Total takes stake in next Qatari LNG expansion
TotalEnergies has signed up to take a 9.375% stake in Qatar’s next phase of LNG expansion, North Field South (NFS).
Europe
European Oil and Gas news
Discovery of ‘significant non-compliance’ behind delay to Tolmount start-up
A detailed timeline of the events that delayed the start-up of Harbour Energy’s Tolmount gas field has been published.
Government to fast track five North Sea oil and gas fields, including Cambo and Murlach
A handful of North Sea oil and gas schemes have been included in a list of infrastructure projects the UK Government is aiming to fast track.
Energean bumps up Abu Qir output
Energean has started up a new well on its Abu Qir concession, in Egypt. Abuqir Petroleum, a joint venture of Egyptian General Petroleum Corp. (EGPC) and Energean, has completed a new sidetrack, the NA/Q-PII#6 ST.
‘Huge victory for contractors’ as Kwarteng pledges to repeal IR35 tax rules
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The Chancellor has pledged to repeal controversial changes to off-payroll working laws in a bid to boost the labour market.
Vitol reaches debt deal with fire-ravaged Cameroon refiner
Cameroon has renegotiated its refinery debt with trader Vitol, bringing it into line with an agreement reached last year with domestic banks.
All Europe Posts
Germany nationalises gas giant Uniper to avert winter energy collapse
Germany will nationalise Uniper in a historic move to rescue the country’s largest gas importer and avert a collapse of the energy sector in Europe’s biggest economy this winter.
Chevron tees up Aphrodite plan, as ministers talk maritime borders
Chevron and partners have signed up to develop the Aphrodite field, offshore Cyprus, with drilling due to start in the first half of 2023, while political talks are continuing.
‘Bazooka’ of oil preventing Brent Crude price from hitting $200
A “bazooka” of oil from the US reserve, lockdowns in China and a “surprising durability” of production in Russia are preventing Brent Crude oil from hitting $200 a barrel.
Fitch warns of tough 2023 amid markedly higher gas prices
Fitch Ratings has increased its short and medium term gas price assumptions, based on an assumption of no further Russian supplies into the European Union.
Offshore rig day rates could surge to $500,000
It could soon cost half a million dollars a day to hire an offshore rig, according to executives in the industry, in a stunning turnaround for day rates since Covid.
Germany considers nationalising Uniper
Talks are under way over Germany buying a major stake in Uniper, amid “increased uncertainties”, the company has said.
Dozens of applications for Norway oil and gas licensing round
Dozens of companies have applied for acreage in the latest oil and gas exploration round in Norway, though it is the lowest figure in recent years.
Equinor boss shares early memory of meeting the Queen
Equinor boss Al Cook shared an early memory of meeting the Queen following the monarch's passing yesterday.
Energy industry pays tribute to Queen Elizabeth II
Figures from the energy industry have added their voice to mourners around the world following the death of the Queen.
EnerMech creating 170 jobs with first Ireland facility
Aberdeen-headquartered energy services firm EnerMech has said it will create around 170 jobs with the launch of its first facility in Ireland.
Finding only negligence, OMV opts out of suing former CEO
OMV has cleared former CEO Rainer Seele of misconduct. It did find evidence of negligence in some of his actions, it said in a report.
EIG buys into Repsol Upstream for $5bn
Investment group EIG is buying a 25% stake in Repsol’s upstream unit for $4.8 billion, with an eye on a potential US IPO in 2026.
MAM launches to tackle LNG fuel’s methane slip problem
A new group is launching today with a focus on managing methane emissions in shipping, using LNG as a fuel.
Woodside to supply LNG to Europe in Uniper deal
Australia’s Woodside Energy (ASX:WDS) will supply liquefied natural gas (LNG) from its global portfolio to Europe, including Germany, starting in January 2023 after signing a flexible long-term deal with Uniper.
Dutch eye windfall tax in $16 billion plan to ease energy costs
The Dutch government is said to be working on up to 16 billion euros ($16 billion) in funding to alleviate the burden of high energy prices and runaway inflation on its citizens.
JERA, Uniper target LNG supplies, then ammonia
Japan’s JERA and Germany’s Uniper have teamed up to back an ammonia project in the US Gulf Coast, with a focus on exports to Germany. In the near term, it should also secure new LNG supplies.
Russia delivers huge blow to Europe by keeping key Nord Stream gas pipeline shut
Russia will keep the key Nord Stream 1 gas pipeline to Germany shut, state-owned energy giant Gazprom said on Friday, delivering a massive blow to Europe.
German-Canada hydrogen plans set the marker for progress
Germany has been on the hunt for new LNG supplies in order to stave off the near term crisis of stuttering Russian gas supplies. Chancellor Olaf Scholz’s visit to Canada did not come through on the LNG front, but he did seal an ambitious deal on hydrogen.
Germany books fifth FSRU for 2023-24
Germany's government has secured the delivery of a fifth FSRU in a bid to tackle the country's gas challenge.
Allseas lands huge North Sea decommissioning contract with Taqa
Allseas has won what it has described as the largest ever single decommissioning contract for the UK North Sea by weight with operator Taqa.
Lukoil chairman dies in mysterious circumstances
Lukoil chairman Ravil Maganov has died, seemingly of falling from a hospital window in Moscow.
Europe braces for rationing risks in Russian gas showdown
Europe faces the risk of blackouts, rationing and a severe recession if Russia further slashes gas deliveries, and the next reality check is at hand.
Iran may drain offshore crude oil cache if nuclear deal reached
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out.
TotalEnergies denies supplying fuel for Russian fighter jets
TotalEnergies has denied a role in fuelling Russian fighter jets in their attacks in Ukraine, in response to allegations published today by France’s Le Monde.
Chevron, NewMed work on gas export options from Israel
Chevron and partners are keen to increase gas exports to Israel’s neighbours and have made a bid to secure all capacity in a proposed pipeline to Egypt.
