Dutch court overturns order for Shell to take responsibility for petrol emissions
A Dutch court has overturned a landmark ruling against Shell that would have forced the oil company to reduce emissions produced by its petrol customers.
Europe
European Oil and Gas news
Operators could face fines as North Sea decommissioning still lags
The pace of North Sea oil and gas decommissioning continues to lag behind targets, with operators who fail to comply being liable to face fines of up to £1 million.
Jobs are ‘primary concern’ of Decom Mission boss following budget
Following the first budget of the Labour Party’s premiership, saving jobs and retaining skills within the sector are the core concerns of Decom Mission’s Sam Long.
All Europe Posts
Dutch court overturns order for Shell to take responsibility for petrol emissions
A Dutch court has overturned a landmark ruling against Shell that would have forced the oil company to reduce emissions produced by its petrol customers.
Operators could face fines as North Sea decommissioning still lags
The pace of North Sea oil and gas decommissioning continues to lag behind targets, with operators who fail to comply being liable to face fines of up to £1 million.
Jobs are ‘primary concern’ of Decom Mission boss following budget
Following the first budget of the Labour Party’s premiership, saving jobs and retaining skills within the sector are the core concerns of Decom Mission’s Sam Long.
“It would be fair if we had a level playing field” – Interview with Mark Routh, CEO of Prospex Energy
With the UK investment climate for conventional oil and gas increasingly uncertain, industry participants across the board – and on both sides of the fence – have weighed in in recent weeks to express concerns and constructive viewpoints on the energy security paradigm.
Production stops amid ‘smoke development’ on Sleipner B
Smoke detected on Equinor's Sleipner B platform in Norweigan waters has stopped production and emergency vessels have been called in.
Exposed: the UK’s gas deficit will persist
The UK’s dependence on LNG imports exposes UK consumers to an international gas market over which they have no control. If the European winter is cold or Asian LNG demand booms, the UK will feel the consequences.
Complications stall Prax’s purchase of Shell’s stake in German refinery
A planned purchase by Prax Group of Shell’s 37.5% stake in the Schwedt refinery in Germany is being delayed by “pending lawsuits by third parties,” according to a report from Reuters.
Don’t believe the hype on offshore wind unless subsea supply chain wins
By setting global standards and guidelines, the UK can have a first-mover advantage and be positioned as a centre of global excellence in cable reliability.
North Sea operator Harbour Energy completes buyout of German rival Wintershall DEA
North Sea operator Harbour Energy has completed the acquisition of German rival Wintershall DEA in a deal worth $11.2 billion (£8.53bn).
Oil and gas – not in favour but still in demand as M&A spreads
A wave of oil and gas ‘megamergers’ across the pond could be coming our way, as Europe’s supermajors – focused in recent years on a tilt to investment in renewables and ESG concerns – look to fill their future reserves through large acquisitions.
Germany faces tough call on drilling in protected North Sea marine zone
Germany will scrutinize an application to drill for natural gas at a protected marine site after explorer One-Dyas BV cleared a key hurdle with local authorities.
LNG tanker signals heading to europe from sanctioned plant
A liquefied natural gas tanker that recently docked at the sanctioned Arctic LNG-2 export facility in Russia is heading toward Europe, ship tracking data compiled by Bloomberg show.
TotalEnergies CEO says plan for New York listing is progressing
TotalEnergies SE Chief Executive Officer Patrick Pouyanne said the French energy giant is progressing with its plan to list shares in New York in a bid to lure more US investors.
TotalEnergies’ profit drops more than expected on refining
Analysts had expected TotalEnergies to post a profit of $4.92 billion.
Litigation in transition: Energy sector disputes and the role of legal finance
The transition from fossil fuels to renewable energy is fundamental to decarbonising the global economy and mitigating the impacts of climate change. However, this shift also brings a higher risk of disputes across various business activities – disputes that are likely to be many and varied given the magnitude of the infrastructure and technology involved.
European fossil fuels consumption falls below 70% for ‘first time since industrial revolution’ – EI Statistical Review
Dependence on fossil fuels in major advanced economies “is likely to have peaked” according to the Energy Institute (EI), after European use of hydrocarbons fell below 70% of primary energy for the first time since the industrial revolution – driven by demand reduction and renewable energy growth.
Norwegian oil workers strike averted
A strike by Norwegian offshore oil workers has been averted after reaching a deal with employers, the country’s IE&FLT and Safe labour unions have said.
National Grid plan to sell Grain LNG ‘undermines UK energy security’
National Grid’s plan to sell its Grain LNG terminal has sparked concerns among some industry participants, with union UNISON flagging the risks raised by the divestment of an asset of strategic national interest.
px Group plans growth with green hydrogen pioneer in Norway
UK gas infrastructure manager px Group has boosted its hydrogen credentials by confirming a partnership with a pioneering production plant developer in Norway.
Russian oil flows tick up as Moscow pivots from export curbs
Russia’s crude exports edged higher in the week to May 19, as Moscow prepares to replace a ceiling on overseas shipments with a production limit favored by its OPEC+ partners.
TotalEnergies hit by criminal complaint over climate turmoil
TotalEnergies SE’s (LON:TTE) bosses were hit by a criminal complaint from climate change activists over their alleged role in disasters sparked by global warming.
TotalEnergies has plenty of reasons to say ‘Au Revoir, Paris’
TotalEnergies SE’s chief executive officer has plenty of reasons to antagonize the French government with the possibility of moving its stock listing to Wall Street. Measured in dollars, there are tens of billions of them.
Russia’s Gazprom reports first net loss in 24 years
Russia’s state-controlled gas giant Gazprom reported its first annual net loss since 1999 on falling shipments to Europe and lower prices for the fuel.
Danish helicopter operator Uni-Fly expands into offshore oil and gas flights
Danish helicopter firm Uni-Fly appears to be further expanding into offshore oil and gas operations with AW169 contracts in Spain and the Southern North Sea.
Equinor Q1 results beat forecasts thanks to production growth
Equinor (OSLO: EQNR) has beaten forecasts to deliver higher than expected first-quarter results, boosted in part by higher production thanks to its stake in the UK’s Buzzard field.