EurOil - Europe Oil & Gas

Turkey’s Black Sea find ‘could potentially meet country’s energy needs for 20 years’

Premier unveils plan to tackle debt

UK-based Premier Oil unveiled a plan this week that seeks to help pay down its debt and alleviate shareholder concerns over the state of its finances.

Maersk secures additional Aker BP contract

Maesrk Drilling announced on August 20 that it had secured an additional one-well contract from Aker BP for the Maersk Integrator jack-up rig.

Golar provides update on FSRU for LNG Croatia

LNG player Golar Energy has provided an update on its Viking floating storage and regasification unit conversion project, with CEO Iain Ross saying the vessel is due to depart from China to Europe in September.

Rathlin, Union Jack plan new conventional onshore wells in England

Rathlin Energy and partner Union Jack Oil are planning the next phase of the onshore West Newton conventional project in Yorkshire, northern England.

Shell seeks sale of Norway’s Gasnor

Royal Dutch Shell is reportedly in talks to sell Norway-based gas business Gasnor, with the move forming part of a broader push to sell non-core assets.

Allseas reports on North Sea platform removals

Offshore contractor Allseas has completed the removal of processing and accommodation topsides and flare jackets as part of the Tyra redevelopment project for Total in the Danish North Sea and is preparing for its next platform removal in UK waters.

Claim that Turkey’s made Black Sea energy discovery sends ripple through markets

Erdogan promises to deliver Turks some “good news” in two days that will signal “the beginning of a new era” for the nation. Against backdrop of beleaguered lira, Turkish president is badly in need of a lift.

Gazprom’s European exports plunge, boosting China’s appeal

Socar-owned Turkish petrochemical producer Petkim manages TRY145mn profit in Q2

Russia’s Oteko energy group selling remaining assets in Turkey, LPG wholesaler put on sales block

Eastern promise stokes tensions

Turkish moves to explore for oil and gas in contested waters in the Eastern Mediterranean have inflamed tensions in the region.

NRG: All the news at your fingertip

Cyprus hits out at EU partners for approach to Turkey gas exploration dispute “amounting to policy of appeasement”

Turkish refiner Tupras swings to Q2 net loss of TRY185mn

Turkish refiner Tupras swings to TRY185mn net loss in Q2. Oil price and pandemic woes deal company double blow. Major companies in Turkey showing chunky FX deficits. Turkish Airlines becoming another burden for country.

Azerbaijan’s oil exports via BTC pipeline decline 11% in first seven months

Competition between pipeline gas, LNG in Europe rises as regasification capacity grows

LNG imports are increasingly competing with pipeline gas in Europe, with further regasification capacity under development.

French conduct military exercises with Greece off Crete as disputed ‘energy’ waters row with Turkey worsens

Poland’s state-run refiner Lotos posts net profit loss in Q2