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Regional News: Europe & Russia

 
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OMV Posts Higher 3Q Output Helped by Libya, Norway
Monday, October 20, 2014 Austria's OMV raises production by five percent during the third quarter thanks to progress in Libya and Norway.

Songa Offshore Rig Suffers Engine Failure
Monday, October 20, 2014 Drilling firm Songa Offshore says its Songa Dee rig has suffered an engine failure.

Wressle-1 Well Confirms Potential Hydrocarbon-Bearing Zones
Monday, October 20, 2014 The Wressle-1 exploration well, onshore UK, confirms the presence of potential hydrocarbon-bearing zones in three separate intervals.

Russia's Gazprom Neft Sees Oil Price Returning To $95-110 Per Barrel
Friday, October 17, 2014 Gazprom Neft says it does not see a fall in the oil price as a long-term trend.

Petrofac Enjoys Most Successful Year for New Contracts
Friday, October 17, 2014 Petrofac is in line to make a profit of at least $580 million in 2014 after its most successful year for new awards.

  



Rosneft Says Projects Economically Viable Even If Oil Price Slips Further
Friday, October 17, 2014 Rosneft says the recent fall in oil prices is not critical for the company and it sees "no reason for concern".

Ophir CFO to Leave Company in Cost-Saving Move
Friday, October 17, 2014 Ophir Energy's CFO will leave the company on November 19 as part of a cost-saving reorganization.

If RWE Unit Sale to Fridman Falters, Hungary's MOL Still Keen
Thursday, October 16, 2014 MOL Group says it is still interested in buying RWE's DEA unit which holds 190 oil and gas licenses in Europe, the Middle East and North Africa if its sale to Russian billionaire is not approved.

Det Norske Completes Marathon Oil Norge Acquisition
Thursday, October 16, 2014 Det norske oljeselskap completes its acquisition of Marathon Oil Norge, with its chief executive stating there would be no redundancies as a result of the takeover.

ExxonMobil Votes With Feet To Stay In EU As Energy Laws Loom
Thursday, October 16, 2014 ExxonMobil is pouring $1 billion into an EU refinery, setting aside concerns about EU green energy rules that will cut demand for oil.

Statoil's CEO Quits For Top Job At BG Group
Wednesday, October 15, 2014 Statoil Chief Executive Helge Lund unexpectedly resigned to take the top job at smaller rival BG Group, the firms say in separate statements.

Russia's Transneft Says Halts Oil Flows Via Flawed ESPO Pipeline
Wednesday, October 15, 2014 Russia's Transneft halts oil supplies via its ESPO pipeline until Friday due to work aimed at removing a 'flaw'.

Gazprom Neft Expands in Orenburg Region of Russia
Wednesday, October 15, 2014 Gazprom Neft completes the acquisition of OOO Yugra-Intek, giving it a license to produce oil in the Kuvaisky licensing area of the Orenburg region of southern Russia.

Norwegian Seismic Surveyor PGS Warns on Profit
Wednesday, October 15, 2014 Norway's PGS cuts its 2014 earnings guidance again due to worsening demand from oil companies.

Lundin Strikes Oil in Barents Sea
Tuesday, October 14, 2014 Lundin finds up to 400 million barrels of recoverable oil equivalent at its Alta well in the Barents Sea.

Rosneft Subsidiary Conducts Record Fracturing Op at Urengolskoe Field
Tuesday, October 14, 2014 Rosneft reports that its Rospan International subsidiary has carried out a record hydrofracturing operation on its Urengolskoe field, onshore Russia.

OMV CEO Roiss To Go In Mid-2015 In Management Revamp
Tuesday, October 14, 2014 OMV CEO Gerhard Roiss will leave the Austrian energy group as of mid-2015 - nearly two years ahead of schedule.

Oil Producer Afren Fires CEO, 3 Other Execs In Scandal
Tuesday, October 14, 2014 Afren sacks its chief executive, chief operating officer and two associate directors after an independent review into unauthorized payments found evidence of "gross misconduct".

IEA Sees 2015 Oil Demand Growth Much Lower, Supply Hitting Prices
Tuesday, October 14, 2014 Demand for oil in 2015 will grow far slower than previously forecast as global economies remain weak, the IEA says.

Russia's Gazprom Says 2Q Net Profit Up 13%
Tuesday, October 14, 2014 Gazprom says its 2Q net profit was up 13% to $5.6 billion boosted by foreign exchange gains but still short of analysts expectations.

Sound Oil Signs Gas Sales Agreements
Monday, October 13, 2014 Italy-focused Sound Oil signs gas sales agreements for two fields, and agrees a deal to purchase land for its Badile exploration well.

Russian Oil Shift East Accelerates, Dictated by Politics
Monday, October 13, 2014 Russia is diverting more of its crude oil east with deliveries to China hitting a new record in September.

Norway's Statoil Makes Small Gas Find in Arctic
Friday, October 10, 2014 Statoil makes a small gas discovery in the Arctic near its Johan Castberg oil discovery.

Saipem, Xodus and Chiyoda Launch New Firm to Tap Growth in Subsea Market
Friday, October 10, 2014 Saipem, Xodus and Chiyoda establish Xodus Subsea to tap growth in the subsea engineering market.

OMV Board Panel Recommends Cutting Short CEO Contract
Thursday, October 09, 2014 OMV CEO Gerhard Roiss and the head of the company's gas division may see their tenures cut short before they run out in 2017, according to an Austrian newspaper.

Lego To Drop Shell Contract But Criticizes Greenpeace
Thursday, October 09, 2014 Lego criticizes Greenpeace's actions towards Shell and does not give a concrete reason for not renewing the contract.

