EurOil - Europe Oil & Gas
MOL signs upstream agreement with SOCAR
Slovenia’s Geoplin wins €185.2mn damages claim against Gazprom Export in ICC arbitration
An arbitral tribunal of the International Chamber of Commerce (ICC) has ruled that Russia’s Gazprom Export breached its contractual obligations towards Slovenia’s gas importer Geoplin during the period from June to December 2022.
CPC to speed up repairs of single point moorings at Black Sea oil export terminal
The Caspian Pipeline Consortium (CPC) will reportedly receive two new single-point moorings for its Russian Black Sea coast oil export terminal earlier than planned, with delivery now expected in January instead of April.
Kazakhstan expects ruling in Karachaganak arbitration case by end-2025
Kazakhstan reportedly expects a ruling before the end of the year in an arbitration case involving the international consortium developing the Karachaganak oil and gas condensate field.
Erdogan urges Russia, Ukrain to stop targeting Black Sea vessels
Turkish President Recep Tayyip Erdogan on December 15 urged Russia and Ukraine to stop targeting vessels on the Black Sea, addressing an event organised by Turkey’s foreign minister to bring together Turkish ambassadors in Ankara.
Hungary’s MVM Signs five-year LNG deal with Chevron
This deal follows an initial framework agreement reached during a Hungarian government delegation's visit to Washington last month, which set the stage for broader energy cooperation between the countries.
Belgium ramps up Russian gas imports in October
Belgium increased its purchases of Russian gas sharply in October, becoming the EU’s third-largest importer of the fuel from the country.
Serbia’s Vucic expects decision on NIS sanctions within days
Serbia’s President Aleksandar Vucic said on December 16 he expects “important and good news” in the coming days on US sanctions against Serbian oil company NIS, adding he hoped a decision would come before mid-January.
Croatia’s electricity, gas supply rise in October, statistics office says
Electricity and natural gas available for Croatia’s domestic market increased in October.
Trump invites Slovak strongman PM Fico to meet him in US
US President Donald Trump invited Slovak populist Prime Minister Robert Fico to meet him during the 250th celebration of US independence next July.
Snam acquires stake in Italy’s Offshore LNG Toscana from Igneo
Italy’s natural gas grid operator Snam has acquired a 48.2% stake in Offshore LNG Toscana (OLT) from UK-based Igneo Infrastructure Partners.
Venture Global pushes back against Shell in New York Supreme Court
Tensions continue to boil between the two companies after Shell’s arbitration case loss.
Dutch TTF gas hub sees record trading in 2025
Intercontinental Exchange said on December 15 that trading volumes for Europe’s benchmark gas contracts reached a record in 2025.
Hungary seeks Azeri gas to replace Russian supply
Hungary signed a framework agreement last week with Azerbaijan that could allow purchases of up to 800 mcm of natural gas over the next two years.
Romania extends production permits for OMV Petrom, raises gas sales tax
Romania’s coalition government said last week it had extended exploration and production permits for OMV Petrom.
Harbour acquires struggling Waldorf for $170mn in further UK North Sea consolidation
Harbour Energy has agreed to acquire substantially all subsidiaries of Waldorf Energy Partners and Waldorf Production, which are currently in administration, for $170mn.
Germany's Uniper buys all gas production Vermillion has in-country
Germany’s Uniper has agreed a two-year contract to purchase all of Vermilion Energy’s natural gas production in the country.
Black Sea attacks cited as Turkish straits delays faced by tankers grow to 12 days
Delays faced by oil tankers sailing through the Turkish straits have grown to around 12 days for a round trip to the Black Sea, up from around seven days in the previous week, it was reported on December 12
Turkey looks to expand Turkmen gas swap deal
Questions over potential US and EU sanctions cloud efforts.
Slovenia’s Petrol targets €300mn net profit by 2030 under new five-year strategy
Slovenia’s energy company Petrol plans to generate around €300mn in net profit by 2030, as outlined in its newly approved strategy for the 2026–2030 period.
North Macedonia and Serbia step up work on strategic gas interconnector
A North Macedonian delegation led by energy minister Sanja Bozinovska held talks in Belgrade on accelerating the construction of the gas interconnector with Serbia, a project seen as crucial for regional energy security and connectivity.
Kazakhstan redirects crude exports amid CPC disruptions
Kazakhstan is redirecting part of its crude oil exports away from the Caspian Pipeline Consortium (CPC) system towards alternative routes, including the Atyrau–Samara pipeline through Russia.
Erdogan asks Putin for limited shipping ceasefire. Hours later Russia hits three Turkish vessels in Ukraine ports
Attacks amount to rebuff to request made by Turkey’s president in face-to-face meeting with Russian leader.
Germany plans tightened control over Rosneft assets in wake of US sanctions
Germany is considering tightening the external administration regime governing Rosneft’s assets in the country in response to tougher US sanctions.
Kazakhstan so far loses 480,000 tonnes of oil due to Ukrainian drone strike on CPC
Kazakhstan has so far lost about 480,000 tonnes of oil output as a result of the Ukrainian drone attack on the Caspian Pipeline Consortium’s (CPC's) offshore infrastructure, TASS reported on December 11, citing Energy Minister Yerlan Akkenzhenov.
Hungary reaches gas supply agreement with Azerbaijan
Hungary has reached an agreement to purchase 800bcm of natural gas from Azerbaijan over the next two years, Foreign Affairs and Trade Minister Peter Szijjarto said on December 11.
Serbia cannot nationalise NIS without Russia’s consent, Lavrov says
Serbia cannot nationalise its sanctioned oil company, Naftna Industrija Srbije (NIS), without Russia’s consent, Russian Foreign Minister Sergei Lavrov said on December 11.
Romania extends OMV Petrom's onshore licenses in exchange for higher royalties, under broader agreement
Romania's Government said that it had approved measures to “rebalance the cooperation” with OMV Petrom for the next 15 years, following what it described as a principled agreement intended to support the country’s energy independence.
TurkStream operator moves to Hungary to escape asset seizure
Romanian government extends Neptun Deep exploration period for OMV Petrom and Romgaz
OMV Petrom and its equal partner Romgaz received a two-year extension to the exploration period of the Neptun Deep offshore perimeter in the Black Sea, following their decision to proceed with a new exploration well. Overall concession ends in 2045.
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