Investment Decision News
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BP Plc and its partners in a Caspian Sea gas field plan to make a final decision on an export route to Europe by the middle of 2013.
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Wall Street is scouring the U.S. for grocery stores as bankers are pushed out of lending to trophy office properties.
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China National Petroleum Corp., the country’s biggest energy producer, offered to buy a stake in Woodside Petroleum Ltd.’s Browse liquefied natural gas project in Australia, two people with knowledge of the matter said.
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Woodside Petroleum Ltd., Australia’s second-largest oil producer, increased the estimate for its natural gas resources in the Browse Basin as it considers the sale of a stake in a venture to liquefy the fuel for export.
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Germany’s offshore wind parks, being built to replace most of the nuclear reactors closing in the next decade, are headed to miss construction targets because of delays in connecting turbines to the power grid.
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Oil Search Ltd., Papua New Guinea’s biggest oil producer, said it plans to obtain a partner in mid-2012 to help develop fields that may underpin its second liquefied natural gas development in the country.
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Liquefied natural gas markets may face a glut by 2018 as about 250 million metric tons a year of new supply comes online, according to Sanford C. Bernstein & Co.
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EON AG said investments into German offshore wind farms may be halted after 2015 because of delays in connecting them to the power grid, Berliner Zeitung reported, citing Mike Winkel, head of the utility’s clean-energy unit.
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CPC Corp., Taiwan’s state-owned oil refiner, said it is in talks with Woodside Petroleum Ltd. to buy a stake of less than 10 percent of the proposed Browse liquefied natural gas project in Western Australia.
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An agreement to build a $8 billion liquefied natural gas project in southeast Nigeria is expected to be signed next quarter, said Austen Oniwon, group managing director of state-owned Nigerian National Petroleum Corp.
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