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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North Macedonia and Serbia advance plans for new gas interconnector
North Macedonia's Transport Minister, Aleksandar Nikoloski, discussed plans for a new gas interconnector with Serbia during a meeting in Belgrade on September 5 with Serbia's Energy Minister Dubravka Djedovic Handanovic.
Slovenian government approves plan for Lendava-Ljutomer gas transmission pipeline
The Slovenian government has approved the spatial plan for Lendava-Ljutomer gas transmission pipeline, a crucial project aimed at connecting the Slovenian and Hungarian gas pipeline systems.
Shell to cut 20% of exploration staff as CEO expands cost-saving drive to core oil business
CEO Wael Sawan is targeting a 20% cut in these divisions, extending his cost-saving initiatives beyond the previously affected renewables and low-carbon segments.
Turkish-Turkmen gas supply plans for Europe: strategic masterstroke or risky bet?
Turkmenistan is the fourth-largest holder of confirmed natural gas reserves in the world, with an estimated 19.5 trillion cubic metres of reserves.
Putin proposes new gas deal with Serbia
Russian President Vladimir Putin has proposed initiating discussions with Serbia on a new gas agreement as the existing deal is set to expire in March 2025, local news portal eKapija reported on September 4.
MOL starts production at green hydrogen plant at Hungarian refinery
MOL has started production at the largest green hydrogen plant in Central and Eastern Europe, located at its Danube refinery near Budapest. The 10-MW capacity plant will produce 1,600 tonnes of carbon-neutral green hydrogen annually.
Aphrodite partners resubmit development plan to Cyprus government for East Med gas field
Spanish oil services company Tecnicas Reunidas reportedly in advanced talks to construct $3bn gas development project in Kazakhstan
Croatian energy prices to rise by 10-15%
Greece to carry on investing in gas while predicting 70% decline in demand by 2050
Greece’s revised National Climate and Energy Plan forecasts a near 70% decline in natural gas demand by 2050, but still expects significant investments in gas infrastructure, gas-fired generation and domestic production in the nearer term.
Ukrainian gas storage may prove crucial for European traders as Russia transit deal nears end
Ukraine's gas storage facilities could become increasingly valuable to European traders as the transit contract between Ukraine and Russia nears its expiry.
BlueNord suspends output guidance at Denmark's Tyra field
Norway's BlueNord has once more suspended its output guidance to reflect slower-than-expected production growth at Denmark’s Tyra gas field.
Phillips 66 secures planning approval for carbon capture at Humber refinery
Phillips 66 has secured planning approval to install a carbon capture plant at its Humber refinery in the UK.
Norway remains committed to oil and gas, says energy minister
TotalEnergies to power UK's Culzean platform with wind
TotalEnergies has launched a pilot project to install a floating wind turbine near one of its UK North Sea platforms to reduce the facility’s emissions from power generation.
Gazprom back in black in H1 after suffering loss in 2023
Russia’s traditional cash cow is once more generating profit after a disastrous performance last year.
Azerbaijan begins supplying natural gas to Croatia
Turkey’s gas-hub-for-Europe ambition boosted by Shell LNG deal
Hungary warns of significant challenge caused by Kyiv's sanctions on Lukoil oil
Hungary faces a significant challenge following Ukraine's suspension of Lukoil’s oil supplies via its territory.
Germany set to extend trusteeship over Rosneft assets
The German government plans to extend the trusteeship of Rosneft’s stake in the Schwedt oil refinery and the Russian company’s other assets in Germany.
Lofty EU hydrogen goals unlikely to be met
The EU has placed a lot of faith in green hydrogen as a means to decarbonise its economy, but there is doubt about whether Brussels’ ambitious goals can be delivered on.
Energo: Lofty EU hydrogen goals unlikely to be met
Hungary's gas deliveries guaranteed for long term, chief diplomat says in St Petersburg
Hungary is ready for the heating season and natural gas supplies are being maintained from the south, Peter Szijjarto, Minister of Foreign Affairs and Trade, said in St Petersburg on August 30 after talks with Aleksei Miller, CEO of Russia's Gazprom.
Serbia to receive Azerbaijani gas this winter, says foreign minister
Serbia will have access to Azerbaijani gas this winter, Serbian Minister of Foreign Affairs Marko Duric announced during the first day of his official visit to Baku on September 1.
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