EurOil - Europe Oil & Gas

Don't hold your breath for Central Europe to give up Russian oil any time soon

Hungary and Slovakia’s reluctance to quit Russian oil is consistent with their broader defence of continued economic ties with Russia.

BP warns of Q3 exploration write-offs, weak refining margins

BP has reported on October 11 that weaker margins at its refineries, reduced sales of gasoline and other oil products, along with increased exploration write-offs, would impact its earnings for the three months leading up to September 30.

ExxonMobil in talks with other Miro refinery shareholders to advance sale

ExxonMobil has been in advanced discussions with other shareholders to facilitate the sale of its stake in Germany's second-largest refinery.

Vaar Energi plans two-well campaign in Barents Sea

Norwegian oil operator Vaar Energi plans to drill a pair of exploration and appraisal wells targeting oil near its Goliat field in the Barents Sea.

Norwegian appeals court rejects environmental injunction against oil and gas projects

A Norwegian appeals court has ruled in favour of the government in a case brought by environmental groups seeking to block the development of three oil and gas fields.

UK’s Grain LNG terminal receives accreditation on methane emissions from MiQ

The UK’s Grain LNG terminal has achieved an historic certification as the first LNG port in the world to be granted MiQ’s accreditation for the methane emissions performance of its operations.

Euroil: ExxonMobil scraps plans for UK CO2 pipeline

Russian oil flow via Ukraine unaffected by Kyiv's sanctions on Lukoil, says Vedomosti

Russian oil transit through Ukraine's pipeline system in July and August was largely unaffected by Kyiv halting Lukoil deliveries.

Serbia secures additional gas deliveries from Russia

Serbia has secured additional gas supplies from Russia for the upcoming winter season, following an agreement reached on October 9 between Dusan Bajatovic, general director of Srbijagas, and Aleksei Miller, chairman of the Gazprom management board.

Gazprom signs MoU on boosting gas supply to Hungary

Despite the EU pushing to eliminate Russian gas imports by 2027, Hungary is increasing rather than decreasing its dependence on Russian supplies.

Hungary’s MVM and Gazprom sign gas supply agreement

Romania’s OMV Petrom enters Bulgaria’s gas supply market

Romania's major oil and natural gas producer OMV Petrom announced in a note to investors that it is entering the natural gas supply market in Bulgaria, where it is targeting industrial consumers.

Turkey, Brazil emerge as top importers of Russian diesel, gasoil in wake of EU ban

Turkey and Brazil have emerged as the top importers of Russian seaborne diesel and gasoil in the wake of the EU’s embargo on Russian petroleum products introduced in February last year.

Czech antitrust office looks into country’s energy companies

MVM to continue gas diversification strategy, CEO says

The CEO of Hungary’s state energy company, MVM, stated that the end of the gas transit agreement between Ukraine and Russia from next year will not affect the company’s procurement strategy and MVM plans to continue its diversification efforts.