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 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.
Lower energy prices hit revenue of Hungary’s state utility giant, but profits rise
Europe may have passed peak LNG demand, report says
Europe’s LNG imports are in steep decline and the continent may have already experienced peak LNG demand, a new report from the Institute for Energy Economics and Financial Analysis revealed.
Venezuela's VP Rodríguez meets Repsol executive amid strained Spain relations
Venezuelan Vice President and Oil Minister Delcy Rodríguez held talks with Repsol's Venezuela business unit director Luis Antonio García Sánchez in Caracas on September 13, discussing "strategic alliances" and "energy cooperation."
Eni announces business restructuring
Eni has approved a sweeping restructuring of its business that will give greater decision-making power to its CFO.
Spain's Cepsa gets certified as biomethane trader
Spanish energy firm Cepsa has been certified as a biomethane trader under the international ISCC certification programme.
Orlen reports large oil discovery in west Poland
Polish energy giant Orlen announced on September 11 it had made one of the country’s biggest oil discoveries in over a dozen years.
Serbia plans to increase Russian gas purchases
Serbia has proposed increasing its gas imports from Russia before the current contract expires in March 2025, Serbian Deputy Prime Minister Aleksandar Vulin stated in an interview with Izvestia, Tass news agency reported on September 13.
US asset fund buys stake in Trans-Adriatic gas pipeline
US asset management fund Apollo Funds is to buy a non-controlling stake in the BP subsidiary that controls a 20% interest in the Trans-Adriatic Pipeline that flows Azeri gas to Europe.
Petroineos confirms decision to close Scotland's only oil refinery
Scotland’s only oil refinery, the UK’s oldest, is due to close permanently next year, at a cost of 400 jobs.
Germany vows to investigate Nord Stream bombings without bias
German Chancellor Olaf Scholz has vowed that Berlin will investigate the 2022 sabotage of the Nord Stream pipelines, without bias.
Czech Net4Gas succeeds at Prague branch of dispute over missed payments with Gazprom
Net4Gas stated that a court in Prague “ordered Gazprom Export to pay the sued amount together with interest and covering of administrative expenses,” adding that Net4G “will consider further steps regarding collection of the owed amount."
EurOil: Eni, Snam start up Italy's first industrial-scale CCS project
Cyprus and the three project problem
There are three energy projects in Cyprus, each of which would likely make a world of difference for the inhabitants of the island and its overall economy.
Hungary pushes to increase domestic gas production
Global heating could exceed 3°C by end of century, say researchers
Methane emissions are rising faster than ever before, says new research led by Stanford University. The problem is so dire that global heating could exceed 3°C by the end of century, a level at which there would be chaos at an unprecedented level.
Norway's intelligence chief warns of higher risk of Russian attacks on energy facilities
Norway’s foreign intelligence chief has said the risk of Russian sabotage against critical infrastructure, including oil and gas facilities has increased over the past year.
Equinor strikes oil, gas near Kristin field off Norway
Norway's state oil company Equinor has found gas and oil in the Haltenbanken Vest Unit prospect in the Norwegian Sea.
Eni, Snam start up Italy's first industrial-scale CCS project
Eni and Snam have launched injection operations at Italy’s first industrial-scale carbon capture and storage project.
Orlen announces removal plans for WW2 bomb found at Czech refinery
Polish energy group Orlen has announced plans for the removal of an unexploded World War 2 bomb that was discovered at its 5.4mn-tonne per year refining and petrochemical complex in Litvinov.
Eni nears start on Livorno biofuel project
Italy’s Eni is set to launch construction work in the near future as part of the planned conversion of the idled 84,000 barrel per day oil refinery in Livorno into Italy’s third biorefinery.
MOL increases stake in alternative energy company Alteo
Serbia's NIS and China's Sinopec sign agreement on green energy
Serbia's oil and gas company NIS signed a memorandum on scientific and technological cooperation with China's Sinopec Petroleum Engineering Corporation on September 9.
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