EurOil - Europe Oil & Gas
What do EU methane rules mean for global gas suppliers?
There is particular complexity in how the rules will be applied for US LNG exports, as exporters often do not produce the gas that they supply globally, and lack the data on emissions upstream.
UK, Scottish authorities urged to do more to prevent Grangemouth closure
The UK and Scottish governments face growing calls to do more to prevent the closure of Scotland’s only oil refinery in Grangemouth.
Shell profits beat forecasts in Q1 on strong LNG, oil trading performance
Profits at Shell came in better than expected in the first quarter, on the back of strong performance at its LNG and oil product businesses.
UK offers up 31 more oil, gas licences
The UK’s North Sea Transition Authority has offered up a further 31 oil and gas licences as part of its 33rd licensing round
Denmark's Tyra field faces delays
It will take until the fourth quarter of this year for Denmark’s largest gas field to return to peak production, instead of mid-year as previously planned.
ConocoPhillips achieves first oil at North Ekofisk off Norway
US major ConocoPhillips has reported first oil at the Eldfisk North project in the Norwegian North Sea some weeks ahead of schedule.
EU LNG imports down 8% in January-April: GIE
EU LNG imports were down 8% year on year in January to April at 40.8bn cubic metres, coinciding with a climb in Russian pipeline gas supplies.
Azerbaijan seeks EU long-term guarantees, financial support for gas projects
Azerbaijan is seeking long-term guarantees and available financial support from the EU to invest in its gas production and expand exports to the bloc, its president Ilham Aliyev said in late April.
Sweden says no need for international probe into Nord Stream blasts
Sweden has said there is no need for an international investigation into the explosions that ruptured the Nord Stream 1 and 2 gas pipelines in September 2022.
MOL bows to government pressure on slashing fuel prices on a voluntary basis
Hungary’s motor fuel prices have moved closer to the average in neighbouring countries with the third cut in the wholesale price in less than a week. The government welcomed MOL’s decision to reduce prices at petrol stations from 4 May.
Turkey reportedly still loading Azerbaijani oil for Israel despite “total trade ban”
Trade ministry said “all products” are subject to boycott, but tankers on Ceyhan to Haifa crude export route appear unaffected.
Latvia’s Latvijas Gaze dividends payment to Russian companies contested in court
Latvian gas company Latvijas Gaze paid out several million euros in dividends to Russian state companies on its profits last summer; however, Latvia’s lawyer Martins Kveps is contesting the arrangement in court.
Ukraine to boost winter gas storage for Europe by 60%, says Naftogaz
The CEO of Ukraine's state energy giant Naftogaz has revealed ambitious plans to increase winter gas storage for foreign companies and traders by 60%, reaching approximately 4 bcm.
Russian gas pipe flow to Europe in April down 6% m/m but up 10.3% y/y
Russian pipeline gas flow to Europe in April was down 6% month on month, but up 10.3% year on year, as buyers opted for more supply from Gazprom because it is currently cheaper than LNG.
OMV Petrom’s profit down 6% y/y in Q1
OMV Petrom (BVB: SNP) announced that its net profit fell by 6% y/y in the first quarter (Q1) of the year, to RON1.39bn (€280mn) as its revenue from sales dropped by 10% y/y to RON8.54bn.
OMV Petrom puts an end to exploration in Georgia’s offshore
Following unsuccessful attempts to identify a partner for the exploration of the II offshore perimeter in Georgia, OMV Petrom (BVB: SNP) has decided to put an end to the operations.
OMV Petrom to invest €3.7bn in its low-carbon business lines by 2030
OMV Petrom (BVB: SNP) will dedicate one-third of its €11bn investments planned by 2030 to five low-carbon business lines, which are planned to reach 15% of the company’s EBIT consequently, company’s CEO Christina Verchere announced.
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