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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Czech Vice PM Havlíček announces investments into Druzhba reverse flow to secure oil supplies for Slovakia
Czech Vice Prime Minister and the Minister of Industry and Trade Karel Havlíček announced his country is ready to invest into the reverse flow of the eastern Druzhba oil pipeline.
Strikes on Iran gas fields could force Turkey to ramp up LNG imports
Damage to Iran’s Asaluyeh gas processing facility in Bushehr province and part of the South Pars complex, after an Israeli missile strike on March 18, risks disrupting pipeline supplies to Turkey, potentially forcing Ankara to raise LNG imports.
Turkish plastics industry hit by Middle East conflict as supply chains break down
Logistics and polymer input prices soar.
New fuel pipeline between Slovakia and Hungary approved by cabinet in Bratislava
The Slovak cabinet approved the construction of a new fuel pipeline between Slovakia and Hungary.
KazTransOil expects to export 474,000 tonnes of crude via CPC in March
Kazakhstan’s state pipeline operator KazTransOil (KZ: KZTO) said it expects to export 474,000 tonnes of crude via the Caspian Pipeline Consortium (CPC) pipeline that runs to Russia's Black Sea coast in March.
Turkey emerges as revived route for Iraqi oil amid Hormuz crisis
Baghdad accelerates revamp of long-idle pipeline puy out of action more than a decade ago by bomb attacks.
TotalEnergies targets first gas from Absheron Phase 2 in 2029
TotalEnergies plans to begin production from the second phase of the Absheron gas-condensate field offshore Azerbaijan on September 1, 2029.
Hormuz crisis raises wider risks for Turkey far beyond oil prices, says policy brief
As well as an energy bill nightmare, country faces triple whammy in industrial production, agriculture and logistics.
Worley picked for Aphrodite FEED off Cyprus
Australia’s Worley has been selected by Chevron to provide front-end engineering design and procurement services for the Aphrodite gas field development offshore Cyprus.
US-Iran war knocks out 15% of TotalEnergies' global output
France’s TotalEnergies said disruptions linked to the escalating conflict in the Middle East have forced the shutdown or suspension of around 15% of its global oil and gas production.
German left-wing party calls for resumed Russian oil and gas imports amid energy crisis
A senior figure in Germany’s left-wing Bündnis Sahra Wagenknecht party has called for the resumption of Russian oil and gas imports.
Netherlands' Boskalis scores decommissioning contract from Shell in UK North Sea
The ageing oil and gas infrastructure of the UK North Sea is fuelling a growing wave of decommissioning activity.
Ukraine’s Naftogaz reportedly approaches OMV Petrom for Black Sea offshore gas partnership
Ukraine’s state-owned energy company Naftogaz is in early-stage talks with Romania’s OMV Petrom (BVB: SNP) over a potential partnership to develop an offshore gas field in the Black Sea.
Czech vice-PM says Prague can lead EU’s Druzhba pipeline inspection
Czech vice Prime Minister and Minister of Industry and Trade, Karel Havlíček of the populist Ano party has said Prague can lead the Druzhba oil pipeline inspection.
Hungarian MOL and Slovak Slovnaft file another complaint against Croatian Janaf
Hungarian energy group MOL and its Slovak subsidiary and the country’s key refinery Slovnaft, filed another complaint with the European Commission’s Directorate General for Competition against Croatia’s oil transporter Janaf.
Azerbaijan plans major ramp-up in gas, power exports
Why Europe's gas price cap plan will backfire
Brussels is again considering a cap on gas prices to shield consumers from soaring energy costs, but the policy risks weakening Europe’s ability to attract LNG cargoes just as the bloc faces a difficult storage refill ahead of next winter.
Greek tanker set to load Kazakh oil hit by object near CPC terminal
A Greek-flagged oil tanker, the Maran Homer, was reportedly struck by an unidentified object early on March 14 while it awaited instructions on entering the Caspian Pipeline Consortium (CPC) terminal at the Russian Black Sea port of Novorossiysk.
Gazprom presses on with major Arctic gas project despite loss of European market
Gazprom is pressing ahead with development of the giant Kharasavey gas field on the Yamal Peninsula even as the collapse of exports to Europe leaves the company searching for new markets for its Arctic gas.
US sanctions easing on Russian oil deepens rift with Europe amid energy shock
A decision Trump to ease some sanctions affecting Russian oil exports has triggered sharp criticism from European allies, exposing growing divisions within the West over how to balance pressure on Moscow with stabilising global energy markets.
Asia and Europe to battle over dwindling LNG cargoes
Asian and European energy buyers are competing to secure increasingly scarce LNG cargoes after conflict in the Middle East disrupted shipments through the Strait of Hormuz, the Financial Times reported on March 12.
Serbia’s NIS seeks new US license before March 20 deadline
The Oil Industry of Serbia (NIS) has requested a new special license from the Office of Foreign Assets Control (OFAC) to continue operating, as negotiations on the sale of Russia's stake continue.
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