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AsianOil: Beach to sell LNG to BP

28 September 2021

Australian independent Beach Energy has agreed to sell its share of liquefied natural gas (LNG) production from the Waitsia project onshore Western Australia to super-major BP.

NorthAmOil: PennEast Pipeline stops development

28 September 2021

PennEast Pipeline said this week that it would stop developing its proposed pipeline from Pennsylvania to New Jersey.

GLNG: Cheniere receives green light to introduce feed gas to Sabine Pass Train 6

28 September 2021

US LNG giant Cheniere Energy has been given the go-ahead by regulators to introduce feed gas to Train 6 at its Sabine Pass export terminal in Louisiana.

Uranium: what the explosion in prices means for the nuclear industry

28 September 2021

The primary fuel for nuclear plants was sliding for much of the 2010s, with no signs of a major turnaround. Yet since mid-August, prices have surged by around 60% as investors and speculators scramble to snap up the commodity.

LONG READ: How a V-shaped market and ageing pipes and fields sent gas prices soaring

26 September 2021

Russia has been accused of cutting gas supplies to Europe to force the EU to certify its new Nord Stream 2 pipeline, but most of the record-breaking prices can be explained by steep V-shaped market forces and ageing fields and pipelines.

Novatek deputy chairman arrested over allegedly hiding $93mn from IRS

24 September 2021

The deputy chairman and former CFO of Russia’s second-largest gas producer Novatek, Florida businessman Mark Gyetvay, has been arrested in the US on tax charges relating to $93mn that was hidden in offshore accounts.

ING: ECB’s push for net-zero carbon will grow ESG credit

24 September 2021

In the push for reducing carbon, significant investment will be necessary, and in turn, funding will be required. This will provide growth for the credit market, and in particular for anything associated with ESG.

Russian petrochemical giant Sibur merges with rival TAIF

24 September 2021

Russia’s biggest petrochemicals company Sibur has closed a deal to take over 100% of its Tatarstan-based rival TAIF in an equity swap that will leave the shareholders of TAIF with 15% of the merged company and bonds.

Poland’s PM skips regional summit to snub Czech premier Babis over mine row

24 September 2021

Poland reportedly plans to suspend cooperation with Czechia in the Visegrad Group until the mine’s case has been resolved in an amicable way.

bneGREEN: Western Balkans power plants in doubt after China to drop overseas coal projects

23 September 2021

What Chinese President Xi Jinping’s commitment not to back new coal-fired power plants abroad means for Bosnia and Serbia’s plans to invest into more coal power capacity.

Nigeria establishes NNPC Ltd as new NOC

23 September 2021

Nigerian President Muhammadu Buhari has issued an order authorising the incorporation of Nigerian National Petroleum Corporation Ltd, in line with the recently signed Petroleum Industry Act.

bpTT brings Matapal field on stream ahead of schedule

23 September 2021

BP Trinidad and Tobago (bpTT), a subsidiary of BP (UK), revealed on September 20 that it had begun extracting natural gas from the Matapal field offshore Trinidad and Tobago.

ISTANBUL BLOG: Paris Agreement ratification becomes a no-brainer for Erdogan

23 September 2021

President faces an election by 2023 and millions of Turkish teenagers who will vote for the first time know their country has just been through a summer of climate change hell.

AfrElec: Africa’s endangered mountainous forests risk losing carbon sink potential

22 September 2021

Tropical forests in mountainous areas of Africa are more concentrated stores of carbon than the Amazon, a new study in journal Nature has suggested.

ING: Little stopping the natural gas rally

22 September 2021

The record low natural gas prices seen in Europe last year seem like a distant memory. Prices have hit new records on almost a daily basis recently. TTF has recently broken above EUR70/MWh, which is up around 245% since the start of the year.

bneGREEN: Montenegro cancels €54mn Pljevlja TPP reconstruction plan, to focus on renewable energy

22 September 2021

Ministry says Podgorica to scrap reconstruction of power plant at centre of conflict with Energy Community.

Polish government outraged by CJEU fine over lignite mine

22 September 2021

Poland fined €500,000 per day for failing to abide by order to halt the Turow lignite mine’s operations immediately.

AsiaElec: Vestas wins 101-MW wind turbine order from India’s ReNew Power

21 September 2021

Denmark’s Vestas has secured a 101-MW wind turbine order from Indian independent ReNew Power.