EurOil - Europe Oil & Gas
US extends sanctions waiver for Serbia's NIS until July 31
The United States has extended a sanctions waiver allowing Serbia's sole oil refiner NIS to continue operating until July 31, giving the company another month to secure a deal to remove Russian ownership that triggered US sanctions.
Ukraine's Naftogaz holds US LNG talks
Naftogaz said the meetings took place with representatives of the US Department of State, the Department of Energy, the US International Development Finance Corp. and the US EXIM Bank.
Italy's Edison says QatarEnergy has extended force majeure on LNG cargoes
The additional notice means QatarEnergy will be unable to deliver a further four LNG cargoes scheduled to arrive at Italy’s Adriatic LNG terminal by early September, Edison said.
Bulgaria, Litasco edge toward settlement in Lukoil refinery dispute
The Bulgarian government and Litasco have taken initial steps toward an out-of-court settlement over a dispute linked to Lukoil’s Bulgarian operations.
Neste announces nine weeks of maintenance at Finland's Porvoo oil refinery
The Finnish refiner said fuel deliveries to customers would continue as normal during the shutdown, with supply secured by preparing products in storage ahead of the work
Equinor gets greenlight for Norwegian North Sea wildcat well
The Norwegian Offshore Directorate has granted Equinor a drilling permit for a wildcat well in the North Sea.
UK oil and gas industry makes renewed call for energy policy change
OEUK CEO David Whitehouse wrote to all 403 Labour MPs on June 29, arguing that the UK had suffered 50 years of industrial erosion, growing reliance on imported energy and the offshoring of its carbon emissions.
Norwegian producers Equinor and Var Energi agree oil and gas asset swap
Norwegian oil producers Equinor and Vår Energi have agreed an asset swap on the Norwegian Continental Shelf aimed at accelerating development of the Peon gas discovery and strengthening Equinor’s position in the Troll-Fram area.
QatarEnergy, ExxonMobil, Cyprus strike deal to exploit gas discovery off Cypriot coast
QatarEnergy, ExxonMobil and Cyprus have signed a commercial discovery declaration for the Glaucus and Pegasus gas fields in Block 10 offshore Cyprus, advancing plans to exploit the country’s offshore gas resources.
Energy statistics show we remain an overwhelmingly fossil fuel-based world
Renewables are growing fast, but oil and gas by far still dominate the global energy system.
Shell predicts 65% surge in LNG demand by 2050
Global LNG trade reached 422mn tonnes in 2025 and had been expected to rise significantly this year.
EDF secures major solar, storage and digital energy projects in Oman
France’s EDF Power Solutions has strengthened its footprint in Oman’s clean energy sector through a series of landmark agreements signed in Paris during the official visit of Sultan Haitham bin Tarik to France on June 29.
COMMENT: Ukraine may take the war to Russian LNG
An attack on Yamal LNG would be a market-shaking scenario, particularly for Europe.
Poland’s Orlen launches test sales of synthetic fuel HVO100 on Slovak market
Poland's largest energy multi-utility Orlen said on June 29 it had launched a test offering of HVO100, a synthetic, 100% fossil-free renewable diesel fuel, in Slovakia. This fuel is currently available in Austria, Germany and the Czech Republic.
Norwegian oil worker lock-out set to disrupt drilling and production
Around 1,000 Norwegian oil service workers were locked out on the morning of June 27, escalating a labour dispute that is expected to disrupt drilling and some production on the Norwegian continental shelf.
US oil and gas software firm Quorum snaps up Scottish AI supply chain platform
Quorum said the acquisition was part of its broader strategy to build a unified AI platform for the energy industry, spanning areas from subsurface planning to supply chain execution.
Europe set to enter heating season with gas storage at 15-year low: FT
EU gas storage sites are forecast to end the April-October restocking season only 76% full.
Norway's Ocean Installer bags major contract at Balder Next oil project
The contract covers engineering, procurement, construction and installation work for subsea umbilicals, risers and flowlines.
EU's oil and gas suppliers push back against methane regulation
The US, Qatar, Nigeria and Algeria have warned the EU that its methane regulation could disrupt oil and gas supplies to Europe unless the bloc clarifies the rules and introduces targeted amendments.
Po Valley filles EIA for four-well drilling programme in Italy
Po Valley operates the concession with a 63% interest, while London-listed Prospex Energy owns the remaining 37%.
Nord Stream 2 AG sues EU over bloc's move to phase out Russian gas
Nord Stream 2 AG, the operator of the idle Nord Stream 2 gas pipeline controlled by Russia’s Gazprom, has filed a lawsuit against the EU, arguing that the bloc’s decision to phase out Russian gas imports amounts to expropriation.
Kazakhstan not to ship oil to Germany via Druzhba in July
Russia informed Kazakhstan at the end of May that there was still no technical possibility of resuming Kazakh oil transit through Druzhba, without disclosing a reason.
Serbia's NIS seeks new US waiver as sanctions deadline looms
NIS has requested a new waiver from the US Treasury Department to allow it to continue operating beyond July 1, as the deadline approaches for both its sanctions exemption and negotiations over the sale of the company's Russian-controlled stake.
France’s Technip Energies to study feasibility of Kazakhstan’s fourth oil refinery
France’s Technip Energies is set to conduct a technical and economic feasibility study for Kazakhstan’s planned fourth oil refinery.
Poland's top energy companies pledge joint effort to rebuild Ukraine's infrastructure
Poland's four biggest energy companies signed a letter of intent on June 25 to cooperate on the reconstruction of Ukraine, as the country's prime minister thanked Poland for its support during the war with Russia.
Gazprom Neft says talks on sale of Serbia's NIS are ongoing
Gazprom Neft said on June 25 that negotiations over the sale of its stake in Serbia's oil company NIS are continuing, offering a rare public indication that talks remain active despite months of uncertainty surrounding the transaction.
France intercepts suspected Russian shadow fleet oil tanker
France has intercepted a tanker linked to Russia’s so-called shadow fleet off the coast of Sicily, President Emmanuel Macron said on June 25, after the UK carried out a similar operation against another vessel earlier this month.
Oman, Turkey TPOC sign offshore concession agreement for Musandam Block 80
Oman signed a new offshore concession agreement with a consortium comprising OQ Exploration and Production (OQEP) and Turkish Petroleum Overseas Company Limited (TPOC) for Block 80, located offshore Musandam Governorate in north Oman.
Russia in talks to import Kazakh gasoline as Ukraine’s drone attacks hammer refineries
Russian petrol output reported as down by 25% as of late June.
Italy’s MAIRE signs agreement to explore sustainable aviation fuel platform in Kazakhstan
Italian engineering group MAIRE (BIT: MAIRE) has signed a memorandum with Kazakhstan’s sovereign wealth fund Samruk-Kazyna and the Italo-Kazakh Trade Association (ACIK) to cooperate on the development of a SAFplatform.
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