Cypriot gas drilling due to start within 24 months 

Cypriot gas drilling due to start within 24 months 

Cyprus’ energy minister Giorgos Lakkotrypis says oil and gas majors will drill off the island’s southern coast at eight separate maritime blocks over the next two years. The minister said exploratory drilling would take place by early next year at six blocks while the remaining two operations would be to confirm gas deposits already found […]

By Energy Reporters |
Turkey complies with US sanctions on Iran 

Turkey complies with US sanctions on Iran 

Turkey has reportedly stopped buying Iranian oil following the US decision to end sanctions waivers, despite condemning Washington’s decision.  Refinitiv tracking data said no tankers loaded in Iran had arrived at Turkish ports so far this month. Turkey began reducing its Iranian imports in March, Reuters reported.  Four days after the Iranian waiver ended, a […]

By Energy Reporters |
Gas Industry Must Prioritize Decarbonization to Retain European Market

Gas Industry Must Prioritize Decarbonization to Retain European Market

Gas has grown prolifically in Europe over the past three decades. It past coal in 1996 and could pass oil in the early 2020s as Europe’s top energy source. But to remain Europe’s dominant source, it needs to prioritize decarbonization. In early 2017, the Oxford Institute for Energy Studies’ Jonathan Stern began shining light on […]

By John Bowlus |
BP boss calls for energy transition

BP boss calls for energy transition

BP’s chairman Helge Lund says the world’s energy consumption is “unsustainable” and that the days of chasing after fossil fuels are coming to an end. He said BP was aware of the need to adapt its business for a lower-carbon future. Climate campaigners from Friends of the Earth Scotland and other groups protested outside BP’s […]

By Energy Reporters |
Experts
Production
Cypriot gas drilling due to start within 24 months 

Cypriot gas drilling due to start within 24 months 

Cyprus’ energy minister Giorgos Lakkotrypis says oil and gas majors will drill off the island’s southern coast at eight separate maritime blocks over the next two years. The minister said exploratory drilling would take place by early next year at six blocks while the remaining two operations would be to confirm gas deposits already found […]

By |
Transmission
Nord Steam 2 blames Denmark for possible six-month delay

Nord Steam 2 blames Denmark for possible six-month delay

Gazprom’s Nord Stream 2 pipeline to Germany may be delayed by at least six months if Denmark forces it to take an alternative route. The pipeline consortium said it faced a Danish request to consider a new route, pushing back a potential completion date to the second half of 2020. Nord Stream 2’s report was […]

By |
Storage
Project aims to sell hydrogen batteries by 2020

Project aims to sell hydrogen batteries by 2020

The University of New South Wales in Sydney and H2Store have received funding to test a new hydrogen battery which researchers say could outperform lithium-ion batteries. Professor Kondo-Francois Aguey-Zinsou of the School of Chemical Engineering said the design would offer cheap storage and transport of hydrogen within the next two years. Aguey-Zinsou said his invention […]

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Consumption
Russia set to reveal cost of oil pipeline blunder 

Russia set to reveal cost of oil pipeline blunder 

A joint commission of Russian and Belarusian representatives will start to reveal the losses from the contaminated Druzhba oil pipeline tomorrow (Monday), Russia’s Deputy Prime Minister Dmitry Kozak told the state media.  The working group examining the issue included representatives of Belarusian oil and chemical firm Belneftekhim and Russia’s Ministry of Energy, Kozak said, according […]

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Policy
Turkey complies with US sanctions on Iran 

Turkey complies with US sanctions on Iran 

Turkey has reportedly stopped buying Iranian oil following the US decision to end sanctions waivers, despite condemning Washington’s decision.  Refinitiv tracking data said no tankers loaded in Iran had arrived at Turkish ports so far this month. Turkey began reducing its Iranian imports in March, Reuters reported.  Four days after the Iranian waiver ended, a […]

By |
Environment
Greenpeace blocks off BP HQ

Greenpeace blocks off BP HQ

Greenpeace activists have “shut down” BP’s London headquarters and say they plan to blockade it for at least a week. The environmentalists set out a list of demands after a team descended on St James’ Square this morning (Monday) at 3am. Activists locked themselves in five sealed, metal containers, each weighing several tonnes, that were […]

By |
Industry
Gas Industry Must Prioritize Decarbonization to Retain European Market

Gas Industry Must Prioritize Decarbonization to Retain European Market

Gas has grown prolifically in Europe over the past three decades. It past coal in 1996 and could pass oil in the early 2020s as Europe’s top energy source. But to remain Europe’s dominant source, it needs to prioritize decarbonization. In early 2017, the Oxford Institute for Energy Studies’ Jonathan Stern began shining light on […]

By |

Opinion

Gas Industry Must Prioritize Decarbonization to Retain European Market

Industry

Gas has grown prolifically in Europe over the past three decades. It past coal in 1996 and could pass oil in the early 2020s as Europe’s top energy source. But to remain Europe’s dominant source, it needs to prioritize decarbonization. In early 2017, the Oxford Institute for Energy Studies’ Jonathan Stern began shining light on […]

By |

The Libyan Oil Era is Over

Opinion

For decades, Libyan oil has been a linchpin of European oil-supply security. In 2011, the British and French even went to war partly for this reason. Conventionally speaking, the ongoing Libyan civil war imperils this supply channel. In a recent OilPrice piece, Nick Cunningham argued amidst last week’s fall in oil prices: “markets are overlooking […]

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