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