Finance
ExxonMobil to quit West Qurna-1 services agreement
18 October 2012
US supermajor shuns south in favour of Kurdistan contracts
Murphy latest US firm to disintegrate amid downstream shift
18 October 2012
Murphy Oil’s decision to hive off its refining business is the latest and surest sign of an ongoing structural shift in the US downstream
BP gains $2.5bn for Texas City refinery
9 October 2012
The sale of the refinery will bring the UK supermajor closer to meeting targets
It’s time for Big Oil to make up its mind on financial transparency
26 September 2012
The SEC has adopted wide-ranging transparency regulations in a bid to end corruption. The EU is taking steps to adopt similar rules. It is now time for energy sector leaders to fully embrace financial transparency, not hold it up
Canada's Encana clears itself of collusion charges
11 September 2012
Canada’s largest natural gas producer Encana has cleared itself in an internal investigation over allegations that it colluded with Chesapeake Energy in US land purchases, but still faces a potentially costly federal anti-trust investigation over the matter
BP nears Macondo fund total with $5.5bn Plains deal
11 September 2012
BP edges closer to divestment target with the sale of Plains Exploration for $5.5bn
BP far from beyond problems over two years after Macondo
30 August 2012
BP is still grappling with the consequences of Macondo, two-and-a-half years after the disaster. And, as NJ Watson finds out, there may be more difficulties ahead for UK supermajor as it puts its stake in TNK-BP on the block
BHP takes $2.8bn write-down hit on shale assets
9 August 2012
BHP Billiton has been forced to take a $2.84 billion write-down against the value of its US shale assets as the US gas glut continues to dent balance sheets across the industry
Volatile markets batter majors' numbers, especially BP
1 August 2012
Volatile oil and gas prices dented earnings for the industry’s major players in the second quarter, with British supermajor BP reporting the worst of a set of disappointing results
Chinese oil seeks to expand influence with investment
25 July 2012
Firms seize opportunities to continue their global investment drive during the global downturn
North Sea deal gives CNOOC a supporting role in global oil trade
25 July 2012
Chinese pair stake claim on almost 10% of UK production
Enbridge to be fined $3.7m for 2010 Michigan oil spill
5 July 2012
Canada’s Enbridge has been handed the largest fine ever levied by the US government’s pipeline regulator following a 2010 oil spill in Michigan
Gazprom and E.On agree oil-link contract change
3 July 2012
German utility drops arbitration claim against Russian exporter
Talisman seals Malaysia production sharing contract
27 June 2012
Malaysia has handed Canadian independent Talisman Energy a progressive, volume-based production sharing contract (PSC) as part of the state-run producer’s renewed push to invigorate its upstream sector
Gazprom sees amicable end to gas contract row
20 June 2012
Arbitration filed against Russian exporter by European utilities are expected to end “amicably”
Inpex spends on upstream and LNG to shore up supply security
11 June 2012
Japanese energy player Inpex is keeping an eye on the future as it invests in foreign upstream developments, chief executive Toshiaki Kitamura tells Kwok W Wan in an exclusive interview
GDF Suez is eyeing up lucrative markets
7 June 2012
France's GDF Suez is tidying up its business, with an eye on more lucrative markets elsewhere
Origin Energy APLNG secures $8.5bn in debt financing
29 May 2012
The Australia Pacific Liquefied Natural Gas venture has gained debt financing from export credit agencies and commercial banks
A two-track energy business
18 May 2012
There’s a growing divide between big firms and smaller players in the oil and gas sector, and nowhere is that gap more evident than in access to finance
Creating competitive fiscal terms for oil and gas projects
18 May 2012
The structure of fiscal terms has a significant impact on the investor favourability of hydrocarbons projects
ConocoPhillips to withdraw from Nigeria to help profits
16 May 2012
The upstream company has sold assets to increase profitability
Falling gas prices might burst Chesapeake’s bubble
12 March 2012
Chesapeake Energy was a pioneer of the US unconventionals rush, but as gas prices continue to plunge, the firm’s position looks increasingly difficult
ConocoPhillips says farewells to Vietnam with sale to Perenco
8 March 2012
US supermajor exits country with $1.29bn sale to Perenco
Foreign exchange losses hit Encana’s bottom line
21 October 2011
Encana, Canada’s largest natural gas producer, posted sharply lower third quarter profits this week, a result of foreign exchange losses rather than low gas prices
Petrobras set fair despite global storm clouds
12 October 2011
Petrobras chief executive Jose Sergio Gabrielli shrugged off talk that global economic uncertainty could derail the company’s ambitious plans to develop Brazil’s pre-salt play, saying the slowdown in the Brazilian firm’s investment programme had nothing to do with macroeconomics
Rosneft's ambitious production targets
11 October 2011
Overseas expansion and ambitious oil-production targets require huge investment from Russia’s national oil company, but can it afford it?