EurOil - Europe Oil & Gas

Turkey stands to significantly gain from oil pact with Iraq, say analysts

Turkey stands to make significant gains from an anticipated oil pact with Baghdad that replaces a decades-old deal governing Iraq’s northern crude exports, according to quoted analysts.

Centrica, Ksi Lisims LNG enter HoA for long-term LNG supply

The UK’s Centrica Energy has entered into a heads of agreement to buy 1mn tonnes per year of LNG from the proposed Ksi Lisims project in Canada.

Apache workers back UK North Sea strike as Forties disruption risk disputed

More than 160 offshore workers employed by Apache have backed strike action in a pay dispute covering seven UK North Sea installations.

Norway’s Aker BP reshapes management around exploration-to-production value chain

Aker BP has appointed a new executive management team from the start of next year, as part of a reorganisation aimed at accelerating project development and reducing costs.

Orcadian loses US partner for offshore UK gas-to-data-centre project

UK upstream developer Orcadian Energy and an unnamed US data-centre company have abandoned plans to jointly develop the Earlham Gigagrid.

Halliburton rules out Sea Lion work as Argentina raises legal pressure

The company said Argentine authorities had raised questions over the potential criminal and civil enforcement of existing legislation, proposed new laws and regulations governing companies’ eligibility to contract in Argentina.

Norway’s Reach Subsea extends Deep Cygnus charter through March 2028

Norway’s Reach Subsea has exercised a one-year option to extend the charter of the Deep Cygnus subsea construction vessel through March 2028.

Singapore’s Seatrium wins ninth Karpowership FSRU conversion

Singapore’s Seatrium has secured a contract from Karpowership to convert the LNG carrier LNGT Akdeniz into a floating storage and regasification unit (FSRU), marking the ninth such project between the companies.

ConocoPhillips eyes the door after six decades in Norway

ConocoPhillips is weighing a potential exit from Norway after receiving an unsolicited bid for its upstream business and Teesside terminal.

Eni extends fuel discounts to Italian agriculture and fishing sectors

Italy’s Eni has extended its fuel-price relief programme to the country’s agriculture and fishing sectors as high energy costs continue to pressure businesses and consumers.

France pushes emergency oil release as G7 responds to diesel squeeze

France proposed releasing 50mn barrels of crude and 50mn barrels of diesel from European strategic stocks as governments sought to contain soaring fuel prices and head off threatened US restrictions on diesel exports.

Three ships collide off Norway’s coast, including chemical tanker Xanthia

A chemical tanker and two cargo ships collided in a narrow fjord near Ålesund on Norway’s west coast early on October 4, triggering a major emergency response but causing no injuries or pollution.

Poland's Orlen puts windfall fuel tax charge at PLN2bn (€456mn) for March-August

Poland's largest energy group Orlen said on October 2 that it estimated its liability under the new windfall tax on fuel profits at PLN2bn (€456mn) for the March–August 2026 period, as President Karol Nawrocki signed the legislation into law.

Croatia seeks stronger role in Central European energy security, Plenkovic says

Croatia aims to strengthen its role in securing energy supplies for central Europe by expanding gas infrastructure around its liquefied natural gas terminal on the Adriatic island of Krk, Prime Minister Andrej Plenkovic said on...

MOL fails to secure licence for share swap deal involving the private equity fund of Istvan Tiborcz

UK sanctions eight vessels and Novatek trading arm over Russian LNG shipments

The UK has sanctioned eight vessels linked to Russian LNG transportation and Novatek's Singapore-based trading subsidiary, as London steps up restrictions on the shipping network supporting Russian gas exports.

Netherlands’ Gate LNG expansion lifts capacity to 20 bcm per year

Dutch gas infrastructure operator Gasunie and storage group Royal Vopak have completed a three-year expansion of the Gate LNG import terminal in Rotterdam, increasing its regasification capacity by 25% to 20 bcm per year.

