Region: Europe Category: Oil and Gas Frequency: Every Thursday
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About: EurOil analyses key trends such as the influx of private equity into the North Sea and how it is shaping the basin's future. The monitor also provides key insight on major trends such as decommissioning and the development of frontier regions like West of Shetland. Midstream developments also take prominence, with deep analysis of the region's gas needs and how they will be met in the future.
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Norway's Reach Subsea lands subsea services deal for Mediterranean and Black Sea
Norway’s Reach Subsea said it has received a letter of intent for a multi-year contract covering inspection, maintenance and repair and light construction services in the Mediterranean and Black Sea.
Norway's Equinor awards Aker Solutions FEED for Atlantis North Sea project
Norway’s Equinor has awarded Aker Solutions a front-end engineering and design contract for modifications to the Kvitebjørn platform linked to the planned Atlantis subsea tie-back project in the North Sea.
Equinor launches Eirin gas field in Norwegian North Sea
The Eirin gas field in the North Sea off Norway had started production and is now exporting to Europe via the Gina Krog and Sleipner A platforms.
Norway starts mediation after talks between oil firms and labour unions break down
Wage negotiations between Norwegian oil companies and labour unions broke down on April 30, triggering state-led mediation and raising the prospect of strike action in western Europe’s largest oil and gas producing nation.
DNV to certify UK CO2 storage project
Norway-based DNV has been appointed independent certifier for the Northern Endurance Partnership CO2 transport and storage project in the UK, which underpins the East Coast Cluster carbon capture network.
Norway's Equinor posts higher-than-expected earnings in Q1
Equinor reported stronger-than-expected first-quarter earnings on May 6 as record production and higher oil and gas prices driven by the Iran war boosted results.
Chevron to hunt for hydrocarbons off Malta
Chevron has been awarded an exploration study licence by the Maltese government covering four offshore areas south of the Mediterranean island as the US major expands its regional exploration portfolio.
Poland's Orlen starts production at Eirin gas field in North Sea
Orlen Upstream Norway and operator Equinor have commenced production from the Eirin field in the North Sea, which is expected to deliver approximately 270mn cubic metres of gas per year to Orlen at peak output, the Polish company announced.
Serbia expects to finalise NIS deal with MOL by mid-May
Serbia expects to finalise talks around May 16 on the sale of a majority Russian-owned stake in oil company NIS to Hungary’s MOL Group.
OPEC+ core adjusts output as UAE finalises institutional withdrawal
The UAE has formally withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), deepening its strategic pivot away from multilateral energy frameworks
Serbia’s NIS returns to profit as oil prices offset sanctions hit
Serbia’s Russian-owned oil firm NIS returned to profit in the first quarter of 2026, as higher global oil prices and cheaper crude stocks offset the impact of US sanctions and weaker sales.
Czech PM Babiš says his country is interested in oil imports from Kazakhstan
Czech Prime Minister Andrej Babiš said his country is interested in long term imports of crude oil from Kazakhstan.
Albania, US firms sign $6bn LNG deal to boost Balkan energy security
Albania signed a 20-year agreement with AKTOR Group’s US subsidiary to import liquefied natural gas.
Europe buys the most Russian LNG in history, just as first bans on imports come into effect
Despite threatening to end Russian LNG imports completely next year, prompting the Kremlin to threaten to cut off gas exports to Europe before then, the EU just imported the most LNG in history as it slides into an expanding gas crisis.
Slovakia files lawsuit against EU’s ban on Russian fossil fuel imports
Slovakia has filed a lawsuit against the EU’s termination of imports of Russian gas and oil by autumn of 2027, Slovak press agency TASR reported.
Kazakhstan to reroute 260,000 tonnes of oil exports originally meant for Germany via Druzhba
Kazakhstan will reportedly redirect oil shipments originally destined for Germany via the Druzhba pipeline to alternative routes to "global markets" through Russian territory.
UAE withdraws from OPEC following years of frustration
The UAE will officially leave the OPEC alliance in May, driven by mounting frustrations over production quotas that constrained its expanded capacity.
Brazil diesel shipments diverted mid-voyage
At least two vessels carrying Russian diesel to Brazil have reversed direction in the Atlantic and are now sailing towards the Suez Canal, indicating sellers may be seeking higher-priced spot sales elsewhere.
Bosnia, Croatia sign gas pipeline deal despite civil society backlash
Southern Interconnection intended to boost energy security and reduce reliance on Russian gas, but civil society groups warn it risks locking the region into fossil fuel dependence.
Romania receives US clearance to restart Lukoil refinery operations
Romania has obtained authorisation from the US Treasury’s Office of Foreign Assets Control (OFAC) allowing the restart of operations at the Petrotel refinery owned by Russia’s Lukoil.
Kazakh hydrocarbon discovery reported at Kashagan’s Fatima formation
North Caspian Operating Company (NCOC) has identified promising hydrocarbon reserves at the Fatima suprasalt formation at Kazakhstan’s giant Kashagan oil field.
Kazakhstan to build 12 vessels to expand Caspian shipping capacity
Kazakhstan plans to build 12 new vessels by 2029 as part of efforts to strengthen its civil maritime fleet and expand its role in international shipping on the Caspian Sea.
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