EurOil - Europe Oil & Gas

Romania unable to restart Lukoil refinery without formal OFAC authorisation

Germany’s Uniper Inks Preliminary Deal to Buy LNG from Canada’s Ksi Lisims

Germany's state-owned energy company Uniper has agreed to a preliminary deal to purchase LNG from Canada’s Ksi Lisims project.

Record Orlen payout guarantees Polish state budget dividend windfall

Poland’s state coffers are guaranteed to receive a larger financial boost than originally anticipated this year, after shareholders at the country’s top state-controlled firms approved record-breaking payouts.

Serbia says will not hinder NIS sale as Gazprom-MOL talks progress

Serbia will not obstruct the planned sale of Russia’s majority stake in oil firm NIS, as negotiations between Gazprom and Hungary’s MOL enter a critical final phase under a US-imposed deadline.

Japan's K Line orders LNG-fuelled car carriers for Europe

K Line said using LNG as fuel was expected to reduce carbon dioxide emissions by 25-30% and cut sulphur oxide emissions by almost 100% compared with conventional heavy fuel oil.

Norway's Noble secures BP drilling contract for UK campaign

Offshore drilling contractor Noble announced on June 9 it had secured a three-well contract with BP for the Noble GreatWhite harsh-environment semi-submersible rig, which has been renamed Noble Claus Bachmann.

France’s Viridien, Norway’s Aker BP deepen seismic partnership

French geophysical services company Viridien has signed a strategic partnership agreement with Aker BP to expand cooperation on ocean bottom node seismic data acquisition, imaging and technology development on the Norwegian Continental Shelf.

Norway's Hammerfest LNG halts for planned maintenance

SOCAR: What needs to happen to ship more gas to Europe

Azerbaijan is willing to supply more natural gas to Europe, but any further expansion of the Southern Gas Corridor will require long-term buyer commitments, financing and greater regulatory predictability.

Azerbaijan's big gas push

Azerbaijan used Baku Energy Week to push new gas exports, upstream investment, and a larger US role in its energy sector.

Sonardyne, AMOG sign memo on monitoring offshore energy infrastructure

The UK’s Sonardyne and Australia’s AMOG have signed a memorandum of understanding to jointly provide subsea asset monitoring services for offshore energy infrastructure.

UK's Centrica signs long-term gas deal with Canadian producer Peyto

The deal covers roughly 0.5 bcm per year of gas supply.

EnergyPathways draws down second financing tranche for UK gas storage project

EnergyPathways has drawn down a second £1mn tranche under its £15mn financing agreement to advance development of its Marram Energy Storage Hub project in the UK North Sea.

UK's Union Jack Oil secures $1.3mn loan facility

Union Jack Oil has secured a £1mn loan facility from Egdon Resources to strengthen working capital and support general corporate activities.

Shell offers to exchange up to $6.4bn in outstanding notes

The exchange offers cover six series of notes issued by Shell Finance US and guaranteed by Shell, with maturities ranging from 2028 to 2051.

Azerbaijan tops BP's payments to governments in 2025

BP paid almost $10bn to the government of Azerbaijan – its biggest fiscal contribution compared with any other government.

Russian court claims Gazprom's nationalised German unit cannot continue arbitration in Switzerland

A Russian court has barred German firm SEFE Marketing & Trading from continuing arbitration proceedings against Russian gas supplier Gazprom in Switzerland.

Norwegian oil workers call off strike

Norwegian oil companies and labour unions have reached a wage agreement, averting strike action that could have disrupted oil and gas production at a time of heightened global supply concerns.

Aker BP raises stake slightly in Norway's Johan Sverdrup field

Aker BP has slightly increased its stake in the Johan Sverdrup oil field after a review of ownership shares among the field’s partners.

Geopolitical crises are the new norm for energy markets

Geopolitical disruptions are becoming a permanent feature of global energy markets rather than isolated crises.

OPEC+'s symbolic quota raise

OPEC+’s latest decision to raise oil production quotas is unlikely to have much immediate impact on global supply.

Russia's Gazprom extends gas supply deals with Serbia and Bosnia's Serb Republic

Russia’s Gazprom has agreed to extend gas supply contracts with Serbia and Bosnia’s Serb Republic, the company said last week following talks at the St Petersburg International Economic Forum.

MOL gets US extension for talks over acquiring stakes in NIS

Hungary's MOL granted a few more days to acquire a controlling stake in Serbia's NIS as three-party talks with Serbia and NIS' Russian owners are advancing to the final stages.

Bulgaria curbs powers of manager overseeing Lukoil assets

Parliament has approved legal amendments to limit the powers of a state-appointed manager overseeing local assets of Russian oil group Lukoil, introducing judicial oversight and stricter state control.

Legislature told gas pipeline linking Turkey and northern Cyprus to go operational in 2028

A natural gas pipeline that will link Turkey and northern Cyprus will go operational in 2028, the northern territory’s ‘public works minister’ Erhan Arikli reportedly told the Turkish Cypriot legislature earlier this week.