EurOil - Europe Oil & Gas

16 July 2022

Shipments to Europe help boost Venezuelan oil exports 61% in June

15 July 2022

Venezuela saw exports of crude oil and refined fuels rise by 61% last month as it resumed shipments of crude to Europe for the first time in two years.

Hungarian government declares energy state of emergency, tightens utility price cap rules

14 July 2022

From August 1, regulated energy prices for households will apply only to electricity and gas consumption up to the national average.

EU lawmakers vote that nuclear and some natural gas are ‘green’

13 July 2022

The European Parliament has voted that nuclear power and some forms of low-carbon natural gas can be classified as ‘green’. This could lead to billions of dollars of state subsidies and private investment for the energy sources.

Canadian sanctions exemption allows for the return of up to six Nord Stream 1 gas turbines

13 July 2022

A sanctions exemption issued by the Canadian government to enable the return of a Siemens turbine to Russia’s Nord Stream pipeline will last for up to two years from now, making possible the import and re-export of a further five turbines.

Spanish imports of Russian gas soar in June, while Algerian gas imports sink

12 July 2022

Russian natural gas exports to Spain rose more than four-fold year on year in June, while Algerian deliveries dropped by more than half, according to data released by Spain's Enagas.

Mauritania’s oil minister highlights European opportunities for West African gas producers

12 July 2022

Mauritania’s Minister of Petroleum, Mines and Energy Abdesselam Ould Mohamed Saleh says rising natural gas producers in West Africa are eager to help Europe resolve concerns about energy supplies and prices.

Decom Engineering to deploy saws for West African, UKCS offshore pipeline cutting projects

12 July 2022

Decom Engineering, a pipeline decommissioning firm based in Northern Ireland, said on July 7 that it had won contracts worth for two new projects offshore West Africa and on the UK Continental Shelf (UKCS).

What if Nord Stream 1 doesn’t come back online?

11 July 2022

The Nord Stream 1 pipeline closed down on July 11 for routine maintenance. Under normal circumstances the 10-day closure would cause no alarm, but European officials have suggested that Moscow may keep the 55 bcm per year offline longer.

The European Union needs to cut demand by 15% to cope with Russian gas cuts

9 July 2022

Without Russian gas, the European Union would have to reduce demand by approximately 15%, with big differences between different parts of Europe.