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Oil & Gas News

Syndicate content Oil & Gas company and industry news from the Financial Times
The latest oil and gas company and industry news with expert analysis from the Financial Times on FT.com
Updated: 3 hours 21 min ago

US natural gas prices to soar, says Shell

Sat, 05/19/2012 - 06:50
The oil and gas group’s chief executive, Peter Voser, says it forecasts prices to double by 2015 on the back of growing US domestic demand

Small-cap week: Chariot falls

Sat, 05/19/2012 - 03:57
The explorer slumped after it warned that a frontier exploration well that had cost about $75m to drill would be plugged and abandoned

Resource stocks mirror global economy

Fri, 05/18/2012 - 22:04
Decline of groups involved in supplying essential raw materials for business show how investors really feel about the global economy’s direction

Repsol cancels LNG shipments to Argentina

Fri, 05/18/2012 - 21:12
Spanish group scraps nine deliveries of liquefied natural gas worth $360m in wake of YPF seizure over alleged ‘contract violations’ by Buenos Aires

South calls on Khartoum to renew talks

Fri, 05/18/2012 - 16:20
Negotiator Pagan Amum said the North had not complied with a May 2 resolution giving the neighbours two weeks to resume talks

President Petroleum optimistic on Argentina

Fri, 05/18/2012 - 15:19
Shares are trading lower following the nationalisation of YPF and sabre-rattling from Buenos Aires over exploration drilling in the Falklands

Banks poised to seize YPF stake

Fri, 05/18/2012 - 06:11
Petersen Energía has defaulted on a loan from Credit Suisse, Goldman Sachs, BNP Paribas and Itaú that was used to fund its purchase of YPF shares

Chesapeake’s rivals circle ahead of sales

Thu, 05/17/2012 - 23:30
The group has to jettison some of its best properties to stay aloft and competitors are gathering to see how much they will be able to pick up

Investor anger hits Cairn, Pru and Cookson

Thu, 05/17/2012 - 23:06
For the first time in Britain’s decade-long history of having a say on pay, shareholders have rejected out of hand the plans of two companies in a single year

Japan pushes Asia gas price close to high

Thu, 05/17/2012 - 21:06
Spot prices set to hit record highs this summer as Japan abandons nuclear power and supplies decline after a LNG pipeline was blown up in Yemen

Cairn investors vote down pay report

Thu, 05/17/2012 - 19:44
Shareholders revolt reflects simmering discontent despite founder and chairman Sir Bill Gammell’s £3.5m bonus being scrapped in January

FSA probe needed PDQ into Lamprell PDMRs

Wed, 05/16/2012 - 23:42
The regulator should consider whether unfortunate misunderstandings could be discouraged in future by extending the regime for dealing ‘blackouts’

Lamprell hit by warning over profits

Wed, 05/16/2012 - 22:05
Delivery delays on rig components weigh on margins prompting the Dubai-based oil services group to warn it could swing to a loss in the first half

Total plugs North Sea gas leak

Wed, 05/16/2012 - 21:23
Breach at the French oil major’s Elgin platform is finally secured in a 12-hour procedure – seven weeks after it was initially discovered

Shell warns on US natural gas bounce

Wed, 05/16/2012 - 19:36
Chief executive Voser predicts strong recovery from the 10-year lows the fuel has hit as a result of the boom in shale gas production

UAE’s first sukuk restructuring forecast

Wed, 05/16/2012 - 13:43
Yield on Dana Gas’s $920m Islamic bond soars as investors express concern over Sharjah-based energy company’s ability to repay the debt

Rising costs cut Petrobras profits

Wed, 05/16/2012 - 01:14
Brazil’s state-run oil company, posted a 16 per cent drop in net income for the first quarter after government policies to protect domestic consumers eroded profits

Chesapeake expands short-term loan to $4bn

Wed, 05/16/2012 - 00:47
Standard & Poor’s downgraded the US natural gas producer’s debt, but the group “strong investor demand” in expanding its loan from $3bn

Chesapeake: in the sights

Tue, 05/15/2012 - 19:33
Like a leak in a petrol station forecourt that has long needed fixing, the chief executive’s role is finally getting the attention it deserves

Big find boosts Mozambique gasfield

Tue, 05/15/2012 - 19:00
Discovery could add 20 trillion cubic feet (Tcf) of recoverable gas to resource base estimated at 30tn recoverable units