Europe

Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years

The London-listed oil and gas explorer said the start-up of Jubilee Southeast offshore Ghana drove production and boosted 2023 cash flow ahead of its expectations.

Gasunie Initiates 746-Mile Hydrogen Network Construction in the Netherlands

Gasunie has initiated the construction of a national hydrogen network in the Netherlands. This $1.6 billion project, commissioned by the Dutch government, aims to establish a comprehensive hydrogen infrastructure covering 1,200 kilometers (746 miles).

Global Pipeline Construction Outlook 2024: New LNG Terminals Sound Beckon Call for More Pipelines

(P&GJ) — It comes as little surprise to those in midstream that during the past year we have continued to see LNG initiatives garner more attention than pipeline projects. However, terminal construction drives new pipeline construction.

TotalEnergies Says Danish Tyra Gas Field Ready to Start in March

TotalEnergies will restart production at Denmark's Tyra natural gas field in March this year, the company said in a statement on Monday.

Spotlight on Germany: Nation’s Pipelines Nearing Major Changes

The pipelines’ sector of Germany is on the verge of major changes, due to the ongoing conversion to hydrogen and the rapid development of H2 and gas pipelines’ infrastructure throughout the country.

Blinken Urges Bosnian Lawmakers to Pass Gas Pipeline Law with Croatia

U.S. Secretary of State Antony Blinken has urged Bosnian Croat lawmakers to stop holding up legislation to build a natural gas pipeline with Croatia, seen as an alternative to Russian gas, local media reported on Thursday.

INEOS Bio-HDPE Powers First Sustainable Gas Pipeline for GRDF in France

INEOS has introduced a bio-based high-density polyethylene (HDPE) that is used in the construction of the world's first fully sustainable gas pipeline. GRDF, the French gas utility network operator, installed this pipeline, relying solely on the low carbon footprint polymer.

GasNet's 40,000-Mile Gas Pipeline Network Attracts CEZ and CVC for Final Bidding

CEZ and CVC Capital Partners are planning to place competing bids next week for Czech gas distribution network GasNet, which covers 80% of the country's gas distribution through a network of 40,000 miles of gas pipelines.

Moda Completes Sale of Vopak Moda Houston Terminal Interest to Exolum

Moda Midstream and EnCap Flatrock Midstream have finalized the sale of Moda's 50% stake in the Vopak Moda Houston terminal joint venture to Exolum, a prominent European logistics company specializing in liquid products and operating in nine countries.

Bulgaria Replacing Russian Crude with Oil from Kazakhstan, Iraq, Tunisia

Bulgaria is replacing Russian oil imports with crude from Kazakhstan, Iraq and Tunisia in January, according to traders and LSEG data.

Pipeline Giant Enbridge Targets Expanding Offshore Wind Investments in France, Steers Clear of Troubled U.S. Market

Canadian pipeline company Enbridge is keen on further offshore wind investments in France, but will avoid the United States, where cost and supply chain problems have contributed to offshore projects collapsing, a senior executive said.

Finland's Gasum Procures LNG Cargo for Inkoo Terminal from SEFE

Finnish energy firm Gasum said on Wednesday it is delivering a U.S. cargo of LNG it procured from Germany's SEFE LNG to the Inkoo floating storage regasification unit (FSRU).

Galp to Join BP and Shell in Formal Complaint Against LNG Exporter Venture Global

Portugal oil and gas firm Galp has asked U.S. regulators to allow it to join BP and Shell's formal complaints against U.S. liquefied natural gas (LNG) exporter Venture Global LNG, a filing showed on Tuesday.

German Gas Storage Operators Warn of Overblown Plans for Hydrogen Grids

Germany's future hydrogen demand could fall well short of the baseline the country is assuming in its plans to extend its gas network to carry the fuel, a study commissioned by a storage operators' group showed on Thursday.

