EurOil - Europe Oil & Gas
Ithaca-Eni deal is "right strategy, wrong price"
The proposed merger between Ithaca Energy and the UK business of Eni is the “right strategy” but has the “wrong price."
Moldova to deliver US LNG to consumers for first time
Moldova’s domestic gas supplier Energocom has said it will deliver test volumes of US LNG imported via a Greek regasification terminal on April 1-2 for the first time.
Profits of Czech EPH’s infrastructure unit dropped by 15% y/y to €1.22bn
EPIF has, in the past, made profits by transporting Russian gas to Central Europe. EPIF stated that “the gas transmission segment’s performance in 2023 was adversely impacted by one-off risk mitigation measures”.
Europe remains in gas mode as new sources and infrastructure remain key factors
Natural gas continues to occupy pride of place in Europe, where despite governments being keen to introduce and put to use emissions-free fuels, future long-term reliance on gas as a prime energy source is recognised as a fact.
Norway to review climate NDCs ahead of COP29
Norway is reviewing its nationally determined contribution to the Paris climate agreement on reducing emissions as well as its annual climate plan.
Ithaca seeks potential merger with Eni's UK business
Ithaca Energy has announced striking a deal on a potential merger with Italy’s Eni covering the bulk of the latter’s UK upstream operations.
Germany's SEFE acquires controlling interest in pipeline operator
Germany’s state-owned energy group SEFE has agreed to buy gas company Wintershall Dea’s controlling stake in the country’s gas transmission system operator WIGA.
TotalEnergies reopens Denmark's largest gas field
TotalEnergies has restarted production at Denmark’s largest gas field after a lengthy redevelopment programme that ran for four and a half years, bolstering both Danish and European energy security.
UK to miss out on huge benefits from unstable energy policy, poor tax regime
The UK stands to lose out on the lion’s share of benefits from a growing domestic offshore energy market that could reach GBP450bn in size by 2040.
BP to cut refining capacity at German plant by a third in 2025
BP intends to cut oil processing capacity at its Gelsenkirchen oil refinery in Germany by a third from next year, in response to projected weaker demand, the head of the UK major’s refining business Amber Russell said on March 20.
Vitol’s LNG volumes skyrocket in 2023 amid high European demand
Swiss-headquartered commodity trader Vitol Group reported a 24% rise in volumes traded of LNG in 2023, the firm revealed.
EPPO targets alleged fuel-smuggling network with Croatian links
In a major operation dubbed 'Fuel Family', the European Public Prosecutor's Office (EPPO) has dismantled a sophisticated fuel smuggling network operating in Italy, with alleged ties to Croatia.
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