BHP Billiton Ltd., Australia’s biggest oil and gas producer, said it will increasingly consider acquisitions in petroleum to add to growth opportunities.
Acquisitions may help petroleum expand to as much as 30 percent of the company in terms of value, after the planned purchase of Rio Tinto Group, up from about 20 percent now, J. Michael […]

Country’s largest power producer NTPC has appointed three merchant bankers to acquire two coal blocks in Indonesia as part of efforts to meet shortfall in the domestic market.
“We have finalised three merchant bankers to acquire coal blocks in Indonesia,” R S Sharma, chairman and managing director of NTPC, told reporters here.
He, however, declined to give […]

BRITISH giant BG Group has launched the biggest-ever foreign takeover in the Australian energy sector with a $12.9 billion bid for Origin Energy.
The unsolicited bid, which will require the approval of the Foreign Investment Review Board, comes as companies from resource-hungry countries such as China pursue takeovers across the Australian mining and energy sector.
Origin Energy […]

UK gas producer BG Group Plc has made a $12 billion bid approach to Origin Energy Ltd, seeking to bolster its position in the fast-growing Asia-Pacific gas market by securing the Australian utility’s gas reserves.
The companies said BG , valued at around $85 billion, had approached Origin with a proposal of A$14.70 per share in […]

Mitsubishi Corp., Japan’s largest trading company, said profit may rise 25 percent this year as soaring oil and coal prices bolster revenue from its energy and commodities businesses.
Net income will probably climb to a record of 580 billion yen ($5.6 billion yen) in the year that started April 1, from 463 billion yen in the […]

THE rapid multi-billion-dollar expansion of Australia’s second-biggest commodity export, liquefied natural gas, could stall if new investors are forced to comply with an emissions trading scheme from 2010.
The warning comes as major emitters continue to lobby for a regulated and cautious start to emissions trading in Australia, saying the credibility of the scheme could be […]

Deliverability and Cost at GasMart 2008, NGI Reports 23/04/2008 19:23:00 Business Wire The rapidly developing natural gas shale play in the outer regions of British Columbia, among the latest North American natural gas hotspots, is just one element of the complex and shifting development and delivery systems that will be assessed by industry leaders at […]

Eni has signed a Memorandum of Understanding with Qatar Petroleum International (QPI), a wholly owned subsidiary of Qatar Petroleum (QP), to seek joint investment opportunities in international projects in the exploration and production sector. The MoU was signed on behalf of QPI by Abdullah Bin Hamad Al-Attiyah, Qatar’s Deputy Premier and Minister of Energy and […]

It’s the high costs of the difficult to reach and developing basins now being tapped to supply this nation’s growing demand for natural gas that have driven prices to a new level, and those costs won’t go away regardless of the worldwide price of oil, a ConocoPhillips vice president recently told Natural Gas Intelligence […]

Through its subsidiary PB Logistics Sdn Bhd, the Brunei National Petroleum Company Sdn Bhd (PetroleumBRUNEI) yesterday entered a joint venture agreement with Kokuka Sangyo (KSK) and ITOCHU Corporation (ITOCHU) to form a company for the Brunei Methanol Tanker Project.
The signing ceremony took place at PetroleumBRUNEI office in the presence of the Chief Guest, Minister of […]