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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Azerbaijan's oil is in decline, but gas is growing
Azerbaijan has established itself as one of the key players in the European energy sector, particularly in the context of oil and gas production and export.
Exploring Germany's long-term gas deal with Norway
Germany last month committed to a 10-year natural gas supply agreement with Norway, providing it with a source of stable and affordable energy to replace lost Russian deliveries.
Latvian government urges businesses to phase out Russian LPG imports
The Latvian government called on local companies to end Russian liquid petroleum gas imports as soon as possible and to adapt in time to the expected sanctions, Prime Minister Evika Silina (New Unity) said on January 22.
Serbia insists on new gas interconnector with Romania
EurOil: Shell takes FID on UK's Victory gas field
QatarEnergy pauses sending LNG vessels via the Red Sea amid Houthi attacks
QatarEnergy will pause sending LNG tankers through the Red Sea amid growing security concerns as Yemen’s Iran-back Houthi militia ramp up attacks in the busy shipping lane in support of the Palestinian Islamist group Hamas’ war with Israel.
Ukraine pitches gas storage use to German energy firms
Ukrainian national gas company Naftogaz intends to reach new agreements with foreign traders on boosting the use of the country’s vast underground natural gas storage facilities.
Shell takes FID on UK's Victory gas field
Shell has reached a final investment decision on the development of the Victory gas field in the UK North Sea, some 47-km northwest of the Shetland Island – a project set to come on stream in the middle of the decade.
Contract for jetty construction awarded for second Wilhelmshaven LNG terminal
FSRU Wilhelmshaven, a joint venture between Engie and Tree Energy Solution, has issued a contract to Dutch firm Van Oord for construction of a floating storage and regasification unit jetty at Wilhelmshaven in Germany.
Norway hails success of offshore licensing round, but NGOs manage to block key projects
Norway’s petroleum ministry hailed the success of its latest offshore oil and gas licensing round this year, awarding 62 licences to 24 energy companies in a latest push to continue momentum behind exploration and development.
South Africa's tax body demands $15mn from oil titan BP for a "disappeared" diesel consignment
Houthi rebels vow not to target Russian ships despite two accidental attacks on tankers
Houthi rebels have vowed not to target Russian ships passing through the Red Sea, potentially shielding both countries from some of the fallout on international trade caused by the crisis.
Poland’s anti-corruption police search Orlen offices
CEZ and CVC to compete for Czech gas network GasNet
The majority state-owned Czech energy utility CEZ and private equity group CVC Capital Partners are to place competing bids for the Czech gas distribution network.
Disagreements over payments reportedly holding up potential restart of northern Iraq-Turkey oil pipeline
US State Secretary Blinken urges Bosnian Croat leader to stop blocking gas link.
Planned natural gas pipeline to Croatia would end Bosnia's dependence on Russian gas.
Escalating tensions: a delicate balancing act
In the wake of a chilling attack by Hamas on Israel in October, the political climate in the Middle East has shifted from cautious optimism to a precarious tinderbox.
Kazakhstan exports 993,000 tonnes of oil to Germany in 2023
Bulgaria replaces Russian crude oil with imports from Kazakhstan, Iraq and Tunisia
Country's sole refinery Lukoil Neftochim Burgas has not imported any oil from Russia in January, as Bulgaria ends dependence on Russian hydrocarbons.
Spot LNG prices fall amid high storage levels
Spot LNG prices have tumbled amid high gas inventory levels in Europe and Asia, which have weakened demand for cargoes of the super-chilled fuel.
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