Repsol income up despite YPF expropriation
The Spanish company Repsol has posted a higher than expected Q1 income despite suffering losses as a result of the Argentinian government’s decision to nationalise YPF.
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The Spanish company Repsol has posted a higher than expected Q1 income despite suffering losses as a result of the Argentinian government’s decision to nationalise YPF.
Sudan’s recent dispute with its southern neighbour has created a US$ 2.4 billion hole in the nations finances.
Shell has reported that it has uncovered two further onshore oil pipeline leaks in Nigeria’s Delta, soon after the company declared force majeure on crude exports due to theft-related outages.
Norwegian player Statoil and Russian giant Rosneft sign an Arctic exploration and development deal that could see up to US$ 100 billion of investment.
British firm Tullow Oil has announced the discovery of more oil at one of its Kenyan wells in the north of the country.
AF Group wins maintenance and modification contract for Hammerfest LNG.
Repsol is likely to cancel all remaining LNG shipments to Argentina after the nationalisation of YPF.
The EIC predicts that Iraq should see huge levels of investment over the next five years as the security situation improves.
GDF Suez has signed an agreement with Sempra which will allow it access to 4 million toy of liquefaction capacity at Cameron LNG from 2016.
Continental Coal Limited has announced that through its South African subsidiary Mashala Resources (Pty) Limited, it has entered into agreements that will allow the Company to extend the operating mine life at the Ferreira Coal Mine and its production of high quality thermal coal through the acquisition and development of the adjacent and adjoining Prospecting Right.
Gladstone LNG, the coal seam gas to LNG project led by Santos, has signed an agreement with Origin Energy to supply feed gas for liquefaction into LNG.
Woodside has accepted an offer from Japan Australia LNG (MIMI Browse) Pty Ltd. to purchase a 14.7% interest in Browse LNG for US$ 2 billion.