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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Turkey’s natural gas imports up 37% y/y in June
Turkey’s natural gas imports rose by 36.9% y/y in June, reaching 3.17bn cubic metres (bcm), the Energy Market Regulatory Authority (EPDK) said on August 27.
Druzhba oil flow to Slovakia is renewed following another halt
The Slovak Minister of Energy said the oil flow was renewed and expressed hope that the supplies will be stable.
UK's Serica lifts first oil from Triton FPSO after restart
UK-focused oil company Serica Energy said on August 25 it had completed the first lifting of oil from the Triton floating production, storage and offloading unit in the North Sea.
Reach Subsea scores job at Woodside's Scarborough project off Australia
Norwegian subsea services provider Reach Subsea said on August 26 ii had deployed its uncrewed surface vessel Reach Remote 2 to Australia.
Bilfinger scores North Sea deal with BP
German industrial services provider Bilfinger said on August 26 it had secured a contract to deliver inspection services across all of BP’s North Sea assets, expanding its role with the UK energy major.
Norway's Var Energi reaches its 400,000 boepd milestone ahead of schedule
The company said it remains on course to deliver about 430,000 boepd in the fourth quarter of this year as it executes on its growth strategy.
Sidara cuts takeover bid for UK's Wood Group
Dubai-based Sidara has cut its takeover proposal for John Wood Group by about 14% to GBP0.30 ($0.40) per share.
Norway's Northern Lights injects first CO2 into storage
It is billed as the world’s first open-access CO2 transport and storage facility.
US grants Serbia’s NIS sixth sanctions waiver
The delay follows recent US-Russia talks in Alaska, which may have influenced Washington’s decision.
OKEA, Equinor both report Norwegian oil finds
Norwegian oil companies OKEA and Equinor have announced fresh discoveries in the North Sea, adding to a run of recent exploration successes near existing infrastructure.
Aker BP makes one of Norway's largest oil discoveries in decade
Norwegian oil explorer Aker BP announced last week it had made one of the largest commercial oil discoveries in Norway in the past 10 years after completing its Omega Alfa exploration campaign in the North Sea’s Yggdrasil area.
GECF casts doubt on US-EU energy deal yielding material gains
The GECF warns that the EU-US energy trade deal is unlikely to deliver a major increase in US LNG sales to Europe.
Canada prepares to open LNG talks with Germany
New LNG exporter Canada is shifting its gaze from markets in Asia to Europe with Ottawa set to open talks with buyers in Germany.
Turkey’s Sasa to establish company for $25bn refinery, petrochemicals investment
Turkey’s Sasa Polyester Sanayi A.S. has announced a decision to establish a wholly owned subsidiary, Sasa Rafineri A.S., with an initial capital of TRY 100mn ($2.4mn), to lead its strategic $25bn investment in a refinery and petrochemical complex.
US expected to delay sanctions on Serbia’s NIS again, says Srbijagas CEO
With signs of rapprochement between Washington and Moscow, it is unlikely that US President Donald Trump would move forward with sanctions affecting Russia’s energy partners such as Serbia.
OGT2025 conference and exhibition in Ashgabat gains momentum
Preparations are gathering momentum for the landmark 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025”, scheduled to take place from 22 to 24 October in Ashgabat.
Slovak economy minister renews criticism of EU’s phase out of Russian gas imports
Slovak Minister of Economy Saková renews the criticism of the EU's Russian gas phase-out plan after PM Fico claimed he had obtained "energy guarantees" from the EU.
War of words escalates between Budapest Brussels and Kyiv following the latest Druzhba oil pipeline attacks
US President Donald Trump is very angry with Hungarian Prime Minister Viktor Orban over the attacks on Russia’s Druzhba oil pipeline that lead to an exchange of irate letters over the weekend.
Slovak Minister of Foreign Affairs Blanár steps up criticism of Ukraine in response to Druzhba oil flow halts
Slovak populist Blanár criticises Ukraine after the Slovak government assured the public that the halt of Russian Druzhba oil flow does not pose a risk to Slovakia.
MOL moves to calm supply fears after fresh Ukrainian strike on Druzhba oil pipeline
Hungarian oil and gas giant MOL sought to reassure markets and consumers on August 22 that energy supplies to Hungary remain secure
Slovak government expects Druzhba oil pipeline flow to restart by August 25 after another halt
Slovak minister of economy Sakova assured that country has oil reserves for at least 100 days
Serbia’s NIS seeks sixth US sanctions waiver
Serbia’s state-run oil company NIS has requested a sixth waiver from US sanctions, as its current licence permitting operations under restrictions is due to expire on August 27.
Czech branch of Polish Orlen reports a loss of CZK5bn in H1
The Czech branch of the Polish refiner incurred a loss amid high energy prices and modernisation investments
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