An international financial services company has announced its withdrawal from financing tar sands oil and pipeline projects in Canada and the U.S., Kallanish Energy reports. The announcement of new investment restrictions from the Netherlands-based NN Group came last week. The company that manages 240 billion euros ($277.13 billion) said it would not … Read more
Russian oil giant Rosneft will abandon its planned Pechora LNG project in the country’s northwest district of Nenets, a spokesperson told Kallanish Energy on Thursday. You have reached your allocation of free articles this week. Don’t despair you can keep reading the news. Subscribe or start your free trial to read the rest of this premium content. … Read more
The Netherland’s Groningen gas field, once the largest onshore gas field in Europe, will produce less than 12 billion cubic meters per year (Bcm/y) by October 2020, the country’s economic affairs minister said Thursday. Eric Wiebes said in a letter to parliament the purchase of nitrogen to mixed with imported gas could … Read more
Russian state g You have reached your allocation of free articles. Sign-up for a free ‘no-strings attached’ 2 week trial of our daily Kallanish Energy news service, giving you full access allowing you to read every article and dive deep into our information, prices, and analysis. » Start your FREE trial here … Read more
The UK’s busiest liquefied natural gas (LNG) import terminal, South Hook LNG, has been granted a technical modification to its network entry agreement (NEA) and will be able to expand its imports sources, Kallanish Energy learns. The joint venture between Qatar Petroleum (67.5% ownership), ExxonMobil (24.15%) and Total (8.35%) has applied to the Joint Office … Read more
French oil major Total reached record production in the first quarter of 2018, posting 5% growth year-over-year, despite the expiration of the Mahakam permit in Indonesia, Kallanish Energy reports. The company’s oil and gas output reached 2.70 million barrels of oil-equivalent per day (MMBOE/d) during the January-March period, compared to 2.56 MMBOE/d a year earlier. … Read more
Russian oil and gas company Rosneft said Tuesday it will invest at least €600 ($526) million in the next five years in Germany, with a view to developing its business in the European country and consolidating its position as a “reliable partner.” “We are happy that Rosneft’s cooperation with European partners is not … Read more
Polish gas transmission operator, GAZ-SYSTEM, and its Danish counterpart, Energinet, have started work on securing a positive Environmental Impact Assessment (EIA) for their proposed natural gas pipeline project, the Baltic Pipe. The firms promoting the project said earlier this week following the positive result obtained in the economic test for the Baltic Pipe, … Read more
Polish state-controlled oil and gas company PGNiG announced Tuesday it signed its first medium-term liquefied natural gas (LNG) supply deal originating from Cheniere Energy’s Sabine Pass LNG export terminal in western Louisiana. The five-year contract was closed with Centrica LNG beginning in 2018. Up to nine cargoes will be delivered during the term of the contract to … Read more
Portugal has confirmed it will close its two remaining coal-fired power plants before 2030, phasing out electricity generation from the so-called dirty fossil fuel, as the country joins the UK and Canada in a bid to spread international action against carbon emissions. Environment minister Joao Matos said last week the government will close the 1,100-megawatt (MW) Sines … Read more
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