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Europe
Liquefied Natural Gas (LNG) , Natural Gas , Midstream
Poland’s PGNiG Secures LNG Supply from US Firm Sempra
PGNiG’s LNG supply portfolio with U.S. partners currently stands at 7 million tons or 9 Bcm after regasification. A contract with Sempra would boost that by more than 40%.
May 16, 2022
Field Development , Liquefied Natural Gas (LNG) , Midstream
Norway’s Hammerfest LNG Plant Extends Outage Another Week
Europe’s only large-scale LNG plant, at Melkoeya island just outside the Arctic town of Hammerfest, can process 18 million cubic meters of gas per day when fully operational.
May 16, 2022
Investment , Policy & Regulations , Energy Transition
British Funds Tell Texas: Emission-cut Vows Matter for Our Reputation
At stake with the new Texas law are assets including $1.4 billion that Man Group of London runs for the Teacher Retirement System of Texas, and $59.7 million the system has with abrdn of Edinburgh.
May 13, 2022
Public Capital , Emissions , Energy Transition
BP Wins Shareholder Support for Climate Strategy
The vote at BP’s annual general meeting came as the British government faced growing pressure to hit BP and its rivals with a windfall tax after energy companies posted a surge in profits.
May 12, 2022
Markets , Trade , Midstream
Europe Refiners Benefit from US Emergency Oil Stock Releases
With continued releases of the U.S. Strategic Petroleum Reserve over next several months, “expect to be seeing some of those exported,” Kpler’s Smith said.
May 12, 2022
Natural Gas , Trade , Midstream
Europe’s Gas Supply Crisis Grows after Russia Imposes Sanctions
Moscow’s sanctions came just a day after Ukraine halted a gas transit route, blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the invasion.
May 12, 2022
Exploration & Production , Subsea
Decommissioning: Taking a Cleaner, Greener Approach to Subsea Retrieval
DOF Subsea is on the case with an impressive 99% recycling and reuse rate in North Sea decommissioning project
May 12, 2022
Liquefied Natural Gas (LNG) , Trade , International
Bulgaria to Receive US LNG Deliveries from June
The arrangement to receive U.S. LNG supplies was agreed at a meeting between Bulgaria Prime Minister Kiril Petkov and U.S. Vice President Kamala Harris in Washington, the government said.
May 11, 2022
Trends
Energy A&D Transactions from the Week of May 11, 2022
Here’s a snapshot of recent energy deals including the closing of PDC Energy’s $1.3 billion acquisition of private D-J Basin operator Great Western Petroleum plus the formation of a $1.1 billion renewable natural gas joint venture.
May 11, 2022
Investment , Policy & Regulations , Energy Transition
Norway to Ramp Up Offshore Wind in Drive to Go Green
A wide range of utilities, oil and gas firms and engineering companies have lined up to develop offshore power projects in Norway, including Equinor, Shell, BP, Ørsted and Eni.
May 11, 2022