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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Read a recent issue [click the image below]
Croatia caps fuel price rise as oil market volatility persists
Croatia's government has again intervened to limit increases in fuel prices, Prime Minister Andrej Plenković said on July 16, citing rising global oil prices linked to tensions affecting shipping through the Strait of Hormuz.
Russia's diesel export ban squeezes Turkey as Ukrainian strikes and Iran war compound supply crisis
Turkey is facing acute fuel supply pressure after Russia suspended diesel exports to all markets until the end of July, compounding disruption from Ukrainian attacks on Russian refineries and Iranian strikes on Gulf refining capacity.
Iraq and Turkey plan joint investment fund as Baghdad courts US over energy deals
Iraq plans to establish a joint investment fund with Turkey to finance development projects, Prime Minister Ali Al-Zaidi announced during talks with Turkish Energy Minister Alparslan Bayraktar in Baghdad last week.
Norwegian oil producer Aker BP reports hike in costs at two key projects
The company raised its production guidance for the year, however.
Aberdeen-based oil service provider Unity scores first major Asia-Pacific contract
The companies will deploy Unity’s proprietary surface intervention system for an unnamed international offshore operator.
Italy's Adriatic LNG terminal kicks off open season for LNG regas capacity
Italy’s Adriatic LNG terminal has launched an open season for medium and long-term regasification capacity between 2029 and 2051.
EU gives conditional sign-off for Baker Hughes' $13.6bn takeover of Chart Industries
The European Commission has conditionally approved Baker Hughes’ $13.6bn acquisition of Chart Industries after the companies agreed to divest LNG technology assets and preserve access for rival equipment suppliers.
France's CMA CGM completes biggest bio-LNG bunkering operation to date
TotalEnergies supplied the fuel using its LNG bunkering vessel.
Kashagan operators face July 20 deadline to pay $4.9bn environmental fine
Foreign consortium members operating Kazakhstan's Kashagan oil field must reportedly pay a KZT 2.3 trillion ($4.9bn) environmental fine by July 20 following a court ruling that has entered into legal force.
Denmark's Topsoe, South Africa's Sasol to equip Allied Biofuels' planned $6bn SAF biorefinery in Uzbekistan
Danish company Topsoe and South African group Sasol have signed licensing agreements with Uzbekistan's Allied Biofuels to supply core technologies required for a planned $6.1bn SAF and eSAF biorefinery.
TotalEnergies divests distributed solar business to focus on larger scale
TotalEnergies has sold its European distributed solar business as it concentrates renewable investment on larger utility-scale projects.
Netherlands' Fugro secures deal with Saipem for marine services for UK's first CCS project
Fugro did not disclose its value or duration.
Norwegian oil strike after big hit to production
A month-long Norwegian oil-service dispute ended on July 14, averting an expected rise in oil and gas production losses to around 120,000 barrels of oil equivalent per day by late July.
IEA chief urges EU to rethink opposition to Arctic oil and gas development
IEA head Fatih Birol has urged the EU to reconsider its opposition to new Arctic oil and gas development, arguing that maintaining Norwegian supply will become increasingly important to European energy security.
Harbour Energy wraps up $163mn takeover of Waldorf assets in UK North Sea
UK oil and gas group Harbour Energy has completed its $163mn acquisition of substantially all the UK subsidiaries of Waldorf Energy Partners and Waldorf Production, strengthening its position in the UK North Sea.
Var Energi cleared to drill two Norwegian wildcat wells
The regulator announced on July 13 that it had issued permits for wellbores 35/6-7 S in production licence 929 and 25/8-24 S in production licence 1203.
UK's James Fisher and Aquaterra Energy form offshore services partnership
The UK’s James Fisher and Sons and Aquaterra Energy have formed a global partnership to offer offshore oil and gas operators an integrated service spanning early engineering, well abandonment, subsea work and infrastructure removal.
BP expects big earnings bump in Q2 on US-Iran war fallout
BP expects a sharp second-quarter earnings boost as the Iran war drove up oil prices and refining margins, while its oil trading performance improved further from an exceptionally strong first quarter.
Norway's DOF secures $100-200mn contract for offshore services
Norwegian offshore services provider DOF has received a letter of award for a four-year contract valued at between $100mn and $200mn.
Norway's DeepOcean wraps up decomm work in UK North Sea
Oslo-based DeepOcean has completed subsea decommissioning work at UK operator Spirit Energy’s Seven Seas and Grove West fields in the southern North Sea off the UK ahead of a planned rig campaign.
European gas prices surge amid renewed US-Iran hostilities
European gas prices have soared this week amid renewed US-Iran hostilities, driving up costs for restocking supplies ahead of next winter.
Gazprom reports drone strike on compressor station serving Russia's Blue Stream gas pipeline
The station was attacked at 19:51 local time on July 7, Gazprom said. The company did not disclose the extent of the damage, adding that emergency work was under way.
Russian refining down to record lows, LNG exports to Europe at record highs
Russia’s crude output declined to the lowest in at least two and a half years in June as Ukraine attacked the nation’s oil infrastructure on an almost daily basis. But LNG production remains untouched and exports to Europe are at record highs.
Shell delivers US LNG cargo to Bulgargaz for winter storage
UK-based energy company Shell has delivered a cargo of US LNG to Bulgaria's state-owned gas supplier Bulgargaz via the Alexandroupolis LNG terminal in Greece.

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