Driven by a 10GW solar farm located on a cattle station half way between Alice Springs…
Oil & Gas – Business & Finance
Exxon withdrawal and CEFC chief’s fall from grace double whammy for Rosneft
In what can without exaggeration be described as a bad day at the office, Rosneft was…
International consortium signs up to super-deep Caspian drilling project
An international consortium involving Chinese, Italian, Californian, Azeri and Kazakh companies has agreed to drill for…
Exxon in bid to resume Russian JV
Exxon Mobil has applied to the Treasury Department for a waiver from US sanctions on Russia in…
Vitol and NIOC pre-empt Trump with $1bn pre-finance Iranian oil deal
Vitol, the world’s largest oil trader, has agreed to provide the National Iranian Oil Company (NIOC)…
Italian regulators probe finances behind Glencore-Rosneft deal
Financial regulators in Rome are examining whether Intesa Sanpaolo’s financing of Glencore‘s recent investment in Russian…
Putin celebrates as Qatar wealth fund and Glencore buy $11bn Rosneft stake
Russian President Vladimir Putin took to the TV airways yesterday to celebrate the news that the…
Total boss hoping to unlock $27bn Yamal LNG funding by year end
Yamal LNG: Total CEO Patrick Pouyanne expects to be able unblock the $27bn worth of funding that it has put…
Rosneft to invest £14bn in Venezuelan oil and gas sector
Rosneft has agreed to invest $14bn in the Venezuelan oil and gas sector, the country’s President Nicolas…
BG acquisition may force Shell to sell stake in Karachaganak
Karachaganak: Royal Dutch Shell’s forthcoming acquisition of the BG Group exploration company may trigger the forced sale…
Iran considers buying equity stake in TANAP pipeline
Iran is considering buying a stake in the TANAP Trans Anatolian Pipeline which is being built to…
Chinese banks agree to lend Yamal LNG JV 50% of plant construction costs
Yamal LNG: Chinese banks have signed an agreement to extend $13.5bn of credit towards the construction of…
UK gives Fridman six months to sell North Sea assets
The UK government has given Mikhail Fridman six months to sell the dozen North Sea oil and…
Russia to advance Greece €5bn against Turkish Stream profits
Russia to advance Greece €5bn: According to reports on Germany’s Spiegel Online website, Russia is planning to…
Russia may lend Greece cost of Turkish Stream extension
Turkish Stream extension: Russia is considering lending Greece the funds to build an extension to the Turkish…
Uzbekneftegaz launches $7.1bn energy program
Uzbekneftegaz, Uzbekistan’s state-owned oil and gas concern, is to spend over $7bn this year on 39…
Total turns to China for Yamal LNG funding
Total turns to China: The CEO of French oil & gas giant Total Patrick Pouyanné has…
Ukraine to borrow $1bn for natural gas reserve
Ukraine to borrow $1bn for natural gas reserve: Ukraine is planning to borrow $1bn to establish a strategic reserve…
Egypt and Gazprom close to signing LNG deal
Egypt and Gazprom: Egyptian officials are close to finalising a deal with Russia’s Gazprom for the…
Gazprom postpones IPO as Q3 EBITDA drops by 40%
Gazprom postpones IPO: Ahead of a series of presentations to potential investors in Hong Kong and…
Sliding oil prices cost investors $393bn since June, Bloomberg calculates
Sliding oil prices have wiped $ 393bn off the shares of 76 companies in the Bloomberg Intelligence North…
Russia to switch off Ukrainian pipeline by 2020, warns Miller
Russia to switch off Ukrainian pipeline: Gazprom President Alexi Miller this week gave notice that Russia is…
Schlumberger to spend $1.7bn on minority stake in EDC
The US oilfield services firm Schlumberger has announced that it is to buy a 45.65% stake in…