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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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.
Recovery in German chemicals sector stalls in Q2
The recovery in Germany’s chemicals industry stalled during the second quarter.
MOL reaches agreements securing Druzhba crude deliveries
Hungarian oil and gas company MOL has concluded agreements to secure the continuous transport of crude through the Druzhba (Friendship) pipeline through Belarus and Ukraine to Hungary and Slovakia.
Russia, Serbia must renew gas supply contract, says Putin
Russia and Serbia must address the looming expiry of their gas supply contract next year, Russian President Vladimir Putin said.
OPEC+ delays planned unwinding of cuts amid pressures
In June, eight members, including Saudi Arabia, Russia, Iraq and the UAE, said that they would begin unwinding some of their “voluntary” cuts from October.
EurOil: BlueNord suspends output guidance at Denmark's Tyra field
Azeri president expects "breakthrough" in Ukraine gas transit talks
Azeri President Ilham Aliyev said on September 5 he was confident there would be a “breakthrough” in negotiations between Moscow and Kyiv to maintain Russian pipeline flow through Ukraine to Europe.
Czech gas reserves are at 93%
Czechia’s gas storage capacity is 93% full, the country’s Minister of Industry and Trade Jozef Sikela stated.
Premium energy basins: Focus on emissions reduction as oil and gas demand persists [Energy Insights]
Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand.
North Macedonia and Serbia advance plans for new gas interconnector
North Macedonia's Transport Minister, Aleksandar Nikoloski, discussed plans for a new gas interconnector with Serbia during a meeting in Belgrade on September 5 with Serbia's Energy Minister Dubravka Djedovic Handanovic.
Slovenian government approves plan for Lendava-Ljutomer gas transmission pipeline
The Slovenian government has approved the spatial plan for Lendava-Ljutomer gas transmission pipeline, a crucial project aimed at connecting the Slovenian and Hungarian gas pipeline systems.
Shell to cut 20% of exploration staff as CEO expands cost-saving drive to core oil business
CEO Wael Sawan is targeting a 20% cut in these divisions, extending his cost-saving initiatives beyond the previously affected renewables and low-carbon segments.
Turkish-Turkmen gas supply plans for Europe: strategic masterstroke or risky bet?
Turkmenistan is the fourth-largest holder of confirmed natural gas reserves in the world, with an estimated 19.5 trillion cubic metres of reserves.
Putin proposes new gas deal with Serbia
Russian President Vladimir Putin has proposed initiating discussions with Serbia on a new gas agreement as the existing deal is set to expire in March 2025, local news portal eKapija reported on September 4.
MOL starts production at green hydrogen plant at Hungarian refinery
MOL has started production at the largest green hydrogen plant in Central and Eastern Europe, located at its Danube refinery near Budapest. The 10-MW capacity plant will produce 1,600 tonnes of carbon-neutral green hydrogen annually.
Aphrodite partners resubmit development plan to Cyprus government for East Med gas field
Spanish oil services company Tecnicas Reunidas reportedly in advanced talks to construct $3bn gas development project in Kazakhstan
Croatian energy prices to rise by 10-15%
Greece to carry on investing in gas while predicting 70% decline in demand by 2050
Greece’s revised National Climate and Energy Plan forecasts a near 70% decline in natural gas demand by 2050, but still expects significant investments in gas infrastructure, gas-fired generation and domestic production in the nearer term.
Ukrainian gas storage may prove crucial for European traders as Russia transit deal nears end
Ukraine's gas storage facilities could become increasingly valuable to European traders as the transit contract between Ukraine and Russia nears its expiry.
BlueNord suspends output guidance at Denmark's Tyra field
Norway's BlueNord has once more suspended its output guidance to reflect slower-than-expected production growth at Denmark’s Tyra gas field.
Phillips 66 secures planning approval for carbon capture at Humber refinery
Phillips 66 has secured planning approval to install a carbon capture plant at its Humber refinery in the UK.
Norway remains committed to oil and gas, says energy minister
TotalEnergies to power UK's Culzean platform with wind
TotalEnergies has launched a pilot project to install a floating wind turbine near one of its UK North Sea platforms to reduce the facility’s emissions from power generation.
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