EurOil - Europe Oil & Gas

Turkey’s gas, crude purchases up 3% y/y in May

Turkey’s natural gas imports rose 2.95% y/y to 3.64bn cubic metres (bcm) in May, while oil and petroleum product imports increased 2.97% y/y to 4.09mn tonnes, according to monthly reports issued by the Energy Market Regulatory Authority (EPDK).

Romania’s oil supplies at risk after Kazakhstan suspends CPC exports via Black Sea

Romania's crude oil supplies could come under pressure after Kazakhstan suspended exports through the CPC terminal at Russia's Black Sea port of Novorossiysk. Kazakhstan supplies slightly more than 50% of the crude oil refined in Romania.

EU naval forces board suspected Russian shadow fleet tanker

EU naval forces boarded the Cameroon-flagged products tanker South Star in the Mediterranean on July 20 over suspicions that it was fraudulently claiming its nationality.

New UK leadership offers chance for new energy policy

Andy Burnham should combine the UK’s clean-energy ambitions with a reset of North Sea policy, supporting domestic oil and gas production to curb import dependence, retain industrial capacity and strengthen energy security.

European diesel stocks on track for 11-year seasonal low

Global fuel supply remains extremely tight amid ongoing blockage of the Strait of Hormuz following the re-escalation of the US-Iran war.

TotalEnergies commissions second SOx scrubber at Antwerp refinery

The scrubber will help the site meet tighter emissions requirements attached to its renewed operating permit.

Croatia's INA completes first of five gas wells in new offshore campaign

Croatia’s INA has completed the first well in a $74mn five-well drilling campaign aimed at raising gas production from its mature offshore North Adriatic fields.

Norway's Equinor enjoys wartime bump in profits in Q2

Equinor produced 2.165mn barrels of oil equivalent per day during the quarter, 3% more than a year earlier, supported by new production in Norway, the UK and Brazil.

Allied Biofuels taps Latvia's Pro Logistic Services for Uzbekistan SAF exports

Allied Biofuels has signed a logistics cooperation agreement with Latvia's Pro Logistic Services SIA to develop export infrastructure for sustainable aviation fuel (SAF) and electric sustainable aviation fuel (e-SAF) from its planned biorefinery.

Kazakhstan warns Kashagan operator of possible criminal action over unpaid environmental fine

Kazakhstan has reportedly warned the head of the consortium operating the Kashagan oil field of possible criminal prosecution after the developer failed to pay a KZT 2.3 trillion ($4.92bn) environmental fine,

Ukraine not behind latest drone attacks on tankers serving main Kazakh oil export route, claims Kyiv

Ambassador to Astana suggests Russia is running false flag operations.

Norway's SLB OneSubsea secures midstream, upstream contracts for Var Energi

Oslo-based SLB OneSubsea has secured two contracts from Norwegian operator Vår Energi covering gas export infrastructure at the Goliat field and new subsea wells at Balder off Norway.

Norwegian gas output beats forecast in June

Norway’s natural gas production rose by more than 13% year on year in June and exceeded the official forecast by 5.1%.

OMV Petrom, Romgaz install platform at Neptun Deep gas project off Romania

OMV Petrom and Romgaz have installed the Neptun Alpha production platform at their Neptun Deep gas project in the Romanian Black Sea, completing another major step towards first production in 2027.

Orcadian eyes plan to use UK gas to power data centre

The proposed Earlham Gigagrid would combine production wells, an offshore gas-fired power station equipped with carbon capture and a neighbouring data-centre platform.

TotalEnergies predicts $1bn gain in Q2 earnings as higher prices offset Middle Eastern output losses

TotalEnergies expects its upstream cash flow to rise by around $1bn quarter on quarter in April through June, as sharply higher oil prices more than offset production losses caused by the Middle East conflict.

London-listed oil junior Zenith raises $2.85mn in Norway

London-listed oil junior Zenith Energy has raised around £2.1mn through a private placement with existing institutional investors in Norway, with the proceeds earmarked for biogas and solar projects, legal costs and working capital.

Norway's Var Energi snaps Denmark's BlueNord in $1.3bn deal

Norway’s Vår Energi has agreed to acquire BlueNord in a cash-and-share transaction valued at around $1.3bn, gaining producing assets in Denmark and extending its upstream operations beyond Norway for the first time.

Ukraine drone attack halts oil loadings at Kazakhstan's main export terminal

Oil loading operations at the CPC terminal on Russia's Black Sea coast have been suspended again, following after a Ukrainian drone attack on an oil tanker.

Serbia's Vučić unsure US will extend NIS sanctions waiver beyond July 31

Serbia’s President is uncertain whether the United States will extend a sanctions waiver allowing oil company NIS to continue operating beyond July 31, casting doubt on the future of talks to remove Russian ownership of the company.

Czechia ends regulation of fuel prices

Regulation of fuel prices came to an end in Czechia on July 20, which is likely to lead to a renewed spike in fuel prices across the country.

Three tankers involved in CPC operations hit on Black Sea over weekend, Kazakhstan condemns attacks

The Caspian Pipeline Consortium (CPC), which carries 80% of Kazakhstan’s oil exports to the Russian Black Sea coast for shipping, said that two oil tankers, ASIA and NISSOS IOS, came under attack while loading crude oil on July 19.

Kazakhstan rules out sending oil to Germany via Druzhba in July and August

The ministry described the disruption as temporary and said Kazakhstan remained committed to diversifying its oil export routes to European markets.

Gazprom Export wins Russian court case against Austrian gas pipeline operator TAG

Gazprom Export has won a Russian court case against Austrian pipeline operator TAG over 12 disputed invoices, in one of dozens of legal proceedings spawned by the collapse of Russia’s once-vast pipeline gas trade with Europe.

Turkey’s BOTAS increases LNG storage capacity at Marmaraereglisi Terminal

Turkey’s state-run energy firm BOTAS has begun construction of a fourth storage tank at the company’s Marmaraereglisi Terminal in the country’s northwest.

OPEC reflects on its superpower era

War‑time disruption, sanctions and the UAE’s exit have exposed the limits of OPEC’s market power, leaving the cartel more constrained, more reactive and less central to price formation

North Macedonia extends oil supply crisis period until October amid energy market uncertainty

OPEC takes aim at the IEA over oil and gas forecasts

OPEC warns that pessimistic demand forecasts and financing restrictions risk deterring oil and gas investment.

Croatia caps fuel price rise as oil market volatility persists

Croatia's government has again intervened to limit increases in fuel prices, Prime Minister Andrej Plenković said on July 16, citing rising global oil prices linked to tensions affecting shipping through the Strait of Hormuz.

Russia's diesel export ban squeezes Turkey as Ukrainian strikes and Iran war compound supply crisis

Turkey is facing acute fuel supply pressure after Russia suspended diesel exports to all markets until the end of July, compounding disruption from Ukrainian attacks on Russian refineries and Iranian strikes on Gulf refining capacity.