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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Bulgarian lawmakers to take control of Lukoil oil terminal
Lawmakers in the 240-seat parliament voted 144 in favour of a bill that would end Lukoil’s concession to run the Rosenets oil terminal near the Black Sea port of Burgas.
Czech Republic to continue importing Russian oil until 2025
The Czech Republic will continue importing Russian oil until 2025, at which point it will be able to switch to alternative supplies, an official at Czech pipeline operator Mero, Zdenek Dundr, told the local Pravo newspaper on July 21.
German resort town calls for probe into finances of LNG project operator
The German resort town of Binz has called for an anti-money-laundering probe into the finances of the operator of a planned LNG terminal that it opposes over its environmental impact.
Dubai replaces Geneva as key base for Russian oil trade
Dubai and other cities in the UAE have replaced Geneva as a major base for traders of Russia’s oil since Swiss authorities joined the EU embargo on that trade last year.
EurOil: EU mulls importing gas from Argentina
Shell may sell renewables unit
Oil supermajor Shell plc is “exploring options” for its global renewable power business, including a potential sale to outside investors, Bloomberg reported citing knowledgeable sources.
UK oil, gas industry rails against Labour's plan to end licensing
North Sea oil and gas association Offshore Energies UK (OEUK) has stepped up calls for the opposition Labour Party to abandon its pledge not to allow any new oil and gas exploration licences in UK waters to be issued.
Portugal's environment agency clears Galp biofuel project
Portugal’s environmental regulator this week cleared a project by the country’s main oil company Galp to bring online an industrial-scale facility to produce biodiesel and biojet fuel using cooking oils at its refinery in Sines.
UK Kraken FPSO restarts after transformer failure
EU mulls importing gas from Argentina
The EU is looking at potentially buying natural gas from Argentina in the future, in anticipation of the South American country’s planned expansion in domestic production that is expected to transform it from a net gas importer to exporter.
UK High Court backs gas project in southern England
Bulgaria mulls cancelling port concession of Russia-owned oil refinery
Bulgaria’s Change Continues-Democratic Bulgaria (CC-DB), Gerb and the Movement for Rights and Freedoms intend to end a port concession granted to Russia-owned oil refinery Lukoil Neftochim.
What is the outlook for Russian oil output this year?
OPEC maintained its forecast for Russian oil production this year at 10.28mn barrels per day in its latest monthly report, despite the government’s recently announced plan to curtail exports by 500,000 bpd in August.
Finland's Gasum resumes Russian LNG purchases
Novatek CEO Leonid Mikhelson said in June that Gasum had not bought any LNG from the Kryogas-Vysotsk plant, situated in north-west Russia, since April.
BP, SOCAR join forces on Israel bid amid Aphrodite optimism
The East Med is enjoying a resurgence in investor interest amid positive drilling results and ongoing uncertainty about supply.
ADNOC, OMV in talks for potential merger
Croatian opposition MPs leave Parliament, seek emergency session over HEP scandal
Almost all opposition MPs left the Croatian parliament on July 14 and urged the ruling coalition to call an emergency session to discuss the scandal with HEP's sale of gas at below market prices, as well as a judicial workers' strike.
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