US extends sanctions waiver for Serbian oil company NIS

The US has extended a licence allowing NIS to continue operating until October 30, giving MOL more time to pursue a deal to take over the Russian-controlled stake in the refiner.

EU plans to postpone methane rules for oil and gas imports

The European Commission will propose delaying the EU's methane rules for imported oil, gas and coal, bowing to pressure from France, the US and exporters ahead of a tight winter.

Kazakhstan restarts collection of $5.2bn Kashagan fine

Kazakhstan has reportedly restarted enforcement proceedings to collect a KZT 2.3 trillion ($5.22bn) environmental fine from the consortium operating the Kashagan oilfield.

Fitch says Turkey’s Petkim suffering from “structural overcapacity in European chemicals market”

Turkish petrochemical producer Petkim (IST: PETKM) is suffering from “structural overcapacity in the European chemicals market”, according to Fitch Ratings.

France’s Technip Energies wins Petkim contracts for proposed Turkish petrochemical complex

France’s Technip Energies has secured engineering and technology contracts from Petkim for a proposed integrated petrochemical complex at Aliağa in Türkiye.

Westlake to close Cologne PVC plant as European chemicals pressure persists

Westlake will permanently close its 165,000-tonne-per-year polyvinyl chloride (PVC) plant in Cologne, Germany, as weak demand, high energy costs and increasing Asian imports continue to undermine the competitiveness of European chemicals.

TotalEnergies postpones Normandy refinery maintenance in France as diesel market tightens

France’s TotalEnergies has postponed planned maintenance at its Normandy refinery until 2027.

UK's EnergyPathways advances £1bn MESH energy storage hub

The project combines long-duration compressed-air energy storage, strategic natural gas and hydrogen storage, and hydrogen, ammonia and graphite production.

Reabold targets UK’s West Newton A-2 gas well recompletion in Q4 2026

Reabold Resources expects to begin recompletion work on the West Newton A-2 well in East Yorkshire during the fourth quarter of 2026, after raising £4.3mn in the first half to fund the programme.

Rockhopper keeps UK Falkland Islands’ Sea Lion first oil target at Q1 2028

London-listed Rockhopper Exploration has maintained its target of achieving first oil from the first phase of the Sea Lion development in the Falkland Islands during the first quarter of 2028.

Norway’s Aker Solutions wins expanded BP North Sea engineering contract

Norway’s Aker Solutions has secured a three-year framework agreement to provide engineering and integrity services across BP’s North Sea portfolio, expanding an existing relationship between the companies.

Norway's Vår Energi completes $110mn Pandion oil and gas acquisition

Norway’s Vår Energi has completed its $110mn acquisition of selected Norwegian assets from Pandion Energy, adding production, development projects and exploration acreage around its core Gjøa and Åsgard hubs.

Serbia extends Russian gas supply deal until year-end

Serbia has extended its natural gas supply arrangement with Russia's Gazprom for three months until the end of the year under the same terms.

Germany seeks more Kazakh oil despite continued Druzhba suspension

Germany wants to increase imports of Kazakh crude as part of its effort to diversify away from Russian supply.

Oil flow through Kazakh-Russian CPC pipeline sees 4mn tonne decline this year

Oil exports through the Caspian Pipeline Consortium fell by around 4mn tonnes year on year between January 1 and September 25, as lower Tengiz production.

Germany orders state gas importer SEFE to ramp up purchases for storage

Germany has ordered state-owned gas importer SEFE to accelerate purchases for underground storage as the country enters the heating season with inventories well below the EU average.

Russia's Gazprom extends gas supply deal with Serbia to year-end

Russia’s state gas exporter Gazprom has extended its natural gas supply arrangement with Serbia for another three months, maintaining existing volumes and pricing through the end of December.

Turkey’s Karpowership completes seven-vessel FSRU conversion programme

Turkey’s Karpowership has completed a seven-vessel LNG carrier-to-FSRU conversion programme with Singapore’s Seatrium, following the delivery of the final vessel, LNGT Türkiye.