EurOil - Europe Oil & Gas
GECF bullish on natural gas as "integral" to energy mix for decades to come
“We are convinced now more than ever that natural gas is not just a bridge to the future. It is an integral part of the future,” GECF Secretary General Mohamed Hamel said.
EU proposes extending gas storage targets for another two years, member states seek flexibility
The European Commission proposed extending natural gas storage targets for another two years on March 5, meeting with resistance from some member states who have complained that the goals distort market prices and that greater flexibility is needed.
Kazakhstan to reduce crude oil shipments via CPC by 70% in March
Kazakhstan will reduce its crude oil shipments via the Caspian Pipeline Consortium (CPC) pipeline that runs to the Russian Black Sea coast by up to 70% in March, Deputy Energy Minister Alibek Zhamauov has said.
Romania, Hungary sign agreement on “security of natural gas supply”
Romanian Energy Minister Burduja signed on March 10 in Budapest with the Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó, the Agreement on “solidarity measures to ensure the security of natural gas supply.”
Ireland selects FSRU to create state emergency gas reserve
The Emerald Isle will proceed with the creation of an emergency state gas reserve through the use of a FSRU.
Oil tanker collides with containership in UK North Sea
More than 30 people have been brought ashore following a collision between an oil tanker and a cargo vessel in the North Sea near Hull on the morning of February 10.
TurkStream gas flow to Europe hits new record in February
The TurkStream, the last remaining pipeline flowing Russian natural gas to Europe, handled record volumes for another month in February, delivering 1.55 bcm.
Turkey’s oil output reached 132,000 b/d as of March 1, says energy minister
Turkey’s oil output reached 132,000 barrels per day (b/d) as of March 1, Energy and Natural Resources Minister Alparslan Bayraktar told state news provider Anadolu Agency on March 9.
Poland’s Orlen signs deal to supply Ukraine with LNG
The LNG will be transported from cargoes delivered to the LNG import terminal located in Klaipeda, Lithuania. The super-chilled fuel will then be transported through Lithuania and Poland before it reaches Ukraine via the Drozdovychi interconnector.
Vucic and Putin discuss US sanctions on NIS, new gas contact
Serbia, which maintains strong historical ties with Russia, has walked a delicate line between its allegiance to Moscow and its aspirations to join the EU.
Estonian foreign minister says ‘right place for Nord Stream 2 is at the sea bottom, in pieces’
Kazakhstan’s oil overproduction reportedly played decisive role in first OPEC+ output hike since 2022
Ukraine’s DTEK expected to sign LNG import deal by April
Ukraine’s biggest private energy firm DTEK is holding negotiations with a handful of suppliers over a two-year LNG import contract.
BP takes axe to renewables spending, refocuses on oil and gas
The UK oil major is making a radical shift in strategy.
Germany says not in talks with Russia on restarting Nord Stream 2, insists on independence from Russian gas
Shell eyes sale of chemicals plants in US, Europe
UK oil major Shell is exploring the potential sale of its chemicals assets in Europe and the US.
Norway's Castberg oil project suffers further delay
The launch of the Johan Castberg oilfield in the Arctic Barents Sea off Norway has been delayed once again owing to adverse weather conditions.
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