Energy in Europe http://www.globalpost.com/taxonomy/term/25158/all en UPDATE 3-Nabucco pipeline boosts prospects with Azeri deal http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-3-nabucco-pipeline-boosts-prospects-azeri-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Shah Deniz group would get 50 pct stake</p> <p>* Funding deal breathes life into downsized Nabucco West</p> <p>* Rival TAP pipeline has signed similar funding deal</p> <p>By Tsvetelia Tsolova and Henning Gloystein</p> <p>SOFIA/LONDON, Jan 10 (Reuters) - Azerbaijan's Shah Deniz gas group has agreed a deal that could see it take a stake in the Nabucco pipeline to transport the country's gas to Europe, boosting the project's chances against a rival plan.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/update-3-nabucco-pipeline-boosts-prospects-azeri-deal" target="_blank">read more</a></p> Business Energy Energy in Europe Infrastructure Nabucco Technology Thomson Reuters Thu, 10 Jan 2013 18:00:30 +0000 Thomson Reuters 5732767 at http://www.globalpost.com Greece, Italy, Albania sign gas pipeline deal http://www.globalpost.com/dispatch/news/afp/130213/greece-italy-albania-sign-gas-pipeline-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Greece, Italy and Albania signed an agreement in Athens on Wednesday to support a pipeline project expected to bring natural gas from the Caspian Sea to Europe.</p> <p>"The importance of this project will go beyond the borders (of the three countries) to establish the safety of Europe's energy supply," said Greek Prime Minister Antonis Samaras who was present at the signing ceremony.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130213/greece-italy-albania-sign-gas-pipeline-deal" target="_blank">read more</a></p> Energy Energy in Europe Europe Technology AFP Wed, 13 Feb 2013 14:00:20 +0000 Agence France-Presse 5754393 at http://www.globalpost.com Greece can help solve EU's 'energy insecurity': PM http://www.globalpost.com/dispatch/news/afp/130225/greece-can-help-solve-eus-energy-insecurity-pm <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Greece can help resolve Europe's energy insecurity with its untapped resources, Prime Minister Antonis Samaras said on Monday.</p> <p>"Greece can play a key role to alleviate ... Europe's energy insecurity," Samaras told an international energy conference in Athens.</p> <p>"There is the potential for very substantial sources in our area," he added.</p> <p>The cash-strapped Greek state hopes to draw several billion euros (dollars) over the next 15 years from hydrocarbon caches which it believes lie in the Ionian Sea and near Crete.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130225/greece-can-help-solve-eus-energy-insecurity-pm" target="_blank">read more</a></p> Energy in Europe Energy in Italy Europe AFP Mon, 25 Feb 2013 16:45:47 +0000 Agence France-Presse 5766147 at http://www.globalpost.com Second leak at North Sea oil platform forces evacuation http://www.globalpost.com/dispatch/news/afp/130302/second-leak-at-north-sea-oil-platform-forces-evacuation <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>An oil leak at a North Sea platform caused it to be partially evacuated on Saturday, its Middle East operator said, the second such incident at the installation in less than two months.</p> <p>The Alpha Cormorant platform and the pipeline system it services were shut down as a precaution, operator Abu Dhabi National Energy Company (TAQA) said in a statement.</p> <p>The company said it had evacuated 71 of its 145 non-essential staff from the platform, situated 160 kilometres (100 miles) northeast of Lerwick on the Shetland Islands north of Britain, and that everyone was safe and well.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130302/second-leak-at-north-sea-oil-platform-forces-evacuation" target="_blank">read more</a></p> Energy in Europe Energy in the United Arab Emirates oil TAQA AFP Sat, 02 Mar 2013 22:30:13 +0000 Agence France-Presse 5771876 at http://www.globalpost.com Brent oil system operator still studying whether safe to reopen http://www.globalpost.com/dispatch/news/thomson-reuters/130305/brent-oil-system-operator-still-studying-whether-safe-reopen <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>DUBAI, March 5 (Reuters) - The operator of the Brent pipeline said it was still studying whether it would be safe to reopen the oil link in the UK North Sea after a leak at a platform forced a shutdown on Saturday as a precaution.</p> <p>"Before we re-open the Brent pipeline system, we have a series of internal safety checks to go through," a spokeswoman for the Abu Dhabi National Energy Co's (TAQA) UK business said on Tuesday.</p> <p>"It will only be reopened when we are entirely satisfied that is it safe to do so."