Regional News: Europe & Russia

 
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Russia's Rosneft, US Exxon Jointly Bid for Fields in Mozambique
Thursday, July 30, 2015 Russia's Rosneft and ExxonMobil jointly apply to participate in a tender for hydrocarbon fields in Mozambique.

Oil & Gas UK Launches New Guidelines on Planned Maintenance Shutdowns
Thursday, July 30, 2015 Oil & Gas UK launches new guidelines in an attempt to minimize the frequency and duration of planned maintenance shutdowns and improve the reliability and safety of installations on the UK Continental Shelf.

Shell, Centrica to Cut More Than 12,000 Jobs by 2020
Thursday, July 30, 2015 Shell and Centrica reveal plans to axe more than 12,000 jobs by 2020.

Spain's Repsol Says to Maintain Capex Thanks to Talisman
Thursday, July 30, 2015 Spain's Repsol will maintain exploration capex at around $4.5 billion this year and next thanks to its takeover of Talisman.

Technip Swings to Loss As Oil Industry Downturn Lasts
Thursday, July 30, 2015 Technip swings to a loss in the second quarter after Europe's biggest oil-services provider took a writedown amid an industry downturn it expects to last for longer than anticipated.

  


Marathon, OMV Hand Back Croatia Oil Exploration Licences
Wednesday, July 29, 2015 Marathon Oil and OMV return seven offshore oil and gas licenses to Croatia.

Total Sells West of Shetland Assets after Robust 2Q Performance
Wednesday, July 29, 2015 French oil major Total is to sell minority interests in a handful of West of Shetland fields after producing a robust performance during the second quarter of 2015.

UK Oil, Gas Industry Companies More Optimistic in 2Q
Wednesday, July 29, 2015 Companies in the UK oil and gas industry are becoming more optimistic about the sector, according to Oil & Gas UK's latest Business Sentiment Index.

Subsea 7 to Cut Costs by $550 Million, Increases Vessel Reduction Plan
Wednesday, July 29, 2015 Subsea 7 will cut costs by approximately $550 million by early 2016, confirming plans to axe employees and vessels first announced in May this year.

BP Misses 2nd Quarter Profit Forecast on Spill Charge
Tuesday, July 28, 2015 BP misses 2Q 2015 profit expectations due to a $9.8 billion pre-tax charge related to the 2010 Macondo oil spill.

PTS Warns UK Seafarers to be Prepared for Regulatory Changes
Tuesday, July 28, 2015 Petrofac Training Services warns UK seafarers to be prepared for upcoming changes to the Standards of Training, Certification and Watchkeeping, which are due to come into force on January 1, 2017.

Russia's Gazprom Gas Output Seen at All-Time Low in 2015
Tuesday, July 28, 2015 Russia's Economy Ministry expects gas production at Gazprom to decline to an all-time low due to sluggish demand and a fall in upstream investments.

Attack Halts Flow in Natural Gas Pipeline from Iran to Turkey
Tuesday, July 28, 2015 Saboteurs attack a pipeline carrying natural gas from Iran to Turkey, according to the Turkish energy minister.

Oil Contractor Saipem Slashes Guidance And Jobs In Turnaround Plan
Tuesday, July 28, 2015 Saipem slashes its guidance for the year as it books writedowns of $1B and announces a restructuring plan that includes 8,800 job losses as it cuts costs to counter falling oil prices.

European Majors Reap Benefits of Cost-Cutting Measures
Tuesday, July 28, 2015 Statoil and BP are reaping the benefits of cost cutting across their operations.

Statoil CEO Sees Oil at $80 by 2018
Tuesday, July 28, 2015 Statoil CEO Eldar Saetre sees the price of oil climbing to $80 per barrel by 2018.

Vermilion Energy Enters Farm-in Agreement in Germany
Tuesday, July 28, 2015 Vermilion Energy enters into a farm-in agreement with Mobil Erdgas-Erdol and BEB Erdgas und Erdol.

What Now for UK Shale Gas?
Monday, July 27, 2015 Rigzone asks UKOOG Chief Executive Ken Cronin what's next for the UK's nascent shale gas industry.

Galp Produces Solid Results for 2Q 2015
Monday, July 27, 2015 Portugal's Galp Energia produces 'another solid upstream result' according to analysts who follow the firm.

Wood Mac: Deep-Sea Oil Projects Make Up Most of $200B Deferrals
Monday, July 27, 2015 Oil and gas projects in deep basins account for most of the deferred investments worth more than $200 billion made due to the oil price crash, analysts say.

Saipem Hires Bain to Get in Shape for Cheaper Oil
Friday, July 24, 2015 Italian oil contractor Saipem is working with consultant Bain & Company to draw up a restructuring plan to help it cut costs and counter falling oil prices.

Aggreko Issues Profit Warning Due to Oil, Gas Slowdown
Friday, July 24, 2015 UK temporary power firm Aggreko sees lower profit for this year due to a slowdown in the oil and gas market.

Vissim Secures Marine Radar System Contract for Johan Sverdrup Facility
Friday, July 24, 2015 Vissim secures a contract to supply, install and commission a marine radar system for the Statoil operated Johan Sverdrup facility.

Iran Eyes $185B Oil, Gas Projects after Sanctions
Thursday, July 23, 2015 Iran outlines plans for the rebuilding of its core industries and trade links in the wake of a nuclear agreement with world powers, saying it is targeting $185 billion of oil and gas projects.

Cuadrilla Appeals Council's Shale Gas Planning Refusals
Thursday, July 23, 2015 Cuadrilla Resources says it will appeal decisions made last month by a local authority in northwest England to refuse planning applications for shale gas exploration sites.

