EurOil - Europe Oil & Gas

Norway's DNO quits plans to buy UK's Genel Energy

Norwegian oil and gas producer DNO (OSE:DNO) has abandoned its attempt to acquire Genel Energy (LSE:GENL), a month after making an indicative offer valuing the London-listed producer at around £202mn ($274mn).

Europe struggles with a diesel squeeze

Europe’s latest oil squeeze is increasingly a refining problem, with diesel margins at record highs even though crude supplies remain available.

NOGAT advances direct Norway-Netherlands gas link

Dutch North Sea pipeline operator NOGAT has launched pre-FEED work on a proposed direct gas connection between Norway and the Netherlands, targeting more than 4 bcm per year of capacity from 2029.

McDermott wins up to $750mn subsea contract for Cypriot gas project

McDermott has won a subsea contract worth between $500 and $750mn from Eni Cyprus for development of the Cronos gas field offshore Cyprus.

Baker Hughes wins BP North Sea stimulation contract

Baker Hughes has secured a contract from BP to provide offshore stimulation services across the company’s UK North Sea portfolio.

Montenegro cuts excise duties on petrol and diesel for one week

Finland’s MacGregor wins RoRo equipment order for TT-Line LNG ferries

Finland’s MacGregor has secured contracts from China Merchants Jinling Shipyard to supply RoRo equipment for two new battery-hybrid LNG ferries being built for Germany’s TT-Line.

Poland’s ORLEN, Port of Gdynia study LNG and bio-LNG bunkering

Poland’s ORLEN and the Port of Gdynia Authority have signed an agreement to assess the development of LNG and bio-LNG bunkering services at the Polish port.

Shell fixes Q2 dividend at $2.2bn

Shell has set the sterling and euro equivalents for its second-quarter 2026 interim dividend of $0.3906 per ordinary share, or around $2.2bn in total.

Eni sees Venezuela expansion improving prospects for $2.3bn debt recovery

Italian energy major Eni's new agreement to operate Venezuela's giant Junin 5 heavy oilfield could improve its prospects of recovering $2.3bn in outstanding receivables from state-owned PDVSA.

UK nears approval of Jackdaw gas field

The UK government is expected to approve production from the Jackdaw gas field in the North Sea on September 15, potentially allowing the long-delayed development to start supplying gas this winter.

Norway’s Shearwater wins North Sea OBN survey for electric ROV debut

Marine geoscience firm Shearwater Geoservices has secured a seven-week ocean bottom node survey in the North Sea, marking the first commercial deployment of its newly installed electric remotely operated vehicles.

Norwegian chemicals firm Yara launches Europe's biggest carbon capture project

Norwegian chemicals firm Yara International has inaugurated what it describes as Europe’s largest industrial carbon capture facility at its Sluiskil ammonia and fertiliser complex in the Netherlands.

Italy’s Saipem wins contract linked to Turkey’s Sakarya gas field

Italian energy services firm Saipem has secured a contract from GOE Petrol Sanayi to provide commissioning services for the Osman Gazi floating production unit.

US overtakes Russia to become Turkey’s leading crude oil supplier

The United States has emerged as Turkey’s leading crude oil supplier, with imports from the US showing a sharp increase in the first half of 2026.

Transgaz signs agreement to extend Vertical Corridor to Western Balkans

Romania’s gas transmission system operator Transgaz (BVB: TGN) announced that it has signed a memorandum of understanding to extend the Vertical Gas Corridor to the Western Balkans.

Poland’s Orlen CEO says GAP deal can close soon despite LyondellBasell arbitration proceedings

Poland's biggest energy group Orlen's CEO said on September 3 he was optimistic about closing the acquisition of chemical firm GA Polyolefins (GAP) despite an ongoing legal dispute with its joint venture partner LyondellBasell (LYB).

Norway’s Equinor receives first US LNG cargo from Cheniere

Equinor has received its firs LNG cargo from the US Gulf Coast with a delivery made from Cheniere Energy’s Sabine Pass facility.

Fuel prices in Turkey break fresh records over unending Iran War

Sharp hikes reflect combination of global oil market turbulence and persistent domestic currency pressures.

Greenpeace protests offshore oil and gas exploration in Bulgaria's Black Sea

Greenpeace activists staged a protest in Bulgaria's Black Sea against plans for new offshore oil and gas exploration, unfurling a giant banner reading "GAS IS A SCAM" from kayaks off the coast of Burgas.

Turkmenistan expands Caspian gas development with Petronas, XRG

Booming jet fuel prices not yet reflected in airline ticket prices, says chairman of Turkey’s Pegasus

Iran War and soaring refining margins taking heavy toll on regional aviation.

Kazakhstan oil production rises in August as CPC exports stabilise

Kazakhstan’s crude oil and gas condensate production reportedly rose to 8.47mn tonnes in August, equivalent to about 2.06mn barrels per day (bpd), up from from 7.6mn tonnes, or 1.85mn bpd, in July.

Kazakhstan targets 40mn tonnes of annual oil refining capacity by 2040

Kazakhstan plans to more than double its oil refining capacity to 40mn tonnes a year by 2040 as the government seeks to increase domestic crude processing, expand petroleum product output and develop higher value-added products.

JT Grup Oil completes €30mn oil terminal at Constanța Port

Romanian fuel distributor JT Grup Oil has completed a €30mn oil terminal at the Port of Constanța and is preparing to begin operations. The facility comprises eight tanks with a combined storage capacity of 31,500 tonnes.