Russian President Vladimir Putin said on Wednesday the Nord Stream 2 undersea gas pipeline would help to calm a surge in European gas prices and was ready to start exports now a second stretch of the pipeline has been filled.Nord Stream 2, completed…
Russian gas giant Gazprom said on Thursday its management had approved investments worth 1.76 trillion roubles ($24 billion) for 2022, up from initial plans of 902 billion roubles for 2021, to fund new production and refining hubs.Gazprom is developing new gas production deposits…
Greece and Egypt agreed on Thursday to expand their cooperation in the supply of liquefied natural gas (LNG) and examine the possibility of constructing a subsea gas pipeline between the two countries, the Greek energy ministry said.Greece, which mainly imports gas from Algeria…
Consulting and engineering firm Wood said it has been appointed by Turkish Petroleum (TP) as the integrated project management partner for the Sakarya Gas Field Development Project, located 150km off the coast of Turkey in the Black Sea.As Turkey’s largest gas reserve…
Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50% by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on Monday.Morgan Stanley has raised its long…
A British regulator rejected Royal Dutch Shell's plans to develop the Jackdaw gasfield in the North Sea after considering its environmental statement, industry sources said on Wednesday.'We’re disappointed by the decision and are considering the implications…
Fugro has used its first operational Blue Essence uncrewed surface vehicle (USV), the 12 m Fugro Maali, to complete an entirely remote nearshore inspection of three gas trunklines in the North West of Australia for the Woodside operated North West Shelf Project…
Woodside Petroleum Ltd, Australia's top independent gas producer, said on Wednesday it had raised the cost estimate for its Scarborough project by 5% as it worked towards a final investment decision this year.Woodside has pinned its hopes on Scarborough…
U.K. gas company IOG announced the spudding of the Blythe development well in the U.K. North Sea.Following Elgood, Blythe is the second development well in IOG's Phase 1 project and is expected to take under three months to drill and complete…
Oil Search said on Monday it intended to recommend an improved buyout offer from Santos Ltd, worth A$8.4 billion ($6.2 billion), in a deal that would create a top-20 global oil and gas company.The merged group would own oil and gas assets in Australia…
Turkey has discovered 135 billion cubic meters of additional natural gas in the southern Black Sea, President Tayyip Erdogan said on Friday, raising the total discovery in the region to 540 billion cubic meters.Last year, Turkey's drillship…
Russia's Gazprom on Thursday reported an 89% fall in 2020 net profit to 135.3 billion roubles ($1.8 billion), hurt by lower prices and sales and a huge rise in costs including a foreign exchange-related loss, but it expects a recovery in 2021…
Austrian oil and gas group OMV said it sees strong improvement in the second half of 2021 as it reported a better-than-expected quarterly core profit on Thursday thanks to higher oil prices and gains from the acquisition of plastics maker Borealis…
Wintershall Dea posted a jump in first-quarter financial results thanks to record production and recovering oil and gas prices, the German-Russian producer said on Tuesday.Its earnings before interest, tax, depreciation, amortization, and exploration expenses (EBITDAX)…
Italian supermajor Eni said it has commenced gas production from the deepwater Merakes project, located in the East Sepinggan block in the Makassar Strait, offshore East Kalimantan, Indonesia.The development sits in approximately 1,500 meters water depth in the Kutei Basin…