Regional News: Europe & Russia

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OPEC, Russia to Stand Pat on Oil Deal Even as Glut Persists
Friday, July 21, 2017 OPEC and Russia's plan to clear the global oil glut hasn't worked as they hoped, but there's little expectation the world's largest producers will act more aggressively when they meet this weekend.

EU Court Rejects Polish Bid To Halt Opal Pipeline Deal, Verdict In 2019
Friday, July 21, 2017 A European Commission deal giving Gazprom a bigger share of the Opal gas pipeline can go ahead for now until a ruling is issued in 2019.

Greenpeace Activists Protest Near Oil Rig In Norway's Arctic Sea Area
Friday, July 21, 2017 Environmental activists protest near an offshore rig contracted by Statoil in the remote Norwegian Arctic.

Schlumberger Buys Eurasia Drilling Stake In Test Of Russia-US Ties
Friday, July 21, 2017 Schlumberger NV has agreed to buy a 51% stake in Russian peer Eurasia Drilling Co (EDC) in a deal likely to test Russia-US ties.

CEO: France's GTT Sees Opportunities In Increased Gas Production
Thursday, July 20, 2017 GTT can benefit in the coming years from increased LNG supply as it will boost the need for transportation, Chief Executive Philippe Berterottiere says.


Exxon Fined for Russia Sanctions Violations Under Tillerson
Thursday, July 20, 2017 The Treasury Department fined ExxonMobil $2 million for "egregious" violations of sanctions against Russia when now-Secretary of State Rex Tillerson was chief executive.

French Court Repeals Law On Regulated Gas Prices
Wednesday, July 19, 2017 France's highest administrative court repeals a law on regulated gas prices.

Irish Gas Grid Could Receive LNG from South Texas
Wednesday, July 19, 2017 Texas-based NextDecade and Ireland's Port of Cork Co. will hold exclusive talks.

German Diesel Makers Get Reprieve as Home States Reject Bans
Tuesday, July 18, 2017 Germany is wrestling over the future of diesel autos.

Big Oil Sees Salvation in Gas, But What If It's a Wrong Bet?
Tuesday, July 18, 2017 The trends that are undercutting optimism about the global gas outlook are already playing out in Europe.

New UK Listing Rules Set to Attract State Companies Beyond Aramco
Monday, July 17, 2017 Saudi Arabia, Oman and Abu Dhabi have all announced plans in the past year to float some of their oil assets.

US Said to Stymie Japan's Plan to Explore for Russian Oil
Friday, July 14, 2017 A Japanese group's plans to explore for Russian oil with Rosneft PJSC have been stymied by US intervention over sanctions, according to people.

Big Oil Just Woke Up to Threat of Rising Electric Car Demand
Friday, July 14, 2017 The world's biggest oil producers are starting to take electric vehicles seriously as a long-term threat.

Poland Sees North-South Gas Corridor Ready By 2022
Thursday, July 13, 2017 Gaz-System expects the North-South Gas Corridor linking LNG terminals in Poland and Croatia to be ready by 2022.

Britain Seeks Looser IPO Rules To Lure Saudi Aramco, Worries Investors
Thursday, July 13, 2017 Britain wants to loosen rules on listing state companies in a move that could help London win the lucrative IPO of oil giant Saudi Aramco but has raised fears for minority investors.

Oil Bosses See More Pain as Price Recovery Slips to 2020
Thursday, July 13, 2017 Three years into the biggest oil downturn in a generation, industry bosses see the recovery slipping further from view.

Ophir Energy Cuts Cost; Eliminates Staff
Wednesday, July 12, 2017 British oil and gas explorer cuts 15% of its global workforce as it "right sizes" for new FLNG Project.

Shell To Sell Stake In Corrib Gas Field In Ireland For $1.23B
Wednesday, July 12, 2017 Shell to sell its 45% stake in the Corrib gas venture to a unit of Canada Pension Plan Investment Board (CPPIB) for up to $1.23 billion

British Oil Probe Shows Value of Reading the Small Print: Gadfly
Wednesday, July 12, 2017 The risk of a probe has loomed over the transaction, unveiled in March, for months.

IEA: Electricity Investment Overtakes Oil, Gas for First Time Ever in 2016
Tuesday, July 11, 2017 Investments in electricity surpassed those in oil and gas for the first time ever in 2016 on a spending splurge on renewable energy and power grids as the fall in crude prices led to deep cuts, the International Energy Agency (IEA) said.

France's Arkema Looks to Specialty Chemicals to Drive Growth
Tuesday, July 11, 2017 Arkema plans to invest around 300 million euros ($341.76 million) to achieve a 50 percent production capacity increase for polyamide 11.

Shell Mulls LNG-Hub Network as Use by Ships and Trucks Expands
Tuesday, July 11, 2017 Royal Dutch Shell Plc, the oil company that spent more than $50 billion to buy natural-gas producer BG Group Plc, is looking to expand demand for the fuel in transport to ensure its output is consumed.

UK SFO Opens Bribery Investigation Into Amec Foster Wheeler
Tuesday, July 11, 2017 UK prosecutors opened an investigation into Amec Foster Wheeler over possible bribery and corruption linked to its use of third parties, though the company reassured shareholders it was "not expected" to affect its $2.2B takeover by Wood Group Plc.

Oil Could Hit $60 Before Year-End
Monday, July 10, 2017 Accelerating world oil demand and reduced supply from the Organization of the Petroleum Exporting Countries (OPEC) could push crude prices up to $60 a barrel before the end of the year.

UK Firm Launches, Aims to Address Skills Needs of Marine Energy Sector
Monday, July 10, 2017 A new UK-based company 'which aims to address the immediate and long-term skills needs of the global marine energy sector', launches July 10.

Gazprom Says Possible U.S. Sanctions May Delay Nord Stream 2, Turkish Strm
Monday, July 10, 2017 Potential new U.S. sanctions against Moscow may delay some of Gazprom's projects.

Shell Plans to Spend $1 Billion a Year on Clean Energy by 2020
Monday, July 10, 2017 Shell plans to spend as much as $1 billion a year on its New Energies division as the transition toward renewable power and electric cars accelerates.

Repsol, Gazprom Neft in Collaboration Deal
Monday, July 10, 2017 The Chief Executive Officers of Repsol and Gazprom Neft, Josu Jon Imaz and Alexander Dyukov, sign a memorandum of understanding to increase collaboration between both companies in West Siberia.

Urals Differentials Dip, But Still Close To 2-Year Highs
Monday, July 10, 2017 Urals crude differentials in northwest Europe inched lower, but remain close to 2-year highs.

New Wood Group Services Deal to Create Jobs
Monday, July 10, 2017 Wood Group secures a new contract by Maersk to deliver mechanical and management services for the hook-up and commissioning of the Culzean gas condensate field in the UK central North Sea.

Ocean Installer Secures Subsea Work with Statoil
Friday, July 07, 2017 Ocean Installer has been awarded a contract for subsea installations and tie-in operations for Statoil on Johan Sverdrup, as well as Utgard and Bauge.

Hungary Commits to Russia Gas Route as Poland Looks to US
Friday, July 07, 2017 Hungary sees a new pipeline for Russian gas as the "only realistic" step toward energy diversification now, Foreign Minister Peter Szijjarto said.

Driving Under the Influence in Car Powered by Whisky Biofuel
Friday, July 07, 2017 Alcohol and automobiles famously do not mix - but one Scottish scientist has disproved that maxim.

Adviser Urges French Court to End Regulated Gas Tariffs
Friday, July 07, 2017 Could regulated gas tariffs end in France?

Russia To Keep Cooperating With Others To Harmonize Energy Markets
Friday, July 07, 2017 President Vladimir Putin says that Russia plans to keep cooperating with other countries to harmonize global energy markets and reduce price volatility.

Top 10 Highest Paying Oil Jobs for Graduates
Friday, July 07, 2017 Rigzone outlines the top paying oil jobs for grads.

Poland, Croatia Gas Operators to Speed Up North-South Gas Corridor
Friday, July 07, 2017 The deal is designed to boost the LNG market in central Europe, the operators said.

Total CEO Hopes Britain Will Remain in the European Union
Friday, July 07, 2017 The French oil major, Europe's second-largest, is a major oil producer in the British North Sea.

Scottish Labour Says Oil, Gas Must Be Built Upon
Friday, July 07, 2017 The Scottish Labour Party states that the shipbuilding, engineering and oil and gas sectors must be built upon in its recently released Industrial Strategy document for the country.

Climate Change Action Needs To Go Beyond Paris Accord, Macron Says
Thursday, July 06, 2017 Climate change action needs to go beyond the 2015 Paris agreement, French President Emmanuel Macron says.

Gazprom Strengthens Ties with Hungary
Thursday, July 06, 2017 Gazprom and the Hungarian Ministry of Foreign Affairs and Trade have agreed to advance cooperation.

Poland Expects Long Term Deal For US LNG Supplies
Thursday, July 06, 2017 Poland expects to sign a long-term deal for LNG supplies from the US to reduce its reliance on Russian gas.

EU Countries Lack Investment Strategy In Shift To Low-Carbon Economy
Thursday, July 06, 2017 Most European Union countries lack a clear strategy for redirecting public and private funds towards more sustainable investments as they shift to a low-carbon economy.

Snefrid Nord Gas Discovery Gets Thumbs Up
Thursday, July 06, 2017 Statoil and its partners have decided to develop the Snefrid Nord gas discovery near the Aasta Hansteen field in the Norwegian Sea.

OCA Invites Unions for Fresh Talks
Thursday, July 06, 2017 The Offshore Contractors' Association has invited trade unions to take part in fresh talks this week, in an effort to bring a pay dispute to an end.

Total Says Martin Linge Oil Field Startup Delayed Until 2019
Thursday, July 06, 2017 Total says that the start of production at the Martin Linge oil and gas field located in the North Sea off the coast of Norway has been delayed following a previously-reported accident.

Oil & Gas UK Invites Nominations for Annual Ceremony
Wednesday, July 05, 2017 Industry body Oil & Gas UK invites the sector to submit nominations for its 2017 annual award ceremony.

Hungary Joins Gazprom Pipeline, As Trump Touts US LNG
Wednesday, July 05, 2017 Hungary signs a deal with Gazprom to link the country with the Turkish Stream pipeline by end-2019, a day ahead of President Trump's trip to Poland, where he is expected to promote US LNG exports.

UK Services Firm Hits Employee Milestone
Wednesday, July 05, 2017 Francis Brown Limited, a UK provider of fabrications and engineering, has recorded one of its most successful years to date.

Poland Hopes To Tap Trump's Business Acumen At Regional Summit
Tuesday, July 04, 2017 - Poland hopes to woo Donald Trump the businessman with new investment opportunities in eastern Europe.

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