EurOil - Europe Oil & Gas

Ukraine drone attack halts oil loadings at Kazakhstan's main export terminal

Oil loading operations at the CPC terminal on Russia's Black Sea coast have been suspended again, following after a Ukrainian drone attack on an oil tanker.

Serbia's Vučić unsure US will extend NIS sanctions waiver beyond July 31

Serbia’s President is uncertain whether the United States will extend a sanctions waiver allowing oil company NIS to continue operating beyond July 31, casting doubt on the future of talks to remove Russian ownership of the company.

Czechia ends regulation of fuel prices

Regulation of fuel prices came to an end in Czechia on July 20, which is likely to lead to a renewed spike in fuel prices across the country.

Three tankers involved in CPC operations hit on Black Sea over weekend, Kazakhstan condemns attacks

The Caspian Pipeline Consortium (CPC), which carries 80% of Kazakhstan’s oil exports to the Russian Black Sea coast for shipping, said that two oil tankers, ASIA and NISSOS IOS, came under attack while loading crude oil on July 19.

Kazakhstan rules out sending oil to Germany via Druzhba in July and August

The ministry described the disruption as temporary and said Kazakhstan remained committed to diversifying its oil export routes to European markets.

Gazprom Export wins Russian court case against Austrian gas pipeline operator TAG

Gazprom Export has won a Russian court case against Austrian pipeline operator TAG over 12 disputed invoices, in one of dozens of legal proceedings spawned by the collapse of Russia’s once-vast pipeline gas trade with Europe.

Turkey’s BOTAS increases LNG storage capacity at Marmaraereglisi Terminal

Turkey’s state-run energy firm BOTAS has begun construction of a fourth storage tank at the company’s Marmaraereglisi Terminal in the country’s northwest.

OPEC reflects on its superpower era

War‑time disruption, sanctions and the UAE’s exit have exposed the limits of OPEC’s market power, leaving the cartel more constrained, more reactive and less central to price formation

North Macedonia extends oil supply crisis period until October amid energy market uncertainty

OPEC takes aim at the IEA over oil and gas forecasts

OPEC warns that pessimistic demand forecasts and financing restrictions risk deterring oil and gas investment.

Croatia caps fuel price rise as oil market volatility persists

Croatia's government has again intervened to limit increases in fuel prices, Prime Minister Andrej Plenković said on July 16, citing rising global oil prices linked to tensions affecting shipping through the Strait of Hormuz.

Russia's diesel export ban squeezes Turkey as Ukrainian strikes and Iran war compound supply crisis

Turkey is facing acute fuel supply pressure after Russia suspended diesel exports to all markets until the end of July, compounding disruption from Ukrainian attacks on Russian refineries and Iranian strikes on Gulf refining capacity.

Iraq and Turkey plan joint investment fund as Baghdad courts US over energy deals

Iraq plans to establish a joint investment fund with Turkey to finance development projects, Prime Minister Ali Al-Zaidi announced during talks with Turkish Energy Minister Alparslan Bayraktar in Baghdad last week.

Spain's Reganosa to advise Poland's GAZ-SYSTEM on operation of new LNG terminal

Norwegian oil producer Aker BP reports hike in costs at two key projects

The company raised its production guidance for the year, however.

Aberdeen-based oil service provider Unity scores first major Asia-Pacific contract

The companies will deploy Unity’s proprietary surface intervention system for an unnamed international offshore operator.

Italy's Adriatic LNG terminal kicks off open season for LNG regas capacity

Italy’s Adriatic LNG terminal has launched an open season for medium and long-term regasification capacity between 2029 and 2051.

EU gives conditional sign-off for Baker Hughes' $13.6bn takeover of Chart Industries

The European Commission has conditionally approved Baker Hughes’ $13.6bn acquisition of Chart Industries after the companies agreed to divest LNG technology assets and preserve access for rival equipment suppliers.

France's CMA CGM completes biggest bio-LNG bunkering operation to date

TotalEnergies supplied the fuel using its LNG bunkering vessel.

Kashagan operators face July 20 deadline to pay $4.9bn environmental fine

Foreign consortium members operating Kazakhstan's Kashagan oil field must reportedly pay a KZT 2.3 trillion ($4.9bn) environmental fine by July 20 following a court ruling that has entered into legal force.

Denmark's Topsoe, South Africa's Sasol to equip Allied Biofuels' planned $6bn SAF biorefinery in Uzbekistan

Danish company Topsoe and South African group Sasol have signed licensing agreements with Uzbekistan's Allied Biofuels to supply core technologies required for a planned $6.1bn SAF and eSAF biorefinery.

TotalEnergies divests distributed solar business to focus on larger scale

TotalEnergies has sold its European distributed solar business as it concentrates renewable investment on larger utility-scale projects.

Netherlands' Fugro secures deal with Saipem for marine services for UK's first CCS project

Fugro did not disclose its value or duration.

Norwegian oil strike after big hit to production

A month-long Norwegian oil-service dispute ended on July 14, averting an expected rise in oil and gas production losses to around 120,000 barrels of oil equivalent per day by late July.

IEA chief urges EU to rethink opposition to Arctic oil and gas development

IEA head Fatih Birol has urged the EU to reconsider its opposition to new Arctic oil and gas development, arguing that maintaining Norwegian supply will become increasingly important to European energy security.