Competence vs complacency: why assuring ongoing technical competence is safety-critical
“I’ve been working on the tools for decades, why should I have my competence checked.”
Europe
European Oil and Gas news
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Putin sees Turkey gas-hub agreement in ‘very near future’
Russia is close to an agreement with Turkey to set up a natural gas trading hub as the Kremlin seeks alternative export routes for the fuel.
Zenith dips out of Yemen and into Kazakhstan
Slightly more than three hours later, Zenith announced the signing of a memorandum of understanding for an asset in Kazakhstan.
Octopus to take over Shell’s home energy businesses in the UK and Germany
Shell has announced that it has sold its home energy businesses in the UK and Germany to Octopus Energy Group.
Equinor awards £291m worth in contracts for two rigs in Norway
Equinor has signed two deals with COSL Offshore Management to use the COSLPromoter and COSLInnovator rigs in Norwegian waters worth £291 million.
Greenpeace calls for Rugby Wold Cup oil ads to be sent to sin bin
Ahead of the Rugby World Cup, Greenpeace has called for a ban on all fossil fuel advertising and sponsorship in sports.
Rejecting Egypt route, Cyprus aims to capture more Aphrodite value
Pressure has been growing on the Cypriot government to increase local benefits, particularly given high electricity prices.
Europe gas advances as lower Norway flows add to supply risks
European natural gas prices extended gains as a slump in Norwegian exports added to lingering concerns about possible disruptions at key Australian export facilities.
P&O cruise ship crashes into oil tanker, injuring passengers
A P&O cruise ship with thousands of passengers on board collided with an oil tanker off the coast of Palma de Mallorca in Spain on Sunday, injuring a small number of people.
BP signs 10 year deal to supply LNG to Europe
BP (LON: BP) has signed a long-term sale and purchase agreement with the Austrian firm OMV to supply 1 million tonnes of liquefied natural gas per year for the next decade.
Prosafe announces appointment of ‘unique’ new CEO
Accommodation vessel operator Prosafe (OSLO: PRS) has confirmed the appointment of a new chief executive.
Eni, Neptune deal further evidence of European majors changing tack on M&A
The winds of change appear to be blowing through Europe’s oil and gas sector as Big Oil moves away from its strategy of streamlining.
Russian oil transfers on the rise in West Africa
In the second quarter of the year Windward reported another big increase in Malacca, up 200% from the first quarter. Malta, meanwhile, was up 220% on the quarter.
Greenpeace challenges Le Havre LNG import terminal
Greenpeace said France must demonstrate LNG imports are “the best option available”. If it cannot do this, the NGO said, the directive from March 2023 on commissioning the Le Havre FSRU should be cancelled.
Denmark launches mini licensing round, two years after forming Beyond Oil & Gas Alliance
Denmark played a key role in setting up the Beyond Oil and Gas Alliance (BOGA), a group formed during the COP26 conference in Glasgow.
Italian contractor Saipem wins $550m rig contracts
Saipem (BIT: SPM) has been awarded a pair of offshore drilling contracts worth a total of $550 million.
OMV, Romgaz approve major Romanian gas plan
"Starting with 2027, we will have a new natural gas source with potential to significantly increase the country's natural gas production, thus securing safety of supply.”
Netherlands set to close Europe’s biggest gas field this year
The Dutch government is set to permanently shut down the Groningen gas field in October after years of earthquakes in the region damaged thousands of houses, according to people familiar with the matter.
High stocks relieve LNG market tension
“We think JKM-TTF spreads will turn negative for the autumn shoulder season,” says Jake Horslen, senior LNG analyst at Energy Aspects.
Gas price plunge brings relief to Europe after energy panic
European gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in inflation and bring relief to consumers.
Neptune brings further gas production online in Germany
Neptune Energy has announced first gas production from its Adorf Z17 onshore gas well in Germany.
Irish Sea can play pivotal role in UK energy security and net zero
Energy Pathways, an independent working on the Marram gas field in the Irish Sea, talks about the region's importance for UK energy security and net zero.
Awilco will not appeal arbitration ruling against Keppel
Keppel claimed $440mn plus interest for the first rig million and $269mn plus interest for the second rig. Awilco has warned that any ruling against the company could result in bankruptcy.
Lamprell names former McDermott exec as new CEO
UAE-based fabrication firm Lamprell has named former McDermott executive Ian Prescott as its new CEO.
Eni delivers Egyptian LNG to new regas plant at Piombino
Eni will completely replace Russian gas supplies by 2024-25, it has said.
WellGear eyes 100% workforce growth on contracts drive
A clutch of new contracts, including three signed in the UK over the last month, are expected to help energy services firm WellGear globally double in size over the next two years.
