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
Energy Transition: a commentary from Norway
For the last few decades the ONS conference in Stavanger has focused on the energy industry’s direction from the perspective of North Sea exploration and production business – this year, ONS 2022 will focus mainly on energy transition.
Norway has strategic value to Europe beyond oil and gas
In September 2014 and in the face of mounting uncertainty over Russian gas supplies continuing to be available because of the then conflict over Ukraine, then European Energy Commissioner, Guenther Oettinger, suggested that Norway could play a fundamental role in shoring up EU energy supplies then and into the future.
Refining drives doubling of TotalEnergies’ second quarter income
TotalEnergies has reported net income of $5.69 billion, up more than two and a half times from the first quarter, driven largely by its downstream and chemicals operations.
Lundin legend Lukas passes away
Lukas Lundin, of the Lundin Group, has died at the age of 64 after a two-year struggle with brain cancer.
Neptune Energy gets after Ofelia exploration prize
Neptune Energy has kicked off drilling on the Ofelia exploration well in the North Sea.
Equinor deploys huge profits to mount $6 billion share buyback scheme
Equinor (OSE, NYSE: EQNR) the majority state-owned Norwegian oil firm, has unveiled a whopping set of profits and upped its share buyback plan to $6 billion for 2022.
Technip Energies signs up to work on Total’s Le Havre FSRU
Technip Energies will supply a marine loading arm to TotalEnergies at the planned FSRU project in France.
Russia to cut Nord Stream gas flow in ominous sign for winter
Russia is once again sharply reducing the flow of piped gas to Germany, reminding Europe of the daunting challenge the continent faces to build up its energy stockpiles before winter.
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.
