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
Aker BP snaps-up Tullow licences
The newly formed Aker BP has taken over a string of Tullow Norge’s licences.
Akastor sells-off Frontica IT for NOK1billion
Akastor has sold-off its Frontia IT business in a NOK1.03billion deal.
SNP leaders object to energy from waste plant
Two prominent SNP politicians have teamed up to oppose a controversial multimillion-pound incinerator project planned for the north-east.
Acteon boss spells out impact of market downturn
Acteon Group, the parent of subsea service firms operating globally from locations including Aberdeen, took a financial pounding in 2015 and it has predicted more turnover woe this year.
Fast facts: High Temperature Facility Q&A
Amec Foster Wheeler opened a new High Temperature Facility (HTF). Here's a breakdown of what the hub can do, who will fund it and what the benefits are.
Amec Foster Wheeler opens new High Temp Facility in the UK
Amec Foster Wheeler has opened a new High Temperature Facility (HtTF) in a bid to "re-establish the UK as a major contributor of advanced generation technology".
Sound Energy gears up for Badile work
Sound Energy has kick-started work on its Badile exploration well site.
Norway production falls nearly 10%, but beats predictions
Norwegian production averaged 1.9million barrels of oil, NGL and condensate in August – 9.5% decrease month-on-month.
Netherlands literally running out of gas
The European Union’s biggest natural gas producer is running out of reserves.
Doriemus reports 282 million barrels of oil per square mile in its UK Weald Basin discovery
Doriemus today revealed its Brockham-1 well in the UK’s Weald Basin contains 282 million barrels of oil per square mile.
Statoil’s Johan Castberg to generate NOK29billion for economy
Statoil today outlined the "ripple effect" its mammoth Johan Castberg project will create for the region.
InfraStrata UK takes 25% stake in Northern Ireland firm
InfraStrata UK has acquired an additional 25% stake in Islandmagee Storage Limited – a developer of the gas storage facility in Northern Ireland
Dong Energy to appeal ‘surprising’ Danish court abuse decision
Dong Energy today vowed to appeal a Danish court's 'surprising' verdict.
Carbon capture seen competitive with offshore wind in UK
The U.K. could build facilities to capture and bury carbon pollution under the sea at a similar price to offshore wind farms and nuclear plants, a government adviser will say Monday, setting out options for tackling climate change.
Oil impairments at Norway’s banks set to rise, regulator says
Norway’s financial regulator said that banks exposed to oil-industry losses face a rise in impairments that will erode profits as the full effect of the slump in crude prices runs its course.
Jeremy Corbyn’s energy polices naive and short-sighted, says Labour-backing GMB
Jeremy Corbyn’s policies on energy have been condemned as “naive and short-sighted” by one of Labour’s major union backers.
Dip in oil tax leads to Norway’s first deficit in 20 years
A dip oil tax revenue has led to Norway’s first budget deficit in 20 years.
Brexit with a French twist
An Aberdeen-based reservoir engineering consultancy has invited local French nationals and people interested in trading with France to a Brexit-focused business meeting today.
Labour offer in bid to help UK ratify climate change agreement
Labour has offered to work across party lines to allow the UK to follow the lead of the US and China in agreeing to ratify the Paris agreement on climate change.
Union Jack Oil fully funded for onshore push
Union Jack Oil today confirmed it was fully funded and debt-free as it pursues its latest onshore campaign.
Ascent Resources snaps up Trameta doo
Ascent Resources has completed is take over of Trameta doo.
Zenith aces first offshore well project in Italian waters
An Aberdeen-based firm said today it was celebrating the completion of its first offshore well management project.
Gas stays low despite Kiev’s Russian invasion warning
How can you tell there’s a gas glut in Europe? When even the threat of a full-scale invasion into the continent’s largest gas transit country by its largest outside supplier can’t raise prices.
Kårstø shutdown will see hundreds of extra bodies needed
A planned maintenance shutdown of the Kårstø gas processing plant will see more than 500 extra workers needed.
Gazprom to go it alone after Nord Stream 2 joint venture bid collapses in Poland
A consortium of Gazprom and five European allies has withdrawn its application to set up a Polish joint venture to build the Nord Stream 2 pipelines in the Baltic Sea.