EurOil - Europe Oil & Gas

EU court delivers final blow to Nord Stream 2 challenge against gas market rules

The EU’s highest court has rejected a final appeal by Nord Stream 2 AG against regulations extending the bloc’s gas market rules to pipelines from third countries.

Hungary’s wind power tender draws strong investor interest

Hungary committed to boost wind farm capacities from 330 MW at present to 4 GW under the revised RRF plan, tapping EU funds to finance grid development.

Ankara confirms definitive stop put on Turkmen gas imports to Turkey via Iran, US sanctions concerns derailed deal

A definitive stop appears to have been put on Turkey's stop-start imports of Turkmen gas via an arrangement with Iran.

Kazakhstan targets 79mn tonnes of oil exports in 2027, seeking alternative routes

Kazakhstan plans to export around 79mn tonnes of crude oil in 2027 from total production of 99mn tonnes, Energy Minister Erlan Akkenzhenov said on November 5.

MOL reports strongest quarter ever as refining margins reach record levels

Hungary's MOL secures OFAC approval for preparatory steps in planned NIS acquisition

The licence allows MOL to move ahead with preparations for the deal, but the final transfer of Russian ownership or control of Serbia's NIS will require seperate approval from OFAC.

Polish energy group Orlen posts 31% y/y Q3 revenue growth driven by foreign expansion

Poland's biggest energy company Orlen saw its foreign assets' revenue up by 40% y/y in Q3 2026 against the group's total revenue growth of 31% y/y, the company said on November 5. The group's EBITDA LIFO surged by 66% y/y at that time.

MOL receives US licence for preparatory transactions in NIS takeover

MOL has received an additional licence from the US Treasury allowing it to carry out preparatory transactions related to its planned acquisition of a majority stake in Serbian oil company NIS.

Hungary expects MOL-NIS deal by December 11, foreign minister says

Hungary expects negotiations on the acquisition of Russia's stake in Serbian oil company NIS by Hungarian energy group MOL to be completed by December 11.

Kazakhstan seeks Russia’s approval to resume oil shipments through Druzhba pipeline

Kazakhstan has formally asked Russia for permission to resume oil shipments through the Druzhba pipeline to Germany, with the government awaiting Moscow’s response, says a report.

Orlen boosts Poland's gas storage capacity by 25% with Wierzchowice expansion

Poland's biggest energy company Orlen said on November 4 it had completed a nearly PLN580mn (€130mn) expansion of the Wierzchowice Underground Gas Storage Facility, its largest site of this kind.

Kazakhstan resumes oil exports through Atyrau-Samara pipeline after drone attack

Kazakhstan reportedly resumed oil transportation through the Atyrau-Samara pipeline on November 3, a day after a drone attack on a Russian transit facility forced a temporary suspension of pumping.