Shell Bids to Drill 2 Albanian Onshore Blocks
Thursday, July 23, 2015 A Royal Dutch Shell and Petromanas joint venture has applied to drill 2 onshore blocks in central Albania, an official told Reuters on Thursday.

Europa Raises Funds Ahead of UK, Irish License Awards
Thursday, July 23, 2015 Europa raises funds ahead of license round awards in the UK and Ireland.

Russia's Sakhalin-2 LNG Plant Completes One Month of Maintenance
Thursday, July 23, 2015 Russia's Sakhalin-2 LNG export plans, controlled by Gazprom, completes one month of maintenance, according to a spokesperson.

PGS Reveals $80 Million Year-on-Year Revenue Loss in 2Q 2015
Thursday, July 23, 2015 PGS reveals a revenue loss of over $80 Million in 2Q 2015, compared to the same period last year.

Statoil and Total E&P Make North Sea Gas, Condensate Discovery
Thursday, July 23, 2015 Statoil makes a gas and condensate discovery in the North Sea's Julius prospect, with the help of its PL146/PL333 partner Total E&P Norge.

PetroNeft Brings Tungolskoye's T-503 Well in Western Siberia Online
Wednesday, July 22, 2015 PetroNeft commences oil production from Tungolskoye's T-503 well, which is located in License 61 in Western Siberia.

Exillon Energy's Production Output Declines
Wednesday, July 22, 2015 Exillon Energy, which holds assets in two oil-rich regions of Russia, reveals that its average daily production figures are declining.

Statoil: First Production Well Spuds at Gina Krog
Wednesday, July 22, 2015 Statoil announces that the first production well has been spud at Gina Krog, just eight days after the Maersk Integrator (492' ILC) drilling rig arrived at the North Sea field.

Lundin Increases Exploration Spending in 2Q 2015
Tuesday, July 21, 2015 Lundin Petroleum increases its exploration spending for 2Q 2015 by $16 million, compared to the first quarter of 2015.

Oil & Gas UK Releases Updated Guidelines for Well Abandonment
Tuesday, July 21, 2015 Oil & Gas UK releases updated guidelines for the abandonment of wells, along with accompanying guidance on generating cost estimates to support this activity.

Technip Wins TAP Pipeline Project Management Work
Tuesday, July 21, 2015 France's Technip wins a project management consultancy contract for the Trans Adriatic Pipeline.

Wressle-1 Well Test Exceeds Expectations
Tuesday, July 21, 2015 Europa Oil & Gas reports that an ongoing extended well test on the Wressle-1 oil and gas well in east Lincolnshire, UK, is producing hydrocarbons at more than 180 barrels per day.

San Leon Energy Drops Polish Licenses to Cut Costs
Tuesday, July 21, 2015 San Leon Energy removes a number of Polish licenses from its portfolio, in order to reduce costs.

Searcher Seismic Completes Echidna Seismic Survey Offshore Ireland
Tuesday, July 21, 2015 Searcher Seismic and MAGE complete acquisition of the Echidna seismic survey offshore Ireland.

Oil Guru Who Called 2014 Slump Sees Return to $100 Crude by 2020
Tuesday, July 21, 2015 The oil guru who predicted last year's rout says $100-a-barrel crude is likely to return within five years as faltering supply fails to meet demand.

PKN and PGNiG Extend Cooperation in Search for Polish Oil, Gas
Monday, July 20, 2015 PGNiG and PKN Orlen join forces in the search for gas and oil resources in the mountains of southeast Poland.

Greek Energy Minister Replaced Following Bailout Objection
Monday, July 20, 2015 Greek Energy Minister Panagiotis Lafazanis is replaced by former Labor Minister Panos Skourletis over the weekend, after voting against a bailout deal that the Greek Prime Minister recently agreed to.

FT: Shell Expected to Reduce Capex for the Year
Monday, July 20, 2015 Shell, which is all set to acquire rival BG, may cut its capital expenditure for the year by several billion dollars from the previously announced $33 billion figure, the Financial Times reports.

Kommersant: France's Total Eyes LNG, Oil Projects in Iran
Friday, July 17, 2015 France's Total is eyeing liquefied natural gas and oil projects in Iran, Russian business daily Kommersant reports.

Statoil To Start World's First Subsea Gas Compressor In September
Friday, July 17, 2015 Norway's Statoil plans to commission in September the world's first subsea gas compression facility, a technology that could prove significant for oil companies as they seek to move offshore equipment to the seabed, away from ice and storms.

Schlumberger Remains 'Very Confident' amid Downturn
Friday, July 17, 2015 Schlumberger remains "very confident" in its capacity to weather the current downturn in oil and gas better than competitors in spite of a 12% fall in 2Q revenue.

Ukraine Has 12.5 bcm Of Gas In Reserves, Considers LNG
Friday, July 17, 2015 Ukraine has collected 12.5 billion cubic metres (bcm) of gas in underground storage as of July 17, still short of the 18-19 bcm it aims to have in reserve before mid-October, according to the country's gas transport monopoly.

The UK Offshore Sector in a $60 World: Q&A with Deirdre Michie
Thursday, July 16, 2015 Rigzone talks to Deirdre Michie, the new chief executive of Oil & Gas UK, about developing an offshore industry in the UK that is sustainable at a $60 per barrel oil price.

Akastor Appoints New CEO
Thursday, July 16, 2015 Oil-services investment company Akastor appoints Kristian Rokke as its chief executive officer, effective August 10, 2015.

Sound Oil to Begin Commercial Production from Nervesa Well
Thursday, July 16, 2015 Sound Oil can begin commercial production from the Nervesa well, onshore Italy, following the Italian Ministry of Economic Development's decision to award the company a production concession for the project.

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