EurOil - Europe Oil & Gas

Russia’s LNG exports soar by 21% in October

The commencement of cargoes from Arctic LNG 2 has taken Russia’s LNG exports to new levels.

Bulgaria suspends fuel exports to EU after US sanctions Lukoil

Bulgaria has temporarily suspended exports of petroleum products to European Union countries after the United States imposed sanctions on Russian oil giant Lukoil.

US push to pressure Iran providing fresh incentive for trans-Caspian pipeline

Turkmenistan showing interest in the idea.

Serbia and North Macedonia to launch gas interconnector by 2028

A new gas pipeline connecting Serbia and North Macedonia is expected to be completed by 2027, with operations starting in 2028.

OMV Petrom reports mixed results for first nine months of 2025

OMV Petrom (BVB: SNP), Romania’s largest listed company and main oil and gas producer, posted mixed financial results for the first nine months of 2025, with revenues edging higher while profits declined year on year.

Kazakhstan reportedly in talks with ExxonMobil over expansion of Kashagan oil field

Kazakhstan is holding negotiations with Exxon Mobil on developing the untapped section of its giant Kashagan oil field, Bloomberg reported on October 30, citing people familiar with the discussions.

Shell and Orlen among potential buyers for Lukoil’s Romanian assets

Shell and Poland’s PKN Orlen are reportedly among several potential buyers interested in Russian energy group Lukoil’s assets in Romania, including the Petrotel refinery.

Serbia’s oil refinery will continue to function until November 25

Serbia’s sole oil refinery in Pancevo will continue normal operations until November 25 despite US sanctions targeting the Oil Industry of Serbia (NIS), Energy Minister Dubravka Dedovic Handanovic said on October 29.

Serbia’s central bank accuses media of spreading panic over NIS sanctions

Serbia’s central bank has rejected claims that the use of the country’s domestic Dina payment card at fuel stations run by the sanctioned oil company NIS could trigger US penalties, calling such reports an attempt to “spread panic.”

Serbia’s NIS posts 9-month net loss as US sanctions weigh on performance

NIS, majority-owned by Russia’s Gazprom Group, said it had operated in “extremely complex circumstances” after sanctions were announced by the US Treasury Department.

Viktor Orban facing delicate balancing act to persuade Donald Trump to ease pressure on Hungary over Russian sanctions

The Hungarian prime minister, long admired in MAGA circles and hailed by Donald Trump as a “great leader” now finds himself for the first time at odds with the US president over the latest US sanctions on Russia.

Croatia’s Janaf denies Slovnaft claims over crude supply cut

Croatian pipeline operator Janaf has firmly rejected claims by Slovak refiner Slovnaft, part of Hungary’s MOL Group, that it has breached its crude oil transport contract.

Argus launches French guarantees of origin for biomethane

Energy and commodity price reporting agency Argus Media has launched the world’s first price assessments for French renewable gas guarantees of origin.

ECHR dismisses case challenging Norwegian licence awards

The European Court of Human Rights dismissed a closely watched climate case against Norway over the award of Barents Sea exploration licences on October 28.

Bulgaria to complete its Vertical Gas Corridor section by 2026

Bulgaria expects to complete its section of the regional Vertical Gas Corridor by October 2026, a project designed to boost energy security and diversify gas supplies across Southeastern and Central Europe.

US rules out compromise on sanctions against Serbia’s NIS

The US will not compromise on sanctions imposed against NIS and sees only two possible ways for Belgrade to lift them: selling the Russian-owned stake to a buyer unconnected to Russia or nationalising the Russian share.

Kazakhstan reviews Lukoil stakes in major oil projects in wake of new US sanctions

Kazakhstan’s authorities are assessing the future of Russian oil producer Lukoil’s stakes in key national energy projects following the latest round of US sanctions, which have hit the company, Reuters reported.

Romgaz issues €500mn FX bond to fund Neptun Deep offshore project

Romanian natural gas producer Romgaz has issued a €500mn bond with a six-year maturity and a fixed coupon to finance its participation in Neptun Deep offshore gas project -- the second issue after the first one with the same size in October 2024.

MOL relaunches production at reduced capacity at Danube refinery a week after fire

MOL has restarted production at its Danube Refinery after last week’s fire, with two units accounting for 60% of output, while repairs continue at the damaged AV3 unit.

Serbia’s NIS operating normally despite US sanctions

NIS petrol stations are functioning normally despite US sanctions that took effect earlier this month against the Gazprom-controlled company.

Hungary assesses impacts of new US sanctions on energy supply

The Hungarian government states that new US sanctions on Russia’s energy sector have not affected its supplies, and Prime Minister Orbán is set to address the issue during his upcoming talks with President Trump in Washington next week.

Ukraine accuses Russia of using energy blackmail against Serbia

Ukraine says Moscow is repeating tactics it previously deployed against Kyiv after Russia refuses to sell its stake in Serbia's NIS.

North Macedonia’s PM says no risk of gas shortages despite new Western sanctions on Russia

Serbia’s Vucic expects breakthrough on NIS sanctions next week

Serbia’s President Aleksandar Vucic said he expects progress next week on resolving the situation around the Oil Industry of Serbia (NIS), after US sanctions on the country’s sole oil refiner took effect earlier this month.

Lukoil Serbia operations unaffected despite US sanctions

Russian oil company Lukoil said on October 24 that its operations in Serbia are running normally despite US sanctions on its parent company, PJSC Lukoil.