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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Hammerfest LNG suffers gas leak
Equinor announced on May 31 that a gas leak at the Hammerfest LNG plant in Norway had been successfully stopped and the process of normalisation has commenced. However, the company has not said when production at the facility will resume.
European gas outlook improves, but further winter risks ahead
Natural gas prices have fallen to levels not seen in two years, and the continent looks increasingly well-positioned to make it through next winter, given the fast rate at which gas storage volumes are being replenished.
Trinidad and Tobago supplies Croatia’s Krk terminal with LNG cargo
Trinidad and Tobago’s Atlantic LNG facility located in Point Fortin has supplied Croatia’s floating storage and regasification unit-based (FSRU) Krk terminal with an LNG cargo, LNGPrime reports.
MOL acquires biogas plant operator
Results from the UK's first carbon storage round
The UK has announced the preliminary results of the country’s first ever carbon storage licensing round, as the country looks to take a global leadership role in developing the emerging technology.
Shareholders reject Norway fund's bid to have ExxonMobil, Chevron adopt stricter climate targets
Shareholders have rejected an attempt by the world’s largest investment fund, Norway’s $1.4 trillion sovereign wealth fund, to push ExxonMobil and Chevron to adopt stricter climate targets.
Serb Republic mulls paying for Russian gas in rubles
Dodik met with Russian President Vladimir Putin last week in Moscow and officials from both countries discussed energy industry co-operation.
EU gas demand platform deemed success by Brussels
The European Commission has said that the joint gas purchase platform that it launched earlier this May has been shown to be a “remarkable success”, in that most of the gas needs of countries participating in the first tender round were met.
Algerian natural gas exports to Southern Europe remains strong so far in 2023
Algerian natural gas exports to Southern Europe remained strong so far in 2023, as Italy’s demand is high and gas flows to Spain have recovered and are reaching their highest levels.
European Commission calls for ending of energy support measures this year
The European Commission called on member states this week to phase out measures aimed at protecting consumers from high energy prices by the end of the year in order to safeguard public finances.
Fertiliser group Azoty’s poor Q1 results feeds speculation of Orlen takeover
Warsaw-listed fertiliser maker Azoty suffered a PLN555mn (€122.8mn) net loss in the first quarter
LSE-listed oiler Gulf Keystone scraps dividend plans with Iraqi Kurdistan oil flows to Turkey still blocked
Subsea7 awarded contract by Turkish Petroleum for Sakarya Black Sea gas field development second phase
Eni chief says EastMed Gas Pipeline would need Turkey’s participation
Eni CEO Claudio Descalzi has told an Italian parliamentary committee that construction of the proposed 1,900-km, $6bn EastMed Gas Pipeline would require the participation of Turkey if it is to become a reality.
OPINION: Azerbaijan’s energy diplomacy pivots to the Balkans
Azerbaijan can’t fully substitute for Russian gas at the pan-European level, but it can play a crucial role in promoting the energy security of individual states.
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