EurOil - Europe Oil & Gas

Kazakhstan court upholds $5bn environmental fine against Kashagan consortium

An Astana court has reportedly upheld a KZT 2.356 trillion ($5bn) environmental fine against the consortium developing Kazakhstan’s Kashagan oil field.

Serbia’s NIS gets new US licence, ownership talks with MOL continue

Serbia’s oil company NIS has received a new sanctions waiver from the United States, allowing it to continue operations until June 16, 2026.

Edison warns that QatarEnergy may extend force majeure past mid-June

Italian energy firm Edison is cautioning that QatarEnergy may need to prolong its force majeure on gas deliveries beyond its earlier set timeline of mid-June.

Czech Republic sharply cuts Russian oil imports

The Czech Republic has sharply reduced its reliance on Russian crude, with imports from Azerbaijan emerging as the dominant supply source last year.

Energy-hungry Europe considers buying Canadian LNG shipped via the Panama Canal

European LNG buyers were already exploring options to buy LNG from Canada amid the US’s tariff threats, but the Middle East conflict has turbocharged the pursuit.

Bosnia’s Republika Srpska signs $560mn gas pipeline deal, work to start in June

Republika Srpska has signed a contract for the design and construction of the Šepak-Novi Grad main gas pipeline.

Russian sabotage operations in Europe almost quadrupled in 2024, IISS says

Russian sabotage operations in Europe almost quadrupled from 2023 to 2024 according to IISS research, with submarine cables, legacy IT systems and underinvestment in critical infrastructure identified as key vulnerabilities.

Istanbul-listed Aygaz to acquire two more LPG vessels from Korea’s Hyundai Samho for $234mn

Turkey’s Aygaz (AYGAZ) has signed a shipbuilding contract with South Korea’s HD Hyundai Samho for the construction of two liquefied petroleum gas (LPG) transportation vessels, Aygaz said on April 15.

Ankara proposes grand rewiring of Middle East energy export map amid Hormuz blockade

Turkey wants to see a slew of Gulf and other pipelines converge on its territory to ensure the world will never again be cut off from sufficient oil and gas.

Capped fuel prices to remain after new govt takes office, Magyar says after meeting with MOL management

MFA Blanár says Slovakia is ready to block EU’s 20th sanctions package if Druzhba oil flow is not renewed

Slovak Minister of Foreign Affairs Juraj Blanár said that his country is ready to block the EU’s 20th round of sanctions against Russia if the oil flow from the Russian Druzhba pipeline is not renewed.

Bosnia selects US investor for Croatia gas link project

Bosnia and Herzegovina has chosen US investor AAFS Infrastructure and Energy LLC to lead a long-delayed gas pipeline project with Croatia.

Survey finds three in four Turks fear war will hurt economy, high anxiety over oil price

A public opinion survey commissioned by Turkey’s ruling Justice and Development Party (AKP) in March found widespread concern among Turks about the potential economic consequences of the conflict in the Middle East.

US OFAC reportedly allows Romania to restart Lukoil’s Petrotel refinery

Romania will be able to restart operations at the Petrotel refinery owned by Russia’s Lukoil within 45 days, after receiving a sanctions waiver from the US Government, Energy Minister Bogdan Ivan announced.

Azerbaijan replaces Russia as Czechia’s largest oil importer in 2025

Azerbaijan has replaced Russia as the largest oil importer in Czechia after it accounted for 42% of all oil imports to the country in 2025.

US extends waiver for Lukoil’s Bulgarian operations to October 29

The United States has granted Bulgaria a six-month extension of a sanctions waiver allowing operations of Russia’s Lukoil in the country, easing concerns over potential fuel shortages ahead of a looming deadline.

Polish energy giant Orlen slashes petrochemical project costs, targets 2030 commissioning

Poland’s largest energy company Orlen has approved a revised budget of PLN35.8bn (€8.4bn) for its New Chemicals (Nowa Chemia) project, cutting costs by PLN16bn (€3.8bn) in a move it stressed would ensure the project’s profitability.

Kazakhstan's oil output reaches 19.7mn tonnes in 1Q, says report

Kazakhstan reportedly produced 19.7mn tonnes of oil and gas condensate in the first quarter of 2026.

Britain's summer gas supply secure despite Hormuz crisis

Britain is expected to have sufficient gas supply this summer despite Middle East disruption, but structural risks tied to declining domestic output remain.

Petrofac offloads North Sea asset solution business to US' CB&I

UK oilfield services provider Petrofac has completed the sale of its North Sea-focused Asset Solutions business to US-based Chicago Bridge & Iron Company.

Bulgarian TSO launches first LNG procurement tender

The company plans to purchase around 1.5mn MWh of LNG covering the remainder of the current gas year and the next.

Shell, BP predict strong Q1 earnings bump on Hormuz crisis

European majors Shell and BP expect a sharp boost to first-quarter earnings, driven by exceptional trading performance and stronger refining margins following disruption to global energy flows through the Strait of Hormuz.

Norway flags up "diamond in the rough" undeveloped gas field

The regulator warned that time is running out to bring the field into production.

Perenco snaps up UK North Sea assets from CalEnergy Resources

North Sea-focused Perenco announced on April 8 it had completed the acquisition of Saturn Banks assets in the UK Southern North Sea after receiving change-of-control approval from the North Sea Transition Authority

Turkey enlists TotalEnergies to help in Black Sea gas hunt

France’s TotalEnergies has signed a memorandum of understanding with Turkey’s state-owned TPAO to cooperate on oil and gas exploration.