Regional News: Europe & Russia

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Prime Minister: EU Gas Ruling Against Bulgaria is a Heavy Blow
Wednesday, June 29, 2016 EU antitrust regulators tell Bulgaria it should sell its state-owned gas network operator Bulgartransgaz or face fines of up to $333.27 million, Bulgarian Prime Minister Boiko Borisov says.

Russian Deputy PM Says Steady Oil Price Warrants Tax Change
Wednesday, June 29, 2016 Russia's Deputy Prime Minister says his government is debating changes in oil taxation and he saw a need to alter the regime as oil prices are unlikely to rise sharply.

Union Warns Statoil Not to Scale Back Agreements
Tuesday, June 28, 2016 Norwegian oil major Statoil must halt attempts to scale back existing labor agreements if it wants to prevent a strike that would hit output from July 2, a trade union says.

Maersk Oil To Focus On North Sea, Kenya After Qatar Contract Loss
Tuesday, June 28, 2016 Maersk Oil will focus on building on its operations in the North Sea and in Kenya, after it lost the contract to operate Qatar's largest offshore oilfield.

Meet the Students Changing the World with Shell Ideas360
Tuesday, June 28, 2016 Five student teams from around the world meet this week in London in the latest stage of their quest to win the Shell Ideas360 innovation competition.


Poland's PGNiG Sets Up London Trading Office Despite Brexit
Tuesday, June 28, 2016 Poland's top gas firm PGNiG will set up an office in London to buy liquefied natural gas, despite Britain voting to leave the European Union.

Shareholders In Poland's PGNiG Approve Dividend Of PLN 0.18/Shr
Tuesday, June 28, 2016 Shareholders at Poland's state-run gas firm PGNiG approve a dividend of 0.18 zlotys per share, in line with the management proposal.

Statoil Acquires JX Nippon Utgard Stake
Tuesday, June 28, 2016 Statoil acquires JX Nippon's 45% equity share in, and operatorship of, the UK license for the Utgard field.

Europa Granted 2 Year Extension to PEDL 143
Monday, June 27, 2016 Europa Oil & Gas (Holdings) plc receives 2 year extension to PEDL 143 License in the Weald Basin, Surrey, UK, by the Oil & Gas Authority.

Det Norske Awards Services Contracts to DNV GL
Monday, June 27, 2016 Det norske oljeselskap ASA awards 2 new frame agreements to DNV GL for verification, Inspection and HSEQ services.

Norwegian Unions Say 755 Oil, Gas Workers Could Strike
Monday, June 27, 2016 About 755 Norwegian workers on seven oil and gas fields could go on strike, hitting output from western Europe's top producer, if a new wage deal is not agreed before a Friday deadline, trade unions say.

Oil Bulls Face Specter of Market Turmoil on Brexit Aftershocks
Monday, June 27, 2016 Oil bulls could end up road kill following the Brexit ballot.

Russia's Novak May Miss Meeting With Saudi's Falih At G20
Monday, June 27, 2016 Russian Energy Minister Alexander Novak may miss the G20 energy ministers meeting in China, scheduled for June 28-30.

Brexit Will Make 'Little Difference' to Crude Oil Markets
Monday, June 27, 2016 The UK's decision to leave the European Union will make "little difference" to the crude oil markets, according to a brief research note from FirstEnergy.

BP Says to Keep UK Headquarters Despite British EU Exit Vote
Friday, June 24, 2016 Oil major BP says its headquarters will remain in the United Kingdom, despite Britain voting to leave the European Union.

BP Says To Keep UK Headquarters Despite British EU Exit Vote
Friday, June 24, 2016 Oil major BP says its headquarters will remain in the United Kingdom, despite Britain voting to leave the European Union.

Germany Imposes Limits on Fracking
Friday, June 24, 2016 Germany imposed limits on fracking on Friday, dealing a blow to efforts to develop shale gas.

Technip Says London Still Natural HQ of TechnipFMC Despite Brexit Vote
Friday, June 24, 2016 French oil services company Technip says there was no reason for Britain's exit from the European Union to impact its merger with FMC Technologies, including plans for London to be the legal headquarters of the new group.

Technip Says London Still Natural HQ Of TechnipFMC Despite Brexit Vote
Friday, June 24, 2016 French oil services company Technip says there is no reason for Britain's exit from the EU to impact its merger with FMC Technologies, including plans for London to be the legal HQ of the new group.

Circle Oil Agrees Repayment Extension
Friday, June 24, 2016 Circle Oil plc agrees a repayment extension with International Finance Corporation.

Russia To Lower Oil Exports From Black Sea Port Of Novorossiisk In July
Friday, June 24, 2016 Russia is set to lower oil exports from the Black Sea port of Novorossiisk in July to 2.35 million tons from 2.7 million tons in June.

Russia Expects Short-Term Oil Market Volatility After Brexit
Friday, June 24, 2016 Russian Energy Ministry expects oil price volatility to increase in the short term after Britain's vote in favor of leaving the European Union.

Statoil to Launch Training Tool for 50th Anniversary
Friday, June 24, 2016 Statoil will launch a historical fact-based research project for its 50th anniversary in 2022, which will form a professional training tool for coming generations.

Brexit: Adverse Impact for UK's Oil, Gas Industry Unlikely
Friday, June 24, 2016 The UK voting to leave the EU is unlikely to have a major adverse impact on its oil and gas sector, but the industry calls on clear leadership from the country's government to minimise uncertainty.

Maersk Chairman Says Company Could Be Split Up
Thursday, June 23, 2016 A. P. Moller-Maersk's chairman says the Danish shipping and oil conglomerate could be split up in several companies.

Maersk Appoints Soren Skou As New CEO To Replace Nils Smedegaard Andersen
Thursday, June 23, 2016 Danish shipping and oil company A. P. Moller-Maersk appoints Soren Skou as the new chief executive for the group.

FirstEnergy Expects Crude Oil Price to Hit $70 in 2018
Thursday, June 23, 2016 Crude oil prices will rebound towards $70 per barrel in 2018, according to oil and gas analysts at FirstEnergy.

Providence Offered LO 16/27 Offshore Ireland
Thursday, June 23, 2016 Providence Resources plc is offered Licensing Option 16/27 in the Porcupine Basin, offshore Ireland, as part of the second phase of the Atlantic Margin Licensing Round.

BP's Dudley Sees Oil Markets Balancing With $50 Crude This Year
Thursday, June 23, 2016 Rising petroleum demand in China, North America and Europe will help bring global oil markets into balance this year, BP CEO Bob Dudley said.

Lukoil Sees Pyakyakhinskoye Field Producing 1.5M Tons Of Oil In 2017
Thursday, June 23, 2016 Russia's oil major Lukoil will produce 1.5 million tons of oil at the Pyakyakhinskoye field in 2017.

Russian EconMin: Brexit Vote Won't Ruffle Rouble, Oil Price
Thursday, June 23, 2016 Russian Economy Minister Alexei Ulyukayev does not expect sharp changes in the rouble rate and oil prices if Britain leaves the European Union.

DNV GL Renews Inspection Services Contract for South Arne
Wednesday, June 22, 2016 DNV GL secures a contract with Hess Denmark ApS to provide asset integrity inspection management of the South Arne field, located in the Danish North Sea.

Brexit Just One of Many Risks for Oil Prices
Wednesday, June 22, 2016 Regardless of whether Britain votes to leave the EU on Thursday, oil investors are likely to stay focused on how to counter the risk of further price slides.

Oil Producers Keep Output Freeze Revival on Standby if Prices Weaken
Wednesday, June 22, 2016 Russian Energy Minister Alexander Novak has a contrarian message for those who question the wisdom of freezing global levels of oil output.

Subsea 7 to Cut 1,200 Jobs By Early 2017
Wednesday, June 22, 2016 Subsea 7 S.A. will cut 1,200 jobs by early 2017, according to a company statement released Wednesday.

JDR Secures Services Agreement with Bibby Offshore
Wednesday, June 22, 2016 Subsea power cable and umbilicals supplier JDR signs a framework agreement with Bibby Offshore for cable maintenance activities.

Oil Bust Pushes Producers Together To Make Cost Cutting Count
Wednesday, June 22, 2016 The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible.

Oil Explorers Embrace the Sharing Economy to Drill Cheaper Wells
Wednesday, June 22, 2016 The biggest oil-industry downturn in a generation has companies collaborating in ways they never thought possible.

Dutch Agency Calls For Further Cut In Groningen Gas After Oct 1
Wednesday, June 22, 2016 The Netherlands' National Mines Inspectorate advises the government to cut production at the country's large Groningen gas field this autumn.

Norway Oil Drilling Rig Workers Agree Wage Deal, Avoid Strike
Wednesday, June 22, 2016 Workers on Norwegian offshore oil drilling rigs sign a new wage deal, avoiding a strike.

IOG Completes Blythe Acquisition
Tuesday, June 21, 2016 Independent Oil and Gas plc completes the acquisition of the other 50% of the license covering Blocks 48/22b and 48/23a in the Southern North Sea, containing the Blythe gas discovery.

Rosneft Chief: Saudi Arabia, US and Russia Call Shots on Oil Markets
Tuesday, June 21, 2016 Igor Sechin, the head of Russia's top oil producer Rosneft, says that Saudi Arabia, the United States and Russia are the three main players on global oil markets, dismissing again OPEC's role as a regulator.

German Government Agrees to Ban Fracking Indefinitely
Tuesday, June 21, 2016 Germany's coalition government agrees to ban fracking for shale gas indefinitely, after years of fractious talks over the issue, but environmental groups said the ban did not go far enough and vowed to fight the deal.

Nordic Private Equity Funds on Lookout for Oil Bargains
Tuesday, June 21, 2016 Nordic private equity funds are eyeing bargains in the Norwegian and North Sea where oil companies caught out by low prices are seeking to generate cash.

NPD Grants Faroe Petroleum Drilling Permit for Well 31/7-1 A
Tuesday, June 21, 2016 The Norwegian Petroleum Directorate has granted Faroe Petroleum Norge AS a drilling permit for well 31/7-1 A, located offshore Norway.

EY: Private Equity Warms Up To Oil Deals With $1T Warchest
Tuesday, June 21, 2016 The world's private equity funds, with a cash pile of around $1 trillion, are stepping up their interest in the oil and gas industry, with almost a half expecting to buy assets in the sector over the next year, a survey shows.

Statoil, Partners Study Troll Post-2020 Output Expansion
Monday, June 20, 2016 Norwegian oil firm Statoil and its partners are studying the possibilities of expanding gas production at Norway's biggest field, Troll, after 2020.

Kremlin Says No Preferred Options For Rosneft Stake Sale
Monday, June 20, 2016 There are no preferred options for the sale of a stake in state-run Rosneft, says Kremlin spokesman Dmitry Peskov.

Putin Said To Weigh $11B Rosneft Sale To China And India
Monday, June 20, 2016 Vladimir Putin is considering selling part of Russia's corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less than two years.

Sinopec Serves $5.5B Arbitration Notice To Repsol
Friday, June 17, 2016 Chinese energy conglomerate Sinopec serves an arbitration notice to Spain's Repsol demanding around $5.5 billion in compensation over a 2012 joint venture.

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