EurOil - Europe Oil & Gas

Dolphin Drilling secures UK North Sea, India deals

Offshore rig contractor Dolphin Drilling has signed a contract with Harbour Energy for the semi-submersible drilling rig Paul B. Loyd Jr. in the UK sector of the North Sea, adding around $150mn to its firm backlog.

Croatia says it will act to keep gas prices low as subsidy deadline nears

Putin pledges to cover Slovakia's energy needs

Russian President Vladimir Putin pledged to continue supplying Slovakia with energy resources during talks with Slovak Prime Minister Robert Fico.

EU imports record volumes from Yamal LNG in April

The figure represented 98% of all LNG exported from the Arctic project over the period.

Italy’s Edison expects two-thirds of LNG supply from Qatar to be delivered shortly after any peace deal

QatarEnergy’s largest Italian customer Edison forecasts that it will receive about two-thirds of its contract LNG volumes between 30 to 45 days after any peace deal between the US, Israel, and Iran.

Hungary’s MOL reports sharply lower Q1 EBITDA as downstream hit by refinery fire and pipeline halt

Hungarian oil giant MOL posted a disappointing Q1 earnings report due to weak downstream results after a fire reduced capacity at its Hungarian unit and the delay in the reopening of the Druzhba pipeline.

INA, MOL discuss possible return to Syria oil and gas operations

Serbia rejects MOL offer in NIS ownership talks

Serbia is not satisfied with a proposal from Hungarian oil and gas group MOL regarding the future ownership structure of sanctioned Serbian refiner Naftna Industrija Srbije (NIS).

Bulgaria approves OMV Petrom’s 25% stake in Khan Tervel offshore block

Bulgaria has approved OMV Petrom to acquire a 25% stake in the Khan Tervel oil and gas exploration block in the Black Sea.

Unknown Serbian firm bids €2bn for Russian stake in NIS

A little-known Serbian company has offered €2bn to buy Russia’s stake in NIS, a move that could complicate an existing agreement with Hungary’s MOL Group.

Gazprom Neft says it is in exclusive talks on NIS sale with MOL

Russia’s Gazprom Neft said it is in exclusive talks with Hungary’s MOL Group over the sale of its stake in Serbian oil company NIS, dismissing reports of competing offers for the asset.

Turkey’s top refiner Tupras swings to 1Q bottom line of TRY 3.7bn

Largest Turkish refiner Tupras (IST: TUPRS) on May 6 reported a 1Q net profit of Turkish lira (TRY) 3.7bn ($81.8mn) versus the bottom line of TRY 127mn that it reported 12 months ago.