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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Croatia and Slovenia mull expanding gas interconnector
Croatian and Slovenian companies are considering the expansion of a gas interconnector linking the networks of the two countries, Croatian natural gas transmission operator Plinacro said in a press release on April 13.
EU ban on Russian LNG could backfire
Momentum is building behind calls for the EU to impose a ban on Russian LNG, even though doing so could make it harder for the bloc to stock up on gas supplies before next winter.
Italy clears sale of Lukoil refinery in Sicily
The Italian government has given the green light for the sale of the oil refinery on the island of Sicily owned by Russia’s Lukoil to G.O.I. Energy, TASS reported on April 12. The deal is subject to strict conditions.
Poland declares off-limits zone around Swinoujscie LNG terminal to prevent Russian sabotage
Vopak expands ties with Gasunie, updates on LNG projects
Vopak has announced that it will acquire 50% of the shares in EemsEnergyTerminal, an LNG import terminal located in the Eemshaven in the Netherlands, in partnership with Gasunie, subject to approval from competition authorities.
BP, Harbour team up on CCS
BP and Harbour Energy have formed a partnership to develop a carbon capture and storage project near the heavily industrialised Humber region.
UK pipeline and vessel monitoring firm gets Aramco backing
Inductosense, a UK-based firm that specialises in monitoring pipelines and vessels, has recently secured funding from Saudi Aramco, the world's largest oil company.
Shell gets all-clear to drill at Penguins East
Shell’s Penguins project has been given approval for further drilling by the UK’s offshore regulator, with the work set to commence this month. The application to drill the 211/13a-18 (PC-04) production well at Penguin East was made in March.
Hungary reaches new energy agreements in Moscow
Budapest defies EU again and signs new agreements to ensure the uninterrupted supply of Russian gas and crude oil and to amend the financing of the Paks nuclear power plant expansion.
Turkish parliament addresses gas hub plan
Turkey’s parliament has approved the first legislative measures needed to create an international gas hub that will be able to market gas to Europe, according to the country’s Minister of Energy Fatih Donmez.
EurOil: Hungary seeks out Azeri gas via Southeast Europe
North Macedonia will need more Azerbaijani gas
With Moldova deal, Greece begins to fulfil role as regional gas logistics hub
Greece and Moldova have signed an agreement whereby Moldova will in future be supplied with gas transiting Greece and the Balkans.
Ruble slumps amid reports Shell to get over $1bn for Sakhalin LNG stake
Reports that Shell is on track to convert and repatriate more than $1bn in ruble earnings from the sale of its stake in the Sakhalin LNG project has pushed the Russian currency to its lowest level in a year.
Global gas flaring drops 3% in 2022
The global oil and gas industry managed to reduce gas flaring by 3% last year to 139 bcm, from 144 bcm in the previous year, the World Bank reported on March 29 in its new Global Gas Flaring Report (GGFR), despite oil output rising by 5% to 80mn bpd.
Hungary seeks out Azeri gas via Southeast Europe
Hungary is teaming up with Bulgaria, Romania, Greece and Turkey to look at options for securing natural gas from Azerbaijan via Southeast Europe, Foreign Affairs and Trade Minister Peter Szijjarto has said.
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