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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Aker BP launches Norway's Hanz oilfield
Norwegian operator Aker BP has brought on stream the Hanz field in the country’s North Sea zone, after tying the project back to an existing platform.
Scarcity & security: European impact of Biden's LNG decision
Biden’s LNG freeze make little sense for both European and the US energy security, and won’t promote a green energy transition.
Europe unlikely to tackle Russian LNG imports anytime soon
The European Parliament voted in favour of rules earlier this month that would enable individual EU member states to block Russian LNG imports, by preventing Russian companies from booking capacity at gas infrastructure.
High gas prices make EU industry uncompetitive: Sefcovic
High gas prices are seriously undermining the competitiveness of EU industry on the world stage.
Austria drafts bill on ending Russian gas imports in 2027-28
Austrian Energy Minister Leonore Gewessler has sent a bill to the country’s coalition government on halting Russian gas imports by 2027-28, even though state energy giant OMV’s long-term contract with Gazprom does not expire until 2040.
Engie acquires two biomethane plants in Netherlands
France’s Engie has bought two biomethane production sites in the Netherlands and has plans to expand them, as it looks to build up its position in the growing sector.
Dutch Senate clears law on Groningen's permanent closure
The Dutch Senate on April 17 approved a law on the permanent closure of the giant Groningen gas field, in line with a government pledge that production should never be resumed because of seismic risks.
LNG reigns supreme in low-carbon bunkering
Var Energi strikes oil in Balder area
Norwegian oil producer Var Energi has reported the discovery of 13-23mn barrels of recoverable oil resources at the Ringhorne North exploration well it drilled in the Norwegian Central North Sea.
Pieridae seeks to offload Goldboro permits after halting plans for LNG terminal
Calgary-headquartered Pieridae Energy has filed a request to the utility and review board in Nova Scotia for permission to sell its permits to Ireland’s Simply Blue Group to construct the Goldboro LNG terminal on Nova Scotia’s eastern shore.
European Parliament permits members to ban Russian LNG imports
The European Parliament has voted to adopt rules that will give member countries the legal basis to block Russian LNG imports through preventing Russian firms from booking the gas infrastructure capacity needed to deliver LNG to Europe.
EnQuest seeks stake sale at Golden Eagle
UK energy minister steps down
UK Energy Minister Graham Stuart resigned from his post after eight years in government on April 12, stating it was the right time to step down.
ADNOC reportedly held talks on BP takeover
UAE national oil company ADNOC recently considered the acquisition of BP, but talks did not make progress beyond preliminary stages.
What next for oil markets after Iranian strike on Israel?
For the time being, traders have apparently shrugged off fears of a direct war between Israel and Iran, but escalation is still a significant risk.
LNG imports improving EU energy security as Russian gas supplies fall to 8% of gas imports
Liquefied natural gas helps make Europe’s gas supply more secure as it doesn’t rely on existing pipeline infrastructure, allowing EU countries to diversify the sources of their imports, the European Commission (EC) said in a recent report.
Hungarian government to consider reintroducing fuel price cap
Hungary's government will consider whether to enforce lower fuel prices after a review by the Central Statistics Office of regional average price levels
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