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Regional News: Europe & Russia

 
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Greece Ratifies Energean's Licenses for Ioannina, Katakolon Blocks
Monday, September 22, 2014 The Greek Parliament ratifies license agreements for Energean to explore and produce from the Ioannina and Katakolon blocks in western Greece.

Lukoil CEO Says Russian Output Will Not fall in 2015
Friday, September 19, 2014 Russia's Lukoil will not cut domestic oil output next year but will invest less money in projects, says its CEO.

Pingvin Well Finds Gas in Barents Sea
Friday, September 19, 2014 North Energy reports that the Pingvin exploration well on Norwegian production license 713 in the Barents Sea has found gas in a sandstone reservoir.

Facing US Sanctions, Exxon Winds Down Drilling In Russian Arctic
Friday, September 19, 2014 ExxonMobil says it will wind down drilling in Russia's Arctic in the face of US sanctions targeting Western cooperation with Moscow's oil sector.

Billionaire Fredriksen's Partner Quits Rig Firm Seadrill, Shares Fall
Friday, September 19, 2014 Tor Olav Troeim, who until recently was referred to as the right-hand man of big Seadrill shareholder John Fredriksen, will not seek reelection to the board of Seadrill.

  



Burton on the Wolds Operation to Start in Mid-October
Thursday, September 18, 2014 Egdon Resources expects operations on its onshore Burton on the Wolds exploration well in the UK to begin by mid-October.

Sound Prioritizes Resources towards Badile Drill in 2015
Wednesday, September 17, 2014 Sound Oil Chairman Simon Davies says the firm is prioritizing its human and capital resources towards the drilling of its onshore Badile asset in early 2015.

OMV's Huijskes To Leave In 2016 For 'Private Reasons'
Tuesday, September 16, 2014 OMV's head of exploration and production, Jaap Huijskes, will leave the company in the first half of 2016.

Russia Considers Rosneft Request for Help from State Fund
Tuesday, September 16, 2014 Rosneft, hit by Western sanctions over the Ukraine conflict, will be able to apply for money from a state wealth fund, Russia's deputy prime minister says.

One Millionth Barrel Delivered from Arctic Field Offshore Russia
Monday, September 15, 2014 Russia's Gazprom Neft delivers the one millionth barrel from its Prirazlomnoye field in the Arctic.

Russia's Energy Minister To Meet OPEC As Oil Price Falls More
Monday, September 15, 2014 Russian Energy Minister Alexander Novak will meet OPEC officials in Vienna, his spokeswoman says, as oil's price fall piles pressure on Moscow's budget.

Russia's SeverEnergia Launches New Gas Production Stage
Monday, September 15, 2014 Russia's SeverEnergia expands natural gas production at its Arctic field to help it meet output targets.

Scotland 'Yes' Vote Would Trigger Dispute Over Old Oil Rigs
Friday, September 12, 2014 Scotland will ask Britain to help finance the cost of removing old North Sea rigs and pipelines even if it votes for independence and gains most of the oil revenues.

Inside GE's New Technology Solutions Center
Friday, September 12, 2014 Rigzone takes a tour around GE's New Technology Solutions Center in Stavanger, Norway.

Italy's Renzi Happy with Choice of Descalzi as Eni CEO
Friday, September 12, 2014 Italian Prime Minister Matteo Renzi says he remains happy with his choice to appoint Claudio Descalzi to lead Eni in spite of a corruption probe involving the Italian oil major's CEO.

Gazprom's 1Q Earnings Hurt By Ukraine, Exports Outlook Worsened
Thursday, September 11, 2014 Gazprom reports a 41% fall in 1Q net profit with more pain to come due to the firm's pricing dispute with Ukraine.

Norway Wins Interest from 47 Oil Firms in Licensing Round
Thursday, September 11, 2014 Norway receives applications from 47 energy firms, including most majors operating in the country, for oil and gas licenses in mature areas.

CEO: Subsea 7 Keen on Taking Part in Sector Consolidation
Thursday, September 11, 2014 Subsea 7 would be keen to participate in oil and gas service industry consolidation but is not involved in any current deals.

UK Onshore Industry Disappointed by South Downs Ruling
Thursday, September 11, 2014 The UK onshore oil and gas sector said it finds a decision to turn down an application to carry out exploration near the village of Fernhurst in southeast England 'regrettable'.

Seadrill Says Offshore Drilling Market 'Bad' This Year, Worse In 2015
Wednesday, September 10, 2014 Seadrill says the offshore drilling market will remain soft for the next couple of years.

OMV Selects 15 Women for Technical Scholarships
Wednesday, September 10, 2014 OMV announces that it will support 15 more young women students through technology-based degrees.

Odfjell Secures New Well Services Contracts
Wednesday, September 10, 2014 Odfjell says it has secured $250 million of well services contracts during the past six months, including a new deal with Statoil for tubular running services and rental services.

Poland's PGNiG Says Sees Lower Gas Supplies from Gazprom
Wednesday, September 10, 2014 PGNiG says that it is seeing reduced gas supplies from Russia's Gazprom and is trying to clarify the reason why.

Execs: Offshore Oil Drilling Market To Suffer Through 2015
Wednesday, September 10, 2014 A sluggish offshore drilling market could deteriorate further next year due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration.

Kvaerner Explores New Strategy
Wednesday, September 10, 2014 Kvaerner believes the time is right to examine its strategy in order to build on progress achieved from a record high order backlog and cost reduction measures.

TGS Says Maintains Guidance despite Softer Market
Wednesday, September 10, 2014 Seismic survey firm TGS maintains its 2014 guidance even as the global exploration market softens.

Statoil Resumes Drilling Norway Well In Partnership With Rosneft
Wednesday, September 10, 2014 Statoil resumes drilling at the oil-bearing Pingvin prospect in the Barents Sea after receiving a permission from the Norwegian Environment Agency, North Energy says.

US, EU Ready New Sanctions To Stop Oil Exploration In Russia
Wednesday, September 10, 2014 The United States and European Union plan to stop billions of dollars in oil exploration in Russia by the world's largest energy companies including ExxonMobil and BP, US government sources say.

Jee Ltd. Launches New 2015 Course Schedule, Location
Tuesday, September 09, 2014 Jee Ltd. releases its 2015 course schedule, which includes an additional advanced practitioner course and a new training program in Norway.

Interview with Shell's Ben van Beurden: A Sharper Focus On The Bottom Line
Tuesday, September 09, 2014 After just a few months in the job, Shell CEO Ben van Beurden reveals what it's like to head up one of the world's biggest companies.

Norwegian Oil Explorer PGS Cuts Spending, To Sell Russian Venture
Tuesday, September 09, 2014 PGS cuts its investment plans and decides to sell its Russia-based venture in order to improve cash flow.

Rosneft Struggles To Grow As Sanctions Hit Russia's Oil Champion
Tuesday, September 09, 2014 Rosneft cuts staff and production, while selling stakes in its Siberian fields, amid Western sanctions.

Russia's Novatek CEO Says Plans Unchanged Despite Sanctions
Tuesday, September 09, 2014 Novatek CEO says Russian firm will not change its future plans in spite of Western sanctions.

Russia's PM Signals $40B State Help for Rosneft Possible
Monday, September 08, 2014 Russian PM Dmitry Medvedev says Rosneft may receive more than $40 billion for the state to help services its debt.

Russia Sees Oil Output Edging Down In 2015
Monday, September 08, 2014 Russian oil production, a major source of government revenue, may decline slightly next year, having risen steadily since 2009, the Energy Ministry says.

Sound Oil Promotes Italy MD to its Board
Monday, September 08, 2014 Sound Oil appoints Luca Madeddu, its managing director for Italy, to its board of directors.

Diplomat: EU Puts Top Russian Oil Companies on Sanctions List
Monday, September 08, 2014 The European Union puts Russia's Rosneft, Transneft and Gazprom Neft on its list of Russian state-owned firms that will not be allowed to raise capital or borrow on European markets, says a diplomat.

SPE to Host 'World First' Event on Workplace Discrimination
Monday, September 08, 2014 The Society of Petroleum Engineers (Aberdeen Section) will host a 'world-first event' next month to highlight workplace discriminatory issues within the oil and gas industry.

Rosneft, Petrovietnam To Jointly Work On Shelf Blocks In Pechora Sea
Friday, September 05, 2014 Rosneft has agreed to set up a joint venture with Petrovietnam to develop two shelf blocks in the Pechora Sea in the Arctic off northwest Russia.

Russia's Rosneft Starts Production at One of its Sakhalin Fields
Thursday, September 04, 2014 Rosneft starts oil production at one of its Sakhalin fields, CEO Igor Sechin tells Russian President Putin.

Northern Petroleum Rings Management Changes
Thursday, September 04, 2014 Northern Petroleum announces management changes to its exploration and technical director and COO roles.

Norway-Focused Firms Join Oil Spill Project
Thursday, September 04, 2014 Aptomar launches a Norwegian project with Eni, Statoil, GDF Suez and OMV aimed at improving oil spill detection and management.

Drilling Begins at Horse Hill-1 Well
Wednesday, September 03, 2014 Drilling begins of onshore well Horse Hill-1 in the UK's Weald Basin.

BP Launches 'Ultimate STEM Challenge' for UK Schoolchildren
Wednesday, September 03, 2014 BP launches an "Ultimate STEM Challenge" to engage young schoolchildren with science and technology.

SPE Aberdeen Section Appoints New Chairman
Wednesday, September 03, 2014 The Aberdeen Section of the Society of Petroleum Engineers appoints Ross Lowdon as its new chairman.

Russian Oil Production Rises in August, Sanctions Yet to Bite
Tuesday, September 02, 2014 Russia's oil output increased in August, helped by an increase in condensate production at Gazprom, showing that energy supplies have ben been yet affected by sanctions over Ukraine.

Onshore UK Wressle-1 Well Shows 'Encouraging' Results
Tuesday, September 02, 2014 Egdon Resources and Union Jack Oil say they are 'very encouraged' by preliminary results from their Wressle-1 conventional well in northern England.

Two Ex-US Senators To Lobby For Sanctioned Russian Bank
Tuesday, September 02, 2014 Gazprombank has hired two former US senators to lobby on its behalf in Washington, according to a disclosure form.

RGU Launches 'Big Data' Center for Oil & Gas Industry
Tuesday, September 02, 2014 Robert Gordon University launches a data technologies center that is aimed at using "Big Data" analytics to help the oil and gas industry.

Gazprom Managers May Face Corruption Charges in Switzerland
Tuesday, September 02, 2014 Two Gazprom managers may face corruption charges related to bribes paid in connection with the construction of the Yamal gas pipeline that connects Siberia to Germany.

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