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Regional News: Europe & Russia

 
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Total 2Q Reveals Freeze on Novatek Stake Buying Post MH17 Downing
Wednesday, July 30, 2014 Total stopped buying shares in Russia's Novatek the day of the downing of a Malaysia Airlines flight over Ukraine, but that it is still too early to gauge the impact of new sanctions against Russia, the French oil major reveals.

BP Profit Jumps But Warns Of Russia Sanctions Impact
Tuesday, July 29, 2014 BP reports a sharp rise in second-quarter profits but warns that further sanctions on Russia could harm its business there.

Saipem Wins $850M of Drilling Contracts
Tuesday, July 29, 2014 Saipem wins $540 million of offshore drilling contracts stretching from Latin America to Indonesia, along with $310 million of onshore drilling contracts.

Portugal Galp Profit Falls Less than Expected
Monday, July 28, 2014 Portugal's Galp Energia posts a smaller-than-expected fall in second-quarter net profit after a drop in its refining margins.

Paper: Russia's Sechin Proposes Profit-based Tax for Oil
Monday, July 28, 2014 Rosneft CEO proposes changing oil taxation to a system based on profit rather than system linked to global oil prices.

  



Technip Holds Naming Ceremony for New Subsea Vessel
Monday, July 28, 2014 Technip names its new subsea construction vessel 'North Sea Atlantic' at a ceremony in Norway.

Britain Opens New Onshore Oil and Gas Licensing Round
Monday, July 28, 2014 The British government says it has opened a new licensing round for companies wanting to explore for onshore oil and gas.

UK Announces 14th Onshore Licensing Round
Monday, July 28, 2014 UK Energy Minister Matthew Hancock announces the country's 14th Landward Licensing Round.

Exillon Production Slows Further in June
Friday, July 25, 2014 Exillon Energy sees slight improvement in its Timan-Pechora production in June, although fall in Western Siberia output means total average daily output fell.

Rosneft Lines Up Anti-Sanctions Measures, Net Income Up
Friday, July 25, 2014 Russia's biggest oil producer Rosneft says it has been seeking ways to cope with the negative impact of international sanctions, as it reported higher net income Helped by a stronger rouble.

Statoil Cut 1,000 Jobs during 2Q
Friday, July 25, 2014 Statoil reduces its headcount by around 1,000 employees and may cut up to 400 more positions.

Sources: Eni to Revive Saipem Sale Plans
Friday, July 25, 2014 The new management of Italy's Eni plans to press on with the sale of a controlling stake in oil services subsidiary Saipem so it can focus on the more lucrative business of finding oil and gas, sources said.

Norwegian Seismic Survey Firms See Mixed Picture
Thursday, July 24, 2014 Petroleum Geo-Services reports a decline in second-quarter revenues and profits, while fellow Norwegian firm announces two new sampling contracts.

Q&A: GE's GirlsGetSET Initiative
Thursday, July 24, 2014 Rigzone talks to GE Oil & Gas's Kimberley Kirkham about the GirlsGetSET program to raise awareness among school girls about careers in science, engineering and technology.

Repsol Profit Tops Forecasts On Surprise Refining Strength
Thursday, July 24, 2014 Repsol beats quarterly profit forecasts as a surprise surge in refining margins helps cushion production declines due to shutdowns in Libya.

Northern Petroleum Awarded Two Permits in Italy
Thursday, July 24, 2014 Northern Petroleum is awarded two permits, one onshore and one offshore, in Italy.

Slovakia Says Work on Gas Link to Ukraine on Schedule
Thursday, July 24, 2014 Construction work on a pipeline to allow gas to be sent from Western Europe to Ukraine is on schedule, according to Slovak pipeline operator Eustream.

BW Offshore Takes 100% Ownership of Petroleo Nautipa FPSO
Thursday, July 24, 2014 BW Offshore pays almost $60 million to take complete ownership of the Petroleo Nautipa FPSO vessel.

Serbian Oil Company NIS 1H Profits Fall
Thursday, July 24, 2014 Serbia's NIS reports a five-percent fall in first-half profit and will have to cut spending on projects in the second half.

Centrica Comes Up Dry near Ula Field
Wednesday, July 23, 2014 Centrica Resources Norge drills a dry well near the Ula field on Norwegian production license 405.

Europe's Wind Capacity to Grow More Slowly Than Expected to 2020
Wednesday, July 23, 2014 Europe's installed wind capacity will increase at a slower rate to the end of the decade than previously estimated due to regulatory uncertainty and weak economic growth.

EU Says Could Halt Technology for Russia to Develop Arctic Oil, Gas
Wednesday, July 23, 2014 EU should not give Russia technical help to develop Arctic oil and gas if Moscow does not help defuse the Ukraine crisis, says EU Energy Commissioner Guenther Oettinger.

Unipetrol Sees Positive Impact from Acquisition of Rafinerska Stake
Wednesday, July 23, 2014 Czech oil processing firm Unipetrol expects a $20-million positive impact from the pending acquisition of a 32-percent stake in Ceska Rafinerska by ENI.

Ruspetro Conducts Successful Flow Test on Russian Well
Wednesday, July 23, 2014 Ruspetro successfully carries out a 10-day flow test on its first multi-stage fractured horizontal well in the Pottymsko-Inginsky license area of Russia.

Ukraine Says EU Reverse Gas Flows Lower after Gazprom's 'Threats'
Wednesday, July 23, 2014 Ukraine energy minister says reverse gas flows from the European Union to Ukraine fall because of the threats by Russian gas producer Gazprom.

Paper: Putin Mulls End To Gazprom Monopoly On Pipeline Gas Sales To China
Tuesday, July 22, 2014 Russia's president is thinking about allowing gas producers other than Gazprom to export gas from new eastern fields, according to the Vedomosti newspaper.

Poland's PGNiG Says Natural Gas Production Rose 4% Year-on-Year In 2Q
Tuesday, July 22, 2014 Poland's PGNiG sees a 3.7% increase in its 2Q gas production.

Max Petroleum Says Reviewing Strategic Options
Tuesday, July 22, 2014 Max Petroleum says it was reviewing strategic options, including a sale.

Drilling Starts at Egdon's Wressle Prospect Onshore UK
Monday, July 21, 2014 Drilling begins at the 2.1-million barrel Wressle prospect in Lincolnshire, onshore UK.

Lundin Petroleum's Arctic Find Has Good Gas Quality, Unclear on Oil
Monday, July 21, 2014 Lundin Petroleum's Arctic discovery shows good quality for gas but oil quality is inconclusive.

Exxon Oil Rig Enters Uncharted Waters of Russian Political Storm
Monday, July 21, 2014 Exxon faces political dilemma as one of its rigs enters Russian Arctic waters.

Statoil Resumes Production at Njord A Platform
Monday, July 21, 2014 Statoil resumes production at the Njord A platform in the Norwegian Sea after a year.

Italy Union Calls General Strike at Eni Refineries for July 29
Friday, July 18, 2014 Italian union plans a one-day strike at all of Eni's refineries in Italy in order to protest against closures.

Larne Signs Farm-In Option Deal for NI License
Friday, July 18, 2014 Larne Oil and Gas signs a farm-in option contract with respect to two licenses in Northern Ireland.

Russia's Rosneft Says to Honor Agreements despite Sanctions
Friday, July 18, 2014 Russian oil producer Rosneft says it will continue to work on its existing projects and agreements despite US sanctions against the company.

Norway's Aker Solutions Earnings, Orders Miss Forecasts
Thursday, July 17, 2014 Norwegian oilfield services firm Aker Solutions posts 2Q earnings and order backlog figures that fall short of expectations.

Sound Oil Appoints New Director
Thursday, July 17, 2014 Junior energy firm Sound Oil appoints Marco Fumagalli of Continental Investment Partners as a non-executive director.

Det Norske Sees 2Q Production Halve
Thursday, July 17, 2014 Det norske reports lower production for the second quarter but says that Marathon Oil Norge acquisition will make it one of Europe's largest independent companies.

BP Says New Sanctions on Russia Appear to Target Access to Markets
Thursday, July 17, 2014 BP studies latest sanctions against Russia over Ukraine and says they appear to focus on restricting access to US debt and equity markets.

OMV Finds New Black Sea Oil Off Romania
Wednesday, July 16, 2014 Austria's OMV finds a new oil reservoir in the Black Sea off Romania.

Kemp: The Big One - Russia's Bazhenov Shale
Wednesday, July 16, 2014 Western oil companies and their Russian counterparts hope to repeat North America's shale success in the Bazhenov shale in Siberia.

Falcon's Hungary Well Encounters Gas Shows
Tuesday, July 15, 2014 Falcon Oil & Gas reports that a well drilled by its partner NIS in Hungary encounters gas shows after reaching its target depth.

Spain's Repsol Could Start Drilling Off Canary Islands In October
Tuesday, July 15, 2014 Repsol could begin prospecting for its $7-billion oil exploration project offshore the Canary Islands this October.

Sound Sees 'Significant Upgrade' to Onshore Italy Prospect
Tuesday, July 15, 2014 Sound Oil reports that a competent person's report has significantly upgraded resources at its Santa Maria Goretti gas prospect, onshore Italy.

Russia's Rosneft Agrees to Buy Weatherford's Russian, Venezuelan Assets
Sunday, July 13, 2014 Rosneft agrees to buy the Russian and Venezuelan drilling and well-servicing assets of Weatherford International.

Norway's Aker Solutions to Take $211M Writedown
Friday, July 11, 2014 Norwegian oil services firm Aker Solutions will write down $211 million after tax from its earning in the second quarter due to impairments at Aker Oilfield Services.

VNG Norge Discovers up to 25M Barrels in Norwegian Sea
Friday, July 11, 2014 VNG Norge makes a new hydrocarbon discovery of up to 25 million barrels of oil equivalent near its Pil discovery well in the Norwegian Sea.

Novatek Reports 2Q Gas, Liquids Production Increase
Thursday, July 10, 2014 Novatek reports an increase in its production of gas and liquids during the second quarter.

Dutch Marine Services Company Fugro Warns Will Disappoint in 1H
Thursday, July 10, 2014 Dutch marines services firm Fugro blames weakness in the oil and gas sector for results that are expected to fall short of expectations.

Global Oil Exploration Nears $1 Trillion - Where Are The Finds?
Thursday, July 10, 2014 Majors are caught between growing pressure from investors to cut spending and boost profits and the increasingly costly need to replace declining onshore and offshore reserves.

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