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
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A consortium of Gazprom and five European allies has withdrawn its application to set up a Polish joint venture to build the Nord Stream 2 pipelines in the Baltic Sea.
Two fuel tanks breached on Transocean oil rig
Fuel tanks on the grounded drilling rig on Lewis have been breached, releasing an unknown amount of diesel oil into the sea.
E.On’s UK sales tumble as customers move to smaller rivals
Energy giant E.ON has become the latest Big Six provider to suffer amid competition from smaller rivals after falling customer numbers sent sales in its UK residential arm tumbling 19%.
Cromarty Firth enjoys business boom
Activity across three of the main industry sectors it serves saw the Port of Cromarty Firth report its busiest day of the year so far this week.
Ineos hails shale gas “renaissance”… but Scotland must be engaged
The first shipment of shale gas from fracking is to arrive in Scotland within weeks, Ineos bosses confirmed as they hit out at the Scottish Government’s “absurd” moratorium on the controversial practice.
Wintershall Norge gets go-ahead for wildcat
Wintershall Norge has been given the green light to drill a wildcat well offshore Norway.
NOK125million up for grabs for technology ideas supporting the Norwegian Continental Shelf
A record-breaking NOK125million is up for grabs for technology pitches geared at supporting the Norwegian Continental Shelf.
Western Europe’s biggest oil producer has a surprise for markets
For Norway, the collapse in crude prices has a silver lining: output has exceeded expectations every month for the past two years.
Lundin Petroleum kickstarts Barents Sea drilling campaign
Lundin Petroleum today launched its Barents Sea drilling campaign.
Norway’s production falls
Norway’s production fell in June, it was today confirmed.
Blunt warning on fate of UK after Trident vote
A senior Tory MP has warned that the renewal of Trident could lend succour to the SNP and “prove instrumental in the Union’s undoing”.
Paul Wheelhouse calls for urgent talks with UK government on climate change policies
Scottish Energy Minister Paul Wheelhouse has called for urgent talks with the UK Government following Theresa May’s decision to axe the Department of Energy and Climate Change at Whitehall.
ABB wins $30million contract for Statnett
ABB has won a contract worth more than $30million for Norway's transmission operator Statnett for two substations.
Norwegian Petroleum Directorate carries out successful ROV campaign
The Norwegian Petroleum Directorate (NPD) said it has carried out four successful ROV (remotely operated underwater vehicle) dives and has acquired depth data near the Voring Spur in the western Norwegian Sea.
Akastor’s financials suffer amid “weak market”
Akastor’s finances and employee count are both down as continues to battle “weak market conditions”.
Europa Oil & Gas swaps salaries for shares
Europa Oil & Gas has awarded a total of 3,560,000 options to buy ordinary shares of 1p each in the company.
Europa Oil & Gas awarded four new licences offshore Ireland
Europa Oil & Gas has beefed-up its portfolio with four new licences offshore Ireland.
Norway will keep the UK warm this winter with gas supply boost
Britons won’t have to worry about staying warm this winter and they have Norway to thank.
Norwegian oil workers win compensation after being terminated by email
A Norwegian district court has ruled a group of oil workers are entitled to an extra month’s pay, after they were terminated by email.
Union calls for boycott on Bibby Offshore, for alleged “social dumping”
Industri Energy said it plans to boycott Bibby Offshore this summer over alleged arguments around “social dumping”.
Hinkley Point subsidy may reach £37billion, twice last estimate
Subsidies promised to Electricite de France SA by the U.K. for power generated from the Hinkley Point C nuclear station are projected to reach £37billion ($48billion), more than twice the estimate made a year ago, according to data published on a government website Thursday.
Industri Energi rejects Norway union deal, labels it illegal
Industri Energi has blasted a union deal, which averted the threat of a second strike in the space of one week.
Russia said to mull oil tax revamp to remove neighbors’ benefits
Vladimir Putin’s government is considering shifting the burden of oil taxes from the point of export to the point of extraction, a move that would eliminate the benefit of duty-free supplies enjoyed by neighboring Belarus and Kazakhstan, according to two officials familiar with the matter.