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Regional News: Europe & Russia

 
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Spain Appeals Planned Canary Island Vote On Oil Drilling
Friday, October 24, 2014 Spain's government launches an appeal in the Constitutional Court seeking to halt a Canary Islands referendum next month, Deputy Prime Minister Soraya Saenz de Santamaria says.

CEO: Russia's Rosneft Will Continue Drilling In Arctic
Friday, October 24, 2014 Russia's largest oil producer Rosneft will continue to drill in the Arctic Kara Sea on its own after the departure of ExxonMobil.

Oilfield Discovered Onshore UK near London's Gatwick Airport
Friday, October 24, 2014 Several UK-focused oil explorers believe there at up to 20 million barrels of oil at a new field discovered near Gatwick Airport in southern England.

Inside BP's Upstream Learning Center
Friday, October 24, 2014 Rigzone takes a look around BP's new Upstream Learning Center in Sunbury near London.

Norway's Seismic Surveyors Say Hit by Lower Oil Price
Thursday, October 23, 2014 Norwegian seismic survey firms TGS and PGS report a deterioration in demand from oil companies.

  



Russian Prosecutors Detain More Suspects In Total CEO Plane Crash
Thursday, October 23, 2014 Prosecutors detain four Moscow airport workers and deny bail to the driver of a snow plough involved in the plane crash that killed the CEO of Total earlier this week.

Russia Hopes Exxon Departure Won't Impact Wider Arctic Oil Exploration
Wednesday, October 22, 2014 Russia's Energy Minister hopes the suspension of work by US oil major Exxon Mobil in the Kara Sea will not affect wider offshore exploration in the Russian Arctic.

Total Names Pouyanne And Desmarest To Top Positions
Wednesday, October 22, 2014 Total appoints refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman.

Minister: Norway Oil Projects Face Delays over Costs
Tuesday, October 21, 2014 Several Norwegian oil and gas projects with development plans due in 2015 will be delayed because of high costs and technological challenges, says oil minister Tord Lien.

Russia's Gazprom Increases 2014 Investments to 1 Trillion Roubles
Tuesday, October 21, 2014 Russia's Gazprom increases its investment program for this year to $25 billion.

Total CEO de Margerie Killed In Moscow As Jet Hits Snow Plough
Tuesday, October 21, 2014 The chief executive of Total, Christophe de Margerie, was killed when a business jet collided with a snow plow during takeoff at Moscow's Vnukovo International Airport, the company and airport officials say.

OMV Posts Higher 3Q Output Helped by Libya, Norway
Monday, October 20, 2014 Austria's OMV raises production by five percent during the third quarter thanks to progress in Libya and Norway.

Songa Offshore Rig Suffers Engine Failure
Monday, October 20, 2014 Drilling firm Songa Offshore says its Songa Dee rig has suffered an engine failure.

Wressle-1 Well Confirms Potential Hydrocarbon-Bearing Zones
Monday, October 20, 2014 The Wressle-1 exploration well, onshore UK, confirms the presence of potential hydrocarbon-bearing zones in three separate intervals.

Russia's Gazprom Neft Sees Oil Price Returning To $95-110 Per Barrel
Friday, October 17, 2014 Gazprom Neft says it does not see a fall in the oil price as a long-term trend.

Petrofac Enjoys Most Successful Year for New Contracts
Friday, October 17, 2014 Petrofac is in line to make a profit of at least $580 million in 2014 after its most successful year for new awards.

Rosneft Says Projects Economically Viable Even If Oil Price Slips Further
Friday, October 17, 2014 Rosneft says the recent fall in oil prices is not critical for the company and it sees "no reason for concern".

Ophir CFO to Leave Company in Cost-Saving Move
Friday, October 17, 2014 Ophir Energy's CFO will leave the company on November 19 as part of a cost-saving reorganization.

If RWE Unit Sale to Fridman Falters, Hungary's MOL Still Keen
Thursday, October 16, 2014 MOL Group says it is still interested in buying RWE's DEA unit which holds 190 oil and gas licenses in Europe, the Middle East and North Africa if its sale to Russian billionaire is not approved.

ExxonMobil Votes With Feet To Stay In EU As Energy Laws Loom
Thursday, October 16, 2014 ExxonMobil is pouring $1 billion into an EU refinery, setting aside concerns about EU green energy rules that will cut demand for oil.

Det Norske Completes Marathon Oil Norge Acquisition
Thursday, October 16, 2014 Det norske oljeselskap completes its acquisition of Marathon Oil Norge, with its chief executive stating there would be no redundancies as a result of the takeover.

Statoil's CEO Quits For Top Job At BG Group
Wednesday, October 15, 2014 Statoil Chief Executive Helge Lund unexpectedly resigned to take the top job at smaller rival BG Group, the firms say in separate statements.

Russia's Transneft Says Halts Oil Flows Via Flawed ESPO Pipeline
Wednesday, October 15, 2014 Russia's Transneft halts oil supplies via its ESPO pipeline until Friday due to work aimed at removing a 'flaw'.

Gazprom Neft Expands in Orenburg Region of Russia
Wednesday, October 15, 2014 Gazprom Neft completes the acquisition of OOO Yugra-Intek, giving it a license to produce oil in the Kuvaisky licensing area of the Orenburg region of southern Russia.

Norwegian Seismic Surveyor PGS Warns on Profit
Wednesday, October 15, 2014 Norway's PGS cuts its 2014 earnings guidance again due to worsening demand from oil companies.

Rosneft Subsidiary Conducts Record Fracturing Op at Urengolskoe Field
Tuesday, October 14, 2014 Rosneft reports that its Rospan International subsidiary has carried out a record hydrofracturing operation on its Urengolskoe field, onshore Russia.

Lundin Strikes Oil in Barents Sea
Tuesday, October 14, 2014 Lundin finds up to 400 million barrels of recoverable oil equivalent at its Alta well in the Barents Sea.

OMV CEO Roiss To Go In Mid-2015 In Management Revamp
Tuesday, October 14, 2014 OMV CEO Gerhard Roiss will leave the Austrian energy group as of mid-2015 - nearly two years ahead of schedule.

IEA Sees 2015 Oil Demand Growth Much Lower, Supply Hitting Prices
Tuesday, October 14, 2014 Demand for oil in 2015 will grow far slower than previously forecast as global economies remain weak, the IEA says.

Oil Producer Afren Fires CEO, 3 Other Execs In Scandal
Tuesday, October 14, 2014 Afren sacks its chief executive, chief operating officer and two associate directors after an independent review into unauthorized payments found evidence of "gross misconduct".

Russia's Gazprom Says 2Q Net Profit Up 13%
Tuesday, October 14, 2014 Gazprom says its 2Q net profit was up 13% to $5.6 billion boosted by foreign exchange gains but still short of analysts expectations.

Sound Oil Signs Gas Sales Agreements
Monday, October 13, 2014 Italy-focused Sound Oil signs gas sales agreements for two fields, and agrees a deal to purchase land for its Badile exploration well.

Russian Oil Shift East Accelerates, Dictated by Politics
Monday, October 13, 2014 Russia is diverting more of its crude oil east with deliveries to China hitting a new record in September.

Saipem, Xodus and Chiyoda Launch New Firm to Tap Growth in Subsea Market
Friday, October 10, 2014 Saipem, Xodus and Chiyoda establish Xodus Subsea to tap growth in the subsea engineering market.

Norway's Statoil Makes Small Gas Find in Arctic
Friday, October 10, 2014 Statoil makes a small gas discovery in the Arctic near its Johan Castberg oil discovery.

Lego To Drop Shell Contract But Criticizes Greenpeace
Thursday, October 09, 2014 Lego criticizes Greenpeace's actions towards Shell and does not give a concrete reason for not renewing the contract.

OMV Board Panel Recommends Cutting Short CEO Contract
Thursday, October 09, 2014 OMV CEO Gerhard Roiss and the head of the company's gas division may see their tenures cut short before they run out in 2017, according to an Austrian newspaper.

IGas Plans Third UK Shale Gas Drill Next Month
Thursday, October 09, 2014 UK shale gas explorer IGas plans to drill its third well next month in the northwest of England.

Gazprom Deal On Track, Wintershall Says After Miller Comments
Thursday, October 09, 2014 Wintershall says a major gas trading and storage deal with Gazprom remains on track after comments by the boss of the Russian company led to speculation the deal may be altered.

Interview Tips for Getting that Oil, Gas Job
Wednesday, October 08, 2014 Rigzone talks to five recruitment professionals who work in the oil and gas industry about the dos and don'ts of interviewing for a job in the sector.

Russia's Lukoil Launches Siberian Oilfield As Sanctions Bite
Wednesday, October 08, 2014 Lukoil launches an oilfield in western Siberia ahead of schedule, a major step in its drive to prop up falling production and to weather US sanctions over Ukraine.

Norwegian Shipping Tycoon Plans To Merge Dry Bulk Shipping Assets
Wednesday, October 08, 2014 John Fredriksen plans to merge his dry bulk shipping arms Golden Ocean and Knightsbridge Shipping in an attempt to fight off a downturn in the sector and create one of its biggest fleets.

Govt: Norway's New Oil Developments Suffer Cost Blowouts
Wednesday, October 08, 2014 Several key oil and gas developments in Norway will cost much more than earlier expected and fields with approved development plans are now seen 10% more expensive than originally planned.

Gazprom Output To Rise 5% In 2015 After Fall This Year
Tuesday, October 07, 2014 Russia's Gazprom expects its gas output to increase by around five percent in 2015, after this year's production is expected to fall to an all-time low.

Eni Review Raises Questions about 'Age of Gas'
Monday, October 06, 2014 Growth in global oil demand outstrips that of gas, according to Eni oil and gas review for 2013.

Faroe Wins Irish Licensing Options
Monday, October 06, 2014 Faroe Petroleum wins three licensing options from the Irish government covering a shallow water area off the southern coast of Ireland in the Celtic Sea.

Gazprom Neft Says Shell Suspends Russian Tight Oil Project
Friday, October 03, 2014 Shell is suspending development of hard-to-recover oil in Russia's Bazhenov formation with Gasprom Neft after the West imposed sanctions on Russia.

Kommersant: Russia's Lukoil Sells its Stake in Venezuela Project to Rosneft
Friday, October 03, 2014 Lukoil sells its 20-percent state in a consortium developing a large oil project in Venezuela to its Russian peer, Rosneft.

Foreign-Owned Projects Boost Russian Oil Output in Sept
Thursday, October 02, 2014 Foreign-led projects lifted Russian oil output last month to within reach of a post-Soviet record, showing the potential in the country's existing fields, which are largely unaffected by Western sanctions over Ukraine.

Greece Expects To Sign Major Oil Test Drilling Contracts By October 2015
Wednesday, October 01, 2014 Greece expects to sign contracts for the first large-scale oil test drilling in its western and southern waters by October 2015, ministry officials say.

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