Orlen secures strategic North Sea crude deal with BP

Orlen has signed a major agreement with BP for the supply of North Sea crude oil, representing 15% of its annual requirements, to strengthen its refining operations in Europe.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Orlen, a major refiner in Central Europe, has signed a landmark contract with BP for the supply of 6 million tonnes of crude oil from Norwegian fields.
This volume, corresponding to 15% of Orlen’s annual requirements, will be delivered mainly to the port facilities of Gdansk and Butinge, thus reinforcing the resilience of its energy supply.
The agreement, which takes effect in September, is part of a wider strategy to diversify supply sources and reduce dependence on high-risk regions.

Technological synergies and cost optimization

The choice of North Sea crude is not an insignificant one.
This oil, renowned for its homogeneous quality, is perfectly suited to Orlen’s refining technologies, optimizing yields and reducing production costs.
By integrating this crude into its mix, Orlen strengthens its operational efficiency while maintaining flexibility in its operations.
At the same time, the company continues to explore other sources of supply, including US Midland WTI and Nigerian Forcados, to ensure continuity of supply in all circumstances.

Prospects for expanding cooperation

This agreement paves the way for closer cooperation between Orlen and BP.
The two companies are already considering extending their partnership to other forms of energy supply, which could offer further opportunities for synergy.
For BP, the agreement is also a strategic step forward, strengthening its presence in the Polish market and more widely in Central and Eastern Europe.
The strengthening of these relations comes at a time of growing geopolitical tension, when energy security is becoming an absolute priority for industrial players.
This agreement between Orlen and BP reflects the determination of both groups to consolidate their positions by adapting their strategies to the realities of the global energy market.

Turkish, Hungarian and Polish national companies confirm participation in Tripoli's summit as Libya revives upstream investments and broadens licensing opportunities.
Oil workers’ union FUP announced its intention to approve Petrobras’ latest proposal, paving the way to end a week-long national strike with no impact on production.
Subsea7 has secured a subsea installation contract from LLOG for the Buckskin South project, scheduled for execution between 2026 and 2027, strengthening its position in the Gulf of Mexico and boosting its order book visibility.
Global crude oil production is expected to rise by 0.8 million barrels per day in 2026, with Brazil, Guyana and Argentina contributing 50% of the projected increase.
Woodbridge Ventures II Inc. signs definitive agreement with Greenflame Resources for a transformative merger, alongside a concurrent financing of up to $10mn.
Interceptions of ships linked to Venezuelan oil are increasing, pushing shipowners to suspend operations as PDVSA struggles to recover from a cyberattack that disrupted its logistical systems.
Harbour Energy acquires US offshore operator LLOG for $3.2bn, adding 271 million barrels in reserves and establishing a fifth operational hub in the Gulf of Mexico.
The agreement signed with Afreximbank marks a strategic shift for Heirs Energies, aiming to scale up its exploration and production operations on Nigeria's OML 17 oil block.
Oritsemeyiwa Eyesan’s appointment as head of Nigeria’s oil regulator marks a strategic shift as the country targets $10bn in upstream investment through regulatory reform and transparent licensing.
Baghdad states that all international companies operating in Kurdistan’s oil fields must transfer their production to state marketer SOMO, under the agreement signed with Erbil in September.
Chinese oil group CNOOC continues its expansion strategy with a new production start-up in the Pearl River Basin, marking its ninth offshore launch in 2025.
A train carrying over 1,200 tonnes of gasoline produced in Azerbaijan entered Armenia on December 19, marking the first commercial operation since recent conflicts, with concrete implications for regional transit.
Subsea 7 has secured a new extension of its frame agreement with Equinor for subsea inspection, maintenance and repair services through 2027, deploying the Seven Viking vessel on the Norwegian Continental Shelf.
Caracas says Iran has offered reinforced cooperation after the interception of two ships carrying Venezuelan crude, amid escalating tensions with the United States.
US authorities intercepted a second oil tanker carrying Venezuelan crude, escalating pressure on Caracas amid accusations of trafficking and tensions over sanctioned oil exports.
California Resources Corporation completed an all-stock asset transfer with Berry Corporation, strengthening its oil portfolio in California and adding strategic exposure in the Uinta Basin.
The Ugandan government aims to authorise its national oil company to borrow $2 billion from Vitol to fund strategic projects, combining investments in oil infrastructure with support for national logistics needs.
British company BP appoints Meg O'Neill as CEO to lead its strategic refocus on fossil fuels, following the abandonment of its climate ambitions and the early departure of Murray Auchincloss.
The Venezuelan national oil company has confirmed the continuity of its crude exports, as the United States enforces a maritime blockade targeting sanctioned vessels operating around the country.
Baker Hughes will supply advanced artificial lift systems to Kuwait Oil Company to enhance production through integrated digital technologies.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.