Regional News: Europe & Russia

 
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Industry Pros Gather for Offshore Achievement Awards
Friday, March 24, 2017 Almost 500 industry professionals gather in Scotland to celebrate innovation, collaboration and performance in the UK offshore energy sector at the SPE Aberdeen Offshore Achievement Awards.

Russian Private Oil Companies Swing Behind Output Cuts
Friday, March 24, 2017 Russia's private oil producers are ditching their scepticism and lining up behind an extension of a global deal to cut output after previous oil price increases compensated for lost income.

UK's Lamprell Sees Tough Year Ahead, Recovery Only In 2018
Friday, March 24, 2017 Oil rig builder Lamprell Plc lowers its revenue forecast for this year and says it expects to start seeing a recovery in activity only in 2018.

Serbian Oil Firm NIS Appoints New Chief After Run Of Weak Profits
Friday, March 24, 2017 Serbian oil firm NIS, majority owned by Russia's Gazprom Neft, has appointed its new top executive.

Repsol Chooses Atlas for Onshore, Offshore Consultant Provision
Thursday, March 23, 2017 Repsol chooses Atlas Professionals as the preferred supplier for the provision of onshore and offshore technical consultants.

  


UK Minister Brands Oil Worker Discrimination as Misguided
Thursday, March 23, 2017 A UK Minister has described instances of discrimination against oil and gas workers by potential employers as a 'misguided' approach.

Oil Majors Plunge Into Industry That May Hurt Fossil Fuel
Thursday, March 23, 2017 Big oil is starting to challenge the biggest utilities in the race to erect wind turbines at sea.

Report: Hiring Managers See Salaries Stagnating or Decreasing in 2017
Thursday, March 23, 2017 The majority of hiring managers in oil and gas see salaries as either remaining stagnant or decreasing within the next 12 months, according to the first Global Energy Talent Index (GETI).

Britain's Igas Wins Approval For Shale Gas Exploration
Wednesday, March 22, 2017 Britain's IGas has won planning consent from Nottinghamshire County Council to develop a shale gas well site and drill an exploratory well at Tinker Lane.

Maersk Reaches Key North Sea Tax Deal With Denmark
Wednesday, March 22, 2017 A.P. Moller-Maersk reached an agreement with the Danish state that means it will pay less tax on its North Sea oil and gas activities through 2025.

Wintershall Says Ready To Continue Supporting Nord Stream 2
Wednesday, March 22, 2017 Wintershall is still looking for ways to support the Nord Stream 2 pipeline project.

Aker Solutions Secures Johan Sverdrup Phase 2 FEED Contract
Tuesday, March 21, 2017 Aker Solutions secures a front-end engineering and design (FEED) contract from Statoil for the second phase of the Johan Sverdrup development offshore Norway.

Unite Members Reject Latest OCA Deal
Tuesday, March 21, 2017 In a consultative ballot, 81% of Unite members vote to reject the latest deal put forward by their employers, represented by the Offshore Contractors Association.

HITS JIP Helps EM&I Increase Employment Opportunities
Tuesday, March 21, 2017 A Hull Inspection Techniques and Strategies (HITS) joint industry project, led by EM&I Group, has led to a number of new innovations which have increased employment opportunities throughout the company.

Wood Group Aims to Grow Employment in Long-Term Following Amec Deal
Tuesday, March 21, 2017 Wood Group refuses to provide any detail on potential job losses as a result of its decision to buy Amec Foster Wheeler, but insists that its aim is on growing employment in the long term.

Newcomer Borr Scoops Up Transocean Rigs For $1.4B As Dealmaking Heats Up
Monday, March 20, 2017 Borr Drilling, founded by former executives of financially troubled Seadrill, has snapped up Transocean's fleet of shallow-water drilling rigs for $1.35 billion.

Borr Drilling Signs Deal With Transocean to Buy 15 Rigs
Monday, March 20, 2017 Borr Drilling Limited signs a deal with Transocean for the acquisition of 15 high-specification jack-up rigs.

Scotland Urged to Open Up on Mental Health Following Oil Price Crash
Monday, March 20, 2017 VSA and SAMH have teamed up to launch the 'Open Up' campaign, encouraging everyone in the north-east to open up about mental health following the effects of the oil price crash.

Statoil's Strategy Chief John Knight To Leave Oil Firm In 2019
Friday, March 17, 2017 John Knight, Statoil's head of global strategy and business development, will leave the Norwegian oil firm in 2019.

Ownership Of Norway's Nyhamna Gas Export Plant To Expand
Friday, March 17, 2017 The ownership of Norway's Nyhamna gas-processing plant could expand to 13 companies this year, from 5 now, when Gassco succeeds Royal Dutch Shell as the facility's operator.

UK's Tullow Oil Makes $750MM Cash Call To Reduce Debt
Friday, March 17, 2017 Tullow Oil Plc plans a rights issue to raise about $750 million to cut its $4.8 billion debt burden and make investments in drilling and exploration in Latin America and Africa.

Unite Expresses Concern Over Possible Forties Pipeline System Sale
Friday, March 17, 2017 UK union Unite expresses concern over the possible sale of the Forties Pipeline System from BP plc to Ineos.

Study Like a CEO: Universities Attended by Europe's Top Oil, Gas Execs
Friday, March 17, 2017 Where, and what, did the CEOs of some of Europe's top oil and gas companies study?

BP Appoints New Heads Of Production, Drilling As Output Set To Jump
Thursday, March 16, 2017 BP reshuffles its exploration and production division as the oil company readies for the biggest jump in output in its history.

EU Lawmakers Reject Call For Ban On Arctic Oil Exploration
Thursday, March 16, 2017 The European Parliament rejected a call to ban Arctic oil and gas exploration.

Oil Minister: Up To 12 Oil And Gas Projects Possible In Norway This Year
Thursday, March 16, 2017 Up to 12 oil and gas projects off Norway could be sanctioned by oil companies this year, the Norwegian oil and energy minister says.

Amec Foster Wheeler Secures 200 Jobs with Contract Win
Wednesday, March 15, 2017 Amec Foster Wheeler secures around 200 jobs with the award of a contract extension by Centrica for its Morecambe Bay onshore and offshore gas production assets.

Montenegro Signs 30-Year Oil Licensing Deal With Greek Producer
Wednesday, March 15, 2017 Montenegro awarded Greece's sole oil producer Energean Oil & Gas a 30-year oil and gas exploration licences in two offshore blocks in the Adriatic sea.

IEA Says Oil Market Could Tilt Into Deficit In 1H If OPEC Sticks To Cuts
Wednesday, March 15, 2017 If OPEC maintains its output cuts, demand should overtake supply in the first half of this year, the International Energy Agency says.

Russia's Lukoil Sees Hydrocarbon Output Growth Of 3-4% In 2017
Wednesday, March 15, 2017 Russian oil firm Lukoil forecasts its hydrocarbon output will grow 3-4% in 2017.

Norwegian Unions, Employers Agree Deal For 2.4% Wage Increase
Tuesday, March 14, 2017 Norwegian labor unions and Norway's biggest employers' organization have agreed a wage deal for 2017, avoiding a strike, the two announced.

Kemp: Brent Spreads Become Battleground Amid Doubts Over Oil Rebalancing
Tuesday, March 14, 2017 Global oil markets are gradually rebalancing, but progress has been slower and more uneven than the Organization of the Petroleum Exporting Countries and bullish hedge funds expected.

Kremlin Says No Decision Yet On Prolonging Global Oil Output Cuts
Tuesday, March 14, 2017 It is too early to decide on a unified position about the possible extension of a global pact to cut oil output, a Kremlin spokesman says.

Norway Government Cuts 2017 Oil Investment Forecast
Tuesday, March 14, 2017 Investments by Norway's oil industry will decline more than expected in 2017 and economic growth is now seen fractionally lower than forecast.

Amec Foster Wheeler Looking for Graduates in the UK
Tuesday, March 14, 2017 Amec Foster Wheeler is currently recruiting graduates in a number of disciplines in its Reading office in the UK.

Russian Oil Major Says US Shale Growth Imperils OPEC Deal
Monday, March 13, 2017 A recovery in US oil output may deter OPEC and non-OPEC producers from extending production cuts beyond June and might lead to a new price war, Rosneft says.

Norway Proposes Record Number Of Barents Oil Exploration Blocks
Monday, March 13, 2017 Norway announced preliminary plans to nominate a record number of blocks for oil and gas exploration in the Barents Sea.

Wood Group Buys Amec Foster For $2.7B To Target Oil Upturn Benefits
Monday, March 13, 2017 Wood Group has agreed to buy rival Amec Foster Wheeler for $2.7 billion, seeking rewards from the fast-growing U.S. shale energy sector.

Russia's Gazprom Says Launch Of Baltic LNG Postponed Until 2022-2023
Friday, March 10, 2017 Gazprom postpones the launch of its Baltic liquefied natural gas (LNG) plant in the Leningrad region until 2022-2023.

Kremlin Says President Putin Met New Exxon CEO
Friday, March 10, 2017 Kremlin spokesman Dmitry Peskov tells reporters that President Vladimir Putin has met new Exxon Mobil chief executive officer Darren Woods.

Russia's Rosneft Says Glencore CEO Nominated To Its Board
Friday, March 10, 2017 Ivan Glasenberg nominated to Rosneft board of directors.

Statoil Scraps Plan To Build New Head Office After Job Cuts
Friday, March 10, 2017 Statoil ditches plans to build a futuristic-looking head office in Stavanger after cutting the size of its workforce by almost 3,000 in recent years.

Statoil Makes Gas Find Offshore Norway
Friday, March 10, 2017 Statoil Petroleum AS makes a gas discovery through wildcat well 6507/3-12 and appraisal well 6507/3-12 A offshore Norway.

BLOG: Industry 'Low Priority' in Brexit Talks, Says Leaked Govt Document
Friday, March 10, 2017 The UK government has branded the oil industry a "low priority" in Brexit talks, according to a "leaked list" obtained by The Times.

'Vital Missing Part' Found in Norway Helicopter Crash Investigation
Thursday, March 09, 2017 A 'vital missing part' has been found in connection with an ongoing investigation into an offshore helicopter crash that occurred last year, Accident Investigation Board Norway (AIBN) says.

INEOS Increases UK Shale License Acreage
Thursday, March 09, 2017 INEOS Shale, the onshore division of INEOS Upstream, completes the acquisition of the entire UK onshore petroleum exploration and development license interests of ENGIE E&P UK Limited.

Statoil Plans To Extend Statfjord A Output Until 2022
Wednesday, March 08, 2017 Norway's Statoil plans to extend production at its oldest oil platform still in operation, the Statfjord A, until 2022.

Poland's PGNiG Says 2016 Net Profit Rises 10%
Wednesday, March 08, 2017 Polish gas company PGNiG says that higher gas sales boosted its 2016 net profit by about 10% to 2.35 billion zlotys ($577 million).

Petroplan: Oil, Gas Recruitment Looks Set to Pick Up
Wednesday, March 08, 2017 Global oil prices are now around the level where demand for talent looks set to pick up again, according to a new report from Petroplan.

Eni Agrees Cyprus Block 11 Farm-in
Wednesday, March 08, 2017 Eni finalizes a farm-in agreement with Total to acquire a 50% participating interest in Block 11, offshore Cyprus.

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