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Regional News: Europe & Russia

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In Battered Oil Services Sector, Smallest Look Weakest
Friday, January 23, 2015 Slammed by plunging oil prices, oil services companies face a bleak outlook of cutbacks and contract cancellations.

RIA: Russia's Novatek Sees 2015 Gas Output Up 6%
Friday, January 23, 2015 Russia's Novatek sees its 2015 gas output increasing by six percent and its production of liquids more than 40 percent greater.

Technip Gains EDGE in Gender Equality Performance
Friday, January 23, 2015 French oilfield services firm becomes the first company from the energy industry to become certified for the EDGE gender equality standard.

Gunvor: No Rebound To $100 Oil, Contango To Deepen
Thursday, January 22, 2015 Gunvor's head of analysis says crude was unlikely to return to $100 a barrel in the foreseeable future.

Faroe Petroleum Expects To Raise Exploration Capex In 2015
Thursday, January 22, 2015 Junior oil firm Faroe Petroleum expects its pre-tax exploration and appraisal capital spending to increase in 2015.


Oil Majors Seek To Claw Back Costs From Service Firms
Thursday, January 22, 2015 Global oil majors say they are demanding cheaper but better services from engineering and service companies, or simply taking work back in-house.

Top Tips: Applying for Your First Graduate Job in European Oil, Gas
Thursday, January 22, 2015 Rigzone talks to graduate recruiters at BP and OMV about their tips for university students applying for a graduate job in oil and gas.

Seadrill to Guarantee North Atlantic Drilling's NOK 1.5B Bond
Thursday, January 22, 2015 Offshore drilling firm Seadrill says it will provide a guarantee for subsidiary North Atlantic Drilling's $197-million bond maturing in 2018.

OPEC, Oil Companies Clash At Davos Over Price Collapse
Wednesday, January 21, 2015 OPEC defends its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to a huge supply shortage.

Deputy PM: Russia May See Oil Output Fall by 1M BPD at Most
Wednesday, January 21, 2015 Russia may see a natural decline in oil output by around 1 million barrels per day but has no plans to cut production in coordination with OPEC, says the country's deputy prime minister.

Junior Oil Firms: Not All Doom and Gloom
Wednesday, January 21, 2015 As many junior energy companies suffer amid the oil price rout, Rigzone finds out which of the smaller oil and gas firms are best placed to weather the storm.

Faroe, Lundin, Cairn Score Norway License Wins
Wednesday, January 21, 2015 Faroe Petroleum and Lundin Petroleum issue details of licenses they have secured in Norway's latest offshore licensing round.

Cuadrilla Gets Planning Set Back to its Fracking Plans
Wednesday, January 21, 2015 Local planning officers deal a blow to Cuadrilla's fracking plans at Preston New Road and Roseacre despite the award of Environment Agency permits.

Total Cuts North Sea, US Shale Spending After Oil Price Plunge
Wednesday, January 21, 2015 Total will cut spending on ageing North Sea fields and cut US shale production after the recent plunge in oil prices, CEO Patrick Pouyanne says.

STATS Group Plans Further Expansion after Securing $6.5M
Tuesday, January 20, 2015 Scottish pipeline specialist STATS Group plans further international expansion after securing an additional $6.5 million in investment.

Golar LNG Selects Gary Smith as CEO to Replace Doug Arnell
Tuesday, January 20, 2015 Golar LNG appoints Gary Smith as CEO to take over from the Doug Arnell.

Norway Moves Arctic Ice Edge North, Oil Firms On Alert
Tuesday, January 20, 2015 Norway's energy ministry launches an Arctic-focused oil and gas licensing round.

Russia's Rosneft Starts Oil Production At Arkutun-Dagi Field
Monday, January 19, 2015 Rosneft starts oil production at the Arkutun-Dagi field, part of the Sakhalin-1 project in the Russian Far East.

Noreco, North Energy Agree Norwegian Sea Asset Transfer
Monday, January 19, 2015 Noreco agrees to transfer 30-percent ownership in PL484 in the Norwegian Sea to North Energy.

Centrica's Cohen Appointed Head of UK Onshore Oil, Gas College
Monday, January 19, 2015 Colette Cohen, head of Centrica's UK oil and gas production business, is appointed chair of the UK's new National College for Onshore Oil and Gas.

Shale Firm Cuadrilla Wins UK Exploration Permits
Friday, January 16, 2015 The UK's Environment Agency grants permits to shale gas firm Cuadrilla Resources to carry out exploration at a site in northwest England.

Schlumberger Reports 7% Revenue Growth
Friday, January 16, 2015 French oilfield engineering group Schlumberger sees its annual revenue grow seven percent to $48 billion.

Petroceltic Sharpens Production Focus as Oil Prices Slump
Thursday, January 15, 2015 Irish independent oil producer Petroceltic International will focus on improving volumes and costs at its core production assets and step backwards from certain exploration projects.

Norway Oil Spending, Output to Fall on Low Crude Prices
Thursday, January 15, 2015 Norwegian energy investments are set to tumble this year, exacerbating a drop in oil production.

New Consultancy Aims to Transform Front-End Development for Offshore Fields
Thursday, January 15, 2015 New firm io oil & gas consulting aims to transform the development of front-end designs for offshore oil and gas fields.

