TRACS: CCS master class to meet growing demand
With 30 years of oil and gas experience, TRACS International (TRACS) has advised on development of oil and gas fields around the world – many of which are now candidates for safe disposal of CO2.
Europe
Europe to get hit of cool weather next week just as wind drops
Cooler weather is set to increase demand for heating across Europe from next week adding pressure to already strained energy markets where price moves have become extremely volatile.
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.
Asian LNG price soars to record-high on competition for fuel
Asian liquefied natural gas (LNG) prices surged to a record-high as global competition for the super-chilled fuel intensified amid low inventories and coal shortages.
The global gas crunch may switch off lights in Pakistan
Pakistan only started importing liquefied natural gas (LNG) six years ago, but its growing dependence on the super-chilled fuel is starting to turn into a nightmare.
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.
Petrofac teams up with CCS firm CO2 Capsol
Petrofac is teaming up with tech firm CO2 Capsol targeting carbon capture and storage (CCS) work across the UK, Europe and, eventually, globally.
Reuters Events: Energy Transition Europe 2021
Reuters Events: Energy Transition Europe (22 – 23 November, Online) unites leaders from across the energy, business and government ecosystems to shed light on the defining issue of our time and tackle the energy transition head on.
Balmoral renewables ‘evolution’ brings Europe and Far East export targets
New export markets in renewables are on the cards for Balmoral Group, typically known for its oil and gas buoyancy tech, as its product offering “evolves”.
Save the date for Reuters Events: Hydrogen Europe 2021
Reuters Events: Hydrogen Europe (December 2-3) gathers the value chain to realise the hydrogen economy. Covering policy & regulation, scaling-up production, infrastructure, and end-use sectors, attendees will leave with the critical information and partnerships they need for expansion in Europe.
First Subsea to expand Aberdeen operations after securing offshore wind contracts worth £12m
First Subsea is to expand its north-east operations after securing a number of major offshore wind contracts.
Europe CO2 prices may rise more than 50% by 2030, EU draft shows
The price of polluting in the European Union may rise to as much as 85 euros a metric ton by the end of the decade as the bloc tightens its carbon market and forces a swifter shift to clean energy, according to a draft analysis by the EU’s executive arm.
The great unfunded green hydrogen dream of Europe’s oil refiners
Europe’s oil refiners have big plans to boost the use of green hydrogen to help them make fuel, an important component of the petroleum industry’s plans to cut its operational carbon emissions.
Reuters Events: Wind Operations Europe 2021
The European wind market is dynamic: offshore wind is dominating new build-out, onshore assets are changing ownership hands frequently and over 34,000 turbines are at least 15 years old, quickly approaching original life expectancy.
Vast opportunities loom as Asia offshore wind gets set for massive expansion
The offshore wind market in Asia is expected to experience massive expansion over the next five to 10 years, particularly in the more advanced economies of Taiwan, Japan and South Korea, as governments face increasing pressure to focus on climate change and hit their net-zero emissions targets.
UK leads £37billion of Europe wind investment in 2020
Europe ploughed more than £37billion (€43bn) of investment into new wind farm projects in 2020, led by the UK, according to analysis.
PRC Europe: 5 years of leading downstream transformation
The Petrochemical & Refining Congress, co-hosted by Neste, celebrates its 5th Anniversary on 17-19th of May.
Total gets fastest start on net zero race among Europe oil majors
Total SE has had the fastest start in the race between oil supermajors to achieve net zero carbon emissions.
Europe sets new record for wind turbine orders in 2020
European countries ordered a record 15 gigawatts (GW) of wind turbines in 2020, an increase of 74% on 2019.
Small North Sea start-up facing ‘frightening’ Brexit costs
The head of a small North Sea start-up company has said he is “frightened” by rising export costs due to Brexit.
Russia pushes ahead with Nord Stream 2 before US sanctions
Russia is stepping up work on the Nord Stream 2 pipeline before the US tightens sanctions against the controversial project designed to feed more natural gas into Germany.
Europe seeks $940bn boost for giant offshore wind farms
The European Union wants a massive increase in offshore wind to help clean up the electricity industry and aid the recovery after the pandemic.
Oil rises with China economic recovery, US ruling out lockdown
Oil has risen on optimism over China’s recovery from a virus-led demand crash and as advisers to President-elect Joe Biden ruled out a national lockdown to curb the spread of Covid-19.
Ineos launches new clean hydrogen business
Chemicals giant Ineos has launched a new business aimed at developing and building clean hydrogen capacity across Europe.
Europe’s CCS projects boosted by increased funding
Increased funding from the EU and national governments have boosted the prospects for carbon capture technologies in Europe. Three projects in the Netherlands, Norway and UK could be operational by 2024.