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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EurOil: CNOOC puts sale of UK North Sea business on hold
EU and G7 agree on Russian petroleum product price caps
The caps came into force on February 5, three months after a similar cap of $60 per barrel was introduced on Russian crude oil exports.
LNG sale and purchase agreements in US up in 2022
LNG exports in the US are booming as supply in Europe remains tight following sanctions on Russia because of its war in Ukraine. World supplies of LNG had already been constrained, with demand in Asia especially high.
OMV Petrom reports record €2bn profit for 2022
Associated gas production in Azerbaijan increased by 2% in 2022
Croatia to pay $235mn arbitration award to MOL
Croatia will pay MOL $235mn after losing a series of arbitration and legal hearings over the 2009 deal that allowed MOL to obtain a dominant position in INA.
Lithuanian ministry says businesses are responsible for increased Russian LPG imports
CNOOC puts sale of UK North Sea business on hold
Czechia has lowered its dependency on Russian gas to 3.5%
Bulgaria starts construction of gas link with Serbia
New pipeline with capacity of up to 1.8 bcm a year will help increase energy security and diversify gas supplies in the region.
Russian gas pipe flow dips to record low in January
Russian pipeline gas flowing to Europe dipped to a record low in January, down 30% compared with supplies in December, while experts warn that there could be significant further downside risk to the country’s deliveries.
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