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
BW Offshore FPSO recycling strategy criticised after death at Indian yard
BW Offshore’s strategy for recycling its end-of-life floating production storage and offloading (FPSOs) units has been criticised following a fatality at a ship breaking yard in India. BW is one of the largest operators of FPSOs for the oil and gas sector, but its decommissioned units are being dismantled in yards with questionable health, safety, and environmental credentials.
Ukraine turns off Europe-bound gas from Russia
Ukraine has cited "force majeure" to potentially halt a third of Russian transited gas flows to Europe from Wednesday, while Russia’s Gazprom claims there have been no issues that would justify the move.
ConocoPhillips developing new North Sea project targeting 90 million barrels
ConocoPhillips and its partners are targeting 90 million barrels of oil from a new North Sea development.
Scottish Power boss calls for £1,000 grant to help with ‘horrific’ cost rises in October
Keith Anderson, the boss of Scottish Power, has called on the UK government to protect households from “truly horrific” rises in energy costs coming in October.
Awards finalists announced as Decom Week goes live
Decom North Sea has released the final programme for its Decom Week event, as it gears up to host the global decommissioning sector for five days of knowledge sharing, debate, and the recognition of sector achievements.
Wilhelmshaven takes centre stage for LNG imports and more
Germany has officially launched construction of an LNG terminal at Wilhelmshaven, while signing up preliminary agreements for four FSRUs.
Russia cut off from UK professional services
The UK Government has blocked access for Russia to Britain’s professional services exports.
EU plans ‘orderly’ Russian oil phase-out, targets Sberbank
The European Union plans to ban Russian crude oil over the next six months and refined fuels by the end of the year as part of a sixth round of sanctions to increase pressure on Vladimir Putin over his invasion of Ukraine.
French ban on US LNG reverses with Engie deal
Engie has signed a 15-year sale and purchase agreement for buy US LNG, reversing France’s implicit ban on shale gas supplies.
China buyers hungry for US LNG as European demand set to surge
Russia’s invasion of Ukraine seems to have jolted China based buyers of liquefied natural gas (LNG) into signing more deals with US-based LNG export developments as global competition for the fuel surges.
An obscure (and underestimated) oil city at the heart of the old Soviet industry…
A ministerial visit that’s long stuck in my mind was to a city called Khanty-Mansiysk far to the north in Siberia. You haven’t heard of it? Well, join a very large club to which I belonged before going there.
Spain defends gas exports to Morocco against Algeria
Spain will export gas to Morocco, it has said, but will ensure these flows do not include Algerian gas.
Gazprom 2021 annual earnings hit record on gas price rally
Russia’s gas giant Gazprom PJSC reported its highest-ever annual income for 2021, when natural gas prices soared during Europe’s worst energy crunch in decades.
Decom awaits as Kishorn Port and Dales Marine added to EU-approved shipbreaking yards
Kishorn Port has been confirmed as an EU-approved site for shipbreaking, paving the way for the site to take on new decommissioning work following a multi-million pound extension of drydock facilities.
UK Government expects to stop importing Russian gas by end of year
The UK Government expects Britain can stop importing Russian natural gas before the end of the year, sooner than expected, a person familiar with the matter said.
BW Offshore denies Indian yard fatality related to scrapping of FPSO
A worker reportedly lost his life while scrapping an FPSO unit, formerly owned by Oslo-listed BW Offshore (OL:BWO), at an Indian beaching yard on 21 April, according to a report from an NGO. However, BW Offshore denied the report, and said Wednesday that the incident “was unrelated to the ongoing recycling of former BW Offshore FPSOs at the yard.”
TotalEnergies starts pullback from Russia with $4bn charge
TotalEnergies took a $4.1 billion write-down on its flagship Russian gas project and indicated that it may belatedly join its peers in pulling back from the country two months after the invasion of Ukraine.
Uniper takes big hit with eyes on gas storage prize
Uniper has warned a “significant earnings decline” for the first quarter as it shifts its strategy to releasing gas later in the year.
Russia to block gas to Poland and Bulgaria until ruble demands met
Russia’s Gazprom PJSC said it has halted gas flows to Poland and Bulgaria and will keep the supplies turned off until the two countries agree to Moscow’s demand to pay for the crucial fuel in rubles.
German minister says full embargo on Russian oil ‘manageable’
Economy Minister Robert Habeck said Germany has already cut its reliance on Russian oil enough to make a full embargo “manageable,” potentially laying the groundwork for a continent-wide ban that would upend the global trade in petroleum.
Wood on track to complete Russia retreat by end of 2022
Energy services giant Wood is on course to complete its exit from Russia by the end of the year.
Ukraine accuses Shell of ‘accounting trick’ to keep buying oil from Russia
The Ukrainian government criticised Shell for setting rules that allow the company to buy oil products partly sourced from Russia.
Saipem 7000 crane vessel could be on course for June return after lifting fault
No “significant structural damage” to the Saipem 7000 has been uncovered after the vessel endured a major lifting malfunction last week.
Hurricane hands in Lancaster decom plan just three years after first oil
Hurricane Energy has submitted a decommissioning plan for the Aoka Mizu floating production storage and offload (FPSO) vessel serving its Lancaster field, less than three years after production began.
Updated: Italy ties up gas plans with Angola, Congo Brazzaville
Italy has secured a deal to increase gas supplies from Angola, following high level talks between Italian Minister of Foreign Affairs Luigi di Maio and Angolan President João Lourenço.
