Europe & Russia News

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Serica to Buy BP Stake in North Sea Fields, Welcome 100+ Staff
Tuesday, November 21, 2017 Serica UK agrees to acquire BP plc's interests in the Bruce, Keith and Rhum fields in the North Sea, in a deal which will see the transfer of approximately 110 BP staff to the company on completion.

Aker BP Enters Drilling, Well Alliances with Halliburton, Maersk, Odfjell
Tuesday, November 21, 2017 Aker BP ASA enters into separate drilling and well alliance agreements.

Norwegian Production Increases
Tuesday, November 21, 2017 Norwegian production has increased month-on-month, according to the Norwegian Petroleum Directorate's preliminary output figures for October.

Machine Learning Engineers in Oil Will Become 'Bored' Without Quality Data
Tuesday, November 21, 2017 Machine learning engineers being hired into the oil and gas industry will become 'bored' if companies can't provide quality data for them to work on.

Poland's PGNiG Signs First Mid-Term Deal For LNG Supplies From US
Tuesday, November 21, 2017 PGNiG signs its first mid-term deal for LNG deliveries from the United States.

BiFab 'Secures' Future, Workforce
Monday, November 20, 2017 Burntisland Fabrications Limited (BiFab) 'secures' its future after reaching a 'financial solution' with its key stakeholders.

Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock
Monday, November 20, 2017 Can Norway dump $35B in oil and gas investments, and simultaneously convince that same industry to throw money into the country's own fossil-fuel future?

Shell, Bio-Bean Power London Buses with Coffee Ground Biofuel
Monday, November 20, 2017 Royal Dutch Shell plc and Bio-Bean team up to help power London buses with a biofuel made partly from waste coffee grounds.

Russia's Rosneft Signs Oil Supply Deal With Greece's Motor Oil
Monday, November 20, 2017 Rosneft and Greece's Motor Oil Hellas Corinth Refineries have signed a deal on mutual supplies of crude oil and oil products.

Siemens to Cut Almost 7,000 Jobs Worldwide
Friday, November 17, 2017 Siemens AG will cut around 6,900 jobs worldwide in its Power and Gas Division (PG), Power Generation Services Division (PS) and Process Industries and Drives Division (PD).

'Strong Opportunities' Available for Innovative Engineering Firms
Friday, November 17, 2017 There are still 'strong opportunities' available for engineering firms in the offshore oil and gas sector with the capacity to deliver fast, innovative projects.

NPD Grants Consent for Production Start Up of Maria Field
Friday, November 17, 2017 The Norwegian Petroleum Directorate (NPD) grants consent for the start-up of production from the Maria field in the Norwegian Sea.

London High Court Judge Rules In Favour Of Creditors In Dana Gas Sukuk Case
Friday, November 17, 2017 A High Court judge in London rules in favour of creditors in a case over the validity of the purchase undertaking for about $700 million of Islamic bonds issued by the UAE's Dana Gas.

German Gas Supplier VNG In Talks To Sell Norwegian Energy Business -Sources
Friday, November 17, 2017 German gas supplier VNG is in talks to sell a majority stake in its Norwegian Norge oil and gas business, which could fetch up to $500 million, 3 banking sources say.

Romania Closes One Case Against Russia's Lukoil, Related Trial Still On
Friday, November 17, 2017 Romanian prosecutors have decided to close a criminal case against Russia's Petrotel Lukoil refinery.

Norway's Oil Sell-Off Plan Is 'Shot Heard Around the World'
Friday, November 17, 2017 Norway's proposal to sell off $35B in oil and natural gas stocks brings sudden and unparalleled heft to a once-grassroots movement to enlist investors in the fight against climate change.

BiFab Workers Rally in Scotland
Thursday, November 16, 2017 BiFab workers and their families have rallied in Edinburgh, Scotland, to urge members of parliament to help staff at the energy services firm, which is facing the threat of administration.

New Oil & Gas UK Deal 'Good News' for Future Engineers
Thursday, November 16, 2017 UK offshore oil and gas industry trade body, Oil & Gas UK, strengthens its partnership with the Society of Petroleum Engineers' Aberdeen branch.

Wentworth Resources Relocating Head Office to London
Thursday, November 16, 2017 Wentworth Resources Limited is relocating its head office and executive management team from Calgary, Canada, to London, UK, as part of a 'restructuring process'.

New Aberdeen Oilfield Services Company Wins First Contract
Thursday, November 16, 2017 Aberdeen headquartered energy services firm Well-Safe Solutions has landed its first contract after launching in July.

BP Begins Share Buybacks As Years Of Austerity Pay Off
Wednesday, November 15, 2017 BP Plc will begin share buybacks, making it the first major European energy company to resume buybacks since the 2014 price slump.

Oil Market Conditions 'Continue to Improve'
Wednesday, November 15, 2017 Fundamental conditions in the oil market are continuing to improve, that is the key takeaway of research note sent to Rigzone recently by investment banking firm Jefferies.

UK CCS Sector Could Create Over 225,000 Jobs by 2060
Wednesday, November 15, 2017 The UK carbon capture and storage (CCS) industry could create more than 225,000 jobs in the region by 2060.

With Arctic Drilling Under Attack, Norway Oil Chiefs Fight Back
Wednesday, November 15, 2017 The man overseeing western Europe's biggest crude spigot is fighting back against the oil doubters.

