EurOil - Europe Oil & Gas
Serbian NIS’ net profit drops 69% y/y in 1H23
NIS's financial results can be attributed to the prevailing macroeconomic challenges and market trends, including the decrease in oil and oil product prices, which had the most substantial impact.
ISTANBUL BLOG: Ordinary Turks take economic beating as media voices insist on positivity on country’s ‘new’ direction
Nagging questions such as what is the policy rate doing at 17.5% when the inflation forecast is 70% are largely ignored.
EurOil: RWE raises 2023 guidance for earnings
BP signs 10-year deal with OMV to supply LNG
British oil and gas major BP and Austria’s OMV agreed to a long-term sale and purchase agreement for LNG, the two companies announced on July 28.
RWE raises 2023 guidance for earnings
Equinor sees profits halve in Q2 on lower prices
Norway’s state-owned oil and gas producer Equinor reported a halving of profits for the second quarter versus the same period of last year, attributing this to significantly lower oil and gas prices.
Eni snaps up Chevron stakes in three Indonesian blocks
Italy’s Eni announced this week it has purchased Chevron’s operating stakes in three production-sharing contracts off Indonesia, as the company looks to broaden its footprint in the country and fast-track key projects there.
Turkmenistan: Watched over by CCTVs of loving grace
Europe's elusive pipeline, Gulf investment, Korean lobbying and a new ghost town.
Exiting Russia is prove increasingly difficult, says Wintershall Dea head
Wintershall Dea’s CEO Mario Mehren said on July 27 that "new obstacles to exit are being created on a daily basis," in a call to discuss his company's second-quarter financial results.
Higher rain levels in Brazil help stave off gas pain in Europe
The end of Brazil’s drought has allowed US sellers to send more LNG to Europe, but these conditions may not persist beyond the short term.
EU, Venezuela in talks on methane capture, exports
At least three European firms are slated to work with Venezuela's PdVSA to start trapping methane emissions and sending them to Atlantic LNG for processing and export.
Europe could still face very tough winter if Russia cuts gas supply entirely, says IEA
Russian gas pipeline flow to Europe has averaged about 2bn cubic metres per month so far this year, or roughly six to seven times less than the corresponding 2017-2021 range. But Russia has also been sending around an equal amount of gas in LNG form.
Bulgarian lawmakers to take control of Lukoil oil terminal
Lawmakers in the 240-seat parliament voted 144 in favour of a bill that would end Lukoil’s concession to run the Rosenets oil terminal near the Black Sea port of Burgas.
Czech Republic to continue importing Russian oil until 2025
The Czech Republic will continue importing Russian oil until 2025, at which point it will be able to switch to alternative supplies, an official at Czech pipeline operator Mero, Zdenek Dundr, told the local Pravo newspaper on July 21.
German resort town calls for probe into finances of LNG project operator
The German resort town of Binz has called for an anti-money-laundering probe into the finances of the operator of a planned LNG terminal that it opposes over its environmental impact.
Dubai replaces Geneva as key base for Russian oil trade
Dubai and other cities in the UAE have replaced Geneva as a major base for traders of Russia’s oil since Swiss authorities joined the EU embargo on that trade last year.
EurOil: EU mulls importing gas from Argentina
Shell may sell renewables unit
Oil supermajor Shell plc is “exploring options” for its global renewable power business, including a potential sale to outside investors, Bloomberg reported citing knowledgeable sources.
UK oil, gas industry rails against Labour's plan to end licensing
North Sea oil and gas association Offshore Energies UK (OEUK) has stepped up calls for the opposition Labour Party to abandon its pledge not to allow any new oil and gas exploration licences in UK waters to be issued.
Portugal's environment agency clears Galp biofuel project
Portugal’s environmental regulator this week cleared a project by the country’s main oil company Galp to bring online an industrial-scale facility to produce biodiesel and biojet fuel using cooking oils at its refinery in Sines.
UK Kraken FPSO restarts after transformer failure
EU mulls importing gas from Argentina
The EU is looking at potentially buying natural gas from Argentina in the future, in anticipation of the South American country’s planned expansion in domestic production that is expected to transform it from a net gas importer to exporter.
UK High Court backs gas project in southern England
Bulgaria mulls cancelling port concession of Russia-owned oil refinery
Bulgaria’s Change Continues-Democratic Bulgaria (CC-DB), Gerb and the Movement for Rights and Freedoms intend to end a port concession granted to Russia-owned oil refinery Lukoil Neftochim.
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