EurOil - Europe Oil & Gas

Category
Oil & Gas

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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Russia's Gazprom provides more gas storage to Serbia at Banatski Dvor UGS

27 March 2023

Russia's Gazprom has provided Serbia with an additional 100mn cubic metres of storage at the Banatski Dvor underground storage facility, TASS news agency reported this week.

Libya’s NOC to set up new unit to increase gas exports to Europe

27 March 2023

The head of Libya’s state-owned National Oil Corporation (NOC), Farhat Bengdara, has revealed plans to attract more oil investments, boost production and introduce a new gas unit to study the possibility of increasing gas exports to Europe.

Denmark invites Nord Stream 2 operator to salvage object

26 March 2023

Denmark has invited the Russian-owned operator of the Nord Stream 2 gas pipeline to help salvage an unidentified object that was found near the only string that was unaffected by sabotage attacks last September.

Iraq wins arbitration case against Kurdistan oil exports to Turkey

26 March 2023

Baghdad has long tried to stop the pipeline flows. Ankara said to be on the hook for $1.5bn compensation.

Russia proposes hiking domestic gas tariffs to offset lost export revenues

26 March 2023

Russia’s State Duma has proposed revising domestic tariffs for gas use to offset the losses Gazprom has sustained from losing much of its gas market share in Europe.

Romania to amend solidarity contribution definition to cover OMV Petrom

22 March 2023

The government and the lawmakers in Romania are working on amending the solidarity contribution calculation methodology so as to include OMV Petrom among the companies required to pay part of their windfall profit generated last year to the budget.

EU leaders to urge companies to take part in joint gas purchases this week

21 March 2023

Europe’s energy security, hard hit by Russia’s significant reductions in pipeline gas supply to the continent over the last year, has improved, but EU leaders stress the need for preparations to be made for next winter.

Novatek sees profits double in 2022 on higher LNG export revenues from Europe

20 March 2023

Novatek reported a doubling of profits in 2022, Interfax reported on March 16, thanks to a jump in shipments to the highly-priced European market, despite fallout from Moscow’s war in Ukraine.

Turkey eyes 40 bcm per year gas exports

20 March 2023

Turkey wants to position itself as a key natural gas exporter on the back of its key Sakarya discovery in the Black Sea, the country’s energy minister, Fatih Donmez, said.

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