German chemical sector recovers loses momentum in Q2, according to industry group
The second quarter saw a slight slowdown in the German chemical sector, according to a report released by VCI, the industry association. Both domestic and international orders, particularly in the pharmaceutical branch, were down in April-June.
Orsted and Iberdrola among the winners in record British renewable energy auction
Orsted and Iberdrola are among the winners in a British renewable energy auction that supported a record-breaking number of projects. The government announced this on Tuesday. The Labour government that came to power in July plans to decarbonise electricity by 2030.
UK North Sea Tax Changes Mean $12 Billion Revenue Drop, Industry Body Says
An industry group warned on Monday that the British government's plans to raise a windfall-tax on North Sea oil producers will result in a drop of nearly 16 billion pounds in state revenue and accelerate a fall in production. The Labour…
NEO Energy reduces UK investment plans due to fiscal and regulatory uncertainty
NEO Energy announced on Monday that it would slow down its investment in all of its portfolios due to the uncertainty surrounding fiscal and regulatory issues in the British oil sector. NEO is the owner of half the Buchan Horst project in the UK North Sea.
Shareholders accuse Thyssenkrupp of labor reps complicating steel sales
Two days before the supervisory board was due to meet and discuss the progress, the shareholder representatives of Thyssenkrupp accused their union counterparts of complicating plans to sell the steel unit of the group. Thyssenkrupp Steel Europe's sale…
New Zealand passes law to reverse oil and gas exploration ban
New Zealand announced on Monday that it will pass laws before the end of the year to reverse an offshore oil and natural gas exploration ban and to take urgent steps to eliminate regulatory hurdles for importing liquefied gas (LNG), amid energy shortages.
UK energy prices rise 10% due to extreme weather and geopolitics
The British energy regulator Ofgem raised the price cap for household energy bills on Friday by 10%, from October 1, to a level of 2,250.64 pounds per year. This increase was blamed on extreme weather conditions and conflicts like the war in Ukraine.
"Coal has to go," CEO of Poland's PGE Says
Coal has obviously to be scrapped as a power source, the CEO of the Polish group which owns the EU’s biggest carbon-emitting power plant said on Thursday, underscoring a policy shift in a country until recently wedded to coal to generate…
NGO Pushes for Green Recycling in North Sea
With the oil and gas sector seeing a downturn since 2014, the Platform has documented an increasing number of offshore units sold for scrap.While the recycling of fixed installations occurs under strict regulations, there are serious concerns regarding the recycling of floating structures…
Strike Would Cut Norway's Output 11%/Day
Norway's oil and gas output could be cut by about 440,000 barrels of oil equivalents per day, or about 11% of total production, if workers go on strike from June 4, industry association Norwegian Oil and Gas (NOG) said on Monday.A government…
Norway Oil Workers Threaten Strike
Around 200 Norwegian offshore oil and gas workers plan to go on strike on June 4 unless pay negotiations lead to a deal with employers, the Lederne labour union said on Wednesday.A strike would hit seven offshore fields and at least two of those would have to shut production, cutting output by
New Sonatrach CEO: Foreign Partnerships Essential
Algeria's state energy company Sonatrach wants to develop its partnerships with foreign firms to boost output and exports, its new chief executive said on Wednesday, comments that could reassure investors a week after his appointment.Algeria…
Strikes Impact Shell's Pernis Oil Refinery
Striking workers at Royal Dutch Shell's Pernis plant in the Netherlands have taken offline a thermal gasoil installation, a Dutch union said on Monday, in the first sign of any impact from industrial action on Europe's largest oil refinery.Shell…
Norway Fund to Sell E&P Firms
Norway's trillion-dollar sovereign wealth fund, the world's biggest, will sell its stakes in oil and gas explorers and producers but still invest in energy firms that have refineries and other downstream activities, according to a government…
Eskom Plans Executive Layoffs
South Africa's cash-strapped power firm Eskom has approved a plan to cut executives jobs as it struggles to bring down operating costs, the utility said on Wednesday, the first step in the firm's proposed restructuring."Eskom's operating…
U.S. Oil Boom Starts to Cool, Tightening Global Market: Kemp
U.S. oil production is running into capacity constraints, which are starting to have a material impact on the global availability of crude, causing the market to tighten and putting upward pressure on prices.The biggest problem is the lack…
Hellenic Petroleum Workers Battling Selloff Block Suitors from Refineries
Workers at Hellenic Petroleum on Monday physically prevented suitors eyeing a majority stake in Greece's biggest oil refiner from entering two of its sites in protest at plans to privatise the utility, a union spokesman said.While privatisations…
Total Offshore Oil Platforms Strike Ended at Midnight
A 12-hour strike at three of Total's British offshore oil platforms that started at midday on Monday ended as planned at midnight, a spokesman for Unite said on Tuesday.Britain's largest labour union has also scheduled 24-hour stoppages on Aug. 6 and 20 and a 12-hour strike on Aug.
Union Workers Strike at Total's North Sea Oil Platforms
Britain's largest labour union, Unite the Union, announced series of 24 hour and 12 hour rig worker strikes at Total's North Sea oil and gas platforms, a statement said on Thursday. There will be three 24 hour stoppages on July 23 and Aug.
Total's North Sea Oil Platforms Hit by 24-hour Strike
Around 40 rig workers started a 24-hour strike on Monday on the Alwyn, Elgin and Dunbar platforms in the British North Sea, curbing gas flows to shore, but stored crude was expected to mitigate any oil supply disruption.The platforms halted production at 0500 GMT…
