J+S Subsea expands on offering its recycled North Sea treasure trove
Aberdeenshire’s J+S Subsea has opened the doors of a new facility as it targets growth and looks to become a credible competitor to tier one North Sea suppliers.
Europe
European Oil and Gas news
Dutch court overturns order for Shell to take responsibility for petrol emissions
A Dutch court has overturned a landmark ruling against Shell that would have forced the oil company to reduce emissions produced by its petrol customers.
All Europe Posts
Uniper posts €40 billion loss as Russia throttles gas supply
Uniper reported one of the biggest losses in German corporate history, with Russia’s stranglehold on gas supplies leaving the giant utility struggling to survive.
Goldman Sachs tips European gas prices to fall by 30%
Gas prices have been tipped to fall by as much as 30% in the near future as concerns about supply shortages ease.
Gas finds helped deliver East Med deal, but inflation is looming
The drive to secure additional energy supplies in the East Mediterranean was a rare case of hydrocarbons aiding, rather than hindering, a political agreement, Energean head Mathios Rigas said this morning.
BP CEO sets out mission of “pay taxes and invest”
The energy industry’s job is to “pay our taxes” and invest, BP (LON: BP) CEO Bernard Looney told attendees at the Adipec conference today.
Amid European gas talk, ICE sets out new LNG futures
Intercontinental Exchange (ICE) has launched two new LNG futures: North-West Europe and South-West Europe, as the continent struggles to make sense of tumultuous gas pricing.
TotalEnergies’ Russian LNG impairment keeps on rising
TotalEnergies has increased its Russia impairment by another $3.056 billion over challenges in its LNG plans.
Flagship OEUK decommissioning conference returns
Energy trade body, Offshore Energies UK (OEUK), is set to host its Offshore Decommissioning Conference next month with sessions hosted by industry experts.
Germany scores Excelerate FSRU, seeing off Albanian interest
Germany has signed a five-year contract for an FSRU, with US-listed Excelerate Energy.
Italy approves floating LNG terminal in bid to cut Russian gas
Gas network operator Snam won approval to install Italy’s newest liquefied natural gas terminal, overcoming local opposition and boosting the country’s bid to improve energy security and wean itself off Russian supplies.
Rishi Sunak to become prime minister after winning Tory leadership race
Rishi Sunak has been confirmed as the new Tory leader and will become Britain’s next prime minister.
Russian attacks target Ukraine power plants
Russian attacks on Ukraine have destroyed 30% of Ukraine’s grid, President Volodymyr Zelensky has said.
Var Energi warns of production drop after ‘operational issues’
Var Energi (OSLO: VAR) has warned of a production drop and a $260 million exchange rate hit in its upcoming Q3 results.
Al Cook trades up oil for diamonds as he leaves Equinor for De Beers
Al Cook is trading up oil exploration with Equinor for hunting for diamonds in Africa with De Beers.
Why can you live within six miles of a gas flare in Fife, but not Iraq?
A recent investigation linked gas flaring to cancer cases in Iraq, so where does this leave people living around Mossmorran in Fife?
Waldorf Production buys TAQA and Dana Dutch oil and gas businesses
Waldorf Production has struck deals to buy the Netherlands businesses of fellow North Sea producers TAQA and Dana Petroleum.
Europe set to repeat gas mistakes of the past
Europe has a history of energy policy failures that it is showing few signs of correcting, according to Israeli energy expert Gina Cohen.
UK seeks 20-year gas deal with Norway to avoid winter blackouts
The UK is on the cusp of securing a natural gas contract with Norway for as long as 20 years in a bid to stave off the risk of winter blackouts, people familiar with the matter said.
Shell CEO has ‘flung open a door on windfall tax’
Shell (LON:SHEL) CEO Ben van Beurden has “flung open a door on windfall tax which the UK Government had been trying to close”.
Shell CEO says governments need to tax energy firms to help poor
Governments need to tax energy producers to help the poorest people deal with the soaring cost of fuel, said the CEO of Shell (LON:SHEL).
‘It’s been an awesome ride’: Employees say goodbye to Maersk Drilling as Noble merger completes
Employees have said their farewells to Maersk Drilling as the firm completes its merger with rival Noble (NYSE, Nasdaq: NE).
Shell, Aramco heads warn of gas, oil supply squeeze
The lack of fungibility of the gas market is set to pose a major challenge for Europe in the near term, the heads of Saudi Aramco and Shell agreed today.
Dick Winchester: The people’s interest should come first amid energy crisis
I have never accepted the artificial division of politics into left or right wing. There are policies that work for people and lead to economic, industrial and social progress and policies that don’t and any political party is capable of producing either.
Just Stop Oil stops up Downing Street, Trafalgar Square
A group of Just Stop Oil protesters have staged a sit in outside No 10 Downing Street and Trafalgar Square. They have pledged to return “every single day” until the government meets the group’s demands.
Nord Stream leaks end, as Russia and US butt heads at UN
The Nord Stream pipelines appear to have stopped leaking, according to the Danish Energy Agency, while accusations are thrown over responsibility.
Europe’s record-low gas use to continue slide in 2023, IEA says
European natural gas demand will slump next year as high prices drive nations to enact energy-saving measures amid Russian supply curtailments, according to the International Energy Agency.
