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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Serbia prepares 146-km gas pipeline connection with North Macedonia
Global diesel shortage pushes prices over $1,000 per tonne
Oil refineries worldwide are grappling with challenges in meeting the demand for diesel, a crucial fuel that powers various sectors of the global economy, Bloomberg reported on September 19.
Montenegro mulls lowering excise duties on oil derivatives
Romania rejects OMV’s request to amend Offshore Law
EurOil: Ithaca to assume full control of UK's Cambo field
EU continues calls to eliminate Russian LNG
EU Energy Commissioner Kadri Simson called on September 14 for the bloc to curb its Russian LNG imports with the end-goal of eliminating them completely, as Brussels considers ways of further strangling Moscow’s revenue source.
PGNiG eyes operatorship of Barents Sea CO2 storage licence
PGNiG, a subsidiary of Poland’s ORLEN Group, has set its sights on operatorship of the only CO2 storage licence to be awarded in the Norwegian Barents Sea, after signing a letter of intent to team up at the project with current operator Horisont
Ithaca to assume full control of UK's Cambo field
EnQuest blames UK windfall tax for H1 loss
The head of UK oil producer EnQuest has blasted the impact of the country’s windfall tax on oil and gas profits, blaming the policy for the loss it sustained in the first half.
COMMENT: What to expect if Bulgaria expels Lukoil
Russian oil company effectively used its business activities to develop enormous political leverage in Bulgaria.
Eni expects North Africa to be Italy’s main source of gas for the next few years
Eni expects three North African countries to be Italy’s main suppliers of natural gas for the next few years.
Investments in UK offshore energy, low-carbon tech could hit $250bn by 2030, says OEUK
Investments in offshore UK energy and low-carbon technologies could hit GBP200bn ($250bn) this decade, according a new report by industry association Offshore Energies UK (OEUK).
THE VIEW FROM MITTELEUROPA: Austria struggles to kick addiction to Russian gas
But cold turkey looms at the end of next year when Ukraine looks set to suspend pipeline shipments.
Russia's lost opportunity in the energy transition
Russia has lost, potentially irrevocably, its status as Europe’s top gas supplier as a result of its invasion of Ukraine and its subsequent weaponisation of supplies.
OMV Petrom to distribute extraordinary dividend
Turkey claims $956mn from Iraq in tussle over arbitration ruling that triggered halt to Kurdistan region’s oil flow
Czech oil imports from Russia rose to a decade high in 1H23
Share of Russian crude oil imports into Czechia is the highest since 2012 at 65%.
Five CEE countries to work jointly on vertical gas corridor market tests
Bulgaria, Greece, Hungary, Romania and Slovakia will work jointly to test the market interest in capacity expansion projects along the so-called Vertical Gas Corridor.
EurOil: Wintershall plays down hit to loss of Russian business
Repsol enters US onshore wind market with $768mn purchase
Spanish oil and gas company Repsol has agreed to buy the renewable energy platform ConnectGen, with a 20-GW pipeline and development capabilities, for $768mn from Quantum Capital Group.
Spanish dependence on Russian LNG grows in July
Spain’s reliance on Russian natural gas, imported in LNG form, is increasing, even though its overall imports of the fuel are dropping, government data showed on September 8.
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