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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Hungary gives cautious response to Trump’s call to end Russian oil imports
Landlocked Slovakia and Hungary received temporary exemptions from the 2022 sanctions, and are the only countries still importing Russian crude via pipeline, after the Czech Republic rerouted supplies via the TAL pipeline this spring.
Serbia to sign new gas supply deal with Russia in October
Serbia, which imported about 3bn cubic metres of Russian gas in 2024, remains among the most energy-dependent countries in Europe.
Chevron eyes acquiring European regasification terminals
US supermajor Chevron has opened discussions to purchase regasification terminals in Europe.
World's leading producers continue output plans above Paris deal compatibility
Many of the world’s major fossil fuel producers plan oil, gas and coal extraction far beyond levels compatible with the Paris Agreement.
UK-Irish firm plans Irish Sea gas storage project
UK-Irish firm dCarbonX, majority-owned by Italian gas infrastructure developer Snam, plans to convert the decommissioned Bains gas field, about 27-30 km off the northwest English coast in Morecambe Bay, into a large-scale storage facility.
EU eyes full ban on deals with Russia's Rosneft and Gazprom Neft
The EU plans to impose a full ban on transactions with Russian state oil majors Rosneft and Gazprom Neft as part of its planned 19th package of sanctions.
EU weighs trade measures on Russian crude, while von der Leyen reportedly offers €550m to unlock frozen EU funds to sway Hungary
Gazprom transfers stake in NIS amid sanctions pressure
Russia’s Gazprom has exited ownership of Serbia’s oil company NIS, transferring its 11.3% stake to a little-known St. Petersburg-based joint-stock firm called Intelligence.
Serbia’s NIS seeks new US sanctions delay as Vucic warns reprieve unlikely
The US has already delayed the enforcement of sanctions six times.
EU plans to move forward Russian LNG import ban in new sanctions package
The EU is considering moving ahead one year its ban on Russian LNG imports to come into force at the start of 2027.
Delay in Paks II project raises import risks, analysts warned
Kazakhstan resumes oil exports via BTC after one-month suspension
Kazakhstan has resumed oil exports via the Baku–Tbilisi–Ceyhan (BTC) pipeline, which runs to Turkey's Mediterranean coast, after a one-month suspension, reopening a key westbound corridor that avoids Russian territory, Oilprice.com reported.
Sunfusion project of Turkish refiner Tupras to produce biofuel from algae and yeasts
Top Turkish refiner Tupras is working on a technology that will produce biofuel from purified microalgae and oleaginous yeasts with the use of solar energy, Balkan Energy Green News reported on September 16.
SOCAR says world’s largest container shipping company MSC to take stake in Turkish terminal on Aegean Sea
Terminal Investment Limited, a unit of Mediterranean Shipping Company (MSC), the world's leading container shipping company, is to become a shareholder in SOCAR Terminal in Turkey, Azerbaijani state-controlled SOCAR said on September 16.
EU's General Court rules that gas, nuclear investments can be sustainable
Austria, backed by Luxembourg, argued that including gas and nuclear in the EU’s green taxonomy amounted to greenwashing and undermined efforts to direct finance towards renewables.
Chevron, Hellenic file joint bid for Greek oil and gas projects
The tender, launched earlier this year, covers deep-water acreage where geological structures resemble those that yielded major discoveries off Egypt and Cyprus.
Italy's Edison to favour more LNG over pipeline gas imports
CEO Nicola Monti told Reuters at the Gastech conference in Milan last week that the company planned to scale back volumes from two long-term pipeline agreements.
IEA warns that output at existing oil and gas fields is falling faster than expected
Analysis of thousands of reservoirs shows that many of the largest conventional fields have already peaked, while unconventional sources such as shale need constant drilling to maintain production.
European Commission pushes for faster phase-out of Russian energy
The proposal reflects mounting pressure from the US and growing domestic concern over energy security as Russia’s war in Ukraine continues.
Fuel prices in Kyrgyzstan rocket as Ukraine steps up drone strikes on Russian refineries
Central Asian country relies on Russia for nine-tenths of its fuel.
Turkey announces research mission in contested Aegean waters, sparks immediate response from Greece
Turkey has sparked an immediate Greek response with the announcement of a 10-day research mission in a contested zone of the Aegean with the vessel Piri Reis, Greek publication tovima.com reported on September 15.
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