Connection

popular articles

Siemens Energy Reduces Losses and Improves Financial Outlook
United States: SoHyCal project wins award for hydrogen breakthroughs
Oklo reaches key agreement with DOE for its modular reactor in Idaho
Astronergy delivers 1 GW of solar modules for projects in Algeria
G20 adopts energy innovation guide for emerging economies

Aker BP plans to increase gas exports

Norway's Aker BP wants to increase gas exports from its Skarv field to take advantage of its high price.

Please share:

Aker BP owns the Skarv oil field, which alone produces 22 million cubic meters per day of gas.
However, only half is destined for export.
The company uses the gas produced to boost oil production by injecting it into wells to increase pressure.
To this end, Karl Johnny Hersvik, Managing Director of Aker BP, recently stated:

“There are a few opportunities we are looking at, including gas exports versus injection into the Skarv field”.

Karl Johnny Hersvik explains that his choice to favor gas exports is directly linked to its price.

Aker BP is following the Norwegian lead, which favors gas for a European market in turmoil.

Every day, Norway exports 334 million cubic meters of gas to Europe, according to Gassco.
It provides 22% of Europe’s natural gas supply.
This puts the country in second place after Russia on the European market.
However, with current tensions, Europe is finding it difficult to import Russian gas.
This situation creates opportunities for Norwegian companies like Aker BP.
Before it, Equinor, Norway’s leading energy company, made the identical choice of gas over oil.
Like Aker BP, it prefers to reduce gas injections into its Heidrun and Gina Krog fields in favor of export.

Register free of charge for uninterrupted access.

Publicite

Latest news

Boralex strengthens its strategy in the UK with the acquisition of the Sallachy wind project
Orano Launches Tricastin Extension to Increase Uranium Enrichment
France: CGT of GRDF Criticizes the Extension to 100 Years of Gas Pipelines
TotalEnergies: Oil Peak Between 2030 and 2040, Says Patrick Pouyanné
Iberdrola to Double UK Energy Investment to GBP24 Billion

Recently published in

France: CGT of GRDF Criticizes the Extension to 100 Years of Gas Pipelines

The CGT of GRDF denounces the extension of the lifespan of gas pipelines from 45 to 100 years, highlighting security risks and controversial economic motivations.
Iberdrola to Double UK Energy Investment to GBP24 Billion
Iberdrola to Double UK Energy Investment to GBP24 Billion
Iberdrola to Double UK Energy Investment to GBP24 Billion
Iberdrola to Double UK Energy Investment to GBP24 Billion
Gulf Energy Considers JKM-Linked LNG Contract with 20-30 cents/MMBtu Discount
Thailand’s Gulf Energy is considering a contract for seven LNG cargoes per year for 2025-2026. Current offers are linked to JKM with a spread of 20-30 cents/MMBtu, in line with other similar Thai contracts.
Gulf Energy Considers JKM-Linked LNG Contract with 20-30 cents/MMBtu Discount
Thailand’s Gulf Energy is considering a contract for seven LNG cargoes per year for 2025-2026. Current offers are linked to JKM with a spread of 20-30 cents/MMBtu, in line with other similar Thai contracts.
Russia: the GTD-110M inaugurates a new era for technological independence
Russia has unveiled its first domestic gas turbine, the GTD-110M, at the Udarnaya power plant. This development, intended to replace Western technologies, marks a crucial step towards its energy independence.
Russia: the GTD-110M inaugurates a new era for technological independence
Russia has unveiled its first domestic gas turbine, the GTD-110M, at the Udarnaya power plant. This development, intended to replace Western technologies, marks a crucial step towards its energy independence.

The NOC of Libya Restores Oil Production to 1.22 Million Barrels per Day Amid Political Tensions

