EurOil - Europe Oil & Gas

Court rejects Greenpeace’s objection to environmental permit for Romania’s Neptun Deep offshore gas project

The Bucharest Court of Appeal on January 29 rejected the request filed by Greenpeace on the environmental permit for the Neptun Deep offshore gas project developed by state-owned Romgaz and OMV Petrom.

Seven bid for Lukoil’s Bulgarian refinery, PM Zhelyazkov says

Lukoil has been actively seeking to sell its Bulgarian assets since December 2023, when Sofia banned imports of Russian crude oil.

Kazakhstan plans to export 250,000 tonnes of oil from Kashagan via BTC in 2025

Kazakhstan’s state-owned energy company, KazMunayGaz, plans to export approximately 250,000 tonnes of crude oil from the giant Kashagan oilfield via the Baku-Tbilisi-Ceyhan (BTC) pipeline in 2025, the company announced on January 29.

OPEC+ to discuss Trump proposal on US oil output expansion

The OPEC+ alliance of major oil producers is set to deliberate on US President Donald Trump’s recent proposal to expand American oil output, Kazakh Energy Minister Almasadam Satkaliyev told a briefing on January 29.

Janaf seeks US approval to fulfill contract with sanctioned NIS

Croatian oil pipeline operator Janaf has formally requested approval from the US Office of Foreign Assets Control (OFAC) to continue fulfilling its existing contract with the Oil Industry of Serbia (NIS), which is subject to new US sanctions.

Hungary's crude production at 20-year high in 2024

Magnitsky-sanctioned Bulgarian MP Peevski pushes for state control of Lukoil’s local assets

Bulgaria’s Magnitsky-sanctioned Delyan Peevski, leader of DPS – New Beginning, has called for acquisition of Lukoil’s local assets – the Lukoil Neftochim Burgas refinery and fuel stations – by the state.

Germany’s Russian LNG imports surge over 500% in 2024, via other countries

Germany talks loudly about ending Europe’s imports of Russian gas, but as a result of alternative sources of energy, it has seen imports of Russian LNG soar by 500% in 2024 y/y, worth a total of €7.32bn, delivered via other European countries.

Orlen raises $1.25bn through corporate bonds

Poland’s largest energy company, Warsaw-listed Orlen, will issue series C corporate bonds worth $1.25bn.

UK's Harbour reports production, revenue gains in "transformational year"

"With our high-quality portfolio, financial strength and strong team, we are well-positioned for continued execution of our strategy," CEO Linda Cook said.

Eni's Enilive launches SAF plant in Sicily

Enilive, the mobility arm of Italy’s Eni, has commissioned its first sustainable aviation fuel production plant at the Gela biorefinery in Sicily.

ExxonMobil, QatarEnergy kick off exploration drilling off Cyprus

ExxonMobil and QatarEnergy have commenced exploratory drilling for natural gas at the Electra prospect west of Cyprus.

Denmark approves preservation work at damaged Nord Stream 2 gas pipe

Denmark’s Energy Agency announced on January 28 that it had authorised Nord Stream 2 AG, a subsidiary of Russia’s Gazprom, to carry out preservation work on the Nord Stream 2 gas pipeline in the Baltic Sea.

Slovakia’s Fico praises EC declaration on energy infrastructure, describing it as pressure on Ukraine

Slovakia’s populist Prime Minister Robert Fico praised the European Commission’s declaration on energy infrastructure, describing it at home as pressure on Ukraine.

Trump calls on OPEC to ramp up oil supply

"Right now the price is high enough that that war will continue," Trump said at Davos.

UK group EnQuest to acquire Vietnam oil assets from Harbour Energy

UK energy group EnQuest has announced its acquisition of Harbour Energy's Vietnam-based oil and gas assets, signalling a move to expand beyond the North Sea amidst challenging tax policies in the UK.

Czech gas reserves are at 48%

Czech gas reserve capacities are 48% full, containing 1,67bn cubic metres of gas. Last year at this time of the year the capacities were 74% full, Czech Press Agency reported.

Trump guarantees Europe LNG supply from US

US President Donald Trump has promised Europe ample supply of LNG.

Bulgaria calls new tender for Chiren gas storage expansion

Bulgarian gas transmission operator Bulgartransgaz said on January 24 it has launched a new tender for the expansion of the Chiren underground gas storage facility estimated to cost BGN109.5mn (€56mn) without VAT.

Russia expects mutually acceptable solution to US sanctions targeting NIS

Russia’s Ministry of Foreign Affairs expressed confidence that a mutually acceptable solution will be reached for Serbia and Russia following the imposition of US sanctions on Serbia's state-owned oil company, NIS.

Kazakhstan to deliver 127,000 tonnes of oil to Germany in January

Kazakhstan's state-run oil pipeline operator, KazTransOil, reportedly plans to deliver up to 127,000 tonnes of oil to Germany by the end of January.

Nigeria’s Dangote Refinery set to overturn fuel trade with Europe

Nigeria’s 650,000 barrel per day Dangote Refinery is expected to disrupt Europe’s petrol market, with experts noting that the plant could end petrol trade between Europe and Africa worth $17bn annually.

Wizz Air stops refuelling at Belgrade airport to comply with US sanctions

Recent US sanctions targeted oil and gas company NIS, the sole supplier of aviation fuel in Serbia, which is majority-owned by Russia’s Gazprom Neft.

Portugal to replace Russian LNG with supply from US and Nigeria

Portugal will look to the US and Nigeria for more supply of LNG to replace purchases from Russia.

Baltic states seek expanded energy security, NATO strengthens regional presence

After a series of supposed accidents in the Baltic Sea in which undersea cables have been heavily damaged, the Baltic states and NATO have taken steps to increase surveillance in the region for the sake of safeguarding energy security.