EurOil - Europe Oil & Gas
UK awards more oil and gas licences
The oil and gas industry is poised to invest over $1 trillion in new gas supplies, driven by Europe's rising demand
The oil and gas industry is poised to invest over $1 trillion in natural gas supplies, responding to Europe's robust demand, which will invest a quarter ($223bn) of that amount alone by 2033, according to a report from Global Witness.
Romgaz to issue €500mn bonds in H1
“Masked Russian oil” supplied via Turkish terminal has even ended up in US warships, claim senators
Is this the last year of Russian gas transit via Ukraine?
Ukraine has insisted it has no intention of renewing its gas transit contract with Russia that is due to expire at the end of this year.
IEA predicts Russian pipe gas exports to stabilise in 2024
Russian gas pipeline supplies to Europe should stabilise in 2024 at the same level as last year – a year in which they crashed to their lowest level since the 1970s.
Europe's final transition from Russian gas to LNG will cost $223bn
Europe's strategic pivot away from Russian natural gas towards LNG is estimated to require a colossal investment of $223bn in global projects over the next decade, Bloomberg calculates.
Poland’s Orlen denies reports that sale of Lotos assets to Saudi Aramco was below market value
The State Treasury, which holds a 49.9% stake in the company, will propose changes in Orlen’s supervisory board.
Ukraine denies Fico’s claims it could prolong Russian gas transit
“The stance of the Ukrainian side is straightforward: the transit contract will expire at the end of this year,” says Ukrainian government.
Italy's PM Meloni unveils "Mattei Plan" for African development ahead of Italy-Africa summit
Italian Prime Minister Giorgia Meloni unveiled her long-anticipated development strategy for Africa over the weekend, floating a "non-predatory" approach aimed at fostering cooperation.
Bulgaria, Turkey sign gas interconnection agreement
Croatian Janaf and Kazakh KazMunayGas sign MoU on cooperation
Croatian crude oil transportation company Janaf has entered into a memorandum of understanding with Kazakhstan's KazMunayGas, focusing on potential collaboration in oil transportation and storage of oil and oil derivatives.
Transgaz gets €93.5mn Modernisation Fund financing to inject Black Sea gas into transport system
Aker-BP, Equinor find only non-profitable oil volumes at new Munin well
Norwegian producer Aker BP and Equinor have struck oil with a first exploration well at a production licence next to the Munin field in the North Sea, but the find is considered non-profitable.
Denmark's largest gas field on track for relaunch this March
Denmark’s largest gas field is on track to relaunch production in March after lengthy and extension renovation.
UK licensing bill passes second reading in lower house
The UK government’s bill on introducing North Sea oil and gas licensing rounds on an annual rather than ad hoc basis passed its second reading at the House of Commons on January 22.
Slovenia’s Petrol eyes net profit of €156.5mn in 2024
Qatari LNG deliveries to Europe delayed by Red Sea conflict
Qatar’s LNG deliveries to customers in Europe will be delayed as the Gulf country reschedules shipments and routes amid the crisis in the Red Sea.
Azerbaijan's oil is in decline, but gas is growing
Azerbaijan has established itself as one of the key players in the European energy sector, particularly in the context of oil and gas production and export.
Exploring Germany's long-term gas deal with Norway
Germany last month committed to a 10-year natural gas supply agreement with Norway, providing it with a source of stable and affordable energy to replace lost Russian deliveries.
Latvian government urges businesses to phase out Russian LPG imports
The Latvian government called on local companies to end Russian liquid petroleum gas imports as soon as possible and to adapt in time to the expected sanctions, Prime Minister Evika Silina (New Unity) said on January 22.
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