Regional News: Europe & Russia

 
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Russian Finmin: No Revolutionary Changes To Oil, Gas Tax Regime
Friday, September 23, 2016 Russian Finance Minister Anton Siluanov says any changes in the oil and gas tax regime would not be "revolutionary" but energy taxes were to increase.

Polarcus to Conduct European 3D Seismic Acquisition
Friday, September 23, 2016 Polarcus Limited receives a letter of intent to conduct a 3D marine seismic acquisition in Europe, utilizing its XArray multiple source acquisition method.

Statoil To Improve Helicopter Safety Following Fatal Crash
Friday, September 23, 2016 Statoil has vowed to improve helicopter safety following the release of an investigation into a fatal helicopter crash which occurred on the NCS earlier this year.

Russia Says 'In Theory' It Can Cut Oil Output By 5%
Thursday, September 22, 2016 Russia can "in theory" reduce its oil output by 5%, Russian Deputy Energy Minister Kirill Molodtsov said on Thursday.

Danish Transport Giant Maersk To Spin Off Energy Operations
Thursday, September 22, 2016 Rocked by low freight and oil prices, Denmark's A.P. Moller-Maersk will split into separate transport and energy divisions under a keenly-anticipated revamp announced on Thursday.

  


Total Says to Cut Costs By A Further $1B
Thursday, September 22, 2016 French oil and gas giant Total raised its savings target and lowered its investment forecast in further moves to weather prolonged oil price weakness.

Gazprom Discovers New Gas Deposit in Sea of Okhotsk
Thursday, September 22, 2016 Gazprom saya it has discovered a new gas deposit during exploration at the Kirinskoye field in the Sea of Okhotsk near Russia's Sakhalin island.

Russia's Gazprom Says Output at Bolivian Field to Double by Mid-2019
Thursday, September 22, 2016 Russian gas giant Gazprom plans to double gas production at Bolivia's Incahuasi field to 13 million cubic metres per day by mid-2019.

Union Jack Oil Raises Cash to Fund Onshore UK Acquisitions
Thursday, September 22, 2016 Union Jack Oil plc raises $900,000 through a placing of 411,764,706 new ordinary shares of $0.03 at a price of $0.22 per placing share.

Norway Services Strike Affects Schlumberger, Baker Hughes, Halliburton
Wednesday, September 21, 2016 More than 300 oil service employees, all Industri Energi union members, went on strike Wednesday after wage talks broke down with the Norwegian Oil Industry Association.

Engie To Hang On To LNG, Selling Coal And Oil
Wednesday, September 21, 2016 Engie is not considering selling its liquefied natural gas (LNG) activities but confirmed it will exit burning coal and producing oil, Chief Executive Isabelle Kocher told Reuters on Wednesday.

Still Significant Interest in Mature Area Exploration Within NCS
Wednesday, September 21, 2016 There is still significant interest in exploring mature areas within the Norwegian Continental Shelf, says the Norwegian Petroleum Directorate.

Aker Solutions to Temporarily Cut 100 Employees
Tuesday, September 20, 2016 Aker Solutions confirms that it will temporarily cut 100 employees from its subsea services business in Norway, due to the sustained decline in market activity.

Norwegian Production Decreasing
Tuesday, September 20, 2016 Norwegian production is decreasing according to preliminary production figures from the Norwegian Petroleum Directorate.

Lundin Granted Drilling Permit Offshore Norway
Tuesday, September 20, 2016 The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7219/12-1, offshore Norway.

OGA Releases Technology Strategy In Bid to Maximize UKCS Economic Recovery
Tuesday, September 20, 2016 The OGA releases its Technology Strategy Tuesday in a bid to maximize economic recovery from the UK Continental Shelf.

Ukraine Reverses Naftogaz Move After Creditor Criticism
Tuesday, September 20, 2016 Ukraine cancels a decision to transfer control of the gas transport arm of state energy firm Naftogaz to the economy ministry.

