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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Mauritania’s oil minister highlights European opportunities for West African gas producers
Mauritania’s Minister of Petroleum, Mines and Energy Abdesselam Ould Mohamed Saleh says rising natural gas producers in West Africa are eager to help Europe resolve concerns about energy supplies and prices.
Decom Engineering to deploy saws for West African, UKCS offshore pipeline cutting projects
Decom Engineering, a pipeline decommissioning firm based in Northern Ireland, said on July 7 that it had won contracts worth for two new projects offshore West Africa and on the UK Continental Shelf (UKCS).
What if Nord Stream 1 doesn’t come back online?
The Nord Stream 1 pipeline closed down on July 11 for routine maintenance. Under normal circumstances the 10-day closure would cause no alarm, but European officials have suggested that Moscow may keep the 55 bcm per year offline longer.
Nord Stream 1 shuts down for 10-day maintenance run
OMV Petrom reports wider refining margin in Q2
The European Union needs to cut demand by 15% to cope with Russian gas cuts
Without Russian gas, the European Union would have to reduce demand by approximately 15%, with big differences between different parts of Europe.
Serbia’s EPS and Srbijagas register loss of €1bn, electricity and gas prices expected to increase
Europe’s gas storage reaches 60% as non-Russian deliveries accelerate
Natural gas storage tanks in Europe were 60% full on July 4 as non-Russian supplies of gas appear to have surged in the last weeks. Europe is still on target to reach its target of tanks 80% full by October but a lot of uncertainty remains.
Russia cuts off CPC oil supply
Barkindo: Downstream factors play a key role in oil price volatility
Mohammad Sanusi Barkindo, the late secretary-general of OPEC, said hours before his death that constraints in the downstream sector were making a bigger contribution to the volatility of oil prices than most observers realise.
OPEC secretary-general dies in Abuja
Mohammad Sanusi Barkindo, the secretary-general of OPEC, died unexpectedly in Abuja late on July 5.
EurOil: Ithaca closes takeover of Siccar Point
Nigeria has exported $1bn of gas to Portugal this year alone
The Nigerian National Petroleum Company Ltd has sold over $1bn of natural gas to Portugal so far in 2022, it has revealed.
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