Europe ///
European gas prices surged more than 10% as Russia is keeping its grip on the market, opting to cap additional flows to the continent.
A record rally in natural gas prices in Europe doesn’t mean it’s become lucrative to send every available molecule to the region.
Europe is bracing for a tough winter as an energy crisis that’s been years in the making leaves the continent relying on the vagaries of the weather.
European natural gas futures surged to record highs on Monday as the amount of Russian gas flowing into Europe through a key entry point dipped, crimping supplies in an already tight market.
Nord Stream 2 AG, the Gazprom PJSC-owned pipeline project to bring more Russian natural gas to Europe, risks delays after losing a court ruling imposing changes to its organization.
Bilfinger will perform inspection services on the offshore assets of Total E&P (Exploration & Production) Denmark. The €40 million ($48.6 million) contract will be booked under Bilfinger’s Engineering & Maintenance Europe segment.
The leading representative body for the UK offshore oil and gas industry has today paid tribute to former Energy Minister Paul Wheelhouse and urged all parties to support the sector and its world class supply chain in order to realize homegrown greener energy.
Neptune Energy announced it has acquired a 38.75% equity interest from Spirit Energy in the Pegasus West discovery and surrounding acreage in the UK Southern North Sea.
Sulzer has broken ground on a new service center in Denmark that will provide its full range of product sales and maintenance services throughout the region, all from under one roof.
EnQuest PLC, an oil and gas production and development company, announced it signed an agreement with Whalsay Energy Holdings Limited to purchase Whalsay’s 100% equity interest in the P1078 license containing the proven Bentley heavy-oil discovery.
Schlumberger posted better-than-expected earnings Friday and forecast an increase in overseas spending by customers in the next quarter. Earlier in the week, Halliburton said oil markets outside North America may see double-digit growth in the second half of 2021, while Baker Hughes predicted a modest recovery in Latin America, the North Sea and the Middle East.
BP Plc employees are working from home, as the oil giant attempts to continue normal business operations after Greenpeace put up barriers on the entrances to its London headquarters.
Trelleborg’s marine and infrastructure operation has supplied a specially designed Gina gasket (G110-80) to the floating dry dock which protects the renowned museum ship, Pommern, located in the Mariehamn Maritime Museum in the Åland Islands, Finland.
Falcon Oil & Gas Ltd. has announced that Falcon Oil & Gas Australia Ltd. has successfully negotiated a two-year extension of the call option (the Extension) to acquire it’s 30% portion of the 2% ORRI from the TOG Group.
Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce it has secured an agreement (the Agreement) with Georgian Oil and Gas Limited (GOG) to increase its working interest (WI) in the West Rustavi licence (West Rustavi or the License) to 100% from the current 25%.
Marathon Oil Corporation has announced the company has entered into a share purchase agreement through its subsidiaries for the sale of its UK businesses Marathon Oil U.K. LLC (MOUK) and Marathon Oil West of Shetland Limited (MOWOS).
Royal Dutch Shell plc (Shell), through its affiliate Shell Overseas Holdings Limited, has reached an agreement with publicly listed Norwegian Energy Company ASA (Noreco), to sell its shares in Shell Olie-og Gasudvinding Danmark B.V. (SOGU) for a consideration amount of $1.9 billion.
Sound Energy, the African and European focused upstream gas company, has announced that it has entered into a binding conditional sale and purchase agreement with Saffron Energy Plc under which it is proposed that Saffron acquires Sound Energy's portfolio of Italian interests and permits through the acquisition by Saffron of the entire issued share capital of the Company's wholly owned subsidiary, Sound Energy Holdings Italy Limited (SEHIL).
Energean Oil & Gas has announced that it has agreed to farm out a 60% interest in its Ioannina and Aitoloakarnania Blocks, onshore Western Greece, to Repsol. Repsol will also become the Operator for both blocks.
Europe’s appetite for natural gas is leading to a growth “renaissance” as its stores of the fuel languish at the lowest levels since 2013, according to Gazprom PJSC.