based Navig8 to Acquire African-Focused OSV Provider RKOffshore
Wednesday, April 13, 2016 Singapore-based Navig8 Group signs agreement to acquire RKOffshore Management.
Russia's Bashneft Mulls Secondary Public Offering of 10%
Tuesday, April 12, 2016 Bashneft, expected to be privatized later this year, is considering a secondary public offering of 10% of its shares, according to the company's chief executive Alexander Korsik.
EU Regulators Resume Scrutiny of Halliburton, Baker Hughes Deal
Tuesday, April 12, 2016 EU competition regulators resume their scrutiny of US oil industry services group Halliburton's plan to acquire smaller rival Baker Hughes.
Iran, India Sign MoU to Develop Oil, Gas Projects
Monday, April 11, 2016 Iran and India sign a memorandum of understanding to develop oil and gas projects, according to Iranian Petroleum Minister Bijan Zangeneh.
EOR's Unit Plans to Buy Stake in Indonesia's Wain Block Operator Pandawa
Monday, April 11, 2016 Enhanced Oil & Recovery's unit plans to acquire a stake in P.T. Pandawa Prima Lestari, the operator of the Wain Block in Kutai Basin, East Kalimantan, Indonesia.
Woodside, KOGAS Ink MoU to Extend Partnership
Monday, April 11, 2016 Woodside and Korean Gas ink a memorandum of understanding to extend their partnership.
GE's Oil Unit Seen Finding 'Missing Piece' with Baker Hughes
Friday, April 08, 2016 General Electric Co. could become one of the top players in the oil services and equipment industry if it decides to bid for Baker Hughes Inc.
Wood Group Acquires Ingenious Inc
Friday, April 08, 2016 John Wood Group plc acquires Ingenious Inc., an engineering software and consulting services company that serves the oil and gas industry.
Tullow Kudu Stays on as JV Partner in Namibian Offshore License PEL 37
Friday, April 08, 2016 Tullow Oil's subsidiary Tullow Kudu stays on as a partner in license PEL 37 offshore Namibia.
Novatek-led Yamal LNG Agrees on $4.1B Loan from Russian Banks
Thursday, April 07, 2016 Russia's Novatek-led Yamal LNG project agrees on the terms of a $4.11 billion loan from Sberbank and Gazprombank.
Solo Oil Raises Additional Funding to Help Kiliwani Acquisition
Thursday, April 07, 2016 Solo Oil raises $1.12 million, which will be used to help the firm fund a 10% acquisition of the Kiliwani North Field in Tanzania.
Petroceltic Board Recommends Shareholders Accept Buyout Offer
Wednesday, April 06, 2016 The board of directors of Irish oil producer Petroceltic recommends that shareholders accept an all-cash offer from investor Worldview Capital Management.
Halliburton Sued by US Seeking to Block Baker Hughes Deal
Wednesday, April 06, 2016 Halliburton was sued by US antitrust officials who say its planned takeover of rival oil-services firm Baker Hughes threatens competition and should be blocked.
Wood Group Acquires Australia's SVT Engineering Consultants
Wednesday, April 06, 2016 Wood Group acquires Australia-based SVT Engineering Consultants.
Sberbank Exec: Foreign Banks Aren't Involved in Bashneft Privatization
Tuesday, April 05, 2016 Foreign banks are not involved in the privatization of oil company Bashneft, says a senior executive of Russian bank Sberbank.
Mintlaw Academy Wins Scottish Heat of International ROV Competition
Monday, April 04, 2016 Mintlaw Academy wins the Scottish regional heat of the 2016 MATE international ROV competition, booking its place in the final of the event.
Tullow Gets More Time to Decide on Participation in Namibian PEL 0037 JV
Monday, April 04, 2016 Pancontinental extends time for Tullow Oil to decide on its future participation in the Namibian PEL 0037 joint venture off West Africa.
EMAS Chiyoda Subsea Commences Business Ops
Friday, April 01, 2016 Chiyoda completes its investment in Ezra's subsea business to form EMAS Chiyoda Subsea as part of business expansion.
BP, CNPC Sign First PSC for Shale Gas Exploration in China
Thursday, March 31, 2016 BP and China National Petroleum Corporation sign the first production sharing contract for shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan Basin, China.
Bahrain's Nogaholding Secures $570 Million Islamic Loan
Wednesday, March 30, 2016 Nogaholding reveals that it has obtained a 5-year, $570 million murabaha financing facility.
Bourbon Diversifies Into Mid-Stream Gas As Low Oil Bites
Tuesday, March 29, 2016 Oil services company Bourbon says it will pay $320 million to buy gas transport activities from Jaccar Holdings to reduce its dependence on the "very difficult" offshore services market.
Cadogan Confirms Interest in Ascent Resources
Tuesday, March 29, 2016 Cadogan Petroleum plc confirms that it has made a "highly preliminary approach" regarding a possible combination with Ascent Resources plc.
China's ENN Buys $750M Stake In Australia's Santos
Thursday, March 24, 2016 Chinese private gas distributor ENN is set to become the top shareholder in Australia's Santos Ltd after agreeing to buy an 11.7 percent stake for $750 million from Hony Capital, in a push to get into gas production.
Japan's JBIC, Banks to Loan $900M for Sakhalin-1 Project
Wednesday, March 23, 2016 JBIC signs a loan agreement with Japan's Sodeco for up to $450 million to help finance development of the Sakhalin-1 project's Odoptu field stage-2 program in Russia's Far East.
Russia's TMK to Sell 44M Additional Shares in VTB Deal
Tuesday, March 22, 2016 TMK, Russia's largest maker of steel pipes for the oil and gas industry, says it will sell 44 million additional shares as part of a financing deal with VTB bank.
Rosneft's $25B Debt Seen Rising after Essar Deal
Monday, March 21, 2016 The debts of Russia's top oil producer Rosneft are likely to rise as a result of its plan to buy a non-controlling stake in Indian oil refiner Essar Oil, says Moody's credit ratings agency.
China's Geo-Jade Petroleum Acquires Canada's Bankers Petroleum for $440M
Monday, March 21, 2016 China's Geo-Jade Petroleum inks deal to acquire Canada's Bankers Petroleum for $440.4 million.
EU Stops Halliburton, Baker Hughes Deal Probe Again, Wants More Info
Monday, March 21, 2016 Halliburton's plan to acquire Baker Hughes faces more delay after European Union antitrust regulators halt their investigation into the $35 billion deal for the second time.
Halliburton-Baker Hughes Stalled a Third Time by EU
Monday, March 21, 2016 Halliburton's bid to buy oil-services rival Baker Hughes was stalled for a third time by the European Union as the companies continue to face regulatory hurdles on both sides of the Atlantic.
TransCanada To Buy Columbia Pipeline Group For $10.2B
Friday, March 18, 2016 TransCanada agrees to buy Columbia Pipeline Group for $10.2 billion, expanding its reach in the US natural gas market.
India's ONGC Eyes Tie-up With Foreign Service Providers To Boost Output
Thursday, March 17, 2016 Oil and Natural Gas Corp. plans to enter into partnerships with overseas oilfield service providers to boost output from ageing oil and gas fields, its chairman says.
Singapore-listed Rex International Holding Ups Stake in Oman's Masirah Oil
Thursday, March 17, 2016 Singapore-listed Rex International Holding raises its stake in Oman's Masirah Oil to 72.03 percent after a capital injection of $5.6 million.
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