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Shell Boosts 2Q Earnings, Eyes US Sanctions, Qatar Chances
Shell posted a strong increase in second quarter net profits on July 27, up 31% year on year at $1.545bn, as it said it was monitoring carefully the progress of US sanctions…
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Gasunie Expects Tariff Ruling to Shrink 2017 Revenue by 25%
Netherlands state-owned infrastructure operator Gasunie has reported a fall in turnover and profits in 1H 2017, which it says will get steeper later this year following changes…
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First Culzean Gas on Target for 2019: Maersk
Maersk Oil has said that its $4.5bn North Sea Culzean gas field development is on target to produce first gas on schedule in 2019, having reached a key milestone with the safe…
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Hoegh LNG Secures Financing for FSRU#8
Hoegh LNG said July 24 it has received commitment letters for a $230mn debt financing for its eighth floating storage and regasification unit (FSRU #8). It comprises a 12 year…
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CGG Awarded Petrobras Seismic Processing Job
French geosciences group CGG said July 19 it has been awarded a contract by Petrobras to process the seismic data from a 3D Ocean Bottom Node (OBN) survey covering a…
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Groningen Court Ruling due Mid-November
The Raad van State (Council of State), the highest court in the Netherlands, said July 14 it expects to give its ruling mid-November over whether the Shell/Exxon-operated…
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UK Fund Boosts Spanish Gas Stake
Goldman Sachs was cleared July 14 by the European Commission to farm down its stake in third-largest Spanish gas distributor Redexis Gas. The commission said it had cleared a …
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Update: Gasunie Eyes Quite Large German LNG Project
Update: Since our July 12 article, Gasunie has provided further details of the north German LNG terminal that it is planning with joint venture partners. The terminal would be…
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Gate LNG Expands Truck Loading
Gate terminal, the Rotterdam LNG import facility jointly owned by Gasunie and Vopak, said July 12 it started commercial operation of its two new truck-loading bays on July 10. &nbs…
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Shell To Quit Irish Upstream, Sell Corrib Stake
Shell said July 12 it has agreed to sell its upstream interests in Ireland, which include its 45% stake in the Corrib gas field, for up to $1.23bn. The buyer is CPP Investment…
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Eni Completes Belgian Deal
Eni said it completed July 10 the sale, initially announced March 31, of its Belgian gas & power retail, and wind power, businesses to Dutch firm Eneco. The business…
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Utilities Mull Converting Dutch CCGT to Hydrogen
Three European utilities are attempting to convert a Dutch power plant from gas to hydrogen, they said July 7. Norway's Statoil, Sweden's Vattenfall and Dutch…
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ICE Buys Out Gasunie from ICE Endex
US Intercontinental Exchange has completed its acquisition of ICE Endex following the purchase of the remaining 20% stake from Dutch transporter Gasunie, ICE said July 5. The…
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Alpiq Buys Power-to-Gas Contractor
Swiss utility Alpiq said July 3 it will become a 'power-to-gas' (PTG) contractor, after acquiring a Swiss producer of hydrogen production facilities. It closed the acquisition…
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Engie, Uniper Quit Rotterdam's CCS Project
French Engie and German Uniper say they are to quit the Dutch carbon capture and storage (CCS) project, Road. The government says it will seek alternative sponsors for the project.…
