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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EC rules gas storage regulation not to blame for 2022 price spikes
The European Commission has ruled out that its gas storage regulations may have contributed to the all-time spike in gas prices in August last year, concluding that there is no conclusive evidence that this was the case.
Harbour gets greenlight to develop Talbot
Harbour Energy has been given the green light to push ahead with its 18mn-barrel Talbot oilfield development in the UK North Sea, with production slated to start in late 2024.
US replaces Russia as Europe's top oil supplier in December
The US has replaced Russia as Europe’s main oil supplier, according to data published by Eurostat on March 28, accounting for 18% of EU crude imports.
Moscow may demand compensation for damages to Nord Stream pipes
Russia might seek compensation for the damage sustained to the Nord Stream 1 and 2 pipelines in September last year as a result of suspected sabotage, a government official has said.
ADNOC, BP make joint offer for NewMed Energy
Croatian INA, Italy’s KT agree to hike cost of residue upgrade project at Rijeka oil refinery
Growing risk to oil production in Iraqi Kurdistan as solution on halt to Iraq-Turkey pipeline sought
Russia's Gazprom provides more gas storage to Serbia at Banatski Dvor UGS
Russia's Gazprom has provided Serbia with an additional 100mn cubic metres of storage at the Banatski Dvor underground storage facility, TASS news agency reported this week.
Romgaz plans to distribute dividends with 9% yield
Libya’s NOC to set up new unit to increase gas exports to Europe
The head of Libya’s state-owned National Oil Corporation (NOC), Farhat Bengdara, has revealed plans to attract more oil investments, boost production and introduce a new gas unit to study the possibility of increasing gas exports to Europe.
Denmark invites Nord Stream 2 operator to salvage object
Denmark has invited the Russian-owned operator of the Nord Stream 2 gas pipeline to help salvage an unidentified object that was found near the only string that was unaffected by sabotage attacks last September.
Iraq wins arbitration case against Kurdistan oil exports to Turkey
Baghdad has long tried to stop the pipeline flows. Ankara said to be on the hook for $1.5bn compensation.
Russia proposes hiking domestic gas tariffs to offset lost export revenues
Russia’s State Duma has proposed revising domestic tariffs for gas use to offset the losses Gazprom has sustained from losing much of its gas market share in Europe.
Croatia’s anti-corruption office launches new probe into former CEO of pipeline operator Janaf
Consortium led by MOL closes Alteo takeover
Hungary defies European peers by sticking to Russia as a major gas supplier for next 5-8 years
Srbijagas to step up regional cooperation
Romania to amend solidarity contribution definition to cover OMV Petrom
The government and the lawmakers in Romania are working on amending the solidarity contribution calculation methodology so as to include OMV Petrom among the companies required to pay part of their windfall profit generated last year to the budget.
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