The Peterhead power plant. Policy & Regulation

UK’s new CCUS measures unconvincing, analysts say

The UK’s Clean Growth Strategy contains measures to develop CCUS technology, but analysts see little that will bring results.

By Silvia Favasuli 20 October 2017
Pipelines, Storage & Power

Eni chief visits Tripoli to push for reopening of Greenstream

Paolo Scaroni, the CEO of Italian oil and gas company Eni, met top-level officials in Libya on Monday to discuss the re-opening of the Greenstream pipeline that carries gas to Italy, Eni said in a statement.

13 September 2011
Policy & Regulation

Price correlation between oil and gas likely to stay

It is unlikely that the correlation between gas and oil prices will disappear even if oil-indexation of long-term gas contracts is eliminated, Deutsche Bank said in a report on Friday.

12 September 2011
Supply & Demand

SOCAR looks to wrap up gas-transit talks with Turkey in September

The State Oil Company of the Azerbaijani Republic (SOCAR) will conduct its next round of negotiations with Turkey over issues involved in transiting Azerbaijan gas to Europe, head of the SOCAR foreign investment management division Vagif Aliyev told reporters in Baku on Monday.

12 September 2011
Pipelines, Storage & Power

EC to negotiate plans for Trans-Caspian pipeline

The European Commission is set to begin talks with the governments of Azerbaijan and Turkmenistan about building a gas pipeline between the two countries, hoping to diversify its gas supplies away fro

12 September 2011
Companies & Finance

Technip splashes out on subsea specialist

French services group Technip has made a bet that subsea activity will continue and increase by buying US subsea specialist Global Industries in a $1 billion deal.

12 September 2011
LNG

Negative margins for gas-fired power will not last

Harald Thaler, Industry Director at Frost & Sullivan, talks to Andreas Walstad about the future of gas in Europe's power generation mix.

12 September 2011
Supply & Demand

Gas glut will rapidly be absorbed – IEA chief

Maria van der Hoeven, executive director of the International Energy Agency, tells Andreas Walstad why she thinks the current gas over-supply situation in Europe will not last long, and that new proje

9 September 2011
LNG

Poland hopes new LNG terminal will reduce Russian dependency

The Swinoujscie LNG terminal in Poland - slated for 2014 - will help reduce the country’s import dependence on Russian gas after previous plans to build gas pipelines to Denmark and Norway have been shelved.

9 September 2011
Companies & Finance

Nord Stream refinancing on hold

A planned refinancing of the $5.4 billion phase one debt behind the Nord Stream natural gas pipeline looks to have been put on hold given the constrained euro lending market.

9 September 2011
Companies & Finance

Songa finds funding for offshore rig

Norway’s Songa Offshore has closed a new $420 million debt facility to fund the delivery of an ultra-submersible offshore drilling rig from the Jurong Shipyard in Singapore.

9 September 2011
Pipelines, Storage & Power

Poland approves reverse flow on Yamal-Europe pipeline

Poland was one of the first EU member states to apply unbundling rules for its strategic gas infrastructure. A new EU regulation forced Gazprom and PGNiG to cede operational control to Gaz-System SA to fulfil the role as an independent Transmission System Operator.

9 September 2011
Pipelines, Storage & Power

Nord Stream launch good for Gazprom, bad for SPP, Naftogaz – Fitch Ratings

The launch of the first phase of the Russian-German Nord Stream gas pipeline could have consequences for the financial and operation profiles of several issuers, a press release from international ratings agency Fitch said. This factor is built into the ratings of those issuers.

9 September 2011
Companies & Finance

Gazprom acquires power stake in Czech Republic, RSP Energy

Vemex, a Gazprom company, has acquired 51% stake in RSP Energy which supplies electricity and natural gas to households in the Czech Republic.

8 September 2011
Pipelines, Storage & Power

RAG to build two more underground gas storage facilities in Austria

Austria's Rohol-Aufsuchungs Aktiengesellschaft plans to build two more underground gas storage facilities in Austria to hold 685 million cubic metrers of gas, Chemieanlagenbau Chemnitz GmbH said in press release on Thursday. CAC will design and build the facilities in Oberkling and Pfaffstadt.

8 September 2011
Global Markets

Price forecast revised

Bank of America Merrill Lynch has revised up its price forecast for first quarter 2012 gas prices by 10 p/th to 85 p/th, it said in a report on Tuesday.

7 September 2011
Exploration & Production

BP to develop Kinnoull reservoir in North Sea

UK oil and gas giant BP has decided to go ahead with the development of the Kinnoull reservoir in the central North Sea, which means that the associated Andrew platform will remain shut for another 18 months, it said on Tuesday in a statement.

7 September 2011
Exploration & Production

Ascent eyes Slovenian tight gas production

Ascent Resources expects to produce 400 million cubic metres per year by 2014 from its proposed €200 million Petišovci tight gas project in Slovenia, with commercial operation expected to start in 2012.

7 September 2011
Pipelines, Storage & Power

Orders for gas turbines remain low in recessionary environment

Orders placed with European manufacturers of steam and gas turbines are struggling to pick up after the market witnessed an all-time low during 2009-2010, research firm Frost & Sullivan said on Tuesday.

6 September 2011
EU Energy Policy

European Parliament discusses internal energy market at first autumn session

At the first autumn session following the summer break, the European Commission launched a series of energy debates to affect the EU natural gas industry.

6 September 2011
Supply & Demand

UK gas prices to stay below 80 p/th until 2017

UK gas prices are not expected to breach 80 pence per therm over the next seven years as economic growth is expected to remain low, according to a long-term forecast published on Tuesday by research and consultancy firm EnergyQuote.

6 September 2011

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