Europe
News
November 14, 2022
Germany moved to nationalize a second major gas company in two months as Berlin seeks to secure supplies for the winter and contain the financial shock from Russia’s squeeze on European energy.
News
November 14, 2022
Moscow may have found an important new outlet in the UAE for some of its crude shunned by Europe after Russia’s invasion of Ukraine. Tracking data shows a tanker recently delivered about 700,000 barrels of Russian crude to an ADNOC refinery.
News
November 13, 2022
UK Chancellor Jeremy Hunt is expected to delay much of the £55 billion ($65 billion) of savings to fill the hole in the public finances until after the next election, including an increase in the oil and gas windfall tax.
News
November 13, 2022
Oil and gas investments could be driven out of UK waters if Chancellor Jeremy Hunt carries out threats to raise the windfall tax to 35%, Offshore Energies UK (OEUK) has warned.
News
November 11, 2022
The European Union’s impending sanctions on oil imports from Russia aren’t quite as exclusionary as they might seem at first sight. It will still be possible for what are arguably still Russian oil molecules to legitimately enter the European Union.
News
November 09, 2022
Ukrainian security officers conducted a raid of a major oil company and a refinery as authorities investigate possible tax evasion and move to seize strategic assets owned by some of the country’s richest men.
News
November 08, 2022
The split in the European Union is deepening over how to contain an energy crisis, with nations supporting a price cap on imported natural gas accusing the bloc’s executive of being too slow to develop a proposal to limit the costs of the fuel.
News
November 08, 2022
Many of the world's oil refineries are rushing to secure supplies of Middle East crude for next year as nearly all European Union countries will be barred from purchasing seaborne cargoes from Russia within a month.
News
November 04, 2022
Neptune Energy announced Friday that drilling has commenced on the Calypso exploration well in the Norwegian Sea, with a target depth of approximately 2,960 meters (9,711 feet).
News
November 04, 2022
The Czech Republic imposed its first windfall tax on some of the biggest businesses to help finance energy subsidies without boosting government borrowing. The 60% "surcharge" will be in place for three years.
News
October 20, 2022
Prime Minister Liz Truss resigned after a brief and chaotic tenure that saw her announce a massive package of unfunded tax cuts before unwinding most of it in the face of a market rout.
News
October 19, 2022
Prime Minister Liz Truss’s government issued a stark warning to Conservative MPs not to back an opposition motion on fracing, as party managers struggle to control mutinous lawmakers.
News
October 12, 2022
Neptune Energy received approval to raise the production limit at its operated Römerberg oil field in the Rhine Valley, southwestern Germany, enabling Neptune to increase oil production by up to three times the current limit of 3,700 barrels of oil equivalent per day.
News
October 10, 2022
Petrofac has been selected by Dana Petroleum to provide well management services for all its UK North Sea operated assets, including the Triton FPSO and the Western Isles FPSO vessels.
News
October 07, 2022
The UK oil and gas licensing round announced Friday by the North Sea Transition Authority, will boost British gas supplies, sustain the offshore industry and strengthen plans for a low carbon future, said Offshore Energies UK.
News
October 06, 2022
Neptune Energy and its partners announced an extension of higher gas production from the Duva field in Norway, supplying enough gas to heat a further 550,000 UK homes per day.
News
October 03, 2022
Hungary is one of the EU nations most reliant on Russia for energy, and has seen the cost of oil and gas imports soar to an estimated $19 billion this year from $4 billion in 2019, according to government data.
News
September 30, 2022
Belgian and Danish government representatives have entered into a ground-breaking agreement to enable captured CO2 to be shipped across their borders to be permanently stored in a sandstone reservoir 1800 meters beneath the seabed of the Danish North Sea.
News
September 30, 2022
Record exports of Norway’s Johan Sverdrup crude oil are set to help meet European refineries’ needs as a deadline to phase out Russian supplies draws closer.
News
September 30, 2022
Energy services provider Expro has successfully completed the plug and abandonment of Ireland’s first indigenous gas wells. Expro provided the delivery of integrated subsea and well test services over an eight-month period.
News
September 26, 2022
As global natural gas markets continue to tighten and Europe braces for a challenging winter, the American Petroleum Institute and the International Association of Oil and Gas Producers released a new analysis of Europe’s natural gas market and highlighted the immense potential of U.S. LNG to help Europe strengthen its energy security.
