Regional News: Europe & Russia

 
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DNV Appoints New CEO, Who Warns of Tough Times
Thursday, May 28, 2015 Remi Eriksen, the newly-appointed CEO of offshore safety assessment business DNV, says the firm sees challenging market developments.

Drone Inspection Firm Sky Futures Wins New Investment
Thursday, May 28, 2015 Oil and gas inspection firm Sky Futures wins an investment of up to $1 million for its drone-based inspection technology from San Francisco investor Airware.

NPD Grants Det Norske Drilling Permit for Ivar Aasen Field
Thursday, May 28, 2015 The Norwegian Petroleum Directorate grants Det Norske Oljeselskap a drilling permit for well 16/1-22 A in the Ivar Aasen field.

No. 2 Offshore Oil Driller Seadrill Sees Industry Pain Through 2016
Thursday, May 28, 2015 The world's second biggest offshore oil driller, Seadrill, predicts years of pain for the global rig market.

New UK Energy Bill Gives Oil and Gas Authority More Powers
Wednesday, May 27, 2015 Details of a new UK Energy Bill, released to coincide with the Queen's Speech Wednesday, reveal that the new Oil and Gas Authority will be given widespread powers.

  


Norway Has More Oil than a Decade Ago
Wednesday, May 27, 2015 Current recoverable oil on the Norwegian Continental Shelf exceeds the estimated figure for 2005, the Norwegian Petroleum Directorate reports.

Transocean Appoints Mey as New CFO
Wednesday, May 27, 2015 Esa Ikaheimonen is stepping down as Transocean's executive vice president and chief financial officer effective immediately.

Atlantic Petroleum Withdraws from Gymir Prospect in Norwegian Sea
Wednesday, May 27, 2015 Atlantic Petroleum announces that it is withdrawing from the Gymir prospect on License PL602 in the Norwegian Sea.

How Russia Was Warned Against Oil Output Cut As Prices Dived
Wednesday, May 27, 2015 As Russia prepares to meet OPEC, a briefing paper from a Moscow think tank sheds light on how the government was warned against cutting oil output even though global prices were plummeting.

Providence Resources Reports $12 Million Loss in 2014
Wednesday, May 27, 2015 Providence Resources reports a loss of $12.4 million dollars in its preliminary results for the year ended December 31, 2014.

Seismic Firm TGS Appoints New CFO
Wednesday, May 27, 2015 Seismic survey firm TGS appoints Sven Børre Larsen as its new chief financial officer.

Rosneft Rings Management Changes
Tuesday, May 26, 2015 Rosneft makes a series of appointments designed to enhance the firm's management structure.

Romania to Send Oil and Gas Royalty Tax Law to Parliament in September
Monday, May 25, 2015 Romania's government will send a draft law on royalty taxes for the oil and gas sector to parliament in September, Deputy Finance Minister Dan Manolescu says.

PetroNeft Confirms Production Flow at S-373 Appraisal Well
Friday, May 22, 2015 PetroNeft reveals that the Sibkrayevskoye No. 373 appraisal well at License 61 in Russia is flowing at a production rate of 100 barrels of oil per day.

New Government Likely to Spell Positive Era for UK Oil, Gas
Friday, May 22, 2015 Ahead of the Queen's Speech April 27, Rigzone takes a look at what the Conservative Party's likely plans are for the UK energy sector after its unexpected win in the General Election.

Total Hosts Climate Talks with Big Oil Companies
Friday, May 22, 2015 France's Total is hosting a meeting of the world's biggest oil firms over the sector's action plan ahead of the UN climate talks in Paris at the end of the year.

Statoil Comes up Dry at 2 Norwegian Sea Wells
Friday, May 22, 2015 Statoil drills two dry wells in the Norwegian Sea.

Third Energy Submits Application to Frack in the UK
Friday, May 22, 2015 Third Energy submits a planning application to North Yorkshire County Council in northern England to begin fracking operations at Well KM8 in Kirby Misperton.

Norwegian Oil Drillers Call in Mediator after Wage Talks Fail
Friday, May 22, 2015 Wage talks involving thousands of Norwegian offshore oil workers break down, raising the risk of a strike that could disrupt oil exploration and efforts to raise production.

Expro Receives RoSPA President's Award
Thursday, May 21, 2015 Expro wins the President's Award at the Royal Society for the Prevention of Accidents (RoSPA) Occupational Health and Safety Awards 2015.

Aberdeen-based Jee Wins Enhance Oil Recovery Contract
Thursday, May 21, 2015 Aberdeen-based subsea engineering firm Jee wins a contract from Amec Foster Wheeler to design kit for an enhanced oil recovery field development.

Russia to Decide on Schlumberger Bid for Eurasia Drilling in 2-3 Weeks
Thursday, May 21, 2015 A Russian government commission should decide on Schlumberger's bid for Eurasia Drilling in two to three weeks.

Total In Talks To Give Up Shale License In Denmark
Thursday, May 21, 2015 Total is in talks with Danish regulators on giving up one of the two shale gas licenses it has in the country, the Danish Energy Agency says.

MacGregor Partners with Aberdeen University for Work Placement Scheme
Wednesday, May 20, 2015 Offshore engineering specialist MacGregor announces partnership with Aberdeen's Robert Gordon University to form a graduate work placement scheme.

