Regional News: Europe & Russia

 
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Russia's Surgut to Launch Shpilman Oil Field
Thursday, September 03, 2015 Russia's Surgut will launch its Shpilman oil field in Siberia on Thursday, the Russian government said on its website.

Venezuela's Maduro Tells Putin he has Ideas on Stabilizing Oil Prices
Thursday, September 03, 2015 Venezuelan President Nicolas Maduro says he will talk to Russian President Vladimir Putin about what can be done to stabilize world oil markets and prices.

PGS Cold-Stacks another Vessel to Reduce Costs
Wednesday, September 02, 2015 PGS will cold-stack the Ramform Viking vessel, after it completes a multiclient project offshore East Newfoundland in October 2015, In order to reduce cost and capital expenditure.

Russia's Rosneft Says China's COSL to Drill Offshore Oil Wells
Wednesday, September 02, 2015 China Oilfield Services Limited will drill two offshore exploration wells for Rosneft, as the Russian company tries to overcome restrictions related to Western sanctions.

Atlantic Petroleum Continues to Increase Production
Wednesday, September 02, 2015 Atlantic Petroleum's total production output from the Chestnut, Ettrick and Blackbird fields, located offshore UK, has increased by 9,000 barrels of oil equivalent year-on-year from August 2014 to August 2015.

  


Aker Solutions CEO Says Risks Further Staff Cuts
Wednesday, September 02, 2015 Aker Solutions could be forced to cut jobs again unless markets recover, according to Aker Chief Executive Luis Araujo.

BG Says European Commission Signs Off on Shell Bid
Wednesday, September 02, 2015 The European Union's antitrust regulators have approved Royal Dutch Shell Plc's $70 billion takeover bid for BG Group.

Aberdeen Initiative Allows Oil, Gas Access to Skilled University Students
Tuesday, September 01, 2015 A new initiative in Aberdeen aims to connect specialized talent with small and medium-sized businesses.

Aker Solutions to Slash up to 500 More Jobs
Tuesday, September 01, 2015 Aker Solutions will be further reducing its Norwegian subsea workforce due to a "continued market slowdown".

Russia Says Oil Output Could Decline if Prices Stay Low
Tuesday, September 01, 2015 Russia will not deliberately cut oil production to prop up prices but its output may decline if prices remain low, according to Deputy Prime Minister Arkady Dvorkovich.

Russia's Rosneft Says Can Weather Oil at $40 per Barrel
Tuesday, September 01, 2015 Rosneft is resilient and expects no big changes to planning even with the price of oil languishing at $40 per barrel, according to a company official.

Subsea 7 Awarded $150M SURF Contract for Culzean
Tuesday, September 01, 2015 Subsea 7 is awarded a subsea, umbilical, riser and flowline (SURF) contract by Maersk Oil for the Culzean development, located in the UK North Sea.

Gazprom First-Half Net up 50 Pct, Boosted by Weaker Rouble
Monday, August 31, 2015 Russia's top natural gas producer Gazprom says its net profit rose 50 percent year-on-year to 675.9 billion roubles ($10.5 billion) in the first half of 2015, thanks to increased sales and a weaker rouble.

Russian Oil Firms Raise Profits And Output, Spurred By Rouble Weakness
Friday, August 28, 2015 Russian oil firms are increasing their rouble profits and raising production as a weak currency protects their business, which has turned into one of the world's most profitable.

Denmark Expects to Maintain Present Oil and Gas Production
Friday, August 28, 2015 Denmark expects to maintain its current production of oil and gas for the next two and a half years, according to new estimates from the Danish Energy Agency.

New IEA Boss Faces World Energy Landscape In Flux
Friday, August 28, 2015 The new head of the International Energy Agency faces dilemmas that challenge the purpose of the body set up to protect the interests of the West against the power of OPEC in the 1970s.

Oil Services Firms Beat Expectations, Tough Times Loom
Thursday, August 27, 2015 Oil and gas service companies have fared better than expected in the first half of the year despite a weak market, thanks to deep-pocketed Middle Eastern customers and stringent cost cuts.

OMV Appoints New Executive Board Member
Thursday, August 27, 2015 OMV appoints a new executive board member responsible for upstream, effective September 1, 2015.

Oil Industry Needs to Find Half a Trillion Dollars to Survive
Thursday, August 27, 2015 At a time when the oil price is languishing at its lowest level in six years, producers need to find half a trillion dollars to repay debt. Some might not make it.

Helicopter Operation Safety Review: Problems & Effectiveness
Wednesday, August 26, 2015 Rigzone looks at the Civil Aviation Authority's 2015 progress with its helicopter operation safety review.

IGas Appoints New Chief Financial Officer
Wednesday, August 26, 2015 IGas announces the appointment of a new chief financial officer and board director.

Maersk Seeks to Shut Oil Installation in UK North Sea
Wednesday, August 26, 2015 Maersk Oil seeks regulatory permission to shut its Janice installation, which produces around 7,000 barrels per day from three UK North Sea oilfields.

Schlumberger Estimates 10.99B Barrels of OIP in Horse Hill License Area
Wednesday, August 26, 2015 UK Oil & Gas Investments announces that 10.993 billion barrels of mean oil in place (OIP) has been independently calculated by Schlumberger to lie within the 55 square miles of the PEDL137 and PEDL246 Horse Hill licenses.

Petrofac Posts Net Loss of $133M in 1H 2015
Tuesday, August 25, 2015 Petrofac reveals a net loss of $133 million for the six month period ended June 30, 2015.

