Regional News: Europe & Russia
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Campaigners Highlight 'Shortcomings' of Irish Oil, Gas Tax Regime
Friday, March 07, 2014 As Ireland's energy minister appoints Wood Mackenzie to advise on the country's tax regime for oil and gas, campaign group Own Our Oil calls for an overhaul of how the industry is taxed and regulated.
Rosneft Challenges Gazprom Monopoly to Export Russian Pipeline Gas
Friday, March 07, 2014 Rosneft wants to break the monopoly of another Russian state-owned energy company, Gazprom, to export gas via pipelines, according to sources.
'Oil Facts' App Wins Norwegian Award
Thursday, March 06, 2014 An app called 'Oil Facts' developed by the Norwegian Ministry of Petroleum and Energy has been named 'Best Useful App' at Norway's annual Farmand Awards.
SeaBird Wins South American 2D Seismic Contract
Thursday, March 06, 2014 SeaBird Exploration wins a $9-million contract for its Osprey Explorer to acquire 2D seismic data in South America.
VNG Norge Hits Oil, Gas with Pil Well
Thursday, March 06, 2014 VNG Norge finds 443 feet of oil and 299 feet of gas with its Pil well in the Norwegian Sea.
Britain Far from Primed for Shale Gas Exploration, Experts Say
Wednesday, March 05, 2014 Britain's lack of onshore drilling infrastructure and local opposition will impede the development of shale gas exploration, according to speakers at the Shale UK conference.
Kemp: Global Oil And Gas Drilling Hits 30-Year High
Tuesday, March 04, 2014 Drilling for oil and gas deposits outside North America has hit the highest level in three decades, led by big exploration and production programs in the Middle East and Africa.
Total Seeks Entries to its Robot Competition
Tuesday, March 04, 2014 France's Total is seeking design proposals from industry and academia for its Autonomous Robot for Gas & Oil Sites concept.
Portugal's Galp Ups Investment Plan to Support Output Growth
Tuesday, March 04, 2014 Portugal's Galp Energia raises its capital spending target for the next three-to-four years to support ambitious production growth plans in Brazil and Africa.
Seadrill Expects High Rig Rates In African Contracts
Tuesday, March 04, 2014 Seadrill is likely to get higher-than-expected rig charter rates in forthcoming African contracts, even while rates fall across the industry, its CFO says.
Ceona Names New Offshore Construction Vessel
Monday, March 03, 2014 Offshore services firm Ceona names its new high-capacity, flexible pipelay vessel the Polar Onyx at a ceremony in Norway.
Tyler to Succeed Gammell as Cairn Chairman
Monday, March 03, 2014 Cairn Energy says Sir Bill Gammell will retire as its chairman in May, with non-exec director Ian Tyler taking over the role.
Norway Confirms Small Arctic Oil Find
Monday, March 03, 2014 Det norske oljeselskap makes a small oil discovery in the Arctic Barents Sea.
Falcon's Hungarian Well Begins Testing Operations
Monday, March 03, 2014 Falcon Oil & Gas reports that well testing operations on its Kutvolgy-1 well in Hungary have begun.
Russia's Energy Minister Cancels Amid Tensions in Ukraine
Monday, March 03, 2014 Alexander Novak pulls out of energy conference amid tensions in Ukraine.
Aker Sees Positive Future after Record Subsea Order Backlog
Friday, February 28, 2014 Aker achieves record orders at its Subsea business and sees a positive short-term outlook for the oilfield services sector.
Odfjell to Take Delivery of 'Deepsea Aberdeen' Rig by November
Friday, February 28, 2014 Odfjell Drilling says a revised schedule will see it take delivery of the 'Deepsea Aberdeen' rig by November this year.
Maersk: Global Oil Drilling Slowdown To Last 12-18 Months
Friday, February 28, 2014 The current slowdown in offshore oil and gas drilling will last 12 to 18 months, and the market for rigs will rebound in 2015, Maersk Drilling says.
GDF Increases Gas Production Target as it Boosts Capex
Thursday, February 27, 2014 GDF Suez aims to increase gas production to as much as 63 million barrels of oil equivalent by 2016 as it increases its capital spending budget in pursuit of growth.
Russia's Gazprom Neft Says Reserves Growth Outstrips Production
Thursday, February 27, 2014 Gazprom Neft says its proven hydrocarbon reserves rose 12 percent last year to reach 9.8 billion barrels.
Transocean Estimates 18-24 Months Before Rig Demand Recovers
Thursday, February 27, 2014 Transocean says it could take up to 18 to 24 months for demand to recover as customers delay drilling programs.
Oil Services Must Take On More Risk, Petrofac CEO Warns
Wednesday, February 26, 2014 Petrofac CEO says oil services companies will have to assume more risk in coming years as investor pressure and a flat crude price make clients push harder to avoid delays on megaprojects.
Weir Group Pegs Growth Hopes on Upstream Spending
Wednesday, February 26, 2014 Pumps and valves firm Weir Group plans to capitalize on an increase its oil and gas customers' upstream spending.
Making the 'Subsea Factory' a Reality
Wednesday, February 26, 2014 Rigzone talks to GE Oil & Gas about its plans to develop subsea equipment that will ultimately be used in the "Subsea Factory" envisaged by Statoil.
SeaBird Sees 'Moderate' Seismic Market Improvement
Wednesday, February 26, 2014 SeaBird Exploration says it is currently seeing a "moderate improvement" in global seismic demand amid a general softening in the market.
