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Pipelines, Storage & Power

Shell plans UK outages at Bacton, St Fergus and SEAL

Royal Dutch Shell has planned outages at two UK gas terminals and one major subsea pipeline for maintenance that will take place in April, August and September of this year.

21 February 2012
Exploration & Production

BP exercises 14-day options on Safe Scandinavia rig

BP has exercised both of its 14-day options on the Safe Scandinavia rig which is currently working on the North Sea Valhall field, according to a report in Upstream Online on Tuesday.

21 February 2012
Companies & Finance

BG well placed for spending splurge

BG Group is invested in some of the world’s most prospective basins, but these interests also entail large capital expenditure commitments. Interfax looks at how the company intends to pay for these developments.

20 February 2012
Supply & Demand

UK faces spot market shake-up on storage

Supply strain in the UK’s gas market may have eased since the tight supply-demand situation of the last few weeks, but the market may now be facing supply complications caused by a storage shutdown in the UK and global storage obligations, which could significantly affect the spot market.

20 February 2012
Companies & Finance

Northern Petroleum to increase production

Northern Petroleum said in a shareholder update on Monday that it plans to increase gas production across its licenses in the Netherlands, in an attempt to prevent “natural decline” in production at these wells.

20 February 2012
EU Energy Policy

IETA calls for ETS caps review

International Emissions Trading Association (IETA) said on Wednesday that reforms should be made to the EU’s Emissions Trading Scheme, but refrained from joining the calls for a set-aside of allowances to bolster tumbling carbon-emission prices.

20 February 2012
EU Energy Policy

EP may withhold carbon allowances to bolster prices

The European Parliament is expected to vote to withhold some carbon emission allowances from the next phase of the EU Emissions Trading Scheme (EU ETS) after political parties in the assembly reached a compromise tied to draft legislation on energy efficiency.

20 February 2012
Pipelines, Storage & Power

South Stream questions remain

The South Stream looks more viable than the EU-backed Nabucco pipeline, but there are still concerns about the project’s implementation.

17 February 2012
EU Energy Policy

EU’s Roadmap 2050 lacks clear signals for investors

The EC’s Energy Roadmap 2050, which sets out goals to decarbonise the EU energy industry, lacks clear signals for investment in long-term gas infrastructure projects, according to some industry experts.

17 February 2012
Supply & Demand

Gazprom unbundling and US exports to shape gas landscape

The outcome of Russian major Gazprom’s unbundling, coupled with the United States’ plans to become a gas exporter, will shape the global gas landscape in the coming years, Christof Van Agt, senior researcher at the Clingendael Institute, told delegates at a conference in Brussels on Thursday.

17 February 2012
Pipelines, Storage & Power

SSE, Shell sign 790 MMcm/d supply agreement

The UK’s Scottish and Southern Energy (SSE) and Shell Energy Europe have agreed a 10-year gas supply agreement for 790 million cubic metres per year starting in 2015. The gas price will be “linked to prevailing prices in the gas market”, SSE said in a statement on Friday.

17 February 2012
LNG

Gazprom to meet Italian gas demand

Gazprom will meet Italy’s demand for Russian gas in full on Friday.

17 February 2012
Policy & Regulation

UK, France nuclear deal meets with scepticism

France and the United Kingdom signed a nuclear cooperation deal worth more than €500m on Friday, with the UK Government saying that the agreement proves its commitment to nuclear in a “diversified energy mix.”

17 February 2012
Companies & Finance

EBRD mulling over Romanian power scheme

The European Bank for Reconstruction and Development is mulling over supplying debt financing of up to €207 million ($270 million) for the development of a gas-fired power station project in Romania.

17 February 2012
Companies & Finance

Nuclear output boosts EDF’s profit

Despite global economic uncertainty and volatile energy prices, French power utility EDF’s earnings for 2011 surged on the back of increased UK and French nuclear output. Net income increased from €1 billion ($1.3 billion) in 2010 to $3.9 billion).

16 February 2012
EU Energy Policy

EU rules against Hungary's power purchase agreements

A long-term electricity purchase agreement between the French-owned Budapesti Erőmű Zrt and Hungary's state-owned MVM Zrt has been declared illegal under EU state aid rules, even though it was concluded before Hungary joined the EU.

16 February 2012
Supply & Demand

Verbundnetz Gas hopes for better 2012 after 2011 loss

East German gas importer Verbundnetz Gas (VNG) expects to turn a profit this year after losing €211 million ($) in 2011, executive board chairman Karsten Heuchert said at a Thursday press conference in Leipzig.

16 February 2012
Pipelines, Storage & Power

Gazprom’s European gas storage expansion plans

Gazprom Export’s Deputy Chief Alexander Medvedev announced last Friday plans to almost double the capacity of the company’s European underground gas storage (UGS) facilities to 5 billion cubic metres by 2015.

15 February 2012
Companies & Finance

Italy's Eni makes further Mozambique gas discovery as profits rise

Italy’s Eni has expanded the amount of gas-in-place at the Mamba discovery offshore Mozambique in further confirmation of the region’s potential.

15 February 2012
EU Energy Policy

Ministers reject binding energy efficiency targets

EU ministers have ruled out the prospect of making the 20% energy efficiency target by 2020 legally binding, despite Europe’s increasing dependency on gas imports.

15 February 2012

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