Regional News: Europe & Russia

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Russia's Lukoil says 3Q Net Profit Falls 62%, Below Forecast
Monday, November 30, 2015 Lukoil's 3Q net profit falls by around 62% year-on-year to $623 million, missing a $922 million analysts' forecast in a Reuters poll.

Study: DNV GL Reveals Top 10 Cyber Security Threats on NCS
Monday, November 30, 2015 DNV GL conducts a study revealing the top 10 biggest cyber security threats for companies operating offshore Norway.

Oil & Gas UK Appoints New Board Members
Monday, November 30, 2015 Oil & Gas UK makes a number of new appointments to its board.

More Russian Oil Drilling Shows its Resolve to OPEC
Monday, November 30, 2015 Russian oil firms are drilling more, showing the world's top crude producer is ready for a longer fight for market share with OPEC.

Edvard Grieg Field Begins Production
Monday, November 30, 2015 The Edvard Grieg oil field, located in the Norwegian North Sea, begins production.


NPD Grants Lundin Drilling Permit for Well 16/4-10
Monday, November 30, 2015 The Norwegian Petroleum Directorate grants Lundin Norway AS a drilling permit for well 16/4-10, located in production license 544 offshore Norway.

Struggling Oil Services Urged to Act as Capital Squeeze Looms
Friday, November 27, 2015 Oil service companies struggling with a slump in demand will need to act fast to bolster their balance sheets and make deals before capital becomes scarce, Norway's largest bank says.

University of Manchester Students Reach UPPP Top 10
Friday, November 27, 2015 A team of students from the University of Manchester in the UK reaches the top 10 of MOL Group's global oil and gas student competition, UPPP.

European Oilfield Services: More Pain to Come before Sector Recovers
Friday, November 27, 2015 Rigzone takes a look at some of Europe's major oilfield services firms for clues about how the sector is coping with the downturn.

UK Uses New Powers to Rule on Cuadrilla Shale Gas Permits
Friday, November 27, 2015 The UK will use new powers to determine whether to allow shale gas firm Cuadrilla Resources to carry out fracking at two sites in northwest England.

Wintershall Joins 'Zero Routine Flaring by 2030' Initiative
Friday, November 27, 2015 Wintershall joins World Bank's international initiative to end the worldwide flaring of associated gas during oil production by 2030.

Ten People, Including Rosneft Workers, Killed in Helicopter Crash in Siberi
Thursday, November 26, 2015 Employees of Russian oil giant Rosneft are included among the victims of a helicopter crash in Siberia.

Aker Solutions Wins Maintenance Contract with BP
Thursday, November 26, 2015 Aker Solutions secures a framework agreement to provide maintenance and modifications services at BP-operated oil and gas fields offshore Norway.

Sustainable Gas: The Key to a Lower Carbon Future?
Thursday, November 26, 2015 Imperial College London's Sustainable Gas Institute is looking at exactly how natural gas can play a part in reducing Mankind's carbon emissions.

Rosneft Posts YOY Income Decrease
Wednesday, November 25, 2015 Rosneft posts a net income of $5.3 billion in the nine month period ended September 30, which marks an 11.7% decrease from the $6 billion income registered during the same period last year.

Total to Raise $1.2 Billion of New Debt Financing
Wednesday, November 25, 2015 Total is raising approximately $1.2 billion of new debt financing, which it intends to use "for general corporate purposes", according to a company statement.

Eastern Europe Focused Energy Firms Increase CAPEX
Tuesday, November 24, 2015 Nostrum Oil & Gas and PJSOC Bashneft increase capital expenditure in 9M 2015, bucking the trend of CAPEX reduction among energy firms amid the current lower oil price.

Lukoil Predicts its Russian Output Will be Unchanged Next Year
Tuesday, November 24, 2015 Oil producer aims to maintain output in Russia at this year's level of 86-to-87 million tons before increasing it by up to two million tons in 2017.

Lundin Spuds Ornen Prospect Well in Barents Sea
Tuesday, November 24, 2015 Lundin Norway AS commences the drilling of exploration well 7130/4-1, located on the Ornen prospect in the southern Barents Sea.

Seadrill Posts Operating Loss, Increases Cost Savings Target
Tuesday, November 24, 2015 Following an operating loss of $291 million in 3Q 2015, Seadrill Limited increases its cost savings target for the year to $600 million.

Russia's Gazprom Neft to Quadruple Exports from Prirazlomnoye, Novoport
Tuesday, November 24, 2015 Gazprom Neft says it will quadruple oil exports from its Prirazlomnoye and Novoport fields in Russia during 2016.

The Upstream Investment Outlook of European Oil, Gas Firms
Tuesday, November 24, 2015 Rigzone looks at the current state of upstream investment among European oil and gas firms.

Sound Energy: Estimated Badile Well Costs Reduced
Tuesday, November 24, 2015 Sound Energy takes advantage of the lower oil price environment to reduce the estimated cost of the upcoming Badile exploration well by $5.3 million.

Statistics Norway: Number of Active Rigs on Norwegian Shelf to Fall in 2016
Tuesday, November 24, 2015 The number of active rigs on the Norwegian Shelf is expected to decrease in 2016 due to low oil prices and operator processes to cut rig costs, according to a new survey by Statistics Norway.

Gazprom Neft Posts YOY Revenue Drop, Production Increases
Monday, November 23, 2015 Gazprom Neft PJSC posts a year on year revenue decrease and production increase in the first nine months of 2015.

Poland's PGNiG Eyes Iran's Oil and Gas Market
Monday, November 23, 2015 Polish gas distributor is looking at various options in oil and gas exploration and production in Iran.

Q&A: The State of Graduate Recruitment in Oil, Gas
Monday, November 23, 2015 Rigzone examines the efficacy of MOL's new Uppp talent acquisition program and highlights the state of graduate recruitment in the wider oil and gas industry.

Statoil CEO: Oil, Gas Will Remain 'Critically Important' Through to 2040
Monday, November 23, 2015 Statoil CEO Eldar Saetre says oil and gas will remain "critical important" energy resources through to 2040 in Oslo speech.

TGS Crunches Offshore Portuguese Shelf 2D Data
Monday, November 23, 2015 TGS is currently carrying out the broadband reprocessing of 14,196 miles of 2D seismic data offshore Portugal.

Statoil Receives Consent to Drill North Sea Well
Monday, November 23, 2015 The Petroleum Safety Authority Norway grants Statoil consent to drill exploration well 30/89 S, located on the Oseberg field in the North Sea.

UKOG Completes PEDL143 Farm-in
Monday, November 23, 2015 UK Oil & Gas Investments plc completes a farm-in agreement with Warwick Energy Exploration and Production Limited to acquire a further 10% interest in the onshore UK Weald Basin license, PEDL143.

Eni Sells Remaining Stake In Galp
Friday, November 20, 2015 Eni has sold its remaining 4% stake in Portugal's Galp Energia raising $348 million, Eni said.

Parkmead: First Gas Production from Diever West
Friday, November 20, 2015 Parkmead Group reveals that first commercial gas production has been achieved at the Diever West gas field in the Netherlands.

Scant Signs Of Russia-OPEC Output Cut Deal Ahead Of Vienna Meeting
Friday, November 20, 2015 There is little likelihood Russia will work with OPEC on cutting oil output ahead of or on the sidelines of a meeting of the exporter group in Vienna next month, officials and industry insiders say.

Aptomar Secures Monitoring Services Contract with OMV
Thursday, November 19, 2015 Aptomar signs a 3 year frame agreement with OMV Norway to deliver integrated field monitoring services for the operator's future drilling activities.

Plan For Norway's Zidane Field May Be Presented In Summer 2016
Thursday, November 19, 2015 A plan for developing Norway's Zidane natural gas field could be presented in the second or third quarter of 2016, according to an OMV representative.

Advancements in Video Tech 'Increasing' Safety in Oil, Gas
Thursday, November 19, 2015 Advancements in video technology are increasing the level of safety in the oil and gas industry, according to Adrian Fielding, senior manager for industrial security solutions at Honeywell Process Solutions.

Oil, Gas Cyber Attacks Increasing
Thursday, November 19, 2015 Cyber attacks in the upstream oil and gas sector are increasing, according to Eric Knapp, the global director of cyber security solutions and technology for Honeywell Process Solutions.

Rawicz-15 Development Well Spud in Poland
Thursday, November 19, 2015 San Leon Energy reports that the Rawicz-15 development well, onshore Poland, has spud.

Shell To Decide On Ormen Lange Subsea Compression In 2016
Thursday, November 19, 2015 Shell plans to decide next year whether to resume installing subsea compressors at its giant Ormen Lange field offshore Norway, after stopping the project last year to save costs.

Demand for Oil, Gas Automation Software in Decline
Wednesday, November 18, 2015 Demand for automation software in the upstream oil and gas industry is currently in decline, according to Ali Raza, the vice president and general manager of advanced solutions at Honeywell Process Solutions.

Safety Risks Prompt Dutch Court To Order Cuts At Groningen Gas Field
Wednesday, November 18, 2015 A Dutch court orders more cuts in gas production at Groningen, Europe's largest gas field, due to stronger and more frequent earthquakes.

Plunge In Norway's Oil Investments Could Hurt Economy
Wednesday, November 18, 2015 Investments in Norway's oil and gas sector will drop by almost 40% from 2014 to 2017, an industry lobby group predicted.

Oil, Gas Industry Welcomes UK Government's Pro-Gas Energy Policy
Wednesday, November 18, 2015 Oil & Gas UK and UKOOG welcome Energy Secretary Amber Rudd's plan to see natural gas play a central part in the future of power generation in the UK.

UK North Sea Oil Decommissioning Costs Set to Rise
Wednesday, November 18, 2015 The cost of dismantling oil production facilities in the UK North Sea over the next decade will be higher than previously forecast, according to a group representing the British industry.

OGA Approves UKOG Acquisition of Weald Basin License
Wednesday, November 18, 2015 The UK's Oil & Gas Authority gives UKOG consent to acquire a 20-percent interest in UK onshore Weald Basin license PEDL143.

Maersk Oil Says It Has Several Billions Of Dollars For Acquisition Drive
Tuesday, November 17, 2015 Maersk Oil has several billion dollars to buy new licences, oil-producing fields or even launch a corporate takeover, the company's Chief Operating Officer told Reuters.

Russia to Put Last Large West Siberia Oilfield Up for Sale
Tuesday, November 17, 2015 The Russian government is to sell its last remaining large oilfield in West Siberia early next year, the Natural Resources Ministry says.

Total Steps Up Security Measures After Terror Attacks in Paris
Tuesday, November 17, 2015 Total steps up security measures after terrorist attacks left more than 129 dead in Paris.

Rockhopper Achieves First Gas from Civita Field in Italy
Monday, November 16, 2015 Rockhopper Exploration achieves its first gas production into the Italian network from its Civita field, onshore Italy.

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