EurOil - Europe Oil & Gas

Category
Oil & Gas

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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BP, Harbour team up on CCS

12 April 2023

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

12 April 2023

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

12 April 2023

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

12 April 2023

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

11 April 2023

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.

With Moldova deal, Greece begins to fulfil role as regional gas logistics hub

10 April 2023

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

7 April 2023

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

5 April 2023

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

5 April 2023

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.

Finland receives first LNG cargo at new terminal

4 April 2023

The cargo arrived on board the Vivit Americas LNG tanker from the US. It was bought by Estonia’s Elenger and sold by commodity trader Vitol, which procured it from the Venture Global-operated Calcasieu Pass terminal in Louisiana.

Turkey to bring Black Sea Sakarya gas ashore in coming weeks

3 April 2023

Turkish Energy Minister Fatih Donmez said natural gas from the Black Sea offshore Sakarya gas field would soon be landed in Turkey and utilised by 21 April.

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