• Natural Gas Daily
  • Europe
Exploration & Production

Statoil's electric plans

Statoil is developing plans to electrify operations at the Johan Sverdrup field in the North Sea, rather than the current method of generating electricity by using gas-fired onboard turbines, Reuters reported on Tuesday.

7 March 2012
Companies & Finance

40% drop in ERG Q4 earnings

Italy’s ERG reported a 40% drop in fourth quarter core earnings of $72 million due to weakness in refining margins and a shutdown at one of its power plants, Reuters reported on Wednesday.

7 March 2012
Supply & Demand

Spot gas set to break oil linkage – BP’s Rühl

BP’s Chief Economist Christof Rühl weighs into the debate about the future of oil-indexed contracts and spot gas prices.

7 March 2012
LNG

BG Group shelves Italy LNG plant after years of wrangling

BG Group has ended years of delays and frustration by shelving its plan to build an LNG import terminal in Brindisi in southern Italy after failing to receive final permits for the project.

7 March 2012
Companies & Finance

RWE losses blamed on nuclear and gas contracts

German utility RWE presented its full-year financial data on Tuesday, announcing a loss of €800 million ($1.06 billion) in its Supply and Trading arm driven by the strain on wholesale gas prices and the continued fallout from its nuclear shutdown programme.

6 March 2012
Policy & Regulation

Impatience over lack of tariff progress

The Irish Commission for Energy Regulation (CER) will introduce a new tariff structure in the 2014/2015 gas year, but details remain unclear.

5 March 2012
EU Energy Policy

Entso-e calls for faster project permitting in new package

The European Network of Transmission System Operators for Electricity (Entso-e) has said there is strong evidence supporting for speeding up national project permitting procedures in the new 10-year electricity network development package which it released on Thursday.

5 March 2012
Global Markets

BP shares rally following out of court settlement

BP’s share price rallied by 1.5% to £5.04 ($7.97) on Monday after the company reached a $7.8 billion settlement with a group of plaintiffs affected by the Macondo oil spill in the Gulf of Mexico in 2010.

5 March 2012
Companies & Finance

Lundin to acquire 30% of Norway's PL148

Sweden’s Lundin Petroleum is to acquire 30% of PL148, a block in the Norwegian sector of the North Sea that contains the Brynhild field, the company said in a statement on Monday.

5 March 2012
Exploration & Production

Polish shale study clears fracking environmental impact

The Polish Geological Institute released its long-awaited Lieben Report on the environmental impact of shale gas hydraulic fracturing (fracking) on Friday, concluding that it causes no harm and paving the way for commercial production to begin in 2014

5 March 2012
Pipelines, Storage & Power

Gas-fired power takes backseat in UK

The closure of gas-fired power plants in the UK has become an emerging trend, with the closure of around 10% of the UK’s facilities in the last year, however in the longer-term it may receive a boost, Interfax has learned.

2 March 2012
EU Energy Policy

Stormy week for the European gas market

The arena in which the EU's Third Energy Package legislation is playing out looks to be shifting from the offices of Brussels to the courts of Vienna this week, as the EC enforces implementation deadlines on 8 slow-starters and Gazprom launches arbitration proceedings against Baltic neighbour Lithuania.

2 March 2012
Companies & Finance

Surgil due to sign off on debt in March

The sponsors and advisers behind the $4.16 billion Surgil gas and petrochemicals project in Uzbekistan plan to sign off on debt commitments at the end of March before reaching financial close in the second quarter, a banking source told Interfax on Wednesday

2 March 2012
Policy & Regulation

Parliament's energy committee backs ETS set-aside mandate

As part of a wider debate on energy saving, the European Parliament's Industry and Energy Committee (ITRE) on Tuesday called for the European Commission to strengthen the EU Emission Trading Scheme (ETS), by setting aside the “necessary” amount of emissions allowances for the next phase of the scheme from 2013 to 2020.

1 March 2012
Policy & Regulation

Gazprom files international arbitration suit against Lithuania

Gazprom has filed for arbitration against the government of Lithuania with the UN Commission on International Trade Law (UNCITRAL) in Vienna, the company said in a statement on Thursday. The company is seeking protection for its investments in the Baltic country due to Lithuania's reorganisation of its gas sector.

1 March 2012
Exploration & Production

UK in second ‘dash for gas’, says new report

The UK is in the midst of a second phase of growth in CCGT plants, with two large projects due online in 2012, and will build a total of 11 GW of new gas plants in 2012-16, according to Bloomberg New Energy Finance.

1 March 2012
Pipelines, Storage & Power

Hungary-Slovakia interconnector on course for EIB funding

The European Investment Bank has begun the formal appraisal process for supplying up to half the finance necessary to develop the Hungary-Slovakia gas interconnector pipeline project.

1 March 2012
Companies & Finance

Endeavour posts net loss of $103.9 million

UK-listed Endeavour International has posted a net loss of $103.9 million for 2011, due to a major impairment of its oil and gas assets in the US, according to a report in UpstreamOnline on Wednesday.

29 February 2012
Exploration & Production

BNK begins drilling Miszewo T-1 in Poland

BNK Petroleum has begun drilling the Miszewo T-1 well on its Trzebielino shale concession block in Poland, the company said in a press release on Wednesday.

29 February 2012
Companies & Finance

Hellenic Republic fund invites buyers for Greek gas assets

Greek state-owned Hellenic Republic Asset Development Fund has officially invited potential buyers to make their offers for the purchase of Greece's gas assets.

29 February 2012

Viewing 5,341-5,360 of 6,005 articles