EurOil - Europe Oil & Gas

Serbia’s NIS doubles capital investments in H1 2024

NIS, Serbia's leading oil and gas company, announced on July 29 that it had invested RSD24.4bn (€208mn) in capital projects during the first half of 2024, marking a 111% increase compared to the same period in 2023.

Swiss energy trader MET secures $1.2bn borrowing facility

Switzerland-based energy trader MET Group has secured a €1.1bn ($1.2bn) borrowing facility for its sales and trading operations.

Cyprus works to limit damage in wake of LNG terminal fiasco

The government of Cyprus finds itself in the embarrassing position of having its long-delayed, long-anticipated LNG regasification terminal project at the southern port of Vassilikos investigated by the European Public Prosecutor’s Office.

EurOil: ExxonMobil, Shell exit Dutch North Sea

US, UK called out on hypocrisy on climate pledges as they ramp up oil and gas exploration to record levels

The US and UK have been accused of hypocrisy as they blow through their carbon budget allowances and issue record amounts of oil and gas exploration licences, The Guardian reports, according to a new report from energy consultant Rystad and the IISD.

European Commission in no rush to step in and settle Lukoil transit ban dispute

Ukraine’s recent sanctions have barred Lukoil from using the country for transit, affecting both Hungary and Slovakia.

Halt of oil imports from Lukoil should not lead to lack of oil in Slovakia, analysts say

In an earlier development, Ukraine tightened sanctions against Lukoil which affected the company’s oil transit to Hungary and Slovakia.