HazardEx - Industry News

Finland announces first floating LNG terminal to strength energy security

13 June 2022

Finnish gas system operator Gasgrid and state-owned energy company Fortum announced they have signed a Letter of Intent to place Finland’s first floating LNG terminal vessel Exemplar at the Baltic Sea port of Inkoo....
Explosion at US LNG terminal adds to global supply strain

13 June 2022

An explosion at a liquefied natural gas (LNG) plant in the city of Freeport, Texas raised fears of a shortage in supply of gas on June 8. Freeport LNG said its plant would be closed for three weeks as a result of the blast at a time when there is already a global strain on LNG supplies....
Four Austrians sentenced in relation to fatal 2017 gas plant explosion

07 June 2022

Four men have been given 10-month suspended sentences after they were found guilty of negligence in relation to an explosion at the Baumgarten an der March natural gas transfer station in Austria which killed one person and inured 17 others in December 2017....
EU agrees compromise deal on Russian oil import ban

31 May 2022

European Union leaders announced a compromise deal on May 31 that will see the majority of Russian oil imports banned in response to the invasion of Ukraine. European Commission President Ursula von der Leyen said that the EU will now be able to finalise a ban on almost 90% of all Russian oil imports by the end of the year....
Shell to go ahead with £1.4 billion gas field development off Australia

30 May 2022

Shell Australia announced on May 30 that it has taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. The project will be developed with Shell’s joint venture partner SGH Energy and will reportedly cost around $2.5 billion (£1.4bn)....

BP and Equinor awarded carbon storage licences 24 May 2022

The North Sea Transition Authority (NSTA) has awarded two carbon storage (CS) licences in the North Sea to BP and Equinor with an appraisal term of eight years. The four separate storage sites are located around 43 miles (70km) off the coast of Humberside. Elsewhere, BP has also announced plans for a major carbon capture and storage project in the US to enable low carbon hydrogen production at facilities operated by chemical company Linde....

Russia halts gas supplies to Finland 24 May 2022

Finland has become the latest European country to have its natural gas supplies from Russia halted as a result of the ongoing payment dispute between Western countries and Russia. Natural gas imports via Imatra, the entry point for natural gas imports from Russia into Finland, were halted on May 21....

Equinor ordered to correct several regulation breaches on offshore platform 23 May 2022

The Petroleum Safety Authority Norway (PSA) has identified breaches of regulations following the completion of its investigation into an incident involving the discovery of cracks in the outer shell of second-stage gas coolers on Equinor’s Troll C offshore platform in October 2021. The PSA has given Equinor an order to correct six breaches of its regulations....

Refinery explosion kills one, injures nine in South Korea 20 May 2022

An explosion at a refinery owned by S-Oil Corp., one of South Korea’s largest refiners, killed one person and injured nine others on May 19. The incident happened in the southeastern city of Ulsan while crude oil was being processed into petroleum, fire officials said....

CNOOC signs contract to manufacture 12 LNG carriers 19 May 2022

China National Offshore Oil Company (CNOOC) has signed contracts for the construction of 12 liquefied natural gas (LNG) carriers worth 16 billion yuan (£1.9bn) – the largest investment in LNG ship construction ever in China....