EurOil - Europe Oil & Gas

27 November 2022

Gazprom unveils its biggest investment programme in eight years as it begins to reorientate to the east

24 November 2022

Gazprom announced its biggest investment programme since 2014 of $35bn as the company prepares to embark on major capital-intensive work that may include new pipelines to Europe and China and suggests is may be expecting higher earnings from Europe.

EU releases symbolic gas and preliminary oil cap price numbers

23 November 2022

The European Commission released preliminary prices for the gas and oil price caps at a level that is more of a symbolic gesture than the stringent sanctions that will crush the Kremlin's budget that many were hoping for.

Relaunch of Russian gas supplies to Azerbaijan raises questions about Baku-Brussels deal

22 November 2022

Russia’s Gazprom announced on November 18 it would deliver up to 1bn cubic metres of natural gas to Azerbaijan between now and March under a new contract with the latter country’s state-owned oil firm SOCAR.

Bulgaria accepts Lukoil's controversial offer for tax cash in exchange for exports to EU

22 November 2022

Caretaker government accepts offer despite warnings it could breach the EU sanctions regime.