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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Hungary blasts Bulgaria for slapping transit fee on Russian gas
Oil companies say “no” to Iraqi Kurdistan oil exports via Turkey while overdue payments remain unresolved
Saudi, Russia to stick with voluntary output cuts
Saudi Arabia and Russia this week confirmed that they will extend their additional voluntary oil production restraint until the end of the year.
Guardian reports BP helped fund Azerbaijan’s aggression against Karabakh Armenians
Guardian reports that BP’s fossil fuel projects in Azerbaijan have helped fund the military aggression against Karabakh Armenians through the transfer of billions of dollars to the Azerbaijan government since 2020, a campaign group has claimed.
Oil prices defy analysts’ expectations and fall rather than rise after the outbreak of the Israeli-Hamas war
The oil price defied analysts’ expectations and fell rather than rose after the outbreak of the Israeli-Hamas war on October 7. A month later, despite a 3.7% drop in the price of a barrel of Brent, its value has returned to pre-war levels.
Kazakhstan to supply oil to Hungary via route bypassing Ukraine
INA announces gas discovery in eastern Croatia
Cyprus waits for Chevron reply before further Aphrodite talks
Cyprus is waiting for a reply from US oil giant Chevron before it makes any further comment on the status of negotiations between the two on the Aphrodite gas field or what may become of the gas field in the future.
Orlen Lithuania posts $223mn profit in Q3
Russian pipeline gas flow to EU down 2.4% in October
Russian pipeline gas supplies to the EU average to 2.74bn cubic metres in October, marking a 2.4% decline month on month.
EurOil: UK offers first licences in latest oil and gas round
Estonian government agrees to amend law to issue permit to oil processing plant
The Estonian government decided to amend the law to allow the granting of time-limited complex permits, which means that Enefit Power can submit an application for a new construction permit for the oil shale processing plant.
Gazprom mulls selling Bulgarian petrol stations
UK offers first licences in latest oil and gas round
The UK has issued 27 oil and gas licences in the first tranche of awards in its 33rd licensing round, the government announced this week, as it looks to spur ongoing exploration to build up the country’s hydrocarbon resource base.
Equinor makes oil, gas find in North Sea
Norway’s Equinor has made an oil and gas discovery 4 km west of the mature, large Oseberg field that the company operates in the centre of the Norwegian North Sea.
Russia says Polish gas transmission company might face fine unless it drops its lawsuit against Gazprom
Cyprus FSRU completes gas test, ready for November handover
The Cypriot FSRU Efyta Prometheas, which was an LNG tanker that has undergone conversion in Shanghai by China’s Cosco Shipping Heavy Industry, has completed its at-sea gas testing on the performance of the LNG cargo containment system.
Kazakhstan eyes increased oil exports to EU via Croatia
Kazakhstan is preparing for negotiations on expanding its supplies via the under-utilised Adria pipeline that runs through Croatia, as it looks to seize market share once held by Russia.
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