Libya's National Oil Corporation (NOC) has restored its oil production to 1.22 million barrels per day (bpd) after disruptions caused by internal conflicts. This recovery marks a temporary stabilization, but the political context remains unstable.
Breakup of Gas Transit via Ukraine: Stakes and Consequences for Europe and Russia
The expiration of the gas transit agreement between Russia and Ukraine highlights the energy and economic challenges for the European Union, Russia, and Ukraine, exacerbating Europe's dependence on Russian gas and geopolitical tensions.
Breakup of Gas Transit via Ukraine: Stakes and Consequences for Europe and Russia
The expiration of the gas transit agreement between Russia and Ukraine highlights the energy and economic challenges for the European Union, Russia, and Ukraine, exacerbating Europe's dependence on Russian gas and geopolitical tensions.
MiQ Certifies the Grain LNG Terminal, Enhancing Emission Transparency for American Exporters
MiQ announced the certification of the Grain LNG terminal in the United Kingdom, Europe's largest, thereby providing increased transparency on emissions for American exporters targeting European buyers.
MiQ Certifies the Grain LNG Terminal, Enhancing Emission Transparency for American Exporters
MiQ announced the certification of the Grain LNG terminal in the United Kingdom, Europe's largest, thereby providing increased transparency on emissions for American exporters targeting European buyers.
Moscow Refuses to Replace Gas Transit via Ukraine with Azerbaijan
Moscow has confirmed that no negotiations are underway with Baku to use Russian infrastructure to transport Azerbaijani gas to Europe, thus replacing Russian gas transiting through Ukraine.
Moscow Refuses to Replace Gas Transit via Ukraine with Azerbaijan
Moscow has confirmed that no negotiations are underway with Baku to use Russian infrastructure to transport Azerbaijani gas to Europe, thus replacing Russian gas transiting through Ukraine.

ADNOC Gas Cancels Das Island Expansion Project

ADNOC Gas has suspended the expansion project of Das Island LNG, redirecting its investments towards other strategic initiatives. This decision comes as part of its strategy to increase production capacity and meet the growing global LNG demand.
Russian Gas Flows via Ukraine in September Reach 1.26 Billion m³, According to AGPU
Russian gas deliveries via Ukraine reached 1.26 billion cubic meters in September, representing 39% of the contractual volume. The transit agreement between Russia and Ukraine will expire at the end of the year, raising concerns about European supply.
Russian Gas Flows via Ukraine in September Reach 1.26 Billion m³, According to AGPU
Russian gas deliveries via Ukraine reached 1.26 billion cubic meters in September, representing 39% of the contractual volume. The transit agreement between Russia and Ukraine will expire at the end of the year, raising concerns about European supply.
The demand for natural gas in the United States reaches a new peak in 2024, despite decarbonization ambitions
Natural gas consumption in the United States increased by nearly 5% over the first nine months of 2024, despite federal initiatives to promote renewable energy, reinforcing the country's key role in the global energy sector.
The demand for natural gas in the United States reaches a new peak in 2024, despite decarbonization ambitions
Natural gas consumption in the United States increased by nearly 5% over the first nine months of 2024, despite federal initiatives to promote renewable energy, reinforcing the country's key role in the global energy sector.
Increase in Offshore Project Costs at Equinor, Aker BP and Vår Energi
Norwegian energy companies Equinor, Aker BP and Vår Energi see their offshore oil and gas projects undergo significant cost increases, mainly due to inflation, delays and currency fluctuations.
Increase in Offshore Project Costs at Equinor, Aker BP and Vår Energi
Norwegian energy companies Equinor, Aker BP and Vår Energi see their offshore oil and gas projects undergo significant cost increases, mainly due to inflation, delays and currency fluctuations.

Europe strengthens its winter gas preparedness despite the Ukraine-Russia agreement

Europe makes significant progress in securing its gas supplies for winter, even with the imminent end of the gas transit agreement between Ukraine and Russia.
Japan, South Korea, and Italy: Towards Strategic Cooperation in the LNG Market
Japan, South Korea, and Italy are strengthening their cooperation in the LNG sector, with key partnerships to secure supplies and optimize costs.
Japan, South Korea, and Italy: Towards Strategic Cooperation in the LNG Market
Japan, South Korea, and Italy are strengthening their cooperation in the LNG sector, with key partnerships to secure supplies and optimize costs.
Massive Gas Discovery in Colombia: A Turning Point for Energy Reserves
The discovery of a vast natural gas deposit in the Colombian Caribbean could double the country's energy reserves, according to Ecopetrol and Petrobras.
Massive Gas Discovery in Colombia: A Turning Point for Energy Reserves
The discovery of a vast natural gas deposit in the Colombian Caribbean could double the country's energy reserves, according to Ecopetrol and Petrobras.
Global Gas Balance Remains Fragile Amid Limited LNG Growth IEA
The global gas balance remains precarious in 2024, with modest LNG production growth despite record demand. Geopolitical tensions sustain price volatility in European and Asian markets.
Global Gas Balance Remains Fragile Amid Limited LNG Growth IEA
The global gas balance remains precarious in 2024, with modest LNG production growth despite record demand. Geopolitical tensions sustain price volatility in European and Asian markets.

