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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Saudi, Russian oil cuts rolled over until year-end
Saudi Arabia and Russia this week announced that they would extend the voluntary oil production cuts that were implemented in July until the end of the year.
Energy remains top topic at East Mediterranean summit
Leaders of Israel, Greece and Cyprus met in Nicosia on 4 September to discuss energy development in the East Mediterranean again, and the prospects for exporting their natural gas resources to neighbouring countries and especially Europe.
Russian Lukoil’s oil terminal comes under Bulgarian control
EurOil: EU again voices concern over buying refined Russian oil from India, without solutions
Hopes for pipeline progress raised as Turkish, Israeli energy ministers discuss energy cooperation potential
Can Europe simply ban Russia's soaring LNG imports too?
Europe has cut itself off from Russian gas following the destruction of the Nord Stream 1 & 2 pipelines last year, but imports of Russian liquefied natural gas have soared as it seeks sources of fuel and has few other options. Or does it?
Slovenian segment of gas pipeline to Hungary estimated at €121mn
Bulgaria’s Lukoil Neftochim instructed to draft plan for switch to non-Russian oil by September 8
Kazakhstan expects to transit at least 900,000 tonnes of oil via Druzhba pipeline to Germany within this year
Gulf Keystone raises ‘going concern’ doubts amid lack of Iraq, Turkey deal on continuing oil exports
Bulgaria to probe secret deals with blacklisted Russians on TurkStream construction
Prosecutors are probing allegations that Bulgarians officials secretly met sanctioned Russians to speed up construction of the local stretch of the TurkStream pipeline.
ExxonMobil says world will fail to meet Paris goal in 2050
Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.
Mocean, Aker partner on wave power for oil and gas hubs
Aker Solutions Subsea and Mocean Energy are entering a joint venture to extend the life of existing oil and gas hubs with wave energy.
Orlen's sales to Ukrainian customers surge by 61.9% in H1 2023
Polish energy giant Orlen made substantial gains in its sales to Ukrainian customers during the first half of 2023, increasing by 61.9% compared to the same period last year, Ukraine Business News reported on August 30.
Hungary-Slovenia gas interconnector gets green light
Slovak refinery Slovnaft wants prolongation of exemption from Russian oil embargo
The exemption for Slovnaft is in place until December due to Slovakia’s and Hungary’s high dependency on Russian crude.
Cyprus rejects Chevron’s Aphrodite development plan
A further delay in developing the Aphrodite gas field has come due to the Cypriot government’s rejection of a development plan for the island’s main offshore hydrocarbon resource proposed this summer by Chevron and its partners Shell and NewMed.
EU again voices concern over buying refined Russian oil from India, without solutions
The EU once more this weekend vented frustration at the “rapid” increase in Indian refined oil product exports to Europe that have been produced using Russian crude, without suggesting a proposal for curbing this trade.
Hungary’s gas storage level at 56% of annual consumption
Czechia buys RWE’s gas storage business in the country
Protest erupts against Krk LNG terminal expansion
Russia stems gas output decline in July
The year-on-year decline in Russian natural gas production in 2023 continued to slow in July, state statistics cited by the Moscow-based Vedomosti newspaper on August 24 showed, in part reflecting a recovery in exports to the European market.
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