EurOil - Europe Oil & Gas
Oman LNG strikes supply deal with Germany's SEFE
Oman LNG has reached a binding term-sheet agreement with Germany’s state-owned Securing Energy for Europe (SEFE) on the supply of 0.4mn tonnes per year of LNG from 2026 for four years, the Omani state news agency reported on August 14.
Wintershall Dea makes first foray into UK CCS scene
Germany’s Wintershall Dea has made its first foray into the nascent UK carbon capture and storage sector, securing this week its first licence for CO2 storage in the country from authorities.
Denmark delays second CCS tender over state indecision
Denmark has delayed the holding of a second tender for offshore CO2 storage licences in the North Sea, as the state has not yet determined whether it should hold a larger stake in these permits than it did in the previous competition.
In focus: Norway's greatest climate project
The raft of carbon capture, utilisation and storage projects are now emerging in north-west Europe, where the North Sea is poised to become Europe’s largest hub for CO2 storage.
Turkey sends drillship into East Mediterranean
Turkish Petroleum (TPAO) announced last week that the Abdulhamid Han drillship had embarked on a new exploration mission in the East Mediterranean.
Massive 1,500-tonne reactor gets stuck on gravel road en route to Lithuania’s oil refinery
Moldova to slap fine on gas grid operator for failing to spin off from parent firm
Moldova’s national energy regulator plans to slap a fine on gas grid operator Moldovatransgaz for failing to follow through on its commitment to spin off from parent company Moldovagaz, which is half-owned by Russia’s Gazprom.
Russian Urals prices at west ports soar to $70-80 per barrel
The free-on-board price of Russia’s Urals oil, loaded at Baltic and Black sea ports, has risen to above $70 per barrel, the International Energy Agency reported on August 11
Russian pipeline gas flow to EU reaches recent height in August
Russia’s Gazprom increased daily gas flow to the EU via the TurkStream pipeline to an historic high of over 51 mcm per day in early this month, while deliveries via Ukraine have also risen to a recent high this month.
Leading LNG player Qatar, key market Europe shun each other
The ramifications of heightened energy prices and the prevailing energy crisis have reshaped LNG contract preferences, favouring longer-term deals. This trend is not limited to certain players but applies to Qatar in particular.
EU gas prices soar 40% on August 9 amid Australian supply fears
European natural gas prices saw a remarkable surge of nearly 40% on August 9, driven by growing fears of disrupted LNG supply from Australia. This unforeseen development rattled traders, who were banking on further declines in gas prices.
United signs deal on sale of UK Maria find to Quattro
UK-based oil and gas firm Quattro Energy has mutually agreed with United Oil & Gas to extend the long stop date for the acquisition of United Oil & Gas' licence in the Central North Sea, the companies said this week.
Neptune slashes guidances amid "increasingly volatile" commodity prices
Neptune Energy has slashed its guidance for investment, production and cash flow this year, with its CEO warning of “increasingly volatile” commodity prices that are expected to bite into company margins.
Norway approves Snovhit Future project
Norway’s state-owned oil company Equinor and its other partners in the Snohvit gas development in the Barents Sea have received the green light from the Norwegian government to proceed with the Snohvit Future project.
Germany needs to improve gas supply security to face four risky winters, storage operating group warns
Germany should do more to bolster its gas supply security for the next four winters considering its loss of Russian pipeline exports in 2022, the country’s gas storage operators group INES said on August 10.
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