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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ADNOC signs 15-year LNG supply deal with German firm
Abu Dhabi National Oil Company on Saturday, 14 December, said it had signed its third long-term sale and purchase agreement for low-emission LNG from the Ruwais LNG project, this time with Germany's EnBW Energie Baden-Württemberg.
SOCAR holds financing talks with Italy's Intesa Sanpaolo bank
A delegation led by Zaur Gurbanov, vice president of Azerbaijan’s state oil company SOCAR, has visited Milan, Italy, for a series of high-level meetings with Italy’s Intesa Sanpaolo bank.
More help needed for Ukraine’s ravaged energy sector
A multi-million-euro fund launched by Ukraine’s European allies to help the war-ravaged energy sector is running low on cash as power providers struggle to keep the lights on this winter.
Slovakia in "very intense" talks to continue Ukrainian gas transit
Slovakia’s government is holding “very intense” negotiations over natural gas supplies in 2025, including on the continued transit of the fuel through Ukraine, despite the looming expiry of the Russia-Ukraine transit deal after December 31.
OMV terminates Russian gas deal after losing supply
OMV has ended its long-term gas supply contract 26 years before its set expiry date.
EurOil: Northern Ireland bans onshore oil and gas exploration
US expected to impose sanctions on Serbia's NIS over Russian ownership
Serbia president says US sanctions targeting Gazprom-owned NIS will take effect in the coming days, with the UK likely to follow.
Slovakia will continue supplying Czechia with processed Russian oil for another six months
Slovakia prolongs exemption from EU sanctions on oil products from imported Russian oil.
Bulgaria terminates contract for expansion of Chiren gas storage
Serbia, Azerbaijan discuss gas-steam plant construction in Nis
Serbia and Azerbaijan are advancing plans to diversify Serbia's energy supply through the construction of a 500-MW gas-steam power plant in Nis, Serbia's third largest-city, as part of their deepening energy cooperation.
Poland’s Orlen ditches largest petrochemical project in Europe
Refiner's stock plunges 3.5% after it announced it will not pursue its Olefins 3 petrochemical project.
Qatar-Turkey-Europe gas pipeline ambition could be back on following fall of Assad
Plan was rejected by Syria 15 years ago as, according to some observers, Damascus moved to protect ally Russia’s interests.
Bulgaria threatens to cut transit of Russian gas to Serbia
Caretaker Energy Minister Vladimir Malinov warns Bulgaria could end gas transit to Serbia to avoid breaching new US sanctions on Gazprombank.
Equinor exits Azerbaijan and Nigeria in deals worth $2bn
Norway’s state oil company Equinor has completed its exit from upstream operations in Azerbaijan and Nigeria, finalising transactions valued at up to $2bn.
UK court dismisses Viaro case over decommissioning costs
A UK High Court has dismissed a case brought against Viaro Energy subsidiary RockRose Energy over decommissioning costs tied to the Brae oil and gas field.
Varo Energy in talks to buy Preem's Swedish oil refineries
European energy company Varo Energy is in negotiations to acquire Preem's two Swedish refineries.
Northern Ireland bans onshore oil and gas exploration
The Northern Ireland Executive has endorsed Economy Minister Conor Murphy’s proposal to prohibit onshore oil and gas exploration and production, including hydraulic fracturing.
Equinor launches tieback at Asgard off Norway
Equinor has commenced oil and gas production at the Smorbukk North development, a satellite project tied back to the Asgard field in the Norwegian Sea.
Equinor, Shell merge their UK upstream operations
Through the move, the pair are aiming to make savings by streamlining their operations, making them more resilient under the pressure of the hefty tax burden placed on the UK oil and gas industry.
OMV Offshore Bulgaria sells 50% of Han Asparuh to Israel’s NewMed Energy
OMV Petrom’s operating company in Bulgaria has sold 50% of the offshore Han Asparuh block to Israel’s NewMed Energy. The deal should do much to incentivise the project.
EurOil: Harbour brings on stream UK's Talbot field
EXPLAINER: US sanctions on Gazprombank and what they mean for Russian gas in Europe
The sanctions have created some uncertainty and difficulties, but are unlikely to cause disruptions to gas flows, especially now that Russia has eased its own restrictions for payments.
OPEC+ extends delay to easing restrictions
OPEC+ has further delayed its plan to ease oil production quotas
Serbia to expand gas purchases from Russia
Serbia is negotiating a new agreement with Russian energy giant Gazprom to increase natural gas imports. The talks come ahead of the expiry of Serbia’s current three-year supply contract in March 2025.

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