EurOil - Europe Oil & Gas
EU parliament, member states reach preliminary deal on carbon removal framework rules
The European Parliament and EU member states have reached a provisional agreement on regulation to establish an EU carbon removal certification framework.
Spain's Naturgy beats profit expectations in 2023
Net profits at Spanish gas and power group Naturgy surpassed expectations in 2023, rising by more than 20%.
Serica enters UK's Greater Buchan Area
Serica Energy has completed its acquisition of a 30% non-operating stake in the Greater Buchan Area from fellow UK North Sea operator Jersey Oil and Gas.
UK follows EU member states in exiting Energy Charter Treaty
The UK has become the latest country to withdraw from the Energy Charter Treaty, an international agreement intended among other things to protect energy investments
Eni’s ‘fast-track’ for Cyprus gas likely points to Egypt as market and re-export centre
Despite the ongoing war in the Gaza Strip, gas exploration and development in the East Mediterranean continues to be a prime focus for the countries and companies involved.
Lack of shipping capacity thwarts Russian LNG ambitions
Western sanctions are thwarting Russia’s planned expansion in the global LNG market.
Germany’s Mukran port receives FSRU, begins trial operations
Germany’s Baltic Sea industrial port Mukran received the floating storage and regasification unit Energos Power on February 24, operator Deutsche ReGas revealed.
Turkey’s natural gas imports fall 8% in 2023
European gas prices slide to lowest point since early 2021
European natural gas prices have plummeted to levels not seen since 2021, as the continent nears the end of a mild winter with record levels of gas in storage and access to ample LNG supply.
Denmark ends probe into Nord Stream blasts
Denmark has followed Sweden in ending its investigation into the explosions in 2022 that burst the Nord Stream gas pipelines.
Serb Republic seeks increased Russian gas imports
Bosnia’s Serb Republic intends to ramp up gas imports from Russia to support increased industrial demand.
Oil Terminal to build bitumen terminal in Constanta port with Swiss Euronova Energies
Romania’s Romgaz resumes drilling at Caragele deep reservoir
Italy spent $7.4bn on oil imports from Azerbaijan in 2023
Poland’s Orlen posts €6.4bn in profit in 2023
Azerbaijan becomes the main supplier of pipeline gas to Bulgaria in 2023
EU countries such as Italy, Greece and Bulgaria imported a record 492,900 terajoules of natural gas from Azerbaijan, marking a 2.5% increase from 2022, with the total value of these imports reaching about €6.2bn.
Indications grow Turkey-Russia trade hit by tightened US sanctions
Turkish exports to Russia sank 30% in January. Turkey’s banks facilitating payments wary of being shut out of US financial system.
Denmark's largest gas field still set for March relaunch
Denmark’s largest gas field Tyra remains on track for relaunch in March and will ramp up to full production capacity within four months.
Norwegian gas export could hit new record in 2024, says Equinor
Norwegian natural gas exports could reach a record high this year.
Bulgaria seeks strategic investor for Lukoil refinery on US trip
Bulgaria is seeking a “strategic buyer’ for the Russian Lukoil-operated Neftochim refinery in Burgas.
Germany's SEFE looks at converting storage sites and pipelines to hydrogen
Germany’s nationalised gas trader SEFE, which once belonged to Russia’s Gazprom, is looking at options for converting some of its underground natural gas storage facilities and pipelines for hydrogen use.
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