Engie To Cut 1,150 French Jobs, LNG Unit Making Losses
Monday, September 19, 2016 Engie plans to cut about 1,150 jobs in various support functions and the firm's Liquefied Natural Gas (LNG) business is set to book a full-year loss after making losses in the first half.

Kemp: Hedge Funds Scale Back Short Positions As Oil Steadies
Monday, September 19, 2016 Hedge funds scaled back some of their short positions in crude oil futures and options after prices failed to fall further, suggesting the market was running out of negative momentum.

MEI: Oil Market Rebalance Will Take Another 6 Months
Monday, September 19, 2016 Data and analytics specialist McKinsey Energy Insights (MEI) forecasts that it will take more than 6 months for the oil markets to fully rebalance.

Statoil Deals With Aasgard B Platform Fire Within Minutes
Monday, September 19, 2016 A small fire which occurred on the Aasgard B platform offshore Norway on Sunday was quickly dealt with, a Statoil representative told Rigzone.

Aker Lands Troll B Work
Friday, September 16, 2016 Aker Solutions secures a contract from Statoil to deliver a compression module for the Troll field in the North Sea, which will help boost output at the offshore Norwegian field.

Europe's Biggest Natural Gas Producer Is Running Out Of Fuel
Friday, September 16, 2016 The European Union's biggest natural gas producer is running out of reserves.

Tullow Oil: Discovery Made in Cara Prospect Offshore Norway
Friday, September 16, 2016 Tullow Oil Norge AS reveals that an oil and gas discovery has been made in the Cara prospect offshore Norway.

Oil, Gas Industry Calls for Delay in Introduction of Apprenticeship Levy
Thursday, September 15, 2016 A delegation of oil and gas industry bodies has called for the introduction of a training tax to be postponed across the UK.

ONGC Videsh Inks Deal with Rosneft to Up Stake in Russia's Vankorneft
Thursday, September 15, 2016 India's ONGC Videsh inks agreement with Rosneft to acquire an additional 11 percent stake in Vankorneft, the operator of the Vankor field and North Vankor license in Russia.

Providence Expects to Drill Druid Prospect in Summer 2017
Thursday, September 15, 2016 Providence Resources plc expects the Druid prospect, located in FEL 2/14 in the southern Porcupine Basin offshore Ireland, to be drilled in summer 2017.

Norway's Industri Energi Oil Union In Legal Loss Before Wage Talks
Thursday, September 15, 2016 Norway's Labour Court approves a wage agreement signed by a small group of oil workers and their employers, a party involved in the dispute said.

Parkmead Increases Stake in 'Major' UKCS Oil Project
Wednesday, September 14, 2016 Parkmead, the UK and Netherlands focused independent oil and gas group, has increased its stake in the Perth and Dolphin oil fields in the UK Central North Sea.

Det Norske Increases Production Guidance for 2016
Wednesday, September 14, 2016 Norway-focused exploration and production company Det norske oljeselskap ASA increases its production guidance for 2016.

Total Considering Sale Of Stake In Norway's Martin Linge
Wednesday, September 14, 2016 French oil and gas company Total is considering the sale of some of its 51% stake in the Martin Linge oil and gas field in Norway where it is the operator, Bloomberg reported.

Eni Signs Concession Contract with Montenegro Government
Wednesday, September 14, 2016 Eni signs a concession contract with the Government of Montenegro for the exploration of 4 blocks in the country's offshore.

Eni Pledges Fewer Mishaps on Arctic Platform in Safety Shake-Up
Wednesday, September 14, 2016 Eni is shaking up safety measures at the Goliat platform in Norway's Arctic in a bid to draw a line under a series of incidents that have hurt production at the world's northernmost offshore oil field.

Scottish Oil, Gas Production Increases 21.4% YoY
Wednesday, September 14, 2016 Scottish oil and gas production increased by 21.4% this year, compared to 2014-15, according to official figures from the Scottish Government.

