EurOil - Europe Oil & Gas

Republika Srpska approves GAS-RES takeover of Comsar

Norway's DeepOcean launches Saudi subsea joint venture with Jana Marine

Norway's DeepOcean and Saudi Arabia's Jana Marine establish JADE Subsea Services joint venture for Middle East offshore energy sector, with five-year charter for hybrid-powered diving support vessel Jana 201.

Chevron CEO reportedly says negotiations with Kazakhstan off to “good start”

Chevron’s discussions with the government of Kazakhstan on an extension of its operating concession have begun on a positive note, Upstream reported on November 3, citing the company’s CEO Mike Wirth, who spoke during a quarterly earnings call.

Hungary, US set to deepen nuclear energy ties during Orbán’s White House visit

Viktor Orban, seeking to secure a temporary waiver from US sanctions on Russian oil, will propose a pragmatic energy deal to Washington, offering deeper cooperation in the LNG and nuclear sectors.

Shell reports third quarter profit beat paced by LNG trading

Supermajor Shell reported a third quarter profit of $5.4bn, beating forecasts on the back of 12.2bn in cashflow from operations.

Turkish refineries reportedly buying more non-Russian crude in response to sanctions

Turkey's largest oil refineries are reportedly purchasing more non-Russian oil as they react to the latest Western sanctions imposed on Russia in relation to its war in Ukraine.

Navigating headwinds, OPEC+ pivots to price defence for Q1 2026

In a significant strategic pivot, the OPEC+ consortium is prioritising market stability and price defence over its recent campaign to recapture market share

Hungarian PM expected to press Trump for Russian oil sanctions waiver

Russia’s LNG exports soar by 21% in October

The commencement of cargoes from Arctic LNG 2 has taken Russia’s LNG exports to new levels.

Bulgaria suspends fuel exports to EU after US sanctions Lukoil

Bulgaria has temporarily suspended exports of petroleum products to European Union countries after the United States imposed sanctions on Russian oil giant Lukoil.

US push to pressure Iran providing fresh incentive for trans-Caspian pipeline

Turkmenistan showing interest in the idea.

Serbia and North Macedonia to launch gas interconnector by 2028

A new gas pipeline connecting Serbia and North Macedonia is expected to be completed by 2027, with operations starting in 2028.

OMV Petrom reports mixed results for first nine months of 2025

OMV Petrom (BVB: SNP), Romania’s largest listed company and main oil and gas producer, posted mixed financial results for the first nine months of 2025, with revenues edging higher while profits declined year on year.

Kazakhstan reportedly in talks with ExxonMobil over expansion of Kashagan oil field

Kazakhstan is holding negotiations with Exxon Mobil on developing the untapped section of its giant Kashagan oil field, Bloomberg reported on October 30, citing people familiar with the discussions.

Shell and Orlen among potential buyers for Lukoil’s Romanian assets

Shell and Poland’s PKN Orlen are reportedly among several potential buyers interested in Russian energy group Lukoil’s assets in Romania, including the Petrotel refinery.

Serbia’s oil refinery will continue to function until November 25

Serbia’s sole oil refinery in Pancevo will continue normal operations until November 25 despite US sanctions targeting the Oil Industry of Serbia (NIS), Energy Minister Dubravka Dedovic Handanovic said on October 29.

Serbia’s central bank accuses media of spreading panic over NIS sanctions

Serbia’s central bank has rejected claims that the use of the country’s domestic Dina payment card at fuel stations run by the sanctioned oil company NIS could trigger US penalties, calling such reports an attempt to “spread panic.”

Serbia’s NIS posts 9-month net loss as US sanctions weigh on performance

NIS, majority-owned by Russia’s Gazprom Group, said it had operated in “extremely complex circumstances” after sanctions were announced by the US Treasury Department.

Viktor Orban facing delicate balancing act to persuade Donald Trump to ease pressure on Hungary over Russian sanctions

The Hungarian prime minister, long admired in MAGA circles and hailed by Donald Trump as a “great leader” now finds himself for the first time at odds with the US president over the latest US sanctions on Russia.