McDermott Secures EPCI Contract from QatarEnergy LNG for the North Field South Project

McDermott has signed an engineering, procurement, construction, and installation (EPCI) contract with QatarEnergy LNG for the North Field South project, thereby strengthening its presence in Qatar's energy sector.
Electricity prices rise in the US West as record-breaking heat wave prompts advisories
Wholesale electricity prices in the western United States are rising due to an unprecedented heat wave, leading to record-breaking demand forecasts and weather advisories in Southern California and the Southwest.
Electricity prices rise in the US West as record-breaking heat wave prompts advisories
Wholesale electricity prices in the western United States are rising due to an unprecedented heat wave, leading to record-breaking demand forecasts and weather advisories in Southern California and the Southwest.
The Alexandroupolis LNG Terminal Redefines Energy Security in Europe
The new Alexandroupolis LNG terminal in Greece strengthens energy diversification in Eastern Europe, thereby reducing regional dependence on Russian gas and increasing supply security.
The Alexandroupolis LNG Terminal Redefines Energy Security in Europe
The new Alexandroupolis LNG terminal in Greece strengthens energy diversification in Eastern Europe, thereby reducing regional dependence on Russian gas and increasing supply security.
Monumental Energy Supports the Drilling of the Tariki-5 Gas Well in New Zealand
New Zealand Energy Corp. has started drilling the Tariki-5 well in partnership with L&M Energy. Monumental Energy, a shareholder in the company, is closely monitoring this new step aimed at boosting gas production in the Taranaki region.
Monumental Energy Supports the Drilling of the Tariki-5 Gas Well in New Zealand
New Zealand Energy Corp. has started drilling the Tariki-5 well in partnership with L&M Energy. Monumental Energy, a shareholder in the company, is closely monitoring this new step aimed at boosting gas production in the Taranaki region.

India Excludes Arctic LNG 2: Consequences for the Asian Energy Market

India has decided not to purchase gas from the Arctic LNG 2 project due to sanctions. This decision further isolates Russia from major Asian markets and could redefine LNG flows in the region.
U.S. Natural Gas Prices Hit 14-Week High Following Hurricane Helene’s Disruption
Hurricane Helene disrupted gas production in the Gulf of Mexico, leading to a 5% rise in U.S. natural gas prices and affecting key energy infrastructures across the U.S. Southeast.
U.S. Natural Gas Prices Hit 14-Week High Following Hurricane Helene’s Disruption
Hurricane Helene disrupted gas production in the Gulf of Mexico, leading to a 5% rise in U.S. natural gas prices and affecting key energy infrastructures across the U.S. Southeast.
TotalEnergies Increases its Gas Assets in the Eagle Ford Basin
TotalEnergies continues its strategy of growth in the liquefied natural gas sector by acquiring a 45% stake in Lewis Energy Group’s assets located in the Eagle Ford Basin, Texas. This acquisition is part of a series of recent moves aimed at strengthening its position in the U.S. market, already supported by its presence in the Cameron LNG liquefaction plant in Louisiana. By targeting the Eagle Ford Basin, the group gains access to an existing dry gas production, allowing it to optimize its LNG export capabilities.
TotalEnergies Increases its Gas Assets in the Eagle Ford Basin
TotalEnergies continues its strategy of growth in the liquefied natural gas sector by acquiring a 45% stake in Lewis Energy Group’s assets located in the Eagle Ford Basin, Texas. This acquisition is part of a series of recent moves aimed at strengthening its position in the U.S. market, already supported by its presence in the Cameron LNG liquefaction plant in Louisiana. By targeting the Eagle Ford Basin, the group gains access to an existing dry gas production, allowing it to optimize its LNG export capabilities.
US Regulators Support Venture Global LNG Despite Disputes Over LNG Deliveries
Venture Global LNG reçoit le soutien de la Federal Energy Regulatory Commission (FERC) concernant des accusations de non-respect de ses engagements de livraison de gaz naturel liquéfié (GNL), malgré des différends contractuels en cours avec des entreprises comme Shell et BP.
US Regulators Support Venture Global LNG Despite Disputes Over LNG Deliveries
Venture Global LNG reçoit le soutien de la Federal Energy Regulatory Commission (FERC) concernant des accusations de non-respect de ses engagements de livraison de gaz naturel liquéfié (GNL), malgré des différends contractuels en cours avec des entreprises comme Shell et BP.

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS