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Qatar Petroleum mulls joining Exxon’s Mozambique gas move

  DOHA / Reuters Qatar Petroleum is interested in the Mozambique gas business of Italian energy group Eni and could opt to join Exxon Mobil in buying a multibillion-dollar stake, sources familiar with the matter said. State-controlled Eni is looking to reduce a 50 percent stake in its giant Mozambique gas acreage as part of plans to sell 5 billion ...

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Vast Kazakh oil field seen taking another decade to reach target

  Bloomberg Kazakhstan’s giant Kashagan oil field has taken 16 years and more than $50 billion to bring to the verge of production. It could take another decade to reach its potential, with initial output at half the forecast level. Eni SpA, working with partners Royal Dutch Shell Plc, Total SA and the Kazakh state, expects Kashagan to start in ...

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GIP to acquire $4.3bn stake in Spain’s gas natural

  Bloomberg Global Infrastructure Partners agreed to buy a 20 percent stake in Spain’s Gas Natural SDG SA for 3.8 billion euros ($4.3 billion) from shareholders Repsol SA and Criteria Caixa. Repsol, Spain’s biggest oil company, and Criteria each sold 10 percent stakes in the natural gas distributor for 19 euros a share, according to a statement from Madrid-based Repsol ...

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