Author: William Powell
Statoil drops leases in the US Arctic
18 November 2015
Norway’s state-controlled oil producer has followed Shell out of the high-cost, high-risk Arctic, but downplays the extent of the costs it has incurred there
Singapore sees LNG price indices expanding
17 November 2015
Pushing the development of regional Asian LNG trade, Singapore is encouraging local price discovery
BG invests further $1.2bn in Australian gas outlets
16 November 2015
Queensland Gas Company has set up an agreement that will feed the company’s LNG export prospects down under
UK Premier sells Norwegian business for $120m
16 November 2015
Premier has quit Norway, selling assets to Det norske oljeselskap in a cash deal worth $120m
MOL spreads exploration and production risk
23 October 2015
The Hungarian MOL Group is spreading its upstream risk more evenly, balancing growth in the relatively stable North Sea
Norway completes Polarled line under budget
20 October 2015
Work on the 26.6bn cm/yr Polarled line is now done. It is the first pipeline on the Norwegian continental shelf to cross the Arctic Circle
Kazakhstan is the second worst country for investors, says Yergin
8 October 2015
Award winning author of The Prize, Daniel Yergin, says Kazakhstan needs to change what they're offering to secure investments
Gazprom signs long-term contracts with manufacturers
8 October 2015
Gazprom CEO Alexei Miller has signed long-term agreements with Russian equipment and pipeline manufacturers
ExxonMobil will only consider M&A if it adds value says CEO
8 October 2015
The market for upstream acquisitions is good with low asset values but chief executive Rex Tillerson said the company's criteria was unchanged
Total aims to cut assets by $10bn by 2017
30 September 2015
Almost a year in the job, Total’s new CEO has made cost-cutting and disposals his priorities as oil prices give little encouragement
Gazprom held auctions for winter gas delivery
22 September 2015
Only a third of the total on offer went, but it was a significant move for the Russian company
LNG reached an equilibrium as supplies keeps coming
21 September 2015
With the low price of LNG offering little incentive to producers to commit to more investment, the focus upstream has been more than ever on cutting costs, but project deferrals are hardly being discussed
Balfour Beatty bids $93m for UK Alkane
21 September 2015
A subsidiary of Balfour Beatty, Barbican Bidco, has made a £61.37mn ($93m) bid for AIM-listed UK gas and power producer Alkane
'The oil price will rise again', says IOGP chief
17 September 2015
Executive director of the IOGP, Michael Engell-Jensen, talks about what's next for the energy industry
UK group argues for tax cuts if low oil prices remain
10 September 2015
Many senior executives believe the oil price will remain low, resulting in calls for revisiting the government's tax policy
Russia and China strengthen energy ties
4 September 2015
Two agreements signed in Beijing 3 September serve to strengthen energy ties
Gazprom and BASF follow through with cash free swap
4 September 2015
BASF and Russian Gazprom plan to swap upstream assets in Russia for downstream assets in Europe
Eni to fast-track Egyptian gas field discovery
1 September 2015
Italian major Eni believes it has found a lean gas field off Egypt with 30 trillion cf of gas in place
UK OGA approves major gas field
1 September 2015
The Oil & Gas Authority has approved the £5.6bn ($8.57bn) development of the Culzean gas and condensate field
Gazprom exports less but earns more than 2014
1 September 2015
Despite weak European hub gas prices and less demand, Russia made more money from exports to Europe in the first half of this year than in the same period of 2014
KRG promises September payments to IOCs
28 August 2015
The Kurdistan Regional Council for Oil & Gas Affairs expects the first tranche of regular payments to be made available to IOCs in the first half of September 2015
Total sells UK midstream assets
27 August 2015
After the sudden drop in oil prices last year, Total is cutting costs to raise funds
Schlumberger pays $14.8bn for Cameron
26 August 2015
The oilfield service companies will merge as the transaction is completed in the first quarter of 2016
UK to offer 27 onshore blocks in 2015
18 August 2015
The country will start onshore shale oil and gas exploration as they plan to award 27 blocks from the 14th Onshore Oil and Gas Licensing Round this year
Cheniere Train 5 contracted to Total and Centrica
18 August 2015
Train 5’s capacity of 3.75m t/y has been contracted on a long-term FOB basis under sale and purchase agreements with the French major Total and Centrica
InterOil and Total agree LNG site
18 August 2015
The partners in the LNG project in Papua New Guinea have agreed the location for developing the Elk-Antelope gas field
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