Europe
XCMG's Advanced Drilling Rig Overcomes Challenges in Serbia's Gas Pipeline Project
XCMG's advanced drilling rig, the XZ3600, triumphs in Serbia's gas pipeline project, conquering tough terrain and hard soil layers with ease.
OMV Warns Gazprom May Halt Gas Supplies
Austrian oil and gas group OMV said on Wednesday that gas supplies from Russia's Gazprom may be suspended in connection with a foreign court ruling, without identifying the case but assuring the market it would have replacement cover.
National Grid to Sell Europe's Largest LNG Terminal
British energy infrastructure operator National Grid said on Thursday it is looking to sell its Grain LNG terminal in Britain, Europe's largest such facility, in a bid to streamline operations.
RWE Gas Storage West Launches Inquiry for Hydrogen Storage Demand
RWE Gas Storage West has initiated a preliminary market survey, inviting hydrogen producers, users, industrial firms, and traders to register their future hydrogen storage requirements until June 2024.
Uzbekneftegaz in Talks to Join Azerbaijan's Shah Deniz Gas Project
Uzbek energy firm Uzbekneftegaz is in talks with Azerbaijan's SOCAR over joining a project to develop Shah Deniz, the largest gas field in the Azerbaijani section of the Caspian Sea, an Uzbek official said on Tuesday.
Subsea Decommissioning Pays Off in North Sea
The ambitious project involved the removal of pipelines, control umbilicals and various other subsea structures from the seabed in water depths of up to 590 feet (180 meters), each requiring precise and efficient cutting.
Global News May 2024
Latest industry developments from around the world!
Chevron Prepares for North Sea Exit After More Than 55 Years
Chevron said it is set to launch the sale of its remaining U.K. North Sea oil and gas assets, in a move that would mark the U.S. energy giant's exit from the ageing basin after more than 55 years.
Slovakia Paves the Way for Gas Imports from Azerbaijan via Ukraine
Slovakia is laying the groundwork to receive gas from Azerbaijan through Ukraine, to further diversify its supplies away from Russia and revive earnings from transit to other countries, Prime Minister Robert Fico said on Monday.
Germany's EnBW Signs 15-Year LNG Supply Deal with ADNOC
German utility company EnBW said it has signed a 15-year LNG contract with ADNOC, as Europe boosts LNG imports after Russia's invasion of Ukraine curtailed westbound pipeline gas shipments.
Russia's Gazprom Sees Worst Loss in Decades as European Gas Sales Collapse
Kremlin-owned gas giant Gazprom said on Thursday it plunged to a net loss of $6.9 billion in 2023, its first annual loss in more than 20 years, amid dwindling gas trade with Europe, once its main sales market.
Shell Smashes Forecasts with $7.7 Billion Quarterly Profit Driven by Strong LNG Performance
Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose.
NOV Introduces Breakthrough Heated Flexible Pipe System for Subsea Operations
NOV will supply its first active heated pipe system in 2025, introducing a proprietary technology solution of electrically heating the bore of the pipe through the resistance of the pipe’s inner carcass layer.
Gassco, Gascade to Establish New Hydrogen Pipeline Route Between Norway and Germany
GASCADE and GASSCO have signed a memorandum of understanding to establish a hydrogen transport route between Germany and Norway, facilitating hydrogen transportation via pipeline in the North Sea.
Turkey in Talks with Exxon Over Multibillion-Dollar LNG Deal, FT Reports
Turkey is in talks with U.S. energy giant ExxonMobil over a multibillion-dollar deal to buy LNG, in an effort to curb its dependence on Russian energy, the Financial Times reported on Sunday.
OPEC Secretary General: 'End of Oil Not in Sight', Urges Focus on Emissions Reduction
The end of oil is not in sight, OPEC's top official said, as the pace of energy demand growth means that alternatives cannot replace it at the needed scale, and the focus should be on cutting emissions not oil use.
Uncertainty Clouds EastMed Gas Pipeline Project Timeline, Stakeholders Say
The timeline for a proposed 1,240-mile subsea pipeline connecting East Mediterranean gas reserves to Greece via Cyprus and Crete remains uncertain as stakeholders are reviewing its economic feasibility, delegates from Cyprus and the East Mediterranean Gas Forum (EMGF) said.
Pipeline Projects Seen as Unlikely to Involve Western-Based Companies
(P&GJ) – Inside China, there are numerous large-scale oil and gas pipeline projects that are being built, are currently in the planning stages or have been proposed. Some of these have huge potential significance, and the situation has certainly caught the attention of Western-based companies, which hope to supply equipment, technology or services to one or more of the projects.
Natural Gas Price Plunge Hits Big Oil Earnings Hard
U.S. and European oil companies reported weaker first quarter results on Friday due to a sharp drop in natural gas prices compared with a year ago.
ABL Completes German Subsea Pipeline Installation Project
(P&GJ) — Energy consultancy ABL finalized its marine warranty survey scope in connection with the installation of Germany’s OAL subsea pipeline, with the first gas feed-in expected shortly.
Equinor Expands LNG Trading, Eyes Europe and Asia Deals, Senior Exec Says
Norwegian energy group Equinor plans to expand its LNG trading business and is in talks with a number of potential buyers in Europe and Southeast Asia, a top official told Reuters.
Projects April 2024
U.S. regulators approve Mexico Pacific’s Saguaro Connector pipeline; EU approves $4.9 billion German state funds for hydrogen projects; Tallgrass, Bridger begin open season for Pony Express expansion; and more!
Global News April 2024
Latest industry developments from around the world!
Equinor's Hammerfest LNG Plant Shuts Until Friday After Gas Leak
Equinor's Hammerfest LNG plant in Arctic northern Norway was evacuated on Tuesday because of a gas leak during maintenance and will remain offline until Friday at least, the company said.
Editor’s Notebook: Few Winners in Iraq-Turkey Pipeline Fallout
Increasingly frustrated by impasses regionally, the eight member companies of the Association of the Petroleum Industry of Kurdistan (APIKUR) have gone so far as requesting that two U.S. lawmakers exert pressure on Iraq to reopen the Iraqi-Türkiye pipeline.
Kistos Completes Acquisition of UK Onshore Gas Storage Assets
The acquisition includes two onshore gas storage facilities in the UK, Hill Top Farm and Hole House Farm, at a total cost of $31 million funded from existing cash resources.
Balticconnector Gas Pipeline Resumes Operations Following Damage
A Baltic Sea gas pipeline that was torn apart last year in an incident still under police investigation has resumed commercial operation as planned after months of repair, operator Gasgrid Finland said on Monday.
SLB Profit Rises 14% on Strong International Drilling Demand Amid North American Weakness
Top oilfield services firm SLB reported a 14% rise in first-quarter profit on Friday, in line with analysts' estimates, as higher oil and gas drilling demand in the Middle East and Africa helped offset weakness in North America.
Balticconnector Gas Pipeline Set to Resume Commercial Operations on April 22
The Balticconnector subsea gas pipeline between Finland and Estonia, which was damaged in Oct. 2023, will resume commercial operations on April 22. The damage had previously affected energy security and raised concerns in the wider region.
Dutch Senate Approves Law to Permanently Close Shell, Exxon-Operated Groningen Gas Field
The Dutch Senate on Tuesday approved a law to permanently close the Groningen gas field, following the government's promise that production will never be resumed to limit seismic risks in the region.
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Alaska Greenlights Enstar’s $57 Million Pipeline to Boost LNG Imports
- Editor’s Notebook: Alaska’s New LNG Pipeline Push Faces Long Odds
