Oil investing in a carbon-averse world
The world continues to need investment in the oil and gas sector, according to most forecasts, but this is an increasingly difficult pitch for investors given concerns over carbon emissions.
Europe
Russian-Turkish ceasefire for Libya takes flight
A ceasefire in Libya driven by Turkey and Russia has received backing from the two major factions in the North African country, with hostilities having officially stopped on January 12.
Russia, Turkey call for Libya ceasefire
Russia and Turkey have called for a ceasefire in Libya, to come into force as of midnight January 12.
Russia Readies New Gas Link to Europe in Defiance of US
Russia officially opened its TurkStream natural gas pipeline on Wednesday, further diversifying export routes to Europe amid a backlash from the U.S.
European gas prices fall as Ukraine, Russia deal averts crisis
European gas and power prices extended declines after a last-gasp accord between Russia and Ukraine on natural gas flows averted a winter supply crisis.
Making progress with Progressive TSL
Working in different locations presents various logistical problems for companies – a problem Progressive TSL aims to tackle.
Eland sale puts Westhill base on thin ice
Nigeria’s Seplat Petroleum has completed its acquisition of Eland Oil and Gas, which owns assets in Nigeria’s Niger Delta.
Petrobras sharpens deepwater focus in quest for value
Petrobras is in a state of transformation, company officials said at a press conference in London, with an eye on selling down assets and tackling debt – in tandem with major expansion plans.
Russia Opening Giant Gas Link to China as Putin Pivots East
The world’s biggest natural gas exporter and one of the globe’s top consumers of the fuel cement their energy co-operation on Monday with the launch of Russia’s giant Power of Siberia pipeline to northern China.
Maltese LNG player arrested
The head of a Maltese company working on an LNG-to-power scheme has been arrested on a yacht as he was leaving the country.
Opening the Gateway to Abu Dhabi
Energy Voice and Granite PR have held their first co-branded Gateway event in Abu Dhabi, with a pre-conference breakfast involving ADNOC, where the importance of innovation and co-operation was high on the menu.
Uniper bullish on LNG availability
Uniper is confident that LNG supply will continue to be bountiful in the years to come, providing a secure source of supply for demand around the world, company board member Keith Martin told Energy Voice at ADIPEC.
KN puts wheels in motion on FSRU purchase plan
Klaipedos Nafta (KN) intends to buy a floating storage and regasification unit (FSRU) by the end of 2024.
Cyprus signs off on Aphrodite exploitation plan
Cyprus has issued an exploitation licence to three companies to develop the Aphrodite field, with gas to be exported to Egypt for liquefaction.
Sovcomflot lines up cash for Arctic LNG 2 carriers
Sovcomflot has signed an agreement on lease financing with VEB.RF Group, for the first of a series of icebreaking LNG carriers (LNGCs) that will serve Arctic LNG 2.
Low demand, US supply squeeze OPEC
Oil demand will reach 101 million barrels per day in 2020, OPEC’s World Oil Outlook (WOO) has said.
LNG comes through for Shell and Total
While low LNG spot prices have taken their toll, the Europe’s two major players in the sector, Total and Shell, performed strongly in the third quarter.
Russia meets Africa at Sochi
A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
French NGOs pressure Total over Uganda work
A group of NGOs has filed in a French court to compel Total to disclose details of its human rights and environmental plans in Uganda.
Yamal LNG shipping venture cleared from US sanctions
A Teekay and COSCO joint venture operating LNG tankers serving Yamal LNG has been cleared to resume operations.
Gunvor failed to prevent bribery in West Africa
The Office of the Attorney General (OAG) of Switzerland has ordered Gunvor to pay almost 94 million Swiss francs ($94.7mn) for failing to prevent corruption in Congo Brazzaville and Cote d’Ivoire.
Lukoil signs up for Ghasha work with ADNOC
Lukoil has signed up for a 5% stake in the Ghasha concession, as a part of a broader package between the United Arab Emirates and Russia.
Cepsa to sell out of Medgaz link
Sonatrach has signed a deal to increase its stake in the Medgaz gas pipeline to 51%, from 43%. The remainder will be held by Naturgy.
“Freedom gas” in Ukraine scrutinised amid US corruption allegations
The US has set out charges against two men, Lev Parnas and Igor Fruman. The two men, who were involved in schemes for LNG imports into Ukraine, are accused of violating campaign finance laws.
BP’s Dudley comes out swinging for gas
BP’s outgoing CEO Bob Dudley gave a defence of natural gas as one part of the world’s future energy mix, at a conference in London.