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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Serb Republic seeks increased Russian gas imports
Bosnia’s Serb Republic intends to ramp up gas imports from Russia to support increased industrial demand.
Oil Terminal to build bitumen terminal in Constanta port with Swiss Euronova Energies
Romania’s Romgaz resumes drilling at Caragele deep reservoir
Italy spent $7.4bn on oil imports from Azerbaijan in 2023
Poland’s Orlen posts €6.4bn in profit in 2023
Azerbaijan becomes the main supplier of pipeline gas to Bulgaria in 2023
EU countries such as Italy, Greece and Bulgaria imported a record 492,900 terajoules of natural gas from Azerbaijan, marking a 2.5% increase from 2022, with the total value of these imports reaching about €6.2bn.
Indications grow Turkey-Russia trade hit by tightened US sanctions
Turkish exports to Russia sank 30% in January. Turkey’s banks facilitating payments wary of being shut out of US financial system.
Denmark's largest gas field still set for March relaunch
Denmark’s largest gas field Tyra remains on track for relaunch in March and will ramp up to full production capacity within four months.
Norwegian gas export could hit new record in 2024, says Equinor
Norwegian natural gas exports could reach a record high this year.
Bulgaria seeks strategic investor for Lukoil refinery on US trip
Bulgaria is seeking a “strategic buyer’ for the Russian Lukoil-operated Neftochim refinery in Burgas.
Germany's SEFE looks at converting storage sites and pipelines to hydrogen
Germany’s nationalised gas trader SEFE, which once belonged to Russia’s Gazprom, is looking at options for converting some of its underground natural gas storage facilities and pipelines for hydrogen use.
Shell plans German biomethane expansion
Shell is bullish on growth in Germany’s biomethane market, a top manager told Reuters on February 20, noting that its client base in the country was seeking decarbonised energy.
TPAO achieves record oil production in southeastern Turkey
North Macedonia’s Oilko gets regulatory approval to acquire remaining shares in Makpetrol
Greece’s new FSRU receives first LNG cargo
Greece has revealed that the country’s new floating storage regasification unit (FSRU) located in waters southwest of the Port of Alexandroupolis received its first LNG cargo.
Equinor puts out fire at Mongstad oil refinery
European gas prices hit low as winter's end nears
The front-month contract at the Dutch gas hub dropped to only $275 per 1,000 cubic metres on February 20, marking its lowest point since the summer, as Europe nears the end of yet another warm winter.
Ukrainian gas storage boosts EU savings, raises eyebrows on energy strategy
Ukrainian gas storage facilities have emerged as a crucial lifeline for EU companies, enabling savings of over $300mn and serving as a key component of Europe's winter energy strategy.
EU says no need to extend Ukrainian gas transit deal
The European Commission finally states position on future of Russian gas transit via Ukraine.
Putin plays down loss of European gas revenues
Vladimir Putin has brushed off the impact of Russia’s loss of market share in Europe over the past two years, stressing the country’s ability to find alternative markets and diversify its economy away from energy.
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