Italy’s Saipem wins contracts worth $850M with one to open Turkish gas field and one to decommission UK field
Saipem, the Italian LNG and energy subsea projects developer, has been awarded two contracts worth $850 million, one to open up a Turkish natural gas field in the Black Sea and a second to decommission energy activities in the UK North Sea.
European LNG prices drop again on milder weather and gas storage levels grow on much lower demand
European Union liquefied natural gas prices dropped again as EU storage builds hit their highest level of the season so far as milder weather swept across the continent and gas demand declined along with pipeline gas flows from Norway, while LNG cargo deliveries toNorth Asia were steady.
Shell takes final investment decision to develop UK North Sea Jackdaw gas field to slightly lessen LNG needs
Shell UK has taken the final investment decision to develop the Jackdaw natural gas field in the UK North Sea following regulatory approvals granted earlier in 2022 and the gas volumes when brought on stream will slightly lessen LNG needs.
UK major BP pledges to be oil, gas and LNG player for decades after fears it had caved in to extremists
The Chief Executive of BP said the UK major would continue producing hydrocarbons in the form of oil and natural gas for pipelines and LNG for many decades to come and would benefit from rising oil prices, reducing investor concerns over the past two years that BP was pandering to environmental extremists who had attacked its London headquarters.
