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North Sea

Russian Gas Company makes £39m profit in North Sea

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Russian Gas Company makes £39m profit in North Sea

http://107.21.149.147/world/2022/11/austria-claims-that-its-reliance-on-russian-gas-supplies-is-waning-2/Despite sanctions, Gazprom continues to supply reduced gas volumes to continental Europe via pipelines. Gazprom International UK, a Gazprom subsidiary, achieved a pre-tax profit of £39 million in 2022. All of Gazprom International UK’s revenues are generated from sales outside the UK. Gazprom has been extracting gas from the Sillimanite field, spanning UK and Dutch … Read more

UK approved plans for a new Shell gas field in North Sea

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Shell

The amended proposal of Shell to develop a North Sea natural gas field was authorized by Britain’s regulator on Wednesday, as the government strives to enhance domestic energy supply following Russia’s invasion of Ukraine. Shell said it wants to proceed with the development of the Jackdaw gas field, which has the potential to provide 6.5 … Read more

Dutch, Germany to jointly drill for gas in North Sea

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Dutch

Controversial plan to drill gas 10 nautical miles offshore on Dutch-German border. Russia’s Gazprom Stated, that it was halting all gas supplies to the Netherlands. Netherland to cut Russian gas and oil supplies by the end of the year. The Netherlands and Germany will jointly drill for a new North Sea gas field, the Dutch … Read more

One-eyed bandit: Long-lost cat home after being found on oil rig

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oil

A lengthy-lost cat has been reunited with its owner in Scotland after being determined at a North Sea oil rig in a delivery field, the Scottish SPCA animal charity stated Friday. The one-eyed black cat turned into found at an oil rig off the port of Peterhead, on the coast of Aberdeenshire in northeast Scotland, the charity said. The … Read more

Denmark unveils energy plan to be ‘free from Putin’

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Denmark

Denmark showcased on Tuesday a roadmap to end its dependence on Russian gas by boosting renewable energy, biogas, and its own gas production to become “free” from President Vladimir Putin. While the European Union has so far refused to ban Russian oil and gas over the Ukraine battle, the 27-nation bloc targets to reduce its … Read more

Asian-owned shipbuilders in Germany file for bankruptcy

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Asian

FRANKFURT: Asian tourism and casinos giant Genting’s shipbuilding subsidiaries in Germany filed for bankruptcy on Monday, which one union leader described as a “dark day” for the country’s dockyards. With travel still severely restricted during the coronavirus pandemic, particularly in Asia, the company has seen demand for huge cruise ships or luxury mega-yachts dwindle. MV Werften … Read more

Support growing to add WTI oil to Brent benchmark to improve liquidity

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WTI

LONDON: The UK North Sea has been in a state of perpetual transformation in recent years. As oil majors left the aging basin for less expensive and larger fields across the globe it has been forced to sharply cut costs to compete for investment, Arab News reported. Then the US fracking boom upset global prices. If that … Read more

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