Regional News: Europe & Russia

Monday, May 20, 2013 The European Union will review hydraulic fracturing and the environmental concerns surrounding the practice this year, EU Energy Commissioner Guenther Oettinger says.

Friday, May 17, 2013 Total Chief Executive confirms a production growth target of 3 percent a year between 2011 and 2015.

Friday, May 17, 2013 Sound Oil reports that the rig it will use on its Nervesa asset, onshore Italy, has been released from operations in the Netherlands.

Friday, May 17, 2013 Romania’s OMV Petrom plans to invest $116 million this year to redevelop Oprisenesti oil field.

Friday, May 17, 2013 Greenland's new government clarifies its stance on allowing more offshore oil exploration.

Friday, May 17, 2013 Moller-Maersk posts a smaller-than-expected drop in first-quarter net profit, supported by increased freight rates and efficiency measures at its main shipping unit.

Friday, May 17, 2013 Transocean shareholders reject a $4 a share dividend proposal by activist investor Carl Icahn but oust long-time company Chairman Michael Talbert.

Wednesday, May 15, 2013 Allegations of oil-price manipulation by large firms in the energy sector are "extremely concerning," UK Prime Minister David Cameron's spokesman says.

Wednesday, May 15, 2013 PA Resources has decided with immediate effect to appoint Board member Philippe R Probst as the company's CEO.

Wednesday, May 15, 2013 Vietnam and Russia have signed deals for three oil and gas projects.

Wednesday, May 15, 2013 West Siberia-focused Ruspetro makes progress with it appraisal drilling at its field in the Khanty-Mansiysk region, onshore Russia.

Tuesday, May 14, 2013 OMV improves production for the first quarter. The firm expects production for the whole of 2013 to be broadly similar as 2012.

Monday, May 13, 2013 Oil and gas driller Transocean says Chairman Michael Talbert plans to step down in 2014.

Monday, May 13, 2013 Europa Oil & Gas reports that an 85-percent farm out of its Irish licensing options to Kosmos Energy has been given the go-ahead by the Irish government.

Monday, May 13, 2013 Statoil agrees to swap 10-percent stake in production license 395 for 10 percent in Total's PL 535 asset.

Friday, May 10, 2013 The development of shale gas in Europe could help the continent obtain better deals from its current key supplier, Gazprom, EU Energy Commissioner Guenther Oettinger says.

Friday, May 10, 2013 Aker Arctic Technology confirms spring 2014 due date for delivery of its "oblique icebreaker" concept vessel to Russia's Ministry of Transport.

Thursday, May 09, 2013 Repsol says its first-quarter profit rose 38% on the year, mainly due to higher production and refining margins.

Wednesday, May 08, 2013 The UK is getting serious about channeling former members of its armed services into oil and gas jobs, as the sector seeks to find 15,000 staff for UK roles during the next five years.

Wednesday, May 08, 2013 Union Jack Oil farms into onshore license in Lincolnshire, UK.

Tuesday, May 07, 2013 Sound Oil says it expects to spud its Nervesa appraisal well, onshore Italy, by the end of May now that the rig has become available.

Tuesday, May 07, 2013 Seadrill enters into an agreement to sell the companies that own and operate the tender rig T15 to Seadrill Partners.

Tuesday, May 07, 2013 The leak which occurred at Mongstad has been stopped, and the situation is being normalized.

Tuesday, May 07, 2013 Cairn takes 38-percent stake, and assumes operatorship of, Spanish Point, offshore Ireland.

Monday, May 06, 2013 Norwegian PM Jens Stoltenberg laid out plans for a modest tax cut for mainland businesses while increasing taxes on oil companies and multinationals, as it looks to maintain a competitive business climate.

Monday, May 06, 2013 Rigzone talked to leading executives at BP to find out how the energy major is addressing the skills gap that threatens to hold back growth in upstream amid the Great Crew Change.

Friday, May 03, 2013 Junior explorer Fastnet Oil & Gas reports that it has been awarded the East Mizzen Licensing Option over several blocks in the North Celtic Sea Basin.

Friday, May 03, 2013 Electromagentic Geoservices says it has signed $6.4 million licensing agreement to provide 3D electromagnetic data from its data library covering the Norwegian Sea.

Thursday, May 02, 2013 Shell says CEO Peter Voser will retire during the first half of 2014.

Thursday, May 02, 2013 EMAS AMC wins $75-million contract from Statoil to supply its Smorbukk South extention project.

Tuesday, April 30, 2013 BP reports a threefold increase in profit for the first quarter as proceeds from sale of TNK-BP offset a fall in oil and gas production.

Tuesday, April 30, 2013 Mediterranean Oil & Gas details its drilling plans for the rest of 2013 into 2014.

Tuesday, April 30, 2013 Rosneft enjoys an 82.4% boost to its production of hydrocarbons thanks to the TNK-BP acquisition.

Monday, April 29, 2013 San Leon Energy has been awarded two new exploration licenses in Spain.

Monday, April 29, 2013 PGS says its GeoStreamer technology is helping to strengthen profitability.

Monday, April 29, 2013 Oilfield services firm Aker Solutions sees first quarter profit dip as increased project costs and delayed contracts hit its bottom line.

Monday, April 29, 2013 FX Energy, Inc. reports results of a drill stem test (DST) on the Tuchola-3K well in north-central Poland.

Friday, April 26, 2013 San Leon signs an amendment to its Petroleum Sharing Contract (PSC) for the Durresi Block offshore Albania.

Friday, April 26, 2013 IGas confirms its plans to drill two further wells commencing this year to further appraise the significant potential resources it has in the Bowland Shale.

Friday, April 26, 2013 Hess completes the sale of 100 percent of its Russian subsidiary Samara-Nafta to LUKOIL for a total consideration of $2.05 billion.

Thursday, April 25, 2013 For 2013 to be a success for Italy's ENI much depends on the start-up date of its Kashagan oil field, offshore Kazakhstan, say analysts.

Thursday, April 25, 2013 A strong performance from oilfield services firm Technip's subsea business is not enough to prevent overall order intake declining by almost a third.

Wednesday, April 24, 2013 Sound Oil makes enhancements to its Badile drilling program designed to reduce the complexity and cost of the project.

Wednesday, April 24, 2013 The SPE London Section announces the 7th Annual Women in Energy event, to be held May 9.

Wednesday, April 24, 2013 Oil Consultants wins second Queen's Award for Enterprise in International Trade in four years.

Wednesday, April 24, 2013 Range Resources is proposing a merger with International Petroleum to see an enlarged company that will focus on projects in Russia, Trinidad and onshore Africa.

Wednesday, April 24, 2013 Eni says its first-quarter profit slid by 42% on the year, in line with expectations, after a sharp fall in total oil and gas output due to unexpected shutdowns at operations in Libya, Nigeria and the UK.

Wednesday, April 24, 2013 Total still expects its oil and gas output to grow 3% on average on an annual basis between 2011 and 2015, and then sees accelerated growth after 2017 as new projects come on stream.

Tuesday, April 23, 2013 Eden Scott's Lee Clark believes that operators should have targeted the Aberdeen graduate market five years ago in order to efficiently tackle the Great Crew Change.

Tuesday, April 23, 2013 Italian oilfield services firm Saipem says its first-quarter profit more than halved due to low-margin contracts in its engineering and construction businesses.