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Regional News: Europe & Russia

 
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Rosneft's Vankor Oil Output May Start Declining Next Year
Monday, March 30, 2015 Oil output at Rosneft's Vankor deposit, a driver of Russia's recent oil production growth, may start declining next year, a top company official says.

Eurasia Drilling Extends Deadline For Schlumberger Deal
Monday, March 30, 2015 Eurasia Drilling says it agreed to extend a deadline on a proposed deal to sell a stake to Schlumberger from March 31 to April 30.

Memo: New BG Boss Hires M&A Specialist From Statoil Weeks After Taking Helm
Monday, March 30, 2015 BG Group's new boss Helge Lund has poached two officials from his former company Statoil for key management positions.

Saipem Says Needs More Money to Finish Poland's LNG Terminal
Monday, March 30, 2015 Saipem will complete the delayed construction of Poland's liquefied natural gas terminal this summer, but only if it receives further payment, Polish daily Rzeczpospolita says, quoting Saipem's spokeswoman.

Wintershall's Seele To Head Austria's OMV From July
Friday, March 27, 2015 OMV selects Rainer Seele, head of BASF's oil and gas subsidiary Wintershall since 2009, as its new chief executive.

  



Minister: Russia May Allow More Firms To Offshore Oil
Friday, March 27, 2015 Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak says.

Aker Appoints New Business Heads
Friday, March 27, 2015 Aker Solutions appoints Tore Sjursen as its new VP for operation improvement and risk management and Knut Sandvik as the new head of its MMO business.

Drilling Activity to Rebound in 2016 after Exploration Cuts this Year
Thursday, March 26, 2015 Drilling activity across the global oil and gas industry could return to 2014 levels next year, according to a new report from research firm Wood Mackenzie.

Norway's Industrial Workers Reach Last Minute Wage Deal
Thursday, March 26, 2015 Norwegian manufacturing workers reached a last minute wage deal with employers on Thursday, averting mediation and a possible strike, the LO and NHO say.

Maurel et Prom Slashes Oil Hunting Budget as Prices Weak
Thursday, March 26, 2015 France's Maurel et Prom slashes its exploration budget by more than 60 percent.

Lundin Spuds Appraisal Well on Alta Discovery
Wednesday, March 25, 2015 Lundin Petroleum spuds an appraisal well on the Alta discovery in the southern Barents Sea.

Task Force: Britain Needs New Regulator For Shale Gas Industry To Take Off
Wednesday, March 25, 2015 Britain needs a new regulator for onshore underground energy and shale gas companies must engage with local communities more effectively before a UK shale gas industry can be developed.

Rosneft Cancels Rig Contract With North Atlantic Drilling
Wednesday, March 25, 2015 Rosneft cancels a contract for a two-and-a-half year rig contract with Northern Offshore and Seadrill's North Atlantic Drilling Ltd.

Analyses Confirm Potential of M Prospect on the Isle of Wight
Wednesday, March 25, 2015 UK Oil & Gas says subsurface analyses of the onshore P1916 license on the Isle of Wight, southern England, confirms potential for 'significant' hydrocarbon volumes.

Wells Cathedral School Pupils Win BP's Ultimate STEM Challenge
Tuesday, March 24, 2015 Pupils from Wells Cathedral School in Somerset, England win BP's inaugural Ultimate STEM Challenge competition.

Subsea Training Academy Ashtead Technology Increases Offering
Tuesday, March 24, 2015 A first-of-its-kind subsea training academy, Ashtead Technology, is marking its first six months by expanding its range of courses in response to industry demand.

Scotland, Australia: a Long-Held Partnership, but More to be Done
Tuesday, March 24, 2015 Neil McInnes, head of SE Asia and Australasia at Scottish Development International, gives an overview of the long partnership between Scotland and Australia, and the value it can deliver in the future.

Seafox Appoints New Group CEO
Tuesday, March 24, 2015 Seafox appoints Martin Adler as its new Group CEO.

Kiln Lane-1 Well Disappoints
Monday, March 23, 2015 Kiln Lane-1 in northeast Lincolnshore, England, is to be plugged and abandoned after sandstones were found to be water wet.

Portugal's Galp Chairman Proposes New Chief Executive
Monday, March 23, 2015 Galp Energia Chairman will propose Carlos Gomes da Silva as its new CEO after incumbent says he will not seek a new mandate.

Technip, FMC Form New Subsea Joint Venture
Monday, March 23, 2015 Technip and FMC Technologies create a new joint venture focusing on the subsea market.

New Partnership Allows for Expansion of Major STEM Initiative in UK
Monday, March 23, 2015 With additional backing and support, the Scottish MATE ROV Challenge plans to attract more young, aspiring engineers to the subsea industry.

Polarcus Signs LOI for 3D Seismic Project in the UKCS
Friday, March 20, 2015 Polarcus signs a letter of intent to carry out 3D marine seismic project in the United Kingdom Continental Shelf in the second quarter of 2015.

Tullow Gets $450M Lending Boost from Creditors, Shares Climb
Friday, March 20, 2015 Africa-focused oil producer Tullow Oil raises an additional $450 million of capital from existing lenders, boosting its financial strength despite weak oil prices and sending shares higher.

EnQuest Says To Increase North Sea Investments After Tax Cuts
Thursday, March 19, 2015 EnQuest says it will be able to invest more money in some of its North Sea oil fields after Britain announced cuts to oil and gas taxes.

Ophir Returns to Profit and Cuts Spending
Thursday, March 19, 2015 Oil explorer Ophir Energy, which completed the acquisition of rival Salamander Energy this month, returned to profit last year and says it would cut spending by $250 million over two years to deal with low oil prices.

Norway's Statoil Sets Precedent With Government Payment Disclosure
Thursday, March 19, 2015 Statoil releases unprecedented detail about its payments to governments around the world, even as some of its rivals are fighting new rules that will require increased disclosure.

Russian Energy Minister to Discuss Cooperation with Exxon CEO
Wednesday, March 18, 2015 Russia's Energy Minister plans to discuss energy cooperation with Exxon's CEO later on Wednesday.

UK Engineer Smiths Warns of Hit from Weak Oil Price
Wednesday, March 18, 2015 UK engineer Smiths Group reports a five-percent fall in first-half operating profit and warns that trading in its John Crane unit may be hurt in as oil and gas customers cut spending.

Russian Oligarch Close To Bowing To UK Pressure To Sell North Sea Fields
Tuesday, March 17, 2015 Financial Times: Russian billionaire Mikhail Fridman prepares to sell North Sea gasfields at the heart of its fierce battle in Britain.

Aker Sets Out Strategic Goals
Tuesday, March 17, 2015 Aker plans to build on strengths in subsea and field design markets, but sees continued slowdown in Norwegian MMO market over the next two years.

Albania To Sell State Oil Firm, Offer Oil Blocks
Tuesday, March 17, 2015 Albania wants to try again to privatize its state oil company this year, and will soon begin offering its blocks for oil and gas exploration, Prime Minister Edi Rama says.

EBRD Sees Positive Growth In Azerbaijan In 2015 Despite Problems
Tuesday, March 17, 2015 European Bank for Reconstruction and Development: Azerbaijan is expected to produce economic growth of 1.5% in 2015, thanks to revenues from the O&G sector accumulated in previous years.

Russian Energy Minister Novak to Meet Exxon CEO on Wednesday
Tuesday, March 17, 2015 Russian Energy Minister Alexander Novak plans to meet Exxon CEO Rex Tillerson Wednesday.

Searcher Seismic Starts Atlantic Margin Survey
Tuesday, March 17, 2015 Searcher Seismic begins the acquisition of 2D seismic data over 3,350 square miles in the Atlantic Margin, offshore Ireland.

OPEC Comes Cleaner on How Much Oil its Members Pump
Monday, March 16, 2015 OPEC members' own versions of their oil output were for years greeted with such scepticism that the group resorted to publishing what others thought they were producing.

Shango Well Spuds in the Norwegian North Sea
Monday, March 16, 2015 Total begins drilling the Shango exploration well in the Norwegian North Sea.

Eni Becomes First Oil Major To Cut Dividend, Shares Fall
Friday, March 13, 2015 Eni cuts its dividend and suspends a share buyback program becoming the first oil major to reduce payouts amid a steep oil price decline in a bid to save funds to spur future production growth.

Prodrill Moves to Larger Premises
Friday, March 13, 2015 Prodrill Energy Resource Solutions announces a move to larger premises, facilitating continued growth and cementing its position as one of the region's leading oilfield consultancies.

IEA Sees Renewed Pressure On Oil Prices As US Glut Worsens
Friday, March 13, 2015 Oil prices might have stabilized only temporarily as the global oil glut is worsening due to production in the US showing no sign of slowing, the IEA says.

Offshore Croatia: Developing the Eastern Adriatic
Friday, March 13, 2015 The Croatian government wants to catch up with Italy when it comes to developing oil and gas resources in its part of the Adriatic Sea.

ONGC Videsh in Talks to Acquire Stakes in 2 Fields in Siberia
Thursday, March 12, 2015 ONGC Videsh commences discussions to acquire stakes in 2 fields in Siberia, Russia, according to India's oil minister.

DNV Calls for Arctic Emergency Response Collaboration
Thursday, March 12, 2015 DNV GL calls for collaboration over Arctic emergency response and rescue strategies as operators look to more remote areas of the Barents Sea.

Oil Price Fall May Aid Long-Term Arctic Exploitation-Norway
Thursday, March 12, 2015 Norway's Foreign Minister Boerge Brende says fall in oil prices may help long-term exploitation of Arctic fossil fuels by averting a short-lived "gold rush" into the vulnerable icy region.

UK Oil & Gas Completes Acquisition of Onshore, Offshore Interests
Thursday, March 12, 2015 UK Oil & Gas completes the acquisition of interests in offshore license P1916 and onshore license PEDL126 on the UK Continental Shelf.

Russia's Gazprom Neft Eyes Help from National Wealth Fund
Wednesday, March 11, 2015 Gazprom Neft may apply to receive money from Russia's National Wealth Fund to develop some upstream projects.

Oil Directorate: Norway's Oil Investment Forecast May Have To Be Cut
Wednesday, March 11, 2015 Norwegian oil investments may drop more than earlier expected if oil prices stay at their current level, Bente Nyland, the head of the Norwegian Oil Directorate says.

Europe's BP, MOL Help Grow Young Talent with Student Competitions
Wednesday, March 11, 2015 BP holds the UK finals for its Ultimate Field Trip competition in London while Hungary's MOL Group launches its Freshhh completion, which is also aimed at university students.

Spanish Point Appraisal Well Deferred
Tuesday, March 10, 2015 Cairn Energy reveals in its results statement for 2014 that an exploration/appraisal well planned near the Spanish Point discovery offshore Ireland will be deferred.

German Gas Industry Urges Decision On Fracking Rules
Monday, March 09, 2015 Germany's oil and gas industry urges the government to ensure that new gas fracking rules will support future domestic production and technological development.

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