EurOil - Europe Oil & Gas
Iran's call at Caspian nations meeting for end to Israel oil supplies awkward demand for Azerbaijan, Turkey
Norway urges operators to "leave no stone unturned" in developing difficult gas resources
Norwegian offshore oil and gas operators should leave “no stone unturned” in developing the country’s vast remaining proven gas resources.
TTF prices remain subdued as storage volumes remain high
The Dutch front-month TTF price dropped to $12.07 per mmBtu on December 6 from $13.7 on November 28, despite earlier predictions of colder weather sweeping Europe.
Serica sees output surge at North Sea fields
London-listed Serica Energy has reported a surge in production across its North Sea licences, surpassing 50,000 barrels of oil equivalent per day after conducting remedial work on wells within the Bruce and Guillemot fields.
This winter’s gas crisis in Europe is already over before it began
Europe went into this year’s heating season, which started on November 7, with its tanks full to bursting; the EU gas storage tanks were close to 100% full as the weather turned cold.
COP28 leader defends controversial remarks
Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.
Russia maintains strong grip on Austrian gas market
Russia maintains a strong grip on Austria’s natural gas market, with the latter country reselling some of those supplies to its neighbours while stalling on efforts to wean itself off dependence on Gazprom.
Lukoil mulls sale of Bulgarian refinery, petrol stations
Russian oil company to reassess its presence in Bulgaria and could sell its business after Bulgarian parliament banned imports of Russian oil from March 2024.
TotalEnergies to share methane detection, measurement technology with SOCAR, Sonangol, Petrobras
TotalEnergies will share its AUSEA methane detection, measurement technology with SOCAR, Sonangol and Petrobras.
Azerbaijan begins expansion into the European gas market
Azerbaijan is actively working to carve out a greater market share for its natural gas in Europe – targeting some countries that once relied heavily on Russian gas.
MOL to buy 15% stake in Hungary's leading haulier, Waberer's
COP28: Major oil companies pledge to cut methane emissions
About half of the world's oil firms, totalling almost 50 companies, have committed to achieving "near zero" methane emissions and discontinuing routine flaring in their operations by 2030, and achieving net zero by 2050.
Transition risks for petrostates higher than ever, says report
Petrostates are currently confronted with significant challenges arising from the ongoing energy transition. The diminishing demand for oil and gas is exerting downward pressure on commodity prices, which in turn threatens future revenue streams.
Cyprus, Chevron reach deal on Aphrodite gas field
The government of Cyprus and US energy giant Chevron reached agreement on 1 December for the development of the Aphrodite gas field, an issue that has been up in the air since August, when the government rejected Chevron's revised development plan.
Construction of Serbia-Bulgaria gas interconnector completed
OPEC+ extends voluntary cuts as Brazil prepares to join
The group failed to agree on an additional cut that would apply to all members, so leading producers have once again decided to cut over and above the OPEC+ quotas
British oil firm Prax acquires 36% of major South African refinery Natref from TotalEnergies
EurOil: BP's long search for a new CEO continues
Natural gas price to rise by 6.5% in Bulgaria in December
BP's long search for a new CEO continues
The search for a new CEO at BP is expected to drag on into next year, leaving one of the largest oil and gas producers in the world without a clear sense of direction.
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