EurOil - Europe Oil & Gas

TotalEnergies targets first gas from Absheron Phase 2 in 2029

TotalEnergies plans to begin production from the second phase of the Absheron gas-condensate field offshore Azerbaijan on September 1, 2029.

Hormuz crisis raises wider risks for Turkey far beyond oil prices, says policy brief

As well as an energy bill nightmare, country faces triple whammy in industrial production, agriculture and logistics.

Worley picked for Aphrodite FEED off Cyprus

Australia’s Worley has been selected by Chevron to provide front-end engineering design and procurement services for the Aphrodite gas field development offshore Cyprus.

US-Iran war knocks out 15% of TotalEnergies' global output

France’s TotalEnergies said disruptions linked to the escalating conflict in the Middle East have forced the shutdown or suspension of around 15% of its global oil and gas production.

German left-wing party calls for resumed Russian oil and gas imports amid energy crisis

A senior figure in Germany’s left-wing Bündnis Sahra Wagenknecht party has called for the resumption of Russian oil and gas imports.

Netherlands' Boskalis scores decommissioning contract from Shell in UK North Sea

The ageing oil and gas infrastructure of the UK North Sea is fuelling a growing wave of decommissioning activity.

Ukraine’s Naftogaz reportedly approaches OMV Petrom for Black Sea offshore gas partnership

Ukraine’s state-owned energy company Naftogaz is in early-stage talks with Romania’s OMV Petrom (BVB: SNP) over a potential partnership to develop an offshore gas field in the Black Sea.

Czech vice-PM says Prague can lead EU’s Druzhba pipeline inspection

Czech vice Prime Minister and Minister of Industry and Trade, Karel Havlíček of the populist Ano party has said Prague can lead the Druzhba oil pipeline inspection.

Hungarian MOL and Slovak Slovnaft file another complaint against Croatian Janaf

Hungarian energy group MOL and its Slovak subsidiary and the country’s key refinery Slovnaft, filed another complaint with the European Commission’s Directorate General for Competition against Croatia’s oil transporter Janaf.

Azerbaijan plans major ramp-up in gas, power exports

Why Europe's gas price cap plan will backfire

Brussels is again considering a cap on gas prices to shield consumers from soaring energy costs, but the policy risks weakening Europe’s ability to attract LNG cargoes just as the bloc faces a difficult storage refill ahead of next winter.

Greek tanker set to load Kazakh oil hit by object near CPC terminal

A Greek-flagged oil tanker, the Maran Homer, was reportedly struck by an unidentified object early on March 14 while it awaited instructions on entering the Caspian Pipeline Consortium (CPC) terminal at the Russian Black Sea port of Novorossiysk.

Gazprom presses on with major Arctic gas project despite loss of European market

Gazprom is pressing ahead with development of the giant Kharasavey gas field on the Yamal Peninsula even as the collapse of exports to Europe leaves the company searching for new markets for its Arctic gas.

US sanctions easing on Russian oil deepens rift with Europe amid energy shock

A decision Trump to ease some sanctions affecting Russian oil exports has triggered sharp criticism from European allies, exposing growing divisions within the West over how to balance pressure on Moscow with stabilising global energy markets.

Asia and Europe to battle over dwindling LNG cargoes

Asian and European energy buyers are competing to secure increasingly scarce LNG cargoes after conflict in the Middle East disrupted shipments through the Strait of Hormuz, the Financial Times reported on March 12.

Serbia’s NIS seeks new US license before March 20 deadline

The Oil Industry of Serbia (NIS) has requested a new special license from the Office of Foreign Assets Control (OFAC) to continue operating, as negotiations on the sale of Russia's stake continue.