EU Approves €444mn CEF Grants

EU member states agreed February 17 on the European Commission's proposal to invest €444mn in key European energy infrastructure projects, of which just under half on two strategic gas projects.


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Australian Santos Halves Loss, PNG Expansion 'Likely'

Australian independent Santos has reduced its 2016 full year net loss by more than 46% to US$1.047bn and cut net debt by 26% to US$3.5bn. It also hinted that an expansion of the Papua New Guinea LNG project is "likely" following a gas resource re-certification there.


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Ithaca's UK Stella Field Starts Up

Canada’s Ithaca Energy, the object of a friendly takeover bid earlier this week by Israel’s Delek, announced February 17 the successful start-up of oil production from its North Sea Stella field.


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Ukraine Gas Boss Sacked in Procurement Probe

State-owned Naftogaz Ukrainy has suspended the president of storage and pipelines business Ukrtransgaz, Ihor Prokopiv (pictured), on grounds of financial irregularities, it said February 17.


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Tokyo Gas January Sales Up 3.5%

Japanese utility Tokyo Gas sold 1.63bn m³ of gas in the month of January, up 3.5% on year, the company said February 14. Sales to the residential sector were up 6% during the month to 487.


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