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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GECF casts doubt on US-EU energy deal yielding material gains
The GECF warns that the EU-US energy trade deal is unlikely to deliver a major increase in US LNG sales to Europe.
Canada prepares to open LNG talks with Germany
New LNG exporter Canada is shifting its gaze from markets in Asia to Europe with Ottawa set to open talks with buyers in Germany.
Turkey’s Sasa to establish company for $25bn refinery, petrochemicals investment
Turkey’s Sasa Polyester Sanayi A.S. has announced a decision to establish a wholly owned subsidiary, Sasa Rafineri A.S., with an initial capital of TRY 100mn ($2.4mn), to lead its strategic $25bn investment in a refinery and petrochemical complex.
US expected to delay sanctions on Serbia’s NIS again, says Srbijagas CEO
With signs of rapprochement between Washington and Moscow, it is unlikely that US President Donald Trump would move forward with sanctions affecting Russia’s energy partners such as Serbia.
OGT2025 conference and exhibition in Ashgabat gains momentum
Preparations are gathering momentum for the landmark 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025”, scheduled to take place from 22 to 24 October in Ashgabat.
Slovak economy minister renews criticism of EU’s phase out of Russian gas imports
Slovak Minister of Economy Saková renews the criticism of the EU's Russian gas phase-out plan after PM Fico claimed he had obtained "energy guarantees" from the EU.
War of words escalates between Budapest Brussels and Kyiv following the latest Druzhba oil pipeline attacks
US President Donald Trump is very angry with Hungarian Prime Minister Viktor Orban over the attacks on Russia’s Druzhba oil pipeline that lead to an exchange of irate letters over the weekend.
Slovak Minister of Foreign Affairs Blanár steps up criticism of Ukraine in response to Druzhba oil flow halts
Slovak populist Blanár criticises Ukraine after the Slovak government assured the public that the halt of Russian Druzhba oil flow does not pose a risk to Slovakia.
MOL moves to calm supply fears after fresh Ukrainian strike on Druzhba oil pipeline
Hungarian oil and gas giant MOL sought to reassure markets and consumers on August 22 that energy supplies to Hungary remain secure
Slovak government expects Druzhba oil pipeline flow to restart by August 25 after another halt
Slovak minister of economy Sakova assured that country has oil reserves for at least 100 days
Serbia’s NIS seeks sixth US sanctions waiver
Serbia’s state-run oil company NIS has requested a sixth waiver from US sanctions, as its current licence permitting operations under restrictions is due to expire on August 27.
Czech branch of Polish Orlen reports a loss of CZK5bn in H1
The Czech branch of the Polish refiner incurred a loss amid high energy prices and modernisation investments
Hungary's foreign ministry thanks Russian deputy energy minister for repairing Druzhba pipeline
Serbia in talks with Russia on long-term gas deal
Energy Minister Dubravka Dedovic Handanovic says Serbia is in advanced negotiations with Russian energy giant Gazprom.
Serbia’s NIS advances digital transformation in oil and gas operations
NIS has expanded its digital transformation initiatives in oil and gas exploration and production, investing more than €2mn to enhance its production management centre in Novi Sad.
Centrica signs gas deal with Devon
Centrica Energy has entered into a natural gas sale and purchase agreement with US shale producer Devon Energy.
Druzhba oil flow to Slovakia and Hungary is renewed
The oil flow from the Russian Druzhba pipeline was renewed late on August 19 after a Ukrainian drone attack temporarily halted flows.
Turkey to sign agreement for oil and gas exploration fields in Pakistan soon, says minister
Turkey’s Energy and Natural Resources Minister Alparslan Bayraktar has announced that Ankara will soon sign an agreement for oil and gas exploration fields in Pakistan that it previously secured through a tender.
Europe nears end of summer with strong gas fundamentals
But stakeholders remain watchful as the region prepares for the looming winter season.
Black Sea set to be Europe's next big source of fresh gas supply
The Black Sea is set to become one of Europe’s most important new gas sources, with large deepwater discoveries reshaping the continent’s energy security despite the continuing conflict in Ukraine.
Greece's Alexandroupolis FSRU starts back up
Greek gas company Gastrade has resumed operations at its floating LNG terminal in Alexandroupolis after a technical fault forced a shutdown earlier this year.
Seatrium, Karpowership pen letter on converting LNG carriers into FSRUs
Singapore’s Seatrium has signed a letter of intent with Turkish floating power plant company Karpowership to expand their partnership into new floating energy projects.
UK offers gas storage licence to Snam unit
The UK’s North Sea Transition Authority has awarded a gas storage licence in the East Irish Sea to dCarbonX, a subsidiary of Italian infrastructure group Snam.
Norwegian oil and gas investment on track to peak this year
Norway’s oil and gas investment is set to peak in 2025 before falling back next year as a wave of major projects draws to a close.
Centrica to acquire Isle of Grain LNG terminal in $2bn deal
Centrica announced last week it would buy the UK’s Isle of Grain LNG terminal in Kent with US private equity firm Energy Capital Partners for $2bn.
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