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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EU's Simson urges bloc to continue cutting Russian gas
The EU must ensure it reverses the trend of rising Russian gas imports seen this year and follow through on its commitment to eliminate those imports entirely by 2027.
EC says Europe ready for cut-off of Russian gas transit through Ukraine
European Commissioner Kadri Simson said this week that the European Union is ready for the gas transit agreement between Ukraine’s Naftogaz and Russia’s Gazprom to expire at the end of this year.
MOL signs MoU with Turkish Petroleum Corporation
New Fortress Energy’s Altamira LNG plant in Mexico exports first cargo to the Netherlands
US LNG developer New Fortress Energy has delivered its first LNG cargo to Holland’s Gate terminal from its Altamira LNG plant located in Mexico.
Bulgaria approves energy partnership with Oman
Bulgaria’s government approved on October 15 a cooperation agreement with Oman on the global market of LNG, investments in renewable energy projects and sources for electricity storage, it said in a statement after its regular session.
Don't hold your breath for Central Europe to give up Russian oil any time soon
Hungary and Slovakia’s reluctance to quit Russian oil is consistent with their broader defence of continued economic ties with Russia.
BP warns of Q3 exploration write-offs, weak refining margins
BP has reported on October 11 that weaker margins at its refineries, reduced sales of gasoline and other oil products, along with increased exploration write-offs, would impact its earnings for the three months leading up to September 30.
ExxonMobil in talks with other Miro refinery shareholders to advance sale
ExxonMobil has been in advanced discussions with other shareholders to facilitate the sale of its stake in Germany's second-largest refinery.
Vaar Energi plans two-well campaign in Barents Sea
Norwegian oil operator Vaar Energi plans to drill a pair of exploration and appraisal wells targeting oil near its Goliat field in the Barents Sea.
Norwegian appeals court rejects environmental injunction against oil and gas projects
A Norwegian appeals court has ruled in favour of the government in a case brought by environmental groups seeking to block the development of three oil and gas fields.
UK’s Grain LNG terminal receives accreditation on methane emissions from MiQ
The UK’s Grain LNG terminal has achieved an historic certification as the first LNG port in the world to be granted MiQ’s accreditation for the methane emissions performance of its operations.
Euroil: ExxonMobil scraps plans for UK CO2 pipeline
Russian oil flow via Ukraine unaffected by Kyiv's sanctions on Lukoil, says Vedomosti
Russian oil transit through Ukraine's pipeline system in July and August was largely unaffected by Kyiv halting Lukoil deliveries.
Serbia secures additional gas deliveries from Russia
Serbia has secured additional gas supplies from Russia for the upcoming winter season, following an agreement reached on October 9 between Dusan Bajatovic, general director of Srbijagas, and Aleksei Miller, chairman of the Gazprom management board.
Gazprom signs MoU on boosting gas supply to Hungary
Despite the EU pushing to eliminate Russian gas imports by 2027, Hungary is increasing rather than decreasing its dependence on Russian supplies.
Hungary’s MVM and Gazprom sign gas supply agreement
Romania’s OMV Petrom enters Bulgaria’s gas supply market
Romania's major oil and natural gas producer OMV Petrom announced in a note to investors that it is entering the natural gas supply market in Bulgaria, where it is targeting industrial consumers.
Turkey, Brazil emerge as top importers of Russian diesel, gasoil in wake of EU ban
Turkey and Brazil have emerged as the top importers of Russian seaborne diesel and gasoil in the wake of the EU’s embargo on Russian petroleum products introduced in February last year.
Czech antitrust office looks into country’s energy companies
MVM to continue gas diversification strategy, CEO says
The CEO of Hungary’s state energy company, MVM, stated that the end of the gas transit agreement between Ukraine and Russia from next year will not affect the company’s procurement strategy and MVM plans to continue its diversification efforts.
ExxonMobil scraps plans for UK CO2 pipeline
ExxonMobil has abandoned plans to lay a pipeline to transport CO2 from its Fawley oil refinery near Southampton to a storage site under the English Channel.
Slovakia signs memoranda with Ukraine as Russian gas transit deal is nearing expiry
In the summer, Fico threatened to stop sending diesel fuel to Ukraine in response to the halting of Lukoil’s crude oil transit through Ukraine following Kyiv’s tightening of sanctions on the Russian oil giant.
ExxonMobil to move ahead with job cuts at French refinery after striking deals with unions
US oil major ExxonMobil is pressing on with planned job cuts at its refinery at Port Jerome in north France after striking a majority deal with unions.
Equinor reports on cost rises at key Norwegian projects
Equinor has reported cost increases at some of the 19 projects it is developing as operator in Norway.
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