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Regional News: Europe & Russia

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Cuadrilla Consults Residents Ahead of Exploration Frack
Wednesday, April 23, 2014 Cuadrilla Resources engages with public ahead of fracking in Lancashire, England.

Report: UK Oil, Gas Supply Chain Worth $59B
Wednesday, April 23, 2014 A report from Oil & Gas UK and Ernst & Young finds that the UK oil and gas supply chain is worth $59 billion annually.

Austrian Energy Firm OMV Posts Rise in 1Q Production
Wednesday, April 23, 2014 Austria's OMV sees first-quarter production increase by 12 percent.

MOG 1Q Production Down amid Production Challenges
Wednesday, April 23, 2014 Mediterranean Oil & Gas sees its first quarter production more than halve as work continues to reverse production challenges at its assets.

Report: Russia's Yamal LNG Chooses Gas Carriers
Wednesday, April 23, 2014 The Yamal LNG project in Russia's Arctic region chooses Sovkomflot, Mitsui OSK and Teekay LNG to build gas carriers worth $5 billion.


Russia's Putin Wants Beefed-Up Presence In Arctic
Tuesday, April 22, 2014 President Putin says that Russia should step up its presence in the Arctic and challenge other nations in exploring the world's largest untapped natural reserves.

Fred. Olsen Rig Upgrade Delayed, Seen More Expensive
Tuesday, April 22, 2014 Norway's Fred. Olsen Energy says an upgrade on its Blackford Dolphin rig will be more expensive and take longer than previously thought.

Exxon Finds Tapping Device On UK Oil Pipeline
Tuesday, April 22, 2014 ExxonMobil says it found a tapping device on a UK oil products pipeline following reports that a stash of diesel had been discovered that police said had been siphoned off by thieves.

Aker and Baker Agree Subsea Technology Deal
Tuesday, April 22, 2014 Aker Solutions and Baker Hughes are teaming up to develop technology designed to boost output and reduce costs at subsea fields.

Lundin Spent $127M on Exploration during First Quarter
Tuesday, April 22, 2014 Sweden's Lundin Petroleum expenses $127 million for the drilling of four non-commercial wells during 1Q 2014.

Douglas Westwood Says the Oil Industry Needs a Common Voice
Monday, April 21, 2014 Douglas-Westwood says the oil industry needs to have a common voice to counter negative perceptions of the sector.

Esso Shuts UK Fuel Pipeline After Theft Report
Monday, April 21, 2014 Exxon's UK arm Esso shuts a pipeline running from its Fawley oil refinery near Southampton for checks.

Minister: Turkey, Russia Agree on Boosting Blue Stream Gas Pipeline
Monday, April 21, 2014 Turkey and Russia have agreed to raise the capacity of the Blue Stream pipeline to 19 bcm annually from 16 bcm, Energy Minister Taner Yildiz says.

Biden Offers US Help On Energy, Aid Allocation For Ukraine
Monday, April 21, 2014 US VP Biden will announce a package of technical assistance focused on energy and economic aid distribution during a two day visit to Kiev.

Paper: Voestalpine CEO Calls For Europe To Frack In Low-Density Areas
Friday, April 18, 2014 Europe should consider allowing fracking for shale gas in sparsely populated areas, the chief executive of Voestalpine told a German newspaper.

Russia Ships First Oil From Disputed Offshore Arctic Platform
Friday, April 18, 2014 President Putin hails Russia's first shipment of Arctic offshore oil, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shell Commited To Russia Expansion Despite Sanctions
Friday, April 18, 2014 President Vladimir Putin pledges to support Shell's Russia expansion plans at a meeting with the company's chief executive Ben van Beurden.

Minister: Oil, Gas Firms Committed To Russia Despite Sanctions
Friday, April 18, 2014 Russian and international majors are cooperating as usual despite sanctions imposed over Ukraine and Russia's South Stream pipeline project is going ahead, Energy Minister Alexander Novak says.

Providence Offered Upgrade to its Newgrange Licensing Option
Thursday, April 17, 2014 Providence Resources is offered the opportunity to convert its Newgrange licensing option, offshore Ireland, into a Frontier Exploration Licence.

Eni, Ukraine Agree On Need To Increase Gas Production
Thursday, April 17, 2014 Eni's Poalo Scaroni and Ukraine's energy minister agree on the need to increase gas production in the country, which is at the center of escalating tensions with Russia.

Eurasia Drilling 1Q Sales Down on Rouble, Restructuring
Thursday, April 17, 2014 Russia's Eurasia Drilling Company reports 12-percent fall in 1Q sales due to a weaker rouble and client restructuring.

Schlumberger Hurt By Reduced Drilling, Weak Pricing In Latam
Thursday, April 17, 2014 Schlumberger reports a profit that beat analysts' estimates, but revenue fell short of expectations due to reduced drilling and pricing pressure in Latin America.

Stable North American Market Drives Revenues at Enteq
Wednesday, April 16, 2014 More stable North American markets drive revenue growth at Enteq.

Minister: Passage of South Stream Pipeline via Turkey Possible
Wednesday, April 16, 2014 Turkey would consider allowing the South Stream pipeline to pass through its territory if Moscow made such a request, according to Energy Minister Taner Yildiz.

Galp Beats Expectations with Big Oil Output Increase
Tuesday, April 15, 2014 Portugal's Galp sees oil and gas output jump by more than 19 percent during the first quarter of 2014.

