Author: Mark Smedley
Using LNG as shipping fuel is a "game changer"
17 December 2015
Emission controls in European and North American waters mean more shipowners are ordering vessels that run on cleaner LNG, but it may remain a marginal fuel in global shipping without further instruction from the UN’s International Maritime Organisation
Dutch court orders cut to Groningen production
18 November 2015
Giant Dutch swing gas field output to be halved, creating room for more peak winter deliveries from outside the European Union
MOL extends Balkan retail arm following positive Q3
11 November 2015
Hungarian company reports clean third-quarter, current cost of supplies profit before tax, interest, depreciation and amortisation of forints 198.7bn
Shell launches Canadian carbon capture plant Quest
10 November 2015
The company has officially launched its Quest CCS project in Alberta, designed to store more than 1m mt of carbon dioxide annually
Austria's OMV makes €1bn writedown on low oil prices
5 November 2015
Austria's OMV announced €1.031bn ($1.1bn) of upstream impairment charges in its third quarter results
Shell loses $6bn on Q3 writedowns
29 October 2015
Shell has reported a third quarter loss of $6.1bn - net of $8.2bn of upstream writedowns and charges linked to its unsuccessful Arctic drilling
Austrian oil group OMV embarks on restructuring
27 October 2015
The company will divest almost 50% of its gas distribution network as part of the portfolio shake up
DEA expands with $1.6bn Norway deal
15 October 2015
Hamburg-based DEA, said on 14 October it will pay $1.6bn to German utility E.ON for its Norwegian upstream business
Repsol signals $7bn asset sales and cost cuts
15 October 2015
The Spanish company plans to sell off assets by 2020 and cut capital expenditure by 40% in order to reduce debt