EurOil - Europe Oil & Gas

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.

Poland’s Orlen to update 2035 strategy in H1 2026, keeps PLN380bn investment target

Poland’s largest energy multi-utility Orlen is set to present an update to its 2035 strategy in the first half of 2026, CEO Ireneusz Fąfara announced on February 16, while upholding the group's massive investment pledge.

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.

Slovakia is ready to open oil reserves following Druzhba pipeline disruption

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.

Druzhba oil flow sees further disruptions

Oil flows to Slovakia through the pipeline effectively stopped in early February, after volumes had already fallen sharply in January.

How dangerous are Europe's low gas storage levels

Europe is heading into the final stretch of the 2025-26 winter with gas storage at unusually low levels and prices elevated, prompting warnings from Gazprom but also highlighting how weather, LNG flows and policy will shape market risks.

Serbia industrial turnover up 11% y/y despite oil sector disruption

Industrial turnover in Serbia rose 11.1% y/y in December 2025, driven by strong foreign demand and a surge in mining activity, even as uncertainty surrounding oil firm NIS weighed on the energy sector.

TotalEnergies takes over control of Zeeland refinery

Newfoundland mayor pumps brakes on proposed LNG plant

The mayor of Fermeuse, Newfoundland is cautioning against getting too far ahead in proposed plans for a potential LNG facility in the tiny town on Canada’s east coast.

MOL partners with Repsol, TPAO in Libya

MOL has entered Libya through a partnership with Spain’s Repsol and Turkey’s TPAO, following the country’s first oil and gas licensing round since 200

Romania to place Lukoil’s local assets under extended state supervision

Romania’s Ministry of Energy has recommended placing the local entities owned by Russia’s Lukoil group under an extended state supervision regime, to protect national processing capacity and prevent disruptions on the fuel market.

Norway's Equinor targets growth opportunities overseas

The Norwegian state giant dominates domestic oil and gas production, but maturing of the country’s basins means that national output is projected to decline albeit relatively slowly over the coming decade.

Ambassador says Serbia and Russia may stick to short-term gas deals

Russian ambassador to Belgrade Aleksandar Bocan-Kharchenko says new long-term gas supply contract unlikely due to EU pressure, market instability and transit risks.

UK extends licence for Lukoil’s operations in Bulgaria

Britain has extended the validity of a general licence allowing transactions with the Bulgarian subsidiaries of Russia’s Lukoil until August 13.

Qatar’s North Field East: a measured albeit vague expansion the world is waiting for

NFE is the first leg of a broader plan to almost double Qatar’s LNG production capacity. Currently sitting at around 77mn tonnes per year, capacity is expected to grow to roughly 110mn tpy by as early as this year.

Brent set to fall 10% in 2026, analysts say

The average price of Brent crude oil is expected to fall by around 10% in 2026 to $62.1 per barrel, despite a recent rise in prices, as a persistent supply surplus continues to weigh on the global market.

US to ship first LNG to Ukraine via Poland this year

Ukraine has received its first shipment of US LNG this year, with around 100 mcm delivered via Poland’s Swinoujscie LNG terminal in partnership with Polish energy group Orlen.

UK considers selling seized Russian shadow tanker oil

The UK is examining whether it can sell oil held on board detained tankers linked to what it calls Russia’s “shadow fleet”, and use the proceeds to help cover the cost of holding the vessels.

Kazakhstan may see sharp drop in oil exports in February, says report

Kazakhstan reportedly may see a sharp drop in oil exports this month through its primary export corridor via Russia, with shipments potentially declining by up to 35%.