TGS, PGS to Acquire Majority of Dolphin UK Ltd. Multi-Client Library
Wednesday, September 14, 2016 TGS has, together with Petroleum Geo-Services ASA (PGS), agreed principal terms and conditions for jointly acquiring the majority of the multi-client library of Dolphin UK Ltd.

Kemp: Persistence Of Instability In The Oil Market
Wednesday, September 14, 2016 Volatility appears to be an intrinsic quality of oil markets rather than an incidental problem to be solved through improved forecasting, management and coordination.

Business Conditions In Norway's Oil Region At 15-Month High
Tuesday, September 13, 2016 Companies based in Norway's western oil-producing regions have seen a fragile recovery in the third quarter and expect further improvements to take hold over the next six months.

Energy Executive Karen Karapetyan Named As Armenian PM
Tuesday, September 13, 2016 Energy executive Karen Karapetyan is named prime minister of Armenia a week after the abrupt resignation of his predecessor.

Demand For Groningen Gas Will Fall 'Sharply' From 2020
Tuesday, September 13, 2016 Demand for gas from Groningen will "fall sharply from 2020" as production at the northern Dutch field is reduced.

Russia's Transneft Resumes Oil Loadings From Novorossiisk
Tuesday, September 13, 2016 Russia's oil pipeline monopoly resumes oil loadings from the Black Sea port of Novorossiisk.

Subsea 7 Forms Development Alliance with Det Norske, Aker Solutions
Tuesday, September 13, 2016 Subsea 7 S.A. forms a development alliance with Det norske oljeselskap and Aker Solutions to cut costs.

IEA: Upstream Collapse Dragged Down Overall Energy Spend in 2015
Tuesday, September 13, 2016 The IEA's first detailed report on global energy investment shows the collapse in upstream oil and gas spending caused total investment across the global energy system to fall eight percent in 2015.

Johan Castberg Project Will Have Strong Ripple Effects
Tuesday, September 13, 2016 The Johan Castberg project will be important to Norwegian Industry and will have strong ripple effects, according to a proposed impact assessment program distributed by Statoil Tuesday.

Russia to Stop Oil Products Export Via Foreign Baltic Ports by 2018
Monday, September 12, 2016 Russia plans to fully halt exports of oil products from other than Russian ports on the Baltic Sea by 2018, the head of oil pipeline monopoly Nikolai Tokarev tells President Vladimir Putin.

Russia Suspends Oil Exports From Novorossiisk Due To Strong Wind
Monday, September 12, 2016 Russia's oil pipeline monopoly Transneft has suspended oil loadings from the Black Sea port of Novorossisk due to strong wind.

Russian Oil Output Seen At Up To 547M Tons In 2016
Monday, September 12, 2016 Russia's oil output is seen rising 2.2% this year, above expectations, to reach almost a 30-year high of 546-547 million tons.

French Port Workers To Join Strike Against Labour Reform
Monday, September 12, 2016 French CGT trade union port workers will join a nationwide strike against French labour reforms on Sept. 15 in a move that could disrupt oil shipment at French ports.

Offshore Norway Rigs Could Require Safety Modifications
Monday, September 12, 2016 Floating oil and gas rigs offshore Norway could require safety modifications following a fatal incident on the Norwegian Continental Shelf in December last year, according to DNV GL.

Spain's Repsol and Criteria Sell Combined 20% of Gas Natural
Monday, September 12, 2016 Spain's Repsol and Criteria Caixa will sell for $4.27 billion ($3.8 billion euro) a combined 20 percent stake in Gas Natural to U.S. fund Global Insfrastructure Partners.

COLUMN: Embracing Technology is the Way Ahead for Upstream Workers
Friday, September 09, 2016 Machines are increasingly taking humans out of the upstream workplace, so oil and gas workers need to be able to work with new technologies if they are to survive in the sector.

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