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Regional News: Europe & Russia
 
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PetroHungaria Spuds New Peneszlek Well in Hungary
Tuesday, February 09, 2010 - Ascent Resources' subsidiary PetroHungaria has commenced the drilling of the PEN-101 well, part of the Penszlek Project in eastern Hungary.

Ferguson to Revamp Accommodation Support Vessel
Tuesday, February 09, 2010 - Ferguson Modular has awarded a contract for refit and refurbishment work on its new accommodation support vessel to Ferguson Shipbuilders in Scotland.

Realm in Talks to Acquire Additional EU Shale Rights
Tuesday, February 09, 2010 - Realm Energy is in negotiations to acquire an additional European shale gas play.

Stratic Earmarks $10MM for E&P in UK, Syria
Tuesday, February 09, 2010 - Stratic ended 2009 with net debt of $106.5 million, comprising cash (excluding restricted cash) of approximately $6 million, bank debt of $48 million and subordinated convertible loans of $64.5 million.

PSA Investigates Gas Leak at Norway's Mongstad
Tuesday, February 09, 2010 - The Petroleum Safety Authority Norway has initiated an investigation into a gas leak which took place at Mongstad in western Norway on February 8.

  
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Toreador Commences Public Offering of Common Stock
Tuesday, February 09, 2010 - Toreador Resources is commencing a public offering of shares of its common stock for net proceeds to satisfy payment obligations.

Aker Updates on EPC Contract for Goliat FPSO
Monday, February 08, 2010 - Eni Norge AS has notified Aker Solutions that the company will not be awarded the EPC contract for delivery of the Goliat FPSO.

Elixir Snaps Up Unconventional Gas Play Onshore France
Monday, February 08, 2010 - Elixir Petroleum has agreed to acquire the large Moselle Permit located in the East Paris Basin, onshore Northeastern France.

EFC Welcomes New Financial Director
Monday, February 08, 2010 - Electro-Flow Controls, designer and manufacturer of Instrumentation, Monitoring and Control Systems, has appointed Dave Walker as financial director.

Rosneft's Total Proved Reserves Up 2.5%
Monday, February 08, 2010 - At year-end 2009, Rosneft had estimated net proved reserves of 22,858 million boe, including 18,058 million barrels of oil and 28,801 bcf of gas.

GL Noble Denton Now in Service for O&G Industry
Monday, February 08, 2010 - GL Noble Denton is the newly rebranded technical service provider for the oil and gas industry with a comprehensive service portfolio combining former marine and offshore consultancy Noble Denton with GL's oil and gas division.

Reservoir Group Ranks High in Deloitte Buyout Track
Monday, February 08, 2010 - Global leading oilfield services company Reservoir Group has been ranked in the top 10 of the Sunday Times 100 buyout track.

IRG Preps Fiume Bruna Coal Seam Appraisal in Italy
Monday, February 08, 2010 - IRG has updated on the appraisal campaign that is designed to demonstrate commercially-viable natural gas flow from the Fiume Bruna coal seam, located near Grosseto, Italy.

RigNet Aberdeen Ops Relocate to Upgraded Facility
Monday, February 08, 2010 - RigNet, a leading independent global provider of remote communications and collaborative applications to the oil and gas industry, has recently relocated its Aberdeen operations to a new and improved facility.

AGCC Launches 12th Oil & Gas Survey
Monday, February 08, 2010 - The 12th Aberdeen & Grampian Chamber of Commerce Oil and Gas Survey, sponsored once again by leading law firm McGrigors LLP, has been launched today.

OEG Offshore Sets New Standards for Engineering Cabins
Friday, February 05, 2010 - Aberdeen-based OEG Offshore has designed a series of innovative engineering cabins to meet the latest industry regulations.

Gazprom Delays Startup of Shtokman to 2016
Friday, February 05, 2010 - A consortium led by Russian gas producer Gazprom has decided to delay startup of the huge Arctic gas condensate development Shtokman by three years to 2016.

BG Group's Production Volumes Up 4%, Reserves Up 10%
Friday, February 05, 2010 - "The results reflect the benefit of integration across the gas chain combined with a particular focus on markets -- the hallmarks of BG Group's long-term strategy," BG Group's Chief Executive, Frank Chapman said.

Bulgaria Ratifies Nabucco Pipeline Deal
Thursday, February 04, 2010 - Bulgarian legislators unanimously backed the agreement to take part in a EU-backed gas pipeline project that aims to reduce Western dependency on Russian energy supplies.

Dong Energy Closes Sale of Shares in Swedegas AB
Thursday, February 04, 2010 - As announced in December 2009, DONG Energy and the other owners of Swedish gas transmission company Swedegas AB have decided to sell their shares in the company to EQT Infrastructure Fund.

Shell Seeks Cost Reduction of $1B in 2010
Thursday, February 04, 2010 - "For 2010, we are targeting a further underlying cost reduction of at least $1 billion, and a reduction of some 1,000 employees," said CEO Peter Voser, commenting on Shell's quarterly and full year results.

Eni Presents Gas Pipelines Proposal to EU Commission
Thursday, February 04, 2010 - Eni has formally presented to the Directorate General for Competition of the European Commission a set of structural remedies related to some international gas pipelines.

Novatek, Total Form JV for Russian Gas Condensate Field
Thursday, February 04, 2010 - Novatek and Total have closed the transaction to establish an E&P JV for the Termokarstovoye gas condensate field in Russia.

SONIC Enters Albanian Heavy Oil Upgrading JV
Thursday, February 04, 2010 - SONIC Technology Solutions has entered into a joint venture in Albania to build and operate initially a 1,000 bopd PetroSonic heavy oil upgrading facility.

