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.
Europe
European Oil and Gas news
Operators could face fines as North Sea decommissioning still lags
The pace of North Sea oil and gas decommissioning continues to lag behind targets, with operators who fail to comply being liable to face fines of up to £1 million.
Jobs are ‘primary concern’ of Decom Mission boss following budget
Following the first budget of the Labour Party’s premiership, saving jobs and retaining skills within the sector are the core concerns of Decom Mission’s Sam Long.
All Europe Posts
Fyne news: Oil field project hits key regulatory milestone
The Fyne oil field, which is being developed by Rapid Oil, Ping Petroleum and Hibiscus Petroleum, has moved from the assessment phase into the authorisation phase.
Shareholders to pitch splitting TotalEnergies CEO and chairperson roles
Investors in French oil major TotalEnergies (LON: TTE) will call for the division of the role of CEO and chairperson of the company, claiming this could speed up its transition towards clean energy.
Swiss failed citizens on climate, human rights court says
First-of-its kind case leads to landmark climate ruling, which is likely to have ramifications across Europe.
Oilfield services giant SLB has no plans to exit Russia
Oilfield services giant SLB (NYSE: SLB) has no plans to exit Russia, its CEO has said, two years after Moscow’s invasion of Ukraine.
Ineos fined £400,000 after Grangemouth worker ‘severely burned’
Ineos has been hit with a £400,000 fine after a worker received "severe" burn injuries from falling into a chemical pit at its Grangemouth refinery.
Harbour Energy ‘confident’ on completing Wintershall DEA deal despite German headwinds
Harbour Energy executives remain confident the company's planned takeover of Wintershall Dea will get approval from German authorities.
Russia’s oil and gas revenue jumped in February in budget boost
Russia’s oil and gas revenue jumped more than 80% in February from a year earlier to over $10 billion due to higher prices for the nation’s crude as its producers withstood Western sanctions.
AF Offshore Decom teams up with Sapura in APAC entry
Sapura Energy and Norway’s AF Offshore Decom have launched a new decommissioning venture, Kitar Solutions.
After ‘difficult year’ Wintershall Dea looks to Harbour deal, CCS progress
Wintershall Dea saw profits fall while production remained steady, in a year of ‘macroeconomic headwinds’.
Repsol pledges €10 billion in attempt to win over investors
Repsol will increase its dividend by 29% and buy back more shares, following the trend set by most other major oil companies of rising shareholder returns despite lower profits.
Jim Ratcliffe: Europe’s chemicals sector risks ‘sleepwaking’ into job losses
Sir Jim Ratcliffe, one of Britain's richest men, has launched a scathing attack on Europe's chemicals policies.
Russia loses bid to overturn $50bn award in Yukos case
Russia failed to overturn a ruling in the Netherlands that ordered Moscow to pay around $50 billion in the bankruptcy case of Yukos Oil Co., once the largest Russian oil and gas company.
Eni extends Cronos find, fuelling fast-track plans
Eni has reported success at the Cronos-2 well offshore Cyprus, noting “excellent gas deliverability capacity” at the find.
Europe coming to terms with LNG, Shell says, but still short
“Two or three years ago all you would hear about [from policymakers] was decarbonisation. Now, I think there’s much more balanced conversation around security of supply, affordability and decarbonisation,” Hill said.
Var Energi: Norway independent struck by half-billion dollar Balder write-down
Costs linked to the upcoming Balder development cut down profits at Var Energi (OSLO: VAR), Norway’s second-largest independent operator.
Equinor targets US, UK and Brazil for cash flow growth
“But most of the cash flow increase is coming from improvements in the quality of the portfolio. We're shifting from mature legacy assets to next generation assets.”
VNG inks Germany’s first deal with Algeria for pipeline gas
The Leipzig-based company, controlled by EnBW Baden-Wuerttemberg AG, is the first German gas trader to reach such an agreement with the North African country, said the people who asked not to be named as the business is private.
Sweden closes probe into explosions on Nord Stream pipelines
Swedish officials said they have decided to close their investigation into the September 2022 explosions on the Nord Stream gas pipelines which were built to carry Russian natural gas to Germany, saying they do not have jurisdiction.
TotalEnergies hikes dividend, shrugs off profit drop
TotalEnergies SE (LON:TTE) raised its dividend and continued share buybacks, shrugging off a 31% drop in fourth-quarter earnings caused by weaker oil and gas prices and shrinking refining margins.
Germany paves way for major expansion of gas power plants
The plan requires developers to upgrade stations to burn hydrogen sometime between 2035 and 2040
Gas-addicted Europe trades one energy risk for another
Europe, long-reliant on Russian natural gas, has nearly severed its dependency on the Kremlin in less than two years. Its preferred replacement — gas from the US — is widely viewed as abundant, politically palatable and less likely to be choked off than pipelines from Siberia.
Fire tied to Ukraine drones shuts Novatek Baltic Sea fuel plant
Separately, the BBC, citing an official source in Kyiv it didn’t identify, said special forces struck the plant with drones.
Shell’s appeal of landmark climate ruling to begin in April
The Shell appeal will be heard in The Netherlands beginning on April 2
Who won? Companies celebrate as Norway dishes out oil and gas licences
A total of 24 companies have been offered oil and gas licences in Norway from the APA 2023 round.
Tyra partners eye volume boost from new drilling
Partners behind Denmark’s Tyra redevelopment have confirmed a final investment decision for new drilling set for later this year.