EurOil - Europe Oil & Gas

Canada revives plan to build LNG project in Quebec

First Nations group Kino Aski and Marinvest Energy Canada are reviving plans to build a major LNG project in Quebec.

CPC oil shipments fall 7.4% y/y in 1H26

Caspian Pipeline Consortium (CPC) shipments reportedly fell 7.4% y/y to 33.3mn tonnes in 1H26, down from 36mn tonnes a year earlier, as disruptions at its Black Sea terminal reduced export capacity.

Turkey says Diyarbakir field could pump three times as much oil as Gabar

Turkey believes an oil field in Diyarbakir province could produce two to three times as much crude as Gabar, its largest onshore field.

Hellish scenes in Cyprus as Turkey’s problem with mountains of imported plastic waste washes ashore

Mounting pollution on northern Cypriot beaches show spillover costs of Ankara’s ambition to dominate Europe’s waste-processing trade.

Norwegian data group TGS makes strategic pact with Chevron

Norwegian energy data group TGS has entered a strategic partnership with Chevron to develop next-generation seismic imaging technology, including advanced full waveform inversion and machine-learning applications.

Poland's Orlen hires Noble jack-up for Norwegian oil drilling

Polish energy group Orlen has contracted Noble Corporation's Noble Intrepid jack-up rig to drill an exploration well on the Norwegian Continental Shelf in 2027.

UK's Global sets up new energy commissioning business in Aberdeen

UK-based energy infrastructure services group Global has launched a new commissioning business in Aberdeen, targeting 25 hires by the end of 2026 after already securing contracts with two clients.

Decision time for UK's Rosebank and Jackdaw fields nears after public consultation ends

Two of the UK's largest new offshore oil and gas projects have moved closer to fresh government approvals after public consultations closed on Adura's Rosebank and Jackdaw developments.

NEO NEXT+ wraps up takeover of UK North Sea player Deltic Energy

NEO NEXT+ Energy Upstream UK, a joint venture between TotalEnergies, Norwegian private equity firm HitecVision and Spain’s Repsol, has completed its $9.5mn acquisition of North Sea explorer Deltic Energy.

Poland's ORLEN gets certification for using renewable feedstocks at Plock oil refinery

ORLEN has secured certification under the Oil and Gas Institute’s KZR INiG sustainability scheme for processing renewable feedstocks at its Plock refinery.

Norwegian oil and gas firms jack up investment forecasts for next two years

Norwegian oil and gas companies have raised their investment forecasts for both 2026 and 2027, with higher production drilling activity helping to sustain spending as several major offshore developments approach completion.

Gunvor's petroleum storage facility in Rotterdam explodes

The cause of the Gunvor blast remains under investigation.

North Sea operators ink charter on fast-tracking oil and gas decommissioning

Seventeen North Sea operators have signed a new charter aimed at accelerating the decommissioning of ageing oil and gas wells, as the UK regulator warns that a backlog of around 500 inactive wells could swell sharply over the coming years.

ExxonMobil and partners award $1.1bn of pre-FID contracts for Mozambique’s Rovuma LNG

ExxonMobil and its Area 4 partners have awarded about $1.1bn in contracts for long-lead equipment and early construction work for the Rovuma LNG project in Mozambique, as the developers move closer to a final investment decision (FID).

Turkey slashes Russian oil imports amid drone disruptions to Black Sea shipments

Turkey cut crude imports from Russian ports in July as Ukrainian drone attacks disrupted Black Sea exports, with shipments expected to decline further this month.

Analysts predict mid-to-high $80s per barrel oil prices for this year

Oil price forecasts for 2026 are converging around the mid-to-high $80s per barrel after months of extreme revisions triggered by the Middle East conflict.

EU plans biggest expansion of sanctions designations against Russia since 2022

Iraq pays $1.62 per barrel to Turkey for oil transported via Kirkuk-Ceyhan pipeline

Baghdad sold around 42mn barrels in July, made up of about 35mn from southern ports and 7mn from Turkey's Ceyhan terminal on the Mediterranean.

Moldova says it has enough gas for this winter, but prices are an uncertainty

Moldova has secured all the gas it expects to need this winter and 76% of demand for the full 2026-27 gas year, reducing supply risk but leaving prices uncertain.

UK extends licence to Lukoil to give more time for sale of international business

The UK has extended a licence allowing Lukoil International to keep operating until February 2027, buying more time for the sale of its $22bn overseas portfolio as a shorter US waiver approaches expiry.

EU gas stocks sink below 2021 lows before the hardest winter in five years

Europe's gas tanks are emptier than at any point on record for the time of year, and the cargoes that should be filling them are sailing to Asia instead.

Poland relaunches CPN fuel price scheme for August 17-31, cuts VAT to 8%

The Polish government has decided to reintroduce its fuel price support scheme for the period August 17-31, Prime Minister Donald Tusk announced on August 13, saying it should cut fuel prices by up to PLN1 (€0.23) per litre.