Mozambique, Equatorial Guinea and Cameroon are all looking at floating LNG export projects as potential ways to bring their natural gas reserves to market. “But the Cameroonian Floating LNG project, announced on Christmas Day 2014 as a three way Heads of Agreement (the HOA) between Golar LNG Ltd (Golar) Societe Nationale de Hydrocarbures (SNH) and… Keep reading →
MarketWatch has compiled a list of hedge funds’ top ten energy stocks as of the end of June. On the list are Anadarko – which yesterday announced the sale of 10% of Mozambique Offshore Area 1 to India’s ONGC for $2.64 bln – as well as Occidental, Hess, and oilfield services firms Schlumberger and Halliburton.… Keep reading →
A pair of proposed pipeline projects may bring more than 90 billion cubic meters per year of natural gas to European markets, but this will not undermine the rationale for developing the continent’s indigenous shale resources, which could offer a range of other economic and security benefits, says Eurasia Group global gas analyst Leslie Palti-Guzman.… Keep reading →
Saudi oil output hit a record 9.51 million barrels per day in 2012, when the country lifted output to offset the impact of supply disruptions in Libya and a 1 July EU embargo on Iranian crude shipments. Saudi Arabia exported about 6.9 million bbls/d of oil last year, of which more than 50% went to… Keep reading →
U.K. regulator, the Takeover Panel, Friday waded into the takeover battle between Royal Dutch Shell PLC (RDSB.LN) and Thailand’s PTT Exploration & Production PCL (PTTEP.TH) over Africa-focused Cove Energy PLC (COV.LN), giving the companies a deadline of July 16 to make their final offers.
