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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Slovakia seeks EU guarantees on Russian gas phase-out ahead of sanctions deal
Slovakia is pushing for firm guarantees from the European Commission and key EU member states over the future of its energy security, as it links this condition to its support for a fresh round of sanctions on Russian gas imports.
Slovenia’s Petrol under fire for gas station closures amid blackmail accusations
Four smaller gas stations run by Slovenian fuel retailer Petrol remain closed, with the company’s management staying silent about future plans.
EU mulls further cut in Russian oil price cap
The EU is considering a proposal to reduce the price cap on Russian oil from the current $60 per barrel and to introduce a mechanism for reviewing the cap every three months based on market trends.
SEFE secures further LNG supplies from Abu Dhabi, US
SEFE has bolstered its LNG supplies with new deals with ADNOC Gas and Venture Global
Poland targets 5bn cubic metres in annual biogas output by 2035, says BGK
The report noted that the EU’s REPowerEU initiative aims to replace part of the bloc’s Russian gas imports with biomethane. While Poland currently operates only one biomethane facility, 30 additional plants are under development.
PM Fico insists on blocking EU sanctions against Russia unless Slovakia obtains energy guarantees
Biogas, biomethane can meet 8% of Turkey’s gas needs, experts say
Biogas and biomethane derived from organic waste could meet approximately 8% of Turkey’s annual natural gas demand, according to experts.
MOL eyes Ukrainian pipeline to cut Russian oil dependence ahead of EU ban
Hungarian energy group MOL is seeking access to Ukraine’s Odessa-Brody pipeline in a bid to reduce Hungary’s reliance on Russian crude before the EU’s planned import ban comes into force in 2027.
Bulgaria probes Botas gas deal
Bulgaria’s anti-corruption body raided offices of the energy ministry and the gas companies Bulgargaz and Bulgartransgaz in an investigation of a contract with Turkish state-owned gas operator Botas.
BALKAN BLOG: Can Croatia become a European energy and transport hub?
Croatia has ambitions to become a gateway for energy and trade in Europe, but questions remain about how far this can be achieved in a competitive field.
North Macedonia launches construction of €60mn gas interconnector project with Greece
North Macedonia marked a significant milestone in its energy infrastructure on July 9 with the official launch of construction works for the long-awaited gas interconnector with Greece, a project valued at approximately €60mn.
Serbia's NIS adds Gazprom Neft executives to board
Serbian oil and gas producer NIS has appointed two executives from Gazprom Neft to its board of directors.
Kuwait Petroleum International opens Europe's largest service stations in Luxembourg
Kuwait Petroleum International announced the start of operations at its two new service stations, Berchem East and West, located on the motorway in Luxembourg, on July 8. These stations are recognised as the largest and most prominent in Europe.
Azerbaijan, Slovenia discuss gas supply expansion and green energy cooperation
According to a press release by Azerbaijan's Energy Ministry, both sides expressed satisfaction with the development of bilateral relations, which will mark their 30th anniversary in 2026.
Just 111 of the world’s biggest companies are causing $28 trillion worth of climate damage, says study
Just 111 of the world’s largest fossil fuel companies are collectively responsible for an estimated $28 trillion in climate-related economic damage, and just ten of those companies are responsible for half of that total.
Albania issues arrest warrants in tax, money laundering probe targeting Bankers Petroleum
Chinese-owned Bankers is the developer of Albania's Patos-Marinza oil field, one of the biggest onshore oil fields in Europe.
TotalEnergies confirms sale of North Sea assets to Prax still pending
France’s TotalEnergies has confirmed that its previously agreed sale of West of Shetland offshore assets to Prax Group has not been completed.
Ascent wins long-running dispute with Slovenian joint venture partner
London-listed Ascent Resources has secured a favourable arbitration ruling in its long-running dispute with Geoenergo.
UKOG sheds oil and gas assets in pivot to clean hydrogen
London-listed UK Oil & Gas has agreed to sell its wholly-owned subsidiary UKOG GB to Servatec Holdings for £400,000 in cash ($545,000).
Ithaca wraps up $193mn takeover of JAPEX's UK operations
The deal increases Ithaca’s stake in the key Seagull field operated by BP.
MET Group acquires German gas storage operator KGE
Swiss-based energy company MET Group has acquired 100% of Kommunale Gasspeichergesellschaft Epe (KGE), a gas storage operator located in North Rhine-Westphalia.
OMV Petrom strikes gas onshore Romania
The find was confirmed by the 1 Spineni exploration well, drilled to a depth of around 4,800 metres.
Germany lowers official gas storage target
However, a colder-than-expected winter or renewed geopolitical disruptions could still expose the country to energy risks.
Poland, Ukraine extend winter gas guarantee deal
Ukraine and Poland have extended their agreement on guaranteed natural gas supply volumes via the Polish gas transmission system.
Russia’s LNG exports fall in first half of year
Russia’s LNG exports have dipped by 4.4% over the first half of the year.
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