EurOil - Europe Oil & Gas

TotalEnergies takes over control of Zeeland refinery

Newfoundland mayor pumps brakes on proposed LNG plant

The mayor of Fermeuse, Newfoundland is cautioning against getting too far ahead in proposed plans for a potential LNG facility in the tiny town on Canada’s east coast.

MOL partners with Repsol, TPAO in Libya

MOL has entered Libya through a partnership with Spain’s Repsol and Turkey’s TPAO, following the country’s first oil and gas licensing round since 200

Romania to place Lukoil’s local assets under extended state supervision

Romania’s Ministry of Energy has recommended placing the local entities owned by Russia’s Lukoil group under an extended state supervision regime, to protect national processing capacity and prevent disruptions on the fuel market.

Norway's Equinor targets growth opportunities overseas

The Norwegian state giant dominates domestic oil and gas production, but maturing of the country’s basins means that national output is projected to decline albeit relatively slowly over the coming decade.

Ambassador says Serbia and Russia may stick to short-term gas deals

Russian ambassador to Belgrade Aleksandar Bocan-Kharchenko says new long-term gas supply contract unlikely due to EU pressure, market instability and transit risks.

UK extends licence for Lukoil’s operations in Bulgaria

Britain has extended the validity of a general licence allowing transactions with the Bulgarian subsidiaries of Russia’s Lukoil until August 13.

Qatar’s North Field East: a measured albeit vague expansion the world is waiting for

NFE is the first leg of a broader plan to almost double Qatar’s LNG production capacity. Currently sitting at around 77mn tonnes per year, capacity is expected to grow to roughly 110mn tpy by as early as this year.

Brent set to fall 10% in 2026, analysts say

The average price of Brent crude oil is expected to fall by around 10% in 2026 to $62.1 per barrel, despite a recent rise in prices, as a persistent supply surplus continues to weigh on the global market.

US to ship first LNG to Ukraine via Poland this year

Ukraine has received its first shipment of US LNG this year, with around 100 mcm delivered via Poland’s Swinoujscie LNG terminal in partnership with Polish energy group Orlen.

UK considers selling seized Russian shadow tanker oil

The UK is examining whether it can sell oil held on board detained tankers linked to what it calls Russia’s “shadow fleet”, and use the proceeds to help cover the cost of holding the vessels.

Kazakhstan may see sharp drop in oil exports in February, says report

Kazakhstan reportedly may see a sharp drop in oil exports this month through its primary export corridor via Russia, with shipments potentially declining by up to 35%.

Serbia says ADNOC to take significant stake in NIS as Russian owners exit

ADNOC is expected to take a minority holding in a joint company with MOL that would become NIS’s majority owner.

Bosnia moves forward on US-backed gas link to Croatia

Amendments to clear the way for US companies to participate in building the Southern Interconnection pipeline.

Shell pauses investment in Kazakhstan amid majors’ multibillion dollar wrangle with government

Amid huge compensation demands, CEO says “it does impact our appetite to invest further”.

Bosnian Federation pushes Southern Interconnection gas link as deal with Croatia nears

Kazakhstan's exports of crude and gas condensate fall by 29.6% m/m in January

Kazakhstan's exports of crude oil and gas condensate in January reportedly fell to 3.8mn tonnes, equivalent to about 0.91mn barrels a day (bpd), from 5.4mn tonnes (1.3mn bpd) in December.

Turkey to build additional terminal at Hatay floating storage and regasification unit, double site’s capacity

Turkey plans to build an additional terminal at its floating storage and regasification unit (FSRU) in the southern province of Hatay and double its capacity, Energy Minister Alparslan Bayraktar has announced.

Equinor, Aker BP to drill high-temperature Linga prospect

A high-temperature offshore exploration well in Norway’s North Sea has received regulatory approval for drilling close to two existing discoveries, Busta and Norma.

Global LNG oversupply could save European industry $41bn annually by 2032: WoodMac

A surge in global LNG supply could deliver annual energy cost savings of around $41bn for Europe’s industrial sector by 2032, offering a potential boost to manufacturers hit by years of high prices and weak competitiveness.

Aker BP launches next Norwegian oil project

Norwegian oil player Aker BP has started oil production from the Solveig Phase 2 development in the Norwegian North Sea, marking another project delivered on schedule and within budget.

LNG buyers rethink portfolios as volatility becomes structural

LNG buyers are centralising procurement, expanding trading capability and rebalancing portfolios as price swings, geopolitics and supply growth reshape purchasing strategies, executives said at LNG2026.

LNG alliances move from contracts to co-creation

Partnerships across the LNG industry are becoming deeper, longer-term and more strategic as companies seek to share risk, secure financing and navigate geopolitical volatility, executives said at LNG2026.

Hungary challenges EU ban on Russian energy imports at European Court of Justice

TotalEnergies plans to take FID on Namibian oil find Venus this year

French oil supermajor, TotalEnergies aims to make final investment decision for its Venus discovery in Namibia this year, it said in a release on January 30.