Shell reportedly mulling sale of chemical assets in Europe and US
Oil supermajor Shell is reportedly considering selling its chemicals assets in the Europe and the US, including its holdings in the Mossmorran plant in Fife.
Europe
European Oil and Gas news
Voltalis pledges £1bn after Ofgem demand response reform
An arcane Ofgem decision is bearing fruit. The regulator’s move to carve out space for demand-side response in the UK market has triggered a significant £1 billion investment from French energy technology company Voltalis.
All Europe Posts
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.
German-Canada hydrogen plans set the marker for progress
Germany has been on the hunt for new LNG supplies in order to stave off the near term crisis of stuttering Russian gas supplies. Chancellor Olaf Scholz’s visit to Canada did not come through on the LNG front, but he did seal an ambitious deal on hydrogen.
Germany books fifth FSRU for 2023-24
Germany's government has secured the delivery of a fifth FSRU in a bid to tackle the country's gas challenge.
Allseas lands huge North Sea decommissioning contract with Taqa
Allseas has won what it has described as the largest ever single decommissioning contract for the UK North Sea by weight with operator Taqa.
Lukoil chairman dies in mysterious circumstances
Lukoil chairman Ravil Maganov has died, seemingly of falling from a hospital window in Moscow.
Europe braces for rationing risks in Russian gas showdown
Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the next reality check is at hand.
Iran may drain offshore crude oil cache if nuclear deal reached
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out.
TotalEnergies denies supplying fuel for Russian fighter jets
TotalEnergies has denied a role in fuelling Russian fighter jets in their attacks in Ukraine, in response to allegations published today by France’s Le Monde.
Chevron, NewMed work on gas export options from Israel
Chevron and partners are keen to increase gas exports to Israel’s neighbours and have made a bid to secure all capacity in a proposed pipeline to Egypt.
Cyprus find for Eni, Total, with more drilling to come
Eni (ENI:MI) and TotalEnergies (LON:TTE) have made a major gas find at the Cronos-1 well, in Block 6 off Cyprus.
Gallery: Heerema removes Harbour Energy Murdoch complex
Heerema Marine Contractors have completed the removal of the Murdoch Complex in partnership with its client, Harbour Energy (LON: HBR).
A fossil fuel investment resurgence amidst Europe’s energy crisis?
With conflict in Ukraine and sanctions on Russia continuing to exacerbate supply issues, rising energy prices are fuelling new opportunities for private equity in the European oil and gas industry.
Uniper posts mega loss on Russian gas squeeze
Uniper has been hard hit by reduced Russian gas deliveries, posting major losses and with better times only coming in 2024, it has said.
Centrica signs £7bn deal for US LNG supplies
Centrica has signed up to purchase LNG from a new US supplier, working on an ambitious offshore project, in a move backed by Secretary of State for Business and Energy Secretary Kwasi Kwarteng.
Russian oil flows halted through pipeline to Central Europe
Europe’s energy security took another hit after Russian crude flows through Ukraine to Hungary, Slovakia and the Czech Republic were halted because sanctions prevented payment of a transit fee.
Wood secures $100m+ contract for INEOS olefins plant
Aberdeen-headquartered Wood (LON:WG) has secured a contract from Ineos worth in excess of $100 million (£83m) to build “Europe’s most innovative” olefins complex in Belgium.
Political will and Europe’s energy security challenge
European energy security faces a seemingly impossible task of meeting short-term demand with longer-term decarbonisation. Society does not have the luxury of declaring this to be impossible, though, so must take steps now to meet the challenges.
Gas pipeline part is ready for Russia, says German leader
German Chancellor Olaf Scholz has inspected a mechanical turbine at the centre of a natural gas dispute and declared "there are no problems" with the part besides information from Russia's state-controlled gas company.
