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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Iraq wins arbitration case against Kurdistan oil exports to Turkey
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
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.
Croatia’s anti-corruption office launches new probe into former CEO of pipeline operator Janaf
Consortium led by MOL closes Alteo takeover
Hungary defies European peers by sticking to Russia as a major gas supplier for next 5-8 years
Srbijagas to step up regional cooperation
Romania to amend solidarity contribution definition to cover OMV Petrom
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
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
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
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.
G7 seeks to keep $60-per-barrel cap on Russian oil
The G7 group intends to keep the current price cap on Russian crude oil at $60 per barrel, as originally set in December last year, despite some calls from some EU member states to lower the price.
Equinor reports eighth discovery near Troll
Norway’s Equinor has reported its second hydrocarbon discovery off the coast of Norway and its eighth near the giant Troll gas field since 2019.
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