Swiss Fossil Fuel Group Closes First Sale of Paris Agreement Carbon Offsets

A Thai electric bus operator said on Monday it had sold the first carbon offsets under a new system created by the Paris Agreement to a Swiss fossil fuel group, a major landmark for putting into action the eight-year-old United Nations climate accord.

E.ON CEO Stresses Germany's Gas Security Amid Middle East Risks

Germany's gas supply situation is far better than it was after Russia cut off supply last winter but instability in the Middle East could still send energy prices soaring, the head of energy firm E.ON said.

Global News January 2024

Latest industry developments from around the world!

Russian Oil Output to Hold Steady or Increase in 2024, Defying Earlier Sanctions Impact

Oil output in Russia, the third largest producer in the world after the United States and Saudi Arabia, is expected to be steady or even to increase next year as Moscow has largely overcome Western sanctions, analysts said.

Equinor Unloads Azerbaijan Assets, Including BTC Pipeline

Norway's Equinor said on Friday it has agreed to sell its assets in Azerbaijan to state-owned energy firm SOCAR, including interests in the ACG oilfield and the BTC pipeline for an undisclosed price.

Germany's $55 Billion Gas Deal with Norway Ends Russian Dependency

Germany's decision to make Norway its biggest gas supplier, culminating in a deal this week that will cover a major chunk of its industrial needs, means it has replaced the formerly dominant Russia with another equally dominant supplier.

Harbour Energy Strikes $11.2 Billion Deal for Wintershall Dea Assets

Britain's Harbour Energy on Thursday agreed to acquire Wintershall Dea's non-Russian oil and gas assets in a $11.2 billion share and cash deal with BASF and LetterOne that creates one of the world's largest independent producers.

Balticconnector Still on Course for April Repair, Gasgrid Says

Finnish gas grid operator Gasgrid on Thursday said commissioning of the Balticconnector gas pipeline between Finland and Estonia was still technically possible in April of 2024, provided that ongoing design and repair work was successful.

DNV and NGT Collaborate on Pioneering Hydrogen Pipeline Research for UK's Gas Network

DNV has announced that it is the lead partner for National Gas Transmission (NGT) in further expanding a world first hydrogen pipeline research facility FutureGrid. DNV will support NGT in developing a hydrogen de-blending, purification, and re-fueling facility at the site.

Germany's Stade LNG Project Set for February Arrival of Floating Terminal

Germany's emerging LNG terminal in the Elbe river port of Stade expects its floating regasification vessel (FSRU) to arrive in February, allowing seaborne gas cargoes to be fed into local pipeline grids, its management said on Wednesday.

Looking Back at the Biggest Pipeline Stories of 2023

(P&GJ) – In this final issue of P&GJ for 2023, the staff – with more than a little help from our readers – takes a look back at the sometimes chaotic year in midstream that was 2023.

Equinor, Germany's Sefe Strike $55 Billion Gas Supply Deal

German energy firm Sefe secured a 50 billion euro ($55 billion) gas deal with Norway's Equinor on Tuesday, covering one-third of the industrial gas needs of Europe's largest economy.

QatarEnergy CEO Anticipates Imminent LNG Supply Deals in Asia and Europe

QatarEnergy expects to agree new long-term LNG supply deals in Asia and Europe, with several "imminent", its chief executive told Reuters.

BlackRock Ends Talks with Exxon for Italy LNG Terminal Sale, Vitol Still in the Race

Asset manager BlackRock Inc. has bowed out of talks to acquire ExxonMobil Corp.'s majority stake in Italy's main LNG import terminal, three people with knowledge of the matter said.

Equinor Buys Shell's Stake in the Linnorm Gas Discovery

Norway's Equinor said on Thursday it has agreed to buy Shell's stake in the Linnorm gas discovery in the Norwegian Sea, raising its ownership to 50%.

U.K. to Back 11 Green Hydrogen Projects Under $2.5 Billion Fund

Britain's Energy Security Secretary, Claire Coutinho, announced on Thursday backing 11 projects to produce green hydrogen, as part of the government's 2 billion pound ($2.5 billion) funding to be committed over the next 15 years.