Europe
Arbitration Favors BP as Sole Buyer in Kosmos Energy's Senegal LNG Project
Kosmos Energy said on Tuesday a Paris-based arbitrator has ruled in favor of BP, prohibiting Kosmos from selling to third parties liquefied natural gas from the Greater Tortue project offshore Senegal and Mauritania.
McDermott Wins EPCI for 155 Miles of Offshore, Onshore Pipelines in Qatar's North Field
The contract covers the EPCI of nearly 250 km (155 miles) of offshore and onshore gas pipelines, connecting five new offshore wellhead platforms to two new onshore LNG trains.
TotalEnergies Wins LNG Supply Tender for Bulgargaz
Natural gas distribution company Bulgargaz said that French oil major TotalEnergies ranked first in a tender offer to supply LNG in November and December to the Alexandroupolis terminal in Greece.
Australia's Santos and TotalEnergies Ink Mid-Term LNG Supply Deal
Santos has signed a mid-term liquefied natural gas (LNG) supply agreement with TotalEnergies' Singapore unit. The three-year contract, starting in late 2025, will see Santos supply up to 500,000 tons of LNG annually, further strengthening its LNG portfolio in the region.
TotalEnergies to Showcase Low-Cost Oil Projects, Long-Term LNG Deals to Investors
Fresh off a flight from Suriname, TotalEnergies' CEO is expected to tell investors in New York on Wednesday that the energy giant can maintain returns through 2030 despite falling prices, thanks to low-cost oil projects like its most recent in the South American country.
Greece's New LNG Terminal Boosts Europe's Gas Supply Diversification
A new floating liquefied natural gas (LNG) storage and regasification unit (FSRU) started commercial operation off Greece's northeastern coast on Tuesday with the aim of diversifying supply of imported LNG to Europe.
Finland and Estonia Form Pact to Strengthen Underwater Energy Assets
Finland and Estonia have signed an agreement to strengthen cooperation in protecting and repairing critical underwater energy infrastructure, including the Balticconnector gas pipeline. This partnership aims to enhance energy security and stabilize prices for both countries.
P&GJ’s Europe 500 Report of Top Pipelines
The following is a list of some of the longest transportation routes on the continent of Europe as of July 2024. This third such report will be broken down into two sections: gas and liquids (oil and products), which will be updated in each of our September issues going forward.
French Pipeline Sector Moving Toward Hydrogen
France is actively developing its pipeline network, as part of ambitious state plans to turn the country into one of the largest natural gas and hydrogen hubs in Europe in years to come.
EU, NATO Step Up Fight Against Sabotage of Gas Infrastructure
Safeguarding European energy and gas infrastructure against sabotage and cyberattacks will be one of the top priorities for NATO and the EU institutions over the coming years as the Nord Stream attacks have altered the energy security landscape for good.
Shell, Equinor, TotalEnergies Open Norwegian CO2 Storage Facility with 68-Mile Pipeline
Shell, Equinor, and TotalEnergies have completed a CO2 storage project in Norway that includes a 110-kilometer (68-mile) pipeline to transport carbon dioxide for permanent storage 2,600 meters below sea level. First deliveries are expected in 2025.
Eni CEO Predicts Brent Oil to Rebound to $80 per Barrel by Year-End
The chief executive of Italian energy group Eni expects Brent oil prices to recover to around $80 per barrel in the coming months.
Dutch Urge Tougher Sanctions as Russian LNG Imports Surge
Imports of liquefied natural gas (LNG) from Russia at the Netherlands' main terminal in Rotterdam have risen in recent months, underlining the need for further sanctions, the Dutch government said on Monday.
ConocoPhillips, Uniper Ink 10-Year Natural Gas Supply Deal
German energy company Uniper and U.S. oil and gas producer ConocoPhillips said they have agreed a supply deal for up to 10 billion cubic meters of natural gas over the next 10 years.
TotalEnergies Extends CNOOC LNG Deal by Five Years
France's TotalEnergies said on Thursday it has extended an agreement with China's CNOOC by five years that will see it deliver 1.25 million tons of LNG per year until 2034.
EQT CEO Predicts U.S. Natural Gas Prices to Stay Below $3/MMBtu Amid LNG Demand Growth
The CEO of U.S. natural gas producer EQT Corp. on Wednesday said U.S. prices for the fuel will remain below $3 per million British thermal units in the short term.
