EurOil - Europe Oil & Gas

4 September 2024

Greece to carry on investing in gas while predicting 70% decline in demand by 2050

3 September 2024

Greece’s revised National Climate and Energy Plan forecasts a near 70% decline in natural gas demand by 2050, but still expects significant investments in gas infrastructure, gas-fired generation and domestic production in the nearer term.

Ukrainian gas storage may prove crucial for European traders as Russia transit deal nears end

3 September 2024

Ukraine's gas storage facilities could become increasingly valuable to European traders as the transit contract between Ukraine and Russia nears its expiry.

BlueNord suspends output guidance at Denmark's Tyra field

3 September 2024

Norway's BlueNord has once more suspended its output guidance to reflect slower-than-expected production growth at Denmark’s Tyra gas field.

Phillips 66 secures planning approval for carbon capture at Humber refinery

3 September 2024

Phillips 66 has secured planning approval to install a carbon capture plant at its Humber refinery in the UK.

TotalEnergies to power UK's Culzean platform with wind

3 September 2024

TotalEnergies has launched a pilot project to install a floating wind turbine near one of its UK North Sea platforms to reduce the facility’s emissions from power generation.

Gazprom back in black in H1 after suffering loss in 2023

3 September 2024

Russia’s traditional cash cow is once more generating profit after a disastrous performance last year.

Hungary warns of significant challenge caused by Kyiv's sanctions on Lukoil oil

2 September 2024

Hungary faces a significant challenge following Ukraine's suspension of Lukoil’s oil supplies via its territory.

Germany set to extend trusteeship over Rosneft assets

2 September 2024

The German government plans to extend the trusteeship of Rosneft’s stake in the Schwedt oil refinery and the Russian company’s other assets in Germany.

Lofty EU hydrogen goals unlikely to be met

2 September 2024

The EU has placed a lot of faith in green hydrogen as a means to decarbonise its economy, but there is doubt about whether Brussels’ ambitious goals can be delivered on.

Hungary's gas deliveries guaranteed for long term, chief diplomat says in St Petersburg

2 September 2024

Hungary is ready for the heating season and natural gas supplies are being maintained from the south, Peter Szijjarto, Minister of Foreign Affairs and Trade, said in St Petersburg on August 30 after talks with Aleksei Miller, CEO of Russia's Gazprom.

Serbia to receive Azerbaijani gas this winter, says foreign minister

2 September 2024

Serbia will have access to Azerbaijani gas this winter, Serbian Minister of Foreign Affairs Marko Duric announced during the first day of his official visit to Baku on September 1.

Ukraine secures €200mn loan to purchase gas reserves from EU

2 September 2024

Ukraine will borrow €200mn from the European Bank for Reconstruction and Development (EBRD) to purchase gas from the EU, the state energy company Naftogaz has announced.

Czech state energy utility completes takeover of gas distribution network GasNet

30 August 2024

The majority state-owned Czech energy utility CEZ has completed the 55.21% share in the gas distribution network GasNet.

China claims accident caused damage to Baltic Sea gas pipeline

29 August 2024

Finland and Estonia are continuing their investigation into serious damage that occurred in October 2023 to their jointly-operated Balticconnector gas pipeline that rests on the floor of the Baltic Sea.

Orlen to receive fuel from Czech state reserves after WWII bomb shutters its Litivnov refinery

29 August 2024

The WWII bomb found in the Litvinov plant weighs 250 kilogrammes and includes 100 kilogrammes of explosives.

Greece buys spot LNG cargo as renewables struggle in region

29 August 2024

Greece has purchased a spot LNG cargo to be delivered to its Revithoussa terminal.

Qatar in talks to buy Rosneft stake in Germany's Schwedt refinery

28 August 2024

Qatar is in negotiations with Germany over the potential purchase of Russian oil giant Rosneft’s majority stake in the German Schwedt oil refinery that Berlin placed under trusteeship in 2022.