EurOil - Europe Oil & Gas
Belgium breaks ground on hydrogen-ready gas pipeline
Belgian gas grid operator Fluxys broke ground on a new gas and hydrogen-ready pipeline on June 7 in a ceremony attended by Belgian Prime Minister Alexander De Croo.
Eni in talks to snap up Neptune for $5-6bn
Biden administration was reportedly aware of Ukrainian plot to blow up Nord Stream pipelines three months prior to attacks
The CIA received a European intelligence service report that Ukraine’s military was plotting the attack with the use of a small team of divers who were reporting directly to the C-in-C of the country’s armed forces, General Valerii Zaluzhny.
Indian, Chinese oil imports from Russia reach new height in May
Intake of Russian oil by China and India soared to a new height in May, as buyers continued to take advantage of discounted cargoes, while the two countries cut back on imports from the Middle East and Africa.
Israel’s NewMed reveals partners’ development plan for Cyprus Aphrodite field
Israel’s NewMed Energy, formerly Delek Drilling, has announced that it, along with the partners in Cyprus’ offshore Aphrodite gas field, has submitted to the Cyprus government an updated development plan for the 4.4 tcf gas resource.
Fitch affirms rating of MOL and revises outlook from negative to stable
The revision of the outlook reflects that while a halt in Russian oil and gas supplies to Hungary cannot be ruled out given the war in Ukraine and hostilities between Russia and the EU, there is a lower risk of the negative scenario materialising.
Hungary’s MVM CEEnergy and SOCAR sign gas deal
Saudi cuts deeper as OPEC+ extends deal
Saudi Arabia has announced that it will cut its oil output by 1mn barrels per day in July, with OPEC+ agreeing to extend its current deal until next year.
SOCAR to supply gas to Hungary in 2023
Fresh wrangling threatens attempts to restart Iraqi Kurdistan oil exports from Turkey’s Ceyhan
Security probe of Norwegian gas pipelines finds nothing suspicious
Inspections conducted on Norway's offshore gas pipelines in the aftermath of the Nord Stream explosions have not uncovered any suspicious findings, according to an executive from Equinor, providing the first official update on the security sweep.
Trillion launches fifth Black Sea well
Canada’s Trillion Energy has commenced production from its fifth well in the ongoing drilling campaign in the Black Sea, it said this week. The drilling operations took place in a natural gas field off the coast of Turkey.
Hammerfest LNG suffers gas leak
Equinor announced on May 31 that a gas leak at the Hammerfest LNG plant in Norway had been successfully stopped and the process of normalisation has commenced. However, the company has not said when production at the facility will resume.
European gas outlook improves, but further winter risks ahead
Natural gas prices have fallen to levels not seen in two years, and the continent looks increasingly well-positioned to make it through next winter, given the fast rate at which gas storage volumes are being replenished.
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