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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OKEA takes FID on Norway's Brasse oilfield
OKEA and its partners have taken a final investment decision on the Brasse oilfield off Norway, estimated to contain 24mn barrels of oil equivalent.
EU gas demand slumps 11% in February
GES, Provaris team up for Dutch hydrogen import terminal
Global Energy Storage and Provaris Energy have teamed up to develop a gaseous hydrogen import facility at the GES terminal in the Dutch port of Rotterdam.
Norway's Sleipner field switches to partial onshore power
Equinor’s Sleipner field, along with the Gudrun platform and other associated fields are now partly operating on clean power delivered from the shore, as a result of an electrification project that is expected to reduce CO2 emissions by 160,000 tpy.
Italy’s Piombino terminal receives first cargo from Eni’s Tango project
Italian gas grid operator Snam’s Piombino floating storage and regasification unit has received the first LNG cargo shipped from Eni’s Tango floating LNG terminal off the waters of the Republic of Congo.
Poland’s Tusk says new Orlen CEO will be named this week
Sanctioned Russian politician reportedly set up Gazprom meeting for Czech tycoon Kretinsky
Europe exits the winter heating season with record gas stocks
The EU has exited the heating season with a record volume of gas in storage, following another mild winter and as a result of reduced industrial demand and a concerted effort by policymakers to boost stockpiles.
Gazprom takes operator of Dutch-UK gas pipe to court
Gazprom Export has filed a claim in Russia against another European company – this time BLL, the operaator of a 235-km gas pipeline between the Netherlands and the UK.
Summer starts as EU gas tanks start to fill again
Winter is over, as the EU gas tanks switch from withdrawals to filling mode again in preparation for next winter. Injection into the gas tanks started on April 1, a week earlier than in 2023 and started at an all-time high record level of 59.3% full.
Shell eyes expansion in Slovenia
Hungary cuts gas consumption by 23% in 2023
Hungary managed to curb gas consumption above the 15% target set by the EU for the second straight year, the Energy Ministry announced.
Orcadian completes farm-out of UK Ping field
Orcadian Energy has finished its previously announced farm-out of an 81.25% stake in licence P2244 in the UK Central North Sea.
Shell appeals against Dutch climate ruling
Shell has started its appeal against a landmark 2021 Dutch court ruling that ordered the European oil major to drastically slash its global emissions.
Netherlands at risk of gas shortages, warns Gasunie
The Netherlands could face natural gas shortages over the coming years unless the government takes appropriate measures, including building up an emergency stockpile of the fuel.
VTTI, IKAV acquire majority share of Italy's Adriatic LNG
Dutch infrastructure group VTTI and German asset manager IKAV have joined up to acquire a majority stake in Italy’s largest LNG terminal from ExxonMobil and QatarEnergy.
ADX pushes on with data analysis at Austrian gas find
Austria’s ADX Energy is continuing data analysis at its Welchau-1 discovery well in Austria after completing well operations last month.
UK GHG emissions drop 5.4% in 2023 on less gas use
UK greenhouse gas emissions dropped 5.4% in 2023, government data published last week showed, as a result of less natural gas being used to generate power and heating, as well as increased electricity imports and weaker demand.
Ivan Cermak leads €180mn investment in Gazenic
Under Cermak's leadership, Delta Terminals has reportedly shifted towards biofuels. Investments totaling €180mn are contingent on the restoration of the Zadar-Knin railway line.
Ithaca-Eni deal is "right strategy, wrong price"
The proposed merger between Ithaca Energy and the UK business of Eni is the “right strategy” but has the “wrong price."
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