Regional News: Europe & Russia

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Petrofac Suspends Group Chief Operating Officer Amid SFO Investigation
Thursday, May 25, 2017 Petrofac's board has suspended its Group Chief Operating Officer, Marwan Chedid, until further notice, amid the Serious Fraud Office's ongoing investigation into the company.

OPEC, Non-OPEC Extend Oil Output Cut By 9 Months To Fight Glut
Thursday, May 25, 2017 OPEC and non-member oil producers gear up to extend output cuts.

Energean Signs Lease Agreement for Exploration Onshore Greece
Thursday, May 25, 2017 Energean Oil & Gas signs a Lease Agreement with the Greek government for the exploration and exploitation of hydrocarbons at the Aitoloakarnania block, onshore Western Greece.

Austria's OMV Says Iran Owes It $48 MM
Thursday, May 25, 2017 The National Iranian Oil Company (NIOC) still owes Austrian oil and gas group OMV $48 million, OMV's exploration and production chief Johann Pleininger says.

TECH SHOWCASE: 'End to End' Molecular Fuel Marking
Thursday, May 25, 2017 This chemical technology binds to molecules to detect adulterated fuels and crude oils.


Seadrill CEO Praises Workforce
Wednesday, May 24, 2017 Seadrill Limited is well positioned in the current market, thanks in part to its highly skilled workforce, the company's CEO, Per Wullf, says.

Most Norwegian Oil Workers Agree Wage Deal, Mediation For Rest
Wednesday, May 24, 2017 Energy firms operating offshore Norway agree wage deals for 2017 with the 2 largest trade unions representing oil and gas workers.

Wood Group Indicates Potential Job Cut Numbers Following Amec Deal
Wednesday, May 24, 2017 John Wood Group expects an overall potential reduction of approximately 2 percent of roles across the total combined group workforce, following its acquisition of Amec Foster Wheeler.

Statoil To Start Gina Krog Oil And Gas Field In June
Wednesday, May 24, 2017 Norwegian Petroleum Directorate gives consent for Statoil to start the Gina Krog oil and gas field in the North Sea.

Billionaire Ratcliffe Hunts Oil to Repeat Chemicals Empire Build
Wednesday, May 24, 2017 The deal to buy assets from Dong Energy A/S for more than $1 billion follows the purchase of a pipeline system from BP Plc that carries crude used to price more than half the world's oil.

Norway Oil Ministry Says Has No Plan To Cut Oil Output
Tuesday, May 23, 2017 Norway has no plans to cut its oil output, the country's oil and energy ministry says.

Shell Shareholders Reject Emissions Target Proposal
Tuesday, May 23, 2017 The vote is a setback for climate activists who are increasing pressure on global oil companies.

Glencore Predicts OPEC Insulated From Electric Vehicle Impact
Monday, May 22, 2017 Glencore is among the mining companies that anticipate electric vehicles could have a much earlier impact than previously thought.

Sentinel Marine Takes Delivery of New ERRV, to Create 24 New Jobs
Monday, May 22, 2017 New jobs to be created for Sentinel Marine following delivery of new ERRV.

Netherlands to Receive First LNG Cargo from Cheniere's US Plant
Monday, May 22, 2017 The Netherlands is set to receive its first LNG delivery from Cheniere Energy's Sabine Pass export plant in the United States, according to shipping data.

Wood Group Engineers to Carry Out Sakhalin Energy Services Contract
Monday, May 22, 2017 Wood Group's engineering team based in Yuzhno-Sakhalinsk, on Sakhalin Island, will carry out a technical support services contract for Sakhalin Energy Investment Company Ltd.

Russia's Gazprom Says May Raise 2017 Gas Output Forecast
Friday, May 19, 2017 Russian gas giant Gazprom says it may increase its gas production forecast due to robust demand.

Black Sea Diesel Plant Upgrade Delayed by a Year to 2019
Friday, May 19, 2017 Rosneft is building a new hydro-cracking unit at its refinery at the Black Sea port of Tuapse.

Norwegian Production Drops Month-on-Month
Friday, May 19, 2017 Production on the Norwegian Continental Shelf decline month-on-month in April, according to preliminary figures from the Norwegian Petroleum Directorate.

Traders Brace for First Winter Without U.K.'s Big Gas Store
Friday, May 19, 2017 In the past, a fully operational Rough provided a buffer against price swings.

BP Staff Raise Money for 4 Charities with 250 Mile Cycle
Friday, May 19, 2017 Around 60 current and former members of BP plc will set off on a 250 mile, 3-day cycle on May 21, in an effort to raise money for 4 separate charities.

BP Makes 'Valuable Addition' to Board
Friday, May 19, 2017 BP plc makes a 'valuable addition' to its board with the election of Melody Meyer as non-executive director, according to BP Chairman Carl-Henric Svanberg.

UK's Conservatives To Support Shale Energy, Cap Household Energy Tariffs
Thursday, May 18, 2017 Britain's Conservative Party will introduce legislation to support shale energy development and impose a household energy tariff cap if it is re-elected in June.

Aberdeen Subsea Company Marks Launch with New Office
Thursday, May 18, 2017 Aberdeen-based subsea integrity consultancy, 1 Consulting Subsea Integrity (1CSI), marks the launch of its business with a move into premises at the James Gregory Centre in Aberdeen.

Russian Government Still Hopes For Dividends From Rosneftegaz
Thursday, May 18, 2017 Russia hopes to receive dividend payout from state-controlled Rosneftegaz for 2016 despite the energy holding company registering a loss last year.

IPE Professor Wins SPE Award
Thursday, May 18, 2017 The 2017 North Sea Regional Award for Productions and Operations from the Society of Petroleum Engineers (SPE) has been awarded to Professor Eric Mackay of Heriot-Watt University.

