News

  • Why Gas Desperate Europe Is Not Buying LNG

    A record rally in natural gas prices in Europe doesn’t mean it’s become lucrative to send every available molecule to the region.   Even though European prices have more than tripled this year, they are yet to beat rates for the liquefied fuel delivered to Asia, the…

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  • Equinor to pump up gas supply for tight European market

    Norwegian oil and gas giant Equinor and its partners have received permission to increase gas exports from two offshore fields in Norway to supply the tight European market.   Production permits for the Oseberg and Troll fields have each been increased by one billion cubic…

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  • Group of EU Lawmakers Seeks Probe of Gazprom’s Role in Gas Price Surge

    A group of European Parliament lawmakers has asked the European Commission to investigate Gazprom’s role in soaring European gas prices, saying the company’s behaviour had made them suspect market manipulation.   Gas prices in Europe have surged in recent months, helping to drive European electricity costs to multi-year…

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  • UK minister says ‘no immediate concern’ on gas supplies

    There’s “no immediate concern” about fuel supplies running short for consumers in the UK, Conservative MP Alok Sharma said on the 19th September.   Mr Sharma, president of the COP26 climate initiative, also told Sky News that government officials “don’t see any risks going into…

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  • Great Interest in Latest Norway Licence Round

    There has been “great interest” in the Norwegian continental shelf during the country’s latest licensing round, according to Norway’s Ministry of Petroleum and Energy.   Applications from 31 companies were received by the ministry in connection with the announcement of APA (allocation in predefined areas)…

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  • Elixir’s Richcairn well opens new CSG basin in Mongolia

    Elixir Energy Ltd, Adelaide, has uncovered a new coal-bearing subbasin within its 100%-owned Nomgon IX coal seam gas production sharing contract in the South Gobi basin of southern Mongolia.   The Richcairn-1S well was drilled to a depth of 792 metres and encountered 16 metres…

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