Sunday, May 19, 2019

European Union News

Nord Stream 2 Launch Facing Delays

© Nord Stream 2 / Axel Schmidt

Russia's Nord Stream 2 gas pipeline project to Germany may launch in 2020, rather than the end of 2019, due to delays in obtaining permits from Denmark, Interfax news agency on Friday…

French, Irish Back Celtic Undersea Power Cable

French energy regulator CRE and its Irish counterpart CRU said on Monday they are backing a bid by the Celtic Interconnector undersea power cable project to get at least 60 percent…

US LNG Opens Floodgates to Europe

Photo: Delegation of the European Union to the United States

The United States has nearly tripled its natural-gas exports to the European Union (EU) since July and signed new licenses seeking to establish American energy as an EU mainstay. US…

EU: New Rules Apply to Nord Stream 2

© Nord Stream 2 / Axel Schmidt

The European Union executive on Thursday said its stance on Nord Stream 2 is law and will not change, despite receiving letter from the gas pipeline threatening legal action if it is not exempt from new energy rules.The bloc

Saipem Settles South Stream Dispute

Image: South Stream Transport B.V.

South Stream Transport, which is responsible for the construction and operation of the TurkStream Offshore Pipeline, and the Italian oil and gas industry contractor Saipem have settled…

Polish LNG Terminal Gets EU Grant

Image: Polskie LNG

Poland’s LNG import terminal in Świnoujście will receive a EUR128mln grant from from the European Regional Development Fund and the Cohesion Fund to expand its regasification capacity.The…

Norway Oil Exploration Refunds Are Not State Aid -ESA

© Lotharingia / Adobe Stock

Norway's regulations allowing oil and gas companies to claim refunds for exploration spending do not constitute state aid, the European Free Trade Association Surveillance Authority…

Orsted Seeks Ways to Avoid Brexit Tariffs

(Photo: Orsted)

Denmark's Orsted is looking at ways to avoid potential tariffs on imports of components for its multi-billion pound British offshore wind farms in the event of a disorderly Brexit,…

MHI Vestas: Brexit Will Not Deter Investment in Britain's Wind Sector

Photo: MHI Vestas

Japanese-Danish joint venture MHI Vestas plans to continue investing in its wind turbine blade manufacturing plant in Britain, despite the country's impending departure from the European Union…

Citgo Loans Price in Potential Regime Change

The bank debt of oil refiner Citgo Petroleum Corp, US subsidiary of Petróleos de Venezuela SA (PDVSA), has been volatile in recent days as Venezuela’s political crisis deepens and the…

Wind Provides 14% of European Electricity

Image: WindEurope

Wind energy provided 14% of the European Union’s electricity last year, according to figures published by the region’s wind energy trade body, WindEurope, with 11.7 gigawatts (GW) of new capacity added…

Shell Shrugs off Brexit, Eyes UK Offshore Wind

File image / credit Siemens

Shell plans to enter Britain’s offshore wind market by acquiring seabed leases or taking stakes in existing projects, despite the country's impending departure from the European Union…

EIA: Azerbaijan Surges in Natural Gas

Graphics: U.S. Energy Information Administration

Azerbaijan is an important supplier of crude oil and natural gas in the Caspian Sea region, particularly to European markets, the US Energy Information Administration said in its report.The…

Norway's Snow Crab Ruling Boosts Oil Claim

© Suvorov Aleksey / Adobe Stock

A court delivered a painful nip to European Union fishermen on Thursday by tightening Norway's grip on snow crab catches in the Arctic, a ruling that may also let Oslo claw more control…

Uniper: EU Decision on Nord Stream 2 Won't Affect Construction

Uniper said on Thursday it will stick to its contractual obligations concerning Russian gas export pipeline Nord Stream 2, adding that the outcome of an upcoming EU meeting would not…

BSOG to Go Ahead with Midia Offshore Project

Drilling at the Iulia-1 well (Photo: BSOG)

Romanian-based Black Sea Oil & Gas, controlled by private equity firm Carlyle Group LP, said on Thursday it has decided to go ahead with its $400 million offshore gas project in Romania…

Tankers with Venezuelan Oil Collect off US

© Igor Groshev / Adobe Stock

A flotilla loaded with about 7 million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding cargoes bought ahead of the latest U.S. sanctions on Venezuela and others whose buyers are weighing who to pay…

LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come

Image: SEA\LNG

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG…

Ingeteam Joins Spain's First Offshore Wind Turbine

Image: Esteyco

Spanish power technology giant Ingeteam is participating in the first bottom-fixed foundation offshore wind turbine prototype to be installed in Spain and the first of its kind in southern Europe.At the request of Estyco…

Alexandroupolis FSRU Delivery Delayed by Six Months

File Image: Gastrade

Greek utility company Gastrade has extended the timeline for completion of its Greek LNG development by six months to allow more time for the delivery of offshore floating, storage…