Region: Europe Category: Oil and Gas Frequency: Every Thursday
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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Italian PM Giorgia Meloni completed a two-day visit to Algeria on January 24. The visit’s main goal was to consolidate diplomatic and commercial ties and secure a deal for increased gas exports through the TransMed pipeline.
Germany received the Hoegh Gannet floating storage and regasification unit (FSRU) on January 20 at its Brunsbuettel Elbehafen port near Hamburg. It marks the third floating LNG terminal to start up in recent weeks.
Bulgaria urgently needs non-Russian crude for its Black Sea refinery, but there are multiple challenges to reviving the Burgas-Alexandroupolis project.
The International Energy Agency reports that oil demand this year will grow by 1.9mn bpd, to a record 101.7mn bpd, and supply by 1mn bpd, to 101.1mn bpd, in its first monthly report for 2023 released on January 18.