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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Sanctions leakage: pipes and tankers
After about two months of problems caused by oil traders self-sanctioning, Russia’s oil exports have largely recovered and replaced most of the fall in demand in Europe with new buyers in Asia. The challenge Moscow now faces is how to get it there.
INA chairman tenders resignation after corruption scandal
Chairman of the oil and gas company offered to step down after Croatia’s anti-corruption body made five arrests in a high-profile fraud case.
Moldova is negotiating gas supplies with Azerbaijan and Romania
Czechia pushes for more connections to LNG terminals
Czechia and Poland will resume work on the Stork II pipeline bringing gas from the Polish LNG terminal at Swinoujscie to Libhost in Czechia’s northern Moravian region.
Putin ready to turn on gas again but says if new sanctions imposed Russia “won’t deliver anything.”
Chevron reportedly working with Kazakhstan on oil export alternatives to Russia’s Novorossijsk
Canada’s Trillion dispatching rig to SASB gas field offshore Turkey
Turkey set to pay in rubles for quarter of gas piped from Russia
Italy receives first cargo of Kuwaiti ULSD
Kuwait Petroleum International (KPI), a downstream subsidiary of Kuwait Petroleum Corp. (KPC), has delivered its first batch of ultra-low-sulphur diesel (ULSD) fuel to Italy.
OPEC+ reverses recent addition with first cut in 18 months
Hungary aims to invest €16bn to reduce dependence on gas
Sanctions leakage: oil and gas
Not only have the extreme sanctions imposed on Russia following its invasion of Ukraine in February not crushed the economy, Russia is making a killing from the war thanks to the abundant leaks in the sanction regime.
Polish ceramic tiles maker Cerrad lays off 25% of workforce due to soaring gas prices
Czech billionaires' energy conglomerates to receive state loans
Baltic states approach cold season with half-empty gas storage
Russia's indefinite closure of Nord Stream 1 triggers another price spike
Natural gas prices surged after Russia halted its biggest pipeline to Europe indefinitely, plunging the region deeper into a crisis that could push major economies into recession and force rationing.
Gazprom and Hungary agree on additional gas deliveries for winter
Agreement guarantees the delivery of up to another 5.8 mcm gas per day to Hungary in September and October.
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