Eastern Europe

News
October 08, 2021
The controversial Nord Stream 2 pipeline has the potential to ease Europe’s gas crisis, and Russia says the project is on track. But obstacles remain -- and some of them could take months to clear.
News
September 23, 2021
Europe’s worst energy crisis in decades could drag deep into the cold months as Russia is unlikely to boost shipments until at least November.
News
March 29, 2021
KCA Deutag has secured contracts worth around $110 million for its land drilling business in Pakistan, Russia, Kurdistan, south-eastern Europe and Germany. The new business is made up of a mix of contract wins, allowing the company to mobilize stacked rigs, and contract extensions.
News
December 31, 2020
Gas pumped from the BP-led Shah Deniz deposit in the Caspian Sea began flowing into Italy, Greece and Bulgaria on Dec. 31, BP and Azerbaijan’s state energy company Socar said in a joint statement. The European Union has worked for years to ease its dependence on Russia, which accounts for about a third of the region’s gas supplies.
News
December 25, 2020
The LNG vessel Tristar Ruby, which loaded at the Cove Point plant in Maryland, is headed for Croatia’s terminal on the Adriatic island of Krk, according to ship-tracking data on Bloomberg. The ship is scheduled to arrive on Jan. 1, the expected start date of the terminal.
News
October 07, 2020
The regulator said the 9.5 billion-euro ($11 billion) pipeline will impede competition and “violates the interests of consumers.”
News
September 10, 2019
The project is the first of its kind for Croatia, which has the EU’s fifth-longest coastline, and is the result of the U.S. lobbying to reduce the country’s need for Russian gas. Once online, the terminal will have an annual capacity of 2.6 Bcm, equivalent to the country’s annual usage.
News
September 10, 2019
Poland successfully challenged a European Commission decision that allowed Gazprom PJSC to use most of the capacity on the Opal pipeline in Germany. That link in turn carries fuel from the Baltic Sea Nord Stream pipeline, a key part of the Moscow-based company’s plans to avoid shipping its fuel across Ukraine.
News
August 29, 2019
Twenty-five new exploration wells are planned as part of the new cycle of onshore exploration for which Croatia has awarded licenses.
News
May 23, 2019
Although compensation for damage caused during a contamination crisis remains a sticking point, Russia and Poland said flows of clean oil through the giant Druzhba pipeline into Europe could resume within 2 1/2 weeks.
News
May 22, 2019
Ascent Resources plc, the European focused oil and gas exploration and production company is pleased to announce that it has signed a contract for the purchase of a mobile compressor unit for use at its Petišovci project in Slovenia.
News
April 10, 2019
The Board of Ascent is pleased to announce that our JV partners have been informed by the Slovenian Environment Agency (ARSO) that it has again approved the permit application (IPPC) for the installation of a processing plant at Petišovci, that the Company and its Slovenian partners originally submitted in June 2014, subject to any further appeal.
Article
March 2019
During a recent industry conference in Houston, Croatian Hydrocarbon Agency President Marijan Krpan sat down with World Oil and discussed what his country is doing to improve production, including two new bidding rounds.
Article
February 2019
Russia’s development and the disconnect between oil prices and exchange rates
News
December 06, 2018
Ice-class passenger ferry Suomenlinna II was remotely piloted through test area near Helsinki harbor, proving that human oversight of vessels from anywhere is achievable with today’s technologies.
News
November 19, 2018
The Slovak Republic has made significant progress on several fronts of energy policy, and together with its neighbors and with the support of the European Union, has strengthened cross-border connections for natural gas, oil and electricity.
News
November 07, 2018
Croatia has launched the country’s second onshore license round offering seven onshore blocks all located in Croatia’s prolific Pannonian basin. This is the second of three planned onshore license rounds.
News
September 17, 2018
Prospex Oil and Gas Plc, the AIM quoted investment company, has announced that it has been advised by the operator, Raffles Energy S.R.L., that first gas production has commenced from Bainet gas field in the Exploration Area of the EIV-1 Suceava Concession, northeastern Romania.
News
September 12, 2018
After supplying Europe’s biggest economy with natural gas for more than four decades, Norway is preparing to defend its share as the world’s biggest producers all vie for a larger slice of the $21-billion market.
News
August 30, 2018
Canada is finding new customers for its Newfoundland oil.
News
June 22, 2018
Eni and INA-INDUSTRIJA NAFTE, d.d. have signed an agreement to enable INA-INDUSTRIJA NAFTE, d.d. to acquire 100% of Eni Croatia b.v., that currently produces about 2,500 boed.
Connect with World Oil
Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.