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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US extends NIS licence to July 1, gives MOL more time for takeover talks
The US has extended a licence allowing Serbia’s sanctioned oil firm NIS to continue operations and granted Hungary’s MOL more time to negotiate the purchase of the majority Russian stake.
UK's Grain LNG terminal seeks interest in 2029 regas capacity
Grain LNG has invited market participants to register interest in regasification capacity that is expected to become available from 2029, while also seeking feedback on a proposed capacity-sharing arrangement.
End of Russian energy imports to EU not expected to threaten gas deliveries to Slovakia
The phase-out of Russian energy imports to the EU set to be implemented by September 2027 won't threaten gas deliveries to Slovakia, according to the gas industry experts speaking at the Central European Gas conference held in Bratislava
MOL signs production sharing agreement for offshore Libya exploration block
MOL to diversify upstream portfolio with new produciton sharing agreement signed with Repsol and TPAO in Libya.
MOL faces higher tax burden under Hungary's proposed oil windfall tax overhaul
Hungarian government would extend and tighen tax windfall tax on the Brent-Ural spread, expected to generate an addtional €43 revenue for the budget.
Turkey says ‘No’ to Baghdad proposal for extension of Kirkuk-Ceyhan oil pipeline agreement
Current conditions proposed by Baghdad for an extension of the current Iraq-to-Turkey (Kirkuk-Ceyhan) oil pipeline agreement are not satisfactory, a senior Ankara official said on June 16, as reported by Reuters.
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.

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