Centrica boss ‘worried’ about low gas storage reserves
Christopher O’Shea, chief executive of British Gas owner Centrica, has said he is “worried” about low gas reserves this winter.
Europe
European Oil and Gas news
Aberdeen’s ASCO wins £70m contract with Aker BP in Norway
Aberdeen-headquartered ASCO has been awarded a £70 million contract by Aker BP for work across its Norwegian operations.
Dutch and Norwegians cashing in on wind and cable ship boom
2024 ended on a high at Concordia Damen, with the Dutch shipbuilding group reaching the roughly halfway stage in the design, build and delivery of two 550ft (167.5m) roll–on–roll–off wind turbine systems carriers for fellow Dutch company Amasus, with delivery of the first sister expected later this year (2025).
All Europe Posts
Cyprus signs off on Aphrodite exploitation plan
Cyprus has issued an exploitation licence to three companies to develop the Aphrodite field, with gas to be exported to Egypt for liquefaction.
Sovcomflot lines up cash for Arctic LNG 2 carriers
Sovcomflot has signed an agreement on lease financing with VEB.RF Group, for the first of a series of icebreaking LNG carriers (LNGCs) that will serve Arctic LNG 2.
Low demand, US supply squeeze OPEC
Oil demand will reach 101 million barrels per day in 2020, OPEC’s World Oil Outlook (WOO) has said.
LNG comes through for Shell and Total
While low LNG spot prices have taken their toll, the Europe’s two major players in the sector, Total and Shell, performed strongly in the third quarter.
Russia meets Africa at Sochi
A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
French NGOs pressure Total over Uganda work
A group of NGOs has filed in a French court to compel Total to disclose details of its human rights and environmental plans in Uganda.
Yamal LNG shipping venture cleared from US sanctions
A Teekay and COSCO joint venture operating LNG tankers serving Yamal LNG has been cleared to resume operations.
Gunvor failed to prevent bribery in West Africa
The Office of the Attorney General (OAG) of Switzerland has ordered Gunvor to pay almost 94 million Swiss francs ($94.7mn) for failing to prevent corruption in Congo Brazzaville and Cote d’Ivoire.
Lukoil signs up for Ghasha work with ADNOC
Lukoil has signed up for a 5% stake in the Ghasha concession, as a part of a broader package between the United Arab Emirates and Russia.
Cepsa to sell out of Medgaz link
Sonatrach has signed a deal to increase its stake in the Medgaz gas pipeline to 51%, from 43%. The remainder will be held by Naturgy.
“Freedom gas” in Ukraine scrutinised amid US corruption allegations
The US has set out charges against two men, Lev Parnas and Igor Fruman. The two men, who were involved in schemes for LNG imports into Ukraine, are accused of violating campaign finance laws.
BP’s Dudley comes out swinging for gas
BP’s outgoing CEO Bob Dudley gave a defence of natural gas as one part of the world’s future energy mix, at a conference in London.
GECF concerned as sanctions threaten Yamal LNG expansion
The Gas Exporting Countries Forum (GECF) has expressed “deep concern” about sanctions in the gas sector, the group has said after a meeting in Moscow.
Providence shares dented as Chinese partner fails to deliver, Total hands back licence
Shares in Irish oil explorer Providence Resources sank in London yesterday after the firm confirmed it would seek a new partner for its Barryroe asset off the south coast of Ireland.
GMS battles forward
Gulf Marine Services (GMS) has made progress in shoring up its future but much rests on its negotiations with lenders.
Solo plans European reorientation
London-listed Solo Oil is cutting assets it no longer sees a future in and shaking up its personnel, in part of its drive to become a mid-cap exploration and production company.
Japanese backers for Novatek’s transhipment plans
Novatek has signed deals with Mitsui OSK Lines (MOL) and the Japan Bank for International Co-operation (JBIC) on its LNG transhipment projects.
Total sets out cautious stance
Total’s investor presentation walked a fine line between commitments to new projects and steps to secure the confidence of investors.
NEOT seizes opportunity with Kairos bunkering
Finland’s NEOT has become the first company to bunker LNG from the Kairos vessel, in Sweden’s Port of Södertälje.
Dutch gas shutdown puts at risk future of Europe’s biggest hub
Even the seller of natural gas from Europe’s largest field was taken aback by the Dutch government’s decision last year to close it forever.
Neptune swoops for stakes in German fields
Neptune Energy will acquire interests in a number of oil and gas fields in Emsland and the Grafschaft Bentheim region in Germany from Wintershall Dea.
Exxon’s loss in European court could boost carbon market
ExxonMobil’s loss in a court case in Europe may translate into a gain for carbon prices in the continent’s emissions trading system.
Wood grows chemicals business with new contract in Germany
Aberdeen-headquartered Wood has been picked for a construction job at a chemicals plant in Germany.
Europeans have bigger issues than Brexit
For our European neighbours, there are other big issues around apart from Brexit.
ExxonMobil makes ‘world-leading’ discovery offshore Cyprus
US major ExxonMobil has made a huge gas find off the coast of Cyprus, which is being touted as one of “the biggest discoveries of the year”.
