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
Sonatrach tweaks pricing conditions for Engie
Sonatrach has struck a deal to supply France’s Engie with gas via the Medgaz pipeline.
Big finance and activists slam ‘disappointing’ EU gas vote
Europe has botched an historic opportunity to create a global benchmark for sustainable investing after agreeing to treat gas as a green asset, according to bankers, investors, climate activists and their lawyers.
Tengiz explosion kills two
An explosion this morning at Kazakstan’s Tengiz oilfield has killed at least two workers, according to local reports.
Opportunity in Africa’s LNG, if Europe gets serious on supply
Africa could build 120 million tonnes per year of LNG capacity, the International Gas Union (IGU) has said, but development remains slow.
Parkmead reports ‘record gas revenues’ ahead of new drilling campaign
Parkmead Group (AIM: PMG) has reported a year of stellar performance from its shares in Dutch gas assets as it plans further drilling later in the year.
European gas rally shows no signs of easing on supply concerns
European natural gas prices rose to the highest level in almost four months on persistent supply concerns amid the worst energy crunch in decades.
St Fergus operator px Group appoints new chief growth and innovation officer
px Group has announced the appointment of a new chief growth and innovation officer to head up its planned expansion.
Putin’s war throws crucial EU vote on ‘green’ gas into doubt
European lawmakers are under pressure from Ukraine to block plans to treat gas as a green asset, plunging into serious doubt an EU Parliament vote that not long ago seemed set to endorse the proposal.
Role reversal for Spain as it exports gas to Morocco
Spain has begun flowing gas south, into Morocco, via the Gazoduc Maghreb Europe (GME).
Neptune Energy spuds next Adorf gas well in Germany
Neptune Energy has confirmed drilling has begun at the Adorf Z17 gas appraisal well in Georgsdorf, north western Germany.
Uniper hits cash crunch, calls for German government assistance
Uniper has retracted its financial guidance for 2022 as spiralling gas prices have driven it to seek support from the German government.
Borr Drilling sells three jackup rigs for $320m
Borr Drilling (NYSE: BORR) has signed a deal to sell three jackup oil rigs for $320 million.
Pouyanné calls for immediate action to reduce energy use
The heads of Engie, EDF and TotalEnergies have called on the French to cut energy consumption as the European energy system comes under strain.
Russia steps up energy wars with gas cuts to Europe’s top buyers
Russia stepped up the use of energy as a weapon by further cutting natural gas shipments via its biggest pipeline to Europe, prompting Germany to accuse the Kremlin of trying to drive up prices.
TechFest appoints oil industry veteran Brenda Wyllie as new chair
STEM education charity TechFest has appointed oil and gas industry veteran Brenda Wyllie as its new chair.
ADNOC looks to Aberdeen’s ‘tartan’ revolution for $5bn UAE opportunity
ADNOC has hailed a “tartan” energy revolution in Aberdeen while seeking supply chain partners for a $5bn opportunity in Abu Dhabi.
Freeport LNG offline until “late 2022”
Freeport LNG has provided an update on the circumstances of the June 8 fire at its facility on Quintana Island, Texas, warning that a return to full operations will not come until late 2022.
Prices are heading higher, Fitch warns on strong demand, Russia squeeze
Fitch Ratings has increased its oil and gas price forecast, indicating increased pressure on the European market driven by strong demand.
Energy at a crossroads: which way next?
After a certain amount of time in this industry, you get a certain understanding for how the energy system works.
International Seaways sells Qatari FSOs
NYSE-listed International Seaways has completed the sale of a 50% stake in two FSOs in Qatar to Euronav.
EU faces legal challenge over gas import plans
The European Union is facing legal challenges to its plan to support gas import projects, with accusations that this breaks climate and energy laws.
Hundreds of Norway offshore oil workers threaten strikes
Around 11% of the 7,500 offshore oil and gas workers in Norway are threatening strikes if mediation talks fail this week.
US LNG flows into high-priced Europe, deserts China
The US more than doubled LNG exports to Europe in the first four months of the year, according to the Energy Information Administration (EIA).
Heerema Marine Contractors names SBM’s Philippe Barril as new CEO
Heerema Marine Contractors has named Philippe Barril of SBM Offshore as its new CEO.
Mubadala leans on gas to hit the 500,000 boepd mark
Abu Dhabi’s Mubadala Petroleum has reached 500,000 barrels of oil equivalent per day, for the first time in its history.