EurOil - Europe Oil & Gas
Court lets German Uniper pull out of long-term Gazprom contracts
Upon the decision of the Stockholm Court of Arbitration German energy major Uniper announced the cancellation of all long-term supplies contracts with Russian energy major Gazprom and its subsidiary Gazprom Export.
Greece becoming key gateway to Europe for US LNG
International plans made years ago are beginning to take shape in northern Greece with the installation of the Alexandroupolis INGS and the completion of pipelines that transport gas from the Caspian Sea state of Azerbaijan to Europe.
OMV launches plant to produce renewable diesel component at Schwechat refinery
Austria’s OMV has commissioned a new co-processing facility for producing renewable diesel blending components at its 9.6mn tonne per year oil refinery in Schwechat.
Europe’s gas refill slowed by diversion of cargoes to Asia
Europe’s gas refill season has started slow as cargoes are increasingly being diverted to Asia, where heatwaves are hitting the continent.
First oil from Buchan redevelopment delayed by a year
First oil from HitecVision-backed Neo Energy’s Buchan redevelopment project in the UK North Sea has been delayed by a year until late 2027.
BP updates rules on managers disclosing intimate relationships
BP has warned its managers that they should own up to any intimate relations with colleagues or risk losing their jobs.
Glencore replaces Trafigura as oil supplier to Lindsey refinery
Commodity trader Glencore has secured a contract to supply crude oil to the Lindsey refinery in the UK, replacing its rival Trafigura.
OMV Petrom invests €560mn to produce sustainable fuels
Southeast Europe's largest integrated energy producer to produce sustainable aviation fuels and biodiesel at Romania's Petrobrazi refinery.
JT Grup OIl moves ahead with Bucharest listing after €4mn IPO
Romanian petroleum products trader JT Grup Oil announced that only a third of the 10mn shares issued by its IPO found buyers, but saluted the completion of the operation and confirmed that its shares will be listed at Bucharest Exchange.
Deltic exits UK's Penscola project after failing to find financing
London-listed junior Deltic Energy has withdrawn from the Pensacola oil and gas project in the UK North Sea after failing to come up with financing to cover its share of well costs.
ADNOC, Criteria takeover of Spain's Naturgy falls through
Spanish holding vehicle Criteria announced on June 10 that it had failed to strike a deal with Abu Dhabi’s TAQA on the joint acquisition of Spanish gas utility Naturgy.
Finland seeks EU vessel to handle potential Russian dark fleet oil spills
Finland has urged the EU to invest in a standby response vessel to deal with potential oil spills in the Gulf of Finland that could be caused by Russia’s so-called dark fleet of tankers.
EurOil: Germany does away with gas storage levy
European gas market remains exposed to gas supply shocks
A recent unplanned outage in Norway has highlighted how the European gas market remains exposed to supply shocks despite high levels of storage.
Baltic energy in Kremlin's propaganda eyes
The energy sector in Lithuania, Latvia and Estonia is constantly under the Kremlin's propaganda spotlight, Aidas Petrosius, head of business development at Mediaskopas said, presenting the media monitoring company's study on Russian electronic media,
OPEC+ extends cuts, to unwind voluntary limits
OPEC+ has extended most of its cuts through 2025, but will begin to unwind voluntary additional restrictions
Hungary's MVM acquires stake in Shah Deniz gasfield
Acquiring a stake in this gas field "provides us with protection against significant energy price fluctuations", says Hungarian Foreign Minister Peter Szijjarto.
Hungary’s MVM Group acquires 5% stake in Shah Deniz gasfield in Azerbaijan
The 5% stake would translate into an annual supply of 1.5 bcm of natural gas for Hungary.
Proposed EU sanctions on Russian LNG unlikely to affect Asian buyers
Europe’s proposed new sanctions package aimed at combatting transshipments of Russian LNG is not expected to impact Asian purchasers, European Commissioner for Energy Kadri Simson told reporters in Tokyo June 3.
Turkey, Azerbaijan agree extension to gas supply contract, strike deal on piping of Turkmen gas
CO2 injection test planned at UK's largest depleted gas field
Preparations are in progress for a CO2 injection test at a carbon capture and storage project in the North Sea, at the UK’s largest depleted gas field.
EU gas demand at 15-year low in 2023
EU natural gas demand fell for a second year in a row in 2023, reaching its lowest level since 2008.
Germany does away with gas storage levy
The German government has decided to eliminate its gas storage levy on natural gas exiting the German grid at border interconnection points starting in 2025.
Norway on track for record oil, gas investment in 2024
Norway's oil and gas sector is poised for record investment levels this year, fuelled by rising costs and a surge of projects initiated in late 2022.
Viaro nears deal to snap up ExxonMobil, Shell North Sea assets
Independent player Viaro Energy is close to acquiring Shell and ExxonMobil’s gas fields in the southern North Sea.
Shell gives Deltic more time to find Pensacola funding
Shell, the operator of the UK North Sea’s Pensacola oil and gas discovery, has extended the deadline for its partner Deltic Energy to secure funding for its share of the cost of drilling an appraisal well.
Reabold assures investors of commitment to value
London-listed junior Reabold Resources PLC assured investors on May 31 of its commitment to maximising the potential and value of its portfolio for shareholders.
European prices spike on Norwegian outage
EU reportedly mulls sanctions on Russian tanker insurer
The European Commission is considering sanctions proposed by one member status on Russian insurance company Ingostrakh, a provider of coverage for tankers carrying Russian crude.
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