EurOil - Europe Oil & Gas

Asia drives global refining capacity growth

Global refining capacity is rising despite a decline in the number of refineries, with Asia and the Middle East leading growth through large, integrated projects.

Circle K obtains Astarte-nafta fuelling stations in Latvia

European refineries get margin boost from low global diesel inventories

Low global diesel inventories are keeping refining profits elevated across Europe.

Finland charges crew of suspected Russian shadow fleet tanker for subsea cable damage

Finland has filed criminal charges against the captain and two officers of the Eagle S oil tanker, accused of damaging five undersea cables in the Gulf of Finland last December.

BP eyes restart of UK's mothballed Murlach oil and gas field

BP plans to restart production at the Murlach field in the North Sea, aiming to extract oil and gas for at least a decade.

Norway officially opens Castberg oilfield in Barents Sea

Norway on August 8 officially opened the Johan Castberg oil field in the Barents Sea, the country’s northernmost producing field and its second oil development in the Arctic region.

Norway announces new frontier oil and gas licensing round

It follows the completion of the previous frontier round four years ago.

Bulgaria finds a buyer for Gazprom petrol stations

Bulgaria’s Win Energy, the operator behind the Avia brand of fuel stations, is set to acquire the network of Gazprom-branded petrol stations owned by Serbia’s oil company NIS.

EU gas storage exceeds 71% capacity

EU underground gas storage sites held around 77bn cubic metres of gas as of August 9, or 71.29% of capacity.

ICGB secures permit for expansion of Greece-Bulgaria gas interconnector

The operator of the Greece-Bulgaria gas interconnector, ICGB, said on August 8 it has obtained a construction permit from Bulgarian authorities for Lot 1 of its capacity expansion project.

Hong Kong’s CK Infrastructure closes in on acquiring UK’s Grain LNG terminal

Hong Kong-based CK Infrastructure is the frontrunner to acquire Grain LNG import terminal from the UK’s National Grid.

Lower energy prices weigh on MOL’s earnings in Q2

Montenegro may store oil reserves abroad due to lack of local capacity

Montenegro’s government plans to store its mandatory oil reserves in privately owned reservoirs or abroad, as state-owned facilities in Bar are not yet ready, according to the Oil Reserves Formation Plan for 2025, adopted last week.

Brazilian deepwater yields BP's biggest oil and gas discovery this century

BP has unveiled its most significant oil and gas discovery in 25 years following successful drilling at the Bumerangue prospect in Brazil's deepwater Santos Basin.