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UK Government to allow North Sea oil and gas exploration in return for carbon emission cuts 30 March 2021

The UK Government announced a deal with the oil and gas industry on March 24 that would allow the continuation of oil and gas exploration in the North Sea as long as oil drillers pass a “climate compatibility” test. The North Sea Transition Deal will see the government help the oil and gas industry cut its carbon emissions through a joint investment of up to £16 billion while supporting up to 40,000 jobs....

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Sinopec announces intention to become China's largest hydrogen energy company 29 March 2021

In 2020, Sinopec announced that it would build China's largest hydrogen energy company. During the "14th Five-Year Plan" period, Sinopec will accelerate the development of new energy business with hydrogen energy as its core, and vigorously promote the rapid development of the entire hydrogen energy industry chain in the two major areas of hydrogen energy transportation and hydrogen-based refining....

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Refinery fire injures five in Indonesia, hundreds evacuated 29 March 2021

An oil refinery fire in West Java, Indonesia on March 29 injured five people and forced the evacuation of hundreds of local people. The blaze at Indonesian state oil company Pertamina’s Balongan refinery burnt through the night and could be seen from several miles away....

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INEOS Energy sells its Norwegian oil and gas business to PGNiG for $615m 26 March 2021

INEOS Energy has announced an agreement with PGNiG Upstream Norway to sell its oil and gas business in Norway in a deal worth $615 million. The deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf....

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UK HSE releases update on setting workplace exposure limits (WELs) following Brexit 26 March 2021

The UK Health & Safety Executive (HSE) has released a bulletin updating companies on the organisation's work on setting workplace exposure limits in Great Britain following the end of the EU transition period....

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UK's Tank Storage Association appoints new President and Vice-President 25 March 2021

Adrian Jackson, Chief Executive of the Oil and Pipelines Agency, has been elected as the new President of the Tank Storage Association, the trade association representing all aspects of the UK’s bulk liquid storage industry and associated logistics. Adrian succeeds Paul Denmead, Director of Terminal Operations UK at World Fuel Services Europe....

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Tianjin builds China's first smart energy town 23 March 2021

On March 16, Tianjin took a lead in building China’s first "ecological livable" and "intensive industrial" smart energy towns, and released the white paper "Tianjin Smart Energy Town". The town will play a major role as a demonstration and in advancing China's carbon peak and carbon neutral goals....

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Gas pipeline explodes in Venezuela, Oil Minister blames “terrorist attack” 23 March 2021

An explosion occurred on part of a gas pipeline in eastern Venezuela on March 20, according to a report from the state oil company Petroleos de Venezuela (PDVSA). The country’s Oil Minister Tareck El Aissami blamed the explosion on a “terrorist attack” but did not provide further details....

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EDF to close its sole remaining coal-fired power station 23 March 2021

EDF has announced that it will close its sole remaining coal-fired power station, West Burton A. The energy company said the station will move into decommissioning by 30 September 2022, two years ahead of the UK Government’s deadline for all UK coal generation to be closed by 2024....

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INEOS Energy to acquire all oil and gas interests from Hess 22 March 2021

INEOS Energy has reached an agreement with Hess to acquire its subsidiary Hess Denmark for $150 million, effective 1 January 2021. INEOS said this is the first deal to be announced following the formation of the new INEOS Energy business, which incorporates INEOS’ Oil and Gas business....

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