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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TotalEnergies clears expansion at France's first biorefinery
TotalEnergies has cleared an expansion in the circular renewable feedstock it processes at the La Mede biorefinery in France's Provence-Alpes-Côte d'Azur region, the company announced this week.
Operators of Irish Barryroe field to wind down business
The operator of what was hailed as Ireland’s largest undeveloped oilfield has begun winding down its business, in a further dash to hopes of further offshore development in the country.
Spain’s El Musel terminal receives first LNG ship
The El Musel LNG terminal in north-west Spain received its first LNG ship on July 1 when Cool Racer, owned by Greece’s Thenamaris, arrived for its first unloading.
Europe should beware possible Turkish plans to provide backdoor route for Russian gas, warn academics
Europe should beware possible Turkish plans to provide a backdoor route for Russian gas, according to an analysis, titled Russian Gas by Any Other Name, written by two academics who looked at Ankara’s plans to set up a gas hub.
UK Oil & Gas secures loan for activities including Turkish Pinarova-1 project
AIM-listed UK Oil & Gas PLC has secured a GBP3mn loan from RiverFort Global Opportunities and YA II PN that will fund working capital requirements over the next 12 months.
Russia’s LNG exports drop 9% in first half of 2023
Russia has seen a dip in total LNG exports in the first half of 2023, Reuters reports. From January to June, Russia’s LNG deliveries dropped by 9.4% to about 14.4mn tonnes, according to data revealed on July 3 by Refinitiv Eikon.
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.
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