EurOil - Europe Oil & Gas
EU sees sharp drop in gas imports in Q1
The EU saw a significant reduction in natural gas imports in the first quarter this year, with volumes decreasing by over 11% compared to the same period in 2023, while the import value dropped by more than half.
Poland's Orlen to deliver regasified LNG to Slovakia
The gas supply arm of Poland’s state-owned Orlen, PGNiG Supply & Trading, has signed a contract to supply pipeline gas to Slovakia, which is facing the cessation of Russian gas deliveries via Ukraine starting January 1 next year.
Austria appoints commission to look at ending Russian gas contract
Austrian Energy Minister Leonore Gewessler has appointed a commission of experts to explore whether Austria’s OMV can get out of a long-term deal with Gazprom for Russian gas.
Equinor, partners launch first Lavrans well off Norway
Norway’s Equinor and its partners Petoro, Var Energi and TotalEnergies have brought on stream a first Lavrans well in the Kristin South area in the Norwegian Sea.
Germany near to deal on fate of Rosneft assets
Germany is close to a deal to decide the fate of assets belonging to Russian oil company Rosneft that the government took over two years ago in the wake of Moscow’s invasion of Ukraine.
Germany to launch first auction for hydrogen-ready gas plants by end of 2024, early 2025
Germany announced on July 5 that it will launch the first tender by the end of this year or early next for constructing and modernising 12.5 GW of gas-fired power generation that can later be switched to hydrogen.
Time is short for deal to save Grangemouth refinery
In the wake of the UK Labour Party’s landslide election victory earlier this month, the new government faces a crucial decision in determining the fate of the loss-making Grangemouth oil refinery in Scotland.
Deltic accepts UK North Sea licences, prepares for Blackadder farm-out
UK oil and gas junior Deltic Energy has accepted one of the two licences it was provisionally awarded in the UK’s 33rd offshore licensing round, as it prepares for a farm-out at the Blackadder prospect.
Nord Stream attacks planned back in 2014, claims German newspaper
The sabotage of the Nord Stream 1 and 2 pipelines in autumn 2022 was planned back in 2014, prior to Russia’s annexation of Crimea.
UK oil and gas lobby urges new government not to hike tax, end licensing
UK North Sea oil and gas producers have urged the incoming Labour government to reverse course on plans to hike taxes and end licensing, following the party’s landslide election on July 4.
Germany's Schwedt oil refinery at 80% capacity despite ownership doubts
Germany's Schwedt oil refinery is running at over 80% capacity despite the uncertainty over its ownership after Germany seized control of the asset shortly after Russia’s invasion of Ukraine in 2022.
LNG Croatia launches €17mn tender for expansion
Moldova’s competition body slaps €25mn fines on fuel retailers
Moldova’s competition body Consiliul Concurentei announced fines with a total value of €25mn decided in the case of six fuel retailers found to have coordinated the prices charged on the local car fuel retail market in 2019-2020.
Romania sees first drilling in Neptun Deep by end of year
It has taken years to get the project rolling, but it promises to make a huge difference for European energy security in the years ahead. Some €4bn is expected to be invested by OMV Petrom and state-controlled Romgaz.
TotalEnergies sheds West of Shetlands assets
France’s TotalEnergies announced last week it had decided to sell its entire stake in the West of Shetland gas fields to private UK-based Prax Group.
Shell halts work on biofuels plant amid weak market conditions
Shell has paused construction on a planned 820,000 tonne per year biofuels plant in the Netherlands.
Repsol eyes UK operations merger with NEO
Spain's Repsol is in advanced discussions to merge its UK North Sea oil and gas operations with private equity-backed NEO Energy.
BP shifts further to oil and gas
BP CEO Murray Auchincloss has implemented a hiring freeze and halted new offshore wind projects, shifting the company's focus back to oil and gas.
Var Energi extends gas deal with Eni for 12 years
Norway’s Var Energi has extended the long-term contract for delivering up to 5 bcm of gas to Italy’s Eni over a 12-year period.
Var Energi, Aker BP make discoveries off Norway
Norwegian explorers Var Energi and Aker BP last week made oil and gas discoveries in the North and Barents Seas respectively off Norway.
Germany breaks ground on first land-based LNG terminal
Germany has kicked off the construction of its first land-based LNG terminal at Stade's inland port, with operations set to begin in 2027, according to the project company Hanseatic Energy Hub.
Fitch affirms KMG International at B+/stable, propped up by Kazakh parent
International rating agency Fitch affirmed the rating for Dutch-registered KMG International (KMGI), which has Romanian refineries Rompetrol (BVB: RRC) as its main assets, at B+ with a stable outlook.
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