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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Serbia forms coordinating body to safeguard energy supply amid US sanctions threat
The Serbian government announced on January 5 the establishment of a coordinating body to ensure the country’s oil and gas supply amid fears of impending US sanctions targeting Serbia's oil industry.
Serbia braces for possible US sanctions on Russian-owned oil company NIS
Serbian government braces for the potential economic and political ramifications of the US' decision as it seeks to balance relations with Russia and the West.
Hungary’s MOL wants to buy Lukoil’s Bulgarian assets, Orban says
Hungarian oil company MOL Group is bidding to buy Lukoil-owned oil refinery in Bulgaria, the state broadcaster BNT reported on December 23
Russian gas transit through Ukraine ends, with Europe meeting the new year with 5% less gas
Transit of Russian natural gas through Ukraine ended in the early hours of January 1, depriving the EU of about 5% of its gas supply, after last-hope efforts led by Slovakia to ensure continued flow failed.
Slovakia faces cut-off of Russian gas pipeline supplies
Robert Fico’s attacks on Kyiv for ending gas transit have more to do with his close political ties with Orban and Putin, the cosy business links Slovakia has with Russia, and his domestic political problems, rather than energy security.
Qatar threatens to halt LNG deliveries to EU if new labour and environment law is passed
Qatar will pull the plug on LNG deliveries to EU countries if they strictly enforce a new law on forced labour and environmental damage.
Slovakia’s Fico in surprise visit to Putin in Moscow
Slovak Prime Minister Robert Fico made a surprise trip to Moscow on December 22 to hold rare face-to-face talks with Russian President Vladimir Putin, as he seeks to secure gas deliveries ahead of the end of the Ukrainian gas transit deal next week.
Turkey, Syria tandem could mean piped Qatari gas for Europe and a supercharged Middle East clean energy transition
Prize could be huge for Ankara and Damascus if the Syrian fighting is really over.
Kazakh authorities attribute 3% decline in oil production to Western-led Tengiz and Kashagan projects
Panic in Serbia over US sanctions drives down NIS share price
NIS Petrol to sell Gazprom-branded gas stations in Romania to cover debts
NIS Petrol, the Romanian subsidiary of Serbian oil and gas group NIS, plans to sell its network of 19 gas stations operating under the Gazprom brand in Romania to settle outstanding debts.
Gasoline station explosion claims four lives in Fergana, Uzbekistan
Slovakia continues talks with Russian Gazprom over gas supplies
Kazakhstan committed to 190,000-bpd oil output boost next year despite lower levels specified by OPEC+ limitations
EU targets 52 more shadow fleet ships in 15th Russian sanctions package
The EU has finalised its 15th sanctions package against Russia, targeting 52 more ships in the country’s so-called shadow fleet, used to circumvent Western restrictions on Russian crude exports, bringing the total number to 79.
Equinor makes small discovery in Norwegian North Sea
Norwegian oil producer Equinor has made a small oil and gas discovery 17 km west of the Troll field in the North Sea.
Germany promises Czech Rep it will scrap gas levy
Germany has assured the Czech Republic that it will abolish a contentious gas transit fee either this week or in early January.
UK issues first CO2 storage licence
The UK has awarded its first-ever carbon storage permit, marking a historic step towards achieving net zero greenhouse gas emissions.
Slovak, Hungarian, Austrian and Italian groups sign declaration backing continued gas transit through Ukraine
Russia’s contract to transit gas through Ukraine is due to expire at the end of this year, putting 14 bcm per year of gas supply to Europe at risk.
Offshore oil is "the new shale", says Kpler analyst
Offshore oil production “is the new shale,” set to drive future output gains, says Viktor Katona, head of oil analysis at global trade intelligence firm Kpler.
R&D to drive downstream decarbonisation: SOCAR Turkiye
Research and development is playing a key role in driving sustainability in the downstream sector.
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