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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Read a recent issue [click the image below]
Norwegian offshore strike averted after wage deal reached
Three labour unions in Norway have struck a wage deal with the owners of offshore drilling rigs, preventing strikes that would have disrupted exploration operations, union bosses said late on June 28.
Orlen eyes stake in German refinery but only if Rosneft exits
Poland's largest oil company Orlen is considering purchasing a stake in a refinery located in Schwedt, east Germany.
Greece gets 27 bids for gas grid capacity
Greek gas grid operator DESFA on June 27 revealed that it had garnered interest from 27 US and European companies seeking to reserve future capacity on its gas grid.
Shell takes criticism for ongoing Russian LNG sales
Shell has come under fire for its continued trade of Russian LNG, following an investigation by Global Witness which showed that the UK major was the fifth-biggest trader of the country’s super-cooled fuel in March to December last year.
German regional head urges an eventual return to Russian gas
Saxony’s Prime Minister Michael Kretschmer of Germany’s Central Democratic Union has added to calls among German politicians that Russian gas must not be abandoned forever, despite the EU’s push to eliminate imports for good.
MOL closes acquisition in Slovenia
Another blow to EastMed as Cyprus favours simpler export option
The EastMed gas pipeline project, which has been discussed for over decades, looks even less likely to materialise after the new government in Cyprus now says it favours the development of a shorter link from Israel.
Ithaca warns of policy risks to UK energy security
The UK's energy security is at risk as a major oil and gas producer, Ithaca Energy, warns of potential shortages and overreliance on imports as a result of the opposition Labour Party’s proposed ban on new oil and gas exploration in the North Sea.
Spanish biogas association says government needs more ambitious targets
The leading opposition party, People's Party, is advocating for nuclear power plant extensions and potential support for biogas, while the ruling Socialist Party favours more wind and solar energy.
European gas prices remain elevated amid warm weather
European gas prices remain elevated versus levels seen for most of this month, amid abnormally warm weather sweeping most of north-west Europe, despite high inventories and ample LNG supply.
Poland's Orlen taps BP's Norwegian oil for its refineries
Poland’s state-owned energy company Orlen has reached a deal with BP to acquire up to 6mn tonnes (44mn barrels) of oil from the UK major’s fields off Norway over the next year, it said on July 27.
QatarEnergy seeks buyer for stake in Italy’s Adriatic LNG terminal
State-owned petroleum company QatarEnergy is looking to offload its stake in Italy’s biggest LNG import terminal, according to sources briefed on the sale, Energy Intelligence reported on June 26.
Estonia’s Eesti Gaas buys Latvian Gaso
Swedish investigators may hold back intel from Nord Stream probe
Authorities in Sweden have said that some materials from their investigation into the blowing up of the Nord Stream gas pipelines last autumn may be kept secret, Russian media reported last week.
Kazakhstan strikes deal to expand oil supplies to German refinery
The agreement was reached between Kazakhstan’s state-owned oil company KazMunayGas (KMG) and Rosneft Deutschland, the former subsidiary of Russia’s Rosneft that holds refining assets in Germany now under the control of the Federal Network Agency.
EurOil: Eni, Vaar snap up Neptune for $4.9bn
Eni, Vaar snap up Neptune for $4.9bn
Italian energy major Eni and its Norwegian subsidiary Vaar have reached an agreement to acquire Neptune Energy, a private-equity-backed gas and oil producer focused on the North Sea.
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