EurOil - Europe Oil & Gas

Spain's Reganosa to advise Poland's GAZ-SYSTEM on operation of new LNG terminal

Norwegian oil producer Aker BP reports hike in costs at two key projects

The company raised its production guidance for the year, however.

Aberdeen-based oil service provider Unity scores first major Asia-Pacific contract

The companies will deploy Unity’s proprietary surface intervention system for an unnamed international offshore operator.

Italy's Adriatic LNG terminal kicks off open season for LNG regas capacity

Italy’s Adriatic LNG terminal has launched an open season for medium and long-term regasification capacity between 2029 and 2051.

EU gives conditional sign-off for Baker Hughes' $13.6bn takeover of Chart Industries

The European Commission has conditionally approved Baker Hughes’ $13.6bn acquisition of Chart Industries after the companies agreed to divest LNG technology assets and preserve access for rival equipment suppliers.

France's CMA CGM completes biggest bio-LNG bunkering operation to date

TotalEnergies supplied the fuel using its LNG bunkering vessel.

Kashagan operators face July 20 deadline to pay $4.9bn environmental fine

Foreign consortium members operating Kazakhstan's Kashagan oil field must reportedly pay a KZT 2.3 trillion ($4.9bn) environmental fine by July 20 following a court ruling that has entered into legal force.

Denmark's Topsoe, South Africa's Sasol to equip Allied Biofuels' planned $6bn SAF biorefinery in Uzbekistan

Danish company Topsoe and South African group Sasol have signed licensing agreements with Uzbekistan's Allied Biofuels to supply core technologies required for a planned $6.1bn SAF and eSAF biorefinery.

TotalEnergies divests distributed solar business to focus on larger scale

TotalEnergies has sold its European distributed solar business as it concentrates renewable investment on larger utility-scale projects.

Netherlands' Fugro secures deal with Saipem for marine services for UK's first CCS project

Fugro did not disclose its value or duration.

Norwegian oil strike after big hit to production

A month-long Norwegian oil-service dispute ended on July 14, averting an expected rise in oil and gas production losses to around 120,000 barrels of oil equivalent per day by late July.

IEA chief urges EU to rethink opposition to Arctic oil and gas development

IEA head Fatih Birol has urged the EU to reconsider its opposition to new Arctic oil and gas development, arguing that maintaining Norwegian supply will become increasingly important to European energy security.

Harbour Energy wraps up $163mn takeover of Waldorf assets in UK North Sea

UK oil and gas group Harbour Energy has completed its $163mn acquisition of substantially all the UK subsidiaries of Waldorf Energy Partners and Waldorf Production, strengthening its position in the UK North Sea.

Var Energi cleared to drill two Norwegian wildcat wells

The regulator announced on July 13 that it had issued permits for wellbores 35/6-7 S in production licence 929 and 25/8-24 S in production licence 1203.

UK's James Fisher and Aquaterra Energy form offshore services partnership

The UK’s James Fisher and Sons and Aquaterra Energy have formed a global partnership to offer offshore oil and gas operators an integrated service spanning early engineering, well abandonment, subsea work and infrastructure removal.

BP expects big earnings bump in Q2 on US-Iran war fallout

BP expects a sharp second-quarter earnings boost as the Iran war drove up oil prices and refining margins, while its oil trading performance improved further from an exceptionally strong first quarter.

Norway's DOF secures $100-200mn contract for offshore services

Norwegian offshore services provider DOF has received a letter of award for a four-year contract valued at between $100mn and $200mn.

Norway's DeepOcean wraps up decomm work in UK North Sea

Oslo-based DeepOcean has completed subsea decommissioning work at UK operator Spirit Energy’s Seven Seas and Grove West fields in the southern North Sea off the UK ahead of a planned rig campaign.

European gas prices surge amid renewed US-Iran hostilities

European gas prices have soared this week amid renewed US-Iran hostilities, driving up costs for restocking supplies ahead of next winter.

Gazprom reports drone strike on compressor station serving Russia's Blue Stream gas pipeline

The station was attacked at 19:51 local time on July 7, Gazprom said. The company did not disclose the extent of the damage, adding that emergency work was under way.

Russian refining down to record lows, LNG exports to Europe at record highs

Russia’s crude output declined to the lowest in at least two and a half years in June as Ukraine attacked the nation’s oil infrastructure on an almost daily basis. But LNG production remains untouched and exports to Europe are at record highs.

Shell delivers US LNG cargo to Bulgargaz for winter storage

UK-based energy company Shell has delivered a cargo of US LNG to Bulgaria's state-owned gas supplier Bulgargaz via the Alexandroupolis LNG terminal in Greece.

OPEC’s leverage narrows as war and exits reshape supply

Sanctions on Iran, war‑time disruptions and the UAE’s departure from OPEC have eroded the cartel’s capacity to shape prices, leaving it increasingly reactive and internally constrained

Central Asia battles to stop fuel squeeze turning into supply shock

Sustained Ukrainian attacks on Russia’s refineries increasingly hitting motorists across region.

Europe is heading for gas volume crunch this winter, Eni chief warns

Europe is heading towards a shortage of physical gas supplies rather than another spike in prices, according to the head of Italy's energy major Eni, who warned that the continent faces its tightest supply buffer since the 2022 energy crisis.