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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The EU’s sixth package of sanctions will target Russian oil exports to Europe
European officials are drafting plans for an embargo on Russian oil products, the most contested measure yet to punish Russia for its invasion of Ukraine and a move long resisted because of its big costs for Germany.
CNOOC reportedly set to exit US, Canada and UK over sanctions fears
China’s CNOOC is reportedly preparing to exit its operations across the US, Canada and the UK on fears that its assets could become subject to sanctions
Poland moots ban on LPG imports from Russia
Bulgaria extends oil, gas exploration permit of TotalEnergies, OMV Petrom by two years
DATACRUNCH: Sanctions by the numbers – gas
Voices are calling very loudly for the EU to shut off deliveries of Russian gas immediately. Since the start of the conflict in Ukraine, Germany has paid Russia some €9bn a week for gas imports that critics say is being used to fund the Putin war.
Bavarian leader calls for fracking to be resumed
EurOil: UK unveils plan to bolster energy security
EU developing more ambitious targets for renewable energy, says climate policy chief
The European Union will establish higher targets for renewable energy as it seeks more energy independence from Russia, the bloc’s climate policy chief Frans Timmermans has told reporters.
Despite Latvian PM’s claim on ‘no’ more Russian gas, country’s gas market operator signs new contract with Gazprom
Istanbul-listed Aygaz ‘buys LPG from Russia’s Sibur’
UK unveils plan to bolster energy security
DATACRUNCH: Sanctions by the numbers – oil
Russia dominates Europe’s oil supplies, accounting for 25% of all oil deliveries. Most of Europe wants to diversify away from Russian oil, but adding to the difficulties is that much of this oil is delivered not by ship but the Druzhba pipelines.
Hungary to circumvent EU sanctions through gas payment 'technical solutions'
Hungary plans to pay for Russian gas in euros through Gazprombank, which will convert the payment into roubles.
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