Europe

Business Trends: Global LNG projects to compete with pipeline gas

Expanding LNG supply worldwide will continue to dominate the changing landscape of the natural gas industry and gas trade. By 2040, LNG is expected to account for more than 15% of global gas consumption, after overtaking interregional pipeline deliveries in the late 2020s.

Ultra-low-sulfur fuels: The evolution of clean fuels production

One of the most significant trends affecting the refining industry over the past 30 yr is the drive toward clean fuels production. A major aspect of “clean fuels” focuses on mitigating pollutants—carbon monoxide, nitrogen oxide, hydrocarbons and particulate matter—from vehicle exhaust.

Business Trends: Application of blockchain technology in the petrochemical industry

A JV between Equatorial Guinea’s Ministry of Mines and Hydrocarbons and Marathon Oil plans to build a modular refinery on Bioko Island. In late April, the JV signed a contract to VFuels to conduct a feasibility study for the 5,000-bpd facility. The project involves dismantling a methanol plant and converting it into a refinery. If built, the facility—part of Equatorial Guinea’s Year of Investment 2020 initiative—would provide refined products to satisfy increasing domestic demand.

Offshore wind continues strong growth, bolstered by new floating projects

As spending on renewable energy, particularly offshore wind, accelerates, floating projects will make up a growing share of activity.

PosHYdon: The key to unlocking offshore hydrogen’s future energy potential

The PosHYdon pilot project will create the world’s first offshore green hydrogen production plant in the Dutch North Sea. The project will gain experience in integrating working energy systems at sea and producing hydrogen in an offshore environment.

Pipeline politics

Pipeline politics Recent news in the pipeline sector outside of the US has mainly focused on 2 particular gas projects, one very much under construction and nearing completion, and the other still in the planning phase, possibly for a good while yet. Comprehensive details of both are to be found on..

A quiet year for LNG

A quiet year for LNG 2020 has been a quiet year for the global LNG industry, certainly as far as project development is concerned. The Covid-19 global pandemic has had a negative effect across the whole industry, from plants to shipyards. If 2019 was business as usual for the booming LNG industry,..

Hydrogen for Public Transportation: How some European cities are adopting hydrogen fuel cells for public transit

Fuel cell powered vehicles operate by flowing hydrogen over a membrane and combining it with oxygen. This generates electricity, heat, and water. Compared with traditional gas and diesel powered buses, they drive similarly with the same range and not susceptible to the drawbacks of battery powered vehicles such as decreased range and lengthy recharge times. Many European cities have incorporated their fleet of buses over to hydrogen fuel cells and the number of buses in operation are increasing every month. Emmen and Barcelona have both made large orders in September making 23 cities in Europe with currently operational hydrogen bus lines and another 37 cities planning to launch within the next three to five years.

BP to focus transition portfolio in solar generation

The United Kingdom based BP aims to move from an international oil company (IOC) to international energy company (IEC). Bernard Looney, BP’s Chief Executive Officer recently stated, “No one knows the precise path – but the energy mix is changing – oil and gas are going to be increasingly challenged – and other forms of energy are going to see incredible growth”. To this he continued that, “We have a new guiding purpose – to reimagine energy for people and our planet. A bold ambition – to be a net zero company by 2050 or sooner and to help the world to net zero”.

2020 AFPM Summit: Five trends to watch as coronavirus reshapes the global olefins industry

The coronavirus outbreak is having a transformational effect on global olefins. Supply, demand, trade, pricing, costs and margins are all being affected to the extent that it will undoubtedly reshape the wider industry.

UK strives to develop economically viable deepwater wind capabilities

To further exploit the UK’s vast wind power potential, technology advances and cost reductions are required for floating installations to compete commercially against bottom-fixed facilities.

Calculating petroleum quantities in the 21st century

Over the past 100 yr, a number of technological advances and process improvements have dramatically changed how the oil and gas industry finds, produces and refines petroleum. The industry has made vast improvements in physical property databases, calculation procedures, and the determination of density and petroleum quantities by incorporating advances in modern processing technologies and updating measurement standards.

