EurOil - Europe Oil & Gas
JT Grup’s shares down 20% from discounted IPO price after first day on Bucharest exchange
The shares of JT Grup, a company involved in petroleum product distribution and port operations dropped by 20% compared to the price paid by the investors in the €4mn IPO earlier last year after the first day of trading at Bucharest Exchange.
There is something fishy about the Ukraine sanctions on Lukoil's deliveries to Hungary and Slovakia
Ukraine's recent partial restriction on the operation of the Russian Druzhba oil pipeline has sparked a big row between the war-torn country and Hungary and Slovakia who say they have been cut off from their Russian oil supplies.
EU launches probe into Cypriot LNG project
The EU has launched a probe into corruption surrounding Cyprus’ trouble-stricken LNG import project, as it seeks to reclaim a grant issued to the island’s government to support the investment.
What makes Russian gas Russian? How Azerbaijan’s gas transit through Ukraine would likely work
Likely, any Azeri gas that does flow through Ukraine after this year will be Azeri in name only, with the molecules originating in Russia.
Hungary rules out oil imports via Croatia
Hungarian Foreign Minister Peter Szijjarto on August 2 ruled out securing oil supplies from Croatia as a replacement for lost shipments from Russia’s Lukoil via Ukraine, citing high transit fees.
Azerbaijan starts gas supplies to Slovenia
Azerbaijan's state-owned oil and gas producer SOCAR began gas supplies to Slovenia on August 1, as the company continues to expand its foothold in the European market.
Austria to phase out Russian gas imports by 2027
Austria’s ruling coalition has agreed to halt imports of Russian natural gas by 2027 as part of a new security strategy, as reported by the Kurier newspaper on August 5.
Hungary reacts angrily to European Commission’s call to reduce dependency on Russian oil
Hungary’s rude rejection of Croatia’s oil transit offer angers Zagreb
Croatia offered to transport oil to refineries in Hungary and Slovakia after Ukraine blocked Lukoil exports via Druzhba pipeline, but was rejected as "not reliable" by Hungary's foreign minister.
JT Grup floats its shares at Bucharest Exchange after €4mn IPO
Fuel distributor and port operator JT Grup Oil, which is building the newest private terminal for petroleum products in the port of Constanta, will list its shares at Bucharest Stock Exchange on August 6.
US LNG exports shift from Europe to Asia in July
US LNG exports are increasingly being bought up by Asian purchasers at the expense of European buyers data for July deliveries revealed.
Turkey hikes gas prices by 38% for households
EU urges Hungary and Slovakia to cut their dependency on Russian oil
Brussels says that oil supplies to the two countries are not at immediate risk from Ukraine's tightening of sanctions on Lukoil.
Serbia to begin expansion of Banatski Dvor gas storage facility
Serbia is set to begin the long-awaited expansion of the Banatski Dvor natural gas storage facility in October 2024, with the project expected to be completed within a year and a half.
Slovenia's Geoplin seals first natural gas supply deal with Azerbaijan's SOCAR
Slovenia's leading gas wholesaler, Geoplin, said on August 1 it has concluded its first natural gas supply agreement with Azerbaijan’s energy giant SOCAR.
OMV Petrom’s net profit nearly triples y/y in H1
The Romanian energy group OMV Petrom (BVB: OMV) announced its net profit surged 2.8-fold to RON2.63bn (€530mn) despite its revenues from sales edging down by 3% y/y to RON17.25bn (€3.47bn).
Gas consumption in Czechia fell by 8% y/y in H1
Scottish LNG project clears milestone
Romania’s Nuclearelectrica ponders 100 MW gas-fired power unit
Romania’s nuclear power group Nuclearelectrica is considering investing in a power generation unit with combined cycle gas turbines with a power of approximately 100-120 MW.
Trillion reports mixed well perforation results off Turkey
Canadian oil and gas firm Trillion Energy has reported mixed results from well perforations at the SASB natural gas field in the Turkish Black Sea.
European gas prices climb on Middle East tensions
European natural gas prices climbed at the start of this week, amid heightened Middle Eastern tensions following a rocket strike in the Golan Heights and reduced wind speeds that led to higher gas-for-power demand.
TotalEnergies presses on with plan to list in New York
French oil and gas major TotalEnergies is continuing work towards listing itself in New York to attract more US investment, CEO Patrick Pouyanne said in an earnings call on July 25.
Uniper produces first bio-LNG at Dutch Gate terminal
German energy utility Uniper announced on July 30 it had become the first shipper to produce bio-LNG at the Gate terminals in Rotterdam.
UK gas network ready for 100% hydrogen, study says
The UK natural gas network is now ready to supply clean hydrogen as a fuel for homes and industry.
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