EurOil - Europe Oil & Gas

France’s Elengy starts €220mn modernisation of Montoir LNG terminal

French LNG terminal operator Elengy has launched a €220mn ($259mn) modernisation of its Montoir-de-Bretagne terminal, seeking to extend the life of one of Europe’s busiest import facilities while sharply reducing its emissions.

Italy, Czech Republic push for wider easing of EU energy rules

Italy and the Czech Republic are preparing joint proposals to ease EU energy and carbon-market rules, extending pressure on Brussels beyond the possible postponement of new methane requirements for imported oil and gas.

EU energy crisis adds €100bn to fossil-fuel bill

The EU has spent an additional €100bn on fossil fuels since the start of the US-Iran war without receiving any additional oil or gas, underscoring the economic cost of the bloc’s continued dependence on energy imports.

EU methane rules run into energy security reality

Brussels plans to postpone key methane requirements for imported oil and gas after mounting government and industry pressure, exposing a growing tension between the EU’s climate ambitions and its need to keep access to diverse energy supplies.

High gas prices force Europe back towards coal

Surging natural gas prices are pushing European power generators back towards coal, reversing some of the fuel-switching that has driven the most carbon-intensive fossil fuel steadily out of the region’s electricity mix.

EU urges demand cuts as low gas stocks raise winter risks

The European Commission has urged member states to consider reducing gas and electricity consumption as Europe approaches winter with unusually low gas inventories and continued uncertainty over LNG supplies.

QatarEnergy extends force majeure on LNG supplies to Italy's Edison

QatarEnergy has extended force majeure on LNG supplies to Italy’s Edison until early December, prolonging a disruption that began in April and forcing the Italian utility to continue sourcing replacement cargoes.

TotalEnergies sets $14-17bn annual investment range through 2032

France’s TotalEnergies plans to invest a net $14-17bn per year between 2027 and 2032 as it targets continued growth in oil, gas and electricity production into the next decade.

Italy calls refiners for talks on boosting fuel output amid supply crunch

Italy will hold talks with the country’s major refiners on October 8 over increasing domestic fuel production, as disruptions to global supplies push up diesel, gasoline and jet fuel prices.

Norway's Aker BP raises resource estimates for pair of Norwegian oil and gas discoveries

Aker BP,Equinor and DNO have increased the estimated size of the Verdandi and Lillefix discoveries in the Norwegian North Sea following an appraisal well, strengthening the case for a potential tie-back to the producing Symra field.

Romania's Romgaz reportedly rejected 20-year US LNG deal over potential losses

Romania's OMV Petrom and Romgaz confirm Neptun Deep first gas for H1 2027

OMV Petrom and Romgaz have confirmed that the Neptun Deep offshore gas project remains on schedule, with first natural gas expected in the first half of 2027 and a plateau production of 8 bcm per year targeted for the third quarter.

Serbia expects extension of Russian gas supply deal

Serbia expects its gas supply arrangement with Russia to be extended beyond September 30, Aleksandar Vucic said after a phone call with Russian President Vladimir Putin.

German petchems producer Evonik turns down takeover offer from BASF

German specialty chemicals producer Evonik Industries has rejected an initial takeover approach from BASF as too low, complicating efforts by Europe's largest chemicals group to pursue a potentially transformative consolidation deal.

Turkey's TPAO seeks licence for oil deposit near flagship Sakarya offshore gas field

Turkey's state-owned TPAO has applied for a production licence covering an oil-bearing area in the Black Sea, potentially opening a new offshore oil development frontier alongside the country's rapidly expanding Sakarya gas project.

TotalEnergies takes FID on next phase of Azerbaijan's Absheron gas field

France’s TotalEnergies and its partners have taken a final investment decision (FID) on the full development of Azerbaijan's Absheron gas and condensate field, which will quadruple gas production to 6 bcm per year from 2029.

Moldova approves 30% hike in household gas prices amid spike in import costs

Moldova's energy regulator has approved a 29% increase in household natural gas prices from October 1, marking the second sharp rise in a month as higher European gas prices feed through into state supplier Energocom's procurement costs.

Gas-tastrophe! Global energy chiefs drill for more while their own seeps away

The global gas industry is spending billions of dollars drilling new fields, constructing LNG terminals and securing supply routes while allowing huge quantities of the commodity it already produces to leak, vent or burn into the atmosphere.

Austria's oil supply hangs on one pipeline and a war-hit Black Sea port

Austria's crude supply runs through a single pipe from Trieste, and more than half starts at a Russian Black Sea port that Ukrainian drones keep hitting.

Velocys launches largest aviation fuel reactor for Europe's SAF plants

Velocys has released AlphaCore 800, its largest microchannel Fischer-Tropsch reactor to date, capable of producing up to 800 barrels per day of Fischer-Tropsch fluids from a single unit, the company announced on September 20 via...

Serbia's sanctioned oil firm NIS seeks new US licence

Serbia's oil company NIS, majority-owned by Russian energy companies, has asked the US Treasury for a new licence to continue operating after its current sanctions waiver expires on September 30.

Falklands extends offshore oil licences as Argentina steps up legal challenge

The Falkland Islands government has extended existing offshore oil licences for five years as Argentina steps up legal and political efforts to block development of the territory’s petroleum resources.

Bulgaria lifts ban on petroleum product exports to EU

Bulgaria's parliament has voted to lift a temporary ban on exports and deliveries of petroleum products to the European Union, mainly diesel and aviation fuel, that has been in place since October 2025.

Netherlands cuts gas-storage filling target to 93 TWh

The Netherlands has cut its gas-storage filling target for the coming winter to 93 TWh from 115 TWh, following a European Commission call to ease storage requirements amid tight market conditions.

Italy, Norway deepen energy ties amid supply concerns

Italy and Norway have pledged to deepen energy cooperation as Rome seeks to strengthen supply security amid renewed volatility in global oil and gas markets.