EurOil - Europe Oil & Gas
Srbijagas' profit drops by a third in 2024
Eni and YPF ink deal giving Argentina LNG a roadmap to FID
Italian energy giant Eni and Argentinian energy firm YPF have inked an agreement for participation in the Argentina LNG project.
Serbia plans to build two gas pipelines in next three years
Serbia will construct two new gas pipelines over the next three years as part of a broader push to modernise its energy infrastructure and reduce reliance on Russian energy supplies.
BP's $2.9bn FID in Azerbaijan won't mean higher exports
Hopes are slim that Azerbaijan will be able to ramp up gas supply to Europe to 20 bcm per year as targeted for a number more years.
US investor Lynch in talks with Germany on taking over Nord Stream 2
Before relocating to Miami in 2019, Lynch lived in Moscow for two decades. During this time, he was involved in significant financial dealings, including the acquisition of a subsidiary of Yukos in 2007 and the Swiss division of Sberbank in 2022.
Canada's Grand Tierra sheds North Sea business to NEO for $7.5mn
Canadian energy firm Gran Tierra Energy has agreed to sell its UK North Sea subsidiary to NEO Energy for $7.5mn.
EU mandates role for oil, gas producers in reaching CCS target
European oil and gas producers could be mandated to play a key role in achieving the EU’s 2030 target of at least 50mn tonnes of annual CO2 injection capacity under the Net-Zero Industry Act.
Centrica strikes 5 bcm per year gas deal with Equinor
UK energy group Centrica has signed a $27bn agreement with Norway’s Equinor to deliver 5bn cubic metres of natural gas annually to the UK for the next decade.
Hungary’s MVM joins $2.9bn Shah Deniz gas project in Azerbaijan
Hungarian state-owned energy group MVM has secured a 5% stake in the next phase of Azerbaijan’s flagship Shah Deniz gas field, joining a $2.9bn development led by BP.
Boss of Turkish fuel retailer Teco arrested as part of Imamoglu operation
Regime says it's targeting "tentacles" of "octopus-like" crime syndicate under Istanbul mayor. Critics scoff at bogus investigation aimed at removing political threat to Erdogan.
Slovenia’s Petrol seeks €68.6mn compensation over fuel price regulation
Slovenian energy company Petrol has filed a proposal with the State Attorney's Office seeking €68.6mn in damages for losses allegedly caused by the government’s regulation of fuel prices between June 2022 and June 2024.
BP hires US oil veteran as executive director
BP has appointed David Hager, a respected oil industry executive, as a non-executive director, effective on June 2.
EU on track to cut gas imports by 25% by 2030: IEEFA
The EU is on course to reduce its gas imports by around 25% by 2030, according to forecasts published by the Institute for Energy Economics and Financial Analysis.
France, Belgium resist call to give up Russian LNG
France and Belgium have expressed strong reservations about the European Commission's proposed ban on imports of Russian LNG by 2027.
IGU on LNG risks and opportunities
Hungary's MOL signs onshore exploration agreement with Azerbaijan's SOCAR
MOL has signed key terms for an exploration, development and production sharing agreement with Azerbaijan’s state oil company SOCAR for the Shamakhi-Gobustan region of the country.
Russia’s Gazprom has quietly shelved Turkey gas hub plan, says report
Project praised by Putin no longer seen as viable, sources at energy giant cited as saying.
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