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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The sale of Lukoil’s Italian ISAB refinery in Italy for $1.5bn is close to completion
Orban invited to MOL’s board meeting as company opens new HQ
Azerbaijan's Socar reportedly pauses purchases of Russian crude oil for its Turkish refinery
Sitki Ayan, Turkish businessman and friend of Erdogan, sanctioned by US over oil sale links to Iran’s Quds Force
Mozambique’s first LNG cargo arrives in Bilbao
The first cargo of LNG exported from Mozambique was delivered to the Spanish port of Bilbao on December 7.
Rosneft takes hit from loss of German refining assets
Italian PM Meloni outlines new ambitious plan for Africa
The Italian PM Giorgia Meloni revealed her government’s new policy towards Africa, speaking at a conference in Rome. The plan will be named after and inspired by historical oil entrepreneur Enrico Mattei, who promoted fair policies for Africa.
Russian oil cap but OPEC+ keeps to its policy
Fallout continues from Russian oil price cap
The world's biggest oil producers
The United States is by far the world’s biggest producer of oil, having produced around 16.6mn barrels of oil on average per day in 2021, Statista reports.
RWE follows Uniper in suing Russian Gazprom over gas supplies
Turkmenistan: A shining city in a book of records
Russia is proposing a major reconfiguration of the Central Asian gas market. Eurasianet’s weekly Turkmenistan briefing.
Azerbaijan may become a shareholder of Latvijas Gaze
Hungary scraps fuel price cap after panic buying leaves pumps dry
The chaos and the hike in prices are a huge embarrassment to Prime Minister Viktor Orban, who introduced the cap in November last year to ease rising inflation before the election.
Can Russia sneak gas into the EU via a Turkish gas hub?
Russia has been eagerly pushing for the further development of Turkey as a “gas hub” for its gas supplies to Europe. Analysts are asking if this simply a ruse to dodge sanctions and surreptitiously continue to export gas to EU members.
Oil tanker jam forms off Turkey as Russian oil price cap disrupts markets
An oil tanker traffic jam has formed off the Turkish coast after the EU’s introduction of a price cap on global Russian crude supplies, the Financial Times reported on December 5. Turkish authorities are demanding new proof of full insurance cover.
All three refineries in Romania secured non-Russian oil
Ministers of Estonia, Lithuania and Poland praise importance of price cap on Russian oil
Italy seizes control of Russian-owned oil refinery in Sicily
On December 1, the Italian government placed the ISAB refinery – based in Priolo (Sicily) and controlled by the oil giant Lukoil – under public trustees' control, de facto seizing the asset from its Russian owners.
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