IGas Plans Third UK Shale Gas Drill Next Month
Thursday, October 09, 2014 UK shale gas explorer IGas plans to drill its third well next month in the northwest of England.

Gazprom Deal On Track, Wintershall Says After Miller Comments
Thursday, October 09, 2014 Wintershall says a major gas trading and storage deal with Gazprom remains on track after comments by the boss of the Russian company led to speculation the deal may be altered.

Norwegian Shipping Tycoon Plans To Merge Dry Bulk Shipping Assets
Wednesday, October 08, 2014 John Fredriksen plans to merge his dry bulk shipping arms Golden Ocean and Knightsbridge Shipping in an attempt to fight off a downturn in the sector and create one of its biggest fleets.

Russia's Lukoil Launches Siberian Oilfield As Sanctions Bite
Wednesday, October 08, 2014 Lukoil launches an oilfield in western Siberia ahead of schedule, a major step in its drive to prop up falling production and to weather US sanctions over Ukraine.

Govt: Norway's New Oil Developments Suffer Cost Blowouts
Wednesday, October 08, 2014 Several key oil and gas developments in Norway will cost much more than earlier expected and fields with approved development plans are now seen 10% more expensive than originally planned.

Interview Tips for Getting that Oil, Gas Job
Wednesday, October 08, 2014 Rigzone talks to five recruitment professionals who work in the oil and gas industry about the dos and don'ts of interviewing for a job in the sector.

Gazprom Output To Rise 5% In 2015 After Fall This Year
Tuesday, October 07, 2014 Russia's Gazprom expects its gas output to increase by around five percent in 2015, after this year's production is expected to fall to an all-time low.

Faroe Wins Irish Licensing Options
Monday, October 06, 2014 Faroe Petroleum wins three licensing options from the Irish government covering a shallow water area off the southern coast of Ireland in the Celtic Sea.

Eni Review Raises Questions about 'Age of Gas'
Monday, October 06, 2014 Growth in global oil demand outstrips that of gas, according to Eni oil and gas review for 2013.

Gazprom Neft Says Shell Suspends Russian Tight Oil Project
Friday, October 03, 2014 Shell is suspending development of hard-to-recover oil in Russia's Bazhenov formation with Gasprom Neft after the West imposed sanctions on Russia.

Kommersant: Russia's Lukoil Sells its Stake in Venezuela Project to Rosneft
Friday, October 03, 2014 Lukoil sells its 20-percent state in a consortium developing a large oil project in Venezuela to its Russian peer, Rosneft.

Foreign-Owned Projects Boost Russian Oil Output in Sept
Thursday, October 02, 2014 Foreign-led projects lifted Russian oil output last month to within reach of a post-Soviet record, showing the potential in the country's existing fields, which are largely unaffected by Western sanctions over Ukraine.

Oil Exploration Makes A Tentative Return To Alsace Region
Wednesday, October 01, 2014 Sustainably high oil prices have lured small oil explorers back to Alsace, the cradle of the French oil exploration industry that gave birth to corporate giants such as Schlumberger.

Greece Expects To Sign Major Oil Test Drilling Contracts By October 2015
Wednesday, October 01, 2014 Greece expects to sign contracts for the first large-scale oil test drilling in its western and southern waters by October 2015, ministry officials say.

LRE Releases Survey Findings on Innovation, Investment in O&G Sector
Tuesday, September 30, 2014 Lloyd's Register Energy releases the findings from an oil and gas survey to assess the impact of innovation and investment by operators in America, Europe and Asia.

Penspen Acquires DPS Engineering, Gains Access to FPSO Market in Asia
Tuesday, September 30, 2014 Penspen acquires the engineering division of DPS Group to grow its business, especially in the floating production storage and offloading construction market in Asia Pacific.

Merkel Says May Be Necessary To Rethink EU Energy Partnership With Russia
Monday, September 29, 2014 German Chancellor Angela Merkel says there were good reasons to continue EU's energy partnership with Russia for the time being but that might change.

Kommersant: ExxonMobil Suspends Cooperation with Rosneft on Arctic Project
Monday, September 29, 2014 ExxonMobil is suspending cooperation with Rosneft on offshore drilling in the Arctic due to sanctions, Kommersant reports, citing unnamed sources.

Coming Change in UK Drilling Laws a Benefit to Oil, Gas Producers
Friday, September 26, 2014 A likely change in fracking laws could save producers money and speed-up the extraction process.

Russia Moves To Take Control Of Oil Firm From Billionaire
Friday, September 26, 2014 Russia moves to take control of an oil company from oligarch Vladimir Yevtushenkov.

San Leon Spuds Kety Well in Bestwina Concession in Poland's Karpaty Area
Friday, September 26, 2014 San Leon Energy spuds the Kety exploration well in Bestwina concession the Karpaty area, Poland.

Statoil Halts Aasgard A Production Due To Bad Weather
Thursday, September 25, 2014 Statoil shuts production at its Aasgard A field in the Norwegian Sea due to bad weather and expects production to resume shortly, spokesman Morten Eek says.

Semco Receives Orders for Equipment, Upgrade of 2 Jackups, 1 Semisub
Wednesday, September 24, 2014 Semco Maritime receives orders for equipment and upgrading of two Prospector Drilling's jackups and the Norwegian-operated Songa Dee semisub.

Denmark's Maersk Drilling CEO Sees Slow Deepwater Rig Market In 2014, 2015
Wednesday, September 24, 2014 Maersk Drilling Chief Executive Claus Hemmingsen talks at the sidelines of AP Moller-Maersk's annual capital markets day.

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