Wednesday, June 19, 2024

Energy Giant News

Spain's Energy Firms Look to Central Europe Markets for Green Hydrogen Deals

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Spanish oil company Cepsa signed on Wednesday two agreements aimed at shipping green hydrogen between Spain and the Netherlands, a day after renewable energy giant Iberdrola took a similar step.The two Spanish companies are vying to become green hydrogen leaders…

Has Green Hydrogen Sprung a Leak?

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The green hydrogen express is gathering pace, but it may have a worrying problem with leaks.As governments and energy companies line up big bets on the much-touted fuel of the future, some scientists say the lack of data…

Gas Prices Soar in Europe on Tight Russian Supply

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European gas prices soared more than 30% on Tuesday as low supplies from Russia reignited concerns about an energy crunch as the region heads for colder weather.A key pipeline which normally delivers gas from Siberia to Europe continued to work in reverse on Tuesday…

Eni Buys Biogas Production Firm FRI-EL Biogas

Biogas plant/Credit:Bertold Werkmann/AdobeStock

Italian energy giant Eni has agreed to buy FRI-EL Biogas Holding company, a leader in the Italian biogas production sector.The transaction will see Eni’s subsidiary Ecofuel, a company responsible for managing Eni’s investments in the circular economy…

Sinopec Adds More Oil Storage at Baishawan

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China's Sinopec has started operating the second phase of its Baishawan commercial crude oil storage project in eastern province Zhejiang, the company said in a statement on Wednesday.The project had added four storage tanks with combined capacity of 450,000 cubic metre

Venezuelan Oil Exports Rose in April

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Venezuela's oil exports ticked higher in April after falling in March to their lowest average in seven months, helped by new trading partners that were re-selling cargoes in Asia, according to documents from state-run…

Sinopec Building LNG Storage Tanks at Tianjin Terminal

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China's energy giant Sinopec has started building storage tanks in the second phase of its Tianjin terminal project to receive liquefied natural gas (LNG), the company said in a statement.The plan for the second phase is to have five LNG tanks, with storage capacity of

Saudi Aramco Launches Largest Shale Gas Development Outside US

Amin H. Nasser (Photo: Saudi Aramco)

Saudi Aramco is launching the biggest shale gas development outside of the United States to boost domestic gas supply and end the burning of oil at its power generation plants, Chief Executive Officer Amin Nasser told…

Oil Jumps After US Kills Iran's Soleimani

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Oil prices jumped more than $3 on Friday after a U.S. air strike in Baghdad ordered by President Donald Trump killed the head of Iran's elite Quds Force, sparking concerns for an escalation of regional tensions and disruption…

Malaysian State Open to Buying Petronas Stake

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Malaysia's Terengganu state said on Wednesday it was open to buying a stake in national energy giant Petronas, after Prime Minister Mahathir Mohamad said he was considering such a sale to raise funds for his heavily-indebted federal government.Petronas…

China to Launch State Pipeline Group

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China plans to launch its long-awaited national oil and gas pipeline company on Monday, part of a sector-wide reform aimed at providing fair market access to infrastructure and boost investment in oil and gas production.Most of the country's pipeline infrastructure is c

Orsted Raises $660m Green Finance

Denmark-based energy giant successfully issued green hybrid capital securities for €600m ($660m) to refinance existing securities issued in 2015.The latest issue will have a maturity in 3019 and first call option after eight years…

Sarawak Seeks to Recoup Tax from Petronas

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Malaysia's state of Sarawak filed a writ summons and statement of claim against national energy firm Petroliam Nasional Bhd on Thursday to recover taxes owed, according to media reports.National news agency Bernama reported that the company…

Denmark OKs Nord Stream 2 Project

Denmark has granted permission for the Russian Nord Stream 2 natural gas pipeline to be constructed across Danish seabed in the Baltic Sea, leading to Germany.The Danish decision puts greater pressure on U.S. Congress…

China Bank Supports Hoegh LNG for New FRSU

Hoegh LNG on its first ever sale and leaseback deal with China Construction Bank Financial Leasing (CCBFL) for its tenth Floating Storage Regasification Unit (FSRU), the Hoegh Galleon, which was delivered yesterday (August…

Scandinavia's Largest Offshore Wind Farm Opens

European energy giant Vattenfall opened Scandinavia’s largest offshore wind farm, Horns Rev 3.The 49 wind turbines on the Horns Rev 3 also represent Vattenfall’s and Denmark’s largest offshore wind farm, which is located…

Woodside Begins Greater Enfield Project

Australian energy giant Woodside has announced in a press release that it will produce first oil from its Greater Enfield project located offshore Australia this month."We expect first oil from the Greater Enfield reservoirs in August 2019.

Total Plans $5 Bln in Asset Sales

(File photo: Malfere Damien / Total)

French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus on low breakeven projects that can weather weak oil prices, it…

IMO2020: The Rise of Bulk Liquid Hydrogen in Norway

Imagine a power distribution network where excess renewable energy from hydropower, wind, solar, and nuclear energy is converted to hydrogen and used as transportation fuel in the maritime industry. With the allure of a zero emissions fuel…

Total, IFPEN Join Forces to Cut Carbon

The French Institute of Petroleum IFP Energies Nouvelles (IFPEN) and compatriot multinational integrated oil and gas company Total announced that they signed a strategic R&D partnership yesterday, that includes an agreement to endow a chair at the IFP School…