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Oil & Gas
 
SHAREHOLDER ACTIVISM

Sherritt sets date for activist shareholder meeting Restricted

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Canadian nickel, oil and gas producer Sherritt International will hold a special meeting of shareholders on May 6 to vote on an activist investor's proposal to shake-up the company’s board. TSX-listed Sherritt said Clark Inc and shareholders...
11th January 2014
 
 
OIL & GAS

Indian Oil seeks govt approval for overseas acquisitions Restricted

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Indian Oil Corporation Limited (IOC), the country’s largest oil refiner and marketer with predominantly domestic operations, planned to acquire oil exploration and production (E&P) assets overseas. As a majority government-owned oil company, IOC...
10th January 2014
 
 
OI & GAS

EPA approves 32 ha increase for Gorgon project Restricted

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US energy major Chevron will increase the footprint of its Gorgon liquefied natural gas (LNG) project by about 10%, after the Western Australian Environmental Protection Authority (EPA) gave its blessing to a 32 ha increase in the project, located...
7th January 2014
 
 
OIL & GAS

Appea applauds federal govt report on gas reforms Restricted

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The Australian Petroleum Production & Exploration Association (Appea) has welcomed recommendations from a federal government report that policy issues needed to be addressed if Australia’s East Coast was to transition from being solely a domestic...
6th January 2014
 
 
OIL & GAS

Aurora ups output expectations for 2014 Restricted

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Dual-listed Aurora Oil & Gas was expecting a 47% increase in 2014 production, compared with the mid-point in 2013, with daily output of between 29 000 and 32 000 barrels of oil equivalent expected. Full year gross production would average between...
6th January 2014
 
 
OIL & GAS

India’s SAIL, ONGC to collaborate in CBM development Restricted

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India’s oil exploration and production (E&P) major ONGC and Steel Authority of India Limited (SAIL) were planning a collaboration to explore coalbed methane (CBM) gas in captive coal blocks allocated to the steel producer. According to an ONGC...
6th January 2014
 
 
OIL PIPELINE

Panel advises federal government to approve C$7.9bn Northern Gateway pipeline – with conditions Restricted

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A federal joint review panel for the proposed Enbridge Northern Gateway project on Thursday recommended that, subject to 209 required conditions, the federal Canadian government approve the Northern Gateway pipeline project. The pipeline would...
20th December 2013
 
 
SHALE GAS

Petronas subsidiary now Sasol’s new partner in Canada shale gas assets Restricted

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Energy and chemicals group Sasol has decided not to exercise its right of first refusal to match a C$1.5-billion bid from Progress Energy for part of Talisman Energy’s Montney acreage in Canada. In terms of Sasol’s existing agreement with...
17th December 2013
 
 
 
 
 
 
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