EurOil - Europe Oil & Gas

BP plans full exit from UK North Sea

CEO Meg O’Neill said the company has become “spread relatively thin” and owns too many assets to manage and fund competitively.

Oman's Petrogas targets first gas from UK North Sea in Q2 2029

Oman-based Petrogas is targeting first gas in the second quarter of 2029 from its proposed Abbey and Baker development in the UK southern North Sea.

Ankara urges Russia, Ukraine to ensure Black Sea safety after drone attack on Turkish vessel near Novorossiysk

Turkey on August 4 called on both Russia and Ukraine to uphold maritime safety in the Black Sea after a drone strike hit a Turkish owned vessel near the Russian port of Novorossiysk, seriously injuring three crew.

Poland's Orlen steps up renewables investment with new 216 MW hybrid solar and wind project

Poland's largest energy multi-utility Orlen said on August 4 its group had completed the acquisition of a 216 MW hybrid renewable energy project from, among others, Warsaw bourse-listed renewable energy construction company Onde.

Belgium imports only Russian LNG in July

Belgium imported all of its LNG from Russia in July as European and Asian countries compete for scarce supplies of the super-chilled fuel amid the Middle East conflict.

Greek vessel carrying Qatari LNG hit off coast of Oman

A Greek shipping line’s vessel GasLog Shanghai was stuck off the coast of Oman while exiting the Strait of Hormuz.

Italy is Europe’s top LNG importer in July as Rome hedges against volatile market

Europe’s largest LNG importer changed from the Netherlands in June to Italy in July.

Low Rhine water levels hurt German petrochemical output

Market participants have repeatedly said low river levels were restricting deliveries of raw materials and finished products with the Rhine water levels having severely disrupted naphtha and LPG barge transport, making it difficult to load vessels.

Kazakhstan weighs proposal to refine Russian crude oil

Kazakhstan is reportedly weighing a proposal to refine Russian crude oil at its domestic refineries. /

Gazprom-linked NIS sells Romanian fuel station network

Serbia’s NIS, controlled by Russian energy group Gazprom, has agreed to sell its entire stake in NIS Petrol Romania, which operates a network of 19 fuel stations in Romania, according to the Serbian company.

MOL CEO says fuel supply secured, but Hungary faces energy challenges

MOL's chief Zsolt Hernadi says Hungary has sufficient fuel supplies, but tight global markets and low Danube levels are creating new challenges for refinery operations.

Canada’s Ksi Lisims finalises 20-year LNG contract with Uniper

Cargoes from the proposed project in British Columbia could begin being delivered by as early as 2032.

Baghdad, Ankara sign interim deal to extend use of Iraq-Turkey Pipeline for one year

Turkey and Iraq have agreed and signed a one-year deal on extending and expanding the use of the crude oil pipeline that links the neighbouring countries, Turkish Energy Minister Alparslan Bayraktar said on August 1.

Rubio and Kazakh foreign minister discuss CPC pipeline after Black Sea attacks, disruptions

Kazakh Foreign Minister Yermek Kosherbayev held a telephone conversation with US counterpart Marco Rubio to discuss the Caspian Pipeline Consortium (CPC) oil export pipeline following disruptions caused by attacks near Russia's Black Sea coast.

Diesel price hits new record in Romania as Kazakh oil imports remain uncertain

The price of diesel at Romanian fuel stations surged by around 5% to RON10.5 (€2.0) per litre on July 30, setting a new record as the flow of crude oil from Kazakhstan through the Russian port of Novorossiysk remains uncertain.

Slovenia seeks EU approval to cut fuel excise duties below minimum level

Serbia’s NIS posts €83mn net profit in H1 2026 despite challenging market conditions

Hungary shuts down one reactor at Paks NPP in an unprecedented move as Danube hits record-low levels

Extreme low level of Danube forced Hungary to take a 500 MW reactor at the Paks nuclear plant offline for the first time, reducing capacity by 40%.

Iraqi PM reportedly concludes Turkey visit with no agreement on use of cross-border oil pipeline

Iraqi Prime Minister Ali Al-Zaidi reportedly ended his visit to Turkey on July 30 without sealing an agreement on the use of a cross-border pipeline that is essential to Iraq's oil export plans.

North Macedonia’s gasification push enters new phase as Greece interconnector nears completion

Long-awaited gas interconnector with Greece will open the way for a more diversified energy system and the gradual expansion of the domestic gas distribution network.

Bulgaria seeks new Lukoil law after court ruling on state administrator

Bulgaria's government will ask parliament to urgently approve legislation to preserve state oversight of two local units of Russian oil group Lukoil after the Constitutional Court ruled that the appointment of a state-appointed special administrator.

Iran says European warships near Hormuz are legitimate targets

Any European warship approaching the Strait of Hormuz is a legitimate target, Iran's deputy foreign minister for legal affairs has said, adding that Tehran's policy is that the waterway will never return to its pre-war condition.

Iraq, Turkey activate water framework agreement, linking Tigris-Euphrates cooperation to oil revenues

Italy's Edison reports extended force majeure on Qatari LNG shipments

QatarEnergy has extended force majeure on LNG supplies to Italy’s Edison through the end of September, adding three cargoes to the volumes it is unable to deliver because of the continuing disruption to Qatari exports.

Cyprus' offshore gas wealth finally reaches an FID

Eni’s sanction of the Cronos gas project ends Cyprus’ 15-year wait for an offshore development and puts first exports on track for 2028.