Sound Sees Gas at 2nd Nervesa Well, Receives Investment
Wednesday, May 20, 2015 Italy-focused Sound Oil reports that the second well drilled on its Nervesa asset has gas shows, while confirming it has received the first tranche of an $18.75-million equity placing.

Statoil Classifies Gudrun Leak as 'Serious'
Wednesday, May 20, 2015 Statoil announces that a condensate leak which occurred on the Gudrun platform in the North Sea recently was 'of the highest degree of seriousness'.

Talisman Energy Norge Drills Dry Well in North Sea
Wednesday, May 20, 2015 Talisman Energy Norge comes up dry in the wildcat well 15/12-24 S in production license 672 in the North Sea.

Total Announces Start of Production at Termokarstovoye Field
Wednesday, May 20, 2015 Total reports the start of gas and condensate production from the onshore Termokarstovoye field in Russia.

Gazprom Neft Reveals Production Increase in Q1 Results
Tuesday, May 19, 2015 Gazprom Neft announces a 15.8 percent year on year increase in hydrocarbon production volumes as part of its financial results for Q1.

Russia's Gazprom Trims 2015 Gas Production Plan Again
Tuesday, May 19, 2015 Gazprom cuts its 2015 gas production plan after warmer weather hits demand.

Galp Energia Sticking with Strategy for Stronger E&P Business
Tuesday, May 19, 2015 Investment bank Jefferies says Portuguese firm Galp Energia will continue with its strategy of strengthening its production activities, while supporting these with competitive downstream operations.

Rockhopper Reports Production Boost at Guendalina Operation
Tuesday, May 19, 2015 Rockhopper Exploration announces a significant boost to gas production at the Guendalina operation in the Mediterranean.

San Leon Energy Reports Encouraging Findings at Rawicz Field
Tuesday, May 19, 2015 SLE reports that the gross reserves for the Rawicz field in Poland stand at more than 50 billion cubic feet, according to a Competent Persons Report (CPR).

Russia's Rosneft To Seek Shareholder Approval To Raise $200B
Monday, May 18, 2015 Rosneft will seek shareholder approval to raise nearly $203.50 billion in loans from three domestic banks, the company said in documents prepared for its annual shareholders meeting in June.

Albania Seeking Bids For Oil, Gas Search In June
Monday, May 18, 2015 Albania will offer companies interested in oil and gas exploration 7 offshore and onshore blocks in June in a bidding process, officials say.

Lundin Petroleum Secures Production License in Northern Caspian Sea
Monday, May 18, 2015 Lundin Petroleum secures a production license from Rosnedra for the Morskaya field, located in the Russian part of the Caspian Sea.

JKX Granted Production License Extension in Ukraine
Monday, May 18, 2015 The Ukrainian authorities grant JKX Oil & Gas an extension to its Elizavetovskoye production license, which will include the West Mashivske Prospect.

Latvia's Forest Gas Storage to Shape Baltics Energy Balance
Friday, May 15, 2015 Latvian birch forest gas reservoirs have enough capacity to see Latvia and Estonia through the winter, while Lithuania hopes to use them to hold some of its gas imports.

RCP Signs Supply Contract with Awilco Drilling
Friday, May 15, 2015 RCP signs six figure contract to supply control systems to WilPhoenix semisub rig.

Providence Obtains Evidence of Hydrocarbons Near Polaris Prospect
Thursday, May 14, 2015 Providence Resources obtains evidence of oil seeps some two miles from its Polaris prospect offshore Ireland.

BP Appoints Paula Reynolds and John Sawers as Non-Executive Directors
Thursday, May 14, 2015 BP announces decision to appoint Paula Rosput Reynolds and John Sawers as Non-Executive directors with immediate effect

Panoro Energy Appoints John Hamilton as CEO
Wednesday, May 13, 2015 John Hamilton has been appointed as the new Chief Executive Officer of Panoro Energy.

Spain's Cepsa Wins Family-Friendly Award
Wednesday, May 13, 2015 Oil firm Cepsa is awarded "family-friendly" status by the Spanish Association for Standardization and Certification thanks to a range of employee-focused policies.

Maersk Beats Forecasts, Loses Shipping Market Share
Wednesday, May 13, 2015 Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said AP Moller-Maersk's forecast-beating results had been helped by one-offs.

Rig Firm Prosafe Sees Pickup in Activity as Oil Prices Rise
Wednesday, May 13, 2015 Offshore accommodation provider Prosafe posts first-quarter operating earnings above expectations as activity picks up.

Cape Order Intake Falls on Contract Delays, Project Deferrals
Tuesday, May 12, 2015 Energy services provider Cape says orders during its first quarter fell, hurt by delays in key contracts and project deferrals.

Sky Futures Receives Europe's Largest Drone Investment
Monday, May 11, 2015 MMC Ventures invests $3.8 million in Sky Futures drone technology

Amber Rudd Appointed UK's New Secretary of State for Energy
Monday, May 11, 2015 Amber Rudd MP is appointed the new UK Secretary of State for Energy and Climate Change.

UKOG Upgrades Horse Hill Volumes
Monday, May 11, 2015 UK Oil and Gas Investments announces a substantial upgrade volumes discovered at its Horse Hill-1 and Collendean Farm-1 structures in southern England.

UK's New Oil, Gas Authority Appoints Key People
Monday, May 11, 2015 UK's new Oil and Gas Authority appoints seven senior executives as Prime Minister David Cameron appoints new Energy Secretary.

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