EurOil - Europe Oil & Gas
Turkey to sign agreement for oil and gas exploration fields in Pakistan soon, says minister
Turkey’s Energy and Natural Resources Minister Alparslan Bayraktar has announced that Ankara will soon sign an agreement for oil and gas exploration fields in Pakistan that it previously secured through a tender.
Europe nears end of summer with strong gas fundamentals
But stakeholders remain watchful as the region prepares for the looming winter season.
Black Sea set to be Europe's next big source of fresh gas supply
The Black Sea is set to become one of Europe’s most important new gas sources, with large deepwater discoveries reshaping the continent’s energy security despite the continuing conflict in Ukraine.
Greece's Alexandroupolis FSRU starts back up
Greek gas company Gastrade has resumed operations at its floating LNG terminal in Alexandroupolis after a technical fault forced a shutdown earlier this year.
Seatrium, Karpowership pen letter on converting LNG carriers into FSRUs
Singapore’s Seatrium has signed a letter of intent with Turkish floating power plant company Karpowership to expand their partnership into new floating energy projects.
UK offers gas storage licence to Snam unit
The UK’s North Sea Transition Authority has awarded a gas storage licence in the East Irish Sea to dCarbonX, a subsidiary of Italian infrastructure group Snam.
Norwegian oil and gas investment on track to peak this year
Norway’s oil and gas investment is set to peak in 2025 before falling back next year as a wave of major projects draws to a close.
Centrica to acquire Isle of Grain LNG terminal in $2bn deal
Centrica announced last week it would buy the UK’s Isle of Grain LNG terminal in Kent with US private equity firm Energy Capital Partners for $2bn.
Ukraine drone strike knocks out Russian oil supply to Hungary, Slovakia
Hungary and Slovakia are the only EU member states still heavily reliant on Russian crude.
Hungarian oil company MOL says supplies secure after drone attack on Druzhba pipeline
Hungary’s foreign minister Peter Szijjarto called the strike “unacceptable and shocking”, claiming it was the latest in a series of Ukrainian actions targeting Hungary’s energy security since the outbreak of the war.
UK’s Centrica buys Grain LNG terminal
British energy firm Centrica has agreed to purchase the UK’s largest LNG terminal, Grain LNG from electricity and gas utility National Grid for GDP1.7bn.
Serbia’s NIS is preparing for a state of emergency
Employees at Serbia’s state-linked oil and gas company, Naftna Industrija Srbije (NIS), have been instructed to prepare for operations under potential emergency or wartime conditions, according to an internal memo obtained by local news agency Beta.
Turkish-Azerbaijani consortium leads race for Lukoil’s Bulgarian assets
A consortium comprising Azerbaijan’s state energy company SOCAR and Turkey’s Cengiz Holding has emerged as the preferred bidder for the Bulgarian operations of Russia’s Lukoil.
Bulgaria’s Uni Energy to acquire NIS petrol network for over €30mn
NIS, majority-owned by Russia’s Gazprom and its subsidiary Gazprom Neft, is divesting its Bulgarian assets amid increasing pressure from secondary US sanctions.
Kazakhstan weighs Baku–Supsa pipeline option to diversify oil exports
Kazakhstan is exploring the possibility of transporting crude oil through the Baku–Supsa pipeline corridor running from Azerbaijan to the Georgian Black Sea coast as part of its strategy to expand export routes.
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