Hydrogen has a key role to play in the future energy systems, but “it’s no silver bullet,” European pro-hydrogen speakers said in an industry webinar on Thursday. According to Christoph Jugel, head of energy systems at the German Energy Agency, green hydrogen – the fuel produced from renewables power and water – “isn’t the silver … Read more
Russia’s Sakhalin Energy, the operator of the Sakhalin-2 LNG plant, said on Thursday its oil and gas licenses have been extended for another five years, Kallanish Energy reports. The joint venture between Gazprom, Shell, Mitsui, and Mitsubishi was granted an extension on its development licenses for the Piltun-Astokhskoye and Lunkskoye fields in the Sea of … Read more
British oil major BP seeks to delay first gas on its operated Greater Tortue Ahmeyin project by one year due to the coronavirus pandemic, Kallanish Energy reports. Liquefied natural gas shipping company Golar LNG said earlier this week it received a force majeure notice from BP under its 20-year lease and operate agreement for the … Read more
Guyana’s second crude oil shipment left ExxonMobil’s Liza Destiny platform Wednesday and is heading to Panama, Kallanish Energy reports. The new crude oil cargo lifted by the U.S. supermajor and its partners offshore Guyana is said to have been sold on the open market. According to shipping data from Marine Traffic, the Eagle … Read more
Denmark is investigating the possibility of building one or more “energy islands” with a capacity to produce 10,000 megawatts of offshore wind power, the country’s energy and climate ministry said Tuesday. The project would need between 200-300 billion krones ($29.6-$44.5 billion) in investment, of which the majority would be met by the private … Read more
Crude oil moved along a bumpy price track Tuesday ahead of Opec’s bi-annual meeting, which kicks off Thursday in Vienna, Kallanish Energy reports. Expectations of output cuts from Opec+ members brought prices back up after they slid briefly following comments from President Trump that a trade deal with China may be delayed. … Read more
Welcome to this week’s edition of The Buzz, a weekly feature where Kallanish Energy editors select the quartet of stories this past week we feel were the most important – and have the chance to make the biggest impact on the oil and gas — and energy industry as a whole. US natgas price will plunge to 1970s … Read more
Russian producer Gazprom was the global leader in oil/gas production growth over the past five years, according to a note released Thursday by independent research company Rystad Energy. It was followed by Chinese state-owned PetroChina and the U.S.’s largest dry gas producer, EQT Corp., Kallanish Energy learns. Gazprom had growth of more than … Read more
Brazilian regulator National Agency of Petroleum, Natural Gas and Biofuels (Anp) said last week it expects revenue of $425 billion from the 16th Exploratory Blocks Bidding Round. The authority also expects $112 billion in investments, Kallanish Energy reports. The bidding round is scheduled for Oct. 10, offering 36 blocks in five offshore sedimentary … Read more
A federal agency has taken the next step in developing a key electric transmission line to serve wind development offshore New York and New Jersey, Kallanish Energy reports. The Interior Department’s Bureau of Ocean Energy Management (Boem) is publishing what is called a request for competitive interest in the Federal Register today. One company, … Read more
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