EurOil - Europe Oil & Gas
Turkey says Hormuz crisis adds urgency to consideration of “new energy architecture” for Iraqi, Qatari and Turkmen oil and gas exports
Looking to the future of oil and gas shipment routes beyond the current conflict in the Middle East, Turkey is with new urgency already assessing the potential of a "new energy architecture" in the region that would create new pipeline options.
Fitch revises outlook on largest Turkish refiner Tupras to positive
Fitch on March 25 in a rating action commentary revised the Outlook on Turkey’s largest refiner Tupras to Positive from Stable while affirming its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB-'.
Hungary fast-tracks Serbia oil pipeline to curb supply risks
Hungary has granted priority status to a planned oil pipeline to Serbia, accelerating approvals and construction in a bid to strengthen energy security and reduce reliance on existing supply routes.
Energean files for continued exploration at offshore Greek block
Greek oil and gas firm Energean and its partners ExxonMobil and HELLENiQ Energy have moved to advance gas exploration offshore Greece, submitting notice to proceed with the second phase of work at Block 2.
UK's Klesch Group acquires BP's oil refinery in Germany
London-based Klesch Group has agreed to acquire BP’s Gelsenkirchen oil refinery business in Germany, expanding its refining footprint in Europe as the UK major continues to streamline its portfolio and cut costs.
UK North Sea oil industry urges greater domestic investment
The UK will need significant volumes of oil and gas for decades despite the expansion of renewables.
Equinor-Shell North Sea JV secures $3bn lending facility
Adura, the UK North Sea joint venture between Shell and Equinor, has secured a $3bn reserve-based lending facility as it looks to underpin growth.
EnQuest eyes further Southeast Asian expansion
London-based EnQuest is stepping up its expansion in Southeast Asia as it looks to build a larger gas-focused business in the region.
Losers and winners from the Qatari LNG disruption
While European and Asian importers have been hit hard by the disruption in Qatari LNG to varying degrees, the crisis has both short- and long-term benefits for US exporters and other LNG competitors.
Turkish energy minister denies Iran has halted gas deliveries to Turkey
Turkey’s Energy and Natural Resources Minister Alparslan Bayraktar has denied that natural gas flows from Iran to Turkey have been halted.
Romania delays and revises fuel price regulation plans
Iranians freeze gas supplies to Turkey following Israeli strike on South Pars
Ankara yet to comment on whether it could face significant gas shortages.
Kazakhstan cancels contract with Shell and Eni
State takes charge of building processing facility at Karachaganak field.
MOL gets US approval to extend talks to buy Russian stake in NIS
MOL is in discussions with Gazprom Neft over acquiring a controlling stake in NIS, as US sanctions imposed in 2025 require the exit of Russian capital from the Serbian company.
Romania to cap fuel markups, restrict exports under six-month crisis regime
Romania plans to introduce a six-month crisis regime in the fuel sector that would cap price markups and restrict exports, "to avoid inappropriate behaviour" of companies. The draft also allows for a temporary reduction in the biofuel content.
Appetite for Turkmen gas could rise in China, Turkey and Europe amid Hormuz crisis
Disruption to Middle East supplies may have concentrated minds. Is Central Asia gas a better bet?
Ukrainian heating firms told to halt gas withdrawals over debt
In the event of non-compliance, the company warned it would forcibly cut gas supply and block accounts.
UK grants Transneft licence to handle Kazakh oil
The UK authority said the licence is valid from March 19, 2026, to March 18, 2028.
Serbia to extend Russian gas deal through October
Serbia expects to extend its current natural gas supply arrangement with Russia by the end of March, securing deliveries until October under a short-term annex agreement.
Serbia to tap oil reserves to curb rising fuel prices
Serbia is negotiating with oil companies to release 40,000 tons of oil, or roughly 15% of its strategic reserves, to the domestic market amid rising global energy prices.
Serbian oil company NIS reports steep losses amid US sanctions
NIS posted a net loss of RSD12.2bn (€104.5mn) in 2025, according to a report by Nova Ekonomija, highlighting the strain from US sanctions and falling global oil prices last year.
Bulgaria fuel prices surge, diesel up 24% since start of war
Since the start of the Iran war on February 28, diesel prices in Bulgaria have jumped from €1.29 to €1.60 per litre, an increase of 24.03%.
Slovenia becomes first European country to cap fuel sales
Government announces 50 litres per person limit for petrol sales, considers measures to prevent "petrol tourism".
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