Gunvor denies rumours of collapse on gas trades gone wrong
Margin calls stemming from the gas market have not pushed Gunvor to the brink, the trader said.
Europe
Ocean Infinity continues deal mania with Red Rock move
Ocean Infinity has bought Red Rock, a technology company that supports autonomous port operations.
Fuel shortages drive “range anxiety” woes
UK drivers face “range anxiety” as a result of fuel shortages, while a cold winter could push Brent prices to $100 per barrel, BofA Securities has warned.
Repsol sets date for Indonesia CCS project
Repsol (BME:REP) said it will start up a key carbon capture and storage (CCS) project in Indonesia in 2027. Significantly, the CCS scheme tied to the onshore Sakakemang Block will be among the largest of its kind in the world and will be the first for both Repsol and Indonesia, claimed the Spanish company.
Petrofac eyes Russian expansion via Gazprom deal
Petrofac has signed up to a strategic partnership with Gazprom, with the aim of establishing itself in Russia.
Russia offers to ease Europe’s gas crisis, with strings attached
With winter fast approaching and a stunning energy price surge pummelling Europe, Russian President Vladimir Putin chose an opportune moment to use his country’s leverage as an oil and gas superpower.
European demand sparks Russia, US supply interest
Europe has “made mistakes”, Russian President Vladimir Putin said on October 6 during talks with his energy officials.
Greenpeace advertising protestors arrested at Shell’s Rotterdam site
The Dutch police have arrested a number of Greenpeace activists following a protest focused on greenwashing in the port of Rotterdam.
Cyprus restarts drilling push with Exxon, Eni talks
Cypriot President Nikos Anastasiadis has held talks with ExxonMobil ahead of drilling planned for the end of the year.
Spain runs down clock on Algerian gas supplies
The future of gas supplies from Algeria to Spain, via Morocco, remains unclear following a diplomatic spat.
US arrests Novatek CFO on tax evasion charges
Novatek shares dropped the most in about 16 months after the arrest of Deputy Chief Executive Officer Mark Gyetvay on tax charges in the US.
Gazprom warns of a gas-short winter for Europe
Europe may break new record gas prices, Gazprom head Alexey Miller has warned, noting under supplied gas storage facilities in the region.
ADC Energy’s diversification strategy paying off
Bosses at ADC Energy, of Aberdeen, say the energy services firm's diversification strategy has "come to fruition" with its latest contract.
Gazprom completes Nord Stream 2, signs LNG EPC deal
Gazprom has confirmed that it has completed construction of the Nord Stream 2 gas pipeline, while also moving ahead with plans for a new LNG plant.
Extinction Rebellion’s night at the Science Museum
Extinction Rebellion occupied the Science Museum on August 29 in protest at Shell sponsorship.
Wison completes first Arctic LNG 2 module
Wison Offshore & Marine has produced the first train module for the Arctic LNG 2 project, weighing nearly 50,000 tonnnes.
Woodside bags BHP oil and gas business at discount in dream deal
A strategic merger between BHP and Woodside has been on the deal dream list in oil and gas circles going back three decades. Yesterday the pair confirmed that they will enter into a merger of their respective oil and gas portfolios in an all-stock deal that creates an LNG powerhouse.
Block appoints Asher to restore board
Block Energy, which recently won a shareholder vote against an activist investor, has appointed Jeremy Asher to act as a non-executive director.
North Sea EPC spend to top £2.8bn in 2021, about £1.8bn still to come – Westwood Global
North Sea engineering, procurement and construction (EPC) contract awards are anticipated to total more than $4 billion (£2.8bn) in 2021.
TotalEnergies, Technip sign up to decarbonise LNG, offshore
TotalEnergies and Technip Energies have signed a technical co-operation agreement to develop low-carbon LNG and offshore facilities.
Shell and PetroChina sign world’s first carbon-neutral term LNG deal
Shell claims to have signed the world’s first carbon-neutral term liquefied natural gas (LNG) supply deal after sealing a five-year contract with PetroChina.
‘Virtual’ Offshore Europe programme announced for September
Energy transition topics will take centre-stage at the SPE Offshore Europe 2021 virtual conference taking place from September 7 to 10.
German LNG Terminal moves forward
German LNG Terminal will apply for permission to build an LNG terminal at the Brunsbüttel site by June 30.
Maersk CEO calls for end to day rates, more consolidation
There are “too many rigs and too many players” in the drilling industry, Maersk Drilling CEO Jørn Madsen has said.
Aker Solutions manager charged in Malaysia over alleged false documentation
A Malaysian manager at Norwegian energy services company Aker Solutions was charged Friday for allegedly making false statements in order to win Petronas licenses in Malaysia.