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Regional News: Europe & Russia

 
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Shell Appoints New Chairman, Reports Upbeat 3Q Results
Thursday, October 30, 2014 Royal Dutch Shell appoints a new chairman to its board and reports earnings six percent ahead of expectations.

Eni Sticks to Production Guidance after 3Q Slowdown
Thursday, October 30, 2014 Italy's Eni reiterates its full-year production outlook as its third-quarter net profit increases 2.5 percent.

Afren Evaluating Restatement of Accounts; Output Falls
Thursday, October 30, 2014 Independent oil firm Afren is looking at restating its historic financial information after the completion of an independent accounting review of unauthorized payments.

Enhanced Oil Recovery: Can Chemical EOR Take Off?
Thursday, October 30, 2014 In the second of three articles focused on enhanced oil recovery, research firm Visiongain looks at how chemical EOR is moving from a pilot phase to commercial scale.

Oil Services Group Technip Eases Concerns Over Oil Sector Strife
Thursday, October 30, 2014 Technip reports greater-than-expected 3Q profit and revenue, easing concerns about oil sector strife.

  



UK Juniors Apply for Isle of Wight License
Wednesday, October 29, 2014 A group of UK-focused junior oil firms submit an application for a license covering an onshore area of the Isle of Wight in the 14th Landward Licence Round.

3D Software Allows Greater Clarity in Well Completion Design
Wednesday, October 29, 2014 Baker Hughes says its new 3D completion design software addresses the need for a clear picture in the well completion design process.

Oilfield Suppliers Launch Products, Services at SPE Amsterdam
Wednesday, October 29, 2014 Rigzone takes a look at a few of the products and services that have been announced by oilfield equipment and services suppliers at this year's SPE technical conference and exhibition in Amsterdam.

France's Total Beats 3Q Profit Forecasts, CEO To Visit Oil Leaders
Wednesday, October 29, 2014 Total's new CEO Patrick Pouyanne will embark on a tour to meet crucial contacts at oil-rich countries as the firm's 3Q profits are squeezed by falling oil prices.

Baker Hughes Launches MultiNode Intelligent Well System
Tuesday, October 28, 2014 Rigzone catches up with Baker Hughes at the Society of Petroleum Engineers annual conference in Amsterdam to find out about its new MultiNode intelligent well system.

Norway's Fred. Olsen Energy Sees Tough Rig Market Ahead
Tuesday, October 28, 2014 Fred. Olsen Energy says the global rig market will struggle with lower demand and oversupply.

BP Posts Slump In Russian Income But Raises Dividend
Tuesday, October 28, 2014 BP increases dividends for its third quarter as it sees a jump in operating cash flow.

BG posts Bigger-Than-Expected Fall in Profit
Tuesday, October 28, 2014 BG Group reports a worse-than-expected, 26-percent fall in its third-quarter operating profit.

Jee Ltd. Wins Pioneering Cable Solutions Gig
Tuesday, October 28, 2014 Jee Ltd. wins a contract from Scottish Enterprise to develop subsea electrical array cable solutions for tidal energy installations.

Faster ROPs behind Launch of New Drillbit Technologies
Tuesday, October 28, 2014 The desire for quicker rates of penetration in drilling has led to development of a new concept for drillbits.

Maersk: Drilling Industry Dip Could Last Into 2016
Tuesday, October 28, 2014 The global offshore oil rig market's downturn could last into 2016, longer than seen a few months ago as a fall in oil prices exacerbates the dip, the chief executive of Maersk Drilling says.

Board Change at Seadrill
Monday, October 27, 2014 Orjan Svanevik replaces Carl Erik Steen on Seadrill's board.

Energy Firm Galp's Profit More than Doubles, Beats Forecast
Monday, October 27, 2014 Portugal's Galp Energia posts a forecast-busting 112-percent increase in third-quarter profits.

Saipem Wins Engineering, Drilling Deals Worth $2 Billion
Monday, October 27, 2014 Saipem says it won around $2 billion worth of engineering, construction and drilling contracts in the Middle East and Latin America.

Salamander Confirms Receiving Ophir's Takeover Proposal
Monday, October 27, 2014 Salamander Energy confirms receiving a conditional proposal from Ophir Energy regarding a potential offer for the company, .

Oil Price, Industry Costs Dominate Debate at SPE Amsterdam Meet
Monday, October 27, 2014 The oil price and the need for the oil and gas sector to reduce its operating costs dominate the debate at the opening session of the SPE's Annual Technical Conference and Exhibition in Amsterdam.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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'.

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.

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.

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.

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".

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.

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.

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