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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Chevron spuds appraisal well in Cyprus Aphrodite field
US energy giant Chevron has spudded an appraisal well in the Aphrodite field offshore Cyprus. Discovered by Noble Energy in December 2011, the Aphrodite field has an estimated gas resource of 4.5 trillion cubic feet.
Democrats raise concerns with Biden administration over climate impact of LNG
Over 40 Democrat lawmakers have asked the Biden administration to more carefully analyse the climate and environmental justice impacts of the expansion of the LNG industry across the country.
RWE planning to exit controversial Ruegen LNG terminal
German utility RWE AG is leaning towards exiting the controversial LNG project on the Baltic Sea island of Ruegen following the emergence of political rows over the location of the terminal, Bloomberg reported on May 10.
EU lawmakers back methane emissions requirements for energy sector
Members of the EU Parliament voted on May 9 in favour of rules that would require operators of oil and gas infrastructure to cut their methane emissions, setting the stage for tough talks with member states with currently lax national rules.
Albania starts talks on new biogas law
The Albanian government has opened the consultation process on a law to promote the production and use of renewable energy sources for the transport sector through the use of biofuels for internal combustion engines.
Cerulean to build $25bn subsea grid in North Sea for offshore wind, oil and gas rigs
Cerulean Winds will build a $25bn subsea grid for offshore wind for oil and gas rigs in the central North Sea.
Italy's Eni faces country's first climate suit
Italian oil company Eni is facing the first climate lawsuit in Italy, brought by environmental groups Greenpeace Italy and ReCommon. The plaintiffs allege that Eni engaged in lobbying and greenwashing to promote fossil fuels.
PKN Orlen faces millions in losses as a result of Russian oil ban
Poland's state-controlled oil company PKN Orlen is facing significant financial losses as it grapples with finding alternative supplies for its Czech refinery due to the ban on Russian crude oil.
Lukoil closes sale of Sicilian refinery
Lukoil has closed the sale of its ISAB oil refinery on the Italian island of Sicily to G.O.I. Energy, the company reported on May 4. The completion of the deal, reached in January, comes after it received approval from Italian authorities last month.
Bulgaria’s Radev remarks on country’s gas hub status at Delphi Forum
Bulgarian President Rumen Radev clearly expressed his pride in the distance that his country has come as a gas transiting hub in a short time in the comments he made at the Delphi Economic Forum in Greece last week.
Neptune brings online new North Sea field
Neptune Energy has kicked off production at the Fenja oil and gas field off the coast of Norway, Fenja, operated jointly by Neptune and partners Var Enerji, Sval Enerji and DNO, is designed to produce 35,000 boepd at peak.
Latvia's LNG terminal plan stalled
First floating wind farm planned in Arctic, to be linked to oil platform
Plans for the first floating wind farm in the Arctic have been unveiled. The project would be in Norwegian waters and linked to an oil exploration platform.
Russian vessels reportedly spotted in run-up to Nord Stream pipeline explosions
Russian vessels capable of performing underwater operations were near the site of explosions that ruptured the Nord Stream pipelines in late September last year.
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