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
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.
Snam snaps up a Golar FSRU to supply Italy’s gas needs
Snam has bought an FSRU from Golar LNG and will use the vessel to supply central-northern Italy as of spring 2023.
EU leaders back push to ban most Russia oil over Putin’s war
European Union leaders agreed to pursue a partial ban on Russian oil, paving the way for a sixth package of sanctions to punish Russia and its president, Vladimir Putin, for the invasion of Ukraine.
Orsted, GasTerra refuse to budge on rubles, face gas cut off
Gazprom Export is on the verge of cutting off gas supplies to offtakers in Denmark and the Netherlands as a result of a currency dispute.
Windfall tax measures could ‘accelerate’ major UK oil projects like Cambo and Rosebank
Windfall tax measures announced by Rishi Sunak could "accelerate" major UK oil and gas projects like Cambo and Rosebank, according to experts.
Energean shifts London AGM to skip Greek protests
Energean has shifted its AGM in London in response to a proposed demonstration around working conditions at its Greek oilfield.
Galileo aims to bring LNG to the masses
Developing LNG projects is traditionally seen as a big-ticket item, reserved for the few. Costs are high and equipment specialised, making the resource out of reach for most smaller scale operators – despite the advantages it offers.
Equinor and partners to invest £750m in six discoveries at Halten East
Equinor and its partners have decided to invest NOK 9 billion (£746m) in the Halten East development area in Norway.
Dozens of refugees arrive in Aberdeen as Ukraine’s Naftogaz gets standing ovation
A top boss at Ukraine national energy firm Naftogaz received a standing ovation in Aberdeen today as he thanked the city for housing displaced families of his employees.
Kent wins hydrogen work at HyNet
Kent has won design work on a blue hydrogen project at HyNet. This is one of the two clusters picked by the UK government for the fast track.
Excelerate commits FSRU to Finland for Baltic supplies
Excelerate Energy has signed a 10-year contract to provide an FSRU to a Finnish company, with the aim of providing LNG to the wider Baltic Sea region.
STATS Group eyes international growth after ‘excellent’ 2021
Pipeline specialist STATS Group plans to boost its international footprint following an “excellent” 2021.
Offshore rig day rates heading for highest level in ‘almost a decade’
The offshore drilling rig market is “much tighter” than previously thought, according to new analysis, with some segments “nearly sold-out”.
Euro Area would barely grow if Russian gas cut off, EU Says
The euro area’s pandemic recovery would almost grind to a halt, while prices would surge even more quickly if there are serious disruptions to natural-gas supplies from Russia, according to new projections from the European Commission.
UK North Sea sees chance for political reprieve in energy crisis
Six months ago, UK North Sea oil and gas faced the bleakest outlook in its 50-year history.
Approval of Shell Jackdaw field in North Sea ‘imminent’, report claims
Approval of the Shell Jackdaw gas field in the North Sea is now “imminent”, according to a newspaper report.
Russia curbs gas supplies to Germany in warning for Europe
Germany said Russia is using energy as a “weapon” after Moscow reduced natural gas supplies in retaliation for Europe’s penalties over the war in Ukraine.
Shell sells Russian fuel business to Lukoil
Shell has struck a deal to sell its retail and lubricants business in Russia to locally owned Lukoil.
