Region: Europe Category: Oil and Gas Frequency: Every Thursday
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About: EurOil analyses key trends such as the influx of private equity into the North Sea and how it is shaping the basin's future. The monitor also provides key insight on major trends such as decommissioning and the development of frontier regions like West of Shetland. Midstream developments also take prominence, with deep analysis of the region's gas needs and how they will be met in the future.
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Czech government is in talks with Slovakia over fuel supplies from Slovnaft refinery
The Czech government is in talks with its Slovak counterpart over shipments of fuel from the Hungarian MOL-owned Slovnaft refinery in Slovakia.
MOL-NIS deal may become ‘collateral damage’ of Hungarian elections, Serbian analyst says
The election victory by Peter Magyar has thrown MOL's bid for a controlling stake in Serbia's NIS into uncertainty, as Russia declared Hungary a "hostile state", Sebian analysts says.
Fico says 119,000 tons of oil is expected to arrive via Russian Druzhba to Slovakia in April
An expected 13,500 tons of oil is to arrive via the renewed Russian Druzhba oil flow to Slovakia on April 23. Altogether, the Druzhba pipeline is expected to import 119,000 tons of oil by the end of the month, according to PM Fico.
Ukraine restarts Druzhba oil transit, first shipments en route to Hungary and Slovakia
Hungary and Slovakia previously claimed Ukraine was using the suspension of crude oil deliveries on the Druzhba pipeline as leverage to pressure them into backing a €90bn loan package.
Slovak Minister of Economy expects renewed Druzhba oil imports in coming hours
Slovak Minister of Economy Denisa Saková (Hlas) expects renewed oil imports via the Russian Druzhba pipeline in the morning hours of April 23.
Czech Minister of Industry and Trade says country has reserves of jet fuel until autumn
Russia may halt Kazakh oil flows to Germany via Druzhba pipeline
Russia may stop oil exports from Kazakhstan to Germany via the Druzhba pipeline starting from May 1, it was reported on April 21, with three industry sources cited.
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.
Istanbul-listed Aygaz to acquire two more LPG vessels from Korea’s Hyundai Samho for $234mn
Turkey’s Aygaz (AYGAZ) has signed a shipbuilding contract with South Korea’s HD Hyundai Samho for the construction of two liquefied petroleum gas (LPG) transportation vessels, Aygaz said on April 15.
Ankara proposes grand rewiring of Middle East energy export map amid Hormuz blockade
Turkey wants to see a slew of Gulf and other pipelines converge on its territory to ensure the world will never again be cut off from sufficient oil and gas.
Capped fuel prices to remain after new govt takes office, Magyar says after meeting with MOL management
MFA Blanár says Slovakia is ready to block EU’s 20th sanctions package if Druzhba oil flow is not renewed
Slovak Minister of Foreign Affairs Juraj Blanár said that his country is ready to block the EU’s 20th round of sanctions against Russia if the oil flow from the Russian Druzhba pipeline is not renewed.
Bosnia selects US investor for Croatia gas link project
Bosnia and Herzegovina has chosen US investor AAFS Infrastructure and Energy LLC to lead a long-delayed gas pipeline project with Croatia.
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