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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UK oil and gas sector more than halves methane emissions since 2018
The UK’s oil and gas sector has more than halved methane emissions since 2018 and reduced overall emissions from oil and gas production by 28% during the same period.
Fire injures three at Greek oil refinery
A fire at Greece's second-largest oil refinery slightly injured three people on September 17.
OKEA sells stake in Norwegian field to Lime
OKEA has agreed to divest its interest in the Yme field to fellow Norwegian oil and gas junior Lime Petroleum, a subsidiary of Singapore-based Rex International, for $15.6mn.
Shell sale at Schwedt held up by lawsuits
Shell’s intended sale of its interest in Germany’s Schwedt oil refinery has been held up by ongoing lawsuits brought by third parties.
Netherlands urges more sanctions on Russian LNG
The Netherlands has called for more sanctions to restrict Russian LNG imports into the EU, noting an increase in the volume of Russian super-cooled gas arriving on its own shores in recent months.
EurOil: Orlen reports large oil discovery in west Poland
Palestinians face deportation from Turkey for “Erdogan stop feeding oil to Zionists!” banner
Turkish president continues to allow export of Azerbaijani oil to Israel via Mediterranean port despite his loud criticism of the Israelis’ actions in Gaza.
Hungary blames EU for its continued use of Russian gas
Hungary last week criticised EU leadership for its long insistence that Budapest discontinue the use of Russian gas.
Turkmenistan suffers energy export setback as Turkey opts for new LNG deal
Holding out for last penny could cost Ashgabat.
Romgaz moves closer to launching €1.5bn bond programme in Luxembourg
EMTN programme is aimed at financing the Neptun Deep offshore gas project developed by Romgaz in a 50:50 partnership with OMV Petrom.
Turkey acquires new FPSO for Sakarya gas field
Turkish Petroleum (TPAO) has received the country’s first floating production, storage and offloading (FPSO) vessel, which will be installed at the offshore Sakarya gas field in the Black Sea north of Zonguldak.
Serbia and Hungary announce feasibility study for new oil pipeline
Serbia and Hungary announced the launch of a feasibility study for a new oil pipeline that is set to be completed by 2027, according to officials from both countries.
Lower energy prices hit revenue of Hungary’s state utility giant, but profits rise
Europe may have passed peak LNG demand, report says
Europe’s LNG imports are in steep decline and the continent may have already experienced peak LNG demand, a new report from the Institute for Energy Economics and Financial Analysis revealed.
Venezuela's VP Rodríguez meets Repsol executive amid strained Spain relations
Venezuelan Vice President and Oil Minister Delcy Rodríguez held talks with Repsol's Venezuela business unit director Luis Antonio García Sánchez in Caracas on September 13, discussing "strategic alliances" and "energy cooperation."
Eni announces business restructuring
Eni has approved a sweeping restructuring of its business that will give greater decision-making power to its CFO.
Spain's Cepsa gets certified as biomethane trader
Spanish energy firm Cepsa has been certified as a biomethane trader under the international ISCC certification programme.
Orlen reports large oil discovery in west Poland
Polish energy giant Orlen announced on September 11 it had made one of the country’s biggest oil discoveries in over a dozen years.
Serbia plans to increase Russian gas purchases
Serbia has proposed increasing its gas imports from Russia before the current contract expires in March 2025, Serbian Deputy Prime Minister Aleksandar Vulin stated in an interview with Izvestia, Tass news agency reported on September 13.
US asset fund buys stake in Trans-Adriatic gas pipeline
US asset management fund Apollo Funds is to buy a non-controlling stake in the BP subsidiary that controls a 20% interest in the Trans-Adriatic Pipeline that flows Azeri gas to Europe.
Petroineos confirms decision to close Scotland's only oil refinery
Scotland’s only oil refinery, the UK’s oldest, is due to close permanently next year, at a cost of 400 jobs.
Germany vows to investigate Nord Stream bombings without bias
German Chancellor Olaf Scholz has vowed that Berlin will investigate the 2022 sabotage of the Nord Stream pipelines, without bias.
Czech Net4Gas succeeds at Prague branch of dispute over missed payments with Gazprom
Net4Gas stated that a court in Prague “ordered Gazprom Export to pay the sued amount together with interest and covering of administrative expenses,” adding that Net4G “will consider further steps regarding collection of the owed amount."
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