Oil & Gas

Nature Energy CEO eyes massive growth under new owner

With oil supermajor Shell as its new owner, Danish Nature Energy is ready to defend its position as market leader when the global potential for thousands upon thousands of biogas plants is realized, says CEO Ole Hvelplund.

Final pieces falling in place for Project Greensand

The pilot phase of Project Greensand will soon be ready to store the first CO2 beneath the North Sea, with vessel Aurora Storm currently berthed in western Denmark being equipped to transport Belgian carbon emissions.

EU's gas cap designed as pacifier

Discussion items are piled high for Thursday’s meeting of EU energy ministers, who will debate EU Commission proposals meant to avoid prices from derailing – but which are deemed nearly impossible to apply.

Equinor is back with billion-euro investment after decision to postpone Wisting

The investment in the Irpa field brings extension for other projects as well despite price increases. But the Norwegian Minister of Petroleum and Energy has not forgotten Equinor’s decision to postpone its investment in Wisting. ”It’s a good thing that the project hasn’t been shelved. I hope to have Wisting on the table in a few years,” says minister.

Russia refuses to sell oil to nations imposing price cap

According to Deputy Prime Minister of Russia Alexander Novak, the nation will not sell crude to nations that will impose a price cap, instead sending oil to ”market-oriented partners”. G7 is expected to announce a price cap tomorrow.

Germany plans EUR 54bn package to contain energy cost surge

Europe’s largest economy, heavily burdened by the ongoing energy crisis and soaring costs, plans a series of interventions worth EUR 54bn to aid commerce and residents struggling to pay bills in the fallout of Russia’s war and weaponization of energy resources.

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