EurOil - Europe Oil & Gas

Bulgaria’s consumer protection body probes Lukoil fuel prices

Kazakhstan’s oil output drops 4% in May due to lower Tengiz production, remains above OPEC+ quota

Kazakhstan’s daily oil production fell by 4% in May compared to the previous month, driven largely by reduced output from the Tengiz oilfield, Reuters reported on June 2, citing an industry source familiar with the data.

Portuguese energy company eyes output surge from Brazil’s Bacalhau field

Portugal’s Galp expects its oil and gas output in Brazil to rise by around 40% in the coming years as production ramps up at the offshore Bacalhau field.

Turkey’s TPAO to sign Caspian Sea gas production deal with Azerbaijan’s Socar and BP

Ankara and Baku are taking further steps to boost oil and gas production in Azerbaijan with the signing of a major agreement, Turkish Energy Minister Alparaslan Bayraktar has announced.

Italy signs €4bn in agreements with Kazakhstan during Meloni visit to Astana

Italy and Kazakhstan signed a series of agreements totalling €4bn during an official visit paid by Italian Prime Minister Giorgia Meloni to Astana, with the deals covering sectors such as oil and gas, renewable energy and water management.

OPEC+ to raise output by 411,000 bpd as it seeks to punish Kazakhstan and Iraq for overproduction

OPEC+ on May 30 decided to raise output by 411,000 barrels per day (bpd) in July — mirroring increases for May and June — in a move that reassured traders who had feared a sharper supply boost that could have weighed on prices.

OMV sells stake in UAE's Ghasha project to Lukoil

Austria’s OMV has sold its 5% stake in the Ghasha offshore oil and gas concession in the United Arab Emirates to Russian oil major Lukoil.

MOL to take majority stake in Hungary's leading engineering university

Hungary's MOL is set to take majority ownership in the state-owned company running Budapest University of Technology and Economics, Hungary's most prestigious engineering institution, for HUF50bn (€120mn).

Kazakhstan tells OPEC it will not reduce oil production

Kazakhstan has formally notified the Organisation of the Petroleum Exporting Countries (OPEC) that it does not intend to reduce its oil production, Deputy Energy Minister Alibek Zhamauov has told Russia’s Interfax news agency.

Ranking shows refiner Tupras retains title of Turkey’s largest industrial enterprise

Turkish oil refiner Tupras has maintained its number one ranking in the Istanbul Chamber of Commerce’s (ISO’s) Top 500 Industrial Enterprises list thanks to Turkish lria (TRY) 651.6bn ($16.5bn) of production-based sales in 2024.

Slovak oil refiner will continue supplying Czechia after exemption from EU’s ban on Russian oil imports ends

Slovak oil refinery Slovnaft will continue supplying Czechia with diesel deliveries even after the exemption from the EU’s ban on Russian oil imports ends on June 5.

Poland warns of potential EU complaint over German refinery emissions

Poland’s Climate Minister Paulina Hennig-Kloska said a complaint to the European Commission against Germany remains an option over sulphur dioxide emissions from the PCK refinery in Schwedt, near the Polish border.

Turkey’s 4M25 gas imports from Russia via TurkStream, Blue Stream pipelines calculated as up 16% y/y