</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130305/brent-oil-system-operator-still-studying-whether-safe-reopen" target="_blank">read more</a></p> Energy in Europe oil Petroleum Soft matter Technology Thomson Reuters Tue, 05 Mar 2013 10:15:36 +0000 Thomson Reuters 5773670 at http://www.globalpost.com British gas prices slump as Qatar, Trinidad imports eases reserves worry http://www.globalpost.com/dispatch/news/thomson-reuters/130322/britains-gas-price-soars-record-pipeline-closure <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>LONDON (Reuters) - British wholesale gas prices fell by up to 20 percent on Monday, undermined by major gas shipments due from Qatar and Trinidad to help replenish stored gas reserves depleted by weeks of abnormally cold weather.</p> <p>The price of gas for weekend delivery fell about 20 percent to 84 pence per therm, while the day-ahead gas contract slumped to 93.50 pence, a drop of around 11 percent.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130322/britains-gas-price-soars-record-pipeline-closure" target="_blank">read more</a></p> E.ON Energy Energy in Belgium Energy in Europe Eni Fuel gas Liquefied natural gas Natural gas Politics United Kingdom Thomson Reuters Fri, 22 Mar 2013 09:00:39 +0000 Thomson Reuters 5790757 at http://www.globalpost.com Gazprom, Gasunie to explore Nord Stream expansion to Britain http://www.globalpost.com/dispatch/news/thomson-reuters/130408/gazprom-gasunie-explore-nord-stream-expansion-britain <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Alexei Anishchuk</p> <p>AMSTERDAM (Reuters) - Russia's Gazprom &lt;GAZP.MM&gt; and Dutch Gasunie &lt;GSUNI.UL&gt; signed a letter of intent on Monday to explore the potential expansion of the Nord Stream pipeline to Britain, one of several deals signed during President Vladimir Putin's visit to the Netherlands.</p> <p>If the project comes through, the extended arm of Nord Stream would give Gazprom greater access to Britain, which has an annual demand of 100 billion cubic metres (bcm).</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130408/gazprom-gasunie-explore-nord-stream-expansion-britain" target="_blank">read more</a></p> E.ON Energy Energy in Europe Politics Thomson Reuters Mon, 08 Apr 2013 18:45:35 +0000 Thomson Reuters 5805845 at http://www.globalpost.com Greek parliament ratifies intergovernmental agreement on TAP http://www.globalpost.com/dispatch/news/asianet/130411/greek-parliament-ratifies-intergovernmental-agreement-tap <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Nijat Mustafayev; The Greek Parliament ratified the Intergovernmental Agreement (IGA) between Albania, Italy and Greece on the construction and operation of the Trans Adriatic Pipeline (TAP) project, APA-Economics reports.</p><P>The IGA between the three countries, which was signed in Athens on February 13, confirms the host countries' support for TAP and their cooperation for the project's timely implementation, TAP reported.</p><P>Note that, TAP will transport gas from the Caspian region via Greece and Albania and across the Adriatic Sea to southern Italy and further into Western Europe.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130411/greek-parliament-ratifies-intergovernmental-agreement-tap" target="_blank">read more</a></p> Business Energy in Europe Energy in Greece Europe Asianet Thu, 11 Apr 2013 20:04:42 +0000 Asianet 5812324 at http://www.globalpost.com RWE sells Nabucco pipeline stake to OMV http://www.globalpost.com/dispatch/news/afp/130414/rwe-sells-nabucco-pipeline-stake-omv <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German utilities giant RWE has sold its 17 percent stake in Europe's troubled Nabucco gas pipeline project to OMV for an undisclosed sum, the Austrian oil and gas group said Sunday.</p> <p>The two companies had said in December that they were in talks, and in February OMV's chief executive Gerhard Roiss said that the Austrian company would acquire the stake. </p> <p>An OMV spokesman confirmed the acquisition to AFP on Sunday, without giving any financial details.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130414/rwe-sells-nabucco-pipeline-stake-omv" target="_blank">read more</a></p> Business Energy Energy in Europe Infrastructure AFP Sun, 14 Apr 2013 12:00:22 +0000 Agence France-Presse 5815247 at http://www.globalpost.com RWE sells Nabucco pipeline stake to OMV http://www.globalpost.com/dispatch/news/afp/130414/rwe-sells-nabucco-pipeline-stake-omv-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German utilities giant RWE has sold its 17 percent stake in Europe's troubled Nabucco gas pipeline project to OMV for an undisclosed sum, the Austrian oil and gas group said Sunday.</p> <p>The two companies had said in December that they were in talks, and in February OMV's chief executive Gerhard Roiss said that the Austrian company would acquire the stake. </p> <p>An OMV spokesman confirmed the acquisition to AFP on Sunday, without providing any financial details. RWE also confirmed the deal, saying the transaction was completed in March.