• Upstream
  • Pipelines & Transport
  • Downstream
Oil&Gas Advancement
  • Home
  • News
    Groundbreaking new app details every energy resource in the North Sea

    Alliance Takes Tough Stand On New Upstream Oil-Gas Projects

    Saudi Arabia sets its sights on hydrogen export leadership

    Quest For LNG By Europe May Not Be All That Flourishing

    Total-Eni partnership in offshore gas drilling

    Gulf of Mexico Drilling Rights Bids Fetch $263.8 mln To US

    Atlas Petroleum, partners advance Venus oil discovery offshore Equatorial Guinea

    DeepOcean charters offshore support vessel to strengthen customers oil and gas, renewables assets

    DeepOcean charters offshore support vessel to strengthen customers oil and gas, renewables assets

    Carbon+Intel - DNV and energy majors launch JIP to develop low-pressure CO2 transport by ships

    MicroSeismic wins second Department of Energy grant for carbon capture and storage services

    Sempra, ConocoPhillips partner to launch Port Arthur LNG Project in South Texas

    LR green lights Rotoboost's pre-combustion carbon capture system

    LR green lights Rotoboost’s pre-combustion carbon capture system

    German Energy Regulator Does Not Dwarf Tough Road Ahead

    German Energy Regulator Does Not Dwarf Tough Road Ahead

  • Projects
    UN Condemns Energy Giants For Ignoring Science of All Things

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    ABB wins $79m order for Bab onshore project in Abu Dhabi

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    BHP successful in bids for blocks in the offshore Orphan Basin in Eastern Canada

    Operational excellence and safety continue to be a key driver in oil and gas sector

    Gazprom plans to carry forward cost efficient in 2018

    TGS announces new seismic project in the Anadarko basin

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    bp and Oman form strategic partnership to progress significant renewable energy and hydrogen development

    Saudi Arabia’s NEOM hydrogen mega-project cost soars to $8.5 billion

    OERA & ONHYM Reach Agreement to Enhance Offshore Energy Research & Development

    Santos receives major approval for oil and gas development offshore Western Australia

    Eni, Repsol press Maduro for more control to increase oil production from Venezuelan oil fields

    chevron invests in carbon capture and removal technology company, svante

    bp looks to further developments at Tangguh with PSC extension

    Falcon Oil & Gas completes successful drilling operations in Australia

    N’GENIUS solution on the horizon for oil, gas and LNG industry

    QatarEnergy, GE to develop carbon capture roadmap

    QatarEnergy, GE to develop carbon capture roadmap

    Equinor Energy

    Transocean secures offshore drilling rig contract from Wintershall and OMV

  • Market Reports
    CNOOC Limited Announces Caofeidian 11-1/11-6 Oilfield Comprehensive Adjustment Project Commences Production

    Vital Energy acquires oil production assets in Permian basin for $128 million

    INPEX sells Eagle Ford tight oil production and development assets to Repsol

    Matador Resources acquires Delaware basin assets for $1.6 billion

    Funding For Oil And Gas Industry Is Evolving Dramatically

    Marathon Oil Completes Eagle Ford Acquisition

    Neptune Energy producing natural gas from Merakes project in Indonesia

    Fresh Gas Supply Need Is Created By Australian Energy Crisis

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Aramco announces second quarter and half-year 2021 results

    Aramco announces second quarter and half-year 2021 results

    Empire Petroleum buys US oil and gas assets from ExxonMobil

    Empire Petroleum buys US oil and gas assets from ExxonMobil

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News
    Groundbreaking new app details every energy resource in the North Sea

    Alliance Takes Tough Stand On New Upstream Oil-Gas Projects

    Saudi Arabia sets its sights on hydrogen export leadership

    Quest For LNG By Europe May Not Be All That Flourishing

    Total-Eni partnership in offshore gas drilling

    Gulf of Mexico Drilling Rights Bids Fetch $263.8 mln To US

    Atlas Petroleum, partners advance Venus oil discovery offshore Equatorial Guinea

    DeepOcean charters offshore support vessel to strengthen customers oil and gas, renewables assets

    DeepOcean charters offshore support vessel to strengthen customers oil and gas, renewables assets

    Carbon+Intel - DNV and energy majors launch JIP to develop low-pressure CO2 transport by ships

    MicroSeismic wins second Department of Energy grant for carbon capture and storage services

    Sempra, ConocoPhillips partner to launch Port Arthur LNG Project in South Texas

    LR green lights Rotoboost's pre-combustion carbon capture system

    LR green lights Rotoboost’s pre-combustion carbon capture system

    German Energy Regulator Does Not Dwarf Tough Road Ahead

    German Energy Regulator Does Not Dwarf Tough Road Ahead

  • Projects
    UN Condemns Energy Giants For Ignoring Science of All Things

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    ABB wins $79m order for Bab onshore project in Abu Dhabi

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    BHP successful in bids for blocks in the offshore Orphan Basin in Eastern Canada

    Operational excellence and safety continue to be a key driver in oil and gas sector

    Gazprom plans to carry forward cost efficient in 2018

    TGS announces new seismic project in the Anadarko basin

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    bp and Oman form strategic partnership to progress significant renewable energy and hydrogen development

    Saudi Arabia’s NEOM hydrogen mega-project cost soars to $8.5 billion

    OERA & ONHYM Reach Agreement to Enhance Offshore Energy Research & Development

    Santos receives major approval for oil and gas development offshore Western Australia

