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Regional News: Europe & Russia

 
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Russia's Sole Offshore Arctic Field To Double Oil Output In 2015
Friday, April 24, 2015 Gazprom Neft plans to more than double oil output this year at the Prirazlomnoye field, Russia's sole Arctic offshore oil project.

Sound Oil Begins Drilling Second Nervesa Well
Friday, April 24, 2015 Onshore Italy-focused Sound Oil begins the drilling of a second well on its Nervesa gas field.

Drone Alone: Unmanned Aircraft in Oil, Gas Inspection
Friday, April 24, 2015 Rigzone looks at how drones are being used to replace human beings for upstream oil and gas inspection work.

Betting on Oil Price Recovery, Statoil Snips Where Rivals Slash
Thursday, April 23, 2015 Statoil cuts investments less than any other oil major this year, positioning for a crude price recovery.

TGS's Revenues Fall Due to Decline in Seismic Data Services
Thursday, April 23, 2015 TGS-Nopec reports a fall in first quarter revenues, reflecting a deterioration in demand for seismic data as energy companies reduce exploration spending.

  



Technip Sees Onshore/Offshore Lagging in 2015, Better Subsea
Thursday, April 23, 2015 Technip strikes a less optimistic tone for its onshore/offshore division, as reduced investments by oil company clients continued to hurt, although its subsea division was seen outperforming this year.

Ex-BP Chief Sees Oil Bull Market Sooner than Many Expect
Wednesday, April 22, 2015 Former BP CEO Tony Hayward says low crude prices will trigger consolidation in the oil industry but a new bull market might arrive sooner than expected.

Lundin Says 1Q Profitability Affected by Exploration Costs, FX Losses
Wednesday, April 22, 2015 Sweden's Lundin Petroleum says its profitability for the first quarter of 2014 will be adversely affected by exploration costs and a foreign currency exchange loss.

European Majors Team Up to Explore Arctic
Tuesday, April 21, 2015 Statoil and Eni form BaSEC (Barents Sea Exploration Collaboration) to solve operational issues connected to exploring the Barents Sea for hydrocarbons.

BP Readies Defenses as Oil Industry Responds to Shell's BG Raid
Tuesday, April 21, 2015 As the oil industry takes stock of Shell's $70 billion move for BG, one company has more to chew on than most. BP is now thinking what was once unthinkable: that it could be next in the cross-hairs.

Transocean Names New CEO
Tuesday, April 21, 2015 Transocean announces that Jeremy D. Thigpen has been named President and Chief Executive Officer effective April 22.

Britain Orders Sale Of Russian Billionaire Fridman's North Sea Fields
Monday, April 20, 2015 Britain orders Russian billionaire Mikhail Fridman to sell his North Sea gas fields within six months.

Lundin Appoints New Operations VP
Monday, April 20, 2015 Sweden's Lundin Petroleum appoints Nick Walker to head development and operations.

Nervesa Gas Field Gets Environmental OK
Friday, April 17, 2015 Sound Oil says it is set to receive the go-ahead to produce from its Nervesa gas field in northern Italy after getting environmental approval from the Veneto region.

Seadrill Unit's Deal with Russia's Rosneft Postponed Again
Friday, April 17, 2015 Seadrill subsidiary North Atlantic Drilling delays closing a cooperation deal with Rosneft amid western sanctions against Russia.

OPEC Oil Output Surge Boosts Surplus, Despite Higher Demand
Thursday, April 16, 2015 OPEC says its oil output surged in March, adding to a global glut, despite more evidence that the producer group's strategy of letting prices fall to hurt other producers is taking effect.

TGS, Dolphin Agree Barents Sea 3D Seismic Survey
Thursday, April 16, 2015 Norway's TGS signs a deal with Dolphin Geophysical to acquire around 1,675 square miles of 3D seismic data in the western Barents Sea.

Total, BP Feel No Pressure To Make Acquisitions After Shell
Thursday, April 16, 2015 France's Total and British rival BP say they aren't under pressure to make acquisitions after Shell's recent takeover of BG Group.

Transocean Names Interim CEO, Speculation About Board Chairman
Thursday, April 16, 2015 Transocean is moving its board chairman into an interim CEO role; former chief at National Oilwell Varco, Pete Miller, is expected to take over as chairman at May investors meeting.

Bumi Armada Lands $300M LNG FSU Contracts for EGM in Malta
Wednesday, April 15, 2015 Bumi Armada's subsidiaries ink $300 million contracts to supply, operate and maintain a liquefied natural gas floating storage unit for ElectroGas Malta.

Europa 'Poised' for Increased Production
Wednesday, April 15, 2015 Europa Oil & Gas says it is "poised" to see an increase in production, revenue and cash flow in spite of the low oil price.

Statoil Board Member Resigns to Avoid Conflict of Interest
Wednesday, April 15, 2015 Catherine Hughes resigns from Statoil's board to avoid potential conflict of interest after "a recent change of circumstances".

Sakhalin-1 Sets New Extended Reach Drilling Record
Tuesday, April 14, 2015 Sakhalin-1 Consortium drills the world's longest well at the Chayvo field in the Russian Far East.

Dutch Court Does Not Order Production Halt at Groningen Gas Field
Tuesday, April 14, 2015 A Dutch high court says it will not order a complete halt to gas production at the Groningen gas field.

