EurOil - Europe Oil & Gas
Bulgaria in talks with US investors to expand capacity of TurkStream, Gerb’s leader says
Bulgaria is in talks with US investors to expand the capacity of its section of the TurkStream pipeline that transports Russian natural gas to Europe, Boyko Borissov, the leader of ruling Gerb party, said on May 14.
Half of Borsa Istanbul-listed companies post 1Q loss
Excluding banks, 265 out of Turkey’s 521 Borsa Istanbul-listed companies reported a loss in the first quarter of 2025, according to business daily Ekonomim.
Slovenia and Algeria strengthen energy ties with extended gas supply agreement
Slovenian gas supplier Geoplin and Algeria’s state-owned gas producer Sonatrach have signed an extension of their natural gas supply contract, ensuring a continued and uninterrupted supply of gas to Slovenia in the coming years.
Serbia seeks favourable new gas deal with Russia
Serbia has reached a preliminary agreement with Russia on a new natural gas deal under favourable terms, as the country’s existing contract with Gazprom nears expiration at the end of May.
Posted documents show Eni deliveries of Russian gas to Turkey
Italy’s Eni last year delivered Russian gas to Turkey.
US investment firm eyes stake in Russian gas pipeline to EU via Bulgaria
Elliott Investment Management, one of the most influential US investment firms, is in early-stage talks to acquire a stake in a package of infrastructure assets, including part of the pipeline transporting Russian natural gas to the EU via Bulgaria.
European companies make headway in advancing CCS projects
Amid the clamour over continuing wars, trade tariffs and the price of oil, some European firms are steadily pursuing plans to launch a carbon capture industry in Europe, with the North Sea as a point of focus.
BLOG: Don't be afraid of the great gas glut
We are on the brink of a serious glut in global LNG supply – some will say. Global gas prices are indeed set to fall and the market loosen over the coming years, thanks mainly to the US and Qatar.
US Elliott Investment Management eyes purchasing TurkStream’s Bulgarian section
US Elliott Investment Management hedge fund is in preliminary talks to acquire a stake in a package of infrastructure assets that includes the Bulgarian section of the TurkStream gas pipeline, The Wall Street Journal reported on May 9.
Abrupt cancellation of Central Asia-Gulf states summit sparks questions over Kazakh, Saudi oil tensions
Speculation over tensions between Saudi Arabia and Kazakhstan has been sparked by the abrupt and indefinite postponement of a summit between Central Asian and Gulf states that was scheduled to take place this week in Samarkand, Uzbekistan.
Workers angered by “poverty wages” at Turkish refiner TUPRAS block highway, hold marches at several company sites
Workers at largest Turkish refiner TUPRAS, who have been resisting a signed collective bargaining agreement for weeks, blocked a highway near a refining site in Gebze, southeast of Istanbul, and took part in marches at other company refineries.
Serbia’s Vucic to discuss new gas deal with Putin in Moscow
Aleksandar Vucic visited Moscow for the May 9 Victory Day parade shortly before Serbia’s gas supply agreement with Russian energy giant Gazprom is due to expire.
Hungary and Slovakia vow to resist EU plan to phase out Russian gas
Hungary and Slovakia will coordinate opposition to the European Commission’s plan to phase out Russian natural gas and nuclear fuel by 2027, warning that the proposal poses serious risks to their national energy security and economic stability.
Kazakhstan’s KMG says oil price volatility can be navigated, OPEC+ moves threaten country with possible recession
Kazakhstan’s national oil company KazMunayGas (KMG) has told reporters that it is fully prepared to navigate recent oil price volatility.
Moldova signs three-year deal with OMV Petrom on Neptun Deep gas
Moldovan state-owned energy trader Energocom has signed a three-year contract with Romania’s OMV Petrom to purchase natural gas from the Neptun Deep offshore field in the Black Sea, announced Energy Minister Dorin Jungietu.
North Macedonia begins construction of largest energy project in a decade
The construction of the gas pipeline interconnector between North Macedonia and Greece has officially commenced, marking what the government has described as the largest energy investment in the last ten years.
Hungarian PM says energy price cuts in jeopardy due to Russian gas phase-out
Hungary's Prime Minister Viktor Orban has expressed strong concerns over the EU’s decision to end its dependency on Russian energy, calling it a serious threat to the country’s energy security.
Turkmenistan’s de facto leader in rare visit to Elysee Palace, France examining any gas supply potential
French President Emmanuel Macron on May 5 hosted de facto leader of Turkmenistan Gurbanguly Berdimuhamedov for talks.
Romania signs deal with Turkey for emergency gas import capacity
Romania has signed its first memorandum with Turkey for bilateral cooperation in the energy sector, including the provision of an emergency natural gas import facility with a daily capacity of up to 4 million cubic metres.
Turkish state bank Halkbank asks US Supreme Court to review ruling stating it can be prosecuted in Iran sanctions evasion case
Turkish state bank Halkbank has asked the US Supreme Court to review a lower court ruling stating that it can be prosecuted for allegedly assisting Iran in dodging American sanctions.
Shell reportedly eyes BP takeover in $300bn tie-up
While Shell is on an upward trajectory, BP’s disappointing share performance has fuelled speculation that it could be targeted for takeover.
Blair think-tank releases scathing criticism of UK climate policy
The arguments contrast sharply with those of the UK’s Labour government.
Shell reports 28% fall in Q1 profit
Shell has reported a 28% decline in net profit in the first quarter of this year to $5.6bn, from $7.6bn recorded a year earlier.
Greece approves oil and gas licence tender
Greece has greenlit an international tender for hydrocarbon exploration across four offshore blocks in the Mediterranean, following expressions of interest from Chevron and Hellenic Energy.
Hungarian Commissioner delays EU plan to curb Russian energy dependence
Hungary's EU Commissioner Oliver Várhelyi raised a last-minute objection to delay the approval of the EU's roadmap for ending the bloc's Russian energy reliance.
Construction of €13.3mn biogas plant begins in Estonia
EnviTec Anlagenbau GmbH & Co. KG, one of Germany’s leading producers of green gas, started construction of a new biomethane facility in Parnu County in southwestern Estonia.
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