Global announcements and developments July

The industry's most comprehensive list of current and recent rounds for onshore and offshore licences

Oil firms ready to pick up the infrastructure divestment pace

Pipelines, storage facilities and processing plants could replace non-advantaged production as prime candidates Oil and gas producing firms create the most value by exploring for, developing and producing hydrocarbons. Internal rates of return (IRRs) far in excess of 20pc are the norm for successful upstream ­projects.

Trans Adriatic Pipeline Enters Initial Testing Phase

(P&GJ) — The Trans Adriatic Pipeline (TAP) has introduced the first natural gas into a 2.5-mile (4-km) section of the pipeline at the Greek-Albanian border as it prepares for first gas deliveries to Europe by the end of 2020.

Bulgaria's State Gas Firm Seeks Loans for Pipeline Construction

SOFIA, June 5 (Reuters) - Bulgaria's state gas firm Bulgartransgaz is seeking up to 400 million euros ($453 million) to finance an extension of the TurkStream gas pipeline and other gas projects in the Balkan country, it said on Friday.

Global announcements and developments June

The industry's most comprehensive list of current and recent rounds for onshore and offshore licences

Record-setting Q2 at northwest Europe’s LNG terminals

Six of the region’s eight LNG terminals saw deliveries above 80pc of capacity for a second consecutive month All of the LNG terminals across Poland, the Netherlands, Belgium and France’s Atlantic coast received deliveries in May at more than 80pc of their processing capacity, as did the UK’s South Hook terminal, according to data by leading cargo tracking firm Kpler. This marks the second month that six of the facilities that can readily supply into northwest Europe (NWE) have topped 80pc utilisation for the first time since the so-called ‘LNG wave’ started emerging in early 2019.

Bulgaria Still Aims to Complete TurkStream Pipeline Extension by Year-End

LETNITSA, Bulgaria (Reuters) — Bulgarian Prime Minister Boyko Borissov said on Monday he hoped that the Balkan Stream natural gas pipeline - an extension of Russia's TurkStream - would still be ready by the end of the year despite construction delays due to the coronavirus crisis.

Maintenance: How to conduct successful turnaround maintenance at refineries

PricewaterhouseCoopers reports that, since 2014, the oil and gas industry has put off noncritical spending to reduce costs.1 In 2016, for example, the average number of backlogged labor hours for corrective and deferred safety-critical maintenance increased by 25%.1 While deferring maintenance saves resources initially, such delays lead to unsafe equipment and reduced output due to sub-par equipment.

LNG: Intercontinental to inter-regional?

Price differentials are threatening the economics underlying global LNG arbitrage. But the lower prices may unlock competition within regions It was all going rather well for efficient global LNG trade. The associated gas boom that accompanied the US shale oil revolution drove Henry Hub prices to bargain-basement levels just at a time when the country was developing its first wave of liquefaction and export capacity, most of it linked to those Louisiana prices.

Construction to Start on Gas Pipeline from Norway to Poland

WARSAW, Poland (AP) — Construction of a major gas pipeline from Norway is to begin in the coming days and will be a “milestone” in giving Poland independence from Russian gas, Polish President Andrzej Duda said.

Poland's Gaz-System Reaches $306 Million Pipeline Deal with Saipem

GDANSK/WARSAW (Reuters) - Polish gas grid operator Gaz-System said on Monday it has signed a 280 million euro ($306 million) contract with Italian oil services group Saipem to build a section of the Baltic Pipe between Denmark and Poland.

Arctic LNG sea fleet: Carrying gas from the cold

At present, 20 of the world’s approximately 500 in-service LNG carriers are used, or planned for use, to carry natural gas produced by the world’s northernmost LNG liquefaction projects. These projects include Equinor’s operating Hammerfest LNG plant on Melkøya Island in northern Norway; Novatek’s recently commissioned Yamal LNG terminal in Sabetta in Russia’s northeast Yamal Peninsula; and Novatek’s under-construction Arctic LNG 2 project in Russia’s Gydan Peninsula.

Greek-Italian Joint Venture Seeks Contractors for EastMed Gas Pipeline

ATHENS (Reuters) — A joint venture between Greek utility DEPA and Italy's Edison is seeking to shortlist two contractors to build part of a pipeline to carry natural gas from the eastern Mediterranean's rapidly developing gas fields to Europe, DEPA said on Thursday.

Licensing rounds announcements and developments

The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses