Region: Europe Category: Oil and Gas Frequency: Every Thursday
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About: EurOil analyses key trends such as the influx of private equity into the North Sea and how it is shaping the basin's future. The monitor also provides key insight on major trends such as decommissioning and the development of frontier regions like West of Shetland. Midstream developments also take prominence, with deep analysis of the region's gas needs and how they will be met in the future.
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EU set to soften methane regulation amid crisis
The EU is preparing to soften enforcement of its methane emissions rules for oil and gas imports as the Iran war drives renewed fears over Europe’s energy security.
EnergyPathways eyes UK's Port of Barrow as site for infrastructure for offshore gas and hydrogen storage
EnergyPathways announced this week it had signed a collaboration agreement with Associated British Ports to assess the Port of Barrow in northwest England as a potential location for onshore infrastructure for its Marram Energy Storage project.
Dolphin Drilling secures UK North Sea, India deals
Offshore rig contractor Dolphin Drilling has signed a contract with Harbour Energy for the semi-submersible drilling rig Paul B. Loyd Jr. in the UK sector of the North Sea, adding around $150mn to its firm backlog.
Putin pledges to cover Slovakia's energy needs
Russian President Vladimir Putin pledged to continue supplying Slovakia with energy resources during talks with Slovak Prime Minister Robert Fico.
EU imports record volumes from Yamal LNG in April
The figure represented 98% of all LNG exported from the Arctic project over the period.
Italy’s Edison expects two-thirds of LNG supply from Qatar to be delivered shortly after any peace deal
QatarEnergy’s largest Italian customer Edison forecasts that it will receive about two-thirds of its contract LNG volumes between 30 to 45 days after any peace deal between the US, Israel, and Iran.
Hungary’s MOL reports sharply lower Q1 EBITDA as downstream hit by refinery fire and pipeline halt
Hungarian oil giant MOL posted a disappointing Q1 earnings report due to weak downstream results after a fire reduced capacity at its Hungarian unit and the delay in the reopening of the Druzhba pipeline.
Serbia rejects MOL offer in NIS ownership talks
Serbia is not satisfied with a proposal from Hungarian oil and gas group MOL regarding the future ownership structure of sanctioned Serbian refiner Naftna Industrija Srbije (NIS).
Bulgaria approves OMV Petrom’s 25% stake in Khan Tervel offshore block
Bulgaria has approved OMV Petrom to acquire a 25% stake in the Khan Tervel oil and gas exploration block in the Black Sea.
Unknown Serbian firm bids €2bn for Russian stake in NIS
A little-known Serbian company has offered €2bn to buy Russia’s stake in NIS, a move that could complicate an existing agreement with Hungary’s MOL Group.
Gazprom Neft says it is in exclusive talks on NIS sale with MOL
Russia’s Gazprom Neft said it is in exclusive talks with Hungary’s MOL Group over the sale of its stake in Serbian oil company NIS, dismissing reports of competing offers for the asset.
Turkey’s top refiner Tupras swings to 1Q bottom line of TRY 3.7bn
Largest Turkish refiner Tupras (IST: TUPRS) on May 6 reported a 1Q net profit of Turkish lira (TRY) 3.7bn ($81.8mn) versus the bottom line of TRY 127mn that it reported 12 months ago.
Norway responds to Europe's gas call
Norway is expanding offshore exploration and reviving old gas fields to slow declining output and sustain gas exports to Europe.
Bulgargaz launches tender for LNG cargo to Turkish terminal
Bulgaria’s Bulgargaz has launched a tender for the delivery of one LNG cargo equivalent to 1mn MWh to a terminal in Turkey to secure gas supplies for Bulgaria during the summer season.
Finland's Wartsila to supply fuel systems for four LNG bunkering vessels
Two vessels were booked in the first quarter of 2026, followed by an additional two in the second quarter.
Norway's TGS secures 3D streamer acquisition project in North Sea
Norway’s TGS has secured a new multi-client 3D streamer acquisition and processing project in the Åsta Graben area of the Norwegian North Sea.
Norway's Var Energi exercises second option for Chinese COSL rig
Norwegian producer Vår Energi has exercised a second option for the COSLPioneer semi-submersible drilling rig operated by COSL Drilling Europe, extending cooperation between the two companies.
Norway's Reach Subsea lands subsea services deal for Mediterranean and Black Sea
Norway’s Reach Subsea said it has received a letter of intent for a multi-year contract covering inspection, maintenance and repair and light construction services in the Mediterranean and Black Sea.
Norway's Equinor awards Aker Solutions FEED for Atlantis North Sea project
Norway’s Equinor has awarded Aker Solutions a front-end engineering and design contract for modifications to the Kvitebjørn platform linked to the planned Atlantis subsea tie-back project in the North Sea.
Equinor launches Eirin gas field in Norwegian North Sea
The Eirin gas field in the North Sea off Norway had started production and is now exporting to Europe via the Gina Krog and Sleipner A platforms.
Norway starts mediation after talks between oil firms and labour unions break down
Wage negotiations between Norwegian oil companies and labour unions broke down on April 30, triggering state-led mediation and raising the prospect of strike action in western Europe’s largest oil and gas producing nation.
DNV to certify UK CO2 storage project
Norway-based DNV has been appointed independent certifier for the Northern Endurance Partnership CO2 transport and storage project in the UK, which underpins the East Coast Cluster carbon capture network.
Norway's Equinor posts higher-than-expected earnings in Q1
Equinor reported stronger-than-expected first-quarter earnings on May 6 as record production and higher oil and gas prices driven by the Iran war boosted results.
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