Latest News

Latest Oil & Gas News

  • Ancala Midstream appoints new CFO and COO

    Ancala Midstream, the Aberdeen-based investor in North Sea oil and gas infrastructure assets, has appointed Eric Marston as chief operating office and Nick Harrison as chief financial officer

  • EXCLUSIVE Panama LNG-to-power stake up for sale

    LNG Group Panama, through its subsidiary Panama NG Power, is looking to sell its majority stake in an LNG-to-power project that has been in development for over six years

  • Petrobras charters FPSO from Modec

    Modec has signed an agreement with Mitsui, Mitsui OSK Lines, and Marubeni to invest in a long-term charter business to provide a floating production, storage and offloading system to the Brazilian state-controlled Petrobras

  • PXP Energy in talks with Chevron to acquire Malampaya stake

    Filipino upstream gas company PXP Energy is in talks to acquire Chevron’s 45% stake in the Malampaya gas project. At the same time, PXP Energy has submitted an unsolicited proposal to develop an integrated gas hub in Malampaya

  • EXCLUSIVE Neptune IPO begins to take shape

    Private equity-backed oil and gas firm Neptune Energy is planning an IPO by April of next year and has hired a legal adviser to structure the firm before hitting the market

  • Ithaca Energy completes North Sea acquisition

    Israeli exploration and production oil company Delek Group’s subsidiary Ithaca Energy has reached financial close on its acquisition of Chevron’s North Sea oil fields for $2 billion

  • Texas Teachers commits to three managers

    Teacher Retirement System of Texas has signed off a total of $600 million of capital commitments into energy, natural resources and infrastructure

  • Argentina's Vaca Muerta pipeline postponed

    The procurement process for the construction of the Vaca Muerta pipeline, in Argentina, was postponed and will be held only after the new government takes power

  • Spirit Energy up for sale

    Centrica and Stadtwerke Muenchen Group have reportedly launched the sale of Spirit Energy, sending teasers to prospective buyers

  • GIC and BlackRock team up to buy Kellas Midstream

    A joint venture between Singapore sovereign wealth fund GIC and global investment manager BlackRock is to acquire Kellas Midstream from a fund managed by Antin Infrastructure Partners

  • Gujarat approves Foresight's Bhavnagar gas terminal

    The Gujarat Infrastructure Development Board has approved UK-based infrastructure investor Foresight and Indian conglomerate Padmanabh Mafatlal’s compressed natural gas terminal in Bhavnagar

  • IOCs stay away of Brazil's oil auction

    Though 17 companies qualified to make offers, only one area was awarded in Brazil’s sixth oil and gas bidding round under the production sharing agreement

  • FA mandated for NSW LNG import terminal

    South Korea-based EPIK Co. has mandated Australia and New Zealand Banking Group as financial adviser for the proposed A$589 million LNG import terminal at Kooragang Island in the Port of Newcastle, New South Wales

  • Inpex picks site for Masela onshore LNG plant

    Japanese oil developer Inpex is proposing Yamdena island in Indonesia as the site for its onshore refinery plant which will source LNG from the Masela gas block

  • Frustration at Brazil's oil and gas auction

    Brazil's transfer of rights surplus bidding round anticipated to award four oil and gas areas in the Santos Basin, but the auction ended with only two areas awarded with state-controlled Petrobras doing most of the heavy lifting while other major oil and gas companies kept their distance