J+S Subsea expands on offering its recycled North Sea treasure trove
Aberdeenshire’s J+S Subsea has opened the doors of a new facility as it targets growth and looks to become a credible competitor to tier one North Sea suppliers.
Europe
European Oil and Gas news
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.
All Europe Posts
Well-slot: One-in-four hit rate for Norway exploration
As of 26 September, Westwood Global Energy reports that there are two exploration wells active, one in the Northern North Sea and one in the Norwegian Sea.
Well-Slot: Trio of active exploration wells in the UK
As of 26 September, Westwood Global Energy reports that there are three exploration wells active, with one in the CNS and two in the NNS. Two appraisal wells are currently active in the CNS. One well completed at Diadem.
Capricorn announces merger with NewMed Energy, ditching Tullow
Capricorn Energy (LON: CNE) has ditched a tie-up with Tullow Oil (LON: TLW), instead unveiling a merger with NewMed Energy (TLV: NWMD).
Nord Stream springs leaks amid talk of sabotage
Nord Stream 1 and 2 have sprung a number of leaks simultaneously, releasing gas into the environment.
Production to cease at Groningen gas field
The Dutch Government has announced gas output from the flagship Groningen gas field will be lowered to minimal amounts, with a view to ceasing in 2024.
ONE-Dyas sanctions £450m North Sea gas field powered by wind energy
ONE-Dyas and its partners have approved a £450 million gas field in the North Sea which will be powered by wind energy.
In Scholz’s UAE lighthouse talks, RWE scores a first LNG cargo
German Chancellor Olaf Scholz has signed agreements on securing new energy supplies during a visit to United Arab Emirates President Sheikh Mohamed bin Zayed.
Rystad: LNG to balance European demand in absence of Russia
Europe can rebalance its gas supply and replace Russian gas imports before 2030, but will have to take some tough decisions on LNG.
Germany nationalises gas giant Uniper to avert winter energy collapse
Germany will nationalise Uniper in a historic move to rescue the country’s largest gas importer and avert a collapse of the energy sector in Europe’s biggest economy this winter.
Chevron tees up Aphrodite plan, as ministers talk maritime borders
Chevron and partners have signed up to develop the Aphrodite field, offshore Cyprus, with drilling due to start in the first half of 2023, while political talks are continuing.
‘Bazooka’ of oil preventing Brent Crude price from hitting $200
A “bazooka” of oil from the US reserve, lockdowns in China and a “surprising durability” of production in Russia are preventing Brent Crude oil from hitting $200 a barrel.
Fitch warns of tough 2023 amid markedly higher gas prices
Fitch Ratings has increased its short and medium term gas price assumptions, based on an assumption of no further Russian supplies into the European Union.
Offshore rig day rates could surge to $500,000
It could soon cost half a million dollars a day to hire an offshore rig, according to executives in the industry, in a stunning turnaround for day rates since Covid.
Germany considers nationalising Uniper
Talks are under way over Germany buying a major stake in Uniper, amid “increased uncertainties”, the company has said.
Dozens of applications for Norway oil and gas licensing round
Dozens of companies have applied for acreage in the latest oil and gas exploration round in Norway, though it is the lowest figure in recent years.
Equinor boss shares early memory of meeting the Queen
Equinor boss Al Cook shared an early memory of meeting the Queen following the monarch's passing yesterday.
Energy industry pays tribute to Queen Elizabeth II
Figures from the energy industry have added their voice to mourners around the world following the death of the Queen.
EnerMech creating 170 jobs with first Ireland facility
Aberdeen-headquartered energy services firm EnerMech has said it will create around 170 jobs with the launch of its first facility in Ireland.
Finding only negligence, OMV opts out of suing former CEO
OMV has cleared former CEO Rainer Seele of misconduct. It did find evidence of negligence in some of his actions, it said in a report.
EIG buys into Repsol Upstream for $5bn
Investment group EIG is buying a 25% stake in Repsol’s upstream unit for $4.8 billion, with an eye on a potential US IPO in 2026.
MAM launches to tackle LNG fuel’s methane slip problem
A new group is launching today with a focus on managing methane emissions in shipping, using LNG as a fuel.
Woodside to supply LNG to Europe in Uniper deal
Australia’s Woodside Energy (ASX:WDS) will supply liquefied natural gas (LNG) from its global portfolio to Europe, including Germany, starting in January 2023 after signing a flexible long-term deal with Uniper.
Dutch eye windfall tax in $16 billion plan to ease energy costs
The Dutch government is said to be working on up to 16 billion euros ($16 billion) in funding to alleviate the burden of high energy prices and runaway inflation on its citizens.
JERA, Uniper target LNG supplies, then ammonia
Japan’s JERA and Germany’s Uniper have teamed up to back an ammonia project in the US Gulf Coast, with a focus on exports to Germany. In the near term, it should also secure new LNG supplies.
Russia delivers huge blow to Europe by keeping key Nord Stream gas pipeline shut
Russia will keep the key Nord Stream 1 gas pipeline to Germany shut, state-owned energy giant Gazprom said on Friday, delivering a massive blow to Europe.