Eni extends Nooros area with Egypt find
Eni has found gas offshore Egypt, in the Nile Delta’s North El Hammad licence.
Gas
Energean will listen to offers for huge UK gas discovery, but not ‘actively’ seeking buyers, boss says
Energean’s boss said on Monday he would listen to good offers for its soon-to-be-acquired stake in the UK’s biggest offshore gas discovery in a decade.
Weak gas prices dent profits at North Sea’s new top dog Chrysaor
Weak gas prices saw profits slip at Chrysaor last year, who recently became the largest net producer in the UK North Sea.
Sonatrach extends gas deal with Tunisia
Algeria’s Sonatrach has signed a deal with Societe Tunisienne de l'Electricite et du Gaz (STEG) extending gas supplies.
Sasol cited over Mozambique costs
A Mozambique audit has raised concerns about upstream companies misstating recoverable costs, highlighting South Africa’s Sasol in particular.
United celebrates infill success at Abu Sennan
Testing of Egypt’s El Salmiyah-5 has seen the well flow at rates of around 8,700 barrels of oil equivalent per day, United Oil & Gas has reported.
OGA highlights need for North Sea gas as pandemic questions sector’s future
The Oil and Gas Authority (OGA) has published new research in a bid to show the continued need for North Sea resources, despite the Covid-19 pandemic.
China’s Q2 2020 oil demand shows signs of recovery
According to the latest analysis by Wood Mackenzie, China’s oil demand will recover to 13 million barrels per day (b/d) in Q2 2020, a 16.3% jump compared to Q1 this year.
Ostroleka u-turn shows Poland’s energy transition is underway
Polish oil refiner PKN Orlen’s announcement that it will only complete the 1 GW Ostroleka power plant if it is fuelled by gas and not coal signals that Poland’s energy transition is underway.
North Sea gas market set to hit ‘deadlock’ over summer, Woodmac claims
The UK gas balance has reached a deadlock for the summer, according to energy research firm Wood Mackenzie (Woodmac).
Foxtrot to invest in Cote d’Ivoire gas supplies
Foxtrot International and its partners in the CI-27 licence have reached a deal to invest in the area to keep gas flowing to power plants.
Savannah cashes in on Nigerian gas work
Savannah Energy has paid down $40 million of debt as of the end of March as a result of its Nigerian gas supply business.
‘Welcome boost’ for UK offshore sector as gas project gains approval
The Oil and Gas Authority (OGA) has given the nod for a southern North Sea gas project to go ahead.
Builders sought for EastMed pipe
IGI Poseidon has invited companies to submit plans for the offshore parts of the proposed EastMed gas pipeline, which will run from the southeast Mediterranean into Europe via Greece and Cyprus.
Gas: a strategic role in the UK energy transition
According to the International Energy Agency, natural gas currently accounts for 23% of global primary energy demand and nearly a quarter of electricity generation.
Perenco submits plan to decommission four platforms at North Sea gas field
Perenco has handed in plans to decommission four platforms at a gas field in the UK North Sea.
Key workers: ‘Significantly reduced’ Shell team still landing UK’s gas at St Fergus
A “significantly reduced” Shell team is still managing to land gas at one of the UK’s major terminals in Aberdeenshire, despite the Covid-19 outbreak.
Nigeria puts its foot on the gas
While the big goal of tackling its sclerotic oil industry is still languishing, Nigeria has been racking up progress in its gas sector.
Trio of UK oil and gas firms insist they can ride out market storm
A trio of London-listed oil and gas firms today insisted they could overcome volatile market conditions at the end of a bruising week.
Xodus Group reveals new analysis showing need for rapid pivot to gas
International energy consultancy Xodus Group has launched new analysis showing that a rapid pivot to gas will be required to deal with rising global energy demand.
‘Decaf gas’ can help to tackle climate change
The debate around fossil fuels and the impact on climate change is getting increasingly polarised. What we urgently need is a more informed debate based on facts and evidence.
Second gas plant rejection brings joy for Fife villagers
Residents and environmental campaigners are rejoicing after controversial plans to build a gas peaking plant in the shadow of a Fife village were thrown out for a second time.
Updated: Virus-induced oil price slump harks back to Sars, Aberdeen oil experts say
Oil and gas shares were hit yesterday by a drop in crude prices brought on by the deadly Coronavirus outbreak originating in China.
Weak natural gas, LNG prices to put dent in Shell and BP full-year figures, analyst says
Weak natural gas and LNG prices will put a dent in the full year earnings of Shell and BP when the supermajors report their results in the next two weeks, an analyst has said.
Nearly half of fossil fuel bosses ‘believe gas and renewables are competing’ – DNV GL report
Almost half of senior bosses in the fossil fuels industry “believe gas and renewables are competing against each other”, according to a major new survey.