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Regional News: Europe & Russia

 
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Foreign-Owned Projects Boost Russian Oil Output in Sept
Thursday, October 02, 2014 Foreign-led projects lifted Russian oil output last month to within reach of a post-Soviet record, showing the potential in the country's existing fields, which are largely unaffected by Western sanctions over Ukraine.

Greece Expects To Sign Major Oil Test Drilling Contracts By October 2015
Wednesday, October 01, 2014 Greece expects to sign contracts for the first large-scale oil test drilling in its western and southern waters by October 2015, ministry officials say.

Oil Exploration Makes A Tentative Return To Alsace Region
Wednesday, October 01, 2014 Sustainably high oil prices have lured small oil explorers back to Alsace, the cradle of the French oil exploration industry that gave birth to corporate giants such as Schlumberger.

Penspen Acquires DPS Engineering, Gains Access to FPSO Market in Asia
Tuesday, September 30, 2014 Penspen acquires the engineering division of DPS Group to grow its business, especially in the floating production storage and offloading construction market in Asia Pacific.

LRE Releases Survey Findings on Innovation, Investment in O&G Sector
Tuesday, September 30, 2014 Lloyd's Register Energy releases the findings from an oil and gas survey to assess the impact of innovation and investment by operators in America, Europe and Asia.

  



Merkel Says May Be Necessary To Rethink EU Energy Partnership With Russia
Monday, September 29, 2014 German Chancellor Angela Merkel says there were good reasons to continue EU's energy partnership with Russia for the time being but that might change.

Kommersant: ExxonMobil Suspends Cooperation with Rosneft on Arctic Project
Monday, September 29, 2014 ExxonMobil is suspending cooperation with Rosneft on offshore drilling in the Arctic due to sanctions, Kommersant reports, citing unnamed sources.

Coming Change in UK Drilling Laws a Benefit to Oil, Gas Producers
Friday, September 26, 2014 A likely change in fracking laws could save producers money and speed-up the extraction process.

Russia Moves To Take Control Of Oil Firm From Billionaire
Friday, September 26, 2014 Russia moves to take control of an oil company from oligarch Vladimir Yevtushenkov.

San Leon Spuds Kety Well in Bestwina Concession in Poland's Karpaty Area
Friday, September 26, 2014 San Leon Energy spuds the Kety exploration well in Bestwina concession the Karpaty area, Poland.

Statoil Halts Aasgard A Production Due To Bad Weather
Thursday, September 25, 2014 Statoil shuts production at its Aasgard A field in the Norwegian Sea due to bad weather and expects production to resume shortly, spokesman Morten Eek says.

Semco Receives Orders for Equipment, Upgrade of 2 Jackups, 1 Semisub
Wednesday, September 24, 2014 Semco Maritime receives orders for equipment and upgrading of two Prospector Drilling's jackups and the Norwegian-operated Songa Dee semisub.

Denmark's Maersk Drilling CEO Sees Slow Deepwater Rig Market In 2014, 2015
Wednesday, September 24, 2014 Maersk Drilling Chief Executive Claus Hemmingsen talks at the sidelines of AP Moller-Maersk's annual capital markets day.

Parkmead Finds New Gas Field in Netherlands
Wednesday, September 24, 2014 London-listed oil and gas explorer Parkmead finds a new gas field in the Netherlands that it expects will feed into existing gas production infrastructure in the area.

Engineering Students Rank Shell in Top 10 of World's Attractive Employers
Tuesday, September 23, 2014 Over 100,000 engineering and IT students were asked who they would consider their ideal employer and the results put Shell in the top 10 for a second year running.

Russia's Rosneft, US ExxonMobil Continue Drilling In Kara Sea Till Oct 10
Tuesday, September 23, 2014 Rosneft and ExxonMobil are continuing to drill in the Kara Sea and plan to stop work by Oct. 10, Russian Deputy Energy Minister Kirill Molodtsov says.

Well-Centric Oilfield Services Appoints Chris Mawtus CEO
Tuesday, September 23, 2014 Well-Centric Oilfield Services appoints Chris Mawtus as CEO, with the firm to double its workforce to 70 employees to achieve growth targets.

Minister: Asian Firms To Replace Western Energy Majors If They Leave Russia
Monday, September 22, 2014 Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine, Natural Resources Minister Sergei Donskoi said.

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.

Total To Sell More Assets, Cuts Oil Output Target
Monday, September 22, 2014 Total plans to sell off assets, cut investments and reduce operating costs to deliver on a promise of generating $15 billion in free cash flow in 2017.

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.

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.

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.

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'.

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.

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.

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.

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.

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.

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.

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.

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