The COP 21 climate summit in Paris, 2015 EU Energy Policy

Energy industry awaits EU’s revised climate strategy

The EU’s long-term energy and climate strategy is seen as outdated and will have to be revamped to match the ambitions of the 2015 Paris climate summit.

By Andreas Walstad 20 April 2018
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
Companies & Finance

Statoil agrees to sell Gassled stake for $3.2 billion

Norway’s Statoil is to sell a 24.1% stake in the Gassled joint venture for 17.35 billion Norwegian kroner ($3.2 billion) to Solveig Gas Norway – a joint venture including pension funds and the Abu Dhabi Investment Authority (Adia).

6 June 2011
Policy & Regulation

Market plays down Centrica’s response to tax hikes

UK gas traders on Thursday played down Centrica’s announcement that it would operate its 20 thousand cubic metres per day Morecambe South gas fields on a more intermittent basis in future, due to the tax increases for offshore production.

2 June 2011
LNG

Iberdrola, BP sign LNG supply agreement

Spanish utility Iberdrola has signed a 10-year LNG supply contract with British Petroleum (BP) starting in 2012, Iberdrola said on Wednesday.

1 June 2011
Pipelines, Storage & Power

Nabucco transit countries to sign project support agreements

The five transit countries of the planned 31 billion cubic metres per year Nabucco gas pipeline will sign project support agreements (PSAs) for the project on 8 June, Vienna-based Nabucco Gas Pipeline International GmbH (NIC) said on Wednesday.

1 June 2011
LNG

Hyundai Heavy to deliver two LNG tankers to Dynagas

Hyundai Heavy Industries, the world’s largest shipbuilder, has won a $600 million order to build two, 155 cubic metre LNG carriers for Greece-based Dynagas, it said on Tuesday.

31 May 2011
Supply & Demand

German nuclear phase out to boost gas imports - SocGen

Germany’s natural gas imports will increase by around 11% on the current levels to 89 billion cubic metres per year by 2022, following the decision to phase out nuclear power generation, French bank Société Générale said in a report on Monday.

31 May 2011
Supply & Demand

Germany may need 6 GW of additional CCGTs – Deutsche Bank

Germany may need to build an additional 6 gigawatts (GW) of gas-fired power plant capacity between 2011 and 2015 if it starts phasing out nuclear power plants following the incident at the Fukushima plant in Japan, analysts at Deutsche Bank said in a report on Friday.

27 May 2011
Companies & Finance

Tullow buys Nuon’s exploration and production arm

London-based Tullow Oil has agreed to buy Nuon Exploration and Production for €300 million ($427 million), increasing its North Sea gas production by over 60%.

27 May 2011
Supply & Demand

French gas outlook: Rising demand in a well-supplied market

French consumption of natural gas is expected to increase steadily over the coming years, due to increased demand from power generators and industrial producers, but supplies look ample at least for the near future, experts say.

26 May 2011
Policy & Regulation

Interview: David Sharp, senior consultant at INDECS

David Sharp, senior consultant at energy insurance consultancy, INDECS discusses the impact the BP oil spill in the Gulf of Mexico has had on the insurance market, the key insurance risks of drilling in environmentally sensitive areas and how insurers are coping with the spate of global natural disasters that have taken place over the past few mont

25 May 2011
EU Energy Policy

Gas industry needs a voice

The gas industry in Europe is failing to effectively put its case across to politicians, policymakers and the general public, and has fallen well behind a more organised and publicity-savvy renewables

25 May 2011
EU Energy Policy

Interview: ACER's Walter Boltz

Walter Boltz discusses the steps towards greater transparency in gas markets and the impact they will have on medium to long-term investment in the European gas industry.

20 May 2011
Pipelines, Storage & Power

Bergermeer gas storage facility to start up in 2014

The development of the 4.1 billion cubic metre Bergermeer gas storage facility in the Netherlands has been approved by the Dutch authorities and is scheduled to start full commercial operations in 2014, Abu Dhabi National Energy Company (TAQA), said on 17 May.

18 May 2011
Supply & Demand

Global LNG tightness to lift UK gas prices - BarCap

Barclays Capital has revised up its forecast for UK natural gas prices on the back of a tighter outlook for the global LNG market, it said this week.

18 May 2011
Exploration & Production

Norway’s ageing infrastructures limit Statoil’s volumes

Three years after the merger between Statoil and the oil and gas arm of Norsk Hydro, the combined group is still struggling to boost upstream production.

17 May 2011
Exploration & Production

Interview: EBRD's Riccardo Puliti

Riccardo Puliti, managing director of energy and natural resources for the European Bank for Reconstruction and Development, discusses European shale gas developments, the Nabucco pipeline and the impact of Japan’s nuclear crisis on European gas demand.

11 May 2011

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