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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Oman's Petrogas hails first offshore gas find in UK
Oman's Petrogas reported its first offshore gas discovery in the UK North Sea, following recent drilling work.
Norway strikes deal to regain state control of gas pipeline network
Norway has reached an agreement with seven private owners to bring much of the nation's extensive gas pipeline network under state control.
Denmark's top gas field now fully operational
Denmark’s largest gas field Tyra is finally fully operational again following multiple delays.
Lukoil denies report of possible sale of Bulgarian refinery to Qatari-British venture
Contrary to widespread reporting in the international media regarding the sale of the Lukoil refinery in Bulgaria, the Swiss-based owner of the refinery’s majority share, Litasco, has issued a statement saying the reports are not correct.
Romania’s Romgaz puts new well in use at its largest onshore gas field
Romania’s natural gas company Romgaz (BVB: SNG) has put in use a new well (Damianca 55) at Caragele – the largest onshore natural gas field in the country that it operates, Minister of Energy Sebastian Burduja announced on November 11.
Bosnia's Hifa Petrol to file takeover bid for Pobjeda Tesanj
Bosnia & Herzegovina’s oil products distributor Hifa Petrol said on November 11 it plans to launch a takeover bid for local hydraulic equipment supplier Pobjeda Tesanj, targeting 50.5% stake in the company.
OMV Petrom awards contract for development of 89MWp solar plant
Integrated energy producer OMV Petrom announced it signed an EPCC contract for the development of the 89MWp Ișalnița solar project, to be commissioned in mid-2026, with an association of Romanian companies.
Optimisation key to drive down green hydrogen costs: Rockwell interview
Data-driven automation can help optimise green hydrogen production, helping the nascent industry scale up to the level required to play its role in a net-zero future.
France top Russian fossil fuel importer in the EU in Oct
France emerged as the top importer in the EU of Russian fossil fuels in October, the Finland-based Centre for Energy and Clean Air Research (CREA) reported on November 8.
Gazprom finally divests from Latvian gas supplier
Russian state gas exporter Gazprom sold its 34% stake in Latvian gas company Latvijas Gaze in October, finally marking its withdrawal from the Baltic state.
Europe can offset loss of Russian gas transit via Ukraine with LNG: Snam CEO
Europe can offset the potential loss of Russian gas supplies via Ukraine with increased LNG imports, the head of Italian gas grid operator Snam said during a post-result conference call on November 7
Abdülhamid Han drillship spuds Amasra-4 well in Sakarya gas field
Turkish Energy and Natural Resources Minister Alparslan Bayraktar announced over the weekend that the drillship had started drilling the Amasra-4 well in the producing gas field.
Lower oil prices, margins dent Hungarian MOL’s Q3 earnings
Hungarian oil and gas company MOL reported $847mn in adjusted Ebitda in Q3, down from $976nmn in the base period, due to the unfavourable development in oil prices and the narrowing of the Brent-Urals spread and lower refining margins.
Turkish gas trader launches ruble-euro swaps
Turkish gas trader Bosphorus Gaz is launching a currency exchange mechanism to overcome payment issues between Turkish and Russian companies.
AI takes centre stage at ADIPEC
The conference, where almost 200,000 participants gathered, featured a series of sessions dedicated to the technology, as well as a special AI zone, where various AI-related energy solutions and initiatives were presented.
Slovenia’s Petrol gains almost sole ownership of Geoplin
Scandal of UK treating Turkey as dumping ground for mountains of plastic waste worsens again
Other big countries in Europe also shipping crazy volumes of trash, says Greenpeace. Campaigners hope upcoming Global Plastics Treaty talks can bring change.
COMMENT: Will the renewal of the Serbia-Russia gas deal prolong Moscow's energy dominance in Europe?
Gazprom’s gas supply contract with Serbia is due to expire in 2025.
Revenue at Turkey’s largest refiner Tupras cut by third in 3Q24
Lukoil denies plans to sell Bulgarian refinery to Qatari-UK consortium
Lukoil denies reports of talks with UK-Qatari consortium, but says it is "considering various options" regarding its Bulgarian business.
European Commission approves VTTI’s acquisition of Adriatic LNG terminal
Dutch headquartered energy storage group VTTI together with German asset manager IKAV have been granted authorisation by the European Commission to purchase Italy’s Adriatic LNG terminal.
Russian Lukoil to sell Bulgarian Burgas refinery to Qatari-British investors
Russia’s second-largest oil producer Lukoil is selling its majority stake in Bulgarian refinery Neftohim (Neftochim) Burgas to Qatari-British investors, the Financial Times report citing Lukoil’s letter to Russia's President Vladimir Putin.
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