EurOil - Europe Oil & Gas
OKEA buys into Norway's Mistral find
Norwegian oil and gas firm OKEA has agreed to sell its 20% stake in the PL1119 licence containing the Mistral discovery in the Norwegian Sea.
Incoming Hungarian PM calls on Ukraine to let Druzhba flow
Hungarian election winner Peter Magyar on April 20 urged Ukrainian President Volodymyr Zelenskiy to reopen the Druzhba pipeline as soon as it is ready, and called on Russia to resume shipments.
Oil price divergence in a time of crisis
Kazakhstan court upholds $5bn environmental fine against Kashagan consortium
An Astana court has reportedly upheld a KZT 2.356 trillion ($5bn) environmental fine against the consortium developing Kazakhstan’s Kashagan oil field.
Serbia’s NIS gets new US licence, ownership talks with MOL continue
Serbia’s oil company NIS has received a new sanctions waiver from the United States, allowing it to continue operations until June 16, 2026.
Edison warns that QatarEnergy may extend force majeure past mid-June
Italian energy firm Edison is cautioning that QatarEnergy may need to prolong its force majeure on gas deliveries beyond its earlier set timeline of mid-June.
Czech Republic sharply cuts Russian oil imports
The Czech Republic has sharply reduced its reliance on Russian crude, with imports from Azerbaijan emerging as the dominant supply source last year.
Energy-hungry Europe considers buying Canadian LNG shipped via the Panama Canal
European LNG buyers were already exploring options to buy LNG from Canada amid the US’s tariff threats, but the Middle East conflict has turbocharged the pursuit.
Bosnia’s Republika Srpska signs $560mn gas pipeline deal, work to start in June
Republika Srpska has signed a contract for the design and construction of the Šepak-Novi Grad main gas pipeline.
Russian sabotage operations in Europe almost quadrupled in 2024, IISS says
Russian sabotage operations in Europe almost quadrupled from 2023 to 2024 according to IISS research, with submarine cables, legacy IT systems and underinvestment in critical infrastructure identified as key vulnerabilities.
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