MOL Sees Crude Output Declining In 2014
Tuesday, February 25, 2014 Hungary's MOL says its crude output will decline in 2014 before growing again next year.
Lukoil Starts Production Drilling at Imilorsko-Istochniy
Tuesday, February 25, 2014 Lukoil begins production drilling at the Imilorsko-Istochniy license area in central Russia.
Seadrill Sees Bigger Drilling Market Slowdown
Tuesday, February 25, 2014 Seadrill expects the drilling market to slow over the next two years as energy firms focus on saving cash for dividend payments and delay exploration projects.
Spain's Repsol Writes Off YPF Loss As Dispute Nears End
Friday, February 21, 2014 Repsol will take a $1.8 billion hit on its stake in energy firm YPF that was seized by Argentina, as a two-year battle for compensation draws to a close.
Debate over Langlitinden Discovery's Commercial Potential
Friday, February 21, 2014 There is a question mark over whether oil discovered at the Langlitinden well in the Barents Sea will prove economically recoverable.
Total Finds Oil in the Central North Sea
Friday, February 21, 2014 Total makes an oil discovery estimated to be between 3.1 million and 6.3 million barrels seven miles east of the Heimdel field, offshore Norway.
Technip Shares Up After Order Book Rise, Dividend Increase
Thursday, February 20, 2014 Oilfield services firm Technip sees an increased order backlog, easing concerns about spending cuts but its clients.
Statoil Suffers New Setback at Arctic Castberg Project
Thursday, February 20, 2014 Norway's Statoil drills another well that disappoints near its Johan Castberg find in the Barents Sea.
Cuadrilla CEO: Greens Making the 'Perfect' the Enemy of the 'Good'
Thursday, February 20, 2014 Environmentalists opposed to shale gas fracking risk damaging the role that natural gas can play in combating manmade carbon dioxide emissions.
Oil Firm Det Norske 4Q Loss Bigger than Expected
Wednesday, February 19, 2014 Det norske oljeselskap reports greater-than-expected fourth-quarter operating loss.
BG Group Buys Nigerian LNG To Replace Lost Egyptian Output
Wednesday, February 19, 2014 BG Group buys 6 LNG cargoes from Italian utility Enel as it seeks to replace lost supplies from its Egyptian operations.
Russia's Lukoil 2013 Profit Falls On Write-Offs At Major Projects
Wednesday, February 19, 2014 Lukoil posts worse-than-expected net profit in 2013, hit by write-offs at some major projects it once touted as the breakthrough finds to boost earnings.
OMV's Quarterly Profit Halves As Libya Unrest Cuts Output
Wednesday, February 19, 2014 OMV's 4Q operating profit more than halved as production and sales in Libya dropped to almost nothing due to repeated disruption from oil-field protests and port blockades.
Barryroe License Area Extended
Tuesday, February 18, 2014 Providence Resources says the license area in which its 1.1-billion barrel Barryroe discovery is situated has been extended to the south and southeast.
Serbian Oil Company NIS Net Profit Up 2.5% in 2013
Tuesday, February 18, 2014 Serbia's NIS, subsidiary of Gazprom Neft, reports a 2.5 percent increase in net profit.
Wood Group Expects US Shale To Drive 2014 Growth
Tuesday, February 18, 2014 UK energy services firm Wood Group says it expects strong demand for services in US shale to drive overall growth at the firm.
Consultancy: Britain Must Ease Planning Rules On Shale Gas
Monday, February 17, 2014 Britain must streamline shale gas planning rules to cut delays or it will fail to achieve significant output and will miss out on potential tax revenues, energy consultancy Poyry says.
Oil Firms Seen Cutting Exploration Spending
Monday, February 17, 2014 Global oil firms are about to cut exploration spending, pulling back from frontier areas and jeopardizing their future reserves, industry insiders say.
Gulf Marine Services to Float in London
Monday, February 17, 2014 Gulf Marine Services plans to float its shares on the London Stock Exchange in an IPO designed to raise $100 million for new vessels.
Rig Firm Songa Offshore Misses Forecast with 4Q Loss
Monday, February 17, 2014 Norwegian rig operator Songa Offshore says its Cat D rig development project remains on track as it reports disappointing 4Q results.
Lansdowne Appoints New Commercial Director
Monday, February 17, 2014 Lansdowne Oil & Gas appoints Richard Slape as its new commercial director.
Local British Authority Puts Shale Gas Exploration On Hold
Friday, February 14, 2014 Plans to explore for shale gas on a site in a national park located southwest of London have been temporarily put on hold by the local authority.
Norway To Offer 61 Blocks In New Licensing Round
Friday, February 14, 2014 Norway plans to offer oil firms a total of 61 blocks for oil and gas exploration in the 23rd licensing round on its continental shelf, the country's oil and energy ministry says.
Kvaerner Sees Rising Revenues, Better Margins in 4Q
Friday, February 14, 2014 Norwegian industrial group Kvaerner posted fourth-quarter earnings a touch ahead of expectations and says it expects revenues to rise this year even as competition remains intense.
NW Europe Drilling Activity Holding Up Well
Friday, February 14, 2014 Deloitte's recent review of northwestern Europe's upstream industry reveals the UK had a dip in exploration activity in 2013 while the broader picture shows drilling across the region is holding up well.
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