Tag Archives: NS Energy

The French energy company and Iraqi government have agreed to allot a stake of 30% to the state-owned Basra Oil Company and 25% to QatarEnergy in the project, which involves recovery of flared gas on three oil fields for feeding gas to power plants along with the construction of a …

The European Commission has today presented the REPowerEU Plan, its response to the hardships and global energy market disruption caused by Russia’s invasion of Ukraine. There is a double urgency to transform Europe’s energy system: ending the EU’s dependence on Russian fossil fuels, which are used as an economic and …

Germany has moved ahead to block the €9.5bn Nord Stream 2 pipeline amid the growing military tensions between Russia and Ukraine. In a blow to the gas pipeline project, German Chancellor Olaf Scholz has suspended its certification process after Moscow announced recognition of the independence of Donetsk and Luhansk in …

Equinor and its partner Wellesley have discovered oil in the Troll and Fram area in the Norwegian North Sea, following the drilling of the exploration wells 35/10-7 S and 35/10-7 A. The discovery was made at the Toppand prospect, 8km west of the producing Fram field, in production licence 630 …

China Petroleum & Chemical (Sinopec) has broken ground on a CNY3bn ($470.77m) photovoltaic (PV) green hydrogen production project in Kuqa, Xinjiang, China. Dubbed as Sinopec Xinjiang Kuqa green hydrogen pilot project, the facility is expected to produce 20,000 tonnes per year of green hydrogen after its completion. Sinopec is targeting …

Poland’s PGNiG has announced that the launching of the €9.5bn Nord Stream 2 pipeline will increase the risks to the security of gas supplies to the European Union (EU). The Polish firm alongside its German subsidiary PGNiG Supply & Trading (PST) has filed its position within the certification procedure of …

Gazprom announced that it has fully completed the construction of the €9.5bn Nord Stream 2 gas pipeline, which is designed to transport Russian natural gas to the European Union through the Baltic Sea. Nord Stream 2, the pipeline holding company, will now carry out the necessary pre-commissioning activities with an …

LUKOIL announces the start of a catalytic cracking complex construction project at the Perm refinery. The project is implemented under an agreement with the Ministry of Energy of the Russian Federation on providing an investment incentive as part of the negative excise tax on refinery feedstock until January 1, 2031. …

Dhahran-based petroleum and natural gas company Saudi Aramco is reportedly targeting to raise at least $17bn from its stake sale in gas pipelines. The deal amount could be higher than the $12.4bn the company received in the oil pipeline transaction, sources familiar with the matter told Reuters. North American private …

Spending cuts enforced across the global energy industry last year due to the pandemic will be clawed back in 2021, with investment poised to grow 10% to $1.9tn. That is a return to pre-crisis levels, but the composition of capital expenditure will be more tightly focused on electricity generation than …