UK energy regulator warns of ‘significant risk’ of gas shortage
The UK faces a “significant risk” of gas shortages this winter and could enter an emergency that would see power stations switched off, according to regulator Ofgem.
Europe
European Oil and Gas news
Chevron completes deal to take stake in deepwater Namibia
Chevron has completed its farm in to a licence offshore Namibia, close to the Venus and Graff discoveries by TotalEnergies and Shell respectively.
Planning permission secured for £300m green hydrogen project
Infrastructure developer Carlton Power has secured planning permission for a £300 million decarbonisation project.
Sval closes $1.3bn acquisitions of Suncor Norge, Equinor assets
Sval Energi has closed its acquisition of interests in the Martin Linge and Greater Ekofisk Area from Equinor and the acquisition of Suncor Energy Norge.
Just Stop Oil stops up Downing Street, Trafalgar Square
A group of Just Stop Oil protesters have staged a sit in outside No 10 Downing Street and Trafalgar Square. They have pledged to return “every single day” until the government meets the group’s demands.
TotalEnergies to tender contracts for Glendronach with FID due imminently
French supermajor TotalEnergies (LON: TTE) is ramping up activity at its Glendronach gas discovery West of Shetland.
All Europe Posts
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.
Cyprus find for Eni, Total, with more drilling to come
Eni (ENI:MI) and TotalEnergies (LON:TTE) have made a major gas find at the Cronos-1 well, in Block 6 off Cyprus.
Gallery: Heerema removes Harbour Energy Murdoch complex
Heerema Marine Contractors have completed the removal of the Murdoch Complex in partnership with its client, Harbour Energy (LON: HBR).
A fossil fuel investment resurgence amidst Europe’s energy crisis?
With conflict in Ukraine and sanctions on Russia continuing to exacerbate supply issues, rising energy prices are fuelling new opportunities for private equity in the European oil and gas industry.
Uniper posts mega loss on Russian gas squeeze
Uniper has been hard hit by reduced Russian gas deliveries, posting major losses and with better times only coming in 2024, it has said.
Centrica signs £7bn deal for US LNG supplies
Centrica has signed up to purchase LNG from a new US supplier, working on an ambitious offshore project, in a move backed by Secretary of State for Business and Energy Secretary Kwasi Kwarteng.
Russian oil flows halted through pipeline to Central Europe
Europe’s energy security took another hit after Russian crude flows through Ukraine to Hungary, Slovakia and the Czech Republic were halted because sanctions prevented payment of a transit fee.
Wood secures $100m+ contract for INEOS olefins plant
Aberdeen-headquartered Wood (LON:WG) has secured a contract from Ineos worth in excess of $100 million (£83m) to build “Europe’s most innovative” olefins complex in Belgium.
Political will and Europe’s energy security challenge
European energy security faces a seemingly impossible task of meeting short-term demand with longer-term decarbonisation. Society does not have the luxury of declaring this to be impossible, though, so must take steps now to meet the challenges.
Gas pipeline part is ready for Russia, says German leader
German Chancellor Olaf Scholz has inspected a mechanical turbine at the centre of a natural gas dispute and declared "there are no problems" with the part besides information from Russia's state-controlled gas company.
Energy Transition: a commentary from Norway
For the last few decades the ONS conference in Stavanger has focused on the energy industry’s direction from the perspective of North Sea exploration and production business – this year, ONS 2022 will focus mainly on energy transition.
Norway has strategic value to Europe beyond oil and gas
In September 2014 and in the face of mounting uncertainty over Russian gas supplies continuing to be available because of the then conflict over Ukraine, then European Energy Commissioner, Guenther Oettinger, suggested that Norway could play a fundamental role in shoring up EU energy supplies then and into the future.
Refining drives doubling of TotalEnergies’ second quarter income
TotalEnergies has reported net income of $5.69 billion, up more than two and a half times from the first quarter, driven largely by its downstream and chemicals operations.
Lundin legend Lukas passes away
Lukas Lundin, of the Lundin Group, has died at the age of 64 after a two-year struggle with brain cancer.
Neptune Energy gets after Ofelia exploration prize
Neptune Energy has kicked off drilling on the Ofelia exploration well in the North Sea.
