EurOil - Europe Oil & Gas

Another blow to EastMed as Cyprus favours simpler export option

The EastMed gas pipeline project, which has been discussed for over decades, looks even less likely to materialise after the new government in Cyprus now says it favours the development of a shorter link from Israel.

Ithaca warns of policy risks to UK energy security

The UK's energy security is at risk as a major oil and gas producer, Ithaca Energy, warns of potential shortages and overreliance on imports as a result of the opposition Labour Party’s proposed ban on new oil and gas exploration in the North Sea.

Spanish biogas association says government needs more ambitious targets

The leading opposition party, People's Party, is advocating for nuclear power plant extensions and potential support for biogas, while the ruling Socialist Party favours more wind and solar energy.

European gas prices remain elevated amid warm weather

European gas prices remain elevated versus levels seen for most of this month, amid abnormally warm weather sweeping most of north-west Europe, despite high inventories and ample LNG supply.

Poland's Orlen taps BP's Norwegian oil for its refineries

Poland’s state-owned energy company Orlen has reached a deal with BP to acquire up to 6mn tonnes (44mn barrels) of oil from the UK major’s fields off Norway over the next year, it said on July 27.

QatarEnergy seeks buyer for stake in Italy’s Adriatic LNG terminal

State-owned petroleum company QatarEnergy is looking to offload its stake in Italy’s biggest LNG import terminal, according to sources briefed on the sale, Energy Intelligence reported on June 26.

Estonia’s Eesti Gaas buys Latvian Gaso

Swedish investigators may hold back intel from Nord Stream probe

Authorities in Sweden have said that some materials from their investigation into the blowing up of the Nord Stream gas pipelines last autumn may be kept secret, Russian media reported last week.

Kazakhstan strikes deal to expand oil supplies to German refinery

The agreement was reached between Kazakhstan’s state-owned oil company KazMunayGas (KMG) and Rosneft Deutschland, the former subsidiary of Russia’s Rosneft that holds refining assets in Germany now under the control of the Federal Network Agency.

EurOil: Eni, Vaar snap up Neptune for $4.9bn

Poland’s PKN Orlen announces huge fuel price discounts for summer

Eni, Vaar snap up Neptune for $4.9bn

Italian energy major Eni and its Norwegian subsidiary Vaar have reached an agreement to acquire Neptune Energy, a private-equity-backed gas and oil producer focused on the North Sea.

Foreign managers manage SOFAZ assets worth almost $8.2bn

Poland was not base for Nord Stream saboteurs, Warsaw says

Oil pipeline agreement reached between Serbia and Hungary