EurOil - Europe Oil & Gas
Vucic says Russia has 37 days to sell NIS stake or Serbia will act
Serbia’s President Aleksandar Vucic has set out three possible outcomes for resolving the future of oil company NIS, which has been hit by US sanctions and unable to import crude for two months.
Norway's Equinor reports biggest hydrocarbon finds of the year
Norway’s Equinor has reported two new gas and condensate discoveries in the Sleipner area of the North Sea, its largest finds so far this year.
Hungary's MVM vows to cover domestic gas demand if Russian supply ceases
Hungary’s state-owned energy group MVM will be able to cover the country’s gas needs even if Russian imports cease.
TotalEnergies announces UK North Sea merger with Repsol, HitecVision
TotalEnergies announced on December 8 it will combine its UK North Sea oil and gas portfolio with a partnership between Spain’s Repsol and private equity group HitecVision, further accelerating consolidation in the ageing basin.
Eni strikes LNG supply contract with Thailand's Gulf Development
Eni has agreed a long-term LNG sales contract with Thailand’s Gulf Development, strengthening its position in Asian gas markets and advancing plans to build a diversified global LNG portfolio.
Putin authorises sales involving Rosneft-Shell JV in Caspian Pipeline Consortium
Russian President Vladimir Putin has authorised potential transactions involving the joint Rosneft–Shell stake in the Caspian Pipeline Consortium.
OMV Petrom files documents for second deep-water exploration well in Neptun Deep
OMV Petrom, the operator of the Neptun Deep gas perimeter together with Romgaz, has submitted environmental documentation for a new deep-sea exploration well. The new exploration well is required under the concession agreement.
Viktor Orban thanks Turkey for securing route for Russian energy exporters to Hungary
Eni signs LNG supply deals with Thailand and Turkey
Italian energy company Eni has signed a pair of long-term LNG sales and purchase agreements with energy companies in Thailand and Turkey.
MOL, TPAO begin joint seismic surveys in Southern Hungary
MOL and Turkish Petroleum Corporation have begun seismic surveys to assess potential oil and natural gas reserves in Southern Hungary, the Hungarian oil group said in a statement.
Western majors lobbying Ukraine to stop attacks on CPC oil export route, says analyst
Kazakhstan agrees new deal to pipe crude to China in response to drone raid that damaged Black Sea shipment terminal.
Ukraine's Black Sea attacks may prove counter-productive
Ukraine’s extension of the conflict into the wider region risks fuelling tensions with its neighbours.
US sanctions on Russian-owned NIS shake Serbia’s FX market
Serbia’s central bank sought to calm markets on December 8 after a rush by citizens to buy euros caused temporary shortages at some exchange offices and pushed the dinar to its weakest level this year.
Slovakia to join Hungary in challenging phase out of Russian fossil imports at EU court
Slovakia is to join Hungary in challenging the phase out of the Russian fossil fuel imports at the European Court of Justice, according to the Hungarian Minister of Foreign Affairs Péter Szijjártó.
Three Kazakh senior managers at Batumi Oil Terminal detained on suspicion of selling undeclared crude
Three Kazakh citizens working as senior managers at Batumi Oil Terminal on the BlackSea coast in Georgia have been detained on suspicion of participating in a large-scale scheme to sell undeclared crude.
State utility giant says Hungary can secure gas supplies without Russia, but at higher cost
Hungary would be able to meet its gas supply needs even if Russian imports were to cease completely, but prices would rise as a result, the CEO of state-owned energy group MVM, Karoly Matrai, has said.
Serbia expects to sign short-term gas deal with Russia, Vucic says
Serbia expects to sign a short-term natural gas supply deal with Russia soon, President Vucic said on December 5, seeking to reassure the public amid concerns over the country’s energy security following US sanctions on NIS.
How Kazakhstan and Western oil major partners could take $27bn yearly hit from Ukraine’s drone attacks on Black Sea port
Moscow, on the other hand, might lose a mere $0.6bn annually, argues analyst.
Kazakh oil output drops after CPC drone strike
Kazakhstan’s combined oil and condensate production reportedly fell 6% in the first two days of December after a Ukrainian drone attack damaged the Caspian Pipeline Consortium’s (CPC's) Russian Black Sea terminal.
Romania opts for supervision only of Lukoil refinery during ownership transfer
Romanian authorities will supervise but not manage operations at Lukoil’s Petrotel refinery while the Russian group seeks a buyer for the asset, an emergency ordinance adopted this week states.
Turkey extends expiring Russian gas import contracts by year, announces plans to invest in US gas production
Turkey has extended its expiring Russian gas import contracts by a year, energy minister Alparslan Bayraktar announced on December 4.
Turkey tells Russia, Ukraine to keep energy infrastructure out of war
Turkey has told Russia, Ukraine and all relevant parties to ensure energy infrastructure is kept out of the Russo-Ukrainian war, Turkish Energy Minister Alparslan Bayraktar said on December 4.
Serbia's NIS says fuel sales unaffected despite refinery shutdown
Serbia’s Oil Industry of Serbia (NIS) said on December 3 that fuel sales across its retail network were continuing normally despite the shutdown of the country’s only oil refinery and tightening pressure on banks from US sanctions.
Turkish shipowner halts Russia-linked operations after blasts off Senegal
Turkish shipping company Besiktas has suspended all operations connected to Russia after one of its oil tankers was damaged by multiple explosions near Senegal’s coast,
Hungary to challenge EU plans to ban Russian oil and gas in court
Foreign Minister Peter Szijjarto says plan to ban EU member states' imports of Russian oil and gas from 2027 would "undermine Hungary's energy security".
Slovak Economy Minister Saková claims Bratislava negotiated extension of Russian gas imports
Slovakia has a valid contract with Gazprom until 2034 and opposes EU plans to phase out Russian fossil fuel imports by 2027.
Turkey’s TPOC completes entry into three blocks onshore and offshore Pakistan
Turkish Petroleum Overseas Company (TPOC) has reportedly completed its entry into three blocks in Pakistan.
“Very scary” attacks on Black Sea tankers threaten safety of all in region, says Turkish foreign minister
"Very scary" attacks on Russia-linked tankers in the Black Sea threaten the safety of all in the region, Turkish Foreign Minister Hakan Fidan said on December 3.
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