EurOil - Europe Oil & Gas

Cyprus awaits word from energy giants on gas field developments

Cypriot Energy Minister George Papanastasiou keeps hinting that the Cronos-2 appraisal well completed last month by Italy’s Eni in Block 6 will confirm solid natural gas resources, but the Italian giant has yet to state the size of the resource.

Istanbul-listed Zorlu Enerji to sell gas grid units to Palmet Enerji

Zorlu Enerji (ZOREN) has signed an agreement with Palmet Enerji to sell a 100% stake in its subsidiary Zorlu Enerji Dagitim, Zorlu Enerji said on February 13. The sale price will be set at closing of the transaction.

Fuels produced from Russian oil continue flowing to UK: CREA

Millions of barrels of fuel produced from Russian crude are still being imported into the UK.

Poland pledges oil supply if Germany's Schwedt refinery nationalised

Poland has committed to continue delivering oil to the Schwedt oil refinery in Germant in the event that Berlin nationalises the majority Rosneft-owned plant.

Diesel fuel price in Turkey breaks new record

The diesel fuel price at fuel stations on the European side of Istanbul was hiked by TRY2.57 per litre to TRY 44.29, a fresh record high, BloombergHT reported on February 13

Gazprom Export launches arbitration against Dutch firm Gasunie

Gazprom Export has filed a lawsuit against Dutch firm Gasunie at a St Petersburg arbitration tribunal, court documents show, but details of the case remain unclear.

Austria mulls how to break free from Russian gas

Austrian Energy Minister Leonore Gewessler said the government would look to end national gas company OMV’s long-term gas supply deal with Gazprom.

Russia extends permit for Yamal LNG to supply Germany’s SEFE until 2040

Russia has extended a permit allowing its Yamal LNG export terminal to continue supplying LNG to German state-run gas trader Securing Energy for Europe (SEFE) until the end of 2040, a government document published on February 9 revealed.

EurOil: Germany strikes gas pipeline deal with Algeria

Oil and gas companies to invest over $1 trillion in the next decade expanding production

A report from climate campaign group Global Witness reveals that the fossil fuel sector is anticipated to allocate more than $1 trillion worldwide over the next decade for the expansion of natural gas production.

More figures confirm dramatic uptick in imports of Russian gas to Czechia

Up to 62% of imported gas to Czechia has originated in Russia, preliminary figures by Net4Gas pipeline operator show.

More oil spilled from Orlen’s Lithuanian terminal than first reported, some reached Latvia’s waters

The amount of oil released into the Baltic Sea from the Butinge crude terminal on February 7 was larger than reported by Orlen Lietuva, and some of it has reached Latvian territorial waters.

Czechia in talks to purchase a share in German refinery MiRo

Aker BP hikes 2024 capex spending by 50%

Aker BP, Norway's second-largest listed oil group, has revealed ambitious plans to escalate capital spending by over 50% in 2024, targeting the development of new fields.

Germany mulls nationalisation of Rosneft assets

Germany is considering the nationalisation of Rosneft's assets within its borders, the Russian oil giant’s lawyers said on February 8.