EurOil - Europe Oil & Gas

Belgium ramps up Russian gas imports in October

Belgium increased its purchases of Russian gas sharply in October, becoming the EU’s third-largest importer of the fuel from the country.

Serbia’s Vucic expects decision on NIS sanctions within days

Serbia’s President Aleksandar Vucic said on December 16 he expects “important and good news” in the coming days on US sanctions against Serbian oil company NIS, adding he hoped a decision would come before mid-January.

Croatia’s electricity, gas supply rise in October, statistics office says

Electricity and natural gas available for Croatia’s domestic market increased in October.

Snam acquires stake in Italy’s Offshore LNG Toscana from Igneo

Italy’s natural gas grid operator Snam has acquired a 48.2% stake in Offshore LNG Toscana (OLT) from UK-based Igneo Infrastructure Partners.

Venture Global pushes back against Shell in New York Supreme Court

Tensions continue to boil between the two companies after Shell’s arbitration case loss.

Dutch TTF gas hub sees record trading in 2025

Intercontinental Exchange said on December 15 that trading volumes for Europe’s benchmark gas contracts reached a record in 2025.

Hungary seeks Azeri gas to replace Russian supply

Hungary signed a framework agreement last week with Azerbaijan that could allow purchases of up to 800 mcm of natural gas over the next two years.

Romania extends production permits for OMV Petrom, raises gas sales tax

Romania’s coalition government said last week it had extended exploration and production permits for OMV Petrom.

Harbour acquires struggling Waldorf for $170mn in further UK North Sea consolidation

Harbour Energy has agreed to acquire substantially all subsidiaries of Waldorf Energy Partners and Waldorf Production, which are currently in administration, for $170mn.

Germany's Uniper buys all gas production Vermillion has in-country

Germany’s Uniper has agreed a two-year contract to purchase all of Vermilion Energy’s natural gas production in the country.

Black Sea attacks cited as Turkish straits delays faced by tankers grow to 12 days

Delays faced by oil tankers sailing through the Turkish straits have grown to around 12 days for a round trip to the Black Sea, up from around seven days in the previous week, it was reported on December 12

Turkey looks to expand Turkmen gas swap deal

Questions over potential US and EU sanctions cloud efforts.

Slovenia’s Petrol targets €300mn net profit by 2030 under new five-year strategy

Slovenia’s energy company Petrol plans to generate around €300mn in net profit by 2030, as outlined in its newly approved strategy for the 2026–2030 period.

North Macedonia and Serbia step up work on strategic gas interconnector

A North Macedonian delegation led by energy minister Sanja Bozinovska held talks in Belgrade on accelerating the construction of the gas interconnector with Serbia, a project seen as crucial for regional energy security and connectivity.

Kazakhstan redirects crude exports amid CPC disruptions

Kazakhstan is redirecting part of its crude oil exports away from the Caspian Pipeline Consortium (CPC) system towards alternative routes, including the Atyrau–Samara pipeline through Russia.

Erdogan asks Putin for limited shipping ceasefire. Hours later Russia hits three Turkish vessels in Ukraine ports

Attacks amount to rebuff to request made by Turkey’s president in face-to-face meeting with Russian leader.

Germany plans tightened control over Rosneft assets in wake of US sanctions

Germany is considering tightening the external administration regime governing Rosneft’s assets in the country in response to tougher US sanctions.

Kazakhstan so far loses 480,000 tonnes of oil due to Ukrainian drone strike on CPC

Kazakhstan has so far lost about 480,000 tonnes of oil output as a result of the Ukrainian drone attack on the Caspian Pipeline Consortium’s (CPC's) offshore infrastructure, TASS reported on December 11, citing Energy Minister Yerlan Akkenzhenov.

Hungary reaches gas supply agreement with Azerbaijan

Hungary has reached an agreement to purchase 800bcm of natural gas from Azerbaijan over the next two years, Foreign Affairs and Trade Minister Peter Szijjarto said on December 11.

Serbia cannot nationalise NIS without Russia’s consent, Lavrov says

Serbia cannot nationalise its sanctioned oil company, Naftna Industrija Srbije (NIS), without Russia’s consent, Russian Foreign Minister Sergei Lavrov said on December 11.

Romania extends OMV Petrom's onshore licenses in exchange for higher royalties, under broader agreement

Romania's Government said that it had approved measures to “rebalance the cooperation” with OMV Petrom for the next 15 years, following what it described as a principled agreement intended to support the country’s energy independence.

Croatia’s INA confirms new gas reserves in North Adriatic offshore field

TurkStream operator moves to Hungary to escape asset seizure

Romanian government extends Neptun Deep exploration period for OMV Petrom and Romgaz

OMV Petrom and its equal partner Romgaz received a two-year extension to the exploration period of the Neptun Deep offshore perimeter in the Black Sea, following their decision to proceed with a new exploration well. Overall concession ends in 2045.

Vucic says Russia has 37 days to sell NIS stake or Serbia will act

Serbia’s President Aleksandar Vucic has set out three possible outcomes for resolving the future of oil company NIS, which has been hit by US sanctions and unable to import crude for two months.