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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Istanbul-listed Zorlu Enerji to sell gas grid units to Palmet Enerji
Zorlu Enerji (ZOREN) has signed an agreement with Palmet Enerji to sell a 100% stake in its subsidiary Zorlu Enerji Dagitim, Zorlu Enerji said on February 13. The sale price will be set at closing of the transaction.
Fuels produced from Russian oil continue flowing to UK: CREA
Millions of barrels of fuel produced from Russian crude are still being imported into the UK.
Poland pledges oil supply if Germany's Schwedt refinery nationalised
Poland has committed to continue delivering oil to the Schwedt oil refinery in Germant in the event that Berlin nationalises the majority Rosneft-owned plant.
Diesel fuel price in Turkey breaks new record
The diesel fuel price at fuel stations on the European side of Istanbul was hiked by TRY2.57 per litre to TRY 44.29, a fresh record high, BloombergHT reported on February 13
Gazprom Export launches arbitration against Dutch firm Gasunie
Gazprom Export has filed a lawsuit against Dutch firm Gasunie at a St Petersburg arbitration tribunal, court documents show, but details of the case remain unclear.
Austria mulls how to break free from Russian gas
Austrian Energy Minister Leonore Gewessler said the government would look to end national gas company OMV’s long-term gas supply deal with Gazprom.
Russia extends permit for Yamal LNG to supply Germany’s SEFE until 2040
Russia has extended a permit allowing its Yamal LNG export terminal to continue supplying LNG to German state-run gas trader Securing Energy for Europe (SEFE) until the end of 2040, a government document published on February 9 revealed.
EurOil: Germany strikes gas pipeline deal with Algeria
Oil and gas companies to invest over $1 trillion in the next decade expanding production
A report from climate campaign group Global Witness reveals that the fossil fuel sector is anticipated to allocate more than $1 trillion worldwide over the next decade for the expansion of natural gas production.
More figures confirm dramatic uptick in imports of Russian gas to Czechia
Up to 62% of imported gas to Czechia has originated in Russia, preliminary figures by Net4Gas pipeline operator show.
More oil spilled from Orlen’s Lithuanian terminal than first reported, some reached Latvia’s waters
The amount of oil released into the Baltic Sea from the Butinge crude terminal on February 7 was larger than reported by Orlen Lietuva, and some of it has reached Latvian territorial waters.
Czechia in talks to purchase a share in German refinery MiRo
Aker BP hikes 2024 capex spending by 50%
Aker BP, Norway's second-largest listed oil group, has revealed ambitious plans to escalate capital spending by over 50% in 2024, targeting the development of new fields.
Germany mulls nationalisation of Rosneft assets
Germany is considering the nationalisation of Rosneft's assets within its borders, the Russian oil giant’s lawyers said on February 8.
Germany strikes gas pipeline deal with Algeria
German energy utility VNG has signed the country’s first pipeline gas deal with Algeria, with the latter’s state-owned oil and gas company Sonatrach.
Croatia to invest €400mn in gas pipelines construction
Analyst says Erdogan, Turkish elite won’t abandon Russia, with energy trade lucrative backbone in relations
Toronto-based explorer, developer Sintana Energy bullish about its oil prospects in Namibia
Greenpeace challenges environmental permit for Neptun Deep offshore project in Romania
Sweden closes investigation into Nord Stream pipeline explosions
The Swedish authorities have officially terminated their investigation into the explosions that destroyed the Nord Stream 1 and 2 gas pipelines and handed the files over to Germany, the Swedish Prosecution Authority said on February 7.
EU doubles gas storage withdrawals in January
Lukoil's Bulgarian refinery goes without Russian Urals in January
The Lukoil-owned Burgas oil refinery in Bulgaria did not receive a single batch of Urals crude last month.
State replaces nearly entire supervisory board of Poland’s Orlen
Moody’s expects Red Sea disruptions to cause oil price volatility
Ongoing tensions in the Red Sea may lead to volatility of oil prices amid trade disruptions in the area and elevated shipping, insurance and freight costs.
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