While it does not operate any oil and gas fields or LNG plants in Russia, the French oil and gas company has minority stakes in several non-state-owned Russian oil and gas companies. These include Novatek (19.4%), Yamal LNG (20%), Arctic LNG 2 (10%) and TerNefteGaz (49%). TotalEnergies is also a …
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According to the Energy and Climate Intelligence Unit (ECIU), in the period October 2021 to April 2023, windfarms are expected to pay back £660M as their contracted prices are much lower than the current wholesale cost of electricity, which has been driven up by the gas crisis. The final saving …
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subsidiary Nihon Tug-Boat vessel Ishin received its first carbon neutral LNG (CNLNG) from Daigas Energy at Sakai Senboku Port, Osaka on 1 September 2021. This marks the first use of CNLNG as vessel fuel in Japan. Ishin was supplied at the wharf from a lorry, then returned to towage and …
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Russia is on course to smash its current monthly oil and condensate production record of 11.5M barrels per day (b/d), set in December 2018. The underlying factors are the OPEC+ coalition’s recent agreement to steadily raise oil production and new sources of Russian crude oil, reported oil analyst and consultancy …
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Recovering LNG demand, buoyed by China’s record-high LNG imports and low storage levels in Europe will combine to make 2021 a “remarkable year for LNG shipping”, according to a Drewry Maritime Research senior lead analyst Aman Sud. “LNG shipping rates, which started the year on a high are expected to …
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Built to China Classification Society (CCS) rules, Shen Hai Yi Hao has been deployed by field operator China National Offshore Oil Corporation (CNOOC) – China’s largest producer of offshore crude oil and natural gas. CNOOC estimates the Lingshui 17-2’s reserves at about 136Bn cubic metres (bcm) of recoverable gas. CCS …
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The study by Danish transmission system company Energinet and Gasunie Deutschland addressed the feasibility of a 350-450-km pipeline from Esbjerg or Holstebro in Denmark to Hamburg. Having completed the study, Energinet and Gasunie want to initiate market dialogue and unlock the potential for exporting green hydrogen from Denmark to demand …
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