Russia’s Rosneft commissioned on Tuesday a new oil and gas production cluster in Western Siberia, delivering the first commercial crude oil from the Erginsky cluster to the Transneft pipeline system, Kallanish Energy learns.
UK-based petrochemical group INEOS announced on Tuesday a farm-in agreement with Siccar Point Energy purchasing majority stakes at two exploration licenses in the Northern Gas Fields West of Shetland cluster, Kallanish Energy reports.
British oil major BP announced on Tuesday it’s selling a package of its interests in the Bruce assets in the North Sea to London-based Serica Energy for a total of £300 million ($397.3 million), Kallanish Energy reports.
Swedish utility Vattenfall has expanded the operation lifetime at two reactors at Ringhals nuclear power plant beyond the 2020s thanks to a safety upgrade investment worth 900 million Swedish kronas ($107 million).
Russia’s largest steelmaker in terms of market share, MMK, said on Monday it has signed a long-term natural gas supply deal with Gazprom worth 40.41 billion roubles ($679.85 million), Kallanish Energy learns.
Natural gas continues to play a key role in guaranteeing electricity supply in Spain, the country’s grid operator Enagas, said last week when gas demand hit a six-year record high, Kallanish Energy reports.
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.