EurOil - Europe Oil & Gas

Var Energi strikes oil in Balder area

Norwegian oil producer Var Energi has reported the discovery of 13-23mn barrels of recoverable oil resources at the Ringhorne North exploration well it drilled in the Norwegian Central North Sea.

Pieridae seeks to offload Goldboro permits after halting plans for LNG terminal

Calgary-headquartered Pieridae Energy has filed a request to the utility and review board in Nova Scotia for permission to sell its permits to Ireland’s Simply Blue Group to construct the Goldboro LNG terminal on Nova Scotia’s eastern shore.

European Parliament permits members to ban Russian LNG imports

The European Parliament has voted to adopt rules that will give member countries the legal basis to block Russian LNG imports through preventing Russian firms from booking the gas infrastructure capacity needed to deliver LNG to Europe.

EnQuest seeks stake sale at Golden Eagle

UK energy minister steps down

UK Energy Minister Graham Stuart resigned from his post after eight years in government on April 12, stating it was the right time to step down.

ADNOC reportedly held talks on BP takeover

UAE national oil company ADNOC recently considered the acquisition of BP, but talks did not make progress beyond preliminary stages.

What next for oil markets after Iranian strike on Israel?

For the time being, traders have apparently shrugged off fears of a direct war between Israel and Iran, but escalation is still a significant risk.

LNG imports improving EU energy security as Russian gas supplies fall to 8% of gas imports

Liquefied natural gas helps make Europe’s gas supply more secure as it doesn’t rely on existing pipeline infrastructure, allowing EU countries to diversify the sources of their imports, the European Commission (EC) said in a recent report.

Hungarian government to consider reintroducing fuel price cap

Hungary's government will consider whether to enforce lower fuel prices after a review by the Central Statistics Office of regional average price levels

Albanian energy ministry denies Shell quit Shpirag exploration

Albania’s Ministry of Infrastructure and Energy has issued a statement denying news reports that international oil and gas major Shell has withdrawn from oil exploration in Shpirag

EU Parliament backs rules to allow member states to block Russian LNG

The European Parliament voted in favour last week of rules thaat would enable governments of EU member states to block Russian LNG imports by preventing Russian companies from booking capacity at gas infrastructure.

Orlen boosts Norwegian gas supply to Poland by a third

Orlen Group announced last week it had expanded gas supply from its production assets off Norway to Poland by a third, or 1bn cubic metres per year.

EurOil: Shell mulls listing move from London to New York

Imports of Russian oil to Czechia increase by 2% y/y in 2023

Imports of Russian oil to Czechia from the Druzhba pipeline increased by 2% year-on-year in 2023 and amounted to a 58% share of the overall oil imports to the country

Poland’s counterintelligence tried to prevent appointment of Orlen Trading Switzerland CEO due to risk of “Arab extremism”

BP in talks to sell Trinidad and Tobago oil and gas assets to Perenco

BP is in advanced discussions to sell a portion of its oil and gas assets in Trinidad and Tobago to Perenco, a move aimed at reshaping its portfolio in the region.

Poland’s Orlen paid $400mn to scammers for oil that never arrived

'National champion' oil group humiliated by deal with unchecked middleman in scandal that only emerged after dismissal of CEO appointed by PiS government.

MOL opens largest green hydrogen plant near Budapest in CEE region

Hungarian oil and gas giant MOL has inaugurated one of Europe's largest green hydrogen plants and the biggest in CEE to support refinery operations at its facility south of Budapest from a €22mn investment.

Bulgaria’s parliament to refer to prosecution deal with Turkey’s Botas on gas delivery

Bulgaria’s parliament will send to prosecution all materials related to an agreement between state-owned gas supplier Bulgargaz and its Turkish peer, Botas, for 13-year supply of natural gas, a temporary parliamentary committee decided on April 11.

Janaf signs oil transport deal with Hungarian MOL

The Croatian oil pipeline operator Janaf announced on 11 April that it has finalised oil transportation and storage agreements with the Hungarian energy group MOL, effective until the end of the current year.

Naftogaz secures gas storage agreements with European companies

Naftogaz has signed agreements with German, Norwegian and French firms for gas storage services in Ukraine, despite continued Russian attacks.

Orlen names its former manager as new CEO

The state-controlled Orlen is the biggest Polish company and one of the biggest companies in the CEE region. It typically lands in the centre of political controversies with every change of government.

North Sea countries sign joint security declaration

The North Sea region is on high alert to the risk of attacks on critical energy and telecommunications infrastructure.

Baron Oil blames wind farm construction for losing UK oil and gas licence

London-listed explorer Baron Oil has blamed wind farm construction for its failure to fulfil obligations at a UK North Sea oil and gas licence.

Germany’s Mukran LNG import terminal receives operating permit

Germany’s LNG import terminal at Mukran port on Ruegen Island in the Baltic Sea has been granted its final operating permit, the terminal’s operator, private firm Deutsche ReGas revealed.