The UK’s dependence on LNG imports exposes UK consumers to an international gas market over which they have no control. If the European winter is cold or Asian LNG demand booms, the UK will feel the consequences.
The UK’s dependence on LNG imports exposes UK consumers to an international gas market over which they have no control. If the European winter is cold or Asian LNG demand booms, the UK will feel the consequences.
A planned purchase by Prax Group of Shell’s 37.5% stake in the Schwedt refinery in Germany is being delayed by “pending lawsuits by third parties,” according to a report from Reuters.
By setting global standards and guidelines, the UK can have a first-mover advantage and be positioned as a centre of global excellence in cable reliability.
North Sea operator Harbour Energy has completed the acquisition of German rival Wintershall DEA in a deal worth $11.2 billion (£8.53bn).
A wave of oil and gas ‘megamergers’ across the pond could be coming our way, as Europe’s supermajors – focused in recent years on a tilt to investment in renewables and ESG concerns – look to fill their future reserves through large acquisitions.
Germany will scrutinize an application to drill for natural gas at a protected marine site after explorer One-Dyas BV cleared a key hurdle with local authorities.
A liquefied natural gas tanker that recently docked at the sanctioned Arctic LNG-2 export facility in Russia is heading toward Europe, ship tracking data compiled by Bloomberg show.
TotalEnergies SE Chief Executive Officer Patrick Pouyanne said the French energy giant is progressing with its plan to list shares in New York in a bid to lure more US investors.
Analysts had expected TotalEnergies to post a profit of $4.92 billion.
The transition from fossil fuels to renewable energy is fundamental to decarbonising the global economy and mitigating the impacts of climate change. However, this shift also brings a higher risk of disputes across various business activities – disputes that are likely to be many and varied given the magnitude of the infrastructure and technology involved.
Dependence on fossil fuels in major advanced economies “is likely to have peaked” according to the Energy Institute (EI), after European use of hydrocarbons fell below 70% of primary energy for the first time since the industrial revolution – driven by demand reduction and renewable energy growth.
A strike by Norwegian offshore oil workers has been averted after reaching a deal with employers, the country’s IE&FLT and Safe labour unions have said.
National Grid’s plan to sell its Grain LNG terminal has sparked concerns among some industry participants, with union UNISON flagging the risks raised by the divestment of an asset of strategic national interest.
UK gas infrastructure manager px Group has boosted its hydrogen credentials by confirming a partnership with a pioneering production plant developer in Norway.
Russia’s crude exports edged higher in the week to May 19, as Moscow prepares to replace a ceiling on overseas shipments with a production limit favored by its OPEC+ partners.
TotalEnergies SE’s (LON:TTE) bosses were hit by a criminal complaint from climate change activists over their alleged role in disasters sparked by global warming.
TotalEnergies SE’s chief executive officer has plenty of reasons to antagonize the French government with the possibility of moving its stock listing to Wall Street. Measured in dollars, there are tens of billions of them.
Russia’s state-controlled gas giant Gazprom reported its first annual net loss since 1999 on falling shipments to Europe and lower prices for the fuel.
Danish helicopter firm Uni-Fly appears to be further expanding into offshore oil and gas operations with AW169 contracts in Spain and the Southern North Sea.
Equinor (OSLO: EQNR) has beaten forecasts to deliver higher than expected first-quarter results, boosted in part by higher production thanks to its stake in the UK’s Buzzard field.
The Fyne oil field, which is being developed by Rapid Oil, Ping Petroleum and Hibiscus Petroleum, has moved from the assessment phase into the authorisation phase.
Investors in French oil major TotalEnergies (LON: TTE) will call for the division of the role of CEO and chairperson of the company, claiming this could speed up its transition towards clean energy.
First-of-its kind case leads to landmark climate ruling, which is likely to have ramifications across Europe.
Oilfield services giant SLB (NYSE: SLB) has no plans to exit Russia, its CEO has said, two years after Moscow’s invasion of Ukraine.
Ineos has been hit with a £400,000 fine after a worker received "severe" burn injuries from falling into a chemical pit at its Grangemouth refinery.