Biomethane may be route for decarbonizing Europe’s gas markets

Biomethane can help decarbonize Europe’s gas markets, but continued growth depends on policy support, Wood Mackenzie said this week. According to analysts Graham Freedman and Nnenna Amobi, the carbon-neutral renewable gas can be directly injected into existing natural gas infrastructure and decarbonize the heating and transport sectors. That’s because biomethane is a purified form of

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Shipping industry must not wait for ideal fuel solution: DNV-GL

The shipping industry’s “grand challenge” of decarbonization will have to rely on a mix of fuels, rather than wait for the ideal solution to arrive, according to DNV-GL. The consultancy said in its Maritime Forecast to 2050 report that currently there are at least 16 different fuel types and 10 fuel technology systems in the

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Total posts $8B loss in Q2, maintains dividends

French energy major Total posted on Thursday losses of over $8.37 billion during second-quarter driven by impairments, lower hydrocarbon prices and production levels, Kallanish Energy reports. The net loss compares to a net profit of $2.76 billion during the same period last year, as “exceptional circumstances” led to asset impairments totalling $8.1 billion. The majority

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While U.S. Pipelines Face Siege from Extremists, China Moves Ahead

 ... … … [Editor Comment: Pipelines here at home in the U.S. are ever harder to get done as extremist opponents tie them up in courts, but China is moving ahead ever faster.] While pipelines in the United States face increasingly hostile legal challenges, China is seeing the importance of a national oil and natural

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Gazprom, CNPC discuss extra 6 Bcm/y gas supplies

Russian gas giant Gazprom is negotiating an additional 6 billion cubic meters per year (Bcm/y) of gas supply to China, Kallanish Energy reports. The company is in talks with its partners to increase gas deliveries via the Power of Siberia, CEO Alexey Miller said in an interview published on Gazprom’s website last Friday. If an

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CNOOC makes major discovery offshore China

China’s oil and gas company CNOOC announced on Monday a “significant” oil and gas condensate discovery off the South China Sea, Kallanish Energy reports. The discovery of Huizhou 26-6 in the eastern South China Sea is set to become the first mid-to-large sized field in the shallow waters of Pearl River Mouth Basin. The well-encountered

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Exmar readies to dispute YPF’s force majeure notice

Belgium shipping company Exmar is considering the best way to defend its interests in a dispute with Argentina’s YPF, Kallanish Energy reports. The company said last week it received notification of force majeure from YPF under the Charter Agreement and Services Agreement they hold for the Tango FLNG barge. Exmar said the move is “unlawful,” and

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TechnipFMC bags two new contracts from Equinor

UK’s oilfield services company, TechnipFMC, has bagged two new contracts from Norway energy major Equinor, Kallanish Energy reports. The deals are worth up to $189.7 billion and comprise pipelaying and subsea installation for projects in the Norwegian Continental Shelf, Equinor said on Tuesday. It covers the Breidablikk project and a gas import system for the

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Mozambique LNG secures $2.25B from host government

Total-led liquefied natural gas project, Mozambique LNG, has reportedly been offered a five-year, $2.25 billion funding guarantee from the Mozambican government. Partners at the $20 billion onshore project are said to have agreed to the guarantee in lieu of an immediate equity contribution from state-run National Hydrocarbon Company (ENH). The company owns a 15% stake

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US LNG exports to face 40-45 cargo cancellations in August

U.S. liquefied natural gas (LNG) exporters could see the cancellation of an estimated 40-45 cargos for August loading, similar to levels reported for July loadings, Kallanish Energy reports. Citing unnamed sources, Reuters reported earlier this week Cheniere is likely to see 30 cargos canceled, while up to 10 shipments could be canceled from the Freeport

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Chevron, Shell lead industry’s resilience at $30/Bbl Brent: WoodMac

Chevron and Shell’s upstream portfolios are the most resilient at oil price at $30 a barrel and offer the highest cash margins at $70/Bbl, according to analysts at Wood Mackenzie. Tom Ellacott and the Corporate Analysis team at the consulting firm have studied the resilience of the seven oil and gas majors: BP, Shell, Chevron,

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Petronas debuts Myanmar’s gas market

Malaysia’s state oil and gas company, Petronas, said Thursday it has entered Myanmar’s gas market delivering its first two liquefied natural gas (LNG) cargoes to CNTIC VPower, Kallanish Energy reports. The successful exports mark a “new era” in the growth of LNG demand in the South East Asian region, said Petronas LNG CEO Abdul Aziz Othman. “With

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Mozambique’s LNG projects on track despite Covid-19: official

Mozambique’s national petroleum institute INP said on Thursday the country’s natural gas and liquefaction projects remain in line with the schedule agreed between the government and investing companies. INP’s chairman Carlos Zacarias told a press conference a day earlier that despite the suspension of activities in Afungi due to the Covi-19 pandemic, implementation activities for

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Gazprom takes FID on new gas project in Western Siberia

Gazprom and RusGazDobycha have reached a final investment decision (FID) on the development of the giant Semakovskoye gas field in Western Siberia, Kallanish Energy reports. The partially offshore/onshore field in the Yamal-Nenets autonomous region has recoverable gas reserves of over 320 billion cubic meters (Bcm). The project is slated to enter commercial production in 2022

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LNG demand will double by 2040: Shell

Worldwide liquefied natural gas demand is expected to double by 2040 to 700 million tonnes, according to third party forecasts, Royal Dutch Shell reports in its Fourth Annual LNG Outlook, Kallanish Energy reports. LNG in 2019 rose a robust 12.5%, to 359 million tonnes, Shell stated. “The global LNG market continued to evolve in 2019,

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