Ruspetro Gets 20-Year Extension to Vostochno-Inginsky License
Tuesday, April 15, 2014 Ruspetro sees its Vostochno-Inginsky license in the Western Siberia extended to 2034.

BP Head Says Russian Business Unaffected by Sanctions
Tuesday, April 15, 2014 Western sanctions over Russia's actions in Ukraine are not affecting BP's business in Russia, says BP boss Bob Dudley.

Eni's New Head Caught Between Russia And The New frontiers
Monday, April 14, 2014 Claudio Descalzi faces a delicate balancing act as he takes the helm of Italian oil major Eni.

France's Total Calls Time on Polish Shale License
Monday, April 14, 2014 France's Total chooses not to renew its only shale gas exploration license in Poland, according to a company spokesman.

Italy Set to Make Sweeping Management Changes at State Firms
Monday, April 14, 2014 Italy is set to announce sweeping changes to the top management at state-backed firms, including oil group Eni

Repsol Hired 1,062 New Employees in 2013
Monday, April 14, 2014 Repsol hires 1,062 new employees, while training 800 students, in 2013.

Russia, China Aim to Finish Gas Talks before Putin's May Visit
Monday, April 14, 2014 Russia and China aim to wrap up a 10-year series of talks about Russian gas supplies before Russian President Vladimir Putin visits China in May.

Crimea: the Oil and Gas Story
Monday, April 14, 2014 The recent annexation of the Crimea region could land Russia with substantial Black Sea gas and oil resources off the peninsula's southwest and east coasts.

Arctic Gas Project Backs Political Strategy as Russia Turns East
Friday, April 11, 2014 On the Arctic tundra far to the north of Moscow, Russia is charting a course for a liquefied natural gas project away from the West and towards Asia.

MOG Receives 1st Payment Following Malta Case
Friday, April 11, 2014 Leni Gas & Oil pays Mediterranean Oil & Gas $1 million of the $2.5 million it owes MOG after the failure of its court case over a 2012 Maltese license deal.

BP Competition Winners Look Forward to Alaska Trip
Friday, April 11, 2014 Rigzone talks to Christopher Clay, a member of Oxford University's winning team in the UK version of this year's Ultimate Field Trip competition run by BP.

GDF Drills Dry Well in Arctic Barents Sea
Thursday, April 10, 2014 France's GDF drills a dry well in the Arctic Barents sea approximately 40 miles southwest of the Johan Castberg fields.

BP Says Can Act As Bridge Between Russia And West
Thursday, April 10, 2014 BP can help enhance relations between Russia and the West and is talking to politicians across the world, executives say.

Business Sweden to Showcase 'Powerful Forces' at OTC 2014
Thursday, April 10, 2014 Business Sweden is thrilled to once again demonstrate the Nordic Region's impressive breadth and depth at OTC 2014.

VNG's Pil Well Flows at 6,710 Bopd
Thursday, April 10, 2014 VNG Norge flows the Pil well in the Norwegian Sea on the P586 license at 6,710 barrels of oil per day.

OMV To Pay Higher Austrian Oil And Gas Royalties
Tuesday, April 08, 2014 OMV will have to pay higher royalties for oil and gas production in Austria backdated to the start of this year, its chief executive says.

Britain Warns Scots That Independence Would Hurt Energy Industry
Tuesday, April 08, 2014 Britain warns Scots that voting for independence would threaten the commercial viability of North Sea oil and gas fields and renewable energy projects.

Douglas-Westwood Offers Views on Long-Term Growth in Oil, Gas Drilling
Tuesday, April 08, 2014 Douglas-Westwood offers views on long-term growth in oil and gas drilling in its latest edition of DW Monday.

Energy Companies Need Insurance Cover For Cyber Attack 'Time Bomb'
Tuesday, April 08, 2014 Energy companies have no insurance against major cyber attacks, reinsurance broker Willis says, likening the threat to a "time bomb" that could cost the industry billions of dollars.

Norway to Boost Oil Project Oversight after Cost Overruns
Tuesday, April 08, 2014 Norway's Oil Directorate Head says the country is growing increasingly intolerant of delays and cost overruns at offshore oil projects.

Paper: Rosneft CEO's Son Ivan Joins Company's Offshore Division
Tuesday, April 08, 2014 Rosneft CEO's son joins the state oil company to work on offshore projects, according to the Kommersant newspaper.

Songa Offshore Expects to Secure Financing for Remaining Rigs
Tuesday, April 08, 2014 Songa Offshore is confident it can raise the debt it needs to pay for the last two rig new-builds it has ordered, according to its CEO.

Crimea Cost Ukraine Over $10B In Lost Natural Resources
Monday, April 07, 2014 Ukraine's ecology and natural resources minister estimates that Kiev has lost natural resources and related assets worth $10.8 billion when Russia annexed the Crimea region.

Gazprom Neft CEO Says Russian Oil Company Could Look Eastward if Sanctions
Sunday, April 06, 2014 Gazprom Neft is ready to move away from dollars in its contracts and redirect oil flows to Asia it hit by sanctions.

British Engineer Kentz Appoints Meg Lassarat CFO
Friday, April 04, 2014 Energy sector engineer Kentz Corporation appoints former UniversalPegasus International executive as its new CFO.

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