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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Hungary’s gas imports from Russia reaches all-time high: foreign minister
Hungary remains committed to maintaining a secure energy supply and the lowest household gas prices in the EU, Foreign Minister Peter Szijjarto said at the Russian Energy Week in Moscow.
Hungary steps up oil exports to Serbia after US sanctions on NIS
Hungarian energy company MOL has ramped up oil exports to Serbia following the imposition of US sanctions on Serbia’s Gazprom-controlled oil firm NIS.
Serbia offers to buy part of Russian stake in NIS amid US sanctions
Serbia’s President has proposed that Serbia acquire a portion of the Russian stake in the country’s leading oil and gas company, NIS, as a possible solution to US sanctions.
Europe enters winter heating season with cautious optimism
Putin ally Timchenko acquires Shell’s former stake in Western Siberian oil fields
Russian billionaire Gennady Timchenko, a close associate of President Vladimir Putin, has acquired Shell’s former 50% stake in the Salymsky oil project in Western Siberia
Kazakhstan’s oil output rises 13% to 75.7mn tonnes in first three quarters
Kazakhstan produced 75.7mn tonnes of oil and condensates between January and September, marking a 13.2% increase compared with the same period of last year, The Caspian Post reported on October 14, citing Energy Minister Yerlan Akkenzhenov.
Russia’s oil revenue slips as refinery outages curb product exports
Russia’s oil revenue declined again in September to $13.35bn, as repeated drone attacks on refineries curtailed fuel exports despite a rise in crude shipments, the IEA reported
Indian state refiners cut Russian crude imports by over 45% amid rising freight costs and US pressure
India’s state-owned oil refiners have reduced Russian crude oil purchases by more than 45% between June and September, redirecting volumes to Iraq as freight costs rise and diplomatic pressure from the United States intensifies
Russia lifts September oil output but stays just under OPEC+ cap
Russia’s crude oil production increased to 9.321mn barrels per day (bpd) in September, up by 148,000 bpd from August
Amid drone strikes in Russia, Kyrgyzstan’s gasoline reserves reportedly down to one month of market coverage
Kyrgyzstan’s current gasoline reserves are only sufficient to cover market demand for one month, The Times of Central Asia (TCA) said on October 13, citing participants in a recent meeting convened by the Antimonopoly Regulation Service.
Serbia’s Vucic reassures public after US sanctions hit Gazprom-owned NIS
Serbia's President Aleksandar Vucic sought to reassure citizens that the country faces no imminent energy crisis after US sanctions took effect against NIS, the Gazprom-controlled company that supplies most of Serbia's fuel.
Serbia disappointed as Gazprom offers only short gas deal extension
Gazprom has offered Serbia an extension to its natural gas supply contract instead of the long-term deal Belgrade had expected, as Moscow seeks to preserve leverage following the imposition of US sanctions on Serbia's oil sector.
Russia’s seaborne fuel exports fall 17% after refinery drone strikes
Russia’s seaborne oil product exports declined 17% month-on-month in September to 7.58mn tonnes after a series of drone attacks disrupted operations at several major refineries, tightening domestic supply and shifting export flows
Canadian investor makes pitch to take over troubled UK refinery
Under Amram’s proposal, the UK government would retain ownership of the refinery to maintain control over a strategic national asset.
China’s exports to Russia fall 21% in September
China’s yuan-denominated exports to Russia dropped 21% year on year in September to CNY63.11bn ($8.85bn), marking a sixth consecutive monthly decline and the steepest fall since February
Gazprom CEO defends role of gas in energy transition
Miller highlighted the rapid expansion of data centres as a key factor boosting demand for gas-fired power generation, describing it as “reliable and predictable.”
Czech state to loan 200 tons of oil to Orlen Unipetrol refiner
It is the second time this year the Czech state has loaned oil to the country's key refiner.
Germany reports record quarter for LNG imports
German LNG terminals imported a record high of LNG in the third quarter of 2025.
Eni and YPF sign deal, move closer to FID on Argentina LNG project
Italian energy giant Eni and Argentina’s state-run firm YPF inked a preliminary agreement to take a positive final investment decision on the Argentina LNG project.
Venture Global loses arbitration case to BP
Defeat comes two months after Venture Global was victorious in a similar case against Shell.
Serbia’s NIS pumps run smoothly despite US sanctions
Petrol stations operated by the Oil Industry of Serbia (NIS) are functioning normally, with no queues or shortages reported, after US sanctions came into effect against the Gazprom-controlled company.
Moscow vows to back Serbia after US sanctions hit NIS
Russia condemned US sanctions on Serbia’s oil company NIS as politically motivated and pledged continued support for Belgrade, amid concerns over the Balkan state’s energy supplies.
Hungary to boost oil deliveries to Serbia after US sanctions NIS
Hungary’s MOL will step up deliveries of crude oil and fuel to Serbia after US sanctions hit the Balkan country’s sole oil company NIS.
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