EurOil - Europe Oil & Gas

African LNG projects emerging as critical solution to Europe’s energy needs

Amid current global geopolitical shocks with escalating tensions in the Middle East, European buyers are seeking alternative gas supplies, which could bring much-needed energy security to Europe.

Slovak refiner Slovnaft looks for new oil delivery routes as Iran war continues

Slovak Hungarian MOL owned oil refiner Slovnaft is looking for new alternate oil delivery routes as the war in Iran shows little sign of ending soon.

Kazakh oil export headache worsens as Ukraine targets drone attacks at Russian Baltic ports

Already facing difficulties with Black Sea shipments, Kazakhstan now has a problem with northern route.

Czech PM Babiš calls on fuel distributors to lower diesel prices

Czech Prime Minister and billionaire leader of the populist Ano party Andrej Babiš called on major fuel distributors to lower diesel prices and on the country’s anti-trust office (ÚOHS) to intervene against excessive pricing.

Romania introduces soft measures to curb fuel price surge under crisis regime

The Romanian government, on March 26, adopted an emergency ordinance declaring a state of crisis in the fuel market, introducing a set of relatively soft regulatory measures aimed at limiting price increases while preserving market functioning.

Turkish-owned tanker hit by drone in Black Sea attack

The Altura, a Turkish-owned crude oil tanker, was struck by a drone 15 nautical miles (28 kilometres) off Istanbul’s Bosporus strait while carrying crude oil picked up in Russa, NTV reported on March 26.

Dutch gas reserves slump to lowest level since 2018

The Netherlands’ gas in storage has dropped to its lowest level in eight years, as Europe continues withdrawing stockpiles despite warmer weather.

Russia reportedly considers potential sanctions on CPC pipeline

Russia’s oil and gas sector is said to have discussed the possibility of imposing sanctions on the Caspian Pipeline Consortium (CPC).

EC calls Slovak double pricing of diesel fuel discriminatory

The European Commission criticized the double pricing of diesel fuel in Slovakia as discriminatory and as contradicting the EU legislation.

Turkey says Hormuz crisis adds urgency to consideration of “new energy architecture” for Iraqi, Qatari and Turkmen oil and gas exports

Looking to the future of oil and gas shipment routes beyond the current conflict in the Middle East, Turkey is with new urgency already assessing the potential of a "new energy architecture" in the region that would create new pipeline options.

Fitch revises outlook on largest Turkish refiner Tupras to positive

Fitch on March 25 in a rating action commentary revised the Outlook on Turkey’s largest refiner Tupras to Positive from Stable while affirming its Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BB-'.

Hungary fast-tracks Serbia oil pipeline to curb supply risks

Hungary has granted priority status to a planned oil pipeline to Serbia, accelerating approvals and construction in a bid to strengthen energy security and reduce reliance on existing supply routes.

Energean files for continued exploration at offshore Greek block

Greek oil and gas firm Energean and its partners ExxonMobil and HELLENiQ Energy have moved to advance gas exploration offshore Greece, submitting notice to proceed with the second phase of work at Block 2.

UK's Klesch Group acquires BP's oil refinery in Germany

London-based Klesch Group has agreed to acquire BP’s Gelsenkirchen oil refinery business in Germany, expanding its refining footprint in Europe as the UK major continues to streamline its portfolio and cut costs.

UK North Sea oil industry urges greater domestic investment

The UK will need significant volumes of oil and gas for decades despite the expansion of renewables.

Equinor-Shell North Sea JV secures $3bn lending facility

Adura, the UK North Sea joint venture between Shell and Equinor, has secured a $3bn reserve-based lending facility as it looks to underpin growth.

EnQuest eyes further Southeast Asian expansion

London-based EnQuest is stepping up its expansion in Southeast Asia as it looks to build a larger gas-focused business in the region.

Losers and winners from the Qatari LNG disruption

While European and Asian importers have been hit hard by the disruption in Qatari LNG to varying degrees, the crisis has both short- and long-term benefits for US exporters and other LNG competitors.

Turkish energy minister denies Iran has halted gas deliveries to Turkey

Turkey’s Energy and Natural Resources Minister Alparslan Bayraktar has denied that natural gas flows from Iran to Turkey have been halted.

Romania delays and revises fuel price regulation plans

Iranians freeze gas supplies to Turkey following Israeli strike on South Pars

Ankara yet to comment on whether it could face significant gas shortages.

Kazakhstan cancels contract with Shell and Eni

State takes charge of building processing facility at Karachaganak field.

MOL gets US approval to extend talks to buy Russian stake in NIS

MOL is in discussions with Gazprom Neft over acquiring a controlling stake in NIS, as US sanctions imposed in 2025 require the exit of Russian capital from the Serbian company.

Slovenia’s Petrol blames fuel shortages on surge in demand, rejects misconduct claims

Romania to cap fuel markups, restrict exports under six-month crisis regime

Romania plans to introduce a six-month crisis regime in the fuel sector that would cap price markups and restrict exports, "to avoid inappropriate behaviour" of companies. The draft also allows for a temporary reduction in the biofuel content.