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 joint gas purchase platform sees limited signs of success
The EU’s joint gas procurement platform, launched last year to enable bulk-buying of more gas at lower prices, has covered only a mere fraction of the bloc’s demand.
Slovenia confirms stable gas supply for winter
Slovenia's natural gas supply is expected to remain stable and reliable throughout the winter, supported by alternative sources from Algeria, Azerbaijan, and Norway, according to the Ministry of Environment, Climate and Energy.
Azeri gas flow through Ukraine just a guise for Russian transit, says GTSOU head
The head of Ukraine’s gas transmission system operator has acknowledged that “Azeri” gas transited through Ukraine would still be Russian in origin.
EurOil: OKEA sells stake in Norwegian field to Lime
Serbia signs new gas contracts with Azerbaijan
Serbia and Azerbaijan have signed new gas contracts to bolster Serbia’s energy security, guaranteeing the country one million cubic meters of gas per day this winter.
TotalEnergies open to global partnerships with Petrobras, says CEO
TotalEnergies’ CEO Patrick Pouyanne has expressed interest in collaborating with Brazil’s national oil company Petrobras on projects beyond Brazilian borders as the French energy major expands its presence in Latin America's largest economy
Russian oil shipments to Turkey drop in August
Due to the repairs on a major refining facility,Turkey, Russia’s third largest oil buyer, has halved its imports of Russian oil in August 2024 to under 200,000 bpd from 400,000-450,000 bpd in early summer.
Energy transition slows as global oil and gas industry refocuses on fossil fuels – report
Romanian PM Ciolacu assures OMV Petrom of government support for Neptun Deep
Romania’s PM Ciolacu on September 24 met representatives of OMV Petrom, whom he assured of the Government’s support for the Neptun Deep offshore project that was finally launched but still faces opposition from Greenpeace.
Venture Global signs deal with Gastrade for regasification capacity at new Greek terminal
Upstart US LNG developer Venture Global has agreed to a 5-year deal with Greece’s Gastrade to regasify up to 1mn tonnes per year.
Norway's Equinor axes plan for hydrogen pipeline to Germany
Norwegian state oil firm Equinor has abandoned a project to pipe blue hydrogen to Germany citing high costs and insufficient demand.
Equinor, DNO report drilling success at Norway's Heisenberg find
Equinor and its partner DNO have announced an oil and gas discovery at a well delineating the 2023 Heisenberg find in the north of the Norwegian North Sea.
UK oil and gas sector more than halves methane emissions since 2018
The UK’s oil and gas sector has more than halved methane emissions since 2018 and reduced overall emissions from oil and gas production by 28% during the same period.
Fire injures three at Greek oil refinery
A fire at Greece's second-largest oil refinery slightly injured three people on September 17.
OKEA sells stake in Norwegian field to Lime
OKEA has agreed to divest its interest in the Yme field to fellow Norwegian oil and gas junior Lime Petroleum, a subsidiary of Singapore-based Rex International, for $15.6mn.
Shell sale at Schwedt held up by lawsuits
Shell’s intended sale of its interest in Germany’s Schwedt oil refinery has been held up by ongoing lawsuits brought by third parties.
Netherlands urges more sanctions on Russian LNG
The Netherlands has called for more sanctions to restrict Russian LNG imports into the EU, noting an increase in the volume of Russian super-cooled gas arriving on its own shores in recent months.
EurOil: Orlen reports large oil discovery in west Poland
Palestinians face deportation from Turkey for “Erdogan stop feeding oil to Zionists!” banner
Turkish president continues to allow export of Azerbaijani oil to Israel via Mediterranean port despite his loud criticism of the Israelis’ actions in Gaza.
Hungary blames EU for its continued use of Russian gas
Hungary last week criticised EU leadership for its long insistence that Budapest discontinue the use of Russian gas.
Turkmenistan suffers energy export setback as Turkey opts for new LNG deal
Holding out for last penny could cost Ashgabat.
Romgaz moves closer to launching €1.5bn bond programme in Luxembourg
EMTN programme is aimed at financing the Neptun Deep offshore gas project developed by Romgaz in a 50:50 partnership with OMV Petrom.
Turkey acquires new FPSO for Sakarya gas field
Turkish Petroleum (TPAO) has received the country’s first floating production, storage and offloading (FPSO) vessel, which will be installed at the offshore Sakarya gas field in the Black Sea north of Zonguldak.
Serbia and Hungary announce feasibility study for new oil pipeline
Serbia and Hungary announced the launch of a feasibility study for a new oil pipeline that is set to be completed by 2027, according to officials from both countries.
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