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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Read a recent issue [click the image below]
Shell pauses $3bn buyback programme
Shell has paused its $3bn share buyback programme after the publication of ARC Resources’ shareholder circular triggered related securities law requirements.
Germany to launch fourth and final LNG terminal in September
Germany plans to commission a floating LNG regasification terminal at Stade in Lower Saxony in September.
Greece’s Atlantic-SEE LNG doubles purchase volume from Venture Global
Venture Global has agreed to double its supply volume to Atlantic-SEE LNG from its existing sales and purchase agreement.
MOL completes talks with Serbia on NIS sale
MOL Group has concluded negotiations with the Serbian government on a shareholder agreement related to the potential acquisition of a majority stake in Serbia’s Russian-owned oil company NIS.
Kazakhstan faces calls for higher oil exports amid supply concerns
Kazakh Energy Minister Yerlan Akkenzhenov said on June 10 that Kazakhstan is facing requests from international partners to increase crude oil exports despite production constraints linked to the OPEC+ agreement.
Serbia’s NIS seeks new US waiver to continue operations
Serbia’s oil company NIS has applied for a new special licence from the US Treasury’s Office of Foreign Assets Control (OFAC) to allow it to continue operating beyond June 16, when its current waiver expires.
BP announces corporate overhaul under new CEO
The move comes after Meg O’Neill, former boss of Australia’s Woodside Energy, became the company’s new CEO at the start of April.
Ukraine's Naftogaz strikes first long-term LNG contract
The agreement comes as Ukraine seeks to bolster its energy security ahead of next winter.
US EIA predicts gaping deficit in oil supply for full year
Supply will fall 7mn bpd, and demand by only 1mn bpd.
Italy set to spend $67bn on imported energy in 2026
Italy’s energy import bill is expected to rise sharply this year because of higher oil prices linked to the Middle East conflict.
EU proposes further sanctions on Russian energy and banking sectors
The proposed 21st sanctions package would pause adjustments to the G7 oil price cap mechanism until January next year to avoid market disruption following tensions in the Middle East and the temporary closure of the Strait of Hormuz.
Germany’s Uniper Inks Preliminary Deal to Buy LNG from Canada’s Ksi Lisims
Germany's state-owned energy company Uniper has agreed to a preliminary deal to purchase LNG from Canada’s Ksi Lisims project.
Record Orlen payout guarantees Polish state budget dividend windfall
Poland’s state coffers are guaranteed to receive a larger financial boost than originally anticipated this year, after shareholders at the country’s top state-controlled firms approved record-breaking payouts.
Serbia says will not hinder NIS sale as Gazprom-MOL talks progress
Serbia will not obstruct the planned sale of Russia’s majority stake in oil firm NIS, as negotiations between Gazprom and Hungary’s MOL enter a critical final phase under a US-imposed deadline.
Japan's K Line orders LNG-fuelled car carriers for Europe
K Line said using LNG as fuel was expected to reduce carbon dioxide emissions by 25-30% and cut sulphur oxide emissions by almost 100% compared with conventional heavy fuel oil.
Norway's Noble secures BP drilling contract for UK campaign
Offshore drilling contractor Noble announced on June 9 it had secured a three-well contract with BP for the Noble GreatWhite harsh-environment semi-submersible rig, which has been renamed Noble Claus Bachmann.
France’s Viridien, Norway’s Aker BP deepen seismic partnership
French geophysical services company Viridien has signed a strategic partnership agreement with Aker BP to expand cooperation on ocean bottom node seismic data acquisition, imaging and technology development on the Norwegian Continental Shelf.
SOCAR: What needs to happen to ship more gas to Europe
Azerbaijan is willing to supply more natural gas to Europe, but any further expansion of the Southern Gas Corridor will require long-term buyer commitments, financing and greater regulatory predictability.
Azerbaijan's big gas push
Azerbaijan used Baku Energy Week to push new gas exports, upstream investment, and a larger US role in its energy sector.
Sonardyne, AMOG sign memo on monitoring offshore energy infrastructure
The UK’s Sonardyne and Australia’s AMOG have signed a memorandum of understanding to jointly provide subsea asset monitoring services for offshore energy infrastructure.
UK's Centrica signs long-term gas deal with Canadian producer Peyto
The deal covers roughly 0.5 bcm per year of gas supply.
EnergyPathways draws down second financing tranche for UK gas storage project
EnergyPathways has drawn down a second £1mn tranche under its £15mn financing agreement to advance development of its Marram Energy Storage Hub project in the UK North Sea.
UK's Union Jack Oil secures $1.3mn loan facility
Union Jack Oil has secured a £1mn loan facility from Egdon Resources to strengthen working capital and support general corporate activities.

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