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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.

    China allows foreign firms to explore, produce oil and gas

    09 Jan 2020

    China is implementing drastic changes in its oil and gas sector policy. Beijing will for the first time allow foreign companies to explore and produce oil and gas in the country. It opens up the industry to firms other than state-run energy giants as Beijing looks to boost domestic energy resources.

    Sinopec to review $16 billion gas deal

    19 Jan 2020

    China’s Sinopec, expected to be the next major Chinese buyer of US liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices.

    No impact on operations due to coronavirus: Dana Gas

    02 Mar 2020

    Dana Gas has robust operations and cash flows since a large part of the company’s revenue comes from long-term gas contracts rather than oil, whose price is largely uncorrelated to oil.

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