Regional News: Europe & Russia
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Russia's Putin Orders Gazprom to Start Gas Pipeline Construction to China
Monday, September 01, 2014 President Putin orders the start of construction of Gazprom's 'Power of Siberia' pipeline to China.
Ruspetro Plans a Second Horizontal Well This Year
Friday, August 29, 2014 Ruspetro says it is planning to spud and drill another horizontal well from Pad 23b by the end of the year.
Lundin Petroleum's Luno II Oil Discovery off Norway Disappoints
Friday, August 29, 2014 Lundin Petrolum's Luni II oil and gas discovery offshore Norway is smaller than expected, with analysts saying it may be too small to support a standalone development.
Kongsberg Bags Contract from BW Offshore for Catcher FPSO
Friday, August 29, 2014 Kongsberg Maritime Engineering bags contract from BW Offshore for Catcher floating production, storage and offloading vessel.
Russia's Lukoil Says 1H Hydrocarbon Production up 3.2% Year-on-Year
Friday, August 29, 2014 Russia's Lukoil says hydrocarbon production during its first half improved by 3.2 percent year-on-year.
Italy Aims To Complete Eni, Enel Stake Sales By December
Thursday, August 28, 2014 Italy's government says it is on course to sell stakes in energy groups Enel and Eni by the end of the year.
Source: Repsol To Drill First phase Of Canary Islands Well On Its Own
Wednesday, August 27, 2014 Repsol, part of a consortium planning to explore for oil off the Canary Islands, will carry out the first phase of the project on its own, a source with knowledge of the matter says.
With Romanian Gas, Moldova Seeks Energy Independence From Russia
Wednesday, August 27, 2014 Moldova took a small but symbolic step towards easing its reliance on Russian gas imports when it inaugurated a pipeline that will bring in Romanian gas from next week.
Rig Company Seadrill Hit by Profit Miss, Cautious Outlook
Wednesday, August 27, 2014 Offshore driller Seadrill reports second-quarter earnings below forecasts, offering a cautious outlook.
Germany's Energy Transition Dream at Risk of Becoming Nightmare
Wednesday, August 27, 2014 Germany's "Energiewende" (or Energy Transition) dream of pursuing an economy powered by renewables is in danger of turning into a nightmare, says Wintershall exploration and production director.
GE Launches New Xmas Tree to Meet Deepwater Challenge
Wednesday, August 27, 2014 GE Oil & Gas launches a new Deepwater Vertical Xmas Tree (DVXT) for depths of up to 9,850 feet.
Aker Solutions Says Engineering On Track For 2017 Cost Cut Of 30%
Tuesday, August 26, 2014 Aker Solutions Engineering Vice President Valborg Lundegaard says at ONS that his division is on track to cut costs by 30 percent by 2017.
Wood Mac: 10B Barrels of Undeveloped Resources on NCS
Tuesday, August 26, 2014 Research firm Wood Mackenzie says there are 10 billion barrels of hydrocarbons on the Norwegian Continental Shelf, of which 60% could be commercialized.
Statoil at ONS: Aasta Hansteen Remains On Track for 3Q 2017
Tuesday, August 26, 2014 Statoil is currently employing 200 people in northern Norway to work on its Aasta Hansteen gas field development, where drilling is set to start in 2016.
Aker Solutions CEO: Oil Sector Should Simplify Tenders To Cut Costs
Tuesday, August 26, 2014 The oil industry could cut down costs by simplifying the process of tendering for contracts, Aker Solutions CEO Luid Araujo says.
Energy Project Delays Cut Petrofac Profit Nearly in Half
Tuesday, August 26, 2014 UK oilfield services company Petrofac reports a halving of first-half profits after being hurt by slow progress at some of its projects.
Wood Mac: Norwegian Incremental Projects Growing in Importance
Monday, August 25, 2014 Wood Mackenzie shows that favorable project economics compared to greenfield developments are driving incremental projects in Norway's upstream sector.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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