Tag Archives: asia natural gas
Rosneft unit acquires 40% stake in Arctic Russia for $1.8B
Rosneft on Sept. 24 said its NGK Itera subsidiary has entered an agreement to acquire a 40% stake in Arctic Russia B.V. from Enel. Following the acquisition, Rosneft will become an indirect owner of a 19.6% stake in SeverEnergia. SeverEnergia...
China to become world’s 3rd largest gas producer in 2035
China is likely to become the world’s third-largest natural gas producer in 2035, China’s Xinhua news agency reported, citing secretary general of the International Gas Union (IGU) Torstein Indreb, who was speaking at the 2013 China...
JA Solar reports 11% increase in Q1 shipments, revenue fell
JA Solar Holdings Co. Ltd. on August 29 reported financial results for second quarter ended June 30, 2013. The company’s total shipments in the second quarter were 463.7 MW, above the high end of the company’s previously provided guidance...
South Korea analyzes overseas oil and gas for possible sales
Seoul, South Korea – South Korea is reviewing its overseas investments in oil and gas for possible sales due to poor profitability, Reuters reported July 12. The National Assembly Budget Office in a statement on Wednesday revealed poor profitability...
Shell appoints Ben van Beurden as CEO
Royal Dutch Shell plc on July 9 announced that its board has appointed Ben van Beurden as chief executive officer (CEO) of the company, effective 1 January 2014. Van Beurden will succeed Peter Voser, who will leave the company at the end of...
Schlumberger opens reservoir laboratory in China
Schlumberger on July 3, 2013, said it has officially opened the Schlumberger Reservoir Laboratory in Chengdu, China. The state-of-the-art, 32,000 sq. ft. facility offers an integrated suite of petrophysical and geomechanical services to help...
Rosneft buys remaining 49% stake in ITERA Oil and Gas
On July 2, 2013, Rosneft announced that it has acquired the remaining 49% stake of ITERA Oil and Gas Company LLC from Itera Holdings Limited for USD $2.9 billion. Following this acquisition, Rosneft now owns 100% in ITERA Oil and Gas. Consolidation...
Matra Petroleum completes sale of Arkhangelovskoe Licence
On July 1, 2013, Matra Petroleum announced that it has completed the disposal of its 100% interest in the Arkhangelovskoe Licence which includes the Sokolovskoe Field. Following completion of the disposal today and the approval of the investing...
PETRONAS Carigali forms new subsidiary to focus on small, marginal fields
PETRONAS Carigali Sdn Bhd on July 1, 2013, announced that it has incorporated a new subsidiary VESTIGO Petroleum Sdn Bhd to focus on development and production activities from small, marginal and mature fields in Malaysia and abroad. VESTIGO...
CNPC proposes to build China’s 1st shale gas pipeline
(Oilprice.com) – China National Petroleum Corp. (CNPC, Beijing, China) plans to build a new pipeline in China that will be used to transport shale gas, according to a news report published on Oilprice.com. The new pipeline, which will...
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