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Exploration & Production

ExxonMobil continues push for German shale gas

United States major ExxonMobil will not be deterred by scepticism over controversial hydraulic fracturing (‘fracking’) methods and will continue its drive to strike shale gas in Germany.

27 January 2012
Pipelines, Storage & Power

Fluxys interested in OGE bid, increasing Interconnector stake

Gas grid operator Fluxys is interested in buying Germany’s Open Gas Europe distribution network, as well as increasing its stake in the Interconnector UK, the Belgian company’s Chief Executive Wal

27 January 2012
Pipelines, Storage & Power

First phase of Latvian gas storage project to cost $208 million

The development of the Incukalns gas storage facility in Latvia will cost €160 million over the next 10 years

26 January 2012
Exploration & Production

Bulgarian fracking moratorium will be reversed says expert

The Bulgarian government will reverse its decision to ban all hydraulic fracturing (fracking) for shale gas in the country, Professor Vasil Balinov at Sofia's University of Mining and Geology told Int

26 January 2012
EU Energy Policy

Iran sanctions will have limited impact on oil prices

EU foreign ministers agreed on 23 January 2012 to ban new contracts for Iranian crude oil and petroleum products.

26 January 2012
EU Energy Policy

Cautious approach promised in set-aside of ETS allowances

Danish Climate and Energy Minister Martin Lidegaard wants to discuss ways to bolster the EU Emissions Trading Scheme (EU ETS) with member states, but said the issue of setting aside excess emissions allowances might be something the Danish EU presidency cannot resolve during its six-month leadership of the EU Council.

26 January 2012
Companies & Finance

‘Europe needs to shift towards Middle Eastern template for CCGT financing’

The contractual model for CCGT development in Europe needs to shift to a Middle Eastern model to attract project finance debt in the future Societe Generale's Simon Scott said on Wednesday

26 January 2012
Companies & Finance

Gazprom Energy expansion plan for Europe

Gazprom Energy’s Managing Director Jon Feingold speaks about the company’s expansion plans in the UK and the rest of Europe.

25 January 2012
Pipelines, Storage & Power

EC predicts Trans-Caspian pipeline decision by June

According to Günther Oettinger, the EU's commissioner for energy, a final decision on the proposed 30 billion cubic metre per year Trans-Caspian gas pipeline from Turkmenistan to Europe via the Caspian Sea and Azerbaijan may be taken in June

25 January 2012
LNG

Floating Lithuanian LNG terminal confirmed

Lithuania announced on Monday that it will push ahead with a floating LNG unit to ease its total dependence on Russian exports, indicating it will no longer wait for a regional plan under feasibility

24 January 2012
Exploration & Production

EnQuest acquires interest in Kraken

London-listed EnQuest has acquired a 20% interest in the Kraken oil discovery in the UK North Sea from Canamens, the company said in a press release on Tuesday.

24 January 2012
Companies & Finance

Cairn cancels £2.5 million pay-out to former chief

British oil and gas explorer Cairn Energy has cancelled plans to award more than £2.5 million ($3.9 million) in shares to its former Chief Executive Bill Gammell.

24 January 2012
Exploration & Production

Shale gas regulation recommendations

The International Energy Agency is preparing recommendations for countries regulating the shale gas industry, according to Reuters on Tuesday.

24 January 2012
Pipelines, Storage & Power

‘Gas is the fuel of the future’ – DONG chief

Anders Eldrup, chief executive at Denmark’s biggest energy firm DONG Energy, made the case for continental gas-generation on Tuesday afternoon, calling for long-term planning from European governments and capacity payments for developers, in addition to claiming there is money to be made in combined cycle gas turbine (CCGT) development despite un

24 January 2012
Pipelines, Storage & Power

Regulating Italian gas storage

In this Q&A, Cristina Barassi, a Brussels-based EU liaison officer for Italian utility Edison, discusses the progress regarding the implementation of EU policy and regulation on gas storage operations in Italy and the EU 27

24 January 2012
Exploration & Production

Statoil targets Arctic frontier regions with new farm-in deal

Norwegian oil and gas major Statoil has acquired a 30.625% interest in the Cairn Energy-operated Pitu licence in Baffin Bay offshore Greenland, as part of its strategy to become a pioneer in Arctic ex

23 January 2012
Exploration & Production

Greek drilling unit for African project

Greek rig owner Ocean Rig has tied up one of its drilling units with London-listed junior Ophir Energy for a three-well programme off West Africa, Upstream Online said in a report on Monday The three wells are off Equatorial Guinea, with the first well near the Fortuna gas discovery, the report added.

23 January 2012
LNG

Hoegh chosen for LNG imports

Lithuanian state-owned oil terminal operator Klaipedos Nafta has chosen Norway's Hoegh LNG to provide an offshore platform for LNG imports, according to a Reuters report on Monday. Operations are expected to start at the end of 2014.

23 January 2012
Companies & Finance

Gaupe production prediction

Swedish oil and gas company Lundin Petroleum predicts it will have a production rate of between 32,000 and 38,000 boe/d in 2012 as production starts at the Gaupe field, according to a report in Upstream Online on Monday.

23 January 2012
Pipelines, Storage & Power

EU sees electric demand growth

Electricity demand in Europe has already reached pre-financial crisis levels and will continue to increase because of shifting demand patterns, the head of trade association Eurelectric’s Energy Pol

23 January 2012

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