EurOil - Europe Oil & Gas
Polish state energy giant to rid of media branch to show political independence
Poland’s state-controlled Orlen is mulling the sale of its media branch as its new chief executive seeks to demonstrate to investors that his group is abandoning any effort to exert political influence.
Rerouting of Russia trade to add more Caucasus, Central Asia growth in 2024-2025, says Oxford Economics
Relatively small component of expanded commerce comes from evading sanctions on particular goods, analysis argues.
Energean cashes in €883mn from Croatia, Egypt and Italy asset sale
Energean will offload assets in Croatia, Egypt and Italy as part of a strategy to focus on core gas development projects.
OMV Petrom confirms new gas target and tweaks decarbonisation mix under updated Strategy 2030
Romania’s energy group OMV Petrom confirms the new gas targets based on the Neptun Deep offshore project while adding adjacent Han Asparuh project currently in an exploration phase, and revises the mix of instruments in zero carbon business lines.
JAPEX takes full control over Norwegian joint venture
Japanese upstream player JAPEX has taken full control of its Norwegian oil and gas joint venture with London-listed Longboat Energy, after acquiring the remaining 50.1% interest in the enterprise.
Scotland misses another annual emissions target
Scotland’s government has missed one more of its annual targets for curbing greenhouse gas emissions.
Greenpeace accuses OMV of ignoring risks posed by naval mines to Neptun Deep project
Neptun Deep is the largest natural gas project in the Romanian Black Sea and Romania’s first deepwater offshore project.
Perenco purchases minority stake in Golar LNG
Independent oil and gas firm Perenco has acquired a 9.9% interest in marine infrastructure firm Golar LNG according to a filing made with the US Securities and Exchange Commission.
EU faces another gas conundrum as contract for Russian gas through Ukraine nears expiration
EU member countries and companies have approached Caspian Sea gas producer Azerbaijan with a scheme designed to cover the loss of Russian gas supplies reaching Europe through Gazprom’s pipeline system transiting Ukraine.
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