Europe
Chevron Pursuing 15-Year LNG Supply Contracts into Europe
Chevron is negotiating contracts to supply LNG into Europe for up to 15 years as buyers expect the region to rely on imports for longer than previously thought, an executive at the U.S. oil and gas company said.
Companies Awarded Storage Licenses in Initial Round of UK Bidding
(P&GJ) – The North Sea Transition Authority (NSTA) announced the list of companies that accepted licenses following the U.K.’s first-ever carbon storage licensing round.
Repsol Freezes Hydrogen Investment in Northern Spain on Regulatory Uncertainty
Spanish oil major Repsol has frozen the investment plan for a hydrogen plant in the Basque country, northern Spain, due to uncertainty about the future of a tax imposed on energy companies, its top regional executive said on Monday.
Equinor, RWE Develop Long-Standing Partnership With New Natural Gas Supply Contract
Earlier this year, RWE and Equinor announced their plan to develop large-scale value chains to ensure security of supply and reduce emissions in response to the German-Norwegian Partnership on Climate, Renewable Energy and Green Industry.
NSTA Awards 27 New Oil, Gas Exploration Licenses, Shell Comes Out on Top
Among the successful bidders to drill for new oil and gas in the British North Sea are Shell - with the most licenses, Equinor, DNO, Aker BP, Ithaca, TotalEnergies and BP.
Repsol Freezes Spanish Hydrogen Investment Plan Due to Tax Uncertainties
Repsol CEO Josu Jon Imaz said the tax favored foreign energy producers over Spanish ones and created uncertainty over returns on investment in the country. He added Repsol had other countries to invest in.
Germany to Complete Gas Pipeline Link While Building Up LNG Import Terminals
Germany's quest to increase LNG import capacity has intensified as it seeks to end reliance on Russian pipeline gas after Russia invaded Ukraine last year.
Chinese Vessel Accused of Finnish Gas Pipeline Damage Also Investigated for Underwater Cable Damage
Early on Oct. 8, a gas pipeline and a telecoms cable connecting Finland and Estonia under the Baltic Sea were broken. Another telecoms cable, between Sweden and Estonia, was also damaged that night.
Column: Italy's LNG Deal with Qatar Shows How Hard It Is to Quit Gas
Italy's ENI SpA signed a deal this week to purchase up to 1 million tonnes of LNG annually from QatarEnergy for the next 27 years, locking in gas flows to Southern Europe's largest economy until at least 2050.
Finland Says Gas Pipeline Likely Broken by Ship Dragging Anchor
Damage to a Baltic Sea gas pipeline earlier this month is believed to have been caused by a ship dragging a large anchor along the seabed, but it was too early to tell if this was an accident or a deliberate act, Finnish police said on Tuesday.
Global News October 2023
Latest industry developments from around the world!
German Gas Grid Operator OGE Joins Hydrogen Pipeline Project
German gas grid operator Open Grid Europe (OGE) is joining its French, Spanish and Portuguese peers working to develop a multibillion-euro hydrogen pipeline connecting the Iberian peninsula to France and on to Central Europe.
Finland Terminal Receives First LNG Cargo After Pipeline Breach
A tanker carrying LNG arrived at Finland's Inkoo terminal on Tuesday, vessel tracking data showed, the first such cargo to appear following the Oct. 8 outage of a Finnish-Estonian gas pipeline.
Seismologists Detected Blast-Like Waves Near Broken Baltic Sea Pipeline
Nordic and Baltic seismologists said that they had detected blast-like waves on Sunday when a Baltic Sea gas pipeline ruptured but that the data was not strong enough to determine whether explosives were involved.
Finland to Restrict Access to LNG Port After Gas Pipeline Damage
Finland on Friday was tightening access to key parts of the country's Inkoo port, where a vessel to import LNG was installed last year, as part of efforts in the wider region to intensify security at energy installations.
U.S. Supports Finland, Estonia as It Probes Baltic Gas Pipeline Burst
U.S. Secretary of State Antony Blinken said on Thursday the United States would support Finland and Estonia as they probe damage to a gas pipeline and a telecommunications cable under the Baltic Sea.
Portugal to Launch Pioneering Auction for Piped Green Hydrogen Soon
Portugal will launch a pioneering auction for rights to sell green hydrogen for injection into the national gas grid in the coming weeks, with crucial state aid being discussed with Brussels, energy secretary Ana Fontoura said on Thursday.
QatarEnergy, TotalEnergies Sign 27-Year LNG Supply Agreement
Qatar on Wednesday secured its largest and longest European gas supply deal from Doha's massive production expansion project, providing France with up to 3.5 million metric tons of LNG a year for 27 years.
Nordics, Baltics Tighten Security at Energy Installations After Baltic Sea Pipe Burst
Norway and Lithuania tightened security at onshore energy installations following Sunday's gas pipeline gas leak in the Baltic Sea, while Finland recommended energy operators to be more aware of security.
Orlen Takes Over Polish Segment of Yamal Gas Pipeline, Reducing Gazprom Stake
Orlen is taking over the Polish section of the Yamal gas pipeline, the state-controlled refiner said on Tuesday, meaning Russia's Gazprom will no longer have a stake.
Eni and Partners to Decide on Mozambique LNG Investment by Mid-2024
Italy's Eni SpA hopes to reach a final investment decision on its second floating LNG project in Mozambique by the end of June next year, two sources directly involved with the project said on Tuesday.
'Outside Activity' Likely Damaged Gas Pipeline, Telecoms Cable, Finland Says
A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia under the Baltic Sea have been damaged in what may have been a deliberate act, the Finnish government said on Tuesday.
Explainer: What Is Stopping the Iraq-Turkey Oil Pipeline Restarting?
A crude oil export pipeline from Iraq to Turkey is ready to resume operations, which have been suspended for the past six months, but flows have yet to restart.
Repairing Finland-Estonia Gas Pipeline May Take Months, Operator Says
Repairing a subsea gas pipeline connecting Finland and Estonia that was shut on Sunday due to a suspected leak could take months or more if a puncture is confirmed, Finnish gas system operator Gasgrid said.
Iraq Awaits Formal Notification from Turkey on Oil Pipeline, Baghdad Says
Iraq has not received formal notification from Turkey on whether the oil exports pipeline is ready to begin operations, two senior Iraqi oil officials said on Sunday.
Gas Pipeline Between Finland and Estonia Shut After Suspected Leak
A subsea gas pipeline connecting Finland and Estonia was shut early on Sunday after an unusual drop in pressure probably caused by a leak, Finnish gas system company Gasgrid and Estonian operator Elering said.
UAE's ADNOC Awards $17 Billion of Contracts for Gas Project, Including Subsea Pipelines
Abu Dhabi National Oil Company (ADNOC) said on Thursday it had awarded contracts worth about $16.94 billion for a gas project that aims to operate with net zero carbon dioxide emissions, adding it would be the first in the world to do so.
Trafigura Secures $400 Million Loan Facility to Purchase LNG from US Exporters
Commodity trader Trafigura on Wednesday said it has secured two revolving credit facilities totaling $400 million, supported by insurance from the Export-Import Bank of the United States.
Exxon Mobil to Sell Majority Stake in Italy LNG Terminal to BlackRock
Exxon Mobil Corp. chose BlackRock as the potential buyer for its majority stake in Italy's main LNG import terminal, the U.S. oil producer said in a statement.
Global News September 2023
Latest industry developments from around the world!
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
