EurOil - Europe Oil & Gas
Russian Lukoil to lend Azeri SOCAR $1.5bn to boost Turkish refining
Russia’s second-largest crude producer, Lukoil, will lend Azeri state oil firm SOCAR $1.5bn as part of a broader deal that will allow SOCAR's Turkish STAR refinery with 0.2mn barrels per day of capacity to receive Russian oil again.
$1.5bn Lukoil loan to Azerbaijan’s Socar reportedly part of deal to restart processing of Russian crude at Turkish refinery
Europa puts farm-out process off Ireland on hold pending data reprocessing
UK-listed Europa Oil & Gas has temporarily put on hold a farm-out process for its licence off the coast of Ireland until subsurface imaging of the identified prospects is supported by data reprocessing at 30Hz.
Unions, North Sea oil industry take aim at politicians for declining output
Trade union GMB Scotland has blamed a “failure of government” for causing a major cut in North Sea oil flow via the Forties pipeline system, echoing similar comments by Jim Ratcliffe, the chairman of UK petrochemicals group Ineos.
Equinor gets all-clear to produce from Norway's Breidablikk oilfield
Equinor and its partner have been given the all-clear to launch production at the Breidablikk oilfield in the Norwegian North Sea, the Norwegian Petroleum Directorate (NPD) reported last week.
Danish pension fund dumps last major stake in oil, gas in Eni divestment
Danish pension fund AkademikerPension has wrapped up a multi-year divestment programme to phase out its interests in oil and natural gas shares, it announced on September 28.
IOG to go into administration following North Sea development setbacks
The company, whose flagship project is Saturn Banks in the south UK North Sea, said on September 28 it had filed a notice to court notifying its intention to appoint administrators as soon as possible.
Hungary and Slovenia sign MoU on gas interconnector
Slovenia and Hungary sign gas supply cooperation memo
Cyprus, Chevron extend talks on Aphrodite field development
The Cypriot government and US energy giant Chevron have agreed to extend their discussions on the development plan for the offshore Aphrodite gas field in the Cyprus exclusive economic zone until 5 November.
ExxonMobil sells majority stake in Adriatic LNG terminal to BlackRock
US oil major ExxonMobil has sold its 70.68% stake in Italy’s offshore Adriatic LNG Terminal to US investment firm BlackRock, the company revealed in a statement on October 4.
EU environmental policy, rather than Nagorno-Karabakh, more likely to derail plans to expand Azeri gas supply
Turkey hikes gas prices for industry and power plants by 20%
Kazakhstan pledges more oil on longer-term basis for Germany
During a visit to Berlin, Kazakh President Kassym-Jomart Tokayev said his government was prepared to assist Germany in its effort to find alternatives to Russian oil, which it stopped importing at the end of last year.
Bulgaria delays ban on imports of Russian oil until October 2024
Poland's Unimot eyes Shell's stake in Schwedt refinery
Poland's Unimot is one of the companies vying to buy Shell’s 37.5% stake in Germany’s PCK Schwedt refinery, sources have told Reuters.
TotalEnergies to bolster shareholder rewards while ramping up oil, gas production
TotalEnergies unveiled a new strategy at its investor day this week aimed at bolstering returns to shareholders while ramping up its oil and gas production by 2-3% annually over the next half-decade.
European gas prices continue downward trend on September 29
The front-month TTF gas contract saw a modest further decline in price in early trading on September 29, continuing the trend that has held all week, as a result of a rise in Norwegian pipeline supplies following the end of some maintenance outages.
OMV, DNO report Norwegian discoveries
OMV found gas 225 km west of Sandnessjoen after drilling a well at Production Licence 1016. DNO, meanwhile, found between 12.6 and 132mn barrels of oil equivalent 20 km of the Balder field after drilling the Norma well in the central North Sea.
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