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Regional News: Europe & Russia

 
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Centrica Comes Up Dry near Ula Field
Wednesday, July 23, 2014 Centrica Resources Norge drills a dry well near the Ula field on Norwegian production license 405.

Unipetrol Sees Positive Impact from Acquisition of Rafinerska Stake
Wednesday, July 23, 2014 Czech oil processing firm Unipetrol expects a $20-million positive impact from the pending acquisition of a 32-percent stake in Ceska Rafinerska by ENI.

Europe's Wind Capacity to Grow More Slowly Than Expected to 2020
Wednesday, July 23, 2014 Europe's installed wind capacity will increase at a slower rate to the end of the decade than previously estimated due to regulatory uncertainty and weak economic growth.

Ruspetro Conducts Successful Flow Test on Russian Well
Wednesday, July 23, 2014 Ruspetro successfully carries out a 10-day flow test on its first multi-stage fractured horizontal well in the Pottymsko-Inginsky license area of Russia.

EU Says Could Halt Technology for Russia to Develop Arctic Oil, Gas
Wednesday, July 23, 2014 The European Union should not give Russia technical help to develop Arctic oil and gas if Moscow does not help defuse the Ukraine crisis, says EU Energy Commissioner.

  



Ukraine Says EU Reverse Gas Flows Lower after Gazprom's 'Threats'
Wednesday, July 23, 2014 Ukraine energy minister says reverse gas flows from the European Union to Ukraine fall because of the threats by Russian gas producer Gazprom.

Poland's PGNiG Says Natural Gas Production Rose 4% Year-on-Year In 2Q
Tuesday, July 22, 2014 Poland's PGNiG sees a 3.7% increase in its 2Q gas production.

Paper: Putin Mulls End To Gazprom Monopoly On Pipeline Gas Sales To China
Tuesday, July 22, 2014 Russia's president is thinking about allowing gas producers other than Gazprom to export gas from new eastern fields, according to the Vedomosti newspaper.

Max Petroleum Says Reviewing Strategic Options
Tuesday, July 22, 2014 Max Petroleum says it was reviewing strategic options, including a sale.

Exxon Oil Rig Enters Uncharted Waters of Russian Political Storm
Monday, July 21, 2014 Exxon faces political dilemma as one of its rigs enters Russian Arctic waters.

Drilling Starts at Egdon's Wressle Prospect Onshore UK
Monday, July 21, 2014 Drilling begins at the 2.1-million barrel Wressle prospect in Lincolnshire, onshore UK.

Lundin Petroleum's Arctic Find Has Good Gas Quality, Unclear on Oil
Monday, July 21, 2014 Lundin Petroleum's Arctic discovery shows good quality for gas but oil quality is inconclusive.

Statoil Resumes Production at Njord A Platform
Monday, July 21, 2014 Statoil resumes production at the Njord A platform in the Norwegian Sea after a year.

Russia's Rosneft Says to Honor Agreements despite Sanctions
Friday, July 18, 2014 Russian oil producer Rosneft says it will continue to work on its existing projects and agreements despite US sanctions against the company.

Italy Union Calls General Strike at Eni Refineries for July 29
Friday, July 18, 2014 Italian union plans a one-day strike at all of Eni's refineries in Italy in order to protest against closures.

Larne Signs Farm-In Option Deal for NI License
Friday, July 18, 2014 Larne Oil and Gas signs a farm-in option contract with respect to two licenses in Northern Ireland.

Sound Oil Appoints New Director
Thursday, July 17, 2014 Junior energy firm Sound Oil appoints Marco Fumagalli of Continental Investment Partners as a non-executive director.

Norway's Aker Solutions Earnings, Orders Miss Forecasts
Thursday, July 17, 2014 Norwegian oilfield services firm Aker Solutions posts 2Q earnings and order backlog figures that fall short of expectations.

Det Norske Sees 2Q Production Halve
Thursday, July 17, 2014 Det norske reports lower production for the second quarter but says that Marathon Oil Norge acquisition will make it one of Europe's largest independent companies.

BP Says New Sanctions on Russia Appear to Target Access to Markets
Thursday, July 17, 2014 BP studies latest sanctions against Russia over Ukraine and says they appear to focus on restricting access to US debt and equity markets.

OMV Finds New Black Sea Oil Off Romania
Wednesday, July 16, 2014 Austria's OMV finds a new oil reservoir in the Black Sea off Romania.

Kemp: The Big One - Russia's Bazhenov Shale
Wednesday, July 16, 2014 Western oil companies and their Russian counterparts hope to repeat North America's shale success in the Bazhenov shale in Siberia.

Falcon's Hungary Well Encounters Gas Shows
Tuesday, July 15, 2014 Falcon Oil & Gas reports that a well drilled by its partner NIS in Hungary encounters gas shows after reaching its target depth.

Spain's Repsol Could Start Drilling Off Canary Islands In October
Tuesday, July 15, 2014 Repsol could begin prospecting for its $7-billion oil exploration project offshore the Canary Islands this October.

Sound Sees 'Significant Upgrade' to Onshore Italy Prospect
Tuesday, July 15, 2014 Sound Oil reports that a competent person's report has significantly upgraded resources at its Santa Maria Goretti gas prospect, onshore Italy.

Russia's Rosneft Agrees to Buy Weatherford's Russian, Venezuelan Assets
Sunday, July 13, 2014 Rosneft agrees to buy the Russian and Venezuelan drilling and well-servicing assets of Weatherford International.

Norway's Aker Solutions to Take $211M Writedown
Friday, July 11, 2014 Norwegian oil services firm Aker Solutions will write down $211 million after tax from its earning in the second quarter due to impairments at Aker Oilfield Services.

VNG Norge Discovers up to 25M Barrels in Norwegian Sea
Friday, July 11, 2014 VNG Norge makes a new hydrocarbon discovery of up to 25 million barrels of oil equivalent near its Pil discovery well in the Norwegian Sea.

Novatek Reports 2Q Gas, Liquids Production Increase
Thursday, July 10, 2014 Novatek reports an increase in its production of gas and liquids during the second quarter.

Global Oil Exploration Nears $1 Trillion - Where Are The Finds?
Thursday, July 10, 2014 Majors are caught between growing pressure from investors to cut spending and boost profits and the increasingly costly need to replace declining onshore and offshore reserves.

Dutch Marine Services Company Fugro Warns Will Disappoint in 1H
Thursday, July 10, 2014 Dutch marines services firm Fugro blames weakness in the oil and gas sector for results that are expected to fall short of expectations.

Grid Says UK Shale Gas Could Meet A Third Of Demand By 2030s
Thursday, July 10, 2014 A third of Britain's gas needs could come from its own shale gas by the early 2030s if government policies and economic growth allow firms to invest in gas exploration, National Grid says.

China Signs $1.6B Engineering Deal for Siberian LNG Project
Thursday, July 10, 2014 CNOOC's subsidiary inks a $1.6 billion deal to build equipment for a liquefied natural gas project in Siberia, the company says.

Cairn Postpones Spanish Point Drill Due to Rig Delays
Wednesday, July 09, 2014 Cairn Energy postpones the drilling of the Spanish Point appraisal well, offshore Ireland, due to rig refurbishment delays.

Japan's MOL To Launch Arctic Ocean LNG Route From Russia's Yamal In 2018
Wednesday, July 09, 2014 Japan's Mitsui OSK Lines is to begin transporting liquefied natural gas through the Arctic Ocean in 2018 using icebreaking LNG tankers.

Hagar Qim Rig Completes Drilling
Wednesday, July 09, 2014 Mediterranean Oil & Gas reports that the rig used to drill an exploration well offshore Malta has completed its operations and is now moving off location.

Under Sanction Threat, Russia Turns To Own, Chinese Oil Technology
Wednesday, July 09, 2014 Partly built in South Korea, Russia's recent platform at the Sakhalin-1 project, highlights the oil industry's dependence on foreign technology.

Technip Wins Subsea Services Deal with Statoil, Exxon and Gassco
Tuesday, July 08, 2014 Oilfield services firm Technip wins a new multi-region subsea services deal with Statoil, ExxonMobil and Gassco.

Russia's Gazprom Says Subsidiary Wins South Stream Tender in Serbia
Tuesday, July 08, 2014 Gazprom says its Tsentrgaz subsidiary has won a tender to build the Serbian stretch of the South Stream pipeline.

Chevron Leaves Lithuania As Shale Gas Prospects Remain Uncertain
Tuesday, July 08, 2014 Chevron divests its assets in Lithuania and pulls out of the country.


Greenpeace Activists Block Chevron Shale Site in Romania
Monday, July 07, 2014 Environmental activists chain themselves to gates at a Chevron shale gas exploration well in eastern Romania.

Kemp: Improving the Odds - Why Shale Really is Revolutionary
Monday, July 07, 2014 The shale revolution will broaden the petroleum industry to include new companies and new countries

Onshore Shetland: BP's Sullom Voe Recruitment Drive
Friday, July 04, 2014 Rigzone talks to BP about its recruitment drive to find additional workers as it expands its Sullom Voe oil terminal, including an offshore solution to an onshore staffing problem.

Technip Clinches Total's Edradour Subsea Development Contract
Friday, July 04, 2014 Technip clinches a contract from Total for the Edradour Subsea Development, located north west of Shetland Islands in the UK.

Total to Drill Test Wells for Shale Gas in Denmark in Dec or Jan
Friday, July 04, 2014 Total plans to drill the first test wells for shale gas in Denmark no sooner than in December or January, with the drilling campaign expected to last for three months, the company says.

Oil Major Total Launches Edradour Gas Field Development
Thursday, July 03, 2014 Total decides to develop the Edradour gas field, in the West of Shetland area, after negotiating lower costs with contractors, as well as buying a 60 percent stake in the neighbouring Glenlivet field.

Russia's Gazprom Replaces Head of Export Unit to Spur Business
Wednesday, July 02, 2014 Gazprom replaces Alexander Medvedev as head of its exporting arm with one of his deputies, Elena Burmistrova.

Shelf Drilling Pulls IPO
Wednesday, July 02, 2014 Shelf Drilling has pulled its IPO on the London Stock Exchange, through which it planned to raise $500 million.

Greece Promises Tax Cut To Attract Oil And Gas Majors
Tuesday, July 01, 2014 Greece is planning to cut tax rates for oil and gas companies as it wants to attract them to help exploit its untapped offshore hydrocarbon resources, its energy minister says.

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