Gazprom 2016 Dividend Payout To Be No Less Than Last Year
Wednesday, May 17, 2017 Russian gas giant Gazprom will pay at least the same amount in dividends on 2016 results as the year earlier, TASS news agency quotes Russian Deputy Prime Minister Arkady Dvorkovich as saying.

Russia's Rosneft, Italy's Eni To Expand Cooperation
Wednesday, May 17, 2017 Rosneft and Italian energy company Eni are due to sign an agreement on expanding cooperation.

Russia's Gazprom Cuts Gas Condensate Exports as Tax Bill, Tariffs Bite
Wednesday, May 17, 2017 Gas condensate accounts for around 7 percent of Russia's total oil production of 11 million barrels per day.

OGCI Appoints CEO of OGCI Climate Investments
Wednesday, May 17, 2017 The Oil and Gas Climate Initiative (OGCI) appoints Dr. Pratima Rangarajan as the chief executive officer of its newly-formed investment company, OGCI Climate Investments.

Jacobs to Provide EPCM Services at BASF's Ludwigshafen Site
Tuesday, May 16, 2017 Jacobs Engineering Group will execute engineering, procurement and construction management (EPCM) services at BASF's Ludwigshafen Verbund chemical complex in Germany.

Global Oil Market Rebalancing Speeds Up, Belied By Inventories
Tuesday, May 16, 2017 The global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up.

Dutchman Wants to Deploy Barriers to Gather, Recycle Pacific Plastic
Tuesday, May 16, 2017 The project has the backing of companies such as dredger Boskalis and chemical group Akzo Nobel.

Labour Party Pledges to Safeguard Offshore Oil Industry Jobs
Tuesday, May 16, 2017 The UK Labour party pledges to safeguard the offshore oil and gas industry and ban fracking in its 2017 manifesto.

Brent Bravo Platform Decommissioned, Will Run on Minimum Manning Mode
Tuesday, May 16, 2017 Wood Group will modify Shell's Brent Bravo platform in the North Sea to operate on minimum manning mode, following a decommissioning contract win.

Premier Oil Sees Significant Debt Reductions In 2018
Monday, May 15, 2017 Premier Oil, which has struggled to contain its $2.8 billion debt pile, says it expects to slash debt significantly in 2018 with planned asset disposals this year and lower capital spending.

Scottish University's Petroleum Engineering Course Gets Funding Boost
Monday, May 15, 2017 A major funding package for the Institute of Petroleum Engineering (IPE) at Scotland's Heriot-Watt University will directly support the UK offshore industry.

Report: Oil To Hit $60 Max in 2017
Monday, May 15, 2017 There is clear consensus that oil prices will be in the $50-60 per barrel range this year, and within the $60-80 per barrel range in 2020, according to a new survey from Wood Mackenzie.

BASF Sees Role Of Oil And Gas Unit Declining Further
Friday, May 12, 2017 BASF says its oil and gas division will play an even smaller role for group earnings as BASF's focus would lie on boosting profitability.

Romania To Start Gas Production At New Caragele Field In 2019
Friday, May 12, 2017 Romgaz will start production in 2019 at a newly discovered gas field, its biggest find in three decades, the government says.

Repsol Comes Up Dry in Norwegian Sea Wildcat Well
Friday, May 12, 2017 Repsol Norge AS, operator of production license 705, has come up dry in the drilling of wildcat well 6705/7-1, located in the northern part of the Norwegian Sea.

BASF Sees Role of Oil and Gas Unit Declining Further
Friday, May 12, 2017 The world's largest chemicals maker said its focus would be on boosting profitability at its chemicals and crop protection businesses as the contribution to earnings from oil and gas, hurt by low crude oil prices, diminishes further.

Sale Of Engie E&P Unit To Neptune Imminent
Thursday, May 11, 2017 Engie is in advanced talks with Neptune Oil & Gas about the sale of its oil and gas exploration and production unit and a deal is imminent, a source familiar with the situation tells Reuters.

Global Oil Industry on Brink of 'War on Talent'
Thursday, May 11, 2017 The global oil and gas industry is on the brink of a dangerous 'war on talent', says millennials expert Ryan Jenkins.

UKOOG: Over 3,000 Jobs Could Be Created by Scottish Shale Gas Industry
Thursday, May 11, 2017 UK onshore industry body, UKOOG, reveals that over 3,000 Scottish jobs could be created as a result of shale gas exploitation in the country.

Wood Group Expects Amec Deal to Close in 2H 2017
Thursday, May 11, 2017 Wood Group confirms that its acquisition of rival Amec Foster Wheeler is expected to close in the second half of this year.

Scotland's Oil, Gas Sector Emerging From Downturn
Wednesday, May 10, 2017 Scotland's oil and gas sector is emerging from the downturn, with people getting back into work and businesses growing in confidence, says SNP Deputy Leader Angus Robertson.

German Chemicals Industry Sees Higher 2017 Growth on Price Hikes
Wednesday, May 10, 2017 Industry sales would likely increase 3.5 percent this year, up from a March estimate of a 1.5 percent, the VCI lobby group said in a statement.

Report: Search Underway for Missing North Sea Rig Worker
Wednesday, May 10, 2017 A search operation is underway for a man reported missing from the Noble Lloyd Noble drilling rig in the North Sea's Mariner field, the BBC reports.

OCA Still Willing to Implement Pay Rise Despite GMB Industrial Ballot
Wednesday, May 10, 2017 The Offshore Contractors' Association says it's still willing to implement a 2% increase in basic pay for offshore employees, despite UK union GMB announcing plans to hold an industrial ballot.

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