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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€4bn Neptun Deep offshore gas project in Romania officially set for completion in 2027
Field is expected to cover most of Romania's gas consumption of around 12 bcm of gas per year and create significant export potential.
Kurdistan Region of Iraq PM first foreign leader to pay formal visit to re-elected Erdogan
European oil majors scale back climate ambitions and shift back to hydrocarbons
European oil majors are scaling back their ambitions in green energy and returning more focus to higher profit-yielding hydrocarbon projects in response to the energy crisis, aligning themselves more closely with their US counterparts.
BP, Orsted solve row over overlapping CCS, wind projects in the UK North Sea
In a letter, the pair said that a “commercial agreement had been reached” that meant that BP had “no remaining objection” to Orsted’s 2.6-GW Hornsea Four offshore wind farm, comprising 180 turbines.
Srbijagas establishes JV with Hungarian MVM Group
Serbia’s state-owned gas company Srbijagas signs a deal with the Hungarian MVM Group to form a joint venture company
European gas prices rebound amid planned Groningen shutdown, warm weather and Norwegian maintenance
European natural gas prices have once more spiked on reports that the Netherlands is set to follow through with its plan to close down the continent’s largest gas field, which has for decades caused earthquakes.
Romania’s Transgaz signs works commencement order for €500mn BRUA-Black Sea pipeline with Turkish company
Russia repeats calls for transparent probe into Nord Stream blasts
Russia has stepped up calls for a transparent investigation into the blowing up of the Nord Stream pipelines last week.
Australia's Pilot, Norway's KNCC, team up on CCS project offshore Australia
Australian oil and gas firm Pilot Energy and Norwegian tech firm Knutsen NYK Carbon Carriers (KNCC) have signed an MoU on organising a solution for marine transport and offshore injection of CO2 at the Cliff Head CCS project off Perth, Australia.
Lithuania's KN to invest €300 million by 2030
Spain’s LNG imports dip in May, reloads rise
Spain has reported a drop in LNG imports in May with imports of the super-chilled fuel falling by 12.8% according to Enagas, the owner and operator of Spain’s national gas grid.
Russian gas flow via TurkStream slumps to year-low
Russian gas exports to the EU via the TurkStream pipeline slumped to their lowest level in a year in May, amounting to only 774.6 mcm, or less than 25 mcm per day.
Italy eyes bringing forward deadline for ditching coal by one year
Italy is considering the possibility of closing its coal-fired power stations in 2024, one year ahead of schedule, if gas prices remain as low as they currently are, according to Environment Minister Gilberto Pichetto Fratin.
Russia to set expand oil supplies via southern Druzhba stream in June
This surge in supply is driven by EU refiners' desire to secure more oil amid concerns over potential disruptions in transit through Ukraine.
TotalEnergies takes FID on sustainable aviation fuel output at Grandpuits
France’s TotalEnergies has announced taking a final investment decision to increase the production of sustainable aviation fuel (SAF) at the Grandpuits biorefinery in France.
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