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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TotalEnergies fires up turbines ahead of Tyra field's restart
France’s TotalEnergies has powered up two gas turbines at the Tyra gas field ahead of the project’s restart following a lengthy redevelopment project, the company said on July 6.
Edison CEO says EastMed gas pipeline still in play
Nicola Monti, CEO of Italy’s Edison Group, said last week that the proposed EastMed Gas Pipeline, which would stretch from the gas fields in the East Mediterranean to Crete, Greece and on to Italy, is still a viable project.
Ukraine interested in LNG transportation via Bulgaria, joint renewable energy projects
Ukraine is interested in the transportation of liquefied natural gas via Bulgaria and its storage at the Chiren facility, as well as in joint renewable energy projects with Bulgaria.
TAP opens non-binding phase for new connection points in Albania, Greece
Natural gas transportation operator Trans Adriatic Pipeline AG (TAP) has invited interested parties to file non-binding connection requests for existing points in Albania, Greece and Italy and for new points in Greece and Albania.
Croatian government ends HEP's obligation to purchase gas from INA
The government had previously implemented a decree in September 2022 that obligated HEP to purchase gas on the domestic market to address disruptions in gas supplies.
OPEC+ members plan deeper cuts ahead of meeting
The two top oil producers in OPEC+, Saudi Arabia and Russia, have announced plans to prolong or make additional supply cuts in August as they seek to boost the price of crude.
Will Russian gas transit via Ukraine end after 2024?
Ukraine has delivered a stark warning that Russian gas transit via its territory, one of only two remaining routes that Russian gas can flow to Europe, is likely to cease at the end of next year with the expiry of a five-year deal with Russia.
TotalEnergies clears expansion at France's first biorefinery
TotalEnergies has cleared an expansion in the circular renewable feedstock it processes at the La Mede biorefinery in France's Provence-Alpes-Côte d'Azur region, the company announced this week.
Operators of Irish Barryroe field to wind down business
The operator of what was hailed as Ireland’s largest undeveloped oilfield has begun winding down its business, in a further dash to hopes of further offshore development in the country.
Spain’s El Musel terminal receives first LNG ship
The El Musel LNG terminal in north-west Spain received its first LNG ship on July 1 when Cool Racer, owned by Greece’s Thenamaris, arrived for its first unloading.
Europe should beware possible Turkish plans to provide backdoor route for Russian gas, warn academics
Europe should beware possible Turkish plans to provide a backdoor route for Russian gas, according to an analysis, titled Russian Gas by Any Other Name, written by two academics who looked at Ankara’s plans to set up a gas hub.
UK Oil & Gas secures loan for activities including Turkish Pinarova-1 project
AIM-listed UK Oil & Gas PLC has secured a GBP3mn loan from RiverFort Global Opportunities and YA II PN that will fund working capital requirements over the next 12 months.
Russia’s LNG exports drop 9% in first half of 2023
Russia has seen a dip in total LNG exports in the first half of 2023, Reuters reports. From January to June, Russia’s LNG deliveries dropped by 9.4% to about 14.4mn tonnes, according to data revealed on July 3 by Refinitiv Eikon.
Norwegian offshore strike averted after wage deal reached
Three labour unions in Norway have struck a wage deal with the owners of offshore drilling rigs, preventing strikes that would have disrupted exploration operations, union bosses said late on June 28.
Orlen eyes stake in German refinery but only if Rosneft exits
Poland's largest oil company Orlen is considering purchasing a stake in a refinery located in Schwedt, east Germany.
Greece gets 27 bids for gas grid capacity
Greek gas grid operator DESFA on June 27 revealed that it had garnered interest from 27 US and European companies seeking to reserve future capacity on its gas grid.
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