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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Hungarian PM proposes sanctions package should not be discussed at next European Council meeting
Poland terminates Yamal pipeline agreement ahead of schedule
Poland’s Climate and Environment Minister Anna Moskwa announced on May 23 that her country was terminating its inter-governmental agreement (IGA) with Russia on natural gas deliveries via the Yamal-Europe pipeline.
EC President Von der Leyen tells Davos countries of future 'don't need oil and gas'
European Commission President Ursula Von der Leyen told delegates at the annual World Economic Forum in Davos that Ukraine belongs in the “European family".
Russia halts gas deliveries to Finland
Gazprom, Russia’s state-run natural gas giant, said on Saturday, May 21 that it had stopped all deliveries to Finland as of 6:00 a.m. local time.
Bulgarian PM says Putin tried to split EU and bring down his government with targeted gas cut-offs
Kiril Petkov believes Moscow deliberately targeted Bulgaria, where top officials were divided between Russia hawks and Kremlin sympathisers, with the aim of destabilising the government.
US seen easing sanctions on Venezuela to meet Europe’s need for additional oil supplies
The US government is reportedly gearing up to ease sanctions on Venezuela’s national oil company PdVSA in order to facilitate deliveries to Europe.
Hammerfest LNG opening again delayed
Equinor has again delayed the start-up of the Hammerfest LNG export project at Melkøya in Norway after a fault with a compressor was discovered.
Sempra, PGNiG sign preliminary deal for LNG supply from two terminals
San Diego-headquartered Sempra Energy announced this week that it had signed a heads of agreement with Poland’s PGNiG on the purchase of 3mn tonnes per year of LNG from two projects over a 20-year period.
Romania hopes to unlock Black Sea natural gas projects with revised Offshore Law
The amendments have been expected for years to unlock several investment projects in the country’s Black Sea perimeters that could bring in 6 bcm of gas a year from 2027.
Brussels puts €300bn price tag on ending Russian energy imports, but relies on new spending on gas
The European Commission has set 2027 as its target date for ending Russian energy imports, warning it would require €300bn of fresh investment and that new short-term spending on fossil fuel infrastructure would be needed.
Downstream impact
NewsBase takes a brief look at some of the economic and political fallout from the Russia-Ukraine war, with a focus on regional markets for jet fuel and diesel around the world.
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