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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UAE withdraws from OPEC following years of frustration
The UAE will officially leave the OPEC alliance in May, driven by mounting frustrations over production quotas that constrained its expanded capacity.
Brazil diesel shipments diverted mid-voyage
At least two vessels carrying Russian diesel to Brazil have reversed direction in the Atlantic and are now sailing towards the Suez Canal, indicating sellers may be seeking higher-priced spot sales elsewhere.
Bosnia, Croatia sign gas pipeline deal despite civil society backlash
Southern Interconnection intended to boost energy security and reduce reliance on Russian gas, but civil society groups warn it risks locking the region into fossil fuel dependence.
Romania receives US clearance to restart Lukoil refinery operations
Romania has obtained authorisation from the US Treasury’s Office of Foreign Assets Control (OFAC) allowing the restart of operations at the Petrotel refinery owned by Russia’s Lukoil.
Kazakh hydrocarbon discovery reported at Kashagan’s Fatima formation
North Caspian Operating Company (NCOC) has identified promising hydrocarbon reserves at the Fatima suprasalt formation at Kazakhstan’s giant Kashagan oil field.
Kazakhstan to build 12 vessels to expand Caspian shipping capacity
Kazakhstan plans to build 12 new vessels by 2029 as part of efforts to strengthen its civil maritime fleet and expand its role in international shipping on the Caspian Sea.
Czechia wants to import 2bcm of gas from Azerbaijan a year, Czech industry minister says
Czechia wants to import 2 billion cubic meters of gas from Azerbaijan a year, Czech Minister of Industry and Trade Karel Havlíček (Ano) stated during his visit to Azerbaijan.
NGOs urge Western Balkans to avoid ‘gas lock-in’
47 civil society organisations call on Western Balkan governments to abandon plans for new gas infrastructure, warning the region risks becoming locked into costly fossil fuel dependence.
Czech government is in talks with Slovakia over fuel supplies from Slovnaft refinery
The Czech government is in talks with its Slovak counterpart over shipments of fuel from the Hungarian MOL-owned Slovnaft refinery in Slovakia.
MOL-NIS deal may become ‘collateral damage’ of Hungarian elections, Serbian analyst says
The election victory by Peter Magyar has thrown MOL's bid for a controlling stake in Serbia's NIS into uncertainty, as Russia declared Hungary a "hostile state", Sebian analysts says.
Fico says 119,000 tons of oil is expected to arrive via Russian Druzhba to Slovakia in April
An expected 13,500 tons of oil is to arrive via the renewed Russian Druzhba oil flow to Slovakia on April 23. Altogether, the Druzhba pipeline is expected to import 119,000 tons of oil by the end of the month, according to PM Fico.
Ukraine restarts Druzhba oil transit, first shipments en route to Hungary and Slovakia
Hungary and Slovakia previously claimed Ukraine was using the suspension of crude oil deliveries on the Druzhba pipeline as leverage to pressure them into backing a €90bn loan package.
Slovak Minister of Economy expects renewed Druzhba oil imports in coming hours
Slovak Minister of Economy Denisa Saková (Hlas) expects renewed oil imports via the Russian Druzhba pipeline in the morning hours of April 23.
Czech Minister of Industry and Trade says country has reserves of jet fuel until autumn
Russia may halt Kazakh oil flows to Germany via Druzhba pipeline
Russia may stop oil exports from Kazakhstan to Germany via the Druzhba pipeline starting from May 1, it was reported on April 21, with three industry sources cited.
OKEA buys into Norway's Mistral find
Norwegian oil and gas firm OKEA has agreed to sell its 20% stake in the PL1119 licence containing the Mistral discovery in the Norwegian Sea.
Incoming Hungarian PM calls on Ukraine to let Druzhba flow
Hungarian election winner Peter Magyar on April 20 urged Ukrainian President Volodymyr Zelenskiy to reopen the Druzhba pipeline as soon as it is ready, and called on Russia to resume shipments.
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