Western Europe ///
“We need to also discuss which economic relations in the gas sector are possible with Russia, and which aren’t,” Merkel said during a news conference in Berlin Thursday, referring to planned talks with Joe Biden’s government. “My basic position on Nord Stream 2 hasn’t changed,” she added, when asked about plans to complete the pipeline between Germany and Russia.
The latest setback for exporters is the expiry of a 2017 accord between U.S. LNG developer NextDecade Corp. and the Port of Cork to build an import terminal in Ireland.
Gas pumped from the BP-led Shah Deniz deposit in the Caspian Sea began flowing into Italy, Greece and Bulgaria on Dec. 31, BP and Azerbaijan’s state energy company Socar said in a joint statement. The European Union has worked for years to ease its dependence on Russia, which accounts for about a third of the region’s gas supplies.
When complete, Nord Stream 2 will allow Russia to expand deliveries of gas to Europe and circumvent the traditional transport corridor through Ukraine. The U.S. and Eastern European nations say the pipeline will make Germany and the European Union too reliant on Russian gas.
Over the past several weeks, Asian refineries have snapped up crude oil from the Middle East, the U.S. and Russia as buyers received more government allowances to boost imports after the start of next year. Demand for North Sea barrels was slow to pick up, but even that’s now started to change.
Schlumberger has announced that the company's board of directors in January 2020 approved the cancellation of the listing of the company’s common stock on the standard segment of the Official List of the London Stock Exchange and the cancellation of admission to trading of such shares on the main market of the LSE.
Jersey Oil and Gas PLC has revealed the findings of a new independent evaluation of its recently acquired Greater Buchan Area project in the North Sea.
Kurt Abraham, World Oil
Another mixed outlook awaits the E&P sector
Emily Querubin, World Oil
Since the 1960s, the North Sea has remained a highly sought-after region for oil and gas E&P.
Achilles Information, a supply chain risk and performance management provider, has launched the most comprehensive supplier network available for the oil & gas industry: Oil and Gas Europe.
ION Geophysical announced a new 3D multi-client reimaging program offshore Denmark, aligned with the Danish Energy Agency's objective to boost exploration activity by providing a modern, affordable 3D depth-imaged data set.
Neptune Energy has agreed to acquire interests in certain oil and gas fields in Emsland and the Grafschaft Bentheim region in Germany from Wintershall Dea.
Efforts to secure safe passage through the Strait of Hormuz are ramping up as the UK said a second warship arrived in the area and South Korea may deploy its own unit as part of a multinational force.
Aker BP ASA, operator of production license 442, has completed the drilling of wildcat well 25/2-21 (Liatårnet).
EnerMech, the Aberdeen-headquartered provider of specialist services to the energy and infrastructure sectors, has today announced that John Guy has been appointed as CEO, succeeding company founder Doug Duguid, who will assume the role of deputy chairman.
Turkey rebuffed measures by the EU and vowed to go ahead with its exploration in a growing dispute with EU member Cyprus.
The Gudrun partners have decided to invest in a water injection plant on the Gudrun field to improve reservoir recovery. This will extend the field life by three years compared to the original plan.
Equinor Energy AS, operator of production licence 502, has completed the drilling of wildcat well 16/5-7.
The Dales Voe decommissioning facility in Shetland is one step closer to becoming a center of excellence for recycling offshore structures from the North Sea with the arrival of two new installations for decommissioning by strategic partners Veolia and Peterson.
Production on the Norwegian shelf is holding steady at a high level. Many projects are in the development or planning phases.