EurOil - Europe Oil & Gas
Longboat wraps up Norwegian sale, focuses on Malaysia
London-listed Longboat Energy reported on July 15 it had completed the sale of its Norwegian business for $2.5mn, as it looks to shift its focus to assets in Malaysia.
The world needs $8.2 trillion in upstream gas investment to meet demand in 2050: GECF
Meeting projected global demand for natural gas in 2050 will require some $8.2 trillion in investment in exploration and production.
Snam expects new Italian FLNG online in March 2025
Italian gas infrastructure operator Snam announced on July 12 that it expected a new floating LNG terminal to be up and running by March 2025.
Russia's Sovcomflot suffers disruptions with LNG tanker fleet amid sanctions
The EU has placed Sovcomflot and its tankers under restrictions in its 14th package of sanctions against Russia.
Glencore to supply Prax's UK Lindsey refinery with oil exclusively
Commodities trading giant Glencore has signed a deal to exclusively supply oil and associated feedstocks to Prax Group’s 113,000 barrel per day Lindsey oil refinery in the UK.
BP predicts 40% rise in LNG demand by 2030
UK supermajor BP forecasts that global demand for LNG will climb by as much as 40% by the end of the decade in comparison to 2022 levels, the company stated in its 2024 energy outlook.
Global LNG trade rises by 3.1% in 2023
Global LNG trade climbed 3.1% last year with an average of 52.9bn cubic feet per day a report released by the International Group of Liquefied Natural Gas Importers revealed.
Romgaz’s €500mn bond issue scheduled for September in Luxembourg
The inaugural bond issue of Romanian state-controlled natural gas company Romgaz (BVB: SNG), of €500mn is scheduled for September this year, announced Romgaz CEO Răzvan Popescu.
Bulgaria moves ahead with €400mn Gazprom lawsuit
Bulgarian state-owned gas company Bulgargaz announced the start of an arbitration process against Russian natural gas giant Gazprom, seeking compensation of €400mn for halted gas supplies in 2022.
Bulgaria sues Gazprom for €400mn over halted gas supplies
Bulgaria’s state-owned gas transmission company Bulgargaz said on July 9 it has filed a lawsuit against Russian Gazprom, seeking €400mn in damages due to halted gas supplies.
Shell agrees to 10-year LNG supply deal with MET Group
Supermajor Shell has reached an agreement with European energy firm MET Group to supply the Switzerland-headquartered company with LNG from its US operations for a 10-year period.
Hungary’s MOL reportedly targets Lukoil’s Romanian assets
The Hungarian state-controlled MOL reportedly discussed with the Russian Lukoil the option of purchasing some of the latter’s assets in Romania, including the participation in an offshore project in the Black Sea (Trident) and Petrotel refinery.
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