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OMV to pay Gazprom $1 billion for stake in Siberian gas field

07 Jun 2019

OMV agreed on Friday to pay 905 million euros ($1 billion) to Russia’s Gazprom for a stake in a Siberian gas field, as part of the Austrian firm’s strategy to boost its gas business.

Pakistan to review TAPI project

13 Jul 2019

Pakistan and Turkmenistan experts are set to meet next month to review arrangements and finalise modalities for groundbreaking of Pakistan-section of TAPI gas pipeline, scheduled to be performed in Chaman in October 2019.

Equinor profit beats forecast

04 May 2019

Norwegian oil and gas firm Equinor reported on Friday a small fall in quarterly operating profit, beating forecasts, and said its giant Johan Sverdrup oilfield in the North Sea remains on track to start production in November. Earnings before interest and tax (EBIT),

Papua New Guinea minister resigns over vast gas contract

11 Apr 2019

Papua New Guinea’s finance minister resigned on Thursday, days after the country signed a multi-billion dollar gas contract with energy majors Total and ExxonMobil.

Russia’s $21 billion Arctic LNG project receives green signal

05 Sep 2019

The $21 billion Arctic liquefied natural gas (LNG)-2 project led by Russian private gas producer Novatek won a green light on Thursday, the latest in a raft of new projects aimed at meeting a likely doubling of LNG demand over the next 15 years.

Russian gas exports to southeast European nations decline in H1

06 Sep 2019

Russian gas exports to Turkey and eight other southeast European nations fell by more than a quarter in the first half of 2019 as cheaper liquefied natural gas (LNG) and new Azerbaijan (Azeri) supplies helped the region reduce reliance on Russia.

Taqa revenue grows 5 per cent at Dhs9b during first half of 2019

08 Aug 2019

The Abu Dhabi National Energy Company (Taqa) announced on Thursday its financial results and operational highlights for the six-month period ending June 30, 2019.

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