European gas surges 13% as Norway fault exposes supply fragility
European natural gas prices surged to the highest this year after flows from Norway slumped, highlighting the risk of relying too much on one major supplier.
European natural gas prices surged to the highest this year after flows from Norway slumped, highlighting the risk of relying too much on one major supplier.
Wintershall Dea will sell its 5% interest in the Nyhamna terminal to CapeOmega and its 13.3% interest in the Polarled pipeline to Solveig Gas Norway.
Norwegian fabrication firm Kvaerner will scrap the Nyhamna facility's subsea compression pilot for Shell.
The Norwegian Petroleum Directorate (NPD) has approved the expansion of Shell’s gas plant at Nyhamna, Norway.
Shell has been hit with improvement points after an audit was carried out by the Norwegian Petroleum Safety Authority (PSA) on working conditions in the central control room at the Nyhamna facility.
The Norwegian Petroleum Safety Authority (PSA) has completed an investigation into Norske Shell and contractors’ own follow-up of incidents involving objects last year at Nyhamna.
Norway’s natural gas pipeline manager and the nation’s power grid are at odds over whether a solitary electricity cable across 75 miles of fjords and rugged mountains is enough to ensure supply to a processing plant that helps warm millions of European homes every winter.