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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US extends licence for Serbian oil firm NIS until March 20
OFAC has extended an operating licence for Serbia’s sanctioned oil company NIS until March 20, allowing it to continue supplying fuel while talks continue over a change in ownership.
Germany’s Uniper signs 10-year LNG supply deal with India
Germany’s state-owned energy firm Uniper has inked a 10-year LNG supply deal with Gujarat State Petroleum Corporation.
Slovak economy ministry: Ukraine postponed Druzhba oil flow renewal to February 21
The Slovak Ministry of Economy stated that Ukraine was supposed to have postponed the renewal of the Russian Druzhba oil flow to Saturday, February 21.
EU calls emergency meeting after Hungary and Slovakia halt diesel supplies to Ukraine amid Druzhba pipeline dispute
Both countries, heavily reliant on Russian crude transported through the Druzhba pipeline, accused Kyiv of deliberately delaying repairs for political reasons.
Turkey hits out at energy field activities of Greece and Chevron, says Libya entitled to object too
Turkey on February 19 objected to energy field activities being conducted by Greece and US major Chevron (CVX.N).
Tender for Serbia–Hungary oil pipeline extended to February 26
The project is intended to diversify crude import routes and improve supply security.
Slovakia declares oil emergency and cuts fuel supplies to Ukraine
The Slovak cabinet of populist Prime Minister Robert Fico has declared an oil emergency and the country’s key refinery, Hungarian MOL-owned Slovnaft cut fuel exports to Ukraine to keep its products only for the domestic market.
Hungary cuts fuel supply to Ukraine, accuses Kyiv of political blackmail by delaying resumption of crude deliveries
Hungary has accused Ukraine of trying to create an oil crisis by deliberately delaying the restart of Druzhba pipeline deliveries, a move Budapest claims is direct interference in Hungary's upcoming general election.
Turkey’s TPAO, Shell sign deal to explore in Bulgaria’s Black Sea zone
Turkish Petroleum Corporation (TPAO) has signed a partnership agreement with Shell to explore oil and natural gas deposits in Bulgaria’s exclusive economic zone in the Black Sea.
Chevron, HELLENiQ sign deal to hunt for gas offshore Greece
A consortium led by US oil major Chevron has signed exclusive lease agreements with Greece to explore for natural gas offshore southern Greece.
European Parliament approves 90% emissions cut target for 2040
The European Parliament last week approved amendments to the EU Climate Law that would require the bloc to cut greenhouse gas emissions by 90% by 2040 compared with 1990 levels.
Norway to see dip in oil, gas investment in 2026
Norwegian oil and gas investment is set to fall this year and next as a wave of major field developments reaches completion and fewer new projects enter the pipeline.
Eni eyes return to oil and gas trading
Italian energy group Eni is considering a return to oil and gas trading as it looks to capture the outsized profits earned by rivals BP, Shell and TotalEnergies amid heightened price volatility driven by geopolitical tensions.
Former UK PM Blair's thinktank urges changes in oil and gas policy
A new report from the Tony Blair Institute for Global Change calls for a reset of the UK;'s energy strategy, urging the government to rethink its oil and gas policies to improve affordability, security and economic competitiveness.
Kazakhstan to lift annual oil refining capacity to 40mn tonnes by 2033
Kazakhstan has brought forward plans to expand its oil refining industry. It aims to lift annual processing capacity to 40mn tonnes by 2033 — seven years ahead of the previous 2040 target.
Czech minister of industry offers Slovakia oil supplies via Druzhba pipeline
Slovakia's oil supplies via the Russian Druzhba have been disrupted since the end of January, following Russia’s military operations in the east of Ukraine.
Kazakhstan identifies more than 20 promising hydrocarbon sites in Aral Basin
More than 20 promising hydrocarbon sites in the Aral Basin in Kazakhstan have been identified by a state geological exploration programme, according to a reported briefing from Kanat Yerubaev, acting chairman of the Geology Committee.
MOL expands retail operations in Poland
MOL operated 459 filling stations in Poland at the end of 2025, making it one of the country’s leading fuel retail networks.
Slovak operator of state reserves reiterates oil supplies are not threatened by Druzhba disruption
Slovak state operator of material reserves SŠHR reiterated that oil supplies are not threatened by the latest Druzhba disruption.
Hungary’s MOL asks gov’t to release strategic crude reserves after delivery on Druzhba pipeline comes to a halt
MOL requested the release of 250,000 tonnes of strategic crude reserve if deliveries from the Druzhba pipeline do not resume in the coming days.
Croatia says ready to supply Hungary and Slovakia after Russian oil halted
Croatia is ready to help Hungary and Slovakia secure oil supplies after the disruption of Russian crude flows via Ukraine, Economy Minister Ante Šušnjar said.
Turkish Petroleum and BP look at potential joint projects in Iraq, Libya
National oil company Turkish Petroleum (TPAO) and British energy major BP have signed a memorandum of understanding on enhancing cooperation in oil and natural gas, including via a potential collaboration in Iraq.
Serbia’s NIS seeks new US sanctions waiver ahead of February 20 deadline
NIS has applied for a new US sanctions waiver to allow it to continue operating beyond February 20, when its current licence expires.
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