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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G7 seeks to keep $60-per-barrel cap on Russian oil
The G7 group intends to keep the current price cap on Russian crude oil at $60 per barrel, as originally set in December last year, despite some calls from some EU member states to lower the price.
Equinor reports eighth discovery near Troll
Norway’s Equinor has reported its second hydrocarbon discovery off the coast of Norway and its eighth near the giant Troll gas field since 2019.
Slovenia’s Petrol ends 2022 with net loss of €2.7mn
Srbijagas to increase gas price by up to 10% in May
MOL Group parts with 39 Slovenian petrol stations
Bulgaria ready for more Azeri gas, Radev tells Aliyev
EU member Bulgaria is ready to receive more natural gas from Azerbaijan through the Southern Gas Corridor (SGC) and the Interconnector-Greece-Bulgaria (IGB) pipeline, Bulgarian President Rumen Radev told Ilham Aliyev, the President of Azerbaijan.
UK to prioritise fast gas developments in latest licensing round
The regulator overseeing UK oil and gas licensing has said it will prioritise the issue of licences for gas projects that can be brought quickly into production, in an effort to ease the country’s energy crisis.
INEOS, Wintershall Dea launch Greensand CCS project
European gas prices spike on March 9 amid cold weather, French strike action and nuclear concerns
European gas prices spiked on March 9, as a result of colder weather in northern Europe and expectations of further disruptions to LNG imports and nuclear outages.
Harbour sees 2022 profits "wiped out" by UK windfall tax
UK North Sea player Harbour Energy has said the UK’s windfall tax “wiped out” its profits last year, but it still paid out $1bn in shareholder dividends.
Shell considers Greenpeace challenge a "low risk" to Jackdaw project
Shell has expressed confidence that a legal challenge by environmental NGO Greenpeace is unlikely to cause disruptions to its plan to develop the Jackdaw gas field in the North Sea.
Hungary’s MOL to sell 39 stations in Slovenia to Shell as part of takeover of OMV Slovenia
Report of yacht use in sabotage of Nord Stream pipelines adds new layer to mystery
A team of divers using a 15-metre chartered yacht called the Andromeda sabotaged the Nord Stream 1 and 2 pipelines, a new report published by Germany’s Der Spiegel news site claims.
French LNG terminals shut down by strike action
France’s four LNG terminals went offline early last week as a result of industrial action. They are not likely to resume operations until March 14. Their shutdown triggered a spike in European gas prices, which for weeks have seen steady decline.
Gazprom Export head Burmistrova steps down
Russia’s state-owned gas supplier Gazprom announced on March 10 that Elena Burmistrova was stepping down as head of its export arm and would go on to serve as vice president of Gazprombank.
Brussels calls for no new supply deals for Russian LNG
The European Commission has urged EU countries and companies not to enter into new supply contracts for Russian LNG, in order to further reduce the bloc’s use of the latter’s LNG.
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