EurOil - Europe Oil & Gas

Equinor drills a duster near Heidrun

Equinor and its partners have drilled a dry wildcat well in the Norwegian Sea, failing to find commercial volumes of hydrocarbons in the Heidrun Cellar SE prospect.

Scotland's THREE60 scores support deal with Norway's Var Energi

Aberdeen-based THREE60 Energy has secured a four-year project support agreement with Vår Energi for work on the Norwegian continental shelf.

US licences for Serbia’s NIS set to expire as talks on Russian stake drag on

Two licences issued by the US Treasury’s Office of Foreign Assets Control (OFAC) allowing Serbia’s oil company NIS to operate and to continue negotiations over the sale of the Russian stake expire at midnight on June 16.

Serbia signs NIS management deal with MOL, expects US licence extension

The Serbian government and Hungary’s MOL have signed a shareholder agreement on the future management of oil company NIS, as Belgrade seeks to secure the refinery’s operations under US sanctions.

Norwegian oil firm Aker BP expands digital drilling surveillance system

Aker BP is expanding the use of DrillDocs’ CleanSight digital shaker surveillance system across its contracted rig fleet on the Norwegian continental shelf.

Dutch subsea provider N-Sea names new CEO

Dutch subsea services provider N-Sea Group has appointed former COO Pim Nelemans as its new CEO, following the departure of Martin Adler from the role.

UK's Synergia gives up stake in North Sea carbon storage licence

Synergia Energy plans to relinquish its 50% interest in the CS019 Camelot carbon storage licence in the UK Southern North Sea, citing uncertainty over legacy well integrity and the commercial outlook for the project.

Norway's Equinor drops 2030 renewables target while intensifying focus on oil and gas

The Norwegian firm has raised its oil and gas outlook.

New initiative launched to redirect Gulf energy flows away from Strait toward Mediterranean

Syria envisioned as key cog in new energy distribution network.

Australia's Worley wraps up FEED work for UK sustainable aviation fuel project

Alfanar said completion of FEED marked a major milestone for the project.

UK intercepts Russian shadow fleet oil tanker in the English Channel

The UK has intercepted an oil tanker travelling through the English Channel in what appears to be its first direct seizure of a vessel it links to Russia’s so-called shadow fleet.

Bosnia gas pipeline risks deepening political rifts, think-tank says

A planned EU-backed gas pipeline linking Bosnia & Herzegovina to Croatia could intensify political divisions within the country rather than easing its energy vulnerabilities.

European gas prices fall on US-Iran peace deal announcement

European natural gas prices fell sharply on June 15 after the US and Iran reached a preliminary framework agreement aimed at ending their conflict and reopening the Strait of Hormuz.

Swiss firm ABB bags contract to modernise Buzzard oil platform in UK North Sea

Zurich-based industry group ABB has secured a contract to modernise automation and control systems on the Buzzard offshore platform in the UK North Sea.

Croatia completes section of Zabok-Lučko gas pipeline

Croatia has completed work on a section of the Zabok-Lučko main gas pipeline, part of a broader expansion of its gas transport network.

Union Jack receives non-binding takeover offer from fellow UK oil explorer Reabold

Union Jack Oil has confirmed it received a non-binding indicative offer from fellow London-listed junior Reabold Resources for a possible all-share takeover of the company.

NATO flags up Russian drone risks to Romania's Neptun Deep gas project

The concerns were discussed at a closed meeting of ambassadors from NATO’s 32 member states on June 10.

BP, SOCAR apply tech to boost recovery at Azerbaijan's giant ACG oil project

UK oil major BP and Azerbaijan’s national oil company SOCAR have outlined the technologies used to maximise recovery at the ACG oil project in the Caspian Sea offshore Azerbaijan.

Italy's Saipem announced sail-away for jacket for Neptun Deep gas project off Romania

The Italian engineering, drilling, and construction services company said the jacket had departed from its Arbatax yard in Sardinia after the completion of load-out operations.

Equinor and partners eye fourth phase at Norway's biggest oilfield

Equinor is preparing a fourth phase at Johan Sverdrup after appraisal drilling confirmed new oil volumes that could help sustain output from Norway’s largest producing field.

Kazakhstan to auction 30 exploration blocks with estimated 9bn BOE potential

Kazakhstan’s Ministry of Energy will reportedly auction 30 oil and gas exploration blocks on July 29, offering acreage with an estimated hydrocarbon resource potential of more than 9bn barrels of oil equivalent (BOE).

Turkey set to take $14bn hit from Hormuz crisis

Think tank Ember calculates cost to Ankara of energy shock caused by Iran war.

Turkmenistan would risk offending Russia for 30 bcm of Trans-Caspian gas, but likely not 10 bcm, says analyst

Turkmenistan would risk upsetting gas export rival Russia for a 30-bn cubic metre (bcm) Trans-Caspian Pipeline (TCP) but likely not for a 10-bcm TCP, according to an energy analyst.

Bulgaria secured Lukoil waiver in exchange for hosting US aircraft, former minister says

London court concludes hearings on Nord Stream insurance dispute

A London court has concluded hearings in a dispute over insurance payouts to the operator of the Nord Stream gas pipelines following the 2022 explosions in the Baltic Sea.

UK's EnQuest shifts its focus from homeland to Malaysia

UK-based EnQuest has agreed to acquire interests in four offshore production sharing contracts in Malaysia, in a deal that would more than double its production and shift most of its output to Southeast Asia.

Trading arm of Ukraine's DTEK receives US LNG at Dutch terminal

D.TRADING, the trading arm of Ukraine’s DTEK, has delivered a US LNG cargo to the Gate terminal in Rotterdam, expanding its role in Europe’s gas market.

Serica continues UK North Sea expansion

London-listed Serica Energy has expanded further in the UK North Sea, acquiring producing interests from Dutch player ONE-Dyas that will add around 2,500 barrels of oil equivalent per day to its portfolio.

Junior oil producer UKOG exits UK onshore

UKOG announced on June 12 it had agreed to sell its entire 85.6% interest in the Horse Hill oilfield and surrounding PEDL137 licence in Surrey, England, to Aquis-listed energy B for £1mn in cash.

Shell pauses $3bn buyback programme

Shell has paused its $3bn share buyback programme after the publication of ARC Resources’ shareholder circular triggered related securities law requirements.

Germany to launch fourth and final LNG terminal in September

Germany plans to commission a floating LNG regasification terminal at Stade in Lower Saxony in September.

Greece’s Atlantic-SEE LNG doubles purchase volume from Venture Global

Venture Global has agreed to double its supply volume to Atlantic-SEE LNG from its existing sales and purchase agreement.

MOL completes talks with Serbia on NIS sale

MOL Group has concluded negotiations with the Serbian government on a shareholder agreement related to the potential acquisition of a majority stake in Serbia’s Russian-owned oil company NIS.

Kazakhstan faces calls for higher oil exports amid supply concerns

Kazakh Energy Minister Yerlan Akkenzhenov said on June 10 that Kazakhstan is facing requests from international partners to increase crude oil exports despite production constraints linked to the OPEC+ agreement.