    Eni, Repsol press Maduro for more control to increase oil production from Venezuelan oil fields

    chevron invests in carbon capture and removal technology company, svante

    bp looks to further developments at Tangguh with PSC extension

    Falcon Oil & Gas completes successful drilling operations in Australia

    N’GENIUS solution on the horizon for oil, gas and LNG industry

    QatarEnergy, GE to develop carbon capture roadmap

    QatarEnergy, GE to develop carbon capture roadmap

    Equinor Energy

    Transocean secures offshore drilling rig contract from Wintershall and OMV

  • Market Reports
    CNOOC Limited Announces Caofeidian 11-1/11-6 Oilfield Comprehensive Adjustment Project Commences Production

    Vital Energy acquires oil production assets in Permian basin for $128 million

    INPEX sells Eagle Ford tight oil production and development assets to Repsol

    Matador Resources acquires Delaware basin assets for $1.6 billion

    Funding For Oil And Gas Industry Is Evolving Dramatically

    Marathon Oil Completes Eagle Ford Acquisition

    Neptune Energy producing natural gas from Merakes project in Indonesia

    Fresh Gas Supply Need Is Created By Australian Energy Crisis

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Aramco announces second quarter and half-year 2021 results

    Aramco announces second quarter and half-year 2021 results

    Empire Petroleum buys US oil and gas assets from ExxonMobil

    Empire Petroleum buys US oil and gas assets from ExxonMobil

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home Downstream

Spain Seeks Banks’ Help Over Gas Storage Plant Castor-Sources

Yuvraj_ong by Yuvraj_ong
September 10, 2014
in Downstream, Europe, News
0

MADRID, Sept 10 (Reuters) – Spain is studying a plan that would save it from assuming the cost of helping underwater gas-storage facility Castor, which was abandoned after minor earthquakes in the area, sources said.

 

The two sources, with direct knowledge of the matter, said the government had appointed gas grid operator Enagas to reach an agreement with a group of banks so that a 1.4 billion euro ($1.8 billion) payment, owed to concession-holder Escal UGS, does not count against the already high public deficit.

 

The government ordered Escal UGS, jointly owned by Spanish builder ACS and Canada’s Dundee Energy, to cease gas injections into the plant last autumn after more than 200 minor earthquakes were detected in the area.

 

The facility, meant to store 30 percent of Spain’s daily gas consumption, was the first in Europe to issue ‘project bonds’, of which there are 1.4 billion euros outstanding.

 

“They’ve asked Enagas to intermediate so that the banks finance the bailout and, in exchange, receive payment rights from the gas system. This solution would be neutral for Enagas’ balance sheet,” one of the sources said.

 

Spain has one of the largest public deficits in the European Union after a property bubble burst in 2008 and prolonged recession gutted public coffers. The government has forecast it will cut the shortfall to below 3 percent of gross domestic product by 2016 from 6.6 percent last year.

 

Previous Post

Interim results for the six months ended 30 June 2014

Next Post

Increase in Iran Oil Storage to Increase Export Flexibility

Related Posts

Groundbreaking new app details every energy resource in the North Sea
News

Alliance Takes Tough Stand On New Upstream Oil-Gas Projects

March 30, 2023
Saudi Arabia sets its sights on hydrogen export leadership
News

Quest For LNG By Europe May Not Be All That Flourishing

March 30, 2023
Total-Eni partnership in offshore gas drilling
News

Gulf of Mexico Drilling Rights Bids Fetch $263.8 mln To US

March 30, 2023
Exploration Development

Atlas Petroleum, partners advance Venus oil discovery offshore Equatorial Guinea

March 24, 2023
DeepOcean charters offshore support vessel to strengthen customers oil and gas, renewables assets
Downstream

DeepOcean charters offshore support vessel to strengthen customers oil and gas, renewables assets

March 23, 2023
Carbon+Intel - DNV and energy majors launch JIP to develop low-pressure CO2 transport by ships
Downstream

MicroSeismic wins second Department of Energy grant for carbon capture and storage services

March 23, 2023
Next Post

Increase in Iran Oil Storage to Increase Export Flexibility

Latest Post

Carbon+Intel - DNV and energy majors launch JIP to develop low-pressure CO2 transport by ships
Downstream

MicroSeismic wins second Department of Energy grant for carbon capture and storage services

March 23, 2023
Exploration Development

Sempra, ConocoPhillips partner to launch Port Arthur LNG Project in South Texas

March 23, 2023
LR green lights Rotoboost's pre-combustion carbon capture system
News

LR green lights Rotoboost’s pre-combustion carbon capture system

March 23, 2023
German Energy Regulator Does Not Dwarf Tough Road Ahead
Downstream

German Energy Regulator Does Not Dwarf Tough Road Ahead

March 22, 2023
North Sea Hydrogen Pipelines Have A Huge Potential- Study
News

North Sea Hydrogen Pipelines Have A Huge Potential- Study

March 18, 2023
Downstream

Study States European Natural Gas Rates To Multiply By 2024

March 1, 2023
Oil&Gas Advancement

About Us

Oil and Gas Advancement is an information centric knowledge sharing platform focused on the latest news in the B2B oil and gas sector bringing to our audiences B2B updates on upstream, downstream, pipeline and transport categories providing information on the latest projects and developments.

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2018 Copyright Valuemediaservices 2018 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2018 Copyright Valuemediaservices 2018 All rights reserved.