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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EurOil: Germany unveils plan to phase out Russian energy
Rosneft-owned Schwedt refinery near Berlin puts the problems with sanctioning Russian oil under the spotlight
The oil refinery in Schwedt supplies Berlin with 95% of its oil products, but it is owned by a Russian oil company and imports all its oil from Russia. Forcing it to stop is not so easy, the German government has found.
Croatia's Janaf stops delivering oil to Serbia's NIS because of EU sanctions on Russia
Aker BP gets OK to ramp up Skarv gas exports
Latvia mulls LNG terminal construction
Oil production in Azerbaijan lowered by 90,000 bpd
Germany unveils plan to phase out Russian energy
Russia warns ruble payments required within days
US steps up efforts to supply more LNG to Europe
The US has taken further steps to help send more LNG to Europe to replace Russian gas, but its capacity to significantly ramp up exports of the fuel remains limited.
Slovenia in talks with Qatar on gas supply opportunities
Croatia's INA to pay €13 per share dividend for 2021
Think-tanks say total halt to EU Russian gas imports possible by 2025
The EU stands a good chance of replacing 100% of its gas imports by 2025 without resorting to coal or new gas import infrastructure.
Confusion reigns over what Putin’s gas for rubles order means for Russia
Confusion is reining amongst analysts and energy traders over why Russian President Vladimir Putin has ordered gas export deals to all be settled in rubles on March 23. The main issue is Russia cutting itself off from earning dollars and euros.
Norwegian gas supply exceeds forecast in February
Serbia prepares to start talks on new Russian gas contract
Serbia has so far resisted calls from EU leaders to join western sanctions on Russia, though it has condemned the invasion of Ukraine.
COMMENT: The economic rationale for an oil and gas embargo on Putin’s regime
Stopping purchases of Russian oil and gas is likely to be the fastest way to stop Putin’s war in Ukraine. It is also the most economically efficient one.
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