Union Calls on Groups to 'Battle' for BiFab, Help 1,400 Workers
Tuesday, November 14, 2017 The GMB union urges the Scottish government and industry stakeholders to pull together and 'battle' for energy services firm BiFab, which is facing administration.

IEA: 'Too Early to Write Obituary of Oil'
Tuesday, November 14, 2017 The world's consumers are not yet ready to say goodbye to the era of oil.

BiFab Job Losses Would Be 'Hammer Blow' for Scottish Economy
Monday, November 13, 2017 UK union GMB say any loss of employment at Burntisland Fabrications (BiFab) would be a 'hammer blow' for the Scottish economy.

British Judge To Issue Ruling On $700MM Dana Gassukuk Case Soon
Monday, November 13, 2017 British High Court judge George Leggatt says he would not further adjourn a trial over about $700 million of outstanding Islamic bonds issued by United Arab Emirates firm Dana Gas.

Birth of Another LNG Giant Shows Majors' Edge Over Traders
Monday, November 13, 2017 Total's billion-dollar deal to buy LNG assets from Engie SA shows how much size matters in the industry.

Arctic Oil Drilling Under Attack as Norway Dragged to Court
Monday, November 13, 2017 A group of activists is trying to put a stop to Norway's Arctic oil exploration and forcing the country to defend itself in the first court case of its kind.

OPEC, NOPEC Agreement 'Unlikely' to Emerge in November Meeting
Friday, November 10, 2017 The chances of a coordinated statement between OPEC and its non-OPEC partners on an extension of production cuts is 'increasingly unlikely'.

Subsea 7 CEO Expects Market Improvement in 2018
Thursday, November 09, 2017 Jean Cahuzac, the CEO of oilfield services company Subsea 7, is optimistic that the market environment will improve in early 2018.

Hurricane Looks for Appropriate Growth Platform, Considers Premium Listing
Thursday, November 09, 2017 Directors believe a premium listing could provide the company with 'a more appropriate platform for its growth'.

Statoil Celebrates Opening of Valemon Remote Control Room
Thursday, November 09, 2017 Statoil celebrates the opening of the Valemon control room at Sandsli in Bergen on Thursday, which will be used to operate the first remote controlled platform in the company's portfolio.

Consortium to Deploy up to $47 Million to Advance Offshore Energy Tech
Thursday, November 09, 2017 A consortium of 5 universities, working with 31 industrial and innovation partners, will deploy up to $47 million of support to advance offshore energy technology.

Russia's Tatneft Says Not In Talks To Sell Entire Company Or Its Part
Thursday, November 09, 2017 Tatneft, Russia's mid-sized oil producer, has not been in any kind of talks and does not plan to hold any discussions on selling a part or the entire company, it said in emailed reply to Reuters on Thursday.

UK To Provide Saudi Aramco With $2B Credit Guarantees
Thursday, November 09, 2017 Britain's government says it will provide Saudi Aramco with $2 billion in credit guarantees so that the Saudi energy giant can buy goods and services from Britain more easily.

Ex-SBM Executives Plead Guilty In US To Petrobras Bribe Charges
Thursday, November 09, 2017 Two former executives at SBM Offshore NV have pleaded guilty to US charges.

Total Primary Energy Demand to Increase by 35%
Wednesday, November 08, 2017 Energy demand is on the rise, according to the 2017 World Oil Outlook report.

Wednesday, November 08, 2017 SIMMONS EDECO opens a new base in Denmark following UK office expansion.

OPITO Launches Digital Safety Training Option
Wednesday, November 08, 2017 OPITO delivers digital safety training to help attract next generation of workers.

Minister: Norway Expects 5-10 New Oil, Gas Field Development Plans in 2018
Wednesday, November 08, 2017 Oil firms will probably file between five and ten applications to develop new oil and gas fields off Norway in 2018.

UK's Tullow Oil Lifts Outlook On Higher Crude Prices, Output
Wednesday, November 08, 2017 Tullow Oil raised its production targets on Wednesday thanks to higher output from its flagship West African fields.

National Subsea Research Initiative Recruiting for New Director
Tuesday, November 07, 2017 NSRI is on the lookout for a new director.

Chrysaor Chooses RiskPoynt for Operational Risk Management
Tuesday, November 07, 2017 Chrysaor teams up with RiskPoynt for an operational risk management solution.

Shipping Firm CMA CGM Chooses LNG To Power New Vessels
Tuesday, November 07, 2017 CMA CGM says that it would use LNG to power nine extra-large vessels it has ordered.

BP, Shell Lead Plan For Blockchain-Based Energy Trading Platform
Monday, November 06, 2017 A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018.

QA Weld Tech In Largest Apprentice Intake in 35 years
Monday, November 06, 2017 UK welding and engineering solutions provider, QA Weld Tech, adds to its team of fully qualified and experienced engineers.

Former Shell Chair Takes On New Role at Oil, Gas Consultancy
Monday, November 06, 2017 Former Shell UK chair and chief executive Sir Bob Reid is to take up a new role as non-executive director of Belltree, a specialist oil and gas consultancy based in Edinburgh.

Shell Looks Beyond Road Fuels to Secure Future of Refining
Monday, November 06, 2017 Shell has in recent years transformed its downstream business.

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