EurOil - Europe Oil & Gas

4 December 2024

Serbia’s NIS launches €50mn bond issuance

3 December 2024

The Oil Industry of Serbia (NIS) has officially launched the subscription period for its corporate bonds, which will remain open until December 13.

Russia starts stripping Germany's Linde of assets

2 December 2024

Germany’s Linde, which ceased operations in Russia citing sanctions, has begun losing its assets in the country after failing to win a series of legal battles with Russian contractor RusKhimAlliance.

Gas prices rising as EU storage tanks empty faster than usual

2 December 2024

Gas withdrawals from EU underground storage tanks have accelerated as Europe suffers from the first cold snap of winter. Gas tanks were 85.5% full as of December 1, having peaked at 95.3% full on October 29, according to Gas Infrastructure Europe.

Russia, Kazakhstan consider prospect of sale of Germany's Schwedt refinery

30 November 2024

Russia and Kazakhstan are considering the possibility of Rosneft selling its stake in the PCK Raffinerie in Schwedt, eastern Germany, Russian President Vladimir Putin said on November 28 during a state visit to Kazakhstan.

Poland’s Orlen sank €1.2bn in Olefins 3 project under PiS government

28 November 2024

Audit identifies significant financial mismanagement in state-owned enterprises under previous government.

Union Jack Oil still confident about UK's Wressle field

27 November 2024

London-listed junior Union Jack Oil has reiterated its confidence in the future productivity of the Wressle oil field, despite recent challenges surrounding its planned expansion.

Parkmead mulls ditching UK oil and gas, eyes renewables and international upstream

27 November 2024

The UK now levies some of the highest taxes on oil and gas production in the world.

North Sea oil regulator slaps largest ever fine on operator

27 November 2024

The North Sea Transition Authority (NSTA) has issued its highest-ever fine of GBP350,000 to Spain’s Repsol North Sea Ltd for actions that led to a five-day production shutdown at the Flyndre field and obstructed petroleum recovery.

Germany to raise gas storage tariff from January 1

27 November 2024

The tariff charged for accessing Germany's underground gas storage facilities will increase by a fifth from January 1, following a decision to exempt foreign buyers from the levy.

Germany presses on with $18bn gas-fired power plan

27 November 2024

German Economy Minister Robert Habeck moved forward on November 22 that will provide some €17bn in subsidies over the next nearly two decades for “hydrogen-ready” natural gas-fired power plants.

Russian gas flow through Ukraine continues to be stable

27 November 2024

Russian natural gas flow to Europe via Ukraine remained stable on November 27, despite Gazprom cutting off supply to Austria’s OMV over non-payment earlier this month.

Turkey seeks US waiver from Gazprombank sanctions

27 November 2024

Turkey is seeking a waiver from US sanctions on Russia’s state bank Gazprombank, which plays a critical role in facilitating payments for Russian natural gas supplies.