EurOil - Europe Oil & Gas

Turkey’s TPAO, Shell sign deal to explore in Bulgaria’s Black Sea zone

Turkish Petroleum Corporation (TPAO) has signed a partnership agreement with Shell to explore oil and natural gas deposits in Bulgaria’s exclusive economic zone in the Black Sea.

Chevron, HELLENiQ sign deal to hunt for gas offshore Greece

A consortium led by US oil major Chevron has signed exclusive lease agreements with Greece to explore for natural gas offshore southern Greece.

European Parliament approves 90% emissions cut target for 2040

The European Parliament last week approved amendments to the EU Climate Law that would require the bloc to cut greenhouse gas emissions by 90% by 2040 compared with 1990 levels.

Norway to see dip in oil, gas investment in 2026

Norwegian oil and gas investment is set to fall this year and next as a wave of major field developments reaches completion and fewer new projects enter the pipeline.

Eni eyes return to oil and gas trading

Italian energy group Eni is considering a return to oil and gas trading as it looks to capture the outsized profits earned by rivals BP, Shell and TotalEnergies amid heightened price volatility driven by geopolitical tensions.

Former UK PM Blair's thinktank urges changes in oil and gas policy

A new report from the Tony Blair Institute for Global Change calls for a reset of the UK;'s energy strategy, urging the government to rethink its oil and gas policies to improve affordability, security and economic competitiveness.

Kazakhstan to lift annual oil refining capacity to 40mn tonnes by 2033

Kazakhstan has brought forward plans to expand its oil refining industry. It aims to lift annual processing capacity to 40mn tonnes by 2033 — seven years ahead of the previous 2040 target.

Czech minister of industry offers Slovakia oil supplies via Druzhba pipeline

Slovakia's oil supplies via the Russian Druzhba have been disrupted since the end of January, following Russia’s military operations in the east of Ukraine.

Kazakhstan identifies more than 20 promising hydrocarbon sites in Aral Basin

More than 20 promising hydrocarbon sites in the Aral Basin in Kazakhstan have been identified by a state geological exploration programme, according to a reported briefing from Kanat Yerubaev, acting chairman of the Geology Committee.

MOL expands retail operations in Poland

MOL operated 459 filling stations in Poland at the end of 2025, making it one of the country’s leading fuel retail networks.

Slovak operator of state reserves reiterates oil supplies are not threatened by Druzhba disruption

Slovak state operator of material reserves SŠHR reiterated that oil supplies are not threatened by the latest Druzhba disruption.

Hungary’s MOL asks gov’t to release strategic crude reserves after delivery on Druzhba pipeline comes to a halt

MOL requested the release of 250,000 tonnes of strategic crude reserve if deliveries from the Druzhba pipeline do not resume in the coming days.

Poland’s Orlen to update 2035 strategy in H1 2026, keeps PLN380bn investment target

Poland’s largest energy multi-utility Orlen is set to present an update to its 2035 strategy in the first half of 2026, CEO Ireneusz Fąfara announced on February 16, while upholding the group's massive investment pledge.

Croatia says ready to supply Hungary and Slovakia after Russian oil halted

Croatia is ready to help Hungary and Slovakia secure oil supplies after the disruption of Russian crude flows via Ukraine, Economy Minister Ante Šušnjar said.

Turkish Petroleum and BP look at potential joint projects in Iraq, Libya

National oil company Turkish Petroleum (TPAO) and British energy major BP have signed a memorandum of understanding on enhancing cooperation in oil and natural gas, including via a potential collaboration in Iraq.

Slovakia is ready to open oil reserves following Druzhba pipeline disruption

Serbia’s NIS seeks new US sanctions waiver ahead of February 20 deadline

NIS has applied for a new US sanctions waiver to allow it to continue operating beyond February 20, when its current licence expires.

Druzhba oil flow sees further disruptions

Oil flows to Slovakia through the pipeline effectively stopped in early February, after volumes had already fallen sharply in January.

How dangerous are Europe's low gas storage levels

Europe is heading into the final stretch of the 2025-26 winter with gas storage at unusually low levels and prices elevated, prompting warnings from Gazprom but also highlighting how weather, LNG flows and policy will shape market risks.

Serbia industrial turnover up 11% y/y despite oil sector disruption

Industrial turnover in Serbia rose 11.1% y/y in December 2025, driven by strong foreign demand and a surge in mining activity, even as uncertainty surrounding oil firm NIS weighed on the energy sector.

TotalEnergies takes over control of Zeeland refinery

Newfoundland mayor pumps brakes on proposed LNG plant

The mayor of Fermeuse, Newfoundland is cautioning against getting too far ahead in proposed plans for a potential LNG facility in the tiny town on Canada’s east coast.

MOL partners with Repsol, TPAO in Libya

MOL has entered Libya through a partnership with Spain’s Repsol and Turkey’s TPAO, following the country’s first oil and gas licensing round since 200

Romania to place Lukoil’s local assets under extended state supervision

Romania’s Ministry of Energy has recommended placing the local entities owned by Russia’s Lukoil group under an extended state supervision regime, to protect national processing capacity and prevent disruptions on the fuel market.