EurOil - Europe Oil & Gas
ExxonMobil scraps plans for UK CO2 pipeline
ExxonMobil has abandoned plans to lay a pipeline to transport CO2 from its Fawley oil refinery near Southampton to a storage site under the English Channel.
Slovakia signs memoranda with Ukraine as Russian gas transit deal is nearing expiry
In the summer, Fico threatened to stop sending diesel fuel to Ukraine in response to the halting of Lukoil’s crude oil transit through Ukraine following Kyiv’s tightening of sanctions on the Russian oil giant.
ExxonMobil to move ahead with job cuts at French refinery after striking deals with unions
US oil major ExxonMobil is pressing on with planned job cuts at its refinery at Port Jerome in north France after striking a majority deal with unions.
Equinor reports on cost rises at key Norwegian projects
Equinor has reported cost increases at some of the 19 projects it is developing as operator in Norway.
Serbia signs MoU with North Macedonia for gas interconnector
Serbia has taken another step to diversify its energy supply by agreeing a plan for a pipeline to link to the liquefied natural gas terminal in Alexandroupolis, Greece.
Europe gas storage sites near full capacity
The EU’s natural gas storage facilities are nearly filled to the brim, well ahead of the official start of the winter heating season on November 1.
BP reportedly drops plan to cut oil and gas output by 2030
BP has dropped its previous commitment to cut oil and gas production by the end of the decade.
Eni wraps up Ithaca deal in UK
Italian energy giant Eni announced last week it had finalised the sale of its upstream assets in the UK, excluding its interests in the East Irish Sea and CCUS projects, to Ithaca Energy.
Serbia and North Macedonia sign memo for joint gas pipeline project
Serbia and North Macedonia signed a memorandum of understanding on October 7 for the joint construction of a gas pipeline, marking a significant step towards regional energy cooperation.
Slovakia boosts arms exports to Ukraine but seeks to maintain Russian gas transit
In addition to arms exports, Fico's government has another focus – ensuring the continuation of Russian gas transit through Ukraine after the current agreement with Gazprom expires at the end of 2024.
Istanbul-listed refiner Tupras invests in two green hydrogen startups based in US and Canada
UK government pledges GBP22bn in funding for CCS projects
The Labour government of Sir Keir Starmer has committed to providing GBP21.7bn in funding for two carbon capture and storage projects that will launch the new industry in the UK’s northern industrial towns of Teesside and Merseyside.
EurOil: Greece brings Alexandroupolis FSRU on stream
Europe is trying to reduce its dependence on Russia, but imports of gas and fertiliser on the rise in 8M24
Europe is trying to reduce its dependence on Russian inputs, but imports of piped gas, LNG and fertilisers have ballooned in the first eight months of this year.
Former Italian PM sets out gas policy recommendations to bolster EU competitiveness
Italy’s former prime minister Mario Draghi has called on the EU to move away from short-term spot price-based gas purchases and strike longer-term contracts with suppliers in order to improve the bloc’s economic competitiveness.
Oil prices jump 5% after Biden comments on potential Israel-Iran escalation
Crude oil prices surged 5% on October 3 after President Joe Biden said the United States was "discussing" the possibility of Israel striking Iran's oil industry.
Hungary’s MVM set to acquire E.ON’s energy supply operations in Romania
E.ON had previously engaged in negotiations with Romgaz and OMV Petrom, but MVM later emerged as the likely buyer.
UK becomes first major economy to end coal power use
The 2,000-MW Ratcliffe-on-Soar power plant in Nottinghamshire finished its final shift at midnight on September 30.
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