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Regional News: Europe & Russia

 
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Shell Commited To Russia Expansion Despite Sanctions
Friday, April 18, 2014 President Vladimir Putin pledges to support Shell's Russia expansion plans at a meeting with the company's chief executive Ben van Beurden.

Russia Ships First Oil From Disputed Offshore Arctic Platform
Friday, April 18, 2014 President Putin hails Russia's first shipment of Arctic offshore oil, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Paper: Voestalpine CEO Calls For Europe To Frack In Low-Density Areas
Friday, April 18, 2014 Europe should consider allowing fracking for shale gas in sparsely populated areas, the chief executive of Voestalpine told a German newspaper.

Minister: Oil, Gas Firms Committed To Russia Despite Sanctions
Friday, April 18, 2014 Russian and international majors are cooperating as usual despite sanctions imposed over Ukraine and Russia's South Stream pipeline project is going ahead, Energy Minister Alexander Novak says.

Providence Offered Upgrade to its Newgrange Licensing Option
Thursday, April 17, 2014 Providence Resources is offered the opportunity to convert its Newgrange licensing option, offshore Ireland, into a Frontier Exploration Licence.

  



Eurasia Drilling 1Q Sales Down on Rouble, Restructuring
Thursday, April 17, 2014 Russia's Eurasia Drilling Company reports 12-percent fall in 1Q sales due to a weaker rouble and client restructuring.

Eni, Ukraine Agree On Need To Increase Gas Production
Thursday, April 17, 2014 Eni's Poalo Scaroni and Ukraine's energy minister agree on the need to increase gas production in the country, which is at the center of escalating tensions with Russia.

Schlumberger Hurt By Reduced Drilling, Weak Pricing In Latam
Thursday, April 17, 2014 Schlumberger reports a profit that beat analysts' estimates, but revenue fell short of expectations due to reduced drilling and pricing pressure in Latin America.

Stable North American Market Drives Revenues at Enteq
Wednesday, April 16, 2014 More stable North American markets drive revenue growth at Enteq.

Minister: Passage of South Stream Pipeline via Turkey Possible
Wednesday, April 16, 2014 Turkey would consider allowing the South Stream pipeline to pass through its territory if Moscow made such a request, according to Energy Minister Taner Yildiz.

Ruspetro Gets 20-Year Extension to Vostochno-Inginsky License
Tuesday, April 15, 2014 Ruspetro sees its Vostochno-Inginsky license in the Western Siberia extended to 2034.

Galp Beats Expectations with Big Oil Output Increase
Tuesday, April 15, 2014 Portugal's Galp sees oil and gas output jump by more than 19 percent during the first quarter of 2014.

BP Head Says Russian Business Unaffected by Sanctions
Tuesday, April 15, 2014 Western sanctions over Russia's actions in Ukraine are not affecting BP's business in Russia, says BP boss Bob Dudley.

France's Total Calls Time on Polish Shale License
Monday, April 14, 2014 France's Total chooses not to renew its only shale gas exploration license in Poland, according to a company spokesman.

Eni's New Head Caught Between Russia And The New frontiers
Monday, April 14, 2014 Claudio Descalzi faces a delicate balancing act as he takes the helm of Italian oil major Eni.

Italy Set to Make Sweeping Management Changes at State Firms
Monday, April 14, 2014 Italy is set to announce sweeping changes to the top management at state-backed firms, including oil group Eni

Russia, China Aim to Finish Gas Talks before Putin's May Visit
Monday, April 14, 2014 Russia and China aim to wrap up a 10-year series of talks about Russian gas supplies before Russian President Vladimir Putin visits China in May.

Repsol Hired 1,062 New Employees in 2013
Monday, April 14, 2014 Repsol hires 1,062 new employees, while training 800 students, in 2013.

Crimea: the Oil and Gas Story
Monday, April 14, 2014 The recent annexation of the Crimea region could land Russia with substantial Black Sea gas and oil resources off the peninsula's southwest and east coasts.

BP Competition Winners Look Forward to Alaska Trip
Friday, April 11, 2014 Rigzone talks to Christopher Clay, a member of Oxford University's winning team in the UK version of this year's Ultimate Field Trip competition run by BP.

MOG Receives 1st Payment Following Malta Case
Friday, April 11, 2014 Leni Gas & Oil pays Mediterranean Oil & Gas $1 million of the $2.5 million it owes MOG after the failure of its court case over a 2012 Maltese license deal.

Arctic Gas Project Backs Political Strategy as Russia Turns East
Friday, April 11, 2014 On the Arctic tundra far to the north of Moscow, Russia is charting a course for a liquefied natural gas project away from the West and towards Asia.

BP Says Can Act As Bridge Between Russia And West
Thursday, April 10, 2014 BP can help enhance relations between Russia and the West and is talking to politicians across the world, executives say.

GDF Drills Dry Well in Arctic Barents Sea
Thursday, April 10, 2014 France's GDF drills a dry well in the Arctic Barents sea approximately 40 miles southwest of the Johan Castberg fields.

VNG's Pil Well Flows at 6,710 Bopd
Thursday, April 10, 2014 VNG Norge flows the Pil well in the Norwegian Sea on the P586 license at 6,710 barrels of oil per day.

Paper: Rosneft CEO's Son Ivan Joins Company's Offshore Division
Tuesday, April 08, 2014 Rosneft CEO's son joins the state oil company to work on offshore projects, according to the Kommersant newspaper.

Energy Companies Need Insurance Cover For Cyber Attack 'Time Bomb'
Tuesday, April 08, 2014 Energy companies have no insurance against major cyber attacks, reinsurance broker Willis says, likening the threat to a "time bomb" that could cost the industry billions of dollars.

Britain Warns Scots That Independence Would Hurt Energy Industry
Tuesday, April 08, 2014 Britain warns Scots that voting for independence would threaten the commercial viability of North Sea oil and gas fields and renewable energy projects.

Douglas-Westwood Offers Views on Long-Term Growth in Oil, Gas Drilling
Tuesday, April 08, 2014 Douglas-Westwood offers views on long-term growth in oil and gas drilling in its latest edition of DW Monday.

OMV To Pay Higher Austrian Oil And Gas Royalties
Tuesday, April 08, 2014 OMV will have to pay higher royalties for oil and gas production in Austria backdated to the start of this year, its chief executive says.

Norway to Boost Oil Project Oversight after Cost Overruns
Tuesday, April 08, 2014 Norway's Oil Directorate Head says the country is growing increasingly intolerant of delays and cost overruns at offshore oil projects.

Songa Offshore Expects to Secure Financing for Remaining Rigs
Tuesday, April 08, 2014 Songa Offshore is confident it can raise the debt it needs to pay for the last two rig new-builds it has ordered, according to its CEO.

Crimea Cost Ukraine Over $10B In Lost Natural Resources
Monday, April 07, 2014 Ukraine's ecology and natural resources minister estimates that Kiev has lost natural resources and related assets worth $10.8 billion when Russia annexed the Crimea region.

Gazprom Neft CEO Says Russian Oil Company Could Look Eastward if Sanctions
Sunday, April 06, 2014 Gazprom Neft is ready to move away from dollars in its contracts and redirect oil flows to Asia it hit by sanctions.

Long-Term Outlook for Recruitment at BP 'Remains Positive'
Friday, April 04, 2014 Recruitment outlook for BP "remains positive" in spite of a limit on spending by the oil major in 2014.

British Engineer Kentz Appoints Meg Lassarat CFO
Friday, April 04, 2014 Energy sector engineer Kentz Corporation appoints former UniversalPegasus International executive as its new CFO.

Odfjell Drilling Takes Major Stake in Robotic Drilling Systems
Friday, April 04, 2014 Odjfell Drilling takes a major stake in Robotic Drilling Systems, the owner of a robotic drill-floor system aimed at improving safety and efficiency in drilling operations.

UK Oil, Gas Sector Could Create 39,000 Jobs in 2014
Friday, April 04, 2014 A Bank of Scotland survey report says that the UK oil and gas sector could create 39,000 new jobs in 2014.

Specialist Subsea Services Buys New FMC ROVs
Friday, April 04, 2014 Specialist Subsea Services (S3) announces the purchase of two new ROVs from FMC Technologies Schilling Robotics.

France's Total Gets Rights to Explore Russian Shale Oil
Thursday, April 03, 2014 Total secures the rights to explore shale oil blocks in West Siberia, according to an official.

Croatia Launches First Offshore Licensing Round
Wednesday, April 02, 2014 Croatia's Minister of Economy Ivan Vrdoljak officially opens Croatia's first offshore license round.

Seadrill Wins $319M Jackup Contracts
Wednesday, April 02, 2014 Offshore driller Seadrill wins $319 million of contracts for its jack-up rigs.

Norway Industrial Workers Avert Strike With Wage Deal
Wednesday, April 02, 2014 Norwegian industrial workers reach a last minute wage deal, averting a strike that would have involved some of the country's top oil services firms, unions and employers say.

Rosneft Buys Orenburg Drilling Company
Wednesday, April 02, 2014 Rosneft reports that it has acquired Orenburg Drilling Company in a move designed to reequip its drilling fleet.

SBM Offshore Says Agents May Have Bribed Officials in Africa
Wednesday, April 02, 2014 SBM Offshore NV reveals that an internal investigation had found evidence that agents in Angola and Equatorial Guinea may have bribed government officials.

Hollande Ex, Royal, Named French Energy and Environment Minister
Wednesday, April 02, 2014 Segolene Royal, the ex-partner of French President Francois Holland, becomes France's Energy and Environment Minister.

Paper: Russia Plans to Build Undersea Gas Pipeline to Crimea
Tuesday, April 01, 2014 Russia plans to build an undersea gas pipeline to Crimea, according to a comments made by Energy Minister Alexander Novak in the Kommersant business newspaper.

Russia's Rosneft, With US Partner Exxon, On Track With LNG Plant
Tuesday, April 01, 2014 Rosneft says it is on track to start production at its first LNG gas plant in the country's far east in 2018-2019, despite East-West tension over Ukraine.

Crunch Year Ahead For Norway's Arctic Oil Adventure
Tuesday, April 01, 2014 Rising costs, lack of infrastructure and a string of poor exploration results may mean Norway's Arctic oil exploration peaks this year, energy officials say.

Russia's Novatek Says to Get $980M for Gas Firm Stake Sale
Tuesday, April 01, 2014 Novatek says it has agreed to sell a 9.8% stake in SeverEnergia to Gazprom Neft for $980 million.

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