Turkey Boosts Export Capacity, Supply Flexibility with 10-Year LNG Deal with TotalEnergies
Turkey took a further step towards becoming a regional gas re-exporter on Wednesday, after state energy company Botas signed a 10-year supply agreement with France's TotalEnergies, its fourth long-term import deal with non state-owned firms this year.
Apollo Strikes $1 Billion Deal to Fund BP's Stake in Trans Adriatic Pipeline
Apollo Global Management has signed a $1 billion deal with British energy major BP to fund its stake in the Trans Adriatic natural gas pipeline.
MT Group Secures Ørsted Contract for CO2 Capture Facility in Denmark
The project will focus on piping and equipment for the Balance of Plant systems at Ørsted’s Kalundborg CO2 Hub.
BP, Iberdrola Team Up on 25-MW Green Hydrogen Plant in Spain
Spanish renewable power company Iberdrola and Britain's BP said on Thursday they had agreed to build a 25-megawatt green hydrogen plant in Castellon, on Spain's eastern coast.
Hungary's MOL Reaches Deals for Oil Transport Via Druzhba Pipeline
Hungary's MOL said on Monday it had reached deals with suppliers and pipeline operators for the continuous transportation of crude oil through Belarus and Ukraine via the Druzhba pipeline.
Poland's Orlen Secures Exclusive LNG Trans-shipment Deal in Lithuania
Polish top refiner Orlen has signed a five-year agreement with Lithuanian oil and gas logistics firm KN Energies for exclusive use of a waterfront LNG transshipment station in Klaipeda.
Azerbaijani President Confident on Ukraine Gas Route Talks
Azerbaijani President Ilham Aliyev said on Friday he was optimistic of a breakthrough in talks between Moscow and Kyiv to keep Russian gas flowing through Ukraine to several European countries.
Goldman Sachs Warns AI Could Weigh on Oil Prices, Reshaping Market Dynamics
Artificial intelligence could hurt oil prices over the next decade by boosting supply by potentially reducing costs via improved logistics and increasing the amount of profitably recoverable resources, Goldman Sachs said on Sept. 3.
U.S. LNG Export Dominance Under Pressure as Europe's Demand Drops: Maguire
The United States has remained the largest exporter of LNG so far in 2024, but a steep drop in selling prices and a sharp swing in export volumes to key markets is likely testing exporter appetite to stay on top.
Eni and Snam Launch Italy’s First Carbon Capture Project to Cut Emissions
Eni and Snam have launched Italy's first carbon capture, transport and storage project to help heavy polluting industries cut carbon dioxide emissions, they said on Tuesday.
Half of Finland’s Inkoo LNG Slots Already Booked for 2025
Customers of Finland's Gasgrid have so far booked half the available slots for imports of LNG via the Inkoo floating storage and regasification unit in 2025, the company said late on Monday.
EU to Tighten Hydrogen Funding Rules Amid Cheap Chinese Imports
The European Commission is working on tighter rules to ensure EU funding for hydrogen projects benefits European companies, after local industries raised concerns over cheap Chinese imports, the EU's head of climate change policy said on Monday.
Turkey’s Botas Secures 10-Year LNG Deal with Shell for 4 Bcm
Turkish state energy company Botas and British oil major Shell signed a 10-year LNG agreement on Monday, the Turkish Energy Minister Alparslan Bayraktar said.
‘Capricious’ You Say?
Is it just me or does the decision by the D.C. appeals court to throw out FERC’s approval of a Williams Cos. pipeline project due to the regulator’s “arbitrary and capricious” review process seem a bit more short-sighted than usual?
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Williams Seeks Emergency Certificate to Operate $1 Billion Mid-Atlantic Gas Pipeline After Court Reversal
- Texas Oil Pipelines Near Max Capacity, Threatening Future Export Limits
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Saudi Arabia Looking to Expand Pipeline to Reduce Oil Exports via Gulf
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Puerto Bahia, Gasco to Build Liquefied Petroleum Gas Facility in Cartagena, Colombia
- U.S. Court Overturns FERC Approval for NextDecade’s $18 Billion Rio Grande LNG Project
