EurOil - Europe Oil & Gas

Hungarian MOL and its Slovak subsidiary complain to EU over Janaf’s refusal to transport Russian oil

Hungarian oil giant MOL and its subsidiary, Slovak key refinery Slovnaft, filed a complaint with the European Commission’s Directorate General for Competition over the monopoly position of Croatia’s oil transporter Janaf.

Subsea7 awarded Turkish Petroleum Offshore Technology Center order relating to development of Black Sea gas field Sakarya

Subsea7 on March 4 announced the award of a large variation order by Turkish Petroleum Offshore Technology Center (TP-OTC) relating to the Sakarya field development in the Black Sea, offshore Turkey.

Daily output at Kazakhstan's Tengiz drops by 30% at beginning of March

Production at Kazakhstan’s Tengiz oilfield, the country’s largest, dropped sharply in early March, falling roughly 30% below February’s average, Reuters reported on February 3, citing two industry sources.

Renewal of Druzhba oil flow to Hungary and Slovakia remains unclear

The renewal of the Russian Druzhba oil flow to Hungary and Slovakia remains unclear amid discussions between the EU, Ukraine and the two EU member states.

Iraq reportedly suspends piped oil shipments to Turkish Mediterranean export hub Ceyhan

Iraq has reportedly suspended all crude oil exports piped to the Turkish Mediterranean port of Ceyhan from its semi-autonomous Kurdistan region amid consequences of the conflict in the Middle East.

BOTAS sees no risk to Turkey’s gas supply security posed by Middle East conflict

Turkey’s state-owned oil and gas pipeline operator and energy trader BOTAS has said all necessary measures are in place to guarantee uninterrupted and secure supplies of natural gas across the country.

EU biomethane output remains far short of 2030 target

Biomethane injections into EU gas grids rose 12% in the latest gas year, but remain far below the bloc’s 2030 ambitions.

Equinor quick tie-up of new oil find near Snorre field

Equinor has made a commercial oil discovery near the Snorre field in the Norwegian North Sea that it plans to fast-track through existing infrastructure, as Norway seeks to sustain output from its mature continental shelf.

Shell, Greece's METLEN sign LNG memo

Shell and Greece’s METLEN have signed a memorandum of understanding to cooperate on the supply and trading of LNG between 2027 and 2031.

ING warns Turkey most exposed in CEE to energy price shocks linked to Middle East conflict

Turkey stands out as the most vulnerable economy in Central and Eastern Europe (CEE) to the fallout from rising energy prices linked to the Middle East conflict, according to an ING report.

Hormuz blockade threatens 2022 energy crisis redux for Europe

Hormuz crisis offers Moscow short-term gains, but long-term losses if regime falls

A prolonged closure of the Strait of Hormuz could deliver short-term fiscal relief to Moscow through higher oil and gas prices, but regime change in Tehran would risk stripping Russia of one of its most important strategic allies.

Kazakhstan’s oil output surges by 43% in February

Kazakhstan’s output of oil and gas condensate reportedly surged by around 43% in February from the previous month as production at the giant Tengiz field continued to recover from a major outage.

Norway's Equinor plans to sell some assets in Angola as it continues asset trimming drive

Norwegian oil and gas group, Equinor is considering selling some of its oil fields in Angola, two years after it exited Azerbaijan and Nigeria.

Hormuz crisis puts one-fifth of global LNG supply at risk

Escalating US-Iran tensions have halted LNG production in Qatar and threatened shipping through the Strait of Hormuz, exposing Europe, Asia and emerging importers to sharp price spikes and renewed energy security risks.

Kazakhstan’s Tengiz oil field production nearly back to full capacity, Energy Min says

Czech Ministry of Finance ejects head of state oil pipeline operator Mero

The Czech Ministry of Finance abruptly ejected a seasoned head of the state oil pipeline Mero Jaroslav Pantůček, Czech Radio and other media in the country reported.

Croatia’s Janaf rejects ‘ultimatums’ from Hungary’s MOL over Russian oil shipments

Lukoil unit threatens arbitration over Bulgaria asset controls

A Swiss subsidiary of Russian oil major Lukoil has accused Bulgaria of illegal expropriation and threatened international arbitration after authorities imposed special management on its local operations.

Croatia’s Janaf rejects ‘ultimatums’ from Hungary’s MOL over Russian oil shipments

Hungary, Slovakia's oil dispute with Ukraine deepens

Hungary and Slovakia remain embroiled in a deepening dispute with Ukraine and within the EU after Russian oil shipments through the key Druzhba pipeline were halted on January 27.

MOL gives ultimatum to Janaf and warns of legal steps in Russian oil dispute

MOL Group claims EU sanctions rules allow Russian oil shipments if the Druzhba pipeline cannot operate for reasons beyond the country’s control.

Viktor Orban calls on Zelenskiy to immediately reopen the Druzhba pipeline

Turkish Petroleum sells $1bn debut five-year sukuk at 6.30% coupon

Turkish Petroleum has sold a $1bn debut sukuk eurobond (XS3304298287) due 2031 at a coupon rate and yield-to-investor of 6.30% (priced at 100), IFR reported on February 25.

US extends Lukoil asset sale deadline

The US Treasury Department has extended to April 1 the deadline for the sale of Russian oil giant Lukoil’s foreign assets, including major holdings in Bulgaria, Romania and Serbia.