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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Wintershall DEA moves forward with £670m Dvalin North, a year after discovery
Wintershall DEA is to press ahead with development of Dvalin North, the largest discovery in Norway in 2021.
TotalEnergies takes $3.7bn hit over stake in Russia’s Novatek
French oil giant TotalEnergies (XPAR: TTE) will take a $3.7bn impairment in its Q4 results as it writes down its stake in Russian gas producer Novatek and withdraws directors.
Ukraine’s largest private energy firm on supplies, sanctions and planning for a green future
As one of the world’s largest exporters of oil and gas, Russia’s inhuman invasion of Ukraine was always going to spark a chain reaction within the industry.
Equinor to press ahead with £385m Verdande oilfield
Equinor has submitted plans to press ahead with the £385m Verdande oilfield in Norway.
Germany lost to Japan…but still put its foot on the gas in Qatar
Since I’m on my way to Doha as I write, what better subject than LNG and the boom which will keep the dollars flowing into Qatar for decades to come.
Europe’s New Sanctions on Russian Oil Kick In: What Changes?
After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday. How big their impact will be remains uncertain.
Italy mulls support for fossil fuels despite climate promise
The Italian government is considering financing for international fossil fuel projects that would generate emissions 3.5 times greater than Italy’s, Oil Change International warns.
Russia to defend revenues in face of price cap
With just days remaining until the European Union imposes a price cap on Russian oil, much uncertainty remains.
Aramco bulks up on gas, closes Polish deals
Saudi Aramco has discovered two new unconventional gas fields in the country’s hydrocarbon-rich east.
Conoco signs up to receive Qatari LNG in Germany
QatarEnergy (QE) has struck a deal to supply LNG to ConocoPhillips, for delivery to Germany into the 2030s.
Germany windfall tax delayed until beginning of December
Germany will delay the start of a planned windfall tax for power producers, the Economy Ministry said.
Putin’s war leaves West more reliant than ever on Asian fuel
The war in Ukraine is strengthening the role of Asia and the Middle East as the world’s main providers of fuels like diesel and gasoline that are crucial to the global economy.
Tripoli takes Greece to task over minister who wouldn’t budge
Libya’s Tripoli-based government has recalled its ambassador to Greece, among widening political tensions.
Hibiscus financials bolstered by high oil prices
Malaysia-based Hibiscus Petroleum today reported that relatively strong oil and gas prices have contributed positively to the profitability levels in all the group’s producing assets in Malaysia and the UK.
XR goes big on fake oil in protests at SLB, Ineos and others
Extinction Rebellion has targeted a number of companies it sees as implicated in fossil fuel production, including service companies, financiers and a PR company.
Sweden confirms sabotage behind Nord Stream explosion
Swedish prosecutors have concluded that sabotage caused the Nord Stream explosions, in September.
What if Europe ends up with too much gas?
A relentless stream of bad news has kept European gas markets tight and on edge.
Methane emissions in the crosshairs for energy industry
Tackling methane emissions should be an easy way to make progress in tackling climate change – and point to how willing the energy industry is to the energy transition.
Novatek dodges bond default through shift to ruble payments
Novatek noteholders have agreed to change the terms of a $1 billion Eurobond, letting the Russian company pay in rubles instead of US dollars.
COP27 activists pursue Pouyanne over Russia “blood money”
Activists at COP27 have accosted Patrick Pouyanné, CEO of TotalEnergies, to demand answers about “bloody money” from the company’s Russian operations.
Market says go for LNG, climate NGOs says stop
As COP27 continues apace, the slew of demands for more – or less – hydrocarbon investments is mounting.
Russian supplies to fall 2mn bpd under sanctions
International sanctions on Russian crude will reduce supply by 2 million barrels per day of crude, Windward AI CEO and co-founder Ami Daniel has predicted.
NewMed signs up to supply Uniper with Israeli LNG
NewMed Energy has signed a non-binding memorandum of understanding (MoU) to supply natural gas, and develop blue hydrogen, for delivery into Europe with Uniper.
Why a flexible turnkey service approach is fundamental in elevating the UK’s decommissioning success to an international level
For the last 50+ years, the UK’s energy industry has been dominated by oil and gas activity, but as our industry matures, it faces increasing opportunities in decommissioning.
Spotted? Workers catch glimpse of North Sea rig being broken up in Turkey
Workers appear to have caught a glimpse of a North Sea oil rig being broken up at a yard in Turkey.