EurOil - Europe Oil & Gas
BOTAS sees no risk to Turkey’s gas supply security posed by Middle East conflict
Turkey’s state-owned oil and gas pipeline operator and energy trader BOTAS has said all necessary measures are in place to guarantee uninterrupted and secure supplies of natural gas across the country.
EU biomethane output remains far short of 2030 target
Biomethane injections into EU gas grids rose 12% in the latest gas year, but remain far below the bloc’s 2030 ambitions.
Equinor quick tie-up of new oil find near Snorre field
Equinor has made a commercial oil discovery near the Snorre field in the Norwegian North Sea that it plans to fast-track through existing infrastructure, as Norway seeks to sustain output from its mature continental shelf.
Shell, Greece's METLEN sign LNG memo
Shell and Greece’s METLEN have signed a memorandum of understanding to cooperate on the supply and trading of LNG between 2027 and 2031.
ING warns Turkey most exposed in CEE to energy price shocks linked to Middle East conflict
Turkey stands out as the most vulnerable economy in Central and Eastern Europe (CEE) to the fallout from rising energy prices linked to the Middle East conflict, according to an ING report.
Hormuz crisis offers Moscow short-term gains, but long-term losses if regime falls
A prolonged closure of the Strait of Hormuz could deliver short-term fiscal relief to Moscow through higher oil and gas prices, but regime change in Tehran would risk stripping Russia of one of its most important strategic allies.
Kazakhstan’s oil output surges by 43% in February
Kazakhstan’s output of oil and gas condensate reportedly surged by around 43% in February from the previous month as production at the giant Tengiz field continued to recover from a major outage.
Norway's Equinor plans to sell some assets in Angola as it continues asset trimming drive
Norwegian oil and gas group, Equinor is considering selling some of its oil fields in Angola, two years after it exited Azerbaijan and Nigeria.
Hormuz crisis puts one-fifth of global LNG supply at risk
Escalating US-Iran tensions have halted LNG production in Qatar and threatened shipping through the Strait of Hormuz, exposing Europe, Asia and emerging importers to sharp price spikes and renewed energy security risks.
Czech Ministry of Finance ejects head of state oil pipeline operator Mero
The Czech Ministry of Finance abruptly ejected a seasoned head of the state oil pipeline Mero Jaroslav Pantůček, Czech Radio and other media in the country reported.
Lukoil unit threatens arbitration over Bulgaria asset controls
A Swiss subsidiary of Russian oil major Lukoil has accused Bulgaria of illegal expropriation and threatened international arbitration after authorities imposed special management on its local operations.
Hungary, Slovakia's oil dispute with Ukraine deepens
Hungary and Slovakia remain embroiled in a deepening dispute with Ukraine and within the EU after Russian oil shipments through the key Druzhba pipeline were halted on January 27.
MOL gives ultimatum to Janaf and warns of legal steps in Russian oil dispute
MOL Group claims EU sanctions rules allow Russian oil shipments if the Druzhba pipeline cannot operate for reasons beyond the country’s control.
Turkish Petroleum sells $1bn debut five-year sukuk at 6.30% coupon
Turkish Petroleum has sold a $1bn debut sukuk eurobond (XS3304298287) due 2031 at a coupon rate and yield-to-investor of 6.30% (priced at 100), IFR reported on February 25.
US extends Lukoil asset sale deadline
The US Treasury Department has extended to April 1 the deadline for the sale of Russian oil giant Lukoil’s foreign assets, including major holdings in Bulgaria, Romania and Serbia.
Kazakhstan’s Tengiz oilfield sees slower-than-anticipated output recovery
Kazakhstan’s flagship Tengiz oilfield is seeing a slower-than-anticipated recovery in oil output, as adverse weather and repeated export terminal drone alerts constrain shipments.
Slovak opposition party files criminal complaint against PM Fico over threats to halt electricity supplies to Ukraine
One of the Slovak opposition parties, neoliberal SaS stated it is filing a criminal complaint against the Prime Minister and leader of the populist Smer party Robert Fico in response to his threats to halt emergency electricity supplies to Ukraine.
Turkey’s sovereign wealth fund reportedly in discussions on potential $10bn petrochemical project
Turkey's sovereign wealth fund is in discussions with international parties on a potential $10bn petrochemical project in the country, CEO Arda Ermut was reported on February 25 as saying.
Tanker that brought Russian oil to Georgian port in October now on UK sanctions list
EU urges Ukraine to speed up Druzhba pipeline repairs
The EU has asked Ukraine to accelerate repairs to the Druzhba oil pipeline after damage from recent strikes disrupted crude supplies to Central Europe, European Commission President Ursula von der Leyen said on February 23.
US formally warned Kyiv over attacks on Russia that damage American oil majors’ interests, says ambassador
Ukraine’s envoy to Washington confirms a demarche was issued.
Follow us online