EnergySys Launches Latest Production Reporting Tool
Wednesday, February 03, 2010 - EnergySys, the specialist supplier of hydrocarbon and production reporting tools, has launched version 4.3 of its leading on-demand solution.

GE Oil & Gas Adds to Drilling & Production Portfolio
Wednesday, February 03, 2010 - GE Energy's Oilfield Technology business has been realigned from GE Energy Services to GE Oil & Gas.

CoreTrax on Track for Continued Success
Wednesday, February 03, 2010 - Aberdeen-based oilfield service company Coretrax Technology has announced a successful first year having generated a six figure turnover.

BP's Fourth Quarter 2009 Profits Up 70%
Tuesday, February 02, 2010 - BP reported a sharp year-on-year increase in fourth quarter profits as it announced that its oil and gas production increased by more than four percent in 2009 and the company continued its industry-leading 17-year run of increasing reserves.

Ascent: Potential Upside from Fontana-1 Still Remains
Tuesday, February 02, 2010 - Ascent will commence the re-drilling of the Fontana-1 well in Hungary the next few days.

Spectrum Closes on Additional Private Investment
Tuesday, February 02, 2010 - Seismic services provider Spectrum has raised 81m NOK gross proceeds from a non-public offering to increase the financial strength of the company for investment in businesses and assets such as multi-client studies.

Hungary, Gazprom Team Up for South Stream Pipeline
Tuesday, February 02, 2010 - The state-owned Hungarian Development Bank set up a joint venture with Gazprom in Budapest on Friday, laying the groundwork for the construction of the local stretch of the planned South Stream gas pipeline.

Toreador Enters Exchange Agreement for Senior Notes
Tuesday, February 02, 2010 - Toreador has entered into a privately negotiated exchange agreement with an institutional investor for the exchange of its 5.00% Convertible Senior Notes.

Turkmen O&G Specialists Undergo Training at RWE
Monday, February 01, 2010 - As part of a cooperation agreement between the Government of Turkmenistan and RWE, leading specialists of the oil and gas sector in Turkmenistan will undergo one week of training at RWE's head office in Germany.

Aker Solutions Wins Two Industry Awards in UK
Monday, February 01, 2010 - Aker Solutions has received awards from two heavyweight oil and gas industry bodies in recognition of its commitment to raising the bar on operating performance and improving staff development.

Senergy Releases Revolutionary Oil & Gas Tool
Monday, February 01, 2010 - A pioneering new tool that will revolutionize the oil and gas industry's approach to inflow performance will be launched later this month at the SPE Formation Damage Conference in Lafayette, Louisiana.

Containental-Vertec Merge into New Oil Services Firm
Monday, February 01, 2010 - A new Aberdeen-based oil services firm has been formed through the merger of two well-established local companies.

Ithaca Reports Substantial Increase in Reserves
Monday, February 01, 2010 - Ithaca Energy has noted an increase in reserves. Net Proved reserves rose ~90% from 8.37 million barrels of oil equivalent to 15.99 mmboe.

BP Valhall Deck Heads Out for Topsides Completion
Monday, February 01, 2010 - On January 30, the 11,000-tons BP Valhall main deck -- the largest offshore deck ever built in the Netherlands -- left the fabrication hall at Heerema Zwijndrecht for further completion.

Serica Taps Ensco 80 to Drill in UK Irish Sea
Monday, February 01, 2010 - Serica has secured the use of the Ensco 80 jackup drilling rig for an exploration well on the Conan prospect in UK East Irish Sea Blocks 113/26b and 113/27c.

New CFO Takes Reins at TGS
Monday, February 01, 2010 - TGS has announced the appointment of Kristian Johansen as the company's new Chief Financial Officer.

HARC, University of Leoben Team Up for Low Impact Drilling
Monday, February 01, 2010 - The Houston Advanced Research Center (HARC) and Austria's University of Leoben announce the formation of a research collaboration to promote advanced technology for low-impact oil and gas drilling.

Toreador Cites Higher Reserves Estimates in France
Monday, February 01, 2010 - Toreador announced an increase to the Company's reserves estimates in France.

Toreador: La Garenne Well Results Inconclusive
Monday, February 01, 2010 - Toreador reported that production testing of the LGA-1D well is now complete, and results were inconclusive.

CROSCO Commences Drilling Services in Albania
Friday, January 29, 2010 - CROSCO has commenced drilling services for Bankers Petroleum at the Patos Marinza oil field in Albania.

Poland Secures More Gas Supplies from Gazprom
Friday, January 29, 2010 - Poland's gas monopoly PGNiG has signed a deal with Russian Gazprom to increase gas deliveries to Poland and extend a contract for transit of gas

BP Welcomes Paul Anderson as Non-Executive Director
Friday, January 29, 2010 - The board of BP has appointed Mr. Paul Anderson as a non-executive director of BP with effect from February 1, 2010.

Sakhalin Energy Delivers 100th Cargo of Russian LNG
Friday, January 29, 2010 - The hundredth tanker carrying Russian liquefied natural gas, shipped from the LNG plant in Prigorodnoye, has arrived in Japan.

Vertec Bags Series of Rental Contracts Entering 2010
Friday, January 29, 2010 - Vertec won a number of deals at the end of 2009 and the start of this year to supply cabins for major operators in the oil and gas industry.

EuroGas Snaps Up 3 Unconventional Gas Concessions
Thursday, January 28, 2010 - EuroGas, Inc. announced the acquisition of three unconventional gas concessions by EuroGas Ukraine Ltd., in which EuroGas holds a 30% stake with options to increase its shareholding to 100%.

Castrol Marine Launches 2 Double Hull Barges
Thursday, January 28, 2010 - Castrol Marine has launched two new barges in advance of the latest 'double hull' legislation from the International Maritime Organization.

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