EurOil - Europe Oil & Gas
Norway's Equinor targets growth opportunities overseas
The Norwegian state giant dominates domestic oil and gas production, but maturing of the country’s basins means that national output is projected to decline albeit relatively slowly over the coming decade.
Ambassador says Serbia and Russia may stick to short-term gas deals
Russian ambassador to Belgrade Aleksandar Bocan-Kharchenko says new long-term gas supply contract unlikely due to EU pressure, market instability and transit risks.
UK extends licence for Lukoil’s operations in Bulgaria
Britain has extended the validity of a general licence allowing transactions with the Bulgarian subsidiaries of Russia’s Lukoil until August 13.
Qatar’s North Field East: a measured albeit vague expansion the world is waiting for
NFE is the first leg of a broader plan to almost double Qatar’s LNG production capacity. Currently sitting at around 77mn tonnes per year, capacity is expected to grow to roughly 110mn tpy by as early as this year.
Brent set to fall 10% in 2026, analysts say
The average price of Brent crude oil is expected to fall by around 10% in 2026 to $62.1 per barrel, despite a recent rise in prices, as a persistent supply surplus continues to weigh on the global market.
US to ship first LNG to Ukraine via Poland this year
Ukraine has received its first shipment of US LNG this year, with around 100 mcm delivered via Poland’s Swinoujscie LNG terminal in partnership with Polish energy group Orlen.
UK considers selling seized Russian shadow tanker oil
The UK is examining whether it can sell oil held on board detained tankers linked to what it calls Russia’s “shadow fleet”, and use the proceeds to help cover the cost of holding the vessels.
Kazakhstan may see sharp drop in oil exports in February, says report
Kazakhstan reportedly may see a sharp drop in oil exports this month through its primary export corridor via Russia, with shipments potentially declining by up to 35%.
Serbia says ADNOC to take significant stake in NIS as Russian owners exit
ADNOC is expected to take a minority holding in a joint company with MOL that would become NIS’s majority owner.
Bosnia moves forward on US-backed gas link to Croatia
Amendments to clear the way for US companies to participate in building the Southern Interconnection pipeline.
Shell pauses investment in Kazakhstan amid majors’ multibillion dollar wrangle with government
Amid huge compensation demands, CEO says “it does impact our appetite to invest further”.
Follow us online