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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Gazprom back in black in H1 after suffering loss in 2023
Russia’s traditional cash cow is once more generating profit after a disastrous performance last year.
Azerbaijan begins supplying natural gas to Croatia
Turkey’s gas-hub-for-Europe ambition boosted by Shell LNG deal
Hungary warns of significant challenge caused by Kyiv's sanctions on Lukoil oil
Hungary faces a significant challenge following Ukraine's suspension of Lukoil’s oil supplies via its territory.
Germany set to extend trusteeship over Rosneft assets
The German government plans to extend the trusteeship of Rosneft’s stake in the Schwedt oil refinery and the Russian company’s other assets in Germany.
Energo: Lofty EU hydrogen goals unlikely to be met
Lofty EU hydrogen goals unlikely to be met
The EU has placed a lot of faith in green hydrogen as a means to decarbonise its economy, but there is doubt about whether Brussels’ ambitious goals can be delivered on.
Hungary's gas deliveries guaranteed for long term, chief diplomat says in St Petersburg
Hungary is ready for the heating season and natural gas supplies are being maintained from the south, Peter Szijjarto, Minister of Foreign Affairs and Trade, said in St Petersburg on August 30 after talks with Aleksei Miller, CEO of Russia's Gazprom.
Serbia to receive Azerbaijani gas this winter, says foreign minister
Serbia will have access to Azerbaijani gas this winter, Serbian Minister of Foreign Affairs Marko Duric announced during the first day of his official visit to Baku on September 1.
Ukraine secures €200mn loan to purchase gas reserves from EU
Ukraine will borrow €200mn from the European Bank for Reconstruction and Development (EBRD) to purchase gas from the EU, the state energy company Naftogaz has announced.
Czech state energy utility completes takeover of gas distribution network GasNet
The majority state-owned Czech energy utility CEZ has completed the 55.21% share in the gas distribution network GasNet.
China claims accident caused damage to Baltic Sea gas pipeline
Finland and Estonia are continuing their investigation into serious damage that occurred in October 2023 to their jointly-operated Balticconnector gas pipeline that rests on the floor of the Baltic Sea.
Orlen to receive fuel from Czech state reserves after WWII bomb shutters its Litivnov refinery
The WWII bomb found in the Litvinov plant weighs 250 kilogrammes and includes 100 kilogrammes of explosives.
Greece buys spot LNG cargo as renewables struggle in region
Greece has purchased a spot LNG cargo to be delivered to its Revithoussa terminal.
Qatar in talks to buy Rosneft stake in Germany's Schwedt refinery
Qatar is in negotiations with Germany over the potential purchase of Russian oil giant Rosneft’s majority stake in the German Schwedt oil refinery that Berlin placed under trusteeship in 2022.
The Nord Stream mystery: a timeline
The destruction of the Nord Stream pipelines in autumn 2022 marked an explosive end to a chapter in Russia-European energy ties.
EurOil: German government opposes North Sea gas project
Russian oil transit to Europe via Ukraine doubles in July, consultancy reports
The volume of Russian oil transported through Ukraine to European countries more than doubled in July to 1.09mn tonnes, up from 540,000 tonnes in June.
Gas consumption in Slovakia projected to stagnate
EU declines Hungary, Slovakia request to mediate in Ukraine-Lukoil sanctions dispute
The European Commission has rejected requests from Hungary and Slovakia to mediate a consultation with Ukraine over sanctions imposed by Kyiv on Russian oil producer Lukoil.
Hungary's MOL seeks to take oil at Russia-Ukraine border
The same arrangement might be made for Russian gas supplies through Ukraine after Kyiv and Moscow’s long-term transit contract expires at the end of this year.
OPEC receives updated compensation plans for over-production from Iraq and Kazakhstan
California unveils plan for refineries to stockpile gasoline to prevent price spikes
California’s governor, Gavin Newsom, has proposed a new plan to require oil refiners in the state to keep stockpiles of gasoline so that supply is maintained even when refineries undergo maintenance.
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