Europe
Meld Energy Gets Approval for $317 Million Hydrogen Facility in Hull
Meld Energy has received approval from the East Riding of Yorkshire Council to build a $317 million, 100-megawatt green hydrogen production facility at Saltend in Hull.
Equinor, GRTgaz Partner for CO2 Transport via Norway-Bound Pipeline
Equinor and French gas grid operator GRTgaz have signed a deal for a carbon dioxide (CO2) transport system for captured CO2 from industrial emitters in France to storage offshore Norway, the Norwegian company said on Monday.
Uniper Plans Steps to Boost Hydrogen Port at Wilhelmshaven
German utility Uniper will focus on talks with a big customer and early steps to develop hydrogen storage facilities this year after winning EU backing for two clean energy projects at the North Sea port of Wilhelmshaven, its operations head said.
Eni Completes Sale of 10% Stake in Saipem
Eni SpA has completed the divestment of a 10% stake in an oilfield services company Saipem.
Ukraine Secures First LNG Supply Deal with U.S. Firm Venture Global Amid Energy Crisis
Ukraine signed on Thursday its first LNG deal with a U.S. company to help to avert an energy supply crunch amid a war with its bigger neighbor Russia.
Noble Corp. to Acquire Diamond Offshore for $1.6 Billion to Bolster Fleet
Offshore rig contractor Noble said on Monday it would buy smaller rival Diamond Offshore Drilling in a cash-and-stock deal valued at $1.59 billion, the latest in a series of buyouts in a sector undergoing massive consolidation.
Glencore Wins Tender to Supply Crude to UK's Lindsey Oil Refinery
Global commodities trader Glencore has won a tender to supply crude oil to Prax's 113,000-barrel per day Lindsey oil refinery in Britain, replacing rival trader Trafigura, sources told Reuters.
Czech Republic Set to Ditch Russian Oil by Mid-2025, PM Announces Pipeline Upgrade
The Czech Republic will end its use of Russian oil no later than the first half of 2025 as state pipeline firm MERO completes a capacity upgrade on the Transalpine Pipeline, Prime Minister Petr Fiala said on Tuesday.
Russia's May Pipeline Gas Exports to Europe Surge 39%, Data Shows
Russian energy giant Gazprom's average daily natural gas supplies to Europe in May rose by 7.3% from April and 39% year on year, Reuters calculations showed on Monday.
EU Ramps Up Support for CO2 Pipelines, Decarbonization Efforts
The EU is increasing its support for CO2 transport and storage projects with nearly $522 million allocated to initiatives in France, the Netherlands, Poland, and Norway. This funding is part of the EU’s $6.3 billion Connecting Europe Facility fund aimed at accelerating decarbonization efforts and enhancing CO2 pipeline infrastructure.
Italy, Germany, and Austria Sign Cooperation Deal for Southern Hydrogen Link
Italy, Germany and Austria have signed an agreement to cooperate on the development of a network to transport hydrogen from the southern Mediterranean to northern Europe, the energy ministries of the three countries said on Thursday.
Shell, Exxon Close to Selling North Sea Assets to Viaro Energy for $500 Million: Sources
Shell and ExxonMobil are nearing an agreement to sell their jointly-owned gas fields in the southern North Sea to independent British producer Viaro Energy, three industry and banking sources said.
German Cabinet Approves Bill to Fast-Track Hydrogen Power Expansion
Germany's cabinet approved on Wednesday a bill to fast-track the construction of hydrogen infrastructure, import and production facilities as Berlin bets on the fuel to help decarbonize Europe's biggest economy, government sources said.
Italy Seeks Deal to Expedite Hydrogen Pipeline to Austria and Germany, Sources Say
Italy is aiming to sign a letter of intent with Germany and Austria to speed up development of a more than $4.35 billion southern pipeline for supplying hydrogen to central Europe, sources close to the matter told Reuters on Tuesday.
Germany, Czech Republic Push EU To Eliminate Russian Oil, Gas Imports
Moscow has slashed gas exports to Europe since invading Ukraine in 2022, and an undersea explosion shut down the Nord Stream pipeline from former top gas supplier Russia to Germany. The EU has rapidly replaced Russian fuel with renewable energy and more gas from other suppliers. But the bloc still got 15% of its gas from Russia last year.
EU Countries Approve Methane Emissions Limits on European Oil and Gas Imports
From 2030, the EU will impose "maximum methane intensity values" on fossil fuels placed on the European market. The European Commission will design the exact methane limits by that date.
Italy's Gas Pipeline Renaissance: A Strategic Move Towards Energy Dominance
Italy plans to actively develop its gas pipelines’ network in years to come with the intention of serving as the biggest gas hub in Europe and the entire Mediterranean region.
Polish, Russian Pipeline Operators Agree On Solution To Keep Oil Flowing To Germany
PERN, Russia's state-controlled Transneft and Germany's PCK Schwedt refinery agreed that a non-Russian company will service the oil flow meters on the Polish part of the Druzhba pipeline, sources in Poland, Germany and Russia said.
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.
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
- Editor’s Notebook: Fire Fuels Pipeline Concerns
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
