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Eni completes sale of 25% interest in Mozambique Area 4

Eni completes sale of 25% interest in Mozambique Area 4

December 14, 2017 No Comments

Eni has completed the sale of a 25 percent indirect interest in the natural gas-rich Area 4 of the Rovuma Basin to ExxonMobil Development Africa B.V. (“ExxonMobil”). The terms of the sale, agreed in March 2017, include a payment of $2.8 billion subject to a contractual adjustment until the date of closing. Eni East Africa, […]

ExxonMobil Completes LNG Acquisition in Mozambique

ExxonMobil Completes LNG Acquisition in Mozambique

December 13, 2017 No Comments

ExxonMobil announced today the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations. ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities, while Eni will continue to […]

EDF Trading Appoints Head Of Power & Gas Flow Trading, Europe

EDF Trading Appoints Head Of Power & Gas Flow Trading, Europe

December 7, 2017 No Comments

EDF Trading, a wholly-owned subsidiary of EDF S.A., announced the appointment of Carsten Sterz as its Head of Power and Gas Flow Trading, Europe. This is a new position which is based in London. Sterz joined EDF Trading on 1st December and reports to Marcello Romano, Head of Trading, Europe. Sterz will be responsible for […]

Hess Announces Quarterly Cash Dividend on Preferred Stock

Hess Announces Quarterly Cash Dividend on Preferred Stock

December 7, 2017 No Comments

The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on February 1, […]

DEA signs Memorandum of Understanding in Algeria

DEA signs Memorandum of Understanding in Algeria

December 6, 2017 No Comments

DEA Deutsche Erdoel AG and the Algerian state company SONATRACH have signed a Memorandum of Understanding (MoU). The MoU aims at strengthening ‎the cooperation between the two companies and defines the framework for DEA’s potential participation in additional upstream projects in Algeria.  The agreement was signed by SONATRACH’s Upstream Vice President Salah Mekmouche and DEA’s […]

OMV completes acquisition of interest in Yuzhno Russkoye gas field

OMV completes acquisition of interest in Yuzhno Russkoye gas field

December 4, 2017 No Comments

OMV, the international integrated oil and gas company based in Vienna, has completed the acquisition of a 24.99% share in the Yuzhno Russkoye natural gas field located in Western Siberia from Uniper SE following fulfillment of all closing conditions including regulatory and co-shareholder approvals. The purchase price paid by OMV to Uniper amounts to EUR […]

Shell updates company strategy and financial outlook

Shell updates company strategy and financial outlook

November 28, 2017 No Comments

Scrip dividend programme to be cancelled with effect from the fourth quarter 2017 dividend.  Annual organic free cash flow outlook increased to $25 to $30 billion by 2020, at $60 per barrel (real terms 2016)  Company sets ambition to reduce the net carbon footprint of its energy products in step with society’s drive […]

Energy companies commit to reduce methane emissions within natural gas industry

Energy companies commit to reduce methane emissions within natural gas industry

November 22, 2017 No Comments

BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall today committed to further reduce methane emissions from the natural gas assets they operate around the world. The energy companies also agreed to encourage others across the natural gas value chain – from production to the final consumer – to do the same. The commitment was […]

IEA’s World Energy Outlook 2017

IEA’s World Energy Outlook 2017

November 16, 2017 No Comments

The resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to the World Energy Outlook 2017. A cleaner and more diversified energy mix in China is […]

CNPC signs strategic cooperation agreement with NOVATEK

CNPC signs strategic cooperation agreement with NOVATEK

November 9, 2017 No Comments

On November 1, witnessed by Chinese Premier Li Keqiang and Russian Prime Minister Dmitry Medvedev, a strategic cooperation agreement between CNPC and NOVATEK was signed by Wang Yilin, Chairman of CNPC, and Leonid Mikhelson, Chairman of Management Board of PAO NOVATEK. Under the agreement, the two companies will continue to closely cooperate in the Yamal […]

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