Europe – Page 3 – Oil & Gas 360

What DECARBON 2026 Reveals About the Industry’s Next Move- oil and gas 360

What DECARBON 2026 Reveals About the Industry’s Next Move on February 9-10, 2026

January 12, 2026

(Oil & Gas 360) – The oil and gas industry is moving from intention to action. With a focus on sustainability and operational advancements, this sector is investing in groundbreaking technologies to meet new demands. Find out how the Oil and Gas Decarbonisation Congress (DECARBON) 2026 is driving this transformation and reshaping the global energy landscape. The oil and gas sector

Azerbaijan ramps up natural gas production

January 12, 2026

(Oil Price) – Azerbaijan, a key natural gas supplier to Europe, raised its production by 2.4% in 2025 from the previous year, the Azeri Ministry of Energy said on Monday. Azerbaijan produced 51.5 billion cubic meters (bcm) of natural gas last year, up by 1.2 bcm, or 2.4%, compared to 2024, according to the ministry’s data cited by the Azerbaijan State News Agency

Ukraine strikes Lukoil offshore oil platforms in Caspian Sea

January 12, 2026

(World Oil) – Ukraine overnight targeted three drilling platforms in the Caspian Sea owned by Russian oil major Lukoil in the latest move to weaken Russia’s economic capacity to fund its war effort. The platforms, V. Filanovsky, Yuri Korchagin, and Valery Grayfe, sustained direct hits, the General Staff of the Armed Forces of Ukraine said on its Telegram channel. The

Equinor awards over $9 billion in long-term contracts to Norwegian suppliers

January 8, 2026

(World Oil) – Equinor has awarded a series of long-term framework agreements to seven supplier companies, committing roughly NOK 100 billion ($9+ billion) to maintenance, modifications and large project work across its offshore installations and onshore plants in Norway. The twelve new framework agreements, which begin in the first half of 2026, have a five-year duration with extension options of three

Equinor not planning Venezuela return after Maduro capture

January 7, 2026

(Oil Price) – Equinor does not consider returning to Venezuela, which it quit years ago, Anders Opedal, the chief executive of the Norwegian energy major, told Reuters on Wednesday. Following the capture of Nicolas Maduro by U.S. forces, the industry is buzzing with talk about the opportunities for Western, especially U.S. oil firms, in Venezuela, the holder of the world’s biggest proven oil reserves estimated

Eni, Repsol struggle to recover $6 billion in gas payments from Venezuela, FT reports

January 6, 2026

(BOE Report) – European energy companies Eni and Repsol are struggling to recover recover about $6 billion in gas payments from Venezuela and are facing indifference from U.S. officials about the debt, the Financial Times reported on Tuesday. Eni, Repsol, and the U.S. Treasury did not immediately respond to Reuters’ request for a comment. Reuters could not immediately verify the report. Italy’s

CanCambria Energy provides operational update and submits technical operating plan for Kiskunhalas exploration concession

December 12, 2025

(Oil & Gas 360) – Vancouver, BC – December 11, 2025 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (“CanCambria” or the “Company”) is pleased to provide an operational update within the BA-IX Mining License area including preparations for drilling of the Kiskunhalas tight-gas field, via the CC-Ba-E-2 well location. The well is permitted, approved and anticipated to be drilled

Oil exports via Caspian pipeline down 12% in November m/m, sources say

December 11, 2025

(BOE Report) – Oil exports of the Caspian Pipeline Consortium (CPC), which ships oil from Kazakhstan via a pipeline and subsequently a Russian Black Sea terminal, declined by 12% in November from October, two industry sources said on Thursday. CPC, which handles around 80% of Kazakhstan’s oil exports, was attacked by a Ukrainian drone on November 29, when one of

Kazakhstan’s CPC oil pipeline will not return to full export capacity before December 11, sources say

December 8, 2025

(BOE Report) – Kazakhstan’s Caspian Pipeline Consortium, which accounts for 1% of global crude supply, will not return to full export capacity until at least December 11 after a Ukrainian drone attack damaged a key part of its terminal, two industry sources told Reuters. The CPC terminal, which handles around 80% of Kazakhstan’s oil exports, was damaged by a Ukrainian

North Sea shakeup: TotalEnergies, NEO NEXT merge to form UK’s largest independent operator

December 8, 2025

(World Oil) – TotalEnergies has signed an agreement to merge its UK Upstream business with NEO NEXT, forming a newly expanded company—NEO NEXT+—that will become the largest independent oil and gas producer in the United Kingdom. The deal positions TotalEnergies as the new entity’s leading shareholder with a 47.5% ownership stake. Following completion—expected in the first half of 2026 pending regulatory

Equinor strikes gas in North Sea wildcat wells, opening new development potential

December 5, 2025

(World Oil) – Equinor and Aker BP have announced a new gas and condensate discovery in the North Sea after drilling two exploration wells at the Lofn and Langemann prospects, marking a promising start for Production Licence 1140. The wildcat wells—15/5-8 S and 15/5-8 A—were drilled about 7 km north of the Eirin field and roughly 240 km west of Stavanger using Odfjell Drilling’s Deepsea

Germany scales back offshore wind auctions after latest flop

December 5, 2025

(Oil Price) – Germany moved to reduce the capacity it will auction in its offshore wind tender in 2026, following the flop in the latest auction without a single bid made. The German Parliament approved legislation narrowing the capacity in the 2026 tender to just 2.5 gigawatts (GW) to 5 GW, compared with an earlier plan of auctioning off 6 GW of offshore

Premium Content