EurOil - Europe Oil & Gas

Croatia ready to supply Hungary and Slovakia with oil via Adriatic pipeline

EU's General Court rules that gas, nuclear investments can be sustainable

Austria, backed by Luxembourg, argued that including gas and nuclear in the EU’s green taxonomy amounted to greenwashing and undermined efforts to direct finance towards renewables.

Chevron, Hellenic file joint bid for Greek oil and gas projects

The tender, launched earlier this year, covers deep-water acreage where geological structures resemble those that yielded major discoveries off Egypt and Cyprus.

Italy's Edison to favour more LNG over pipeline gas imports

CEO Nicola Monti told Reuters at the Gastech conference in Milan last week that the company planned to scale back volumes from two long-term pipeline agreements.

IEA warns that output at existing oil and gas fields is falling faster than expected

Analysis of thousands of reservoirs shows that many of the largest conventional fields have already peaked, while unconventional sources such as shale need constant drilling to maintain production.

European Commission pushes for faster phase-out of Russian energy

The proposal reflects mounting pressure from the US and growing domestic concern over energy security as Russia’s war in Ukraine continues.

Fuel prices in Kyrgyzstan rocket as Ukraine steps up drone strikes on Russian refineries

Central Asian country relies on Russia for nine-tenths of its fuel.

Turkey announces research mission in contested Aegean waters, sparks immediate response from Greece

Turkey has sparked an immediate Greek response with the announcement of a 10-day research mission in a contested zone of the Aegean with the vessel Piri Reis, Greek publication tovima.com reported on September 15.

Hungary spends €1.25bn on household energy subsidies in H1

SOCAR reportedly acquires major Italian fuel supplier

Azerbaijan’s state oil company SOCAR has agreed to buy Italiana Petroli (IP), securing control of one of Italy’s largest fuel filling station networks in a move that strengthens its position in the Mediterranean fuel market.

France, Germany push for sanctions on Russian oil firm Lukoil

France and Germany are leading a push to include Russian oil giant Lukoil and its Swiss trading arm Litasco in the EU’s forthcoming 19th sanctions package, according to diplomatic sources quoted by AFP and other outlets this week.

JERA signs LNG exploration pact with Montenegro as local opposition looms

Montenegro has struck a fresh deal with Japan’s JERA to explore the development of an LNG terminal and gas-fired power plant - a project that could reshape the Adriatic country’s energy mix.

Germany once more extends trusteeship of Rosneft's oil assets

Germany has prolonged external administration of Rosneft’s local subsidiaries Rosneft Deutschland GmbH and RN Refining & Marketing GmbH for another six months.

EU payments for Russian gas slumped in July to lowest level since 1999

EU countries paid a combined €995mn ($1.2bn) for Russian natural gas in July, the smallest monthly outlay since 1999.

Budapest continues defending Russian energy imports

The geographic reality when it comes to Hungary is that we are a landlocked country with seven neighbours and the current energy infrastructure does not allow us to walk away entirely from Russian energy sources," Hungary's foreign minister said.

EU’s top court strikes down on state aid for Paks II NPP, casting doubt on future of the project

ExxonMobil expects EU to shift from LNG spot market to long-term deals

Bloc’s pledge to buy $750bn of US energy exports paves the way for multi-decade LNG deals to be signed.

Bulgartransgaz secures €102mn loan for Vertical Gas Corridor

Bulgarian state-owned gas transmission operator Bulgartransgaz has signed a long-term loan agreement worth €102.3mn with United Bulgarian Bank (UBB) to finance the Vertical Gas Corridor project.

MOL strikes new oil deposit near Budapest

MOL has oil and gas exploration and production assets in nine countries, with production in eight countries. In 2024, it produced an average of 93.8 thousand barrels of oil equivalent per day.

Turkey’s BOTAS inks series of LNG deals with major energy companies at Gastech conference in Milan

Turkey’s BOTAS has inked eight agreements with energy companies at the Gastech conference in Milan, with the deals providing it with access to around 6 bcm of additional LNG, Bloomberg has reported.

Italy’s Saipem wins $1.5bn contract to continue development of largest Turkish offshore gas field Sakarya

Saipem has secured a $1.5bn contract to continue the development of Turkey's largest offshore natural gas field, the Italian engineering group said on September 10.

Bulgaria backs Vertical Gas Corridor with €127mn state guarantees

Bulgaria will provide nearly BGN250mn in state guarantees to fund the Vertical Gas Corridor, a strategic project aimed at strengthening regional gas supply.

Hungary seals landmark long-term gas deal with Shell

Turkish companies announce LNG import deals

Turkish state energy company BOTAS and BP have signed a three year liquefied natural gas (LNG) purchase agreement.

UK North Sea at centre of political battle

The UK’s North Sea oil and gas sector has become a flashpoint in political debates over energy security and climate transition, with Labour seeking to curb new licences and the Conservatives pushing for expanded extraction.