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Shell Creates Standalone Gas Division, Sees More BG Deal Synergies

Nov 4, 2015

Shell is to operate a standalone integrated gas division from the start of 2016 -- given the business's increasing importance to the overall group -- in a move that will also help Shell to integrate BG Group which it agreed to buy in April ...

Tags: Shell, Integrated gas, BG

BASF/Wintershall and Gazprom Celebrate 25-Year Partnership

Oct 15, 2015

BASF/Wintershall and Gazprom have already been cooperating successfully for a quarter of a century: The two companies laid the foundations for their cooperation in autumn 1990 with a long-term agreement to market Russian natural gas in ...

Tags: BASF, Gazprom, natural gas

BASF and Gazprom Have Agreed That They Will Not Complete an Asset Swap

Dec 23, 2014

BASF and Gazprom have agreed that they will not complete an asset swap, which was planned for the end of the year. “We regret that the asset swap will not be concluded. We will continue our cooperation of over 20 years with Gazprom ...

Tags: targeted oil, gas-rich regions, Construction

Sales of BASF Group Grew by 3%

Oct 27, 2014

Sales of BASF Group grew by 3% compared with the previous third quarter, reaching €18.3 billion. A sharp rise in volumes in the Natural Gas Trading business sector was mainly responsible for this growth. Income from operations (EBIT) ...

Tags: BASF, Construction Coating

BASF's Business Developed Positively in The Second Quarter of 2014. at €8.5bn

Aug 13, 2014

BASF's business developed positively in the second quarter of 2014. At €18.5 billion, sales rose by 1% compared with the same period of the previous year. "This was largely the result of higher sales volumes in our chemicals business, ...

Tags: BASF, Increase, Decoration

GAIL Announced The Signing of a MOU with Sumitomo Corporation

Aug 13, 2014

GAIL (India) Limited announced the signing of a Memorandum of Understanding (MOU) with Sumitomo Corporation, Japan (Sumitomo). Under the MOU, GAIL and Sumitomo will pursue business opportunities in natural gas and LNG value chain business ...

Tags: GAIL, Sumitomo, Textile

There Is a Growing Shortfall of LNG Globally

May 30, 2014

Sellers at the 8th Asia LNG summit in Beijing Wednesday said there is a growing shortfall of LNG globally, as buyers wait on the sidelines, preferring to sign LNG term contracts linked to other indexation points rather than traditional ...

Tags: Potential LNG, gas

The Volume of US Natural Gas Traded During Bidweek Is Poised for Its Fourth Decline

May 6, 2014

The volume of US natural gas traded during bidweek is poised for its fourth straight year-on-year decline as banks and other large players pull back from the monthly baseload market, according to a Platts examination of ...

Tags: Natural Gas, physical deals

BASF Had a Good Start to The Year in Chemicals Business

May 1, 2014

"We had a good start to the year in our chemicals business and in the Agricultural Solutions segment. We sold more. This more than compensated for the negative effects on sales from the comparatively weak U.S. dollar and currencies in ...

Tags: Construction, Decoration, Chemicals, Oil, Gas

The Establishment of an Asian Regional Gas Trading Hub Is Still at Least Five Years Away

Apr 3, 2014

The establishment of an Asian regional gas trading hub is still at least five years away, International Gas Union President Jerome Ferrier told a press conference in Sydney Tuesday. LNG importers in Asia are studying plans to establish a ...

Tags: LNG importers, gas, natural gas

Prompt Prices on The UK's NBP Gas Trading Hub Fell

Mar 18, 2014

Prompt prices on the UK's NBP gas trading hub fell Friday morning as the system saw a large supply surplus and warm, sunny weather expected for the weekend should further cut heating demand. "The system was the longest I've seen it," one ...

Tags: gas storage, Oversupply

France Must Urgently Implement New Rules to Oblige Shippers to Import LNG

Mar 13, 2014

France must urgently implement new rules to oblige shippers to import LNG after new gas capacity auctions indicated a massive increase in prices in France's southern PEG Sud market in the coming years, intensive users group UNIDEN said late ...

Tags: LNG Imports, gas capacity, LNG terminals

BASF Increased Sales and Earnings in 2013 Compared with The Previous Year

Feb 27, 2014

BASF increased sales and earnings in 2013 compared with the previous year. “2013 was again a demanding year, with a lot of headwind for our industry. Nevertheless, we achieved our goal: We sold more, worked more closely together with ...

Tags: BASF, Construction Coating

Alexey Miller and Harald Schwager Signed Today an Agreement to Swap Assets

Dec 30, 2013

Alexey Miller, Chairman of the Gazprom Management Committee and Harald Schwager, Member of the Board of Executive Directors of BASF, Chairman of the Supervisory Board of Wintershall Holding signed today at the Gazprom headquarters a Master ...

Tags: Alexey Miller, Gazprom, Harald Schwager, Master Agreement, Wintershall

BASF and Gazprom Signed The Final Agreement to Swap Assets of Equivalent Value

Dec 27, 2013

BASF and Gazprom signed the final agreement to swap assets of equivalent value. Through the swap, the BASF subsidiary Wintershall will further expand its production of oil and gas and exit the gas trading and storage business. The ...

Tags: oil, gas

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