Region: Europe Category: Oil and Gas Frequency: Every Thursday
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About: EurOil analyses key trends such as the influx of private equity into the North Sea and how it is shaping the basin's future. The monitor also provides key insight on major trends such as decommissioning and the development of frontier regions like West of Shetland. Midstream developments also take prominence, with deep analysis of the region's gas needs and how they will be met in the future.
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Slovakia seeks talks with EU on extending Russian gas imports beyond 2027
Slovakia plans to negotiate with the European Commission over extending imports of Russian natural gas beyond the European Union's 2027 phase-out deadline.
Framo signs major Brazil’s Petrobras deal covering 30 offshore platforms
Norwegian pump manufacturer Framo has secured a four-year agreement to service pumping equipment across approximately 30 floating production, storage and offloading vessels (FPSOs) operated by Brazil’s Petrobras.
World powers cannot let Black Sea become new front in Russo-Ukrainian war, says Turkey’s foreign minister
World powers must not allow the Black Sea to be turned into a new front in the Russo-Ukrainian War, Turkish Foreign Minister Hakan Fidan said on October 8.
Polish power groups and KGHM agree to cooperate in critical infrastructure security
Poland's four major power groups - Orlen, Enea, PGE and Tauron - and copper producer KGHM signed an agreement on October 7 on cooperation in the field of critical infrastructure security, aimed at faster threat detection.
Halliburton rules out work on the Falklands’ Sea Lion project, drilling to begin in early 2027
US oilfield services company Halliburton has ruled out any involvement in the Sea Lion oil project near the Falkland Islands, saying it has consulted Argentine federal authorities over potential criminal and civil enforcement.
EIA raises Azerbaijan 2027 oil output forecast to 530,000 barrels a day
The US Energy Information Administration (EIA) forecasts Azerbaijan's average oil production in 2027 at 530,000 barrels a day, up 10,000 barrels a day from its September projection of 520,000 barrels a day.
Polish fuel trader Unimot creates defence hub around PZL Sędziszów, plans its IPO
Warsaw-listed fuel trader Unimot announced on October 6 a plan to build an integrated defence group around newly acquired company PZL Sędziszów and ultimately float it on the Warsaw Stock Exchange.
Turkey stands to significantly gain from oil pact with Iraq, say analysts
Turkey stands to make significant gains from an anticipated oil pact with Baghdad that replaces a decades-old deal governing Iraq’s northern crude exports, according to quoted analysts.
Centrica, Ksi Lisims LNG enter HoA for long-term LNG supply
The UK’s Centrica Energy has entered into a heads of agreement to buy 1mn tonnes per year of LNG from the proposed Ksi Lisims project in Canada.
Apache workers back UK North Sea strike as Forties disruption risk disputed
More than 160 offshore workers employed by Apache have backed strike action in a pay dispute covering seven UK North Sea installations.
Norway’s Aker BP reshapes management around exploration-to-production value chain
Aker BP has appointed a new executive management team from the start of next year, as part of a reorganisation aimed at accelerating project development and reducing costs.
Orcadian loses US partner for offshore UK gas-to-data-centre project
UK upstream developer Orcadian Energy and an unnamed US data-centre company have abandoned plans to jointly develop the Earlham Gigagrid.
Halliburton rules out Sea Lion work as Argentina raises legal pressure
The company said Argentine authorities had raised questions over the potential criminal and civil enforcement of existing legislation, proposed new laws and regulations governing companies’ eligibility to contract in Argentina.
Norway’s Reach Subsea extends Deep Cygnus charter through March 2028
Norway’s Reach Subsea has exercised a one-year option to extend the charter of the Deep Cygnus subsea construction vessel through March 2028.
Singapore’s Seatrium wins ninth Karpowership FSRU conversion
Singapore’s Seatrium has secured a contract from Karpowership to convert the LNG carrier LNGT Akdeniz into a floating storage and regasification unit (FSRU), marking the ninth such project between the companies.
ConocoPhillips eyes the door after six decades in Norway
ConocoPhillips is weighing a potential exit from Norway after receiving an unsolicited bid for its upstream business and Teesside terminal.
Eni extends fuel discounts to Italian agriculture and fishing sectors
Italy’s Eni has extended its fuel-price relief programme to the country’s agriculture and fishing sectors as high energy costs continue to pressure businesses and consumers.
France pushes emergency oil release as G7 responds to diesel squeeze
France proposed releasing 50mn barrels of crude and 50mn barrels of diesel from European strategic stocks as governments sought to contain soaring fuel prices and head off threatened US restrictions on diesel exports.
Three ships collide off Norway’s coast, including chemical tanker Xanthia
A chemical tanker and two cargo ships collided in a narrow fjord near Ålesund on Norway’s west coast early on October 4, triggering a major emergency response but causing no injuries or pollution.
Poland's Orlen puts windfall fuel tax charge at PLN2bn (€456mn) for March-August
Poland's largest energy group Orlen said on October 2 that it estimated its liability under the new windfall tax on fuel profits at PLN2bn (€456mn) for the March–August 2026 period, as President Karol Nawrocki signed the legislation into law.
Croatia seeks stronger role in Central European energy security, Plenkovic says
Croatia aims to strengthen its role in securing energy supplies for central Europe by expanding gas infrastructure around its liquefied natural gas terminal on the Adriatic island of Krk, Prime Minister Andrej Plenkovic said on...
MOL fails to secure licence for share swap deal involving the private equity fund of Istvan Tiborcz
UK sanctions eight vessels and Novatek trading arm over Russian LNG shipments
The UK has sanctioned eight vessels linked to Russian LNG transportation and Novatek's Singapore-based trading subsidiary, as London steps up restrictions on the shipping network supporting Russian gas exports.
Netherlands’ Gate LNG expansion lifts capacity to 20 bcm per year
Dutch gas infrastructure operator Gasunie and storage group Royal Vopak have completed a three-year expansion of the Gate LNG import terminal in Rotterdam, increasing its regasification capacity by 25% to 20 bcm per year.
US extends sanctions waiver for Serbian oil company NIS
The US has extended a licence allowing NIS to continue operating until October 30, giving MOL more time to pursue a deal to take over the Russian-controlled stake in the refiner.
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