EurOil - Europe Oil & Gas
EU leaders to urge companies to take part in joint gas purchases this week
Europe’s energy security, hard hit by Russia’s significant reductions in pipeline gas supply to the continent over the last year, has improved, but EU leaders stress the need for preparations to be made for next winter.
Novatek sees profits double in 2022 on higher LNG export revenues from Europe
Novatek reported a doubling of profits in 2022, Interfax reported on March 16, thanks to a jump in shipments to the highly-priced European market, despite fallout from Moscow’s war in Ukraine.
Turkey eyes 40 bcm per year gas exports
Turkey wants to position itself as a key natural gas exporter on the back of its key Sakarya discovery in the Black Sea, the country’s energy minister, Fatih Donmez, said.
G7 seeks to keep $60-per-barrel cap on Russian oil
The G7 group intends to keep the current price cap on Russian crude oil at $60 per barrel, as originally set in December last year, despite some calls from some EU member states to lower the price.
Equinor reports eighth discovery near Troll
Norway’s Equinor has reported its second hydrocarbon discovery off the coast of Norway and its eighth near the giant Troll gas field since 2019.
Slovenia’s Petrol ends 2022 with net loss of €2.7mn
Srbijagas to increase gas price by up to 10% in May
MOL Group parts with 39 Slovenian petrol stations
Bulgaria ready for more Azeri gas, Radev tells Aliyev
EU member Bulgaria is ready to receive more natural gas from Azerbaijan through the Southern Gas Corridor (SGC) and the Interconnector-Greece-Bulgaria (IGB) pipeline, Bulgarian President Rumen Radev told Ilham Aliyev, the President of Azerbaijan.
UK to prioritise fast gas developments in latest licensing round
The regulator overseeing UK oil and gas licensing has said it will prioritise the issue of licences for gas projects that can be brought quickly into production, in an effort to ease the country’s energy crisis.
INEOS, Wintershall Dea launch Greensand CCS project
European gas prices spike on March 9 amid cold weather, French strike action and nuclear concerns
European gas prices spiked on March 9, as a result of colder weather in northern Europe and expectations of further disruptions to LNG imports and nuclear outages.
Harbour sees 2022 profits "wiped out" by UK windfall tax
UK North Sea player Harbour Energy has said the UK’s windfall tax “wiped out” its profits last year, but it still paid out $1bn in shareholder dividends.
Shell considers Greenpeace challenge a "low risk" to Jackdaw project
Shell has expressed confidence that a legal challenge by environmental NGO Greenpeace is unlikely to cause disruptions to its plan to develop the Jackdaw gas field in the North Sea.
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