Seismic Firm TGS to Cut 10th of Workforce, Slashes Guidance
Monday, April 13, 2015 Norwegian seismic survey firm TGS to lay off a 10th of its workforce as energy companies slash spending.

Dutch Court Will Rule in Groningen Gas Suit on Tuesday
Monday, April 13, 2015 A Dutch court plans to issue a provisional ruling tomorrow in a lawsuit challenging the government's gas production policy at the Groningen gas field.

Statoil Makes Gas Find Near Aasta Hansteen Field
Monday, April 13, 2015 Statoil makes another gas find near its Aasta Hansteen field in the Norwegian Arctic, further raising the gas resource in one of its biggest ongoing projects.

UKOG Completes Purchase of Markwells Wood License
Monday, April 13, 2015 UK Oil & Gas reports the completion of the acquisition of a 40-percent interest in the PEDL126 license in southern England, which contains the Markwells Wood oil discovery.

Shell Needs to Go Beyond Oil Price Bet in BG Deal
Friday, April 10, 2015 The 50-percent premium Shell is paying for BG Group says a lot about Shell's expectations for a swift recovery in oil prices.

C.A.T. Oil Asks Prosecutors to Look into Former Execs
Friday, April 10, 2015 C.A.T. Oil asks Austrian prosecutors to look into a suspected breach of trust by former members of its board.

Fire at Rosneft Refinery Kills One, Output Unaffected
Friday, April 10, 2015 A fire breaks out at the Angarsk refinery in east Siberia, Rosneft reports.

Exillon Sees Decline in Production during March
Friday, April 10, 2015 Russia-focused junior oil producer Exillion Energy reports a fall in its average production.

Russia's Rosneft Keeps Options Open for Rig Contract in Kara Sea
Thursday, April 09, 2015 Rosneft is keeping its options open in a search for a rig to restart exploration work in the Arctic next year, the firm says.

Southern England 'Brimming' with Onshore Oil
Thursday, April 09, 2015 Analysis by petrophysical firm Nutech of a well in southern England suggests the region could be brimming with onshore oil.

Shell, BG Merger Will Require Cost Savings to Work
Wednesday, April 08, 2015 Shell's $70-billion offer to buy out BG Group will involve job cuts in order to make the merger work financially.

Learning Mandarin In The Tundra: Russia Invites China Into Oil Business
Wednesday, April 08, 2015 Russia's freezing north has never been the most welcoming place for foreign travelers, and its onshore oil riches have always been state secrets.

Centrica: Gas Outage at Britain's Barrow Terminal Resolved
Wednesday, April 08, 2015 Gas flows into the UK's Barrow terminal resume after falling close to zero.

Total's CEO To Visit Russia's Yamal LNG Project
Wednesday, April 08, 2015 Total's chief executive will travel this week to northwest Siberia to visit Russia's showcase $27 billion Yamal gas project in which the French oil major owns a 20 percent stake, a Total spokeswoman says.

Afren Board Agrees on New CEO
Tuesday, April 07, 2015 Afren's board agrees in principle to appoint Alan Linn as the firm's new chief executive.

BG Group Confirms Possible Offer By Shell
Tuesday, April 07, 2015 BG Group confirms it was in advanced talks with Shell regarding a possible offer by Shell to buy the gas producer.

Gas Imports into Britain's North Morecambe Sub-Terminal Shut
Tuesday, April 07, 2015 Gas deliveries into the UK's North Morecambe sub-terminal are shut due to an unexpected outage.

Rigzone Survey Indicates Continued Scale Back in Hiring
Tuesday, April 07, 2015 Rigzone's latest global hiring survey indicates a continued scale back in hiring due to market uncertainty

2015 ONS Norway Show Cancelled
Tuesday, April 07, 2015 Norway's biggest oil and gas exhibition is cancelled amid 'low oil prices, low activity and great uncertainty in the industry'.

Gazprom, PetroVietnam to Work on Pechora Sea Shelf's Upstream Projects
Tuesday, April 07, 2015 Gazprom and PetroVietnam sign an agreement to collaborate on upstream oil and gas projects on Russia's Pechora Sea shelf.

Russia's Gazprom Says No Delays In Gas Deliveries To China
Monday, April 06, 2015 Russian natural gas will start flowing to China in 2019 as planned but construction of the pipeline carrying it will not be fully completed until 2022, a Gazprom spokesman says.

Russia's Gazprom Says Arbitration Case Against Lithuania No Longer Relevant
Friday, April 03, 2015 Gazprom says that an arbitration case it launched against Lithuania in 2012 was no longer relevant since it had sold the assets that were the subject of the court case.

Eni Designates Stefano Cao As New Saipem CEO
Thursday, April 02, 2015 Stefano Cao was designated chief executive of Italian oil contractor Saipem by the company's main shareholder Eni.

Russian Oil Output In March Hits New Post-Soviet High
Thursday, April 02, 2015 Russia's oil output increased .6% in March to a post-soviet high of 10.7 million barrels per day on greater production at Gazprom and Rosneft.

Tight Oil Seen Driving Gazprom Neft Hydrocarbon Output Higher In 2015
Thursday, April 02, 2015 Gazprom Neft expects to ramp up hydrocarbon production this year thanks to new projects and unconventional oil, a deputy head of the company says.

Germany Sets Very High Bar For Fracking
Wednesday, April 01, 2015 German Chancellor Angela Merkel's cabinet signs off on a draft law that imposes an effective ban on fracking.

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