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MID-SUMMER EVENING IN TROMSO, NORWAY

Europe

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The European Region, as defined by Globalshift, contains 44 countries and two non-independent territories (the Faeroes Islands and Gibraltar) within its borders.

Of these 14 lie in Northwest Europe, 19 in Southern Europe and 13 in Eastern Europe. The Eastern European region is defined here to include all of Russia even though a substantial part of the country lies in Asia.

In terms of oil production the UK and Norway dominate Northwest Europe with the North Sea providing most of these two country’s oil and gas.

Denmark (mainly oil) and The Netherlands (mainly gas) have substantial North Sea production whilst Germany has a little offshore oil in the North Sea and a declining onshore industry. France also.has declining onshore oil and gas output but no offshore fields.

Southern Europe is a relatively insignificant producing region although Italy produces gas and some oil in several regions onshore and offshore, especially in the Adriatic Sea.

Croatia also produces gas offshore in the Adriatic Sea across the border from Italy. Albania and Austria deliver small amounts of onshore oil with other countries in the region being only minor producers.

Almost all of Eastern Europe’s oil and gas comes from Russia. Russia is included in this region for convenience although the bulk of Russia’s oil and gas is now located in Siberia, in Asia. Offshore opportunities in Russia are also growing from Arctic regions and from the Caspian Sea.

Most of the other countries in Eastern Europe have produced oil and/or gas but are now in decline. Romania was an important oil producer in the past.