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
Panic over as Enagas denies Medgaz stoppage
Spanish transmission operator Enagas has shrugged off disruption to Algerian gas flows via the Medgaz link.
Next Prime Minister faces 150% energy price shock for UK
Every UK prime minister expects to face challenges. Few would imagine that they might have to spend billions of pounds to make sure people don’t freeze in their homes during winter.
Spain and Portugal reject EU plan to limit natural gas use
The European Union's plan to reduce the bloc's natural gas use by 15% to prepare for a potential cut-off by Russia this winter has received sharp scepticism from Spain and Portugal.
Russian supply fears intensify Asian demand for winter gas, poses setback for Europe
Asia’s top liquefied natural gas (LNG) importers are accelerating efforts to secure fuel for winter on fears that Russia will curb supply and further tighten the global market. This could pose a further setback for Europe as it tries to manage its energy crisis.
Chevron plans to drill Cyprus well by November
A Chevron team has visited Cyprus today to talk about developing the Aphrodite field, in the island’s exclusive economic zone (EEZ).
Netherlands drops OPL 245 probe into Shell
The Dutch Public Prosecutor has dropped its investigation into Shell’s role in acquiring OPL 245 in Nigeria, following a similar move from Italy earlier this week.
Court reverses conviction of Aberdeen man in Unaoil bribery case
The Court of Appeal has reversed a conviction of Aberdeen exec Stephen Whiteley, the third such reversal for cases stemming from the Unaoil scandal.
Wood promotes Craig Shanaghey to executive president of operations
Wood (LON: WG) has promoted rising star Craig Shanaghey to its top leadership team as executive president of its operations business.
Nord Stream says Russian gas shipments resumed on Thursday
Russia started sending gas through its biggest pipeline to Europe after a 10-day maintenance period.
Gazprom poised to restart gas flows through Nord Stream
Gazprom is poised to restart gas exports through its Nord Stream pipeline to Europe on Thursday at reduced capacity, according to people familiar with the matter.
UK North Sea to lead global charge on major subsea projects
The UK will lead the way on the number of major subsea projects coming globally over the next five years, according to new analysis.
Halliburton takes $366m impairments on Russia invasion of Ukraine
Marketing for sale its business in Russia and impairments on its assets in Ukraine saw Halliburton (NASDAQ: HAL) take $366m of impairments in the first half of 2022.
Adnoc, TotalEnergies to deepen co-operation, with state backing
Adnoc and TotalEnergies have signed a deal to work together, while France and the United Arab Emirates have also made high-level commitments.
Gazprom declares force majeure on some European gas buyers
Russian gas giant Gazprom has declared force majeure on several European natural gas buyers - a move that may signal it intends to keep supplies capped, reinforcing Russia’s grip on the region’s energy.
Russia snubs gas transit bookings, keeping buyers guessing on supplies
Moscow again rejected additional gas-pipeline space offered by Ukraine, keeping European buyers guessing as future flows on the key Nord Stream route also remain uncertain.
Europe to ration gas if Nord Stream stays shut, Ineos says
Europe will need to ration natural gas to meet winter heating demand if the Nord Stream pipeline doesn’t restart after planned maintenance, according to Ineos Group.
Shell looks to share more of its huge profits
Shell (LON: SHEL) is seeking to redistribute more of its huge profits off the back of soaring energy prices.
Aker Solutions predicts 30% revenue surge in 2022
Engineering firm Aker Solutions (OSLO: AKSO) is predicting a 30% surge in revenues for 2022 as it capitalises on “record high” tendering activity.
Saipem stock plunges, banks to step in as underwriters
Saipem (MI:SPM) shares have plunged around 70% from July 11 after the company acknowledged demand for additional shares was less than expected.
Germany in talks with Shell for LNG to replace Russian supplies
Germany is in negotiations with some of the world’s top liquefied natural gas suppliers, including energy giant Shell, to replace Russian fuel with alternative supplies.
EnerMech lands £107m worth of new contracts in Africa, Middle East and Caspian
EnerMech is today announcing new contracts worth a total of more than £107 million for work in Africa, the Middle East and Caspian region.
Gazprom’s shunned Nord Stream 2 wins spat over EU pipeline rules
Russia’s shunned Nord Stream 2 gas pipeline won a legal boost in its pre-war challenge against European Union rules that subjected all new and existing pipelines involving foreign suppliers to the EU’s energy market-opening requirements, after the bloc’s top court said its appeal can be heard.
Frontline, Euronav tweak terms in tanker tie-up plans
Frontline has struck a deal with Euronav for a potential merger, in an all share offer that would value each Euronav share at around $12.09.
Germany weighs intervention in energy markets to bring back coal
Germany is considering intervening in its energy markets to bring coal plants back online and conserve natural gas as it rushes to limit further disruptions from top-supplier Russia.
Shell shares up 3% after it backtracks on billions of pounds of write-offs
Shares in energy giant Shell (LON: SHEL) jumped 3% after it said it will reverse previous write-offs worth up to £3.8 billion this quarter.
