EurOil - Europe Oil & Gas
Turkey’s Russian Urals crude oil imports in October look set to match those of September
Turkey reportedly looks set to maintain its imports of Russian Urals crude oil in October at around 280,000 barrels per day (bpd), with the figure forecast to be flat against the September intake.
EU decision to ban Russian gas transit raises alarm in Serbia
Belgrade warned that the EU's decision to halt imports and transit of Russian natural gas from 2026 poses a serious threat to its energy security, with senior politicians calling the move "catastrophic".
Hungary to challenge EU’s ban on Russian gas imports, vows to block REPowerEU
Hungarian Foreign Minister Peter Szijjarto says the European Council’s decision to ban Russian fossil fuel imports by 2027 could jeopardise Hungary’s energy security.
EU sets 2028 deadline to end Russian gas imports under phased ban
European Union energy ministers have approved a plan to end all Russian gas imports by 2028, introducing a phased ban on new and existing contracts.
UK unveils ambitious new energy strategy
Explosion at Lukoil refinery in Romania injures one worker
EU energy ministers back plan to phase out Russian energy
EU energy ministers have endorsed a plan to phase out Russian oil and gas imports by January 2028.
All of Guyana's Yellowtail oil exports in September bound for Europe
Guyana exported four crude oil cargoes from its newly operational Yellowtail project in September, marking the first shipments from the development that commenced production in August.
Ukrainian drones strike Russia’s Orenburg gas processing plant, facility suspends intake of Kazakh gas
Russia’s Orenburg gas processing plant was forced to suspend its intake of gas from Kazakhstan following a Ukrainian drone attack, Kazakhstan's energy ministry said on October 19.
Romania’s Romgaz challenges EC-imposed CO2 storage targets in EU court
Romania’s state-controlled gas producer Romgaz has filed a direct action against the EC with the Court of Justice of the EU, seeking the annulment of the decision obliging it to secure a CO₂ storage capacity of 4mn tonnes per year by 2030.
US warns Serbian banks over sanctions breach involving NIS
US sanctions on NIS prohibit transactions with the Serbian oil company involving US-linked financial instruments, including payments using Visa, Mastercard and other foreign-issued cards.
Aker BP reports higher costs at key Norwegian projects
Aker BP reported on October 16 that the estimated costs of its main offshore oil and gas projects in Norway have risen sharply in nominal terms, largely because of currency weakness and value-enhancing scope changes.
London-listed junior set to acquire oil and gas licence in west Ukraine
London-listed Pennpetro Energy has signed heads of terms (HoT) to acquire full ownership of the Limnytskyi oil and gas exploration licence in western Ukraine through a newly formed Polish holding company.
EU pushes to close back door allowing imports of fuels produced from Russian oil
The EU has issued detailed guidance requiring importers of refined fuels to prove that shipments entering the bloc are not produced from Russian crude oil, tightening enforcement ahead of a new sanctions measure due to take effect in early 2026.
Russia's Transneft offers to design Hungary-Serbia oil pipeline
Russian pipeline operator Transneft has offered Serbia and Hungary assistance with the design and expert evaluation of a planned cross-border oil pipeline.
EU to tighten enforcement on fuel imports made from Russian crude
The European Union will require fuel importers to prove their cargoes are not derived from Russian crude oil, strengthening enforcement as a new ban on such products takes effect on January 21 2026.
Commercial gas sales start at MOL-invested Kurdistan gas project
Pearl Petroleum, the operator of the consortium at the Iraqi Kurdistan Khor Mor facility, which includes MOL, announced the start of commercial gas sales, marking a 50% increase in processing capacity.
Hungary’s MOL to expand fuel terminal in Serbia
Hungarian oil company MOL is moving to expand its fuel delivery terminal in Serbia, aiming to bolster regional energy security following the imposition of US sanctions on Serbia’s main fuel supplier NIS.
Russia promises Serbia cheap, uninterrupted gas
Russia will continue supplying natural gas to Serbia at favourable prices despite offering only a short-term extension to the current contract.
Hungary’s gas imports from Russia reaches all-time high: foreign minister
Hungary remains committed to maintaining a secure energy supply and the lowest household gas prices in the EU, Foreign Minister Peter Szijjarto said at the Russian Energy Week in Moscow.
Hungary steps up oil exports to Serbia after US sanctions on NIS
Hungarian energy company MOL has ramped up oil exports to Serbia following the imposition of US sanctions on Serbia’s Gazprom-controlled oil firm NIS.
Serbia offers to buy part of Russian stake in NIS amid US sanctions
Serbia’s President has proposed that Serbia acquire a portion of the Russian stake in the country’s leading oil and gas company, NIS, as a possible solution to US sanctions.
Europe enters winter heating season with cautious optimism
Putin ally Timchenko acquires Shell’s former stake in Western Siberian oil fields
Russian billionaire Gennady Timchenko, a close associate of President Vladimir Putin, has acquired Shell’s former 50% stake in the Salymsky oil project in Western Siberia
Kazakhstan’s oil output rises 13% to 75.7mn tonnes in first three quarters
Kazakhstan produced 75.7mn tonnes of oil and condensates between January and September, marking a 13.2% increase compared with the same period of last year, The Caspian Post reported on October 14, citing Energy Minister Yerlan Akkenzhenov.
Russia’s oil revenue slips as refinery outages curb product exports
Russia’s oil revenue declined again in September to $13.35bn, as repeated drone attacks on refineries curtailed fuel exports despite a rise in crude shipments, the IEA reported
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