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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IEA expects an inflection in oil markets in 2023 when demand will exceed supply
The International Energy Agency reports that oil demand this year will grow by 1.9mn bpd, to a record 101.7mn bpd, and supply by 1mn bpd, to 101.1mn bpd, in its first monthly report for 2023 released on January 18.
Equinor hails Norway's first hydrocarbon discovery of the year
Germany's Wintershall Dea departs Russia
EU acts to conserve gas in 2022 with new regulations
UK hails success in first oil and gas licensing round since 2020
Gazprom supplies to Europe down 22% in first half of January
Kazakhstan to send oil to Germany via Russian pipeline
It plans to export 1.5mn tonnes of crude this way in 2023.
Hungary negotiates importing Azerbaijani gas
Operator repairs exploded gas pipeline in northern Lithuania
AfrOil: Snam acquires 49.9% stake in Algeria-Italy gas pipelines from Eni
The Italian natural gas grid operator Snam has acquired Eni’s 49.9% stake in companies operating two groups of gas pipelines between North Africa and Italy for €405mn ($435mn).
Bulgaria mulls taking control of Russia-owned oil refinery
OMV Petrom argues it is not subject to solidarity contribution
Bosnian Federation cuts price of natural gas by 9.6%
Norway offers up licences in latest APA round
LONG READ: Putin has lost this winter gas battle, but another energy crisis is ahead
Russian President Vladimir Putin needed a very cold winter. He didn’t get it. As a result, Europe’s gas storage tanks are at record-high levels and the price of gas has crashed on the Dutch TTF exchange to below pre-war levels.
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