EurOil - Europe Oil & Gas
Transgaz gets funding for Romanian gas system development
Romania’s position in the EU as a gas supplier is expected to be key by the end of this decade. Not only will it be producing gas from the Black Sea, but it will also be an important transit hub with connections in Eastern Europe and beyond.
VTTI buys 50% stake in UK’s Dragon LNG terminal
Dutch energy infrastructure firm VTTI has acquired a 50% stake in the UK’s Dragon LNG terminal.
European gas traders reluctant to use Ukrainian storage this summer
European gas traders have used Ukraine’s substantial storage facilities for the fuel only sparingly this summer, in light of Russian attacks and ample supplies of stock already in the EU.
EurOil: UK government follows through on North Sea tax hike
UK plans new LNG import terminal in Scotland
The UK could soon be getting another LNG import terminal, with plans in the works for a proposed facility in Grangemouth, Scotland.
Hungary's MOL beats forecasts with solid Q2 earnings
Kyiv's capture of key border facility raises risk of early end to Russian gas transit via Ukraine
The capture of the Sudzha gas metering border station raises the risk of an early termination of Russian gas transit through Ukraine ahead of the expiry of Moscow and Kyiv’s long-term contract at the end of this year.
INA workers demand urgent pay raise
ING: LNG flows to Europe remain under pressure
European and Asian gas prices have remained well supported over the last month. Stronger Asian demand, supply disruptions and geopolitical risks in the Middle East have all provided support. However, US gas prices have come under renewed pressure.
Shell beats Q2 expectations
Shell's second-quarter results surpassed analysts' expectations, despite weaker performance across various segments compared to the first quarter of the year.
Germany takes record FIDs on green hydrogen projects
European green hydrogen developers made final investment decisions on five new plants in July, boasting a combined electrolysis capacity exceeding 450 MW.
Trafigura, Entara acquire French refinery from ExxonMobil
Rhone Energies, a joint venture between commodity trader Trafigura and energy infrastructure firm Entara, has agreed to acquire the Fos-sur-Mer oil refinery and the Toulouse and Villette-de-Vienne terminals in France from ExxonMobil’s ESSO unit.
UK government follows through on North Sea tax hike
The new UK Labour government has followed through on its commitment to hike the tax burden on North Sea oil and gas producers.
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