EurOil - Europe Oil & Gas

Slovak PM Fico delays approval of EU’s sanctions package again, blaming Slovak opposition

Slovak populist Prime Minister Robert Fico has again delayed approval of the latest 18th round of EU sanctions against Russia, blaming his latest blocking on the opposition parties in Slovakia.

KazMunayGaz and Hungary’s MOL agree oil volumes, but pricing talks delay shipments

Kazakhstan’s state oil company KazMunayGaz and Hungary’s MOL Group have agreed on the volume of Kazakh crude oil to be delivered to Budapest via pipeline, though pricing negotiations are still ongoing, Upstream reported on July 14.

NIS sanctions talks drag on as Serbia caught between US and Russia

Serbia is in talks with the United States to secure a fifth waiver from sanctions targeting its sole oil company NIS, but negotiations are proving difficult.

Slovak PM Fico expects deal with EU over sanctions against Russia on July 15, and threatens to continue blocking sanctions if none made.

Slovak populist Prime Minister Robert Fico expects an agreement between the European Union and Slovakia could be reached on Tuesday, July 15, over Slovakia lifting its veto of the EU’s 18th round of sanctions against Russia.

Slovakia seeks EU guarantees on Russian gas phase-out ahead of sanctions deal

Slovakia is pushing for firm guarantees from the European Commission and key EU member states over the future of its energy security, as it links this condition to its support for a fresh round of sanctions on Russian gas imports.

Slovenia’s Petrol under fire for gas station closures amid blackmail accusations

Four smaller gas stations run by Slovenian fuel retailer Petrol remain closed, with the company’s management staying silent about future plans.

EU mulls further cut in Russian oil price cap

The EU is considering a proposal to reduce the price cap on Russian oil from the current $60 per barrel and to introduce a mechanism for reviewing the cap every three months based on market trends.

SEFE secures further LNG supplies from Abu Dhabi, US

SEFE has bolstered its LNG supplies with new deals with ADNOC Gas and Venture Global

Poland targets 5bn cubic metres in annual biogas output by 2035, says BGK

The report noted that the EU’s REPowerEU initiative aims to replace part of the bloc’s Russian gas imports with biomethane. While Poland currently operates only one biomethane facility, 30 additional plants are under development.

PM Fico insists on blocking EU sanctions against Russia unless Slovakia obtains energy guarantees

Biogas, biomethane can meet 8% of Turkey’s gas needs, experts say

Biogas and biomethane derived from organic waste could meet approximately 8% of Turkey’s annual natural gas demand, according to experts.

MOL eyes Ukrainian pipeline to cut Russian oil dependence ahead of EU ban

Hungarian energy group MOL is seeking access to Ukraine’s Odessa-Brody pipeline in a bid to reduce Hungary’s reliance on Russian crude before the EU’s planned import ban comes into force in 2027.

Bulgaria probes Botas gas deal

Bulgaria’s anti-corruption body raided offices of the energy ministry and the gas companies Bulgargaz and Bulgartransgaz in an investigation of a contract with Turkish state-owned gas operator Botas.

BALKAN BLOG: Can Croatia become a European energy and transport hub?

Croatia has ambitions to become a gateway for energy and trade in Europe, but questions remain about how far this can be achieved in a competitive field.

North Macedonia launches construction of €60mn gas interconnector project with Greece

North Macedonia marked a significant milestone in its energy infrastructure on July 9 with the official launch of construction works for the long-awaited gas interconnector with Greece, a project valued at approximately €60mn.

Serbia's NIS adds Gazprom Neft executives to board

Serbian oil and gas producer NIS has appointed two executives from Gazprom Neft to its board of directors.

Kuwait Petroleum International opens Europe's largest service stations in Luxembourg

Kuwait Petroleum International announced the start of operations at its two new service stations, Berchem East and West, located on the motorway in Luxembourg, on July 8. These stations are recognised as the largest and most prominent in Europe.

Azerbaijan, Slovenia discuss gas supply expansion and green energy cooperation

According to a press release by Azerbaijan's Energy Ministry, both sides expressed satisfaction with the development of bilateral relations, which will mark their 30th anniversary in 2026.

Just 111 of the world’s biggest companies are causing $28 trillion worth of climate damage, says study

Just 111 of the world’s largest fossil fuel companies are collectively responsible for an estimated $28 trillion in climate-related economic damage, and just ten of those companies are responsible for half of that total.

Albania issues arrest warrants in tax, money laundering probe targeting Bankers Petroleum

Chinese-owned Bankers is the developer of Albania's Patos-Marinza oil field, one of the biggest onshore oil fields in Europe.

TotalEnergies confirms sale of North Sea assets to Prax still pending

France’s TotalEnergies has confirmed that its previously agreed sale of West of Shetland offshore assets to Prax Group has not been completed.

Ascent wins long-running dispute with Slovenian joint venture partner

London-listed Ascent Resources has secured a favourable arbitration ruling in its long-running dispute with Geoenergo.

UKOG sheds oil and gas assets in pivot to clean hydrogen

London-listed UK Oil & Gas has agreed to sell its wholly-owned subsidiary UKOG GB to Servatec Holdings for £400,000 in cash ($545,000).

Ithaca wraps up $193mn takeover of JAPEX's UK operations

The deal increases Ithaca’s stake in the key Seagull field operated by BP.

MET Group acquires German gas storage operator KGE

Swiss-based energy company MET Group has acquired 100% of Kommunale Gasspeichergesellschaft Epe (KGE), a gas storage operator located in North Rhine-Westphalia.