EurOil - Europe Oil & Gas
Turkish firm Karpowership's converted LNG vessel prepares to enter FSRU service
Turkish energy company Karpowership's converted LNG carrier, Karadeniz LNGT Powership Türkiye, is preparing to enter service as a floating storage and regasification unit under the technical management of Singapore-based Synergy Marine Group.
Snam secures UN recognition for methane emissions monitoring for sixth consecutive year
Italian gas infrastructure operator Snam has received the United Nations' Gold Standard recognition for methane emissions monitoring and reporting for the sixth consecutive year.
Socar Turkey snags benchmark $1.6bn five-year syndicated loan rollover at SOFR+2.30%
In 2021, company landed terms at Libor/Euribor +3.45%. New deal suggests rollover rate of 123%.
Poland moves closer to second LNG terminal as Gaz-System completes quay foundations
Polish state-owned gas grid operator Gaz-System said on October 16 it had finished driving over 500 piles that form the foundation of the quay for the floating LNG terminal in Gdańsk Bay. This brings Poland closer to mooring its first FSRU.
Rosatom awaits Hungary’s decision on future of Paks II nuclear project
Rosatom was waiting for the Hungarian side to finish its review of the project, CEO says at Russian Energy Week.
US extends Lukoil sanctions waivers for Bulgarian operations to April 2027
The US Treasury Department has extended until April 24, 2027, exemptions allowing Russian oil major Lukoil’s Bulgarian subsidiaries and its fuel stations outside Russia to continue certain operations.
EU adopts proposal to postpone EU Methane Regulations by one year
One year postponement will now require first import obligations from January 1, 2028.
Gas security trumps decarbonisation in Norway
Equinor's decision to prioritise gas production over electrification at Troll highlights growing tensions between Norway's energy security role and its climate ambitions.
France's EDF suspends Edison stake sale as Qatar LNG disruption clouds financial outlook
France's EDF has suspended plans to sell a minority stake in Italian energy company Edison, as prolonged disruption to Qatari LNG supplies makes it increasingly difficult to assess the utility's future earnings and valuation.
Norway’s DNO raises Symra recoverable oil resource estimate by up to 25%
Norway's DNO has increased its estimate of recoverable resources at the Symra oilfield in the North Sea by up to 25%, following positive results from a pilot well drilled as part of the field's development programme.
Poland’s Orlen resumes Saudi crude imports after supply disruptions
Poland's Orlen is expected to receive at least four Saudi crude oil cargoes in October, signalling a recovery in supplies following disruptions caused by drone attacks on Saudi Arabia's East-West Pipeline in September.
Protests disrupt Eni refinery operations and fuel supplies in southern Italy
Protests by workers at Italy's former Ilva steelworks disrupted fuel distribution from Eni's Taranto refinery, causing shortages across southern Italy and restricting aviation fuel supplies at regional airports.
Shell agrees proposed sale of French fuel retail business to DCC Energy
Shell has reached an agreement with Ireland's DCC Energy for the proposed sale of its French fuel retail and transport services business.
US urges Europe to resume Russian gas imports as part of Ukraine peace deal
The US administration has proposed that European countries resume large-scale imports of Russian natural gas as part of a potential agreement to end the war in Ukraine.
US extends sanctions exemptions for Lukoil's overseas assets until April 2027
The US has extended sanctions exemptions allowing Lukoil to continue operating its overseas fuel retail network and Bulgarian refining assets until April 24, 2027.
EU weighs strategic gas reserves as storage crisis exposes market weaknesses
Brussels is considering strategic gas reserves as low storage levels and disrupted LNG supplies expose Europe's vulnerability to future energy crises.
EU gas storage hits record mid-October low ahead of winter
EU gas storage facilities were just 74.1% full in mid-October, their lowest level for this time of year since records began in 2011.
Netherlands commits over €1bn to gas storage amid rising import dependence
The Dutch government has earmarked more than €1bn ($1.1bn) in subsidies and established a credit facility worth approximately €21bn to support the filling of natural gas storage facilities in 2027.
Trump puts sweeping Russia sanctions on hold as energy crisis takes priority
Trump has suspended sweeping new sanctions against Russia as soaring energy prices increasingly take precedence over efforts to pressure Moscow.
Kazakhstan analysts raise oil price forecasts and lower inflation outlook through 2028
The Kazakh central bank's latest macroeconomic survey saw analysts raising their forecasts for Brent crude prices and lowering their inflation expectations for Kazakhstan through 2028, while projecting economic growth of 4.8% this year.
North Macedonia says fuel supply stable as Okta refinery restart remains an option
North Macedonia's supply of oil and petroleum products, including diesel, remains stable, Energy, Mining and Mineral Resources Minister Sanja Božinovska said.
Senior energy official is first to quit Tisza government as questions emerge over energy reform, future of energy subsidy
Reported clashes over energy reforms and the future utility-bill subsidies may have played a role in the resignation of Energy Ministry state secretary Andras Totth, the first high-ranking official to leave the Tisza government.
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