Regional News

Bloomberg Royal Dutch Shell Plc and Total SA are the only companies among the 10 biggest oil and gas producers in the world which disclose how their carbon emissions will decline over time, according to the first analysis of its kind by managers overseeing more than $9 trillion of funds. The Anglo-Dutch and French majors are the only companies among …

Bloomberg South Sudan’s optimism about restoring oil output to 350,000 barrels a day depends on the success of a recent peace deal and both are unlikely, according to Wood Mackenzie Ltd. Crude production fell by about two-thirds to 130,000 barrels per day as blocks were shut-in during a conflict that erupted in late 2013, after a dispute between President Salva …

Bloomberg CK Group’s A$13 billion ($9.4 billion) bid for gas pipeline operator APA Group was knocked back by Australia’s government on national security concerns, a decision that has the potential to further inflame diplomatic tensions with China. “I have advised the consortium led by CK Asset Holdings Ltd. of my preliminary view that its proposed acquisition of APA Group would …

Bloomberg Africa is finally seeing the benefits from the recovery in cru-de prices as companies ramp up drilling from Algeria to Namibia. The rigs are returning and wildcatters are getting excited again after a years-long hiatus during the oil-price slump. From majors like Total SA to independents like Tullow Oil Plc, companies are snapping up exploration rights and doing deals. …

Bloomberg The world’s biggest public energy company doesn’t worry about size when it comes to potential deal-making. The driver of any acquisition for Exxon Mobil Corp. isn’t the scope of the target, it’s whether the company finds more value in it than the market does, Darren Woods, chief executive officer of the Irving, Texas-based firm, said at the New Economy …

Bloomberg Oil prices are likely to be “biased to the upside” for the rest of the year as demand from refineries rises in November and December, according to Citigroup Inc. An average price of $80 a barrel for this quarter is “realistic,” with spikes to $90 or even $100 possible if further disruptions worsen a supply crunch amid rising consumption, …

Bloomberg Gas is in such hot demand in China right now it’s allowing a quirky market to flourish: transporting fuel on trucks. Call them pipelines on wheels. The country’s top suppliers are loading liquefied natural gas onto tanker trucks and delivering it to users to make up for insufficient pipeline coverage inland. The method is so effective ENN Group is …

Bloomberg Equatorial Guinea expects international oil companies to spend about $2.4 billion on the nation’s oil and gas industry by the end of next year, a government official said. The investment should include about 11 new wells, the official said, asking not to be identified because the information is private. They didn’t give a breakdown in spending by company. In …

Bloomberg Iraq’s semi-autonomous Kurds upgraded their oil export pipeline to accommodate future production growth from their region as well as from the contested Kirkuk area controlled by the central government in Baghdad. The Kurdistan Regional Government completed improvements to the pipeline to the Mediterranean port of Ceyhan by installing another pumping station in the Shaikhan area, the KRG’s Ministry of …

Bloomberg Encana Corp.’s founder and former Chief Executive Officer Gwyn Morgan said he’s disappoi- nted by the driller’s $5.5 billion purchase of New- field Exploration, which moves focus to US and dashes hopes that company would represent Canada on world stage. Morgan, who named the oil and gas producer Encana to evoke “Energy Canada,” blames the move on PM Justin …