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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Portugal's environment agency clears Galp biofuel project
Portugal’s environmental regulator this week cleared a project by the country’s main oil company Galp to bring online an industrial-scale facility to produce biodiesel and biojet fuel using cooking oils at its refinery in Sines.
UK Kraken FPSO restarts after transformer failure
EU mulls importing gas from Argentina
The EU is looking at potentially buying natural gas from Argentina in the future, in anticipation of the South American country’s planned expansion in domestic production that is expected to transform it from a net gas importer to exporter.
UK High Court backs gas project in southern England
Bulgaria mulls cancelling port concession of Russia-owned oil refinery
Bulgaria’s Change Continues-Democratic Bulgaria (CC-DB), Gerb and the Movement for Rights and Freedoms intend to end a port concession granted to Russia-owned oil refinery Lukoil Neftochim.
What is the outlook for Russian oil output this year?
OPEC maintained its forecast for Russian oil production this year at 10.28mn barrels per day in its latest monthly report, despite the government’s recently announced plan to curtail exports by 500,000 bpd in August.
Finland's Gasum resumes Russian LNG purchases
Novatek CEO Leonid Mikhelson said in June that Gasum had not bought any LNG from the Kryogas-Vysotsk plant, situated in north-west Russia, since April.
BP, SOCAR join forces on Israel bid amid Aphrodite optimism
The East Med is enjoying a resurgence in investor interest amid positive drilling results and ongoing uncertainty about supply.
ADNOC, OMV in talks for potential merger
Croatian opposition MPs leave Parliament, seek emergency session over HEP scandal
Almost all opposition MPs left the Croatian parliament on July 14 and urged the ruling coalition to call an emergency session to discuss the scandal with HEP's sale of gas at below market prices, as well as a judicial workers' strike.
Motor fuel sales in Hungary fall 20% in H1
HEP surplus gas sale situation to be resolved, says Croatian PM
Croatian Prime Minister Andrej Plenkovic confirmed on July 13 that the issue of HEP power utility's surplus gas sale will be “fully addressed”, with necessary decisions taken if required.
EU claims of New Delhi acting as a Russian middleman shrugged off in India
EU officials say bloc needs to crack down on what is essentially the reprocessing and selling on of sanctioned Russian crude oil by New Delhi.
Enagas names Russia as Spain’s largest LNG supplier in June 2023
Russia was the largest supplier of LNG to Spain in the month of June, providing more than a quarter of the country’s total purchases, according to Enagas data.
OMV Petrom reports subdued operations in Q2
Romania’s major oil and gas company OMV Petrom reports in a trading update that its power generation unit has not operated in Q2, while the refinery utilisation rate plunged to 31% and the extraction operations have diminished as well.
OMV head says his country will continue to source most of its gas from Russia
Alfred Stern, CEO of the Austrian energy group OMV, says his company will continue to source the majority of its natural gas supplies from Russia in the winter of 2023/2024.
Turkey to automatically hike gasoline tax in every six months
Turkey’s ruling Justice and Development Party (AKP) has filed an omnibus bill with Parliament that includes an article to automatically hike the special consumption tax (OTV/SCT) on fuel products.
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