Artist’s impression  of the Future of the Fjords electric ferry. (The Fjords) Gas for Transport

All-electric ships could threaten LNG as a marine fuel

Converting ships to all-electric propulsion may reduce the role LNG is expected to play in the maritime sector.

By Silvia Favasuli 23 August 2017
Exploration & Production

Russia, Norway sign MOU on Barents Sea

Russia and Norway have signed a memorandum of understanding for a “strategic” collaboration on oil and gas reserves in the Barents Sea, the Norwegian energy ministry said this week.

24 June 2011
LNG

Pembroke CCGT on track for 2012 start-up

RWE npower’s 2 gigawatt Pembroke gas-fired power station is on track for start-up in the third quarter of 2012, the company confirmed on Friday.

24 June 2011
Pipelines, Storage & Power

Lukoil may bid to supply gas to Turkey via Blue Stream

Lukoil has shown potential interest in submitting bids for a supply tender announced by Turkey’s pipeline company, Botas. Lukoil would deliver Russian gas to Turkey via the Blue Stream pipeline, the Russian company's chief, Vagit Alekperov, told reporters.

24 June 2011
LNG

UK increases dependence on LNG imports

LNG imports currently account for more than a quarter of UK gas demand, up from around 15% a year ago, Sam Laidlaw, chief executive of UK energy company Centrica, said on Thursday.

23 June 2011
LNG

South Hook LNG terminal seeks capacity commitments

One of the three UK LNG import terminal, South Hook is looking for capacity commitments to better utilise the terminal’s 15.6 million tons per annum capacity.

22 June 2011
Supply & Demand

End is in sight for European gas oversupply

The current oversupply of gas in Europe could come to an end as early as next year because of a tightening global market, consultants Wood Mackenzie said today.

22 June 2011
General view of the entrance to the HM Treasury building, in Westminster, central London. (PA) Policy & Regulation

UK industry responds to offshore tax hikes

To what extent will the rise in supplementary charges for oil and gas production on the UK continental shelf, have an impact on future investment in the UK oil and gas industry?

20 June 2011
Supply & Demand

Italy to see Libyan supply shortage of 9.4 bcm/y

Undelivered gas from Libya to Italy via the Greenstream pipeline is likely amount to 9.4 billion cubic metres per year going forward, due to the ongoing fighting in the country, Deutsche Bank said in a report on Friday.

20 June 2011
Pipelines, Storage & Power

Independent Resources plays down Rivara storage reports

Independent Resources plc, the company that plans to build the 3.2 billion cubic metres Rivara underground gas storage facility in Italy’s Po Valley, on Monday played down media reports suggesting that the project had received environmental approval from local authorities.

20 June 2011
LNG

GDF Suez, NYK Line enter new agreement

GDF Suez has signed a time-charter agreement with Japanese ship owner NYK Line, for the LNG carrier Grace Acacia for a four-year period starting from summer 2012, the company said on Thursday.

17 June 2011
Companies & Finance

Hayward fund raises $2 billion

An investment fund, set up by former BP Chief Executive Tony Hayward and several prominent financiers, has raised £1.35 billion ($2.18 billion) from large investors before a listing on the London Stock Exchange.

17 June 2011
Pipelines, Storage & Power

Nabucco shareholders optimistic on 2017 start-up

The proposed 31 billion cubic metres per year Nabucco gas pipeline that could link Austria with the eastern borders of Turkey is likely to be developed according to its new timeframe despite supply agreements not being in place yet, Christian Dolezal, Nabucco’s head of communications told Interfax on Thursday.

16 June 2011
Supply & Demand

Gas captures increasing market share

Gas demand is set to increase by 500 billion cubic metres over the next five years — an average growth rate of 2.4% a year — as it captures an increasing share of the global energy supply mix, the International Energy Agency (IEA) said today.

16 June 2011
German nuclear power generation will be phased out by 2022. (PA) LNG

No rush for CCGT investment in Germany

The nuclear phase out in Germany and Switzerland seems unlikely to trigger any large-scale investments in gas-fired power stations anytime soon, according to industry experts.

16 June 2011
Pipelines, Storage & Power

Eni agrees price for TAG sale

Italy’s Eni has sold an 89% stake in Trans Gasleitung Austria — the company owning transport rights for Austria’s section of the Trans Austria Gas (TAG) pipeline — to Cassa depositi e prestiti Spa (CDP) for €483 million ($700 million).

10 June 2011
Companies & Finance

DNO International elects new chairman

The chief executive of Rak Petroleum, Bijan Mossavar-Rahmani, was elected the new chairman of Norwegian independent DNO International at the company’s annual general meeting on Thursday, ousting the long-running chairman Berge Gerdt Larsen.

10 June 2011
Exploration & Production

Mitsui buys stake in European shale project

Japan’s Mitsui has agreed to buy a 9% interest in 10 of Marathon Oil Corporation's Paleozoic shale gas exploration concessions in Poland.

9 June 2011
Supply & Demand

BP stats show “exceptional” growth in global gas production and consumption

Gas production and consumption showed “exceptional” growth in 2010, as the global economy rebounded from the 2008 credit crisis and emerging economies such as China continued their strong demand for the fuel, BP’s chief economist Christof Rühl said today.

8 June 2011
Companies & Finance

Total sells stake in Norwegian transportation system

French major Total has sold its entire 6.4% stake in the Gassled gas transportation system offshore Norway to Silex Gas, a wholly owned subsidiary of Allianz, it said on Wednesday.

8 June 2011
Pipelines, Storage & Power

Statoil, SSE agree long-term gas supply contract

Norwegian state-owned oil and gas company Statoil has entered into a 10-year agreement to supply Scottish and Southern Energy’s Peterhead power station with 0.5 billion cubic metres per year, the company said on Tuesday.

7 June 2011

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