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Planned shutdown work in Heide

Planned maintenance work will take place at the Heide refinery for a month from the end of February. The production facilities affected by the TÜV inspections will be shut down for this purpose, and oil processing will ...

Gas import price rushes from record to record

There is nothing surprising about the preliminary data from the German Federal Office of Economics and Export Control (BAFA) on German natural gas import volumes and prices. The gas import price reached a new high for another month in a row in December. Compared with November, it rose by another 1,886 € – and thus by 20.5% – to 14,791 € per TJ (equivalent to around 5.32 cents per kWh). Compared to December 2020 ...

Saudi Arabia announces increase in oil and gas production capacity

At the opening of the International Petroleum Technology Conference (IPTC) 2022, which will be held in Riyadh from February 20-23, the Saudi energy minister announced a continuation of investment in oil and gas production - coupled with an increase in production capacity ...

Russia remains most important oil supplier, USA catching up

In view of the current conflict between Russia and Ukraine, the crude oil import data of the German Federal Office of Economics and Export Control (BAFA) recently attracted particular attention. This is because they prove Russia's role as the most important oil supplier ...

OMV commissions PV plant at Lobau tank farm

OMV has installed a photovoltaic system at its Lobau tank farm site in eastern Austria, where the oil, gas and chemicals company stores around 1.63 million cubic meters of crude oils, petroleum products and additives  ...

bp refinery in Lingen starts kerosene production from waste cooking oil

Since mid-February, the oil and gas group bp has been producing sustainable aviation fuel - SAF for short - from used cooking oil in a so-called co-processing process at its refinery in Lingen for the first time. The plant is said to be the first industrial production nationwide ...

Can’t or won’t OPEC meet its production targets?

The White House sent two staffers to Saudi Arabia in mid-February to urge the kingdom to produce more oil. The background is fears that energy prices could rise further in the event of a Russian invasion of Ukraine. President Joe Biden had warned of such a price increase scenario...

IEA Gas Market Report Q1 2022 - China for the first time the world's largest LNG importer

According to the latest gas market report from the International Energy Agency (IEA), supply in international markets in 2021 failed to keep pace with the 4.6 percent increase in global demand for natural gas compared to 2020. This has led to shortages ...

Profit jump ensures record result at OMV

It was a very successful 2021 for Austria's OMV, which ended with a doubling of sales and a striking increase in profits that led to a record result. The oil, gas and chemicals group ...

Expansion of H2 refueling infrastructure progresses

It is the 14th annual evaluation of H2stations.org, a website of Ludwig-Bölkow-Systemtechnik (LBST), and it reports another record. However, the 'record number' is very modest: in 2021, there are ...

U.S. promises EU more LNG supplies.

The U.S. wants to help secure gas supplies to the EU with more LNG if Russia stops or further reduces its gas supplies to the EU. This is according to the conclusions of the US-EU Energy Council, to which EU Energy Commissioner Kadri Simson ...

Weaker utilization of refineries in 2021 compared with the previous year

At 86.9 percent, capacity utilization at oil-processing plants in Germany at the end of the year was significantly higher than the previous year's figure (75.5 percent). This is the result of an evaluation by the en2x Fuels and Energy Business Association. The general market situation at the end of ...

Deep geothermal energy to tap huge heat potentials

Around 56 percent of Germany's energy needs are met by the heating sector. However, only 15 percent of this is based on renewable energy sources. In a joint roadmap, researchers from the Fraunhofer-Gesellschaft and the Helmholtz Association have developed deep geothermal ...

Reallabor IW3: Hamburger Energiewerke start geothermal drilling operations

In Hamburg-Wilhelmsburg, Hamburg Energiewende have started drilling for the planned geothermal energy production. This means that the first work is now underway on the geothermal project, which will be completed by 2024. Then, with a capacity of 10 MW, around 5,000 households in Hamburg-Wilhelmsburg will be supplied with green heat ...