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130414/rwe-sells-nabucco-pipeline-stake-omv-0" target="_blank">read more</a></p> Business Energy Energy in Europe Infrastructure AFP Sun, 14 Apr 2013 13:15:39 +0000 Agence France-Presse 5815281 at http://www.globalpost.com OMV buys RWE stake in Nabucco gas pipeline project http://www.globalpost.com/dispatch/news/asianet/130415/omv-buys-rwe-stake-nabucco-gas-pipeline-project <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> Victoria Dementieva; Austrian energy group OMV has bought German utility RWE's nearly 17 percent stake in the Nabucco pipeline project that aims to bring Caspian gas to Europe, OMV said on Sunday, APA-Economics reports quoting Reuters.</p><P>An OMV spokesman confirmed media reports about the sale but gave no financial details.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130415/omv-buys-rwe-stake-nabucco-gas-pipeline-project" target="_blank">read more</a></p> Business Energy Energy in Europe Infrastructure Asianet Mon, 15 Apr 2013 20:33:20 +0000 Asianet 5816657 at http://www.globalpost.com EU must avoid TAP versus Nabucco squabble - energy chief http://www.globalpost.com/dispatch/news/thomson-reuters/130418/eu-must-avoid-tap-versus-nabucco-squabble-energy-chief <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Barbara Lewis and Justyna Pawlak</p> <p>BRUSSELS (Reuters) - EU ministers must avoid fruitless debate over which of two rival pipeline projects is the way to cut reliance on Russian gas and both pipelines could be built one day, EU Energy Commissioner Guenther Oettinger said in a letter seen by Reuters.</p> <p>The EU executive is anxious to present a united front, while dominant supplier Russia attempts a divide-and-rule strategy by negotiating gas supplies with individual EU member states with conflicting interests.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130418/eu-must-avoid-tap-versus-nabucco-squabble-energy-chief" target="_blank">read more</a></p> Business Energy Energy in Europe Europe Law Thomson Reuters Thu, 18 Apr 2013 14:00:03 +0000 Thomson Reuters 5819331 at http://www.globalpost.com Norway's Statoil gives Noble Corp contract worth $655 million to drill in Mariner field http://www.globalpost.com/dispatch/news/the-canadian-press/130514/norways-statoil-gives-noble-corp-contract-worth-655-million- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>OSLO - Statoil says it has given Noble Corp. the contract to drill the Mariner oil field in a deal estimated at $655 million over four years.</p> <p>The Norwegian energy company says a new type of rig will enable it to operate at depths of 70 to 150 metres (230-500 feet) and drill wells down to 10,000 metres (32,000 feet).</p> <p>The announcement was made Tuesday on behalf of Statoil's partners in the field — JX Nippon Exploration and Production (U.K.) Ltd. and Cairn Energy PLC.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130514/norways-statoil-gives-noble-corp-contract-worth-655-million-" target="_blank">read more</a></p> Energy in Europe Norsk Hydro Statoil Technology The Canadian Press Tue, 14 May 2013 14:45:20 +0000 The Canadian Press 5837513 at http://www.globalpost.com Azeri gas consortium rejects Nabucco pipeline http://www.globalpost.com/dispatch/news/afp/130626/azeri-gas-consortium-rejects-nabucco-pipeline <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The consortium developing an immense new Azeri gas field has rejected the proposed Nabucco West pipeline to bring the gas to Europe, Austria's OMV said on Wednesday.</p> <p>"The Shah Deniz II consortium informed OMV, as a shareholder of Nabucco .. about the decision on their preferred gas transportation route to Europe. The Nabucco West project was not selected by the consortium," the Austrian oil and gas firm said in a statement.</p> <p>stu/hd</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> Business Caspian Sea Energy Energy in Europe AFP Wed, 26 Jun 2013 12:01:34 +0000 Agence France-Presse 5867938 at http://www.globalpost.com Azeri gas consortium rejects Nabucco pipeline http://www.globalpost.com/dispatch/news/afp/130626/azeri-gas-consortium-rejects-nabucco-pipeline-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The consortium developing an immense new Azeri gas field has rejected the proposed Nabucco West pipeline to bring the gas to Europe, Austria's OMV said on Wednesday.</p> <p>The announcement appears to mean that the consortium, comprising Britain's BP, Azerbaijan's SOCAR, Norway's Statoil and France's Total, has chosen the rival Trans-Adriatic Pipeline (TAP).</p> <p>The route taken by TAP is shorter and cheaper than the Nabucco West proposal.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130626/azeri-gas-consortium-rejects-nabucco-pipeline-0" target="_blank">read more</a></p> Business Caspian Sea Energy Energy in Europe AFP Wed, 26 Jun 2013 23:03:51 +0000 Agence France-Presse 5868650 at http://www.globalpost.com