EurOil - Europe Oil & Gas

25 July 2025

Serbia seeks 180-day extension of US sanctions waiver for NIS

24 July 2025

Serbia has submitted a formal request to the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) to extend a sanctions waiver on its Russian-controlled oil company, Naftna Industrija Srbije (NIS), for an additional 180 days.

Much touted billion-euro Estonian methanol plant project scrapped

24 July 2025

A planned billion-euro methanol plant in Estonia’s Parnu has been scrapped, after Dutch company Power2X unexpectedly pulled the plug on the project without explanation.

Uzbekistan to sign oil exploration deal with Azerbaijan's Socar for Ustyurt plateau

24 July 2025

Uzbekistan is set to sign a production-sharing agreement with the State Oil Company of the Azerbaijan Republic (Socar) for joint oil exploration and production on Ustyurt plateau.

Hungary holds trilateral talks on construction of new oil pipeline to Serbia with Russia

23 July 2025

Hungary and Serbia are moving ahead with plans to build a new cross-border oil pipeline that could transport up to 5mn tonnes per year of crude, as both countries deepen energy ties with Russia despite EU sanctions.

Azerbaijan’s Socar reportedly considering sale of Aegean Sea container port in Turkey

23 July 2025

Azerbaijan’s national oil company Socar is mulling a sale of its port unit in Turkey, Bloomberg reported on July 22.

OMV Petrom and Romgaz launch €750mn infrastructure works for Neptun Deep offshore gas project

23 July 2025

OMV Petrom (BVB: SNP) and Romgaz (BVB: SNG) are going to commence infrastructure investments worth €750mn for the Neptun Deep offshore natural gas project in the Black Sea, following the issuance of an authorisation.

OMV Petrom and NewMed Energy sign offshore drillship contract for Bulgarian Black Sea exploration

23 July 2025

OMV Petrom and NewMed Energy Balkan have awarded to Noble Corporation a contract for offshore drilling operations in Bulgaria’s Black Sea waters.