Europe

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.

Former BP CEO Looney Loses $40 Million in Compensation Amid Board Misconduct Claims

BP cut over $40 million in remuneration from former CEO Bernard Looney after the British oil giant concluded he had knowingly misled the board over personal relationships with colleagues.

Energy Companies Launch Green Hydrogen Projects in Italy

Four energy companies announced on Tuesday two separate green hydrogen projects in Italy as they move to offer clean fuels to their customers and take advantage of money coming from the European Union's post-pandemic recovery fund.

Serbia Launches Gas Pipeline Interconnector with Bulgaria, Diversifying Supplies

Serbia on Sunday completed the interconnector to a pipeline in Bulgaria, which would allow the Balkan country to diversify its gas supplies and reduce its dependence on Russia.

Fluxys, OGE, Wintershall Dea Partner for CO2 Transport from Southern Germany to Belgian Hubs

(P&GJ) — Fluxys Belgium, Wintershall Dea, and OGE are joining forces to create a CO2 corridor transporting emissions from Southern Germany to Belgium's developing CO2 export hubs for storage in the North Sea reservoirs.

Symbio Inaugurates Europe's Largest Hydrogen Fuel Cell Plant

Symbio, the hydrogen mobility joint venture between Stellantis, Forvia and Michelin, has inaugurated Europe's largest gigafactory for hydrogen fuel cells in the Auvergne-Rhône-Alpes region in France.

Global News December 2023

Latest industry developments from around the world!

Green Hydrogen Projects by Spain's Enagas Poised to Receive EU Funding

Two renewable hydrogen projects partially managed by Spain's gas grid operator Enagas have been included in the European Commission's list of Projects of Common Interest (PCI), the company said on Tuesday, meaning they could benefit from accelerated permitting procedures and subsidies.

Kyiv Proposes Reversing Trans-Balkan Gas Pipeline Flows Through Ukraine

Ukraine's state gas transit operator on Wednesday proposed reversing gas flows through the Trans-Balkan pipeline, which would allow gas to be pumped from the Balkans to Central and Eastern European countries through Ukraine.

Centrica Pumps Gas from Rough Storage into U.K. Grid as Demand Rises

British Gas owner Centrica has released stored gas from its largest storage facility into the national grid for the first time this winter, it said on Tuesday, seeking to manage rising heating demand and contain prices.

Caspian Pipeline Consortium Resumes Oil Loadings at Black Sea Terminal

The Caspian Pipeline Consortium (CPC), a main export route for Kazakhstan's crude oil, said on Thursday it has resumed oil loadings at its Black Sea terminal which had been suspended due to storms, disrupting exports since last Friday.

Europe Studies Mega-Projects for Piping CO2 Offshore

(P&GJ) — Belgian TSO Fluxys and Norway’s state oil and gas company Equinor are working on plans for a 620-mile (1,000-km) pipeline that could export CO2 from industrial clusters in Zeebrugge, Belgium to storage sites offshore Norway. An extension to industrial sites in the port of Dunkirk, France is also under consideration.

Snam, Eni, Terna to Fast Track European Pipeline, Hydrogen, Carbon Capture Projects

The two initiatives supported by Snam are a pipeline for hydrogen between Italy, Austria and Germany dubbed the SoutH2 Corridor and a carbon capture and storage hub offshore Ravenna known as the Callisto Mediterranean C02 Network.

Spanish Green Hydrogen Pipeline to Receive EU Funding

The Commission's list includes the H2Med corridor - a future multibillion-euro "green" hydrogen pipeline connecting the Iberian peninsula to France and on to Central Europe by 2030.

CEZ Books 2 Bcm Capacity at German LNG Terminal

Czech majority state-owned utility CEZ has agreed to book 2 billion cubic meters (Bcm) of annual capacity at the Stade LNG terminal in Germany from 2027, Prime Minister Petr Fiala said on Thursday.

Balticconnector Gas Pipeline to Expand Transmission Capacity Post-Repair

The Balticconnector gas pipeline between Finland and Estonia, which was damaged last month, will get a bigger northbound transmission capacity next year following repairs, Finnish operator Gasgrid said in a statement on Wednesday.

Nigeria, Germany Sign Gas Export Agreement

A gas export partnership deal was reached between Riverside LNG of Nigeria and Germany's Johannes Schuetze Energy Import AG. Under the agreement, Nigeria will annually supply 850,000 tons of natural gas to Germany, with expectations for this to rise to 1.2 million. The initial deliveries are scheduled for 2026.

Iraq-Turkey Pipeline Restart Talks Exclude Industry Representation, APIKUR Says

APIKUR, which represents international companies involved in upstream oil or gas contracts in Iraq's Kurdistan region, have not been contacted by Iraqi or Kurdish officials for a deal to allow the resumption of oil flows from the Iraq-Turkey pipeline.

EU Sues Poland Over Restrictions in Cross-Border Trade of Natural Gas

The European Commission on Thursday said it is suing Poland over measures imposing additional costs in cross-border trade of natural gas.

CEZ Abandons Planned Polish LNG Terminal Capacity Over Disputed Conditions

Majority state-owned Czech utility CEZ has shelved a plan to secure capacity for LNG at a new Polish terminal because it was unhappy with the conditions offered, two sources with knowledge of the matter told Reuters.

Global News November 2023

Latest industry developments from around the world!

Serbia Signs Gas Supply Deal with Azerbaijan

Serbia signed a deal with Azerbaijan to purchase 400 million cubic meters of natural gas per year from 2024, Azerbaijan's energy ministry said on Tuesday.

Snam to Invest $1.1 Billion in Ravenna Offshore LNG Terminal

Italian gas grid operator Snam will invest a total of $1.1 billion in a new LNG offshore terminal near Ravenna, the company's CEO said on Tuesday.

TotalEnergies CEO Predicts Continued Gas Market Volatility Until New Supply Emerges

The CEO of French energy giant TotalEnergies said on Tuesday that the LNG market will continue to experience volatility until new supply is available, but prices are reasonable compared to 2022.

BP, Edison, Shell Ask US, EU to Intervene in Venture Global LNG Dispute

BP, Edison and Shell pressed a U.S.-EU energy group to intervene in a dispute with liquefied natural gas exporter Venture Global LNG over the U.S. firm's failure to deliver contract supplies of the fuel.

Snam Explores Acquisition of Edison's Gas Storage, Eyes Bigger Stake in Adriatic LNG

Snam plans to file an offer to buy Edison's gas storage business and is also considering increasing its stake in Adriatic LNG, Italy's biggest LNG terminal, the group's CEO said on Thursday.

Air Products to Build Europe's Largest Blue Hydrogen Plant in Netherlands

Air Products and Chemicals said on Monday it will build, own and operate a carbon capture and carbon dioxide (CO2) treatment facility at its existing hydrogen production plant in Rotterdam, Netherlands.

Chevron Pursuing 15-Year LNG Supply Contracts into Europe

Chevron is negotiating contracts to supply LNG into Europe for up to 15 years as buyers expect the region to rely on imports for longer than previously thought, an executive at the U.S. oil and gas company said.

Companies Awarded Storage Licenses in Initial Round of UK Bidding

(P&GJ) – The North Sea Transition Authority (NSTA) announced the list of companies that accepted licenses following the U.K.’s first-ever carbon storage licensing round.