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
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.
Middle East’s approach a “lesson” for the world, Wood CEO says
The Middle East’s investments in energy will see the region come to lead in the energy transition, Wood CEO Ken Gilmartin has said.
Well-slot: Two active exploration wells in Norway
As of 27 October, Westwood Global Energy reports that there are two exploration wells active, one in the Northern North Sea and one in the Norwegian Sea. Since the previous report, one exploration well program has completed.
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.