Seadrill Appoints Expro CEO to its Board
Thursday, January 15, 2015 Offshore driller Seadrill appoints Expro CEO Dr Charles Woodburn to its board of directors.

Statoil Hands Back 3 Greenland Exploration Licenses
Wednesday, January 14, 2015 Statoil hands back three of its four Greenland offshore oil and gas exploration licenses in another sign of cost cutting by energy firms amid the plunge in oil prices.

Norwegian Seismic Explorer TGS Expects 2015 Revenue Fall
Tuesday, January 13, 2015 Norwegian seismic explorer TGS posts greater-than-expect 4Q revenues but warns of energy companies curbing spending amid tumbling oil prices.

Oil, Gas M&A in Upstream Sector Climbs to $37 Billion in 4Q 2014
Tuesday, January 13, 2015 The total value of upstream oil and gas m&a deals, according to data from the Evaluate Energy M&A database, reached $37 billion in 4Q 2014, a slight increase from the $35 billion total of 3Q.

Tullow To Begin Oil Sector Job Purge As Weak Prices Bite
Tuesday, January 13, 2015 Tullow Oil is planning to cut some of its 2,000-strong workforce, a source familiar with the company says, starting an expected avalanche of job losses.

Statoil To Shut Oil Production At Aasgard Field Due To Storm
Monday, January 12, 2015 Statoil will shut oil production at the Aasgard field in the Norwegian Sea due to an impending storm, and will reduce the number of workers at the Kristin platform, a spokesman says.

Lundin on Track to Increase Production in 2015
Monday, January 12, 2015 Lundin Petroleum expects to increase production to between 41,000 and 51,000 barrels per day in 2015.

JKX Achieves Successful Test of E-303 Well
Friday, January 09, 2015 JKX Oil & Gas achieves successful test results from the E303 well on its Elizavetovskoye field.

Statoil CEO Sticks to Dividend Policy despite Low Oil Prices
Thursday, January 08, 2015 Statoil will continue to make dividend payments a top priority even though oil prices have fallen more steeply than expected, says Statoil's acting CEO.

Oil Producer Petroceltic's Largest Shareholder Seeks CEO's Ousting
Thursday, January 08, 2015 Petroceltic International's largest shareholder calls for an EGM of the Irish company's shareholders to oust its chief executive.

Thursday, January 08, 2015 Norwegian survey technology firm Electromagnetic Geoservices appoints Bjarte Bruheim as its new CEO.

PM: Norway's GDP Growth Seen Dragged Down By Low Oil Price
Thursday, January 08, 2015 Norway's economic growth will be lower in 2015 than previously predicted due to the low oil price, Prime Minister Erna Solberg says.

Europa Shuts in Well Due to Low Oil Price
Thursday, January 08, 2015 UK onshore-focused Europa Oil & Gas shuts in one of its wells in the East Midlands due to the low oil price.

JKX Suspends its Ukrainian Investment Program
Wednesday, January 07, 2015 Junior producer JKX Oil & Gas says it is suspending its 2015 capital investment programme in Ukraine as a result of a government decree restricting the sale of gas to industrial customers.

Statoil Awards NOK 5 Billion Supply Base Contracts
Wednesday, January 07, 2015 Norway's Statoil awards $640 million of contracts to suppliers.

Lundin Slashes 2015 Budget by One-Third
Wednesday, January 07, 2015 Sweden's Lundin Petroleum says its 2015 development, appraisal and exploration budget will be 31 percent lower than its 2014 budget.

UHY: Oil Slump Threatens Outlook for AIM Listings After Bumper 2014
Monday, January 05, 2015 Slumping oil prices could curb new equity listings on Britain's AIM, where many small oil and gas explorers have traditionally sought financing, according to AIM-focused accountancy firm UHY Hacker Young.

Tough Times Ahead for Offshore Norway in 2015
Monday, January 05, 2015 Rigzone takes a look at what 2015 has in store for exploration and field developments on the Norwegian Continental Shelf.

Eni, Rockhopper Give Further Details of Croatia License Award
Monday, January 05, 2015 Eni and Rockhopper Exploration provide further details of their award of Block 9 in the Adriatic Sea off Croatia.

Subsea Integrity System Backed by Chevron
Monday, January 05, 2015 Viper Subsea's subsea integrity system receives backing from Chevron.

Oil Producer Afren Settles Claims Against Former CEO, COO
Friday, January 02, 2015 Afren says it had secured $17.1 million from its former chief executive and chief operating officer in relation to unauthorized payments that caused a scandal last year.

Croatia Awards 10 Adriatic Oil, Gas Exploration Licenses
Friday, January 02, 2015 A consortium of Houston-based Marathon Oil and Austria's OMV won seven of 10 licenses awarded for oil and gas off Croatia's Adriatic coast.

TGS To Complete $30M Buyback Program In 2015
Friday, January 02, 2015 TGS will continue to buy back its shares on the Oslo bourse in 2015 to complete a $30 million buyback program announced last February.

Seadrill Acquires West Polaris Drillship from Ship Finance International
Wednesday, December 31, 2014 Seadrill acquires West Polaris drillship from Ship Finance International.

Lundin Drills Duster Offshore Norway
Tuesday, December 30, 2014 Lundin Petroleum drills a dry well at Lindarormen prospect offshore Norway.

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