Regional News: Europe & Russia
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Atlantic Farms Out PL528 Stake to Repsol
Friday, August 22, 2014 Repsol has agreed to buy a 6% stake in Norwegian production license PL528/528b from Atlantic Petroleum.
Petrofac Chairman Resigns
Friday, August 22, 2014 Petrofac announces the resignation of its chairman, Norman Murray.
CEO: OMV Pulls Staff From Kurdistan, Ponders Crimea
Friday, August 22, 2014 OMV withdraws staff from Iraqi Kurdistan and is also waiting on what happens south of Crimea, where the firm has plans with Exxon.
Rosneft Signs Collaboration Deal with Seadrill, NADL
Friday, August 22, 2014 Rosneft signs a framework agreement with Seadrill and North Atlantic Drilling that will see the companies collaborate on oilfield projects.
Russia's Gazprom Neft Begins Seaborne Oil Shipments from Arctic Field
Thursday, August 21, 2014 Gazprom Neft starts seaborne shipments of oil to Europe from its Novoportovskoye field in the Arctic.
Lobby Group: Norway's Politics Threatens Oil Competitiveness
Wednesday, August 20, 2014 High taxes and 'political meddling' in oil and gas projects threatens the competitiveness of Norway's offshore energy sector, says the Norwegian Oil and Gas Association.
Oilfield Equipment Firm Schoeller-Bleckmann Sales Slip
Wednesday, August 20, 2014 Schoeller-Bleckmann says sales slipped by one percent during the second quarter as customers spent cautiously on high-precision components.
Dolphin Sees Possible Start of Dividend after 3Q Report
Wednesday, August 20, 2014 Seismic survey vessel operator Dolphin may soon start paying dividends after an improvement in its earnings.
Wood Mackenzie: Third Wave of US Shale to Show Europe the Way Ahead
Wednesday, August 20, 2014 Wood Mackenzie believes the third phase of unconventional oil and gas development in the US could show the way ahead for shale gas and oil projects in Europe.
Maersk To Buy Back Shares For First Time, Earnings Rise
Tuesday, August 19, 2014 Moller-Maersk announces the first share buy-back in its 110-year history as an overhaul of the sprawling shipping and oil empire leaves it with more cash than it can usefully invest.
Norway To Award Oil Licenses In New Offshore Areas In 2016
Tuesday, August 19, 2014 Norway will award oil and gas licenses in new offshore areas, including in an important Arctic zone bordering Russia, in the first half of 2016, the oil and energy ministry says.
Lithuania Fires Energy Minister, Risks Upsetting Poland
Tuesday, August 19, 2014 Lithuania's President Dalia Grybauskaite sacks her ethnic Polish energy minister in a row that could affect talks with Poland over the future of the Baltic state's only oil refinery.
PetroNeft Restarts Drilling Operation in Tomsk Region of Russia
Tuesday, August 19, 2014 PetroNeft says it is restarting drilling operations on Licence 61 in the Tomsk Oblast region of Russia.
Rigzone's CV/Resume Dos and Don'ts
Tuesday, August 19, 2014 Rigzone talks to three recruitment professionals about how best to prepare your CV (or resume) for a job in the oil and gas industry.
Rosneft, Statoil Start Exploration for Oil, Gas in Norway
Monday, August 18, 2014 Rosneft and Statoil embark on joint exploration for oil and gas in the Barents Sea.
Providence Confirms Start of Newgrange Seismic Survey
Monday, August 18, 2014 Providence Resources says its seismic survey of the Newgrange area, offshore southwest Ireland, has begun.
Sanctioned Rosneft's Norway Work Goes Ahead With Statoil
Monday, August 18, 2014 Kremlin-controlled Rosneft said it is working with Statoil to search for oil and gas off Norway, partnering a Western company despite sanctions.
Energy Recruiting: Q&A with NES Global Talent's Futures Academy Director
Monday, August 18, 2014 NES Global Talent is developing recruiting talent to help energy companies acquire new workers.
3Legs Starts Flow Test at Polish Well
Friday, August 15, 2014 3Legs Resources begins a long-term flow test on its Lublewo L LEP-1ST1H lateral well following a multi-stage frack.
SeaBird: 3D Seismic Vessels Taking on More 2D Jobs
Friday, August 15, 2014 3D seismic survey vessels are increasingly competing for 2D work, according to SeaBird Exploration.
Carbon Tracker: Billions in Oil Investments at Risk from Low Crude Prices
Friday, August 15, 2014 More than half a trillion dollars of investments in major oil projects over the next decade are at risk from high costs and low crude oil prices, an environmental think tank says, warning that shareholders' returns could suffer.
3D Seismic Survey Begins at Spanish Point South
Thursday, August 14, 2014 Providence Resources announces the start of 3D seismic survey operations at Spanish Point South, offshore Ireland.
Fastnet Improves Farm-in Options for its Deep Kinsale Prospect
Thursday, August 14, 2014 Irish explorer Fastnet Oil & Gas extends its option agreement with a Petronas subsidiary to farm into its Deep Kinsale Prospect, offshore Ireland.
Russian Oil Giant Seeks Funds Earmarked For Pensions
Thursday, August 14, 2014 Rosneft is seeking a $42 billion loan from a fund earmarked for Russian pensions to help it weather Western sanctions imposed over Moscow's role in Ukraine.
Ukrainian Parliament Backs Bill To Open Gas Pipelines To EU, US Firms
Thursday, August 14, 2014 Ukraine approves a law to allow gas transit facilities to be leased on a joint venture basis with participation of firms from the EU and the US.
Getech Sees Upturn in Exploration Services Market
Wednesday, August 13, 2014 Getech Chief Executive says the company has seen a 'significant' upturn in the exploration services market in recent weeks.
EU Regulators Say Germany, Others In Breach Of Energy Law
Wednesday, August 13, 2014 EU regulators begin legal proceedings against 24 member states, including Germany, for failing to enforce a law on energy efficiency, the European Commission says.
Spain Clears Repsol To Start Drilling Off Canary Islands
Wednesday, August 13, 2014 The Spanish government gives Repsol the green light to begin a $7-billion oil exploration project off the Canary Islands.
OMV Profit Drops as Libya Crisis Boosts Costs
Tuesday, August 12, 2014 Austria's OMV sees its underlying operating profit halve during the second quarter of 2014.
Aker and DNV in Collaboration Deal
Tuesday, August 12, 2014 Aker Solutions and DNV GL sign a deal that aims to lead to better technology collaboration and project execution between the two firms.
Schlumberger Expects Russia Sanctions To Hurt Earnings
Tuesday, August 12, 2014 Schlumberger expects US and EU sanctions on Russia to hurt earnings during the third quarter.
Surveys Give Mixed Picture of Support for UK Shale Gas
Tuesday, August 12, 2014 Two surveys released this week give a mixed picture of the UK public's attitude to the development of a shale gas industry in the country.
CAT Oil Keeps Outlook Despite Russia Sanctions
Monday, August 11, 2014 CAT Oil sticks to its 2014 outlook despite Western economic sanctions against Russia.
ExxonMobil, Rosneft Drill Russia's Northernmost Well
Monday, August 11, 2014 ExxonMobil and Rosneft begin drilling Russia's northernmost well in the Kara Sea in the Russian Arctic.
Ukraine Promises Smooth Russian Gas Transit to Europe
Monday, August 11, 2014 Ukraine's Naftogaz will continue uninterrupted pumping of Russian gas exports to Europe through its territory even if Ukraine imposes its own sanctions on Russia.
Polarcus 2Q Results Miss Forecasts, Firm Cuts Guidance
Friday, August 08, 2014 Seismic explorer Polarcus reports 2Q earnings below expectations, lower its full-year guidance.
Maersk to Start $700M Drilling Plan with Det Norske in Norway Soon
Thursday, August 07, 2014 Denmark's AP Moller-Maersk takes delivery of a jack-up rig, which is about to begin a five-year drilling program with explorer Det Norske.
Seismic Program About to Start Offshore SW Ireland
Thursday, August 07, 2014 Providence Resources announces seismic survey off the southwest coast of Ireland.
Sound Oil Purchases Drill Site Ahead of Badile Spud
Thursday, August 07, 2014 Sound Oil says it is paying $2.4 million for a plot of land in Lombardy, Italy, which will host the drill site for its Badile exploration well.
Statoil's Arctic Summer Exploration Campaign Fails
Thursday, August 07, 2014 Statoil fails to find any oil in its summer campaign in the Norwegian Arctic.
Lundin Petroleum 2Q Results Miss Expectations
Wednesday, August 06, 2014 Lundin Petroleum reports second-quarter earnings that are below expectations.
Distributed Fiber Optic Sensors Poised to Remap Upstream Sector
Wednesday, August 06, 2014 Distributed fiber optic sensing (DFOS) solutions are poised to empower the upstream oil and gas industry, improving such activities as pipeline monitoring, well monitoring and seismic acquisition.
Cadogan: Ukraine Tax Changes to have 'No Material Effect' on Operations
Tuesday, August 05, 2014 Cadogan Petroleum says recent tax changes in Ukraine should have no material effect on its financial position, operations or work program in the country.
Bosnian Region Seeks Consultants Again To Advise On Oil, Gas
Tuesday, August 05, 2014 Bosnia's autonomous Bosniak-Croat Federation issues a new tender seeking consultants to help with the process of awarding an oil and gas exploration and production concession to Shell.
A More Positive Mood towards Fracking in Europe?
Tuesday, August 05, 2014 In spite of many Europeans' fears about what shale gas development could mean for their communities, a handful of European countries are taking small steps towards the introduction of fracking.
Serica Energy Completes Farm Out of Doyle Gas Prospect
Tuesday, August 05, 2014 UK junior Serica Energy completes the farm out of the Doyle gas prospect in the UK zone of the East Irish Sea.
Maersk Oil Fails to Find Oil in N.Sea Appraisal Well
Monday, August 04, 2014 Maersk Oil fails to find oil or gas in an appraisal well in the Danish part of the North Sea.
Former Bank of England Chief Economist Dale Quits to Join BP
Monday, August 04, 2014 Former Bank of England chief economist takes new job as BP's chief economist.
CEO: Russia Sanctions Leave Austria's OMV Untouched
Monday, August 04, 2014 European sanctions imposed on Russia for its role in Ukraine's political crisis have had no impact on Austrian energy group OMV, Chief Executive Gerhard Roiss says.
Kemp: EU Energy Restrictions on Russia Mostly Theatre
Monday, August 04, 2014 EU sanctions on Russia's oil sector will not seriously hamper the development of new oil resources in either the short or the long term, though they leave open the possibility of further escalation if relations with Russia deteriorate in future.
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