Lundin Well Indicates Edvard Grieg Recoverable Oil Increase
Tuesday, August 25, 2015 Preliminary results from appraisal well 16/1-23 S, operated by Lundin Norway, indicate an increase of between 35 million and 282 million cubic feet of recoverable oil in the south-eastern section of the Edvard Grieg field.

Oil & Gas UK Appoints 4 New Board Members
Tuesday, August 25, 2015 Oil & Gas UK announces four new appointments to its board of directors.

Russia's Rosneft in talks with Mubadala on East Siberian Fields
Monday, August 24, 2015 Rosneft is in talks with Mubadala Petroleum to jointly develop two east Siberian projects, Tass Yuriakh and Verkhnechonskoye, the Kremlin said on Monday.

Employment in Norwegian Oil, Gas Sector
Monday, August 24, 2015 Rigzone takes a look at employment developments in Norway during 2015, highlighting the reasons behind some of the largest cutbacks in the region and examining what hope there is for the area in the future.

San Leon Energy Confirms Bid Approach
Monday, August 24, 2015 San Leon Energy's board confirms receiving a bid approach that could lead to an offer being made for the company.

Russia's Novatek to Sell 10% in Yamal to Chinese Fund
Monday, August 24, 2015 Novatek is close to selling a 9.9% stake in its Yamal liquefied natural gas project to a Chinese investment fund, Kommersant business daily reported on Monday.

Prosafe SE: Robust Short-Term Outlook, Optimistic About Long-Term
Friday, August 21, 2015 Prosafe SE offers a "robust" short-term outlook and is optimistic about long-term market conditions.

First Phase of Johan Sverdrup Development Approved
Friday, August 21, 2015 The Norwegian Ministry of Petroleum and Energy approves the first phase of development for the Johan Sverdrup field.

Russia's Eurasia Drilling Says 1H Net Profit Halves
Thursday, August 20, 2015 Russia's Eurasia Drilling reports a halving of its first-half net profit on a weak rouble, low oil prices and lower demand from its chief customer, Lukoil.

Premier Oil Posts Robust First-Half Results
Thursday, August 20, 2015 Results from Premier Oil show it move from a profit to loss but the firm's first-half performance were judged 'solid' by analysts.

Five 'Hot' Oil, Gas Safety Technologies
Thursday, August 20, 2015 From rig simulators to flameproof motors, Rigzone takes a look at five of the latest safety technologies for the upstream oil and gas industry.

Climate Boss Says EU Can Only Back A Strong Paris Deal
Thursday, August 20, 2015 The EU supports a UN deal to cap global warming only if the agreement is legally binding and includes regular reviews.

ENI To Start Producing From Arctic Oilfield Off Norway In A Few Weeks
Wednesday, August 19, 2015 ENI plans to start oil production from Norway's first Arctic oil development in a few weeks after years of delays and cost overruns.

Transneft Prikamye: Oil Deliveries Unaffected Despite Pipeline Fire
Wednesday, August 19, 2015 Transneft Prikamye reports that a fire that stopped an oil pipeline in Russia's Perm region has not disrupted deliveries.

Wood Group Scores Gabon Deal after Tough First Half
Tuesday, August 18, 2015 Oilfield engineer Wood Group wins a multi-million dollar contract award with Shell in Gabon after announcing reduced revenues and profits for the first half of 2015.

Total Abandons Shale Gas Exploration at Well in Denmark
Tuesday, August 18, 2015 France's Total abandons exploration work at its shale well Vendyssel-1 in northwest Denmark, according to the Danish Energy Agency.

UK Awards 27 Blocks for Shale Exploration in Latest Licensing Round
Tuesday, August 18, 2015 The Oil & Gas Authority announces that 27 onshore blocks from the 14th Onshore Oil and Gas Licensing Round will be formally offered to companies involved in shale gas exploration.

LNG Ship Owners Launch Vessel Pool to Cut Costs in Depressed Market
Tuesday, August 18, 2015 Three of the world's top LNG tanker owners decide to market 14 vessel jointly on a spot charter basis in order to cut costs in a depressed market.

Total on Track to Start Bulgaria Offshore Drill in Early 2016
Monday, August 17, 2015 France's Total says it is on track to start drilling for oil and gas at an exploration site off Bulgaria's Black Sea coast early next year.

European Oilfield Services: Light at the End of the Tunnel?
Friday, August 14, 2015 Rigzone takes a look at recent quarterly statements and strategy updates from European oilfield services firms.

Russia's Rosneft Plans to Increase Oil Output
Friday, August 14, 2015 Russia's Rosneft plans to increase its oil production, Chief Executive Igor Sechin has told Prime Minister Dmitry Medvedev.

ONGC Said to Seek $900 Million Stake in Rosneft Vankor Field
Friday, August 14, 2015 India's ONGC is seeking through its overseas unit to buy a stake in Russia’s second-largest oil producing development from Rosneft, according to two people with direct knowledge of the plan.

Russia's Largest Oil Producer Bucks Global Drilling Slump
Thursday, August 13, 2015 OAO Rosneft, the world's largest traded oil producer, increased drilling by 27% in the first seven months of the year, according to a statement.

UK Government to Fast Track Shale Gas Planning Applications
Thursday, August 13, 2015 New measures are being introduced by the UK government to fast-track shale gas planning applications in the country.

Saipem Says Milan Prosecutors Open Corruption Probe On Brazil Contract
Wednesday, August 12, 2015 Saipem says it received notice that Milan prosecutors had opened an investigation into alleged international corruption regarding a contract the oil services group was awarded in Brazil in 2011.

Lukoil Caspian Field Passes 5M Tons Mark
Wednesday, August 12, 2015 Russian oil and gas firm Lukoil sees oil production at its Yuri Korchagin field in the Caspian Sea pass five million tons.

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