Shell suffers unit outage at Europe’s biggest refinery
Shell (LON:SHEL) has been forced to halt a unit at Europe’s biggest oil refinery, potentially curbing supply of diesel in a tight market.
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European Oil and Gas news
AF Gruppen secures decom contract for North Sea platform
Norwegian company AF Gruppen (AFG) has secured a key decommissioning contract for a North Sea platform.
Greenpeace graffities French FSRU at sea
One of the major reasons flagged by Greenpeace France for its action was the accusation that the FSRU would receive LNG cargoes from the US.
Equinor’s Johan Castberg sees cost surge by nearly £1bn
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Meanwhile Var Energi, a partner on Johan Castberg, has also seen costs surge on its Balder X project.
‘Financially untenable’: Drilling body warns renewables at risk amid North Sea rig exodus
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A North Sea drilling industry body has warned the viability of UK renewables projects is at risk unless the UK government changes its policy towards windfall taxes and day rates.
Halliburton equipment imported to Russia despite sanctions
Russia imported millions of pounds of Halliburton equipment last year despite sanctions, according to a report by The Guardian.
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Shell suffers unit outage at Europe’s biggest refinery
Shell (LON:SHEL) has been forced to halt a unit at Europe’s biggest oil refinery, potentially curbing supply of diesel in a tight market.
AF Gruppen secures decom contract for North Sea platform
Norwegian company AF Gruppen (AFG) has secured a key decommissioning contract for a North Sea platform.
Greenpeace graffities French FSRU at sea
One of the major reasons flagged by Greenpeace France for its action was the accusation that the FSRU would receive LNG cargoes from the US.
Equinor’s Johan Castberg sees cost surge by nearly £1bn
Meanwhile Var Energi, a partner on Johan Castberg, has also seen costs surge on its Balder X project.
‘Financially untenable’: Drilling body warns renewables at risk amid North Sea rig exodus
A North Sea drilling industry body has warned the viability of UK renewables projects is at risk unless the UK government changes its policy towards windfall taxes and day rates.
Halliburton equipment imported to Russia despite sanctions
Russia imported millions of pounds of Halliburton equipment last year despite sanctions, according to a report by The Guardian.
Video: Ukraine special forces reclaim offshore Boika Towers
“The platforms command valuable hydrocarbon resources. However, like Snake Island to the west, they can also be used as forward deployment bases, helicopter landing sites, and to position long-range missile systems,” the MoD said.
McDermott kicks off major financial restructuring
Oil and gas contractor McDermott has started a restructuring package amid concerns over its financial health.
Saipem wins Eni, Snam work worth $911mn
In Cote d’Ivoire, the service company has won a subsea umbilicals, risers and flowlines (SURF) contract for Baleine Phase 2. Eni began producing at this field in August.
Putin sees Turkey gas-hub agreement in ‘very near future’
Russia is close to an agreement with Turkey to set up a natural gas trading hub as the Kremlin seeks alternative export routes for the fuel.
Zenith dips out of Yemen and into Kazakhstan
Slightly more than three hours later, Zenith announced the signing of a memorandum of understanding for an asset in Kazakhstan.
Octopus to take over Shell’s home energy businesses in the UK and Germany
Shell has announced that it has sold its home energy businesses in the UK and Germany to Octopus Energy Group.
Equinor awards £291m worth in contracts for two rigs in Norway
Equinor has signed two deals with COSL Offshore Management to use the COSLPromoter and COSLInnovator rigs in Norwegian waters worth £291 million.
Greenpeace calls for Rugby Wold Cup oil ads to be sent to sin bin
Ahead of the Rugby World Cup, Greenpeace has called for a ban on all fossil fuel advertising and sponsorship in sports.
Rejecting Egypt route, Cyprus aims to capture more Aphrodite value
Pressure has been growing on the Cypriot government to increase local benefits, particularly given high electricity prices.
Europe gas advances as lower Norway flows add to supply risks
European natural gas prices extended gains as a slump in Norwegian exports added to lingering concerns about possible disruptions at key Australian export facilities.
P&O cruise ship crashes into oil tanker, injuring passengers
A P&O cruise ship with thousands of passengers on board collided with an oil tanker off the coast of Palma de Mallorca in Spain on Sunday, injuring a small number of people.
BP signs 10 year deal to supply LNG to Europe
BP (LON: BP) has signed a long-term sale and purchase agreement with the Austrian firm OMV to supply 1 million tonnes of liquefied natural gas per year for the next decade.
Prosafe announces appointment of ‘unique’ new CEO
Accommodation vessel operator Prosafe (OSLO: PRS) has confirmed the appointment of a new chief executive.
Eni, Neptune deal further evidence of European majors changing tack on M&A
The winds of change appear to be blowing through Europe’s oil and gas sector as Big Oil moves away from its strategy of streamlining.
Russian oil transfers on the rise in West Africa
In the second quarter of the year Windward reported another big increase in Malacca, up 200% from the first quarter. Malta, meanwhile, was up 220% on the quarter.
Greenpeace challenges Le Havre LNG import terminal
Greenpeace said France must demonstrate LNG imports are “the best option available”. If it cannot do this, the NGO said, the directive from March 2023 on commissioning the Le Havre FSRU should be cancelled.
Denmark launches mini licensing round, two years after forming Beyond Oil & Gas Alliance
Denmark played a key role in setting up the Beyond Oil and Gas Alliance (BOGA), a group formed during the COP26 conference in Glasgow.
Italian contractor Saipem wins $550m rig contracts
Saipem (BIT: SPM) has been awarded a pair of offshore drilling contracts worth a total of $550 million.
OMV, Romgaz approve major Romanian gas plan
"Starting with 2027, we will have a new natural gas source with potential to significantly